Over 9.5 thousand Dutch bankruptcy filings in 2011

Posted on Jan 26, 2012 in Business | 3 comments

Over 9.5 thousand Dutch bankruptcy filings in 2011

According to the latest figures released by Statistics Netherlands, 9,531 bankruptcies were filed last year, approximately as many as in 2010.

Nearly 6.2 thousand business bankruptcies (excluding one-man businesses) were filed, 1 percent down on 2010. The number of individual bankruptcies increased by nearly 2 percent to 2.4 thousand. The number of bankruptcies in the category one-man businesses dropped marginally by 2 percent.

Owing to the recession, individual bankruptcies reached the highest level ever in 2009, i.e. more than 10 thousand. Although the number declined somewhat in the years thereafter, it remained high in a historical perspective.

The business bankruptcy rate in the sector hotels and restaurants grew considerably by 28 percent in 2011 relative to 2010. Restaurants, snack bars, cafeterias and pubs were hit hardest. The number of business bankruptcies declined most in the sector transport, storage and communication (– 14 percent).

Individual bankruptcies grew by nearly 2 percent in 2011 from 2010. The most dramatic increase was recorded in the province of Flevoland, both in absolute and relative (per 10 thousand residents) terms.

Proportionally, the number of individual bankruptcies was lowest in the province of Friesland (0.8 per 10 thousand residents) and highest in the province of Overijssel (3.8 per 10 thousand residents).

More at The Dutch Daily News

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  • Patrick

    Will be interesting to see the number of bankruptcies by the end of 2012 with all the tax hikes coming. There goes that pension which took years to build up.

  • Janisjanovskji

    By 2014 some EU countries will be re-evaluated and have to leave or be forced out of the euro currency. More Dutch bankruptcies will come this year through major manufacturing and banking industry restructuring continues.

  • Darwin

    Layoffs are growing in Holland due to strict eu austerity rules. Small business closures, bankruptcies and foreclosures are also rising.