More bankruptcies in March

11/04/2017 15:00
According to Statistics Netherlands (CBS), the number of company bankruptcies has risen marginally. In March 2017, the number of bankruptcies was 11 up from the preceding month. Most bankruptcies were recorded in the trade sector.

Downward trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013 and then started to decline until August 2016, when it reached its lowest level since May 2013. Subsequently, the number of bankruptcies rose again until December. Since then, the trend has been downward.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 293 businesses and institutions (excluding one-man businesses) were declared bankrupt in March 2017. With a total of 60, the trade sector took the hardest hit. In the sector financial institutions and the construction sector 40 bankruptcies were filed.

Trade and financial services are among the sectors with the highest number of businesses. Proportionally, the number of bankruptcies was high in the sector hotels and restaurants in March.

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

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