Fewer bankruptcies in January

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© Hollandse Hoogte / Peter Hilz
Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 24 fewer bankruptcies in January 2024 than in December 2023. This is a decrease of 6 percent. However, there has been an upward trend in the number of bankruptcies for nearly two years. In January 2024, over 60 percent more businesses were declared bankrupt than one year previously. This is an increase of 138 businesses.

Number of bankruptcies rising

The number of corporate bankruptcies (adjusted for court session days) fluctuates substantially, with rapidly alternating ups and downs. The number peaked in May 2013 (911). It subsequently continued to decline until August 2017 inclusive, after which it remained fairly stable until mid-2020. It then followed a downward trend again, reaching a record low of 109 in August 2021. Since May 2022, the number of bankruptcies has continuously been higher than one year previously.

Most bankruptcies recorded in trade

If the number of court session days is not taken into account, a total of 419 businesses and institutions (including sole proprietorships) were declared bankrupt in January. The trade sector had the highest number of bankruptcies, at 79. This is 10 percent fewer than in December.

Trade is among the sectors with the largest number of businesses. In January, relatively the largest number of bankruptcies were declared in the accommodation and food services sector.

Sources

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