In the second quarter of 2025, registrations of market enterprises were 844, with a total of 738 new registrations of private limited companies during the period. For comparison purposes, there were 865 registrations of market enterprises in the second quarter of 2024. The most of new registrations were in Construction with a total of 142, which was a 5% decrease from the previous year’s second quarter.
There were 300 market enterprises made insolvent in the second quarter of 2025, which is a 74% increase from the previous year’s second quarter when they were 172. Thereof, 99 were for market enterprises that were active in 2024, i.e. they either had registered employees according to the official PAYE tax registry or turnover according to VAT reports. The number of insolvencies with prior activity increased by 8% in comparison with the second quarter of 2024.
There were 652 employees in 99 market enterprises that were active in 2024 and made insolvent in the second quarter of 2025. The highest prior employment was in Construction with a total of 388 and the second highest was in Tourism with a total of 96 employees.
In conjunction with this publication, a web table for registered enterprises and organisations by legal form and economic activity has been updated. It is worth emphasizing that the number of registered enterprises and organisations is not the equivalent to the number of active market enterprises.
About the data
The data on new registrations and insolvencies is collected according to the ISAT2008 industry classification system for business sections and special aggregates defined by Statistics Iceland. The number of insolvencies for the latest month are temporary estimates and are subject to change with increased information on insolvency registrations from judicial authorities.