Fifth of Dutch businesses struggling with payment problems
4 years, 6 months ago

Fifth of Dutch businesses struggling with payment problems

NL Times  

Almost 20 percent of businesses in the Netherlands were unable to meet their financial obligations in May. A third said they won't last longer than three months in their current situations, according to a survey of 112 sector organizations affiliated with MKB Nederlands and VNO-NCW. 88 percent of businesses said their sector is currently being affected or heavily affected by the coronavirus and measures in place to curb its spread. And 93 percent said that they expect the coronavirus crisis to have long-term negative effects on their business. The sectors seem to be reasonably satisfied with the coronavirus support measures implemented by the government, with 34 percent saying that the measures will sustain the sector for another three months, 33 percent saying six months, and 32 percent saying longer than six months.

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History of this topic

Business bankruptcies up a third compared to last year after 6% jump in November
4 weeks ago

Business bankruptcies up a third compared to last year after 6% jump in November

NL Times  

Roughly a third more business bankruptcies have been declared in the Netherlands in the first 11 months of the year compared to the same period in 2023. Through the end of November, 4,198 businesses and individuals declared bankruptcy in the Netherlands, the most for a given year since the entirety of 2019. Despite these well-known retailers declaring bankruptcy in recent …

Bankruptcies on the rise in the Netherlands; Up 5% in August
1 year, 3 months ago

Bankruptcies on the rise in the Netherlands; Up 5% in August

NL Times  

The number of bankruptcies in the Netherlands has been rising for 16 months in a row, Statistics Netherlands reported on Tuesday. In August, the courts declared 5 percent more companies bankrupt than in July, corrected for the number of court hearing days. “Moreover, August had more court hearing days than in July and June.” The trade sector is also one …

Dutch business bankruptcies projected to double
2 years, 8 months ago

Dutch business bankruptcies projected to double

NL Times  

The number of bankruptcies in the Netherlands will be 101 percent higher this year than in 2021, credit insurer Atradius expects. Countries with extensive support packages saw insolvencies decrease significantly in 2021 and will see a big increase this year and next year. The Netherlands, for example, saw bankruptcies decrease 41 percent in 2021 and will see a 101 percent …

Dutch gov't needs to keep Covid support for businesses going: Banks
3 years, 9 months ago

Dutch gov't needs to keep Covid support for businesses going: Banks

NL Times  

Businesses are still taking out loans and applying for payment pauses from banks to get through the coronavirus pandemic. "Continuing the government support package is therefore essential," Chris Buijink of the Dutch association of banks NVM said in a statement. Since the start of the crisis, about 52 thousand companies received loans from Dutch banks, totaling in around 44.3 billion …

NL sees fewest bankruptcies since 1991, despite pandemic
3 years, 11 months ago

NL sees fewest bankruptcies since 1991, despite pandemic

NL Times  

Despite the pandemic putting pressure on the Dutch economy, 2020 saw remarkably few Dutch businesses go bankrupt. A total of 2,703 companies were declared bankrupt last year, 16 percent less than in 2019 and the lowest number since 1991, Statistics Netherlands reported on Tuesday. The stats office attributed the low number of bankruptcies to the coronavirus support measures the government …

45% of Dutch companies have applied for coronavirus help
4 years, 3 months ago

45% of Dutch companies have applied for coronavirus help

Dutch News  

So far 45% of Dutch companies with at least two people on the books have applied for government help to stave off the impact of coronavirus, national statistics agency CBS said on Friday. Companies are covered by two main schemes – NOW, to help pay wages and TOGs, to help pay fixed costs. The CBS figures show companies in Limburg …

Dutch have few ‘zombie companies’ but wave of bankruptcies is around the corner
4 years, 3 months ago

Dutch have few ‘zombie companies’ but wave of bankruptcies is around the corner

Dutch News  

Dutch government measures to bail out companies hit by the coronavirus crisis have not created large number of zombie companies compared to other European countries but this year will see a big increase in bankruptcies, the Financieele Dagblad said on Tuesday. Figures from credit insurer Atradius published in economic journal ESB show that the Dutch approach to the crisis has …

Quarter of Dutch worried about losing their job due to Covid
4 years, 4 months ago

Quarter of Dutch worried about losing their job due to Covid

NL Times  

The coronavirus crisis has 26 percent of Netherlands residents worried about losing their jobs. Young people in particular are worried about looming unemployment, according to a poll among over a thousand working Dutch for HR service provider Visma Raet, RTL Nieuws reports. Where the crisis put extreme pressure on companies in sectors like the catering industry, events and aviation, other …

Dutch businesses more confident they can survive Covid-19 crisis
4 years, 6 months ago

Dutch businesses more confident they can survive Covid-19 crisis

NL Times  

Businesses in almost all sectors were more confident that they could survive the current economic sector in June. In most sectors, more than half of companies expected that they will exist for at least another year, in May this was only the case in real estate, retail, and information and communication, Statistics Netherlands reported on Wednesday. Compared to May, the …

Thousands of coronavirus bankruptcies ahead for NL: credit insurer
4 years, 6 months ago

Thousands of coronavirus bankruptcies ahead for NL: credit insurer

NL Times  

A wave of bankruptcies will roll through the Netherlands from this autumn, credit insurer Coface said in a report on Thursday. Coface based its calculations on its large collection of business data, taking the current government coronavirus support measures into account. The first two are more or less self-explanatory as travel restrictions kept tourists away and fewer customers can be …

Netherlands businesses less worried about continued existence
4 years, 7 months ago

Netherlands businesses less worried about continued existence

NL Times  

Business owners in almost all branches of the non-financial sector were much more confident that their business will be able to exist for at least another year in May than they were in April. Retail saw the biggest increase in confidence - in April 9 percent of retail business expected to still exist a year in the future, in May …

Fewer companies launched in 2020 compared to a year ago
4 years, 7 months ago

Fewer companies launched in 2020 compared to a year ago

NL Times  

In the period between January and May, the Dutch Chamber of Commerce registered a nine percent decrease in the number of newly-founded businesses compared to the same period last year. In addition, a further 19 percent increase in the number of companies ceasing production was recorded, compounding an already gloomy outlook for the Dutch economy. With the exception of startups …

Coronavirus could cause a new euro crisis: Dutch Planning Office
4 years, 7 months ago

Coronavirus could cause a new euro crisis: Dutch Planning Office

NL Times  

The coronavirus crisis could lead to a new euro crisis, the Netherlands office for economic policy analysis CPB said after analyzing the vulnerabilities of the financial system. Despite coronavirus support measures implemented by the government, businesses and households are facing increasing financial difficulties. It showed that a quarter of small and medium sized businesses need more money than support measures …

Almost 50% of Dutch companies say they can't survive six months of crisis
4 years, 8 months ago

Almost 50% of Dutch companies say they can't survive six months of crisis

Dutch News  

Almost 50% of companies working outside the financial sector say they might go bust if the coronavirus pandemic lasts more than six month, according to research by national statistics agency CBS and several employers’ organisations. The research carried out at the beginning of April, also shows 15% of firms say they cannot survive beyond two months of crisis. Small firms, …

Coronavirus measures likely to last at least 6 months: Survey; Most demand small business support
4 years, 9 months ago

Coronavirus measures likely to last at least 6 months: Survey; Most demand small business support

NL Times  

About 67 percent of people believe the coronavirus restrictions in place in the Netherlands will last for six months or a year, a survey of Dutch people showed. Most think a half-year of distancing is likely, but a fourth are more upbeat They found that 58 percent of people believed that the coronavirus measures like social distancing, bans on gatherings, …

Coronavirus to put Dutch economy in recession: Rabobank
4 years, 9 months ago

Coronavirus to put Dutch economy in recession: Rabobank

NL Times  

The Covid-19 crisis will result in the Dutch economy shrinking by 0.2 percent this year, according to economists from Rabobank. "The crisis is affecting almost all sectors, but the biggest blows are in the construction, agriculture, hospitality, and transport sectors," the economists said. Although the business community is happy with the government's measures to prevent mass redundancies, they fear the …

Coronavirus could cause recession in Netherlands, central bank director says
4 years, 9 months ago

Coronavirus could cause recession in Netherlands, central bank director says

NL Times  

Klaas Knot, director of Dutch central bank DNB, does not rule out the possibility that the coronavirus pandemic will bring the Dutch economy into a recession. "You don't need a very serious corona scenario, on top of what we expect now, for our economy to also come close to a recession," he said to Nieuwsuur after a meeting at the …

Dutch Tax Authority gives companies affected by Covid-19 a break
4 years, 9 months ago

Dutch Tax Authority gives companies affected by Covid-19 a break

NL Times  

The Tax Authority is letting companies who can demonstrate in writing that they have run into problems due to the coronavirus defer on income tax, corporate tax, turnover tax or wage tax for the time being, the government said in a letter to parliament on Thursday, NOS reports. So far 1,700 companies have applied for working time reductions, because they …

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