June 16, 2023

More bankruptcies in May in the Netherlands

The number of corporate bankruptcies, adjusted for court session days, has increased. There were 16 more bankruptcies in May than in the previous month, according to Statistics Netherlands (CBS). This is an increase of 7 percent. The number of bankruptcies remained below the pre-pandemic level. In the first five months of this year, however, it was higher by more than half compared to the same period of 2022.

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 a record low in August 2021. As of May 2022, the number of bankruptcies has continuously been higher than in the same month a year earlier.

Most bankruptcies recorded in trade

If the number of court session days is not taken into account, in May a total of 292 businesses and institutions (including sole proprietorships) were declared bankrupt. The trade sector suffered most with 45 bankruptcies; this is an increase of 5 percent relative to April.

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

Source: Statistics Netherlands (CBS)
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