Slightly fewer bankruptcies in May

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Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 18 fewer bankruptcies in May than in April. That was a decrease of 5 percent. However, there has been an upward trend in the number of bankruptcies for over two years. In the first five months of 2024, over 40 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 316 businesses and institutions (including sole proprietorships) were declared bankrupt in May. The trade sector had the highest number of bankruptcies at 63, down 12 percent from April.

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

Sources

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