Third week of April: 60 bankruptcies

23/04/2020 12:00

In week 16 (working week 13 to 17 April inclusive), 60 companies and institutions – excluding sole proprietorships – were declared bankrupt. This is 29 fewer than in the previous week (6 to 10 April inclusive). Furthermore, in week 16 there were 5 bankruptcies among sole proprietorships, 3 fewer than in the previous week. Statistics Netherlands (CBS) reports this today in its third weekly bankruptcy bulletin.

Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m.

In the first sixteen weeks of 2020, there were altogether 986 bankruptcies among companies and institutions in the Netherlands. This is 1 less bankruptcy than in the same period in 2019. Furthermore, 164 sole proprietorships were declared bankrupt in the first sixteen weeks of 2020, 36 fewer than in the same period in 2019.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships), weekly
	Week	Number of bankruptcies
2019	1	15
2019	2	65
2019	3	55
2019	4	68
2019	5	69
2019	6	57
2019	7	70
2019	8	46
2019	9	66
2019	10	62
2019	11	54
2019	12	74
2019	13	69
2019	14	74
2019	15	67
2019	16	76
2019	17	56
2019	18	49
2019	19	56
2019	20	48
2019	21	66
2019	22	75
2019	23	51
2019	24	58
2019	25	74
2019	26	70
2019	27	68
2019	28	66
2019	29	59
2019	30	59
2019	31	61
2019	32	54
2019	33	67
2019	34	66
2019	35	56
2019	36	42
2019	37	70
2019	38	78
2019	39	50
2019	40	55
2019	41	61
2019	42	61
2019	43	38
2019	44	84
2019	45	58
2019	46	73
2019	47	64
2019	48	71
2019	49	68
2019	50	61
2019	51	79
2019	52	43
2020	1	22
2020	2	60
2020	3	58
2020	4	63
2020	5	71
2020	6	46
2020	7	102
2020	8	56
2020	9	53
2020	10	73
2020	11	59
2020	12	60
2020	13	44
2020	14	69
2020	15	89
2020	16	60

Number of bankruptcies of businesses and institutions (excluding sole proprietorships), weekly
	Week	Number of bankruptcies
2019	1	15
2019	2	65
2019	3	55
2019	4	68
2019	5	69
2019	6	57
2019	7	70
2019	8	46
2019	9	66
2019	10	62
2019	11	54
2019	12	74
2019	13	69
2019	14	74
2019	15	67
2019	16	76
2019	17	56
2019	18	49
2019	19	56
2019	20	48
2019	21	66
2019	22	75
2019	23	51
2019	24	58
2019	25	74
2019	26	70
2019	27	68
2019	28	66
2019	29	59
2019	30	59
2019	31	61
2019	32	54
2019	33	67
2019	34	66
2019	35	56
2019	36	42
2019	37	70
2019	38	78
2019	39	50
2019	40	55
2019	41	61
2019	42	61
2019	43	38
2019	44	84
2019	45	58
2019	46	73
2019	47	64
2019	48	71
2019	49	68
2019	50	61
2019	51	79
2019	52	43
2020	1	22
2020	2	60
2020	3	58
2020	4	63
2020	5	71
2020	6	46
2020	7	102
2020	8	56
2020	9	53
2020	10	73
2020	11	59
2020	12	60
2020	13	44
2020	14	69
2020	15	89
2020	16	60

Most bankruptcies recorded in specialised business services

Altogether 65 companies and institutions including sole proprietorships were declared bankrupt in week 16. The most significantly affected sector was specialised business services (including legal services, architectural firms and advertising agencies) with 10 bankruptcies. In addition, in wholesale trade and retail trade, 9 and 8 companies respectively were declared bankrupt. The number of bankruptcies in these sectors were not particularly notable; all three sectors saw equally high or higher weekly totals earlier this year.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 16	Week 15
Specialised business services	10	16
Wholesale	9	16
Retail	8	6
Food and beverage services	7	9
Financial services	7	10
Construction	6	7
Transport and storage	2	7
Employment activities	2	0
Care	2	1
Hairdressers and beauty salons	2	2
Agriculture and fishing	1	0
Manufacturing	1	5
Repair of motor vehicles and motorcycles	1	0
Accommodation services	1	0

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 16	Week 15
Specialised business services	10	16
Wholesale	9	16
Retail	8	6
Food and beverage services	7	9
Financial services	7	10
Construction	6	7
Transport and storage	2	7
Employment activities	2	0
Care	2	1
Hairdressers and beauty salons	2	2
Agriculture and fishing	1	0
Manufacturing	1	5
Repair of motor vehicles and motorcycles	1	0
Accommodation services	1	0

Several weeks may pass between the date of filing for bankruptcy and the court decision. As of week 14, Dutch courts are granting a longer application period of at least four weeks in cases of a bankruptcy petition being made (i.e. by claimants), unless the procedures are deemed urgent. In addition, the Dutch government has established an emergency package for the economy and the job market in order to provide the proper support to Dutch businesses:

Figures published in this news release are provisional and subject to revision.

Most bankruptcies recorded in specialised business services

Related items