More bankruptcies in September

12/10/2022 15:00

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The number of corporate bankruptcies, adjusted for court session days, has increased. There were 25 more bankruptcies in September than in the previous month, according to Statistics Netherlands (CBS). The number of pronounced bankruptcies is low compared to the period before the outbreak of the coronavirus crisis. In the first three quarters of 2022, it was approximately 5 percent higher than in the first three quarters of 2021.

Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days
Year	Week	Number of bankruptcies
2018	October	285
2018	November	311
2018	December	387
2019	January	345
2019	February	322
2019	March	321
2019	April	328
2019	May	312
2019	June	304
2019	July	312
2019	August	303
2019	September	316
2019	October	290
2019	November	342
2019	December	297
2020	January	311
2020	February	333
2020	March	280
2020	April	382
2020	May	406
2020	June	257
2020	July	227
2020	August	195
2020	September	212
2020	October	190
2020	November	210
2020	December	174
2021	January	172
2021	February	143
2021	March	165
2021	April	193
2021	May	163
2021	June	139
2021	July	125
2021	August	109
2021	September	141
2021	October	126
2021	November	183
2021	December	159
2022	January	138
2022	February	183
2022	March	164
2022	April	118
2022	May	187
2022	June	163
2022	July	147
2022	August	147
2022	September	172

Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days
Year	Week	Number of bankruptcies
2018	October	285
2018	November	311
2018	December	387
2019	January	345
2019	February	322
2019	March	321
2019	April	328
2019	May	312
2019	June	304
2019	July	312
2019	August	303
2019	September	316
2019	October	290
2019	November	342
2019	December	297
2020	January	311
2020	February	333
2020	March	280
2020	April	382
2020	May	406
2020	June	257
2020	July	227
2020	August	195
2020	September	212
2020	October	190
2020	November	210
2020	December	174
2021	January	172
2021	February	143
2021	March	165
2021	April	193
2021	May	163
2021	June	139
2021	July	125
2021	August	109
2021	September	141
2021	October	126
2021	November	183
2021	December	159
2022	January	138
2022	February	183
2022	March	164
2022	April	118
2022	May	187
2022	June	163
2022	July	147
2022	August	147
2022	September	172

Number of bankruptcies low

The number of corporate bankruptcies, adjusted for court session days, fluctuates significantly. Ups and downs alternate in rapid succession. The number of bankruptcies peaked in May 2013 (911); it subsequently declined continuously until August 2017 inclusive, after which it remained fairly stable until mid-2020. It then followed a downward trend again, reaching its lowest level since the start of the time series (January 1981) in August 2021. In September 2022 as well, the number of bankruptcies was low compared to the period before the outbreak of coronavirus.

Most bankruptcies recorded in trade

If the number of court session days is not taken into account, in September a total of 164 businesses and institutions were declared bankrupt. The trade sector suffered most with 32 bankruptcies; this is 14 fewer compared to August.

The trade sector is one of the sectors with the largest number of businesses. In September, relatively the highest number of bankruptcies was pronounced in accommodation and food services.

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector
Sector	September 2022	August 2022
Trade	32	46
Construction	25	35
Specialised business services	22	14
Accommodation and food services	20	10
Financial services	15	17
Renting and other business services	14	10
Transportation and storage	9	5
Manufacturing	7	15
Information and communication	6	1
Care	5	5
Other service activities	4	8
Arts, sports and recreation	3	1
Agriculture, forestry and fisheries	2	1
Real estate activities	0	2

Number of bankruptcies of businesses and institutions (including sole proprietorships) by sector
Sector	September 2022	August 2022
Trade	32	46
Construction	25	35
Specialised business services	22	14
Accommodation and food services	20	10
Financial services	15	17
Renting and other business services	14	10
Transportation and storage	9	5
Manufacturing	7	15
Information and communication	6	1
Care	5	5
Other service activities	4	8
Arts, sports and recreation	3	1
Agriculture, forestry and fisheries	2	1
Real estate activities	0	2

Sources

StatLine - Bankruptcies, adjusted for court session days
StatLine - Bankruptcies; enterprises, SIC 2008
StatLine - Bankruptcies; enterprises, regions

Number of bankruptcies low

Most bankruptcies recorded in trade

Sources

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