Despite cost crisis, rise in insolvencies also stays off in September

Reading Time 3 minutes | Written by Anne de Geus | October 11, 2022

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ROTTERDAM, Octobre 11, 2022 - Last month, 156 companies went bankrupt in the Netherlands. So says business data specialist Altares Dun & Bradstreet after analyzing the latest figures. Compared to a year earlier, this number is slightly higher than in the same period when 136 went under.

Most bankruptcies are seen in the sectors Trade (29), Construction (22) and Specialized business services (22). We continue the list with bankruptcies within Hospitality (19), Rental and other business services (12), and Transport and storage (8). Notable are the number of bankruptcies in the Mining and quarrying sector (2). With only 1,027 companies in this sector, it stands out relatively.

Bankruptcies Hospitality Industry Nearly Doubled

Pre-corona, exactly 2,784 bankruptcies were recorded at the end of the third quarter 2019. This number is almost 50 percent lower compared to today (1,390). Barry de Goeij, Senior Data Scientist at Altares Dun & Bradstreet: "The impact of the cost crisis and the repayment of the TOZO and NOW schemes does not yet show a concrete impact on the number of bankruptcies. However, despite the relatively small number, it is notable that the hospitality sector sits at 19 bankruptcies over the past month compared to an average of under 10 over the past 8 months. We can't immediately speak of an upward trend yet, but it will be exciting what we will see in the coming months."

The full bankruptcy report of Altares Dun & Bradstreet for September 2022 is available for download here.

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