Fourth week of April: 112 bankruptcies

30/04/2020 12:00

In week 17 (working week 20 to 24 April inclusive), 112 companies and institutions including sole proprietorships were declared bankrupt. This is 47 more than in week 16. In the first seventeen weeks of 2020, altogether 1,262 bankruptcies were pronounced among companies and institutions in the Netherlands. This is 11 more bankruptcies than in the same period in 2019.

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.

Not including sole proprietorships, there were 98 bankruptcies in week 17. This is 38 up on the previous week. In addition, 14 sole proprietorships were declared bankrupt, 9 more than in the same period in 2019.

Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly
	Week	Bankruptcies
2019	1	17
2019	2	74
2019	3	69
2019	4	82
2019	5	87
2019	6	71
2019	7	84
2019	8	64
2019	9	83
2019	10	74
2019	11	63
2019	12	85
2019	13	80
2019	14	85
2019	15	81
2019	16	88
2019	17	64
2019	18	58
2019	19	72
2019	20	56
2019	21	78
2019	22	83
2019	23	59
2019	24	64
2019	25	81
2019	26	78
2019	27	75
2019	28	74
2019	29	76
2019	30	64
2019	31	70
2019	32	67
2019	33	78
2019	34	74
2019	35	65
2019	36	49
2019	37	87
2019	38	93
2019	39	69
2019	40	64
2019	41	74
2019	42	69
2019	43	45
2019	44	95
2019	45	74
2019	46	84
2019	47	78
2019	48	79
2019	49	81
2019	50	71
2019	51	96
2019	52	54
2020	1	25
2020	2	72
2020	3	70
2020	4	73
2020	5	82
2020	6	67
2020	7	114
2020	8	73
2020	9	67
2020	10	80
2020	11	76
2020	12	68
2020	13	47
2020	14	74
2020	15	97
2020	16	65
2020	17	112

Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly
	Week	Bankruptcies
2019	1	17
2019	2	74
2019	3	69
2019	4	82
2019	5	87
2019	6	71
2019	7	84
2019	8	64
2019	9	83
2019	10	74
2019	11	63
2019	12	85
2019	13	80
2019	14	85
2019	15	81
2019	16	88
2019	17	64
2019	18	58
2019	19	72
2019	20	56
2019	21	78
2019	22	83
2019	23	59
2019	24	64
2019	25	81
2019	26	78
2019	27	75
2019	28	74
2019	29	76
2019	30	64
2019	31	70
2019	32	67
2019	33	78
2019	34	74
2019	35	65
2019	36	49
2019	37	87
2019	38	93
2019	39	69
2019	40	64
2019	41	74
2019	42	69
2019	43	45
2019	44	95
2019	45	74
2019	46	84
2019	47	78
2019	48	79
2019	49	81
2019	50	71
2019	51	96
2019	52	54
2020	1	25
2020	2	72
2020	3	70
2020	4	73
2020	5	82
2020	6	67
2020	7	114
2020	8	73
2020	9	67
2020	10	80
2020	11	76
2020	12	68
2020	13	47
2020	14	74
2020	15	97
2020	16	65
2020	17	112

Most bankruptcies recorded in retail trade

The number of bankruptcies was up in most sectors; the hardest hit was retail trade with 13 bankruptcies. The sector recorded a higher weekly total (19) earlier this year in week 7. In the first seventeen weeks of 2020, on average 8 retail bankruptcies were pronounced each week. The week’s increase is more noticeable in the manufacturing sector with 12 companies declared bankrupt, significantly more than the weekly average of 5 so far this year. Finally, the highest number of sole proprietor bankruptcies (5) was seen in the construction sector. In the preceding weeks as well, construction was the sector with the highest number of sole proprietor bankruptcies.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 17	Week 16
Retail	13	8
Manufacturing	12	1
Specialised business services	12	10
Financial services	11	7
Wholesale	10	9
Construction	7	6
Food and beverage services	7	7
Employment activities	6	2
Repair of motor vehicles and motorcycles	4	1
Transport and storage	4	2
Education	4	0
Care	4	2
Real estate activities	3	0
Water supply and waste management	2	0
Travel agency, tour operator and other	2	0
Agriculture and fishing	1	1
Accommodation services	1	1
Information and communication	1	0
Arts, entertainment and recreation	1	0
Hairdressers and beauty salons	1	2

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector, 2020
	Week 17	Week 16
Retail	13	8
Manufacturing	12	1
Specialised business services	12	10
Financial services	11	7
Wholesale	10	9
Construction	7	6
Food and beverage services	7	7
Employment activities	6	2
Repair of motor vehicles and motorcycles	4	1
Transport and storage	4	2
Education	4	0
Care	4	2
Real estate activities	3	0
Water supply and waste management	2	0
Travel agency, tour operator and other	2	0
Agriculture and fishing	1	1
Accommodation services	1	1
Information and communication	1	0
Arts, entertainment and recreation	1	0
Hairdressers and beauty salons	1	2

Several weeks may elapse 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.