May 16, 2023
The number of corporate bankruptcies, adjusted for court session days, has increased. There were 26 more bankruptcies in April than in the previous month, according to Statistics Netherlands (CBS). This is an increase of 12 percent. The number of bankruptcies remained below the pre-pandemic level. In the first four months of this year, however, it was more than one and a half times higher than in the same period last year.
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. After August 2022, the number of bankruptcies increased for four months in a row, but remained relatively low The number fluctuated in the following months.
Most bankruptcies recorded in trade
If the number of court session days is not taken into account, in April a total of 218 businesses and institutions (including sole proprietorships) were declared bankrupt. The trade sector suffered most with 43 bankruptcies; this is a decrease of 7 percent relative to March.
The trade sector is one of the sectors with the largest number of businesses. In April, relatively the highest number of bankruptcies was pronounced in the sector transportation and storage.
Source: Statistics Netherlands
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