Publication date
In the first eight months of 2026, 4,054 insolvency proceedings and 21,049 dissolutions were recorded in Spain, according to data on Insolvency proceedings and dissolutions compiled by INFORMA. These figures represent a 5.5% decline in insolvency proceedings and an 11% increase in dissolutions compared with the same period in 2025.
Of the total insolvency proceedings recorded up to August, 74% correspond to insolvency filings, 2,993, down 4% year over year. Restructuring plans account for nearly 3% of the total, reaching 128, down 28%. A total of 933 special procedures for micro-enterprises were recorded, a 7% reduction, representing 23%.
Nathalie Gianese, Director of Research at Informa D&B, states: “In August, 50 insolvency filings were recorded, an exceptionally low figure even for a holiday period; since 2007, only a lower figure has been recorded, in April 2020, coinciding with the crisis triggered by Covid19”.
The number of insolvency filings in August fell 89% from the previous month, dropping from 448 in July to 50, and was 42.5% below the same month last year. Excluding April 2020, at the height of the Covid 19 crisis, no lower figure has been recorded since 2007. In addition, no restructuring plan was initiated in August, compared with 10 in July and 7 in August 2025, and 20 special procedures for micro-enterprises were recorded, 86% fewer than in July and 23% below August last year.
Insolvency proceedings for the month totalled 70, down 88% from July, when they reached 602, and 42% below August 2025. Dissolutions this month fell 28% compared with July, to 1,515, and were down 3% compared with the same month in 2025.
The economic and social impact of August’s insolvency proceedings affected 803 workers and sales of nearly €81 million. In the case of the month’s dissolutions, the 1,515 affected companies had 6,537 employees and combined revenue of over €980 million.
In August, micro-enterprises accounted for the majority of insolvency filings initiated, at 68%, while small businesses represented 24% and medium-sized businesses 8%, with no large corporation affected this month.
Cumulative insolvency filings in 2026 fell in eight of the fifteen sectors analysed. The steepest declines were in Construction and Real Estate Activities, down 79, and Trade, down 65. Even so, Trade leads insolvency filings with 694, 23% of the total, followed by Construction and Real Estate Activities with 536, and Manufacturing with 432.
For restructuring plans, Manufacturing has led the figures since January with 45, followed by Business Services with 21. For special procedures for micro-enterprises, Trade totals 199, ahead of Construction and Real Estate Activities with 172, and Business Services with 126.
Looking at all insolvency proceedings recorded year to date, Trade accounts for 22.5% of the total, with 911, followed by Construction and Real Estate Activities with 728 (18%), and Manufacturing with 573 (14%). Education is the sector where proceedings have risen the most in these months, up 23.
In August, Trade led insolvency filings with 11, followed by Construction and Real Estate Activities and Manufacturing, both with 10. For special procedures for micro-enterprises, Construction and Real Estate Activities topped the monthly figures with 6, followed by Trade with 4 and Business Services with 3.
Dissolutions accumulated up to August are concentrated in Construction and Real Estate Activities, with 5,201, up 9%; Trade, with 4,018, up 13%; and Business Services, with 3,292, up 7%. Agriculture is the only sector to reduce its figures, down 25, while Trade posted the largest increase, adding 454 more dissolutions than in 2025. In August, the same sectors led dissolution figures, with 364 in Construction and Real Estate Activities, 282 in Business Services and 252 in Trade.
Catalonia is the region with the highest number of insolvency filings year to date, 31% of the total, with 917, down 6% compared with the same period in 2025, followed by Madrid with 448, virtually stable (-1%), and the Valencian Community with 381, down 5%.
For restructuring plans, Catalonia also ranks first, with 26, down 35%, followed by Madrid with 17, down 19%, and the Valencian Community with 14, a 22% decline. For special procedures for micro-enterprises, Madrid leads the cumulative total with 393, although down 15%, ahead of the Valencian Community with 174 and Catalonia with 100, both up 9%.
Insolvency proceedings accumulated up to August are mainly concentrated in Catalonia, with 1,043, and Madrid, with 858, although down 5% and 8% respectively. Together they account for 47% of the national total.
In August, Catalonia was the region with the most insolvency filings, with 22, followed by Madrid with 6 and the Valencian Community and Galicia, both with 5. Madrid led special procedures for micro-enterprises with 14, well ahead of the Valencian Community with 3 and Castile and León with 2. Catalonia therefore led the month’s insolvency proceedings figures, with 23, followed by Madrid with 20. Between them, they accounted for over 60% of the proceedings recorded this month.
For dissolutions, Madrid accounts for 26.5% of the cumulative total, with 5,572, adding 428 more than in 2025. Andalusia follows with 3,418, and then the Valencian Community with 2,498, up 16% in both cases. The most significant increase in absolute terms was recorded in Andalusia, which added 465 dissolutions. Figures fell in five regions in the cumulative total: Asturias (-2.5%), Extremadura (-0.4%), Balearic Islands (-1%), Basque Country (-3%) and Melilla (-69%). In August, dissolution proceedings reached 461 in Madrid, 212 in Andalusia and 190 in the Valencian Community.
