64 bankruptcies in week 28

16/07/2020 12:00

In week 28 (6 to 12 July inclusive), 64 companies and institutions including sole proprietorships were declared bankrupt, as reported by Statistics Netherlands (CBS). This is 1 less than in week 27. In the first 28 weeks of 2020, altogether 2,033 bankruptcies were pronounced among companies and institutions in the Netherlands. This is 4 more than in the same period in 2019.

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 56 bankruptcies in week 28. This is 2 up on the previous week. In addition, 8 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	80
2020	19	57
2020	20	92
2020	21	85
2020	22	79
2020	23	71
2020	24	60
2020	25	86
2020	26	31
2020	27	65
2020	28	64

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	80
2020	19	57
2020	20	92
2020	21	85
2020	22	79
2020	23	71
2020	24	60
2020	25	86
2020	26	31
2020	27	65
2020	28	64

Most bankruptcies recorded in financial services

Of all sectors, the financial services sector recorded the highest number of bankruptcies, namely 11. This is 4 more than in week 27. Furthermore, 9 companies were declared bankrupt in the retail sector and 7 in the wholesale sector. This is 1 and 4 up on week 27, respectively.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 28	Week 27
Financial services	11	7
Retail	9	8
Wholesale	7	3
Specialised business services	6	3
Construction	5	9
Transportation and storage	5	5
Manufacturing	4	5
Food and beverage services	3	7
Culture, sports and recreation	3	3
Retail trade and repair of motor vehicles and motorcycles	2	2
Employment activities	2	0
Information and communication	1	4
Education	1	1
Care	1	1

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 28	Week 27
Financial services	11	7
Retail	9	8
Wholesale	7	3
Specialised business services	6	3
Construction	5	9
Transportation and storage	5	5
Manufacturing	4	5
Food and beverage services	3	7
Culture, sports and recreation	3	3
Retail trade and repair of motor vehicles and motorcycles	2	2
Employment activities	2	0
Information and communication	1	4
Education	1	1
Care	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.