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185 Bankruptcies in March; possible start of upward trend

Reading Time 4 minutes | Written by Anne de Geus | April 11, 2022

Press releases

Rotterdam, April 11, 2022 - Last March, 185 companies went bankrupt in the Netherlands. This is evident from the latest figures provided by business data expert Altares Dun & Bradstreet presents today. Those 185 bankruptcies are 20 more than in February, when 165 companies stopped. In March 2021, the number was slightly higher. Then 193 companies went bankrupt.

Altares Dun & Bradstreet analyzes the number of bankruptcies in the Netherlands every month. The company has insight into hundreds of millions of anonymized company records from more than 30,000 sources, which enables Altares Dun & Bradstreet to make reliable statements about the number of active companies in a country.

Trade and construction

Usually, most bankruptcies in the Netherlands occur in the trade and construction sectors. March was no exception, with 34 bankruptcies in the trade sector and 32 companies in the construction industry going out of business. Last month, 28 trading companies and 27 construction companies went bankrupt. Since these sectors also count the most enterprises, this trend is not surprising.

Other developments

In December 2021, six energy companies went bankrupt. In the first two months of this year there were no bankruptcies at all, only one in March. Things also seem to be going well in the specialist business services sector. Throughout 2021, an average of about fourteen companies per month went bankrupt in that sector; in March there were only eight.

The health and welfare sector already had its worst month in February since the beginning of 2021. Then, 17 companies went bankrupt, while no month in all of 2021 saw more than 10 bankruptcies. The damage was even worse in March, with 20 companies forced to cease operations.

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Anne de Geus

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