Fewer bankruptcies in 2020

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Number of bankruptcies of companies and institutions (excluding sole proprietorships) adjusted for hearing days
2017 January 336
2017 February 292
2017 March 304
2017 April 263
2017 May 281
2017 June 300
2017 July 266
2017 August 231
2017 September 237
2017 October 261
2017 November 251
2017 December 269
2018 January 273
2018 February 232
2018 March 266
2018 April 266
2018 May 259
2018 June 248
2018 July 251
2018 August 257
2018 September 224
2018 October 264
2018 November 277
2018 December 328
2019 January 286
2019 February 254
2019 March 277
2019 April 281
2019 May 264
2019 June 271
2019 July 274
2019 August 261
2019 September 257
2019 October 253
2019 November 288
2019 December 243
2020 January 272
2020 February 271
2020 March 259
2020 April 335
2020 May 265
2020 June 231
2020 July 205
2020 August 175
2020 September 184
2020 October 171
2020 November 178
2020 December 138

Number of bankruptcies at a historically low level

The number of business bankruptcies (excluding sole proprietorships), adjusted for hearing days, is expected to fluctuate significantly. The ups and downs follow one another quickly. The number of bankruptcies peaked in May 2013 (816). The number then decreased until August 2017 inclusive. Thereafter, the trend remained fairly stable until July 2020. Since then, the trend has been declining. In December 2020, the number of bankruptcies (on a monthly basis) reached its lowest level since February 1991.

The number of bankruptcies in 2020 down 16% year on year

Over the whole of 2020, a total of 2,703 bankruptcies were declared. This represents a decline of 16% year-on-year. Many companies were affected by the coronavirus crisis in 2020, but the number of bankruptcies was at its lowest for 20 years.

The number of bankruptcies peaked in 2013 at 8,376 and then fell for five consecutive years. In 2019, the number of bankruptcies increased slightly, but the level was still relatively low. In 2020, the number of bankruptcies fell again, reaching its lowest level in 20 years. The fact that fewer companies were declared bankrupt during the coronavirus period cannot be seen in isolation from government support.

Number of business and institution bankruptcies (excluding sole proprietorships)
2000 2621
2001 3333
2002 4085
2003 5235
2004 5267
2005 5083
2006 4228
2007 3589
2008 3842
2009 6942
2010 6162
2011 6117
2012 7349
2013 8376
2014 6645
2015 5271
2016 4399
2017 3291
2018 3145
2019 3209
2020 2703

The biggest drop in trade

The number of bankruptcies has declined in almost all sectors. In absolute terms, the decline was most pronounced in the trade sector. Its total decreased by 149, from 730 in 2019 to 581 in 2020. In the wholesale, retail and trade and repair of motor vehicles, the number of bankruptcies fell by 69, 41 and 39, respectively. , the specialist business services sector (including research and consultancy firms) fell by 107. In relative terms, healthcare (health and welfare) was among the sectors with the largest decline.

However, the accommodation and food services sector faced the biggest increase: 39 bankruptcies. In accommodation services (including hotels) the number of bankruptcies increased by 25 and in food services (including restaurants and cafes) by 14. A relatively large number of bankruptcies were declared in the second quarter 2020.

As in previous years, most bankruptcies were declared in the commerce sector (581) in 2020. Commerce is one of the sectors with the largest number of companies.

Number of business and institution bankruptcies (excluding sole proprietorships) by sector
To exchange 581 730
Financial services 312 396
Specialized business services 292 399
Construction 253 291
Accommodation and food services 235 196
Rental and other business services 220 234
Manufacturing 200 244
Transport and storage 188 182
Information and communication 85 135
Care 81 139
Arts, sports and recreation 73 55
Other service activities 57 54
Real estate activities 42 53
Education 38 31
Agriculture, forestry and fishing 17 23
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