Last month, 109 companies went bankrupt in the Netherlands. That is 71 fewer in a month’s time and the lowest since the start of the measurements in 1981, Statistics Netherlands (CBS) reported on Friday. Many retail companies went bankrupt.
The number of bankruptcies has been rising and falling for some time now. The number of bankruptcies announced in May 2013 peaked at 911 and then decreased until August 2017. From then on, the trend remained stable until mid-2020, when the first effects of the corona crisis became visible.
Thanks to government support, the number of bankruptcies has almost only decreased during the corona crisis. In December, when aid was first phased out, more companies went bankrupt and in February and March the number of bankruptcies increased slightly. In April, the number fell to an all-time low.
Most of the companies went bankrupt in the retail sector, but it is also the sector with the most companies. Relatively speaking, most of the bankruptcies in April took place in the industrial sector.
Experts expect new wave of bankruptcies
Experts had long expected that the number of bankruptcies would rise in the coming months as all support measures were definitively stopped. Since April, companies can no longer count on things like NOW and TVL. The government assumes that they need less now that there are no more restrictions.
A week ago, it was announced that nearly half of the companies that went bankrupt in the first three months of this year requested at least one corona relief measure, fueling criticism from some economists that the company was too long with the corona. support that is no longer valid.
Source: NU
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
