The Barometer September 2021: Number of bankruptcies unchanged at low level

Reading Time 6 minutes | Written by Michiel Scheepens | October 13, 2021

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.

By September 2021 (arrow date 7-10-2021), a total of 127* bankruptcies have been declared. That's 116 fewer than the number of bankruptcies in the same period in 2020 (243) and 165 fewer than 2019 (292). With 193 bankruptcies, March 2021 is still the month with the most bankruptcies in 2021. 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. It is expected that these bankruptcies (Dutch) are expected to occur when government support is removed. *The figures in this report are provisional and may be subject to change.

It appears that the decline in bankruptcies is stabilizing.

Top 10 industries with most bankruptcies in September 2021

Within the industries of Holding Companies and Investment Companies (16), Construction (20) and Business Services (12), the most bankruptcies were declared in September 2021.

Industries with the most bankruptcies in all of 2021

If we look at the top 10 industries with the most bankruptcies in all of 2021. We can conclude that over 12% of bankruptcies are attributable to holding companies and investment companies, 15% to construction companies and 9% to the business services sector.

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Michiel Scheepens

Marketing Leader Benelux

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