More bankruptcies in November

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© Hollandse Hoogte / Nederlandse Freelancers
Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 19 more bankruptcies in November 2024 than in October. That was an increase of 6 percent. There has been an upward trend in the number of bankruptcies for more than two years. In the first eleven months of 2024, approximately a third more businesses were declared bankrupt than one year previously.

Number of bankruptcies rising

The number of corporate bankruptcies adjusted for court session days fluctuates significantly. The number peaked at 911 in May 2013. It subsequently continued to decline until the end of August 2017, after which it remained fairly stable until mid-2020. It then declined once again, reaching a record low of 109 in August 2021. Since May 2022, the number of bankruptcies has been consistently higher year on year.

Most bankruptcies recorded in the trade sector

If the number of court session days is not taken into account, a total of 322 businesses and institutions (including sole proprietorships) were declared bankrupt in November. The trade sector had the highest number of bankruptcies at 66, but that was down 15 percent from October.

The trade sector is one of the sectors with the largest number of businesses. In relative terms, the most bankruptcies in November were declared in manufacturing.

Sources

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