Number of bankruptcies in 2018 lowest of this century

© CBS / Nikki van Toorn
Statistics Netherlands (CBS) reports that there were 50 more bankruptcies in December than in November 2018. The total number of businesses and institutions (excluding one-man businesses) filing for bankruptcy in 2018 was 3,144. This is the lowest annual figure since 2001.

Trend unclear

Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend until September 2017, after which ups and downs alternated. In September 2018, the number of bankruptcies reached the lowest level since 2001. However, the number then increased for three consecutive months.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), adjusted for court sessions days
 number of bankrupties
2015 January500
2015 February505
2015 March574
2015 April470
2015 May456
2015 June427
2015 July441
2015 August333
2015 September339
2015 October395
2015 November411
2015 December420
2016 January401
2016 February483
2016 March394
2016 April385
2016 May343
2016 June384
2016 July371
2016 August287
2016 September299
2016 October303
2016 November417
2016 December332
2017 January336
2017 February292
2017 March304
2017 April263
2017 May281
2017 June300
2017 July266
2017 August231
2017 September237
2017 October261
2017 November251
2017 December269
2018 January274
2018 February233
2018 March267
2018 April267
2018 May260
2018 June249
2018 July252
2018 August258
2018 September225
2018 October265
2018 November278
2018 December328

Number of bankrupties in 2018 down by over 4 percent year-on-year

Over the entire year 2018, a total of 3,144 bankruptcies were pronounced. This represents a year-on-year decrease of 4.5 percent. The decline is considerably smaller than in the previous four years.

The number of bankruptcies peaked in 2013 at 8,376 and subsequently dropped for five consecutive years, by altogether over 62 percent, in line with economic growth in the Netherlands.The number of bankruptcies in 2018 is the lowest of this century.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), by sector
 Number
20013333
20024085
20035235
20045267
20055083
20064228
20073589
20083842
20096942
20106162
20116117
20127349
20138376
20146645
20155271
20164399
20173291
20183144
* Provisional figures

Sharpest decline in the specialised business services sector

The number of bankruptcies was down across most sectors. In absolute terms, the decline was largest in specialised business services (including research and consulting firms); the total in that sector declined by 79, from 396 in 2017 to 317 in 2018.

Furthermore, the financial services sector saw a considerable drop in the number of bankruptcies from 487 to 416. In relative terms, the decline was largest in real estate activities (48 percent).

Just as in previous years, most bankruptcies were pronounced in the trade sector in 2018. Altogether 687 companies went out of business including 320 wholesalers, 304 retailers and 63 car dealers. The number of bankruptcies in this sector hardly dropped last year, namely by 6. Furthermore, bankruptcies in the accommodation and food services sector increased from 185 in 2017 to 210 in 2018.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), by sector
 2018*2017
Trade687693
Financial services416487
Specialised business services317396
Construction306327
Manufacturing257245
Renting, other business services215244
Accommodation and food services210185
Transport, storage183160
Information & communication151153
Care124116
Culture, sports, recreation6256
Real estate activities4892
Agriculture2723
* Provisional figures

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