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Daily Dutch News in English

Dutch bankruptcies down slightly

The number of bankruptcies in the Netherlands are marginally down according to recent figures released by Statistics Netherlands.

In April this year, 682 businesses and institutions (excluding one-man businesses) were declared bankrupt, a decrease by 28 from March.

The largest numbers of bankruptcies were recorded in the sectors construction and trade. Although, compared to March, bankruptcies declined in both sectors – in particular in the construction sector – the numbers were still very high in April.

As the number of businesses declared bankrupt in a particular month is closely related to the number of days courts are in session, it may vary considerably from month to month. Therefore, the three-month moving average is a more reliable indicator.

The three-month moving average stood at 717 in April, as against 734 in March. In March, the three-month moving average had reached its highest level since the beginning of the time series in 1981.