In 2025, 780 Ukrainian companies initiated court bankruptcy proceedings. The list of bankrupt entities included not only small and medium-sized businesses but also companies with annual revenues of up to UAH 7.7 billion, indicating structural financial pressure even on large operating businesses. This is evidenced by data from Opendatabot.
The largest bankruptcy of the year was Degs Holding, a company operating in the natural gas trading market. As of the end of 2024, its revenue exceeded UAH 7.7 billion, making this case indicative for the entire energy trading segment.
Second place in the bankruptcy ranking was taken by Pride Solutions Ukraine, with annual revenue of UAH 6.08 billion. Third was Opt-Systems (UAH 5.46 billion), a company specializing in the distillation, rectification, and blending of alcoholic beverages.
The TOP 10 largest bankruptcies of 2025 also included companies with revenues ranging from UAH 3.4 billion to UAH 5.1 billion, representing the industrial, pharmaceutical, trade, and gas sectors, in particular:
- Kryvyi Rih Iron Ore Plant (owner: Rinat Akhmetov) — UAH 3.44 billion
- Kyivmedpreparat (owner: Kostiantyn Zhevago) — UAH 3.57 billion
- VNP (owner: Oleksandr Polishchuk) — UAH 3.77 billion
- Premiori (owner: Leonid Hlynianyi) — UAH 4.01 billion
- Tradegazresurs (owner: Yurii Ivanov) — UAH 4.35 billion
- Trading Company “West Ukraine” (owner: Fatima Shukhrativna Ahmadzoda) — UAH 5.07 billion
- Incher (owner: Iryna Chernyshova) — UAH 5.12 billion
From a sectoral perspective, wholesale trade accounted for the highest number of bankruptcies in 2025, with 266 companies, making it the most vulnerable sector to declining liquidity, logistical constraints, and debt pressure.
Agriculture ranked second with 71 bankruptcies, followed by real estate operations (53), construction (48), and retail trade (38).
By legal form, 84% of all bankrupt companies were limited liability companies, reflecting the structure of Ukraine’s corporate sector.
Only 48 companies (less than 1% of the total) attempted to preserve operational activity through rehabilitation procedures. At the same time, a new debt management instrument began to emerge in 2025 — preventive restructuring: eight such cases were recorded across six companies.
According to Opendatabot, the average life cycle of a limited liability company in Ukraine is 8.5 years, with enterprises in the education and healthcare sectors remaining the most resilient.
