Number of bankruptcies up in first week of April

09/04/2020 12:00

In week 14 (working week 30 March to 3 April inclusive), altogether 69 companies and institutions – excluding sole proprietorships – were declared bankrupt. This is 25 more than in the previous week (23 to 27 March). Statistics Netherlands (CBS) reports this today in its second weekly bankruptcy bulletin.

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 fourteen weeks of 2020, there were altogether 836 bankruptcies among companies and institutions in the Netherlands. This is 8 fewer bankruptcies than in the same period in 2019. The trend has been fairly stable as of 2019.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships), weekly
	Week	Number of bankruptcies
2019	1	15
2019	2	65
2019	3	55
2019	4	68
2019	5	69
2019	6	57
2019	7	70
2019	8	46
2019	9	66
2019	10	62
2019	11	54
2019	12	74
2019	13	69
2019	14	74
2019	15	67
2019	16	76
2019	17	56
2019	18	49
2019	19	56
2019	20	48
2019	21	66
2019	22	75
2019	23	51
2019	24	58
2019	25	74
2019	26	70
2019	27	68
2019	28	66
2019	29	59
2019	30	59
2019	31	61
2019	32	54
2019	33	67
2019	34	66
2019	35	56
2019	36	42
2019	37	70
2019	38	78
2019	39	50
2019	40	55
2019	41	61
2019	42	61
2019	43	38
2019	44	84
2019	45	58
2019	46	73
2019	47	64
2019	48	71
2019	49	68
2019	50	61
2019	51	79
2019	52	43
2020	1	22
2020	2	60
2020	3	58
2020	4	63
2020	5	71
2020	6	46
2020	7	102
2020	8	56
2020	9	53
2020	10	73
2020	11	59
2020	12	60
2020	13	44
2020	14	69

Number of bankruptcies of businesses and institutions (excluding sole proprietorships), weekly
	Week	Number of bankruptcies
2019	1	15
2019	2	65
2019	3	55
2019	4	68
2019	5	69
2019	6	57
2019	7	70
2019	8	46
2019	9	66
2019	10	62
2019	11	54
2019	12	74
2019	13	69
2019	14	74
2019	15	67
2019	16	76
2019	17	56
2019	18	49
2019	19	56
2019	20	48
2019	21	66
2019	22	75
2019	23	51
2019	24	58
2019	25	74
2019	26	70
2019	27	68
2019	28	66
2019	29	59
2019	30	59
2019	31	61
2019	32	54
2019	33	67
2019	34	66
2019	35	56
2019	36	42
2019	37	70
2019	38	78
2019	39	50
2019	40	55
2019	41	61
2019	42	61
2019	43	38
2019	44	84
2019	45	58
2019	46	73
2019	47	64
2019	48	71
2019	49	68
2019	50	61
2019	51	79
2019	52	43
2020	1	22
2020	2	60
2020	3	58
2020	4	63
2020	5	71
2020	6	46
2020	7	102
2020	8	56
2020	9	53
2020	10	73
2020	11	59
2020	12	60
2020	13	44
2020	14	69

Most bankruptcies recorded in accommodation and food services sector

The most significantly affected sector was accommodation and food services with 15 bankruptcies, clearly the highest weekly total in this sector so far this year. In the first thirteen weeks of 2020, on average 3.5 businesses were declared bankrupt in the accommodation and services sector. The trade sector recorded 13 bankruptcies, almost the same as the average in the first thirteen weeks of 2020. The number of bankruptcies in financial services and in transport and storage were not particularly notable; both sectors saw higher weekly totals in previous weeks this year.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector, 2020
	Week 14	Week 13
Accommodation and food services	15	4
Trade	13	8
Financial services	7	4
Transport, storage	6	0
Construction	4	5
Manufacturing	4	5
Information & communication	4	2
Specialised business services	3	6
Renting, other business services	3	4
Culture, sports, recreation	2	2
Care	2	1
Real estate activities	1	1
Agriculture	0	0

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector, 2020
	Week 14	Week 13
Accommodation and food services	15	4
Trade	13	8
Financial services	7	4
Transport, storage	6	0
Construction	4	5
Manufacturing	4	5
Information & communication	4	2
Specialised business services	3	6
Renting, other business services	3	4
Culture, sports, recreation	2	2
Care	2	1
Real estate activities	1	1
Agriculture	0	0

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:

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

Most bankruptcies recorded in accommodation and food services sector

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