Slightly more bankruptcies in April

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Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 20 more bankruptcies in April 2024 than in March. That was an increase of 6 percent. In the first four months of 2024, approximately 47 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 402 businesses and institutions (including sole proprietorships) were declared bankrupt in April. The trade sector had the highest number of bankruptcies at 72, up 24 percent from March.

The trade sector is one of the sectors with the largest number of businesses. In relative terms, the most bankruptcies in April were declared in the transport and storage sector.

Sources

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