Despite the current difficult economic situation, the number of corporate insolvencies decreased last year – aid money is artificially keeping insolvent companies alive and thus creating so-called “zombie companies”. But, many companies do not yet have an overview of the threat lurking in their customer portfolio.
Creditreform assumes that 550,000 over-indebted companies could become zombie companies, and for 2021, even up to 800,000 are expected. The zombie companies will have an impact on the insolvency statistics at the latest after the regulations on short-time allowance expire: a currently still invisible wave of insolvencies is just rising, which will break eventually. In this expected flood of bankruptcies, some healthy companies are in danger of being dragged down into the depths, because sometimes suppliers or customers disappear quite unexpectedly. Depending on the industry or volume, the interdependencies are sometimes enormous, which can put entire industries in a precarious position.
A third of companies fear a threat from zombies