|Year||Month||Number of bankruptcies|
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.
|Renting, other business services||31|
|Specialised business services||25|
|Accommodation and food services||15|
|Real estate activities||15|
|Information & communication||10|
|Culture, sports, recreation||5|
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.