Other sites of Banque de France

You are here

Business failures 2018Apr

Published on 06/15/2018
In March 2018, the number of corporate bankruptcies decreased by 7.1%
  • At the end of March 2018, the aggregated number of corporate bankruptcies over the last 12 months amounted to 53,095 down 7.1% compared to March 2017 (see tables A and B and charts 1 and 2).
Corporate bankruptcies decreased in most business sectors
  • The construction and real estate activities sectors recorded the strongest decrease in bankruptcies over the past 12 months (-11.5% and -13.1%, respectively). Bankruptcies also decreased substantially in other sectors, particularly in wholesale and retail trade (-6.7%), advisory and business support activities (-6.6%) and accommodation and food activities (-6.4%).
  • However, corporate bankruptcies increased in the transportation and storage sector (+4.4%).
In March 2018, SME bankruptcies decreased
  • Bankruptcies overall decreased for SMEs (-7.1%). By contrast, bankruptcies increased for Intermediate-sized enterprises (ISEs) & large firms (+17 bankruptcies over 12 months, see table B).
The outstanding loan amount of firms filing for bankruptcy over the past 12 months accounts for nearly 0.4% of the total outstanding loan amount reported to the Banque de France's Central Credit Register.

The aggregated number of corporate bankruptcies decreased by 6.3% at the end of April 2018, according to provisional data (see tables A and B and chart 2).
To find out more: data on business start-ups are reported by the French National Institute of Statistics and Economic Studies (INSEE): Business start-ups on the INSEE's website
A - Corporate bankruptcies by sector
Bankruptcies in number of legal units, year on year change (%)
Aggregate over the last 12 months (a) (gross data) Quater to quater sa/wda (bc) Monthly data sa / wda (c)
Mar-2017 Mar-2018 Mar. 18/Mar. 17 Apr. 18 prov. Apr. 18/Apr.17 Mar-2018 Jan- 2018 Feb- 2018 Mar-2018
Business sector
Agriculture, forestry and fishing (AZ) 1,508 1,449 -3.9% 1,388 -7.6% -18.6% 88 120 105
Industry (BE) 4,046 3,805 -6.0% 3,764 -6.2% -0.5% 295 308 325
Construction (FZ) 13,199 11,681 -11.5% 11,660 -10.1% -9.2% 943 919 843
Wholesale and retail trade; repair of motor vehicles (g) 12,442 11,613 -6.7% 11,586 -5.5% -6.9% 865 944 935
Transportation and storage (H) 1,773 1,851 4.4% 1,873 5.3% 1.9% 149 170 157
Accommodation and food service activities (I) 7,596 7,110 -6.4% 7,091 -5.4% -9.6% 540 548 585
Information and communication (JZ) 1,374 1,352 -1.6% 1,334 -3.3% -16.9% 83 106 108
Financial and insurance activities (KZ) 1,109 1,003 -9.6% 1,016 -6.9% -15.0% 73 77 69
Real estate activities (LZ) 2,021 1,756 -13.1% 1,752 -8.9% 0.8% 136 154 151
Advisory & Business support activities (MN) 6,098 5,698 -6.6% 5,655 -6.2% -7.1% 463 468 433
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,519 5,295 -4.1% 5,231 -4.5% -5.6% 399 424 420
All firms (d) 57,128 53,095 -7.1% 52,828 -6.3% -6.9% 4,040 4,273 4,213
Source: Banque de France - database: Fiben. Data available at end-May 2018
Calculation : Banque de France - Companies Directorate - Companies Observatory
a Aggregate number of corporate bankruptcies over the past 12 months compared to the same aggregate one year ago
b Aggregate number of corporate bankruptcies over the past 3 months compared to the same aggregate three months ago
c sa : seasonally adjusted - wda : working day adjusted
d The line « All firms » includes legal units whose business sector is not known
B - Corporate bankruptcies by firm size
Bankruptcies in number of legal units, year on year change (%)
Aggregate over the last 12 months (a) (gross datat) Quarter to quarter sa/wda (bc) Monthly data sa / wda (c)
Mar-2017 Mar-2018 Mar. 18 / Mar. 17 Apr. 18 prov. Apr. 18/Apr. 17 Mar-2018 Jan- 2018 Feb- 2018 Mar-2018
Size
SME, among them 57,096 53,046 -7.1% 52,775 -6.3% -6.9% 4,038 4,267 4,210
Micro-enterprises and unknown firm's size 54,099 50,257 -7.1% 50,020 -6.3% -7.2% 3,846 4,006 3,986
Very small firms 1,823 1,657 -9.1% 1,626 -10.4% 0.9% 116 176 125
Small firms 850 847 -0.4% 839 -0.4% -0.2% 65 69 68
Medium-size firms 324 285 -12.0% 290 -7.9% -5.9% 23 24 23
ISE - Large Firms 32 49 53.1% 53 60.6%
All firms 57,128 53,095 -7.1% 52,828 -6.3% -6.9% 4,040 4,273 4,213
Source: Banque de France - database: Fiben. Data available at end - May 2018
Calculation : Banque de France - Companies Directorate - Companies Observatory
a Aggregate number of corporate bankruptcies over the past 12 months compared to the same aggregate one year ago
b Aggregate number of corporate bankruptcies over the past 3 months compared to the same aggregate three months ago
c sa : seasonally adjusted - wda : working day adjusted
C - Changes in corporate bankruptcies
1 - Number of bankruptcies
Aggregate number of bankruptcies over the past 12 months
From December 1991 to March 2018

2 - Change in bankruptcies
Year-on-year change in the 12-month aggregate
From Dec. 1991 to March 2018 (+ April 2018 provisional)

(in %)
3 - Loan amounts of bankrupt non-financial firms over loan amount of all firms Aggregate over the past 12 months
From Dec. 2006 to March 2018 (+ April 2018 provisional)


(in %)
4 - Loan amounts of bankrupt non-financial firms over loan amount of all firms - broken down by firm size
Aggregate over the past 12 months
From Dec. 2006 to March 2018 (+ April 2018 provisional)

(in %)
Source : Banque de France, Companies Directorate, Data available at end-May 2018
More information on: methodology, time series, calendar
All the series published by the Banque de France are available at the following address
Webstat Banque de France
Publication available for
Apple and Android
STAT INFO - April 2018
Corporate bankruptcies in France
Contact: GPS.support@banque-france.fr

Download the PDF version of this document

Business failures - France
  • Published on 06/15/2018
  • EN
  • PDF (770.4 KB)
Download (EN)

Published on Friday, June 15, 2018