Week 21: 85 bankruptcies

28/05/2020 12:00

In week 21 (working week 18 to 22 May inclusive), 85 companies and institutions including sole proprietorships were declared bankrupt, as reported by Statistics Netherlands (CBS). This is 7 fewer than in week 20. In the first 21 weeks of 2020, altogether 1,575 bankruptcies were pronounced among companies and institutions in the Netherlands. This is 60 more than in the same period in 2019. As of 2019, the trend has been slightly upward.

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.

Not including sole proprietorships, there were 69 bankruptcies in week 21. This is 4 down on the previous week. In addition, 16 sole proprietorships were declared bankrupt, 3 fewer than in the previous week.

Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly
	Week	Bankruptcies
2019	1	17
2019	2	74
2019	3	69
2019	4	82
2019	5	87
2019	6	71
2019	7	84
2019	8	64
2019	9	83
2019	10	74
2019	11	63
2019	12	85
2019	13	80
2019	14	85
2019	15	81
2019	16	88
2019	17	64
2019	18	58
2019	19	72
2019	20	56
2019	21	78
2019	22	83
2019	23	59
2019	24	64
2019	25	81
2019	26	78
2019	27	75
2019	28	74
2019	29	76
2019	30	64
2019	31	70
2019	32	67
2019	33	78
2019	34	74
2019	35	65
2019	36	49
2019	37	87
2019	38	93
2019	39	69
2019	40	64
2019	41	74
2019	42	69
2019	43	45
2019	44	95
2019	45	74
2019	46	84
2019	47	78
2019	48	79
2019	49	81
2019	50	71
2019	51	96
2019	52	54
2020	1	25
2020	2	72
2020	3	70
2020	4	73
2020	5	82
2020	6	67
2020	7	114
2020	8	73
2020	9	68
2020	10	80
2020	11	76
2020	12	68
2020	13	47
2020	14	74
2020	15	97
2020	16	65
2020	17	112
2020	18	79
2020	19	56
2020	20	92
2020	21	85

Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly
	Week	Bankruptcies
2019	1	17
2019	2	74
2019	3	69
2019	4	82
2019	5	87
2019	6	71
2019	7	84
2019	8	64
2019	9	83
2019	10	74
2019	11	63
2019	12	85
2019	13	80
2019	14	85
2019	15	81
2019	16	88
2019	17	64
2019	18	58
2019	19	72
2019	20	56
2019	21	78
2019	22	83
2019	23	59
2019	24	64
2019	25	81
2019	26	78
2019	27	75
2019	28	74
2019	29	76
2019	30	64
2019	31	70
2019	32	67
2019	33	78
2019	34	74
2019	35	65
2019	36	49
2019	37	87
2019	38	93
2019	39	69
2019	40	64
2019	41	74
2019	42	69
2019	43	45
2019	44	95
2019	45	74
2019	46	84
2019	47	78
2019	48	79
2019	49	81
2019	50	71
2019	51	96
2019	52	54
2020	1	25
2020	2	72
2020	3	70
2020	4	73
2020	5	82
2020	6	67
2020	7	114
2020	8	73
2020	9	68
2020	10	80
2020	11	76
2020	12	68
2020	13	47
2020	14	74
2020	15	97
2020	16	65
2020	17	112
2020	18	79
2020	19	56
2020	20	92
2020	21	85

Most bankruptcies recorded in construction sector

Of all sectors, the construction sector recorded the highest number of bankruptcies, namely 13. This is 3 fewer than in week 20. Five of the 13 bankruptcies in construction were sole proprietorships. In addition, 9 bankruptcies were recorded in retail trade, 3 more than in the previous week. Specialised business services (e.g. legal services, architectural firms and advertising agencies) recorded 8 bankruptcies, twice as many as in week 20. In all sectors mentioned, higher weekly totals were recorded earlier this year.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 21	Week 20
Construction	13	16
Retail	9	6
Specialised business services	8	4
Wholesale	7	9
Financial services	6	9
Employment activities	6	4
Manufacturing	5	4
Accommodation services	4	2
Food and beverage services	4	14
Transport and storage	3	3
Information and communication	3	2
Real estate activities	3	5
Other service activities	3	2
Arts, entertainment and recreation	2	2
Education	1	1

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 21	Week 20
Construction	13	16
Retail	9	6
Specialised business services	8	4
Wholesale	7	9
Financial services	6	9
Employment activities	6	4
Manufacturing	5	4
Accommodation services	4	2
Food and beverage services	4	14
Transport and storage	3	3
Information and communication	3	2
Real estate activities	3	5
Other service activities	3	2
Arts, entertainment and recreation	2	2
Education	1	1

Several weeks may elapse 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.

Sources

StatLine - Bankruptcies, adjusted for court session days

Most bankruptcies recorded in construction sector

Sources

Related items