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Netherlands: Lowest number of bankruptcies since 2000

Staff Writer |
The number of corporate bankruptcies has declined further, according to Statistics Netherlands (CBS).

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There were 39 fewer bankruptcies in August than in July 2017.

The number of bankruptcies reached its lowest level in this century. Most bankruptcies in August were recorded in the trade sector.

Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend.

In April 2017, the number of bankruptcies was at its lowest since December 2007 but this decline subsequently stalled.

The number started decreasing again in July, however, reaching its lowest level since 2001 in August.

If the number of court session days is not taken into account, 258 businesses and institutions (excluding one-man businesses) were declared bankrupt in August 2017. With a total of 67, the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In August, the number of bankruptcies was relatively highest in the sector hotels and restaurants.

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