Insolvencies decreased by almost 12% in the first half of the year

Porto was the district with the most insolvent companies until June, but fewer than last year

The number of companies facing insolvency fell in the first half of 2025. From January to June, 1,082 companies filed for insolvency in Portugal, representing a drop of 11.5% compared to the same period last year, according to data from Allianz Trade in Portugal.

In the Porto district, 292 companies filed for insolvency by June, representing an 11.8% decrease compared to the same period last year. In the Lisbon district, 222 companies filed for insolvency, representing a very slight decrease of 0.9% compared to the same period last year.

The district with the third highest number of insolvent companies is Braga, which has recorded a total of 142 insolvencies, representing a 16% decrease compared to the first half of 2024.

"When analyzing the data from the first half of the year, we need to take into account that the months of January, February, and April of last year saw a very high number of insolvencies," explains Nadine Accaoui, CEO of Allianz Trade in Portugal.

On the other hand, and considering size, data from Allianz Trade in Portugal reveals that micro and small businesses, with a turnover of less than €500,000, recorded the highest number of insolvencies as of June. Furthermore, according to data from the world leader in Credit Insurance, companies established over 10 years ago recorded the highest volume of insolvencies in the first half of the year.

The services, textiles and construction sectors recorded the highest numbers of insolvencies up to June.

"The Portuguese economy has shown signs of robustness, including a budget surplus in 2024, which is very important for strengthening the confidence of external markets in Portugal. However, global uncertainty is high, which is negatively impacting trade flows and, consequently, global value chains," says Nadine Accaoui, CEO of Allianz Trade in Portugal.

In this scenario, Allianz Trade remains attentive to the main risk indicators and macroeconomic developments to continue offering companies the best options in Credit Insurance and Surety Bond Insurance.

"The numbers from these first six months of the year are encouraging. However, for Portugal to continue on this path, companies need to maintain strong strategic rigor, resilience, and agility, given the challenging international context," adds Nadine Accaoui, CEO of Allianz Trade in Portugal.