In 2025, FiinGroup statistics recorded an increase in business closure rates across all three size categories. Micro-enterprises saw the highest closure rate at approximately 22.7%, followed by small and medium-sized enterprises (SMEs) at 12.7%, and large enterprises at 4.9%.
While closure rates rose sharply in 2025, the rate of new market entries or business reactivations decreased across all categories. This development indicates a more pronounced market filtering process, in which small-scale enterprises face the most intense pressure.
Trade, manufacturing, and construction are the three sectors with the highest concentration of SMEs. Among these, manufacturing and construction maintained a relatively positive risk profile compared to other industries, with a closure rate of about 13% and a median FiinScore above 550.
In contrast, the real estate and hospitality (accommodation and food services) sectors recorded the highest closure rates at 24% and 23.5%, respectively. The real estate sector, in particular, reported a median FiinScore below 500, signaling a high-risk level that warrants special attention from stakeholders.
SMEs’ contribution remains limited
According to FiinGroup’s classification, although SMEs account for about 94% of the total number of businesses nationwide, their contribution to the overall economy remains limited, with revenue accounting for less than 20% and total import-export turnover at approximately 8%.
Figures compiled by FiinGroup also reveal that the rate of SMEs accessing bank loans is remarkably low, at only about 8.8%—a 0.5% decrease compared to 2025 levels. In contrast, the corresponding figure for large enterprises stands at 47.1%. This highlights a significant gap in financial access for SMEs, which directly impacts their ability to maintain continuous operations and achieve growth.
By 2026, the number of businesses that successfully scaled up reached nearly 43,000, an increase over 2025 and higher than the level recorded in 2023. This trend was primarily driven by micro-enterprises transitioning into the small and medium-sized category, with the transition rate increasing from 7.5% to approximately 9.0% year-on-year.
However, the rate of micro, small, and medium enterprises moving into the large enterprise group has remained stagnant at just 0.7% to 0.9% over the years. This modest level of maturity suggests a continued need for support for the SME sector in terms of capital, governance, technology, and market access.
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