Slightly fewer bankruptcies in March

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© Hollandse Hoogte / Peter Hilz
Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 8 fewer bankruptcies in March than in February. This is a decrease of 2 percent. However, there has been an upward trend in the number of bankruptcies for nearly two years. In the first three months of 2024, over 46 percent more businesses were declared bankrupt than one year previously.

Number of bankruptcies rising

The number of corporate bankruptcies adjusted for court session days fluctuates significantly. The number peaked at 911 in May 2013. 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 year on year.

Most bankruptcies recorded in the trade sector

If the number of court session days is not taken into account, a total of 312 businesses and institutions (including sole proprietorships) were declared bankrupt in March. The trade sector had the highest number of bankruptcies at 57; 12 percent down from February.

Trade is among the sectors with the largest number of businesses. In relative terms, the largest number of bankruptcies in March were declared in the transport and storage sector.

Sources

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