Wed, 25 May 2022

THE HAGUE, May 9 (Xinhua) -- More business closures and fewer startups were recorded in the Netherlands in April year-on-year, the country's Chamber of Commerce (KvK) reported on Monday.

Last month, 12,109 companies closed down on their own, 27 percent more than in April last year, according to the KvK's Trend Report Business for April. It was the second month in a row that the number of business quitters had risen.

The number of startups was 19,973 in April, 3 percent lower than in the same month last year, the KvK said.

"After the pandemic, it is inevitable that the number of quitters would increase," Josette Dijkhuizen, professor in sustainable employability of entrepreneurs at Tilburg University, said in a KvK press release.

The number of bankruptcies in the Netherlands fell last month to its lowest level in over two years, according to the KvK. Bankruptcies numbered 94 in April, the lowest figure since January 2020.

"The fact that the number of bankruptcies has fallen again, contrary to expectations, may well have to do with the insight of entrepreneurs. They may want to avoid bankruptcy by stopping on their own and not letting it come down to bankruptcy," said the professor.

The sectors in which many companies have started included catering, culture, sports and recreation, all of which have been severely affected by the COVID-19 crisis.

"Entrepreneurs see their opportunity in these sectors to benefit from reopening to the public in these sectors," Dijkhuizen said. "In addition, there is confidence that the pandemic is now really over. That's probably what we see in the numbers."

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