Number of bankruptcies up again

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The number of corporate bankruptcies has increased again, according to Statistics Netherlands (CBS). There were 13 more bankruptcies in November 2018 than in the previous month. In September, the number of bankruptcies reached the lowest level since 2001. However, the trend has been fairly flat for over a year.

Flat trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend until September 2017. Subsequently, the number of bankruptcies showed an irregular pattern with many ups and downs. The trend has been more or less flat for over a year. The number of bankruptcies reached the lowest level of this century in September 2018. In the past two months, however, the number increased again.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 263 businesses and institutions (excluding one-man businesses) were declared bankrupt in November 2018. With a total of 57, the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In November, the number of bankruptcies was relatively highest in the sector accommodation and food services.

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