Resume af teksten:
Virksomhedsoprettelser i Frankrig steg med 12 pct. år for år i årets første otte måneder af 2026.
Væksten var højere end stigningen på 5,3 pct. i 2025 og blev drevet af informations- og kommunikationsteknologi.
Virksomhedskonkurser steg med 5,3 pct. fra januar til juli efter en stigning på 8 pct. i første kvartal.
Betalingsforsinkelser faldt til 12,3 dage i andet kvartal fra 14,1 dage året før.
Konkurser rammer især servicesektoren, mens de er faldet siden andet kvartal i bygge- og fremstillingsindustrien.
Andelen af misligholdte erhvervslån var stabil på 4,0 pct. i andet kvartal af 2026.
I byggesektoren nåede andelen af misligholdte lån 9,5 pct., det højeste niveau siden 2019.
Andelen af lån med forværret kreditkvalitet uden misligholdelse var stabil på 15,4 pct.
Konkursernes økonomiske vægt var 0,53, under toppen på 0,61 i første kvartal af 2025.
Fra BNP Paribas:
Business creations rose by 12% y/y over the first eight months of 2026 [1] . This is significantly higher than the 5.3% y/y growth recorded in 2025. This increase was driven by sectors linked to information and communication technologies.
Meanwhile, business bankruptcies rose by 5.3% y/y between January and July, according to data from the Banque de France (compared with the 3.6% y/y increase for the whole of 2025). The rise was more pronounced in the 1 st quarter (+8% y/y) before slowing down. This slowdown could persist, as, according to Altares, payment delays have fallen to an average of 12.3 days in the second quarter of 2026, compared with 14.1 days a year earlier (and 13.1 days for the European average).
Rising bankruptcies are more heavily affecting the services sector, which is also experiencing slightly stronger growth in business creations. This correlation is particularly noticeable in the retail sector, as business creations have risen by 13% since the start of 2026, while bankruptcies are up by 3%. In construction and manufacturing, business bankruptcies have been falling since the second quarter of 2026.
The average ratio of non-performing corporate loans has remained stable at a moderately high level for the past year (4.0% of total loans and advances in Q2 2026). In construction, where activity is more cyclical than in other sectors, the ratio of non-performing loans has reached its highest level since 2019, standing at 9.5%.
The proportion of loans that have deteriorated but are not yet non-performing (“Stage 2” according to IFRS 9 terminology) is stable , standing at 15.4% q/q, and remains below its all-time high (16.1%). This indicator, which helps to anticipate trends in non-performing loans, is relatively encouraging.
Despite a significant increase since 2021, the economic weight of bankruptcies remains, on average, below its peak in Q1 2025 (0.53 compared with 0.61, respectively). This indicator generally allows bankruptcies to be weighted based on the size of the businesses. However, the economic weight of bankrupted small businesses is at a historically high level (2.11).
Take a look at our EcoChart on trends in business creations and bankruptcies in France and the associated risks. It will be updated on a quarterly basis.
Kilde: BNP Paribas, https://economic-research.bnpparibas.com/html/en-US/France-double-digit-growth-business-creations-slowdown-rise-bankruptcies-stable-performing-loans-ratio-10/08/2026,53838
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