Netherlands bankruptcies at lowest level since 2001

The number of companies in the Netherlands being declared bankrupt continues to decrease. In August 39 fewer companies were declared bankrupt than in July, Statistics Netherlands reported on Monday. The number of bankruptcies in the Netherlands is now at its lowest level since 2001. 

A total of 258 companies and institutions, excluding sole proprietorships, were declared bankrupt in August. The trade sector saw the most bankruptcies with 67, followed by financial institutions (35) and the construction industry (25). 

The number of bankruptcies peaked in May 2013 and has since been falling.