The number of corporate bankruptcies in the Netherlands declined in July, with 266 companies going under. That was 33 fewer than a year earlier, representing an 11 percent decrease, according to Statistics Netherlands. The bankruptcy rate also fell in July, dropping to 7.1 bankruptcies per 100,000 companies, compared with 8.1 a year earlier.
The bankruptcy rate peaked at 24.8 in March 2015, when the current calculation method was introduced. It fell to a record low of 3.4 in August 2021 before rising again through 2024. The rate then remained relatively stable until autumn 2024, after which it began to edge down slightly. The record low of 3.4 was heavily driven by massive government support packages and tax deferrals during the…