Number of bankruptcies in 2017 lowest of this century

Statistics Netherlands (CBS) reports that there were 15 more bankruptcies in December than in November 2017. The total number of businesses and institutions (excluding one-man businesses) filing for bankruptcy in 2017 was 3,290. This is the lowest annual figure since 2001.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), adjusted for court session days
 number
2014 J633
2014 F645
2014 M556
2014 A648
2014 M583
2014 J492
2014 J566
2014 A490
2014 S487
2014 O563
2014 N517
2014 D465
2015 J500
2015 F505
2015 M574
2015 A470
2015 M456
2015 J427
2015 J441
2015 A333
2015 S339
2015 O395
2015 N411
2015 D420
2016 J401
2016 F483
2016 M394
2016 A385
2016 M343
2016 J384
2016 J371
2016 A287
2016 S299
2016 O303
2016 N417
2016 D332
2017 J334
2017 F289
2017 M301
2017 A260
2017 M278
2017 J297
2017 J263
2017 A229
2017 S235
2017 O258
2017 N249
2017 D264

Downward trend

The number of bankruptcies shows an irregular pattern with many ups and downs. Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend, reaching its lowest level (since 2001) in August 2017; after that, ups and downs alternated. In December, the number of bankruptcies increased slightly.

Number of bankruptcies in 2017 down by 25 percent year-on-year

Over the entire year 2017, a total of 3,290 bankruptcies were pronounced. This represents a year-on-year decrease by 25 percent and is also the lowest number since the start of the 21st century. The number of bankruptcies peaked in 2013 at 8,376 and subsequently started a four-year decline by altogether nearly 61 percent, in line with economic growth in the Netherlands.

Number of bankruptcies of businesses and institutions (excluding one-man businesses)
 number
20013333
20024085
20035235
20045267
20055083
20064228
20073589
20083840
20096942
20106162
20116117
20127349
20138376
20146645
20155271
20164399
20173290

Sharpest decline in financial services sector

The number of bankruptcies was down across nearly all sectors. In absolute terms, the decline was largest in financial services; the total in that sector declined from 758 in 2016 to 487 in 2017, a drop of 36 percent.

Just as in previous years, most bankruptcies were pronounced in the trade sector last year. Altogether 693 companies went out of business including 345 wholesalers, 270 retailers and 78 car dealers. The trade sector therefore saw a considerable drop in the number of bankruptcies, namely by 259 (-27 percent). Furthermore, bankruptcies in the manufacturing industry fell substantially: from 334 to 245 (-27 percent as well).

Number of bankruptcies of businesses and institutions (excluding one-man businesses) by sector
 20172016
Trade693952
Financial services487758
Specialised business services396517
Construction327411
Manufacturing245334
Renting; other
business services
243270
Accommodation; food185208
Transport; storage160206
Care116174
Information;
communication
153151
Real estate activities92144
Culture; sports; recreation5674

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