DE EN

HDH Group Research

News

The findings of our reports in brief: what is changing in Germany's corporations, in figures we calculate ourselves on the complete population.

Locations

Pullach: more than four in ten companies are holding companies

One in five new incorporations in Germany is now a holding company. In the strongholds near Munich and Berlin, management usually lives elsewhere.

 Incorporations

One in thirty new corporations focuses on artificial intelligence

Defence, drones and battery storage are also experiencing waves of incorporation. For crypto assets and cannabis, a large part of the new companies is already out of business.

 Energy

One in five German inverter companies is managed from China

For the control technology of solar installations, the share is about fifty times the average. The battery storage trade is also more than one fifth managed from China, while grids and supply are managed almost exclusively from Germany.

 Economy

One in twenty German corporations is managed from abroad

Since the start of the war, hardly any companies with management in Russia have been formed. Half of the companies managed from Turkey, by contrast, were only incorporated since February 2022.

 Insolvencies

Insolvencies of corporations up 23.5 percent within a year

Hospitality carries the highest rate, entrepreneurial companies record the sharpest increase. Companies with registered power of attorney and a management of several people are affected far less often.

 Healthcare

Healthcare three times as strongly bound into groups as the rest of the economy

One in six medical care centres is contractually bound to a parent company. Inpatient care experienced its wave of insolvencies in 2023, hospitals have recorded more cases since the beginning of 2026.

 Real estate

Interest rate turnaround: incorporations of property developers down by almost two thirds

The insolvency rate of property developers has more than tripled since 2021. Property management firms are growing against the trend.

 Energy

After the solar boom: insolvency rate of solar businesses almost three times the average

The incorporation wave of 2022 and 2023 is followed by a shake out. Operators of solar installations remain stable, installation and trade come under pressure.

 Succession

97,481 corporations without discernible succession in management

In one in ten German corporations, the entire management is aged 65 or over. Almost none of these companies has a successor within the business.

For editors

The results may be used freely provided the source is acknowledged. Analyses by federal state, district or industry are available on request. How we work and how to reach us is set out on the page of the editorial team. New items also appear in the feed.