Fewer bankruptcies in March

The number of corporate bankruptcies has decreased, according to Statistics Netherlands (CBS). There were 13 fewer bankruptcies in March 2020 than in the previous month. The trend has been relatively stable in recent years.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days
YearMonthNumber of bankruptcies
2016April385
2016May343
2016June384
2016July371
2016August287
2016September299
2016October303
2016November417
2016December332
2017January336
2017February292
2017March304
2017April263
2017May281
2017June300
2017July266
2017August231
2017September237
2017October261
2017November251
2017December269
2018January273
2018February232
2018March266
2018April266
2018May259
2018June248
2018July251
2018August257
2018September224
2018October264
2018November277
2018December328
2019January286
2019February254
2019March277
2019April281
2019May264
2019June271
2019July274
2019August261
2019September257
2019October253
2019November288
2019December243
2020January272
2020February271
2020March258

Trend fairly stable in recent years

Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend until September 2017. Subsequently, the trend has been relatively stable. The number of bankruptcies reached the lowest level of this century in September 2018, after which ups and downs alternated.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 289 businesses and institutions (excluding sole proprietorships) were declared bankrupt in March 2020. With a total of 61, the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In March, the number of bankruptcies was relatively highest in the sector accommodation and food services.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector, March 2020
 Number
Trade61
Construction40
Renting, other business services31
Transport, storage29
Specialised business services25
Financial services24
Manufacturing15
Accommodation and food services15
Real estate activities15
Care11
Information & communication10
Culture, sports, recreation5
Agriculture0


This is CBS’ regular monthly news release on the development of the number of bankruptcies on a monthly basis. Meanwhile, CBS also publishes a weekly report due to the COVID-19 crisis. These figures are slightly more up-to-date than the monthly figures and are usually published on Thursday at noon.

The figures for the reporting month of March do not yet or barely reflect the effects of the coronavirus outbreak. 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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