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 42 weeks of 2020, there were altogether 2,719 bankruptcies among companies and institutions in the Netherlands. This is 309 down on 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
2317281657
2417881721
2518741802
2619051880
2719701955
2820342029
2920912105
3021292169
3121812239
3222272306
3322882384
3423212458
3523702523
3624072572
3724532659
3825112752
3925742821

How many bankruptcies are registered each week?

In week 42 (12 to 18 October), altogether 46 companies and institutions (including sole proprietorships) were declared bankrupt. This is 6 fewer than in week 41.

Weekly bankruptcies, companies and institutions (incl. sole proprietorships)
Week20202019
12517
27274
37069
47382
58287
66771
711484
87364
96883
108074
117663
126885
134780
147485
159781
166588
1711264
188058
195772
209256
218578
227983
237259
246064
258681
263178
276575
286474
295776
303864
315270
324667
336178
343374
354965
363749
374687
385893
396369
4064
4174
4269
4345
4495
4574
4684
4778
4879
4981
5071
5196
5254

Which sector has seen the highest number of bankruptcies?

Of all sectors, construction recorded the highest number of bankruptcies, namely 8. This is 2 fewer than in the previous week. Furthermore, 6 companies were declared bankrupt in the specialised business services sector (including legal services providers, architectural offices and advertising agencies), 4 more than in the previous week. There were 5 bankruptcies in both manufacturing and in the financial services sector. This is 1 fewer in manufacturing and 3 fewer in financial services compared to week 41.

Bankruptcies by sector; companies and institutions (incl. sole proprietorships), 2020
 Week 39Week 38
Transport and storage142
Construction129
Wholesale trade55
Manufacturing46
Automotive trade and repair40
Food and beverage outlets44
Information and communication40
Specialised business services47
Retail trade312
(Temporary) employment services, HR21
Health care and welfare22
Energy supply10
Financial services13
Culture, sports and recreation12

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

In the first 42 weeks of 2020, there were altogether 240 bankruptcies in the accommodation and food services. In week 42, there were 2 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, cumulative, 2020
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
29198
30204
31208
32211
33216
34217
35220
36224
37225
38229
39233

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.

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