Number of bankruptcies in the Netherlands marginally down

Number of bankruptcies in the Netherlands marginally down

In September this year, 595 businesses and institutions (excluding one-man businesses) were declared bankrupt in the Netherlands.

Fewer than in August and the lowest number of bankruptcies so far in 2013, although still 7 percent up from September 2012 according to Statistics Netherlands. Many businesses and institutions declared bankrupt in September were active in the sectors trade (146) and construction (100).

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 one month to the next. Therefore, the three-month moving average is a more reliable indicator. In September, the three-month moving average was 661. For the second time in a row, the average was below the level of the preceding month.

The bankruptcy rate over the first three quarters of 2013 was high; in the first nine months of this year 6,353 businesses and institutions declared were bankrupt, a 15 percent increase relative to the same period last year.

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