Publication date
In the first seven months of 2026, 3,984 insolvency proceedings and 19,534 dissolutions were recorded in Spain, according to the data on Insolvency proceedings and dissolutions compiled by INFORMA. These figures represent a 4% fall in insolvency proceedings and a 12% increase in dissolutions compared with the same period in 2025.
Of the total insolvency proceedings accumulated up to July, 74% corresponded to insolvency filings, 2,943, down 2.5% year over year. Restructuring plans totalled 128, nearly 3% of the total, down 25%. Special procedures for micro-enterprises reached 913, 23% of insolvency proceedings, a 7% cut compared with the 2025 figures.
In July, micro-enterprises accounted for the bulk of insolvency filings, 75%, followed by small businesses at 23%, while medium-sized businesses represented 2%. Only one large corporation appeared this month. As for restructuring plans, micro-enterprises accounted for 60% of the total, small businesses 20%, and medium-sized businesses and large corporations 10% each, with one company affected in both cases.
Nathalie Gianese, Director of Research at Informa D&B, notes: “In July, insolvency proceedings were once again above 600, with 602 processes, while the year-to-date figure maintained the year-on-year decline, down 4%, settling at 3,984”.
The number of insolvency filings in July rose 11% compared with June to reach 448, and also increased 11% against the same month last year, the third-highest figure in 2026. In addition, 10 restructuring plans were recorded, up 150% on June, although 74% lower than July 2025, and 144 special procedures for micro-enterprises, 22% above the previous month but 8% down year over year.
In total, insolvency proceedings for the month came to 602, 1% above July 2025. Dissolutions in July stood at 2,098, down 4% on June. However, they were up 16% year over year, although this was the lowest figure since September 2025.
The economic and social impact of insolvency proceedings in July affected 5,975 workers, with combined sales of 834 million euros. In the case of dissolutions, the companies dissolved in July had 11,445 employees and combined revenue of €1.834 billion.
Insolvency filings accumulated year to date fell in most of the main sectors, with the most notable reductions in Construction and Real Estate Activities, down 68, and Trade, down 52. By contrast, the most significant increases were recorded in Hospitality, up 29, and Communications (+25). Trade has led insolvency filings since January with 683, 23% of the total, followed by Construction and Real Estate Activities with 526, and Manufacturing with 422, representing 18% and 14% respectively.
For restructuring plans, the sharpest decline was in Trade, down 34, while Manufacturing posted the largest increase, up 18, and accounted for 35% of the cumulative total, 45. It was followed by Business Services with 21, 16%. As for special procedures for micro-enterprises, Trade accounted for 195, 21%, and Construction and Real Estate Activities 166, 18%. The largest decline was in Trade, down 24. Conversely, Construction and Real Estate Activities and Healthcare added 9 in both cases.
Adding up the three types of insolvency proceedings, Trade accounted for 22.5% of the total, 896, and Construction and Real Estate Activities 18%, 712, followed by Manufacturing with 562, 14%.
Dissolutions accumulated up to July were concentrated mainly in Construction and Real Estate Activities with 4,837, up 11%, Trade with 3,766, up 14%, and Business Services with 3,010, 6% higher. Agriculture was the only sector to reduce its figures in the cumulative total, down 22, while Trade added 472 dissolutions and Construction and Real Estate Activities added 462, the largest absolute increases.
Catalonia was the region with the highest number of insolvency filings accumulated since January, with 895, 30% of the total, and a 6% year-on-year decline. It was followed by Madrid with 442, up 4%, and the Valencian Community with 376, down 5%. For restructuring plans, Catalonia also led the cumulative total with 26, although it cut 33%, followed again by Madrid with 17, down 11%, and the Valencian Community with 14, down 22%. For special procedures for micro-enterprises, Madrid led the figures with 379, 42% of the total, down 17%, ahead of the Valencian Community with 171, up 11%, and Catalonia with 99, up 15%.
Overall, accumulated insolvency proceedings were concentrated mainly in Catalonia with 1,020 and Madrid with 838, down 5% and 7% respectively. Together, they accounted for 47% of the national total.
For dissolutions, Madrid accounted for 26% of the cumulative total, with 5,111, up 10%, adding 475, the largest absolute increase. Andalusia followed with 3,206, up 17%, and the Valencian Community reached 2,308, an 18% increase. The figures since January fell in three regions: the Basque Country, down 3%, the Balearic Islands, down 1.5%, and Melilla, down 68%.
