More bankruptcies in November

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© ANP
The number of corporate bankruptcies, adjusted for court session days, has increased. There were 57 more bankruptcies in November than in the previous month, according to Statistics Netherlands (CBS). However, the number of pronounced bankruptcies is still low compared to the period before the outbreak of the coronavirus crisis.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days
YearWeekNumber of bankruptcies
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
2020January270
2020February273
2020March261
2020April338
2020May267
2020June233
2020July207
2020August177
2020September186
2020October172
2020November180
2020December139
2021January142
2021February114
2021March145
2021April125
2021May131
2021June121
2021July109
2021August99
2021September118
2021October109
2021November166

Number of bankruptcies at consistently low level

The number of corporate bankruptcies (excluding sole proprietorships), adjusted for court session days, fluctuates significantly. Ups and downs alternate in rapid succession. The number of bankruptcies peaked in May 2013 (816); it subsequently declined continuously until August 2017 inclusive and then became fairly stable up until mid-2020. The trend has been downward again since then. In August 2021, the number of bankruptcies (on a monthly basis) reached its lowest level since January 1991. The number of bankruptcies was also low in the months that followed. In November 2021, it did reach the highest level of the past twelve months.

Most bankruptcies recorded in trade

If the number of court session days is not taken into account, 183 businesses and institutions (excluding sole proprietorships) were declared bankrupt in November. With a total of 35, the trade sector suffered most. This is 19 more compared to October.

In November, the number of bankruptcies was relatively highest in the construction sector.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector
SectorNovember 2021October 2021
Trade3516
Construction2916
Financial services226
Specialised business services1712
Manufacturing1510
Renting and other business services156
Accommodation and food services134
Transportation and storage1013
Information and communication86
Care64
Real estate activities43
Arts, sports and recreation32
Agriculture, forestry and fisheries22
Other service activities21

Figures published in this news release are provisional and subject to revision.