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March 2022 barometer: 185 bankruptcies, possible upward trend

Reading Time 4 minutes | Written by Michiel Scheepens | April 12, 2022

When it comes to the financial health of companies and bankruptcies, we have a better understanding of the current state of affairs than anyone else. In these special times it is very important to keep a finger on the pulse on the financial health of your buyers and suppliers. The barometer shows the current bankruptcies every month in comparison with previous periods and other sectors.

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In March 2022 (reference date 8-4-2022), a total of 185* bankruptcies were declared. That's 20 more than the number of bankruptcies last month, February 2022 (165). In March 2021, the number was slightly higher. Then 193 companies went bankrupt. With 206 bankruptcies, November 2021 is the month with the most bankruptcies in the past 12 months. Since the beginning of the corona crisis, the number of bankruptcies has been low, even lower than before the corona crisis. This is a result of government support to ensure that normally healthy organizations stay afloat during the crisis. A side effect of these support packages is that financially unhealthy organizations also do not go bankrupt.

*The figures in this report are provisional and may be subject to change.

Top 10 sectors with most bankruptcies in March 2022

In March, the most companies in the Trade sector went bankrupt (34), for the whole of 2021 this was also the sector with the most bankruptcies (304). The Construction sector also stands out in a negative sense due to the high number of bankruptcies (32).

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Michiel Scheepens

Marketing Leader Benelux

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