More bankruptcies in November

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The number of corporate bankruptcies, adjusted for court session days, has increased. There were 57 more bankruptcies in November than in the previous month, according to Statistics Netherlands (CBS). However, the number of pronounced bankruptcies is still low compared to the period before the outbreak of the coronavirus crisis.

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. In November 2021, it did reach the highest level of the past twelve months.

Most bankruptcies recorded in trade

If the number of court session days is not taken into account, 183 businesses and institutions (excluding sole proprietorships) were declared bankrupt in November. With a total of 35, the trade sector suffered most. This is 19 more compared to October.

In November, the number of bankruptcies was relatively highest in the construction sector.

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

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