Are there more bankruptcies than last year?

Throughout the coronavirus crisis, CBS provides weekly updates of the developments in bankruptcies pronounced by Dutch courts. The weekly updates are scheduled for release on Thursdays at 12.00 p.m.

In the first 28 weeks of 2020, there were altogether 2,033 bankruptcies among companies and institutions in the Netherlands. This is 4 fewer than in the same period in 2019.

Weekly bankruptcies, companies and institutions (incl. sole proprietorships), cumulative
Week20202019
12517
29791
3167160
4240242
5322329
6389400
7503484
8576548
9644631
10724705
11800768
12868853
13915933
149891018
1510861099
1611511187
1712631251
1813431309
1914001381
2014921437
2115771515
2216561598
2317271657
2417871721
2518731802
2619041880
2719691955
2820332029

How many bankruptcies are registered each week?

In week 28 (6 to 12 July), altogether 64 companies and institutions (excl. single proprietor businesses) were declared bankrupt. This is 1 less than in week 27.

Weekly bankruptcies, companies and institutions (incl. sole proprietorships), cumulative
Week20202019
12517
27274
37069
47382
58287
66771
711484
87364
96883
108074
117663
126885
134780
147485
159781
166588
1711264
188058
195772
209256
218578
227983
237159
246064
258681
263178
276575
286474
2976
3064
3170
3267
3378
3474
3565
3649
3787
3893
3969
4064
4174
4269
4345
4495
4574
4684
4778
4879
4981
5071
5196
5254

Which sector has seen the highest number of bankruptcies?

The financial services sector had the highest number of bankruptcies among all sectors, namely 11. This is 4 more than in the preceding week. There were 9 bankruptcies in the retail trade sector, which is 1 more than in the previous week. In addition, there were 7 bankruptcies in wholesale trade, 4 more than in week 27.

Bankruptcies by sector; companies and institutions (incl. sole proprietorships), 2020
 Week 28Week 27
Financial services117
Retail trade98
Wholesale trade73
Specialistised business services63
Construction59
Transport and equipment55
Manufacturing45
Food and beverage services37
Culture, sports and recreation33
Automotive trade and repair22
(Temporary) employment services, HR20
Information and communication14
Education11
Care11

How many companies were declared bankrupt in accommodation and food services?

In the first 28 weeks of 2020, there were altogether 191 bankruptcies in the accommodation and food services. In week 28 there were 3 bankruptcies in this sector. The highest number of bankruptcies in accommodation and food services was in weeks 14 (30 March to 5 April) and 20 (11 to 17 May), namely 16 in both weeks.

Weekly bankruptcies in accommodation and food services, 2020, cumulative
weekCumulative number of bankruptcies
10
24
39
412
517
622
726
834
938
1046
1153
1257
1361
1477
1586
1694
17102
18110
19116
20132
21140
22147
23159
24167
25179
26179
27188
28191

Several weeks may pass between the date of filing for bankruptcy and the court decision. As of week 14, Dutch courts are granting a longer application period of at least four weeks in cases where a bankruptcy petition is made (by a claimant), unless in the event of immediate urgency. In addition, the Dutch government has established an emergency package for the economy and job market in order to provide the proper support to Dutch businesses.

The figures presented in this news release are provisional and can be adjusted.