The bankruptcy statistic

February 2019: 909 bankruptcies

Enterprises
February 2019: 909 bankruptcies

In February 2019, 909 businesses in Belgium went bankrupt.

The bankruptcies resulted in a loss of 1,420 jobs: 678 full-time employees, 335 part-time employees and 407 salaried employers lost their jobs.

The number of bankruptcies in the last six months amounts to 5,508, a decrease of 1.4% compared to the same period last year.

In the last six months, compared to the same period last year, the number of failed businesses in the industry sector dropped by 3.9% In construction this number dropped by 2.2%; whereas in commerce there was a decrease by 7.9%. The hotel and catering industry dropped by 2.3%. The number of bankruptcies in transportation and other services rose by 5.8%.

At regional level and in the same period there was a rise by 2.9% in the Flemish Region, a decrease of 3.7% in the Walloon Region and a decrease of 5.6% in the Brussels-Capital Region.

table
Content
  2018 2019
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN
TOTAL
Total 910 846 951 784 603 852 689 477 897 1 890 854 833 (100.0%)
ACTIVITY
Agriculture and fishing 7 5 2 5 3 6 0 4 4 5 5 7 4 (0.5%)
Industry, energy 46 39 37 35 24 32 21 19 47 45 43 29 33 (4.0%)
Construction 185 170 155 170 106 163 109 83 149 203 152 170 162 (19.4%)
Trade 207 217 249 182 152 210 166 113 211 278 202 198 187 (22.4%)
Hotels and restaurants 181 174 180 158 112 163 143 91 186 232 201 171 163 (19.6%)
Transport, other services 284 241 328 234 206 278 250 167 300 362 287 279 284 (34.1%)
REGION
Flemish 400 379 409 369 295 393 294 201 425 483 404 363 402 (48.3%)
Walloon 265 193 216 194 114 226 153 111 220 245 239 254 171 (20.5%)
Brussels 245 274 326 221 194 233 242 165 252 397 247 237 260 (31.2%)
LEGAL FORM
Sole proprietor 168 154 134 147 108 167 139 99 159 188 191 178 183 (22.0%)
Public limited companies 129 124 128 126 76 96 89 61 117 142 120 109 114 (13.7%)
Limited-liability companies 581 536 668 489 389 553 433 290 570 740 532 525 483 (58.0%)
Co-operatives 30 31 20 19 23 19 15 19 29 29 25 24 28 (3.4%)
Others 2 1 1 3 7 17 13 8 22 26 22 18 25 (3.0%)
Bron: Statbel (Algemene Directie Statistiek - Statistics Belgium)

Purpose and brief description

The number of business bankruptcies in Belgium is based on information from the business register of the Directorate General Statistics of the FPS Economy supplemented by the statements of the commercial courts. Since January 1998, when the law of 8 August 1997 on bankruptcy and the law of 17 July 1997 on the composition of the court entered into force, the commercial courts send data concerning bankrupts to the Statistical Directorate.

Population

Enterprises responding to the bankruptcy law

Frequency

Monthly.

Timing of publication

Results available 20 days after the reference period

Definitions

Legal person VAT :Legal form as defined according to VAT requirements (at all points in accordance with the Nomenclature Table LU_COM. TU_COM_LGL_PSN_VAT)

Number of bankruptcies : An enterprise is in a state of bankruptcy if two conditions are met: On the one hand, it must have durably ceased payments, i.e. it no longer pays his creditors. On the other hand, it must be uncreditworthy. In other words: it has lost creditors' confidence. The bank refuses to grant a loan for example. A company is obliged to acknowledge its bankruptcy within the month following the cessation of payments. This decision is taken by the board of directors or the manager.

Remarks

Remark regarding bankruptcies - A bankruptcy always relates to one company. A legal construction in which several people have set up one company, such as with a VOF (partnership firm), can only give rise to one bankruptcy

Metadata

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909 bankruptcies

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