In 2024, 153 thousand companies in the Netherlands were canceled, an increase of 27 percent compared to 2023. This is evident from provisional figures from the Central Bureau of Statistics (CBS). Although nearly 2,000 companies were completely declared bankrupt, the majority of business directings are voluntary. Strikingly enough, economists also see positive signals for the economy here.
RECORD LEVEL OPERATION AFTERNATION
The number of companies canceled in 2024 is the highest since the start of the current measurement method in 2007. Nevertheless, Statistics Netherlands nuances this increase: the increase in cancellation – the number of cancellations compared to the total number of companies – remained stable at 6 percent. This is because the number of companies in the Netherlands has grown strongly in recent years.
It is striking that nine out of ten have only been canceled companies had one active person. This trend, which is related to the increasing number of sole traders, ensures that the impact on employment is limited.
Bankruptcy rises, but remains relatively low
In 2024, nearly 2,000 companies went completely bankrupt, an increase of 28 percent compared to 2023. Nevertheless, the share of bankrupt companies remains relatively low: only 1.3 percent of all operating taxes were the result of a bankruptcy. The bankruptcy rate – the number of bankruptcies compared to the total number of companies – rose to 0.13 percent, equal to the 2020 level.
Construction and catering industry
The lifting rate was highest in the transport and storage sectors (7.7 percent) and trade (7.6 percent). In construction, the increase in cancellation rose considerably, from 4.4 percent in 2023 to 6.3 percent in 2024. The hospitality industry was hit relatively the hardest by bankruptcies: there the bankruptcy rate rose from 0.28 percent to 0.38 percent, the highest of all sectors.
Prospects: Bankruptcies continue to rise
Although the economy showed signs of recovery in 2024 and was predicted for 2025, the increase in the number of bankruptcies is expected to last for some time. This is because economic improvements usually work with a delay in bankruptcy figures.
In the long term, however, this development can turn out favorably for the economy. When less viable companies disappear, labor and resources are released that can be used more efficiently elsewhere. This contributes to a more resilient and more dynamic market.
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Source: https://newsbit.nl/faillissementen-stijgen-enorm-dat-is-verrassend-goed-voor-de-economie/
