Number of bankruptcies down in last week of March

© CBS / Nikki van Toorn
In week 13 (working week 23 to 27 March), altogether 44 companies and institutions (excluding sole proprietorships) were declared bankrupt. This represents a decline of 16 relative to the previous week (16 to 20 March). Statistics Netherlands (CBS) reports this in a weekly bankruptcy bulletin which is published today for the first time.

Throughout the coronavirus crisis, CBS will be providing weekly updates of developments in bankruptcies pronounced by Dutch courts. This is the first bulletin in this series. The weekly updates are scheduled for release on Thursdays at 12.00 p.m.

In the first thirteen weeks of 2020, there were altogether 767 bankruptcies among companies and institutions in the Netherlands. This is 3 fewer bankruptcies than in the same period in 2019. The trend has been fairly stable as of 2019.

Number of company bankruptcies of businesses and institutions (excluding sole proprietorships), weekly
 WeekNumber of bankruptcies
2019115
2019265
2019355
2019468
2019569
2019657
2019770
2019846
2019966
20191062
20191154
20191274
20191369
20191474
20191567
20191676
20191756
20191849
20191956
20192048
20192166
20192275
20192351
20192458
20192574
20192670
20192768
20192866
20192959
20193059
20193161
20193254
20193367
20193466
20193556
20193642
20193770
20193878
20193950
20194055
20194161
20194261
20194338
20194484
20194558
20194673
20194764
20194871
20194968
20195061
20195179
20195243
2020122
2020260
2020358
2020463
2020571
2020646
20207102
2020856
2020953
20201073
20201159
20201260
20201344

Most bankruptcies recorded in trade sector

With a total of 8 bankruptcies, the most affected sector was trade, followed by specialised business services with 6 bankruptcies. The construction and manufacturing sectors each recorded 5 company bankruptcies. Trade and specialised business services are among the sectors with the highest number of businesses.

Accommodation and food services as well as renting and other business services (including travel agencies) both saw a rise in the number of bankruptcies in week 13, but this increase was not notable; earlier this year, both sectors already saw a rise in the number of bankruptcies per week.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector, 2020
 Week 13Week 12
Trade815
Specialised business services67
Construction56
Manufacturing56
Financial services410
Renting, other business services41
Accommodation and food services43
Information & communication21
Culture, sports, recreation21
Care12
Real estate activities11
Transport, storage04
Agriculture00


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 of a bankruptcy petition being made (i.e. by claimants), unless the procedures are deemed urgent. In addition, the Dutch government has established an emergency package for the economy and the job market in order to provide the proper support to Dutch businesses:

https://www.government.nl/latest/news/2020/03/19/coronavirus-dutch-government-adopts-package-of-new-measures-designed-to-save-jobs-and-the-economy

Figures published in this news release are provisional and subject to revision.

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