Week 3

Activity across the Swiss commercial register continued its post-holiday acceleration in W03, with 8,020 publications processed — up 50% from W02. New registrations climbed to 1,199 (+53.5% WoW), confirming that the January formation wave is now in full swing as entrepreneurs incorporate entities ahead of the new fiscal year.

The bankruptcy count jumped sharply to 141, up from just 26 in W02. While the headline figure looks alarming, this reflects the clearing of cases queued during the holiday court recess rather than a structural spike. Building & Infrastructure and Technology & Software dominate the filings. Board changes rose 48.7% to 2,489 as annual governance reshuffles continue, with Business Services and Financial Services accounting for most turnover.

On the deal front, four mergers were recorded, led by Tornos SA's absorption of Almac S.A. (CHF 74.4M in assets) — a consolidation play in Jura's precision machining corridor. Succession signals rose to 54, with notable board departures in the HVAC and building services niche suggesting generational transitions are accelerating in western Switzerland's construction sector.