Fewer bankruptcies in October

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© Hollandse Hoogte / Peter Hilz
The number of corporate bankruptcies, adjusted for court session days, has decreased. There were 9 fewer bankruptcies in October than in the previous month, according to Statistics Netherlands (CBS). The number of pronounced bankruptcies remained at a historically low level.

Number of bankruptcies at consistently low level

The number of corporate bankruptcies (excluding sole proprietorships), adjusted for court session days, fluctuates significantly. Ups and downs alternate in rapid succession. The number of bankruptcies peaked in May 2013 (816); it subsequently declined continuously until August 2017 inclusive and then became fairly stable up until mid-2020. The trend has been downward again since then. In August 2021, the number of bankruptcies (on a monthly basis) reached its lowest level since January 1991. The number of bankruptcies was also low in the months that followed.

Most bankruptcies recorded in trade and construction

If the number of court session days is not taken into account, 104 businesses and institutions (excluding sole proprietorships) were declared bankrupt in October. With a total of 16 each, the trade and construction sectors suffered most. This is two more in construction and one fewer in trade compared to September

In October, the number of bankruptcies was relatively highest in the sector transportation and storage.

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

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