Throughout the coronavirus crisis, CBS provides weekly updates of the developments in bankruptcies pronounced by Dutch courts. The weekly updates are scheduled for release on Thursdays at 12.00 p.m.

In the first 28 weeks of 2020, there were altogether 2,033 bankruptcies among companies and institutions in the Netherlands. This is 4 fewer than in the same period in 2019.

In week 28 (6 to 12 July), altogether 64 companies and institutions (excl. single proprietor businesses) were declared bankrupt. This is 1 less than in week 27.

The financial services sector had the highest number of bankruptcies among all sectors, namely 11. This is 4 more than in the preceding week. There were 9 bankruptcies in the retail trade sector, which is 1 more than in the previous week. In addition, there were 7 bankruptcies in wholesale trade, 4 more than in week 27.

In the first 28 weeks of 2020, there were altogether 191 bankruptcies in the accommodation and food services. In week 28 there were 3 bankruptcies in this sector. The highest number of bankruptcies in accommodation and food services was in weeks 14 (30 March to 5 April) and 20 (11 to 17 May), namely 16 in both weeks.

Several weeks may pass between the date of filing for bankruptcy and the court decision. As of week 14, Dutch courts are granting a longer application period of at least four weeks in cases where a bankruptcy petition is made (by a claimant), unless in the event of immediate urgency. In addition, the Dutch government has established an emergency package for the economy and job market in order to provide the proper support to Dutch businesses.

The figures presented in this news release are provisional and can be adjusted.

source: https://www.cbs.nl/en-gb/faq/corona/economie/are-there-more-bankruptcies-than-last-year-