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 of businesses and institutions (including sole proprietorships) adjusted for court sessions days
YearWeekNumber of bankruptcies
2020July227
2020August195
2020September212
2020October190
2020November210
2020December174
2021January172
2021February143
2021March165
2021April193
2021May163
2021June139
2021July125
2021August109
2021September141
2021October126
2021November183
2021December159
2022January139
2022February182
2022March166
2022April119
2022May189
2022June164
2022July148
2022August148
2022September174
2022October219
2022November228
2022December269
2023January225
2023February274
2023March210
2023April236
2023May252
2023June298
2023July254
2023August265
2023September293
2023October285
2023November295
2023December385
2024January366
2024February340
2024March333
2024April354
2024May336
2024June373

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.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector
SectorJune 2024May 2024
Construction5442
Trade4863
Specialised business services4825
Accommodation and food services3724
Financial services3234
Manufacturing2931
Renting and other business services2016
Transportation and storage1928
Care1812
Information and communication117
Real estate activities1116
Other service activities96
Education61
Arts, sports and recreation410
Agriculture, forestry and fisheries21