There was an increase in companies going bankrupt in June

The number of bankruptcies rose in June. According to Statistics Netherlands (CBS), there was an increase of 37 companies that were declared bankrupt in June compared to a month earlier. This is a rise of 11 percent. According to CBS, the number of bankruptcies has been trending upward for the last two years.

In the first six months of 2024, 40 percent more companies were declared bankrupt than in the same period a year earlier. The number of bankruptcies was also higher than in the same time period in the three years before the coronavirus, CBS reported.

June saw 349 companies and institutions, including sole proprietorships, be declared bankrupt. Of all the sectors, construction had the most bankruptcies, with 54. This is 29 percent more than there were in May in the sector. However, the construction sector is one of the sectors with the highest numbers of companies.

The catering industry declared the most bankruptcies in June, while the number of bankruptcies in trade and the industrial sector decreased last month.

May 2013 was the peak for the most bankruptcies in a month, with 911. The number then decreased until August 2017. It stayed stable until mid-2020 before dropping again, reaching a new low in August 2021 with 109.

From May 2022, bankruptcies were continuously higher than in the same month a year earlier.