Business failures - France - 2026-03
Published on 11th of May 2026
At the end of March, the number of corporate bankruptcies continues to rise slightly
- At the end of March 2026, the number of corporate bankruptcies over the last twelve months amounted to 69,938 (see graph 1), slightly higher than in February 2026 (69,435 based on revised data (1)).
- This increase is observed in most sectors and firm sizes (see Table A and B).
- The rise in corporate bankruptcies can be partly attributed to a deterioration in economic conditions, due in particular to successive shocks and increased uncertainty, which have weakened companies' financial positions since the end of the Covid-19 pandemic.
- It also comes at a time when the corporate population continues to grow. According to INSEE, more than 1.2 million enterprises were created at the end of March 2026 over a sliding 12-month period, up 9.3% compared with the cumulative 12 months to the end of March 2025.
To find out more: data on business start-ups are reported by the French National Institute of Statistics and Economic Studies (INSEE): Business births on the INSEE's website
1- As a reminder, the data is revised on a monthly basis, with judgement records that August be communicated at a later date.
1- As a reminder, the data is revised on a monthly basis, with judgement records that August be communicated at a later date.
A - Corporate bankruptcies by sector![]()
Bankruptcies in number of legal units, year-on-year change (%)
| Aggregate over previous 12 months (a) (raw data) | ||||||||
| Mean 2010-2019 | Feb. 26 | Feb. 26/Feb. 25 | Feb. 26/2010-2019 | Mar. 25 | Mar. 26 | Mar. 26/Mar. 25 | Mar. 26/2010-2019 | |
| Business sector | ||||||||
| Agriculture, forestry and fishing (AZ) | 1,359 | 1,744 | 20.3% | 28.3% | 1,500 | 1,740 | 16.0% | 28.0% |
| Industry (BE) | 4,442 | 4,418 | 3.7% | -0.5% | 4,243 | 4,478 | 5.5% | 0.8% |
| Construction (FZ) | 14,684 | 14,544 | -2.0% | -1.0% | 14,813 | 14,556 | -1.7% | -0.9% |
| Wholesale and retail trade repair of motor vehicles and motorcycles (G) | 13,071 | 13,927 | 1.7% | 6.5% | 13,653 | 14,046 | 2.9% | 7.5% |
| Transportation and storage (H) | 1,902 | 3,265 | 8.8% | 71.7% | 3,005 | 3,294 | 9.6% | 73.2% |
| Accommodation and food service activities (I) | 7,374 | 9,387 | 7.6% | 27.3% | 8,834 | 9,465 | 7.1% | 28.4% |
| Information and communication (JZ) | 1,480 | 2,099 | 2.6% | 41.8% | 2,061 | 2,121 | 2.9% | 43.3% |
| Financial and insurance activities (KZ) | 1,150 | 1,637 | -0.7% | 42.3% | 1,655 | 1,691 | 2.2% | 47.0% |
| Real estate activities (LZ) | 1,984 | 2,578 | 1.3% | 29.9% | 2,538 | 2,561 | 0.9% | 29.1% |
| Advisory & Business support activities (MN) | 6,379 | 8,742 | 10.1% | 37.0% | 8,101 | 8,794 | 8.6% | 37.9% |
| Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) | 5,311 | 6,942 | 14.9% | 30.7% | 6,092 | 7,032 | 15.4% | 32.4% |
| All firms (b) | 59,342 | 69,435 | 4.7% | 17.0% | 66,597 | 69,938 | 5.0% | 17.9% |
Source: Banque de France - database: Fiben. Data available at the beginning of May 2026.
Calculation: Banque de France - Companies Directorate - Companies Observatory.
a Aggregate number of corporate bankruptcies over previous 12 months compared to the same aggregate one year before and with the 2010-2019 mean.
b The line « All firms » includes legal units whose business sector is not known
1 As a reminder, the data is revised on a monthly basis, with judgement records that August be communicated at a later date.
Calculation: Banque de France - Companies Directorate - Companies Observatory.
a Aggregate number of corporate bankruptcies over previous 12 months compared to the same aggregate one year before and with the 2010-2019 mean.
b The line « All firms » includes legal units whose business sector is not known
1 As a reminder, the data is revised on a monthly basis, with judgement records that August be communicated at a later date.
B - Corporate bankruptcies by firm size![]()
Bankruptcies in number of legal units, year-on-year change (%)
| Aggregate over previous 12 months (a) (raw data) | ||||||||
| Mean 2010-2019 | Feb. 26 | Feb. 26/Feb. 25 | Feb. 26/2010-2019 | Mar. 25 | Mar. 26 | Mar. 26/Mar. 25 | Mar. 26/2010-2019 | |
| Size | ||||||||
| SME, among them | 59,309 | 69,371 | 4.7% | 17.0% | 66,538 | 69,870 | 5.0% | 17.8% |
| Micro-enterprises and unknown firm's size | 56,059 | 63,886 | 4.4% | 14.0% | 61,486 | 64,325 | 4.6% | 14.7% |
| Very small firms | 2,011 | 3,440 | 9.6% | 71.1% | 3,133 | 3,481 | 11.1% | 73.1% |
| Small firms | 910 | 1,522 | 6.4% | 67.3% | 1,437 | 1,545 | 7.5% | 69.8% |
| Medium-size firms | 329 | 523 | 11.0% | 59.0% | 482 | 519 | 7.7% | 57.8% |
| ISE - Large Firms | 33 | 64 | 6.7% | 93.9% | 59 | 68 | 15.3% | 106.1% |
| All firms | 59,342 | 69,435 | 4.7% | 17.0% | 66,597 | 69,938 | 5.0% | 17.9% |
Source: Banque de France - database: Fiben. Data available at the beginning of May 2026.
Calculation: Banque de France - Companies Directorate - Companies Observatory.
a Aggregate number of corporate bankruptcies over previous 12 months compared to the same aggregate one year before and with the 2010-2019 mean
Calculation: Banque de France - Companies Directorate - Companies Observatory.
a Aggregate number of corporate bankruptcies over previous 12 months compared to the same aggregate one year before and with the 2010-2019 mean
C - Changes in corporate bankruptcies![]()
1 - Number of bankruptcies
Cumulated over previous 12 months
From Dec. 1991 to March 2026
Cumulated over previous 12 months
From Dec. 1991 to March 2026
Note: The orange line represents the average value of the number of corporate bankruptcies over twelve months observed monthly between January 2010 and December 2019.
2 - Change in number of bankruptcies
Annual year-on-year change
From Dec. 2006 to March 2026
(in %)
Annual year-on-year change
From Dec. 2006 to March 2026
(in %)
3 - Monthly number of bankruptcies
Mean 2010-2019, Mean 2020-2022
and from Jan. 2023 to March 2026
Mean 2010-2019, Mean 2020-2022
and from Jan. 2023 to March 2026
4 - Loan amounts of bankrupt non-financial firms over loan amount of all firms - by firm size
Cumulated over previous 12 months
From Dec. 2006 to March 2026
(in %)
Cumulated over previous 12 months
From Dec. 2006 to March 2026
(in %)
Note: the sharp rise in the weighting of outstanding loans in the Very small businesses category between April 2024 and March 2025 reversed in April 2025 due to the removal of a legal unit bankrupted in April 2024, and classified in this category due to a low number of employees.
Source: Banque de France - database: Fiben. Data available at the beginning of May 2026.
Download the PDF version of the document
EN_Stat_Info_Corporate_Bankruptcies_202603.pdf
Updated on the 7th of May 2026