España closed the 2025 fiscal year with the establishment of 128.193 companiesThis represents a 7% increase compared to the previous year and the highest figure recorded since 2007. According to the Study on Business Demographics de INFORMA D&BAlthough the growth in the number of new registrations is positive, capital investment for these operations decreased by 1%, settling at 5.871 billion euros.
A historic year-end driven by the real estate sector
The data provided by INFORMA D&B (subsidiary of CesceThese figures reveal a consolidated growth trend. In December alone, 12.091 new registrations were recorded, 18% more than in the same month of 2024, making it the second-best month of the year after May. Nathalie Gianese, the firm's Director of Studies, points out that "The 128.000 companies created in 2025 mark the highest figure since 2007 and represent the third consecutive year of growth.".
Regarding the structure of these new companies, the sole administrator system remains predominant, although female presence In boards of directors, the percentage remains stagnant at 23,5%. By sector, Construction and real estate activities It stands as the main engine, contributing one in four new companies (26% of the total) and leading absolute growth with 3.648 more incorporations than the previous year.
Key data on incorporation and investment in 2025
| Indicator | 2025 digit | Variation vs 2024 |
|---|---|---|
| Total Companies Created | 128.193 | + 7% |
| Total Capital Investment | €5.871 Million | 1 % OFF |
| Creations in December | 12.091 | + 18% |
| Investment in December | €771 Million | + 52% |
Madrid and Catalonia concentrate the activity, but the Basque Country stands out in investment
Geographic analysis shows a strong concentration in traditional economic axes. Madrid It leads the national ranking with 28.605 creations (22% of the total), followed very closely by Cataluña with 25.068 and Andalucía with 21.459. These three communities exceed the 20.000 new companies mark, showing increases of 4%, 8% and 6% respectively.
However, when analyzing the invested capital, the map changes. Andalucía It leads the cumulative investment with €1.178 billion. The performance of [the following] stands out notably. País Vasco, which records the largest annual increase in investment by adding an extra 447 million euros, concentrating 36% of the monthly total in December.
Regional distribution of new businesses
| Autonomous community | New Businesses | Evolution |
|---|---|---|
| Madrid | 28.605 | Volume leader |
| Cataluña | 25.068 | Largest absolute increase (+1.904) |
| Andalucía | 21.459 | Leader in invested capital |
| Cantabria | Only region that declines (-21) |
Sectors: Financial boom versus technological decline
While construction drives volume, capital takes refuge in the Financial intermediationThis sector accounted for 40% of the annual investment (€2.341 billion). Among the year's most notable transactions were:
- Pascual Sánchez-Gijón SL: 410 million euros.
- Sellers Assets Company SL: 78 million euros.
- Alfuini SL: 75 million euros.
On the opposite side, the activities of High technology They showed signs of weakness. 5.271 technology companies were established (19% fewer than in 2024) and the capital allocated to them plummeted by 33%, settling at just 78 million euros.
Key points and frequently asked questions about starting a business in 2025
Which sectors have driven business creation this year?
The sector Construction and real estate activities It has been the main driver, representing 26% of all new business formations (33.344 companies) and registering the highest absolute growth. It is followed by Trade and Business Services.
What has been the trend in capital investment?
Despite the increase in the number of companies, total investment fell by 1% year-on-year, reaching €5.871 billion. However, December saw a significant 53% increase in investment compared to the previous month.
Which autonomous communities are leading the way in entrepreneurship?
Madrid It leads in the number of new companies (28.605), while Cataluña It registers the greatest numerical growth. Meanwhile, Andalucía It is positioned as the region with the most capital invested in 2025.
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