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Daily Dutch News in English

Many bankruptcies in the Netherlands

There are many bankruptcies according to recent figures released by Statistics Netherlands.

In March this year, 709 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, i.e. 50 down from February, when the number of bankruptcies was at an all-time high.

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 734 in March, i.e. the highest number since the beginning of the time series in 1981.