Number of bankruptcies up in first week of April

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
 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
20201469


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 14Week 13
Accommodation and food services154
Trade138
Financial services74
Transport, storage60
Construction45
Manufacturing45
Information & communication42
Specialised business services36
Renting, other business services34
Culture, sports, recreation22
Care21
Real estate activities11
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: 

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

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