190 bankruptcies in week 8

Enterprises
190 bankruptcies in week 8

During the week from 20 to 26 February included (week 8), the business courts pronounced 190 bankruptcies, resulting in a total of 415 job losses.

So the figures for week 8 reveal a decrease in the number of bankruptcies and job losses compared to the previous week.

During the first 8 weeks of 2023, the business courts pronounced 1,471 bankruptcies. This figure is 12.5% higher than in the first 8 weeks of 2022.

Job losses per bankruptcy are 49.6% higher in 2023 than in the previous year. This increase is mainly due to the bankruptcy of a large enterprise in the trade sector in January. 

The number of bankruptcies and job losses for the first 8 weeks of the year

Category 2019 2020 2021 2022 2023 2023/2022 2023/2019
Bancruptcies 1,549 1,591 941 1,308 1,471 +12.5% -5.0%
Job losses 4,047 4,529 3,112 3,230 5,436 +68.3% +34.3%
Job losses/Bancruptcies 2.61 2.85 3.31 2.47 3.70 +49.6% +41.4%

This is what emerged from the weekly bankruptcy figures produced by Statbel based on the orders of business courts. These interim weekly estimates make it possible to quickly observe the first trends.