Second week of April: 86 bankruptcies

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
 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
20201586

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 15Week 14
Wholesale166
Specialised business services153
Food and beverage915
Financial services97
Construction74
Transport and storage76
Retail69
Manufacturing55
Culture, sports, recreation52
Education40
Renting, other business services33
Information & communication25
Hairdressers and beauty salons23
Water supply and waste management10
Care12

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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