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 26 fewer bankruptcies in February than January. This is a decrease of 7 percent. However, there has been an upward trend in the number of bankruptcies for nearly two years. In the first two months of 2024, over 40 percent more businesses were declared bankrupt than in the same period one year previously.

Number of bankruptcies rising

The number of corporate bankruptcies (adjusted for court session days) fluctuates significantly. The number peaked in May 2013 (at 911). It subsequently continued to decline until August 2017, after which it remained fairly stable until mid-2020. It then declined once again, reaching a record low of 109 in August 2021. Since May 2022, the number of bankruptcies has been consistently higher than one year previously.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, a total of 320 businesses and institutions (including sole proprietorships) were declared bankrupt in February. The trade sector had the highest number of bankruptcies, at 65. That was 19 percent fewer than in January.

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

Sources

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