Fewer bankruptcies in October

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© Hollandse Hoogte / Peter Hilz
Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 41 fewer bankruptcies in October 2024 than in September. That was a decrease of 11 percent. Although the number of bankruptcies fell in October, there has been an upward trend in the number of bankruptcies for over two years. In the first ten months of 2024, approximately 35 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 the end of 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 372 businesses and institutions (including sole proprietorships) were declared bankrupt in October. The trade sector had the highest number of bankruptcies at 78, up 24 percent from September.

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

Sources

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