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France business failures: judicial reorganisation, raw

France business failures: judicial reorganisation, raw stood at 4,539 Number in Q2 2026, according to URSSAF – Union de recouvrement des cotisations de sécurité sociale et d'allocations familiales. It is one of the indicators in the Insolvency proceedings table (Value · Quarterly), with a complete series running from Q1 2004 to Q2 2026. The complete series with an interactive chart, free to download.

Source: URSSAF – Union de recouvrement des cotisations de sécurité sociale et d'allocations familialesLast updated: Curated by Bui Thanh Phuc
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This indicator in the Insolvency proceedings table

IndicatorQ2-2026Q1-2026Q4-2025Q3-2025Q2-2025Q1-2025Q4-2024Q3-2024Q2-2024Q1-2024
Judicial reorganisation, raw4,5394,5764,8283,6114,1674,2834,4333,5204,0654,086
Safeguard, seasonally adjusted259291314287246291259284325277
Safeguard, raw260287354253247288292250324275

Understanding france business failures: judicial reorganisation, raw

Raw judicial reorganisations record the unadjusted quarterly tally of formal rescue proceedings initiated for private employers under court supervision. This count encompasses enterprises facing severe financial difficulty that have entered restructuring phases to negotiate debt settlements and preserve commercial viability, prior to any terminal winding up. Unlike its seasonally adjusted counterpart, this measure preserves all natural calendar variations, including shifting holiday schedules, court vacation periods, and administrative processing windows. Sibling raw series capture alternative insolvency statuses, allowing users to examine the unadjusted breakdown of safeguards and liquidations.

Interpreting raw reorganisation data requires factoring in the operational calendar of the judicial system, as court closures and working-day discrepancies heavily influence quarterly outcomes. Analysts should avoid comparing adjacent quarters directly without considering these recurring calendar patterns. Evaluating the same period across multiple years provides a more reliable perspective on restructuring activity, while consulting the adjusted sibling series helps filter out routine administrative timing effects.

Frequently asked questions

What does the raw reorganisation measure include?
It counts every formal court-ordered rescue procedure initiated during the quarter without any statistical smoothing.
Why do raw counts fluctuate across quarters independently of economic conditions?
Variations in working days, legal holidays, and tribunal operational schedules directly impact the timing of recorded court decisions.
How should analysts evaluate changes in raw reorganisation figures?
Year-on-year comparisons of the same quarter or referencing the adjusted series are recommended to avoid misleading calendar interpretations.

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