Despite looming energy crisis, number of bankruptcies still historically low

Reading Time 2 minutes | Written by Anne de Geus | September 9, 2022

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ROTTERDAM, September 9, 2022 - Last month, 166 companies went bankrupt in the Netherlands. This is what business data specialist Altares Dun & Bradstreet says after analyzing the latest figures. This number is slightly higher than the same period last year, when 126 companies went bankrupt.

Most bankruptcies occurred in the two largest sectors: construction and trade. Trade occupies the first place with 44 bankruptcies, followed by construction in which 33 companies went bankrupt. On the third place is the sector financial services, where seventeen companies fell in the month of August.

Fifty percent fewer bankruptcies

Despite high inflation and the looming energy crisis, the number of bankruptcies is still historically low. Compared to the first eight months of 2019, for example, there are 1254 fewer bankruptcies. That is a decrease of fifty percent.

Barry de Goeij, senior Data Scientist at Altares Dun & Bradstreet: ''It was recently announced that the European Union wants a maximum price for Russian gas, and the Netherlands supports this measure. As a result, the impending energy crisis may have less impact in the short term than expected and the number of bankruptcies will remain as low as it is now. It is remarkable that - more than a year after the removal of government support - the number of bankruptcies remains so low.''

Download here the full bankruptcy report August 2022.

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Anne de Geus

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