Nacon Has Officially Filed for Insolvency

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On February 25th, video game publisher Nacon filed for bankruptcy protection after its main owner, Bigben Interactive, failed to make required payments on its loans. Nacon has asked a court to quickly begin the process of restructuring its finances.

Founded in February 1981, Nacon began publishing video games in 2002. The company also owns several game development studios, including Cyanide, creators of the Styx series, and Spiders, known for GreedFall. Nacon’s published games include the upcoming 2025 adventure title Hell Is Us, and two new RoboCop games that continue the story after the 1990 film RoboCop 2. Nacon collaborated with Polish developer Teyon on the 2023 first-person shooter RoboCop: Rogue City and its planned 2025 expansion, RoboCop: Rogue City – Unfinished Business.

Nacon Files for Insolvency Amid Creditor Woes

Video game publisher Nacon is facing serious financial difficulties, filing for insolvency nearly a year after releasing RoboCop: Rogue City – Unfinished Business. The company says this action followed a recent announcement from its major shareholder, Bigben Interactive, that it couldn’t repay its debts due to a sudden refusal from its lenders. Nacon needs to restructure its finances to stay afloat, but currently doesn’t have enough assets to cover its bills. The insolvency filing is a request for the court to allow a reorganization plan. While the court decides, Nacon has temporarily stopped trading its shares on the Euronext Paris stock market.

If the court approves Nacon’s request for restructuring, it would temporarily halt all debts for up to 18 months, giving the company time to develop a plan to pay them back and potentially avoid collapse. This process would also help protect Nacon’s employees and their jobs while the company negotiates with its creditors. Employee representatives were informed about Nacon’s financial difficulties on February 24th, before the news was made public. The court is expected to make a decision in early March, shortly before the release of Nacon’s new game, GreedFall 2: The Dying World.

Nacon Marches on Despite Financial Troubles

Image via Nacon

The recent financial difficulties and restructuring of Nacon happened during a challenging period for the video game industry. After the COVID-19 pandemic, many game companies have had to lay off employees, leaving a lot of developers without jobs. In July 2025, Microsoft cut over 9,000 positions, with several Xbox Game Studios teams particularly affected. Following Phil Spencer’s retirement and the appointment of Asha Sharma as the new CEO of Microsoft Gaming, Microsoft Gaming CCO Matt Booty confirmed that, despite the change in leadership, there are currently no plans for further layoffs at Xbox.

It’s important to understand that being insolvent and going bankrupt aren’t the same thing. However, if the court doesn’t approve Nacon’s request, the company could end up filing for bankruptcy due to its current financial difficulties. While partnerships have saved some companies from bankruptcy in the past – like Sony’s help with AMD after the PlayStation 4 became popular – Nacon’s future is still unclear. As of today, Nacon plans to hold a presentation called Nacon Connect on Wednesday, March 4th at 2:00 PM Eastern Time. With so many game studios under Nacon’s ownership, the outcome of these financial proceedings is uncertain, and it’s unclear if the company will be able to recover.

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2026-02-26 01:08