Dutch business bankruptcies up 47 percent since January; The worst start since 2017
7 months, 1 week ago

Dutch business bankruptcies up 47 percent since January; The worst start since 2017

NL Times  

Some 1,392 businesses, institutions and organizations were declared bankrupt since January 1, an increase of about 47 percent over the same period in 2023. “From May 2022, the number of bankruptcies was continuously higher than in the same month a year earlier.” Comparing annual periods is necessary to get a handle on current trends, because figures can fluctuate greatly from month-to-month for a variety of reasons, the CBS said. The number of bankruptcies as a ratio against total numbers of businesses per sector was found in transportation and storage last month. It is the highest number of personal bankruptcies for the start of a year since 2021, when 136 people went into bankruptcy.

Month Cbs Declared Total Number Bankruptcies Business Bankrupt  dutch  bankruptcies  sector  monthly  business  bankrupt  sole  worst  month  increase  total  number  declared  2017  start  47

History of this topic

Business bankruptcies up a third compared to last year after 6% jump in November
1 week, 4 days 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 up 40% in January, February compared to a year ago
9 months, 1 week ago

Bankruptcies up 40% in January, February compared to a year ago

NL Times  

Corrected for hearing days, Dutch courts declared 706 businesses bankrupt in January and February 2024. “The underlying trend in the number of bankruptcies has been increasing for almost two years,” the statistics office said. That is a month-on-month decline of 7 percent compared to the 366 bankruptcies in January, but a 24 percent increase compared to a year earlier. It’s …

Nearly 150,000 business owners called it quits last year as economy cools off
11 months, 1 week ago

Nearly 150,000 business owners called it quits last year as economy cools off

NL Times  

A massive 147,500 businesses in the Netherlands shut down last year, 8 percent more than in 2022, the Dutch Chamber of Commerce reported on Tuesday. “The number of companies continues to increase, but growth is clearly leveling off,” said Joris Knoben, professor of Strategy and Entrepreneurship at the Tilburg School of Economics and Management. All in all, these are clear …

Slight increase in bankruptcies; Upward trend continues
1 year ago

Slight increase in bankruptcies; Upward trend continues

NL Times  

Corrected for court hearing days, there were seven more bankruptcies in November than in October, Statistics Netherlands reported on Tuesday. Trade had the largest number of bankruptcies at 56, 11 percent less than in October. The number of declared bankruptcies peaked at 911 in May 2013, after the credit crisis. Since May 2022, the number of bankruptcies has continuously been …

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 …

Bankruptcies fell in January for the first time since August
1 year, 10 months ago

Bankruptcies fell in January for the first time since August

NL Times  

The number of bankruptcies fell again in January after four consecutive months of increases, according to Statistics Netherlands. The number of bankruptcies remained low compared to the period before the coronavirus pandemic. After August 2022, bankruptcies rose for four straight months to the highest level since May 2020. Since then, the number of bankruptcies fell further to a record low …

More small and mid-sized Dutch businesses go bust
2 years ago

More small and mid-sized Dutch businesses go bust

NL Times  

The number of companies declared bankrupt in November was significantly higher than a year earlier. According to a monthly report from the Dutch Chamber of Commerce, the number of bankruptcies among small and medium-sized enterprises in particular is still increasing. This means that the number of bankruptcies is 5 percent lower than in October, although the number of bankruptcies among …

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 …

More bankruptcies in EU; Netherlands an exception to the trend
3 years, 6 months ago

More bankruptcies in EU; Netherlands an exception to the trend

NL Times  

The number of bankruptcies in the Netherlands is considerably lower than in many other EU member states, Statistics Netherlands announced. In the second quarter of 2020, the number of bankruptcies there fell, only to rise for several quarters in a row," CBS stated. After that, the number of bankruptcies within the EU rose, while the number in the Netherlands fell …

Number of bankruptcies remained at historically low level in May
3 years, 6 months ago

Number of bankruptcies remained at historically low level in May

NL Times  

The number of companies that declared bankruptcy increased slightly in May, but remained at historically low levels, Statistic Netherlands said. Since June last year, the number of bankruptcies has been steadily decreasing due to the economic support packages promoted by the government. ING economists still believe that the number of bankruptcies will increase in the future, but have now adjusted …

74% of small Dutch cafes in money trouble; 30% of small businesses nearly bankrupt
3 years, 7 months ago

74% of small Dutch cafes in money trouble; 30% of small businesses nearly bankrupt

NL Times  

An estimated 74 percent of small hospitality businesses in the Netherlands said they are struggling to fulfill their financial obligations, and are desperate for more financial support from the government. About 29 percent of small businesses are already technically bankrupt, according to the kbindex, a report on the status of small businesses in the Netherlands carried out by Hogeschool Utrecht …

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 …

Dutch have few ‘zombie companies’ but wave of bankruptcies is around the corner
4 years, 2 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 …

Covid bailout slammed the brakes on new bankruptcies
4 years, 3 months ago

Covid bailout slammed the brakes on new bankruptcies

NL Times  

The number of companies declared bankrupt in the Netherlands decreased further in August to the lowest number in 21 years, Statistics Netherlands reported on Thursday. This likely has to do with the government's coronavirus support packages, rescuing companies that may have gone bankrupt even if there had been no coronavirus crisis. Corrected for the number of court days, 173 businesses …

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