Experian published the data from its Business Insolvency and Demography Radar, corresponding to the close of July 2026. The results show that company formation rose 10.9% in the first seven months, reaching 85,187 new registrations, versus 76,767 in the same period of the previous year. In July, 12,045 new companies were formed, up 10.1% from July 2025.
In sector-by-sector analysis, Construction is the sector with the highest number of incorporated companies so far this year, with 12,948 new entities, which translates into a cumulative year-to-date increase of more than 16% compared to the same period in 2025. In second place is Wholesale and Retail Trade and Repair of Motor Vehicles with 12,421 incorporations, a 0.6% less than in the same period last year. In third place is Real Estate Activities with 8,417 new companies formed, 3.9% less than in the first seven months of 2025.
From a regional perspective, Madrid remains the region that most strengthens its business fabric for another month, with 18,478 new companies, up 7.3% from the same period last year. In second place is Catalonia with 15,959 new businesses, up 7.3% from the first seven months of the previous year. And in third place is Andalusia with 13,639 new entities, up 6.5% from the same period in 2025.
Las disoluciones empresariales aumentan
In the first seven months of the year there is a 9.8% rise in business dissolutions, totaling 41,947 extinct companies compared to 38,188 in the same period of the previous year. In July this year, 4,508 companies were dissolved, up 15.7% versus July 2025.
The sectoral analysis shows that the sector with the most dissolutions is Wholesale and Retail Trade and Repair of Motor Vehicles with 8,318 dissolved companies, an 11.6% increase from the same period in 2025. It is followed by Construction with 6,130 dissolved companies, an 11.3% rise from the same period the previous year. In third place is Professional, Scientific and Technical Activities with 4,924 extinct companies, up 8.4% from the same period last year.
Geographically, Madrid is the region with the highest number of dissolutions year-to-date, totaling 10,252 extinct companies, up 7.7% from the same period last year. Catalonia follows with 6,244 dissolved companies, up 10.3% from the same period last year. In third place is Andalusia with 6,236 extinct companies, up 13.3% from the same period last year.
It is worth noting that the net balance (new companies created minus dissolved) in the first seven months of the year stands at 43,240 new firms strengthening the Spanish business fabric.
The rise in company formation suggests ongoing entrepreneurial activity across Spain, despite current economic pressures in some sectors. The strong activity in construction and real estate may reflect sustained investment and market demand, while the increase in dissolutions highlights that some organizations still face challenges related to operating costs, financing conditions, and competitive pressures. Taken together, these trends point to an active business environment, but with conditions that vary significantly by sector and region.
Decline in Insolvency Filings
In the first seven months of the year, insolvency filings declined 3.7%, totaling 3,787 cases, down from 3,934 in the same period last year. In July, 566 insolvency filings were recorded, representing a year-over-year change of 10.3%.
Data from Experian Spain’s Research Center indicate that the sector recording the highest number of insolvency filings is Wholesale and Retail Trade and Repair of Motor Vehicles with 859 filings, down 13.1% from the same period last year. In second place is Construction with 556 filings, which translates to a fall of 7.7%.
Geographically, Catalonia is the region with the most insolvency filings (926), down 10.1% from the same period last year. Madrid is in second place with 813 insolvency filings, down 3.1%. Valencia is last with 542 insolvency filings, with a slight increase of 0.1%.
