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.
|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%)|
|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%)|
|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%)|
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.
Enterprises responding to the bankruptcy law
Timing of publication
Results available 20 days after the reference period
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.
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