More bankruptcies in June

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Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 37 more bankruptcies in June 2024 than in May. That was an increase of 11 percent. In the first half of 2024, 40 percent more businesses were declared bankrupt than one year previously. The number of bankruptcies was also higher than in the same period of the last three years before the coronavirus pandemic (2017-2019).

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 construction sector

If the number of court session days is not taken into account, a total of 349 businesses and institutions (including sole proprietorships) were declared bankrupt in June. The construction sector had the highest number of bankruptcies at 54, up 29 percent from May.

The construction sector is one of the sectors with the largest number of businesses. In relative terms, the most bankruptcies in June were declared in the accommodation and food services sector.

Sources

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