After a sharp decline in August, bankruptcies rose again in September. According to Statistics Netherlands (CBS), 35 more companies went bankrupt last month than in August. This means an increase of almost 11 percent. According to CBS, the trend in bankruptcies has been increasing for over two years. In the first nine months of 2024, bankruptcy was announced by almost 40%. more companies than in the same period a year earlier.
In September, 342 companies and institutions, including those conducting business activity, declared bankruptcy. Of all sectors, retail trade once again recorded the most bankruptcies – 63. This is almost a quarter more than in August.
For example, according to data from the Chamber of Commerce (KVK), the number of shoe stores in the Netherlands has decreased significantly. Over the past five years, the number of shoe stores has fallen by almost a quarter. After the first half of this year, there were 1,853 shoe stores left in the Netherlands compared to 2,403 in 2019.
“This process has been going on for some time and shoe stores are responding to it by creating their own online stores.” There are “few” bankruptcies., – says the spokesman of the INretail industry association.
Trade is one of the industries in which most companies work. In relative terms, most bankruptcies were recorded in September in the processing industry. Last month, the construction and hotel industries also saw an increase in bankruptcies. The transport and storage sector also recorded a decline.
The highest number of bankruptcies was recorded in May 2013, when 911 companies went bankrupt. The number of bankruptcies in the Netherlands then declined until August 2017. The trend then remained stable until 2020. The number of bankruptcies then continued to decline, reaching a record low of 109 in August 2021. As of May 2022, the number of bankruptcies According to CBS, the number of bankruptcies was consistently higher than in the same month of the previous year.
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