SIGNALS / CREDIT
German corporate-insolvency index · from the official federal insolvency register Leading indicator · recession & credit-distress signal Updated daily · by region · sector · entity type Aggregated counts & rates · corporate entities only · no personal data For · macro & credit funds · trade-credit insurers · supply-chain-risk teams German corporate-insolvency index · from the official federal insolvency register Leading indicator · recession & credit-distress signal Updated daily · by region · sector · entity type
Signal / Macro & Credit

German corporate insolvency, in real time

A real-time German corporate-insolvency index built from the official federal insolvency register — a leading recession and credit-distress indicator. Updated daily, broken out by region, sector and entity type, with multi-year history. Delivered as aggregated counts and rates — corporate entities only, no personal data.

de_corp_insolvency_index.csv
date: "2026-08-05" region: "DE-BY" // Bavaria sector: "construction" entity_type: "GmbH" new_filings_7d: 184 filings_yoy: +21.4% insolvency_rate: 0.00312 // per active co. index_level: 137.6 // base=100 corporate_only: true consumer_excluded: true updated_at: "2026-08-05T06:00Z"
Who It's For

A macro signal, not a single stock

Corporate insolvency is one of the cleanest leading reads on the credit cycle: filings turn up before defaults show in the data and before a downturn is confirmed. This is a macro / credit product — built for desks that trade the cycle and price default risk. It also reads specific supply chains: a rise in filings among a platform's merchant or vendor base (Delivery Hero-type networks) is an early tell on that ecosystem's health.

Macro & Credit Funds Trade the cycle

A daily, granular recession and credit-distress indicator for Europe's largest economy. Front-runs official quarterly insolvency statistics and reads the direction of the German — and by extension euro-area — credit cycle.

Trade-Credit Insurers Price default risk

Sector- and region-level insolvency rates and velocity feed exposure models and portfolio monitoring. Spot deterioration in a segment weeks before it flows through to claims.

Supply-Chain Risk Watch the network

Match filings to firmographics to monitor vendor, supplier and merchant bases — including platform ecosystems like Delivery Hero-type supply chains — and get an early warning when a counterparty or a cluster starts failing.

The Signal

One index, fully dimensioned

A single real-time corporate-insolvency index, sourced from the official federal insolvency register and delivered along every dimension a credit desk needs — with company financials and firmographics available for matching.

01

Real-time German corporate-insolvency index

Built from the official federal insolvency register — the authoritative public record of insolvency proceedings in Germany. We ingest new filings continuously and publish an index of corporate-insolvency activity, updated daily. It leads official quarterly insolvency statistics and, historically, turns ahead of the broader recession call — a genuine leading indicator of credit distress.

Federal insolvency registerDaily updatesLeading indicatorCounts + rates + index level
02

Cut by region, sector & entity type

Every filing is classified so the index can be sliced by region (federal state / district), sector (industry), and entity type (GmbH, AG, UG, sole-trader company, etc.). Delivered as new-filing counts, year-over-year change, and an insolvency rate per active company — so you can isolate exactly where distress is concentrating.

By regionBy sectorBy entity typeCounts · YoY · rate
03

Company financials & firmographics for matching

Paired with German company financials and firmographics — legal entity, sector code, size band, region, published financial indicators — so filings can be matched to a counterparty list, a portfolio, or a supply-chain / vendor base. Enables named-exposure monitoring on top of the aggregate index, at the entity level, for corporate entities.

FirmographicsCompany financialsSector / size / regionPortfolio matching
Coverage

Nationwide, daily, multi-year

Full national coverage of the corporate segment of the federal register, refreshed every business day, with a deep point-in-time back-history for calibration and backtesting.

Update cadence
Daily
new filings ingested continuously, index republished each business day
Dimensions
Region · Sector · Type
federal state / district × industry × entity type
History
Multi-yr
point-in-time back-history for calibration & backtest
Scope
Corporate
corporate entities only — consumer filings excluded
Methodology

How it's built & delivered

Proprietary, continuously-collected, point-in-time data sourced from the official federal insolvency register. Aggregated to counts and rates, delivered daily — with a hard line drawn around personal data.

Point-in-time

No look-ahead

Each day's index reflects exactly the filings on record as of that date. The back-history is point-in-time, so backtests never see filings before they were public.

Aggregated

Counts & rates

The index product is delivered as aggregated new-filing counts, year-over-year change, insolvency rates and an index level per region / sector / entity-type cell.

No personal data

Corporate only

Corporate entities only. Consumer / personal insolvency filings are excluded entirely — no individuals, no household filings. The aggregate carries no personal data.

Matchable

Entity-level firmographics

Company financials and firmographics are provided for corporate entities so filings can be matched to portfolios and supply chains — at the company, never the person, level.

Example Metric

Monthly corporate-insolvency index by sector / region

An illustrative slice — the monthly corporate-insolvency index for one sector across regions, with YoY change and rate. Values shown are representative, not live. Request a sample for the full daily schema and the cuts you need.

# de_corp_insolvency_index.csv — sector=construction · monthly rollup · corporate only
month     region  new_filings  filings_yoy  insol_rate  index_level
2026-04   DE-BY   712          +14.8%       0.00281     124.9
2026-05   DE-BY   741          +17.2%       0.00293     130.2
2026-06   DE-BY   769          +19.1%       0.00304     134.1
2026-07   DE-BY   803          +21.4%       0.00312     137.6
2026-07   DE-NW   1,041        +18.6%       0.00298     133.0
2026-07   DE-BW   655          +12.9%       0.00271     121.7
# insol_rate = new corporate filings / active companies in cell; index_level base=100 (trailing-year mean)
# consumer / personal filings excluded — corporate entities only, no personal data
  

See the credit cycle turn
before the print.

A daily, point-in-time German corporate-insolvency index — by region, sector and entity type, corporate only, no personal data. Request a sample slice and the back-history for your backtest.

Request a Sample