Second week of April: 86 bankruptcies

16/04/2020 12:00

In week 15 (working week 6 to 10 April inclusive), 86 companies and institutions – excluding sole proprietorships – were declared bankrupt. This is 17 more than in the previous week (27 March to 3 April inclusive). Furthermore, in week 15 there were 8 bankruptcies among sole proprietorships, 3 more than in the previous week. Statistics Netherlands (CBS) reports this today in its third weekly bankruptcy bulletin.

Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m.

In the first fifteen weeks of 2020, there were altogether 923 bankruptcies among companies and institutions in the Netherlands. This is 12 more bankruptcies than in the same period in 2019. Furthermore, 159 sole proprietorships were declared bankrupt in the first fifteen weeks of 2020.

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
2020	15	86

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
2020	15	86

Most bankruptcies recorded in wholesale trade

Altogether 94 companies and institutions including sole proprietorships were declared bankrupt in week 15. The most significantly affected sector was wholesale trade with 16 bankruptcies. In the first fourteen weeks of 2020, on average 6 wholesale businesses were declared bankrupt. In addition, 15 bankruptcies were recorded in the specialised business services sector (including legal services, architectural firms and advertising agencies), above the weekly average (7) over the first fourteen weeks. The number of bankruptcies was also up in food and beverage services: over the past two weeks, this has consistently exceeded the weekly average in the preceding weeks this year.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 15	Week 14
Wholesale	16	6
Specialised business services	15	3
Food and beverage	9	15
Financial services	9	7
Construction	7	4
Transport and storage	7	6
Retail	6	9
Manufacturing	5	5
Culture, sports, recreation	5	2
Education	4	0
Renting, other business services	3	3
Information & communication	2	5
Hairdressers and beauty salons	2	3
Water supply and waste management	1	0
Care	1	2

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 15	Week 14
Wholesale	16	6
Specialised business services	15	3
Food and beverage	9	15
Financial services	9	7
Construction	7	4
Transport and storage	7	6
Retail	6	9
Manufacturing	5	5
Culture, sports, recreation	5	2
Education	4	0
Renting, other business services	3	3
Information & communication	2	5
Hairdressers and beauty salons	2	3
Water supply and waste management	1	0
Care	1	2

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 wholesale trade

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