The bankruptcy statistic

October 2018: 1,125 bankruptcies

Enterprises
October 2018: 1,125 bankruptcies

In october 2018, 1,125 businesses in Belgium went bankrupt.

The bankruptcies resulted in a loss of 2,209 jobs: 1,145 full-time employees, 640 part-time employees and 424 salaried employers lost their jobs.

The number of bankruptcies in the last six months amounts to 4,643, a decrease of 7.3% 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 19.0% In construction this number dropped by 4.7%; whereas in commerce there was a decrease by 8.5%. The hotel and catering industry dropped by 13.4%. The number of bankruptcies in transportation and other services dropped by 2.0%.

At regional level and in the same period there was a decrease by 8.2% in the Flemish Region, a decrease of 17.8% in the Walloon Region and a rise of 3.9% in the Brussels-Capital Region.

table
Content
  2016 2017
DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
TOTAL
Total 687 806 802 930 736 965 1 508 376 987 1 881 807 (100.0%)
ACTIVITY
Agriculture and fishing 6 8 5 4 5 1 4 3 1 7 4 5 4 (0.5%)
Mining, energy 29 30 35 39 33 42 46 23 26 38 57 51 26 (3.2%)
Construction 133 138 142 171 118 156 179 100 71 155 192 162 168 (20.8%)
Trade 156 199 217 242 184 246 241 125 100 261 262 240 219 (27.1%)
Hotels and restaurants 141 165 173 220 172 222 206 105 67 216 255 179 153 (19.0%)
Transport, other services 222 266 230 254 224 298 341 152 111 310 383 244 237 (29.4%)
REGION
Flemish 342 454 392 483 357 405 455 268 190 454 506 419 305 (37.8%)
Walloon 180 206 238 254 214 237 268 144 115 269 268 222 206 (25.5%)
Brussels 165 146 172 193 165 323 294 96 71 264 379 240 296 (36.7%)
LEGAL FORM
Sole proprietor 120 154 176 182 132 167 167 114 75 153 203 151 145 (18.0%)
Public limited companies 114 132 122 153 122 135 140 74 54 158 169 138 122 (15.1%)
Limited-liability companies 426 501 480 565 464 627 672 303 239 656 747 563 499 (61.8%)
Co-operatives 26 16 21 27 18 34 36 16 8 18 30 26 40 (5.0%)
Others 1 3 3 3 0 2 2 1 0 2 4 3 1 (0.1%)

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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1.125 bankruptcies

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