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| Corporate bankruptcies in January increased by more than 27% year-on-year |
| Bratislava, 05.02.2026 |
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| In January, 28 businesses in Slovakia went bankrupt, which is an increase of more than 27% year-on-year. Compared to December last year, the number of bankruptcies decreased by 18%. The total liabilities of these companies to the state exceeded 5.86 million euros, according to data from the credit registry administrator, CRIF - Slovak Credit Bureau.
"They owe more than a million euros to the Social Insurance Agency, almost 160,000 euros to the VšZP. As usual, the highest amounts owed are recorded by taxpayers, totaling more than 4.6 million euros," explained CRIF's chief analyst Jana Marková.
The highest amount, namely 3.7 million euros, is owed to the state by the January bankruptcies of the company ao 24, previously known to the public under its original name Agro Ostrov. A company from eastern Slovakia that traded in grain and fertilizers controlled by businessman Ladislav Kuľko had sales of 30 million just five years ago.
Among the companies with the largest turnover was Timob Tel, a wholesaler of electronic and telecommunications equipment from Vranov nad Topľou. While in 2023 it achieved sales of more than six million euros, in 2024 it fell sharply below a million. The public was surprised by the bankruptcy of the Trenčín factory LES Slovakia, which was controlled by the Germans. It produced electrical cables and employed 50 to 99 employees.
Another shock, according to CRIF, was the collapse of the Trnava-based metalworking machine manufacturer Toma Trading, which boasted a history of over 60 years. In January, the well-known premium clothing manufacturer from Ružomberok, I-Legal Art, also went bankrupt. This family business has been operating on the market for almost 40 years, with much of its production going to Germany. According to the owners, they were driven down by high taxes, levies and cheap Asian competition.
A total of 28 limited liability companies went bankrupt. Five entities had one employee, two companies had two employees, and one had between three and four. Three companies reported an interval of five to nine. The collapse also affected six larger companies with ten to 99 employees. The number of employees was unknown for 11 entities.
From a geographical perspective, the Bratislava and Prešov regions dominated, with six bankruptcies declared. This was followed by the Žilina regions with four bankruptcies, and the Trnava and Banská Bystrica regions with three bankruptcies. The other three regions had two bankruptcies each.
The courts also approved one restructuring in January, namely the well-known Martinské printing house Neografia, which has over 80 years of history, is one of the largest in Slovakia and its majority owner is Matica slovenská. In 2024, its sales exceeded 31 million, and the total loss was more than four million euros. The company with approximately 400 employees is dealing with deep losses. It owes more than half a million euros to the Social Insurance Agency, which is the highest amount among January bankruptcies.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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