Considerable increase number of bankruptcies

08/12/2016 15:00
The number of bankruptcies rose substantially in November, by 106 relative to October. This rise is largely due to the bankruptcy of one particular company existing of dozens of entities, all of which were declared bankrupt separately. In October, the number of bankruptcies remained more or less at the same level. Statistics Netherlands (CBS) reports that most bankruptcies in November were filed in the financial services sector.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), corrected for court session days

Erratic trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013 and subsequently started to decline during a period which lasted until September 2015. This was followed by a period of ups and downs. In August 2016, the number of bankruptcies reached the lowest level since August 2008. After that, the trend is unclear. Despite the increase in November, the number of bankruptcies in the first eleven months of 2016 is down by nearly one-fifth compared to the same period last year.

Most bankruptcies recorded in financial services sector

If the number of court session days is not taken into account, 461 businesses and institutions (excluding one-man businesses) were declared bankrupt in November 2016. With a total of 117 the financial services sector was hit the hardest. In the trade sector, 76 bankruptcies were filed.

Number of bankruptcies of businesses and institutions (excluding one-man businesses) by sector

Trade and financial services are among the sectors with the highest number of businesses. In November, the number of bankruptcies was relatively high in the sector transport and storage.

The numbers in this publication are provisional and can be adjusted.


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