Week 7

Activity moderated in W07 as the January registration wave receded. New registrations fell 11.4% to 1,231, while board changes dropped 7.9% to 2,112 — both trending toward a sustainable baseline. Liquidations, however, surged 34.7% to 353, the highest weekly count of 2026, as cantonal registrars processed year-end voluntary dissolutions that had been accumulating since December.

Bankruptcies held essentially flat at 179 (-2.2%), continuing the gradual normalization from W04's peak of 227. Construction remains the most affected sector, with Envon GmbH (est. 2024, Zurich) and ARTI GROUP CONSTRUCTIONS (est. 2021, Geneva) both filing — a reminder that the barrier to entry in Swiss construction is low, but survival past the first three years remains challenging.

The week's headline deal was UBS Switzerland AG's CHF 4.3 billion asset transfer from UBS AG — a continuation of the post-Credit Suisse integration, moving domestic banking assets into the Swiss legal entity. In the real economy, Pratica Holding AG's absorption of Hasler + Co AG Oerlikon (CHF 4.9M in assets) signals consolidation in Zurich's industrial services sector. Hatebur Umformmaschinen AG's board departure in Reinach (BL) adds another succession signal in the machinery belt straddling Basel-Landschaft.