{"id":48642,"date":"2024-10-24T10:04:00","date_gmt":"2024-10-24T08:04:00","guid":{"rendered":"https:\/\/www.altares.be\/?post_type=nieuws&p=48642"},"modified":"2025-02-12T10:56:49","modified_gmt":"2025-02-12T09:56:49","slug":"quarter-fewer-bankruptcies-in-belgium-during-summer-period","status":"publish","type":"nieuws","link":"https:\/\/www.altares.be\/en\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/","title":{"rendered":"A quarter fewer bankruptcies in Belgium during the summer period"},"content":{"rendered":"

Brussels, October 24, 2024<\/strong> \u2013 Belgium saw a significant drop in the number of bankruptcies in the third quarter of 2024, according to a recent analysis by Altares Dun & Bradstreet. With 2,368 bankruptcies, the number decreased by 25.26% compared to the previous quarter, which recorded 3,153. This decline follows an annual pattern during the summer months, a period traditionally marked by reduced economic activity.<\/p>\n\n\n\n

Nevertheless, the number of bankruptcies continues to rise on an annual basis. In the first three quarters of 2024, a total of 8,758 companies went bankrupt, marking an increase of 4.22% compared to the same period in 2023, when there were 8,403 bankruptcies. <\/p>\n\n\n\n

Hardest-hit sectors and regions<\/strong><\/h2>\n\n\n\n

Most bankruptcies occurred in the construction industry (591), trade (494), and the hospitality sector (377). \u201cHistorically, these sectors are sensitive to economic fluctuations and external factors such as consumer behavior and delayed building permits\u201d<\/em>, says Barry de Goeij, senior data scientist at Altares Dun & Bradstreet.<\/p>\n\n\n\n

Regionally, most bankruptcies occurred in Antwerp, with 373 bankruptcies (15.75%), followed by the Brussels-Capital Region with 285 bankruptcies (12.04%) and East Flanders with 211 bankruptcies (8.91%).<\/p>\n\n\n\n

Region<\/strong><\/td>Number of Bankruptcies<\/strong><\/td>Percentage<\/strong><\/td><\/tr>
Antwerp<\/td>373<\/td>15,75%<\/td><\/tr>
Brussels-Capital Region<\/td>285<\/td>12,04%<\/td><\/tr>
East Flanders<\/td>211<\/td>8,91%<\/td><\/tr>
Flemish Brabant<\/td>206<\/td>8,70%<\/td><\/tr>
Li\u00e8ge<\/td>185<\/td>7,81%<\/td><\/tr>
Hainaut<\/td>185<\/td>7,81%<\/td><\/tr>
Limburg<\/td>150<\/td>6,33%<\/td><\/tr>
West Flanders<\/td>141<\/td>5,95%<\/td><\/tr>
Walloon Brabant<\/td>113<\/td>4,77%<\/td><\/tr>
Namur<\/td>99<\/td>4,81%<\/td><\/tr>
Luxembourg<\/td>16<\/td>0,08%<\/td><\/tr><\/tbody><\/table>
Bankruptcies by region<\/em><\/figcaption><\/figure>\n\n\n\n

Trade intensity recovers in most sectors<\/strong><\/h2>\n\n\n\n

Despite the challenging climate, trade intensity\u2014an indicator of business transactions between companies\u2014increased from 82.8 points in the second quarter of 2024 to 85.3 points in the third quarter. After two quarters of decline, this recovery signals a resurgence in economic activity. Nearly all Belgian sectors show an increase in trade activity. Exceptions are the government sector, where activity declined by 5.3%, and the industrial sector, which saw a 2.8% decrease. Although the hospitality sector is known for its steady bankruptcy rates, it was among the highest gainers in trade intensity (+10.3%), alongside agriculture (+9.3%) and construction (+4.5%).<\/p>\n\n\n\n

Prompt payers in Q3<\/strong><\/h2>\n\n\n\n

Companies paid more promptly in the third quarter of 2024 than in the previous quarter. On average, payments were made 9.12 days after the due date, compared to 10.09 days in the previous quarter. Nearly six out of ten companies (59%) paid their invoices on time, compared to 57.78% a quarter earlier and 60.26% a year ago.<\/p>\n\n\n\n

Among the companies that paid late, one-third (32.6%) were between 31 and 60 days overdue, a decrease compared to the previous quarter. The number of companies that took more than 90 days to pay increased slightly to 3.18%, up from 3.12% in the previous quarter. Payment delays rose notably in sectors such as mineral extraction (+4.26 days) and hospitality (+1.73 days), while companies in the hotel sector (-2 days) and agriculture, forestry, and fishing (-0.69 days) paid faster.<\/p>\n\n\n\n

Outlook for Q4 and Further Risks<\/strong><\/p>\n\n\n\n

\u201cFor the fourth quarter of 2024, I expect the number of bankruptcies to rise again to the higher levels seen in the first half of this year<\/em>,\" concludes De Goeij<\/strong>. \u201cIn 2024, bankruptcies cost nearly 18,000 jobs; however, unemployment remained stable and even decreased by 0.4% between the first and second quarters. This shows that new businesses, along with growth in other companies, are partially offsetting job losses. External factors, such as weak economic performance in Germany\u2014a key trading partner for Belgium\u2014remain a risk. If the German economy slows further, it could heavily impact both Belgian exports and employment.\"<\/em><\/p>\n\n\n\n

View the full report here<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Brussel, 24 oktober 2024 – Belgi\u00eb ziet in het derde kwartaal van 2024 een forse daling in het aantal faillissementen, volgens een recente analyse van Altares Dun & Bradstreet. Met 2.368 faillissementen daalt het aantal met 25,26% vergeleken met het voorgaande kwartaal, toen er 3.153 waren. Deze afname volgt een jaarlijks terugkerend patroon tijdens de […]<\/p>\n","protected":false},"featured_media":48643,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"categories":[29],"class_list":["post-48642","nieuws","type-nieuws","status-publish","has-post-thumbnail","hentry","category-persberichten"],"acf":[],"yoast_head":"\nKwart minder faillissementen in Belgi\u00eb tijdens zomerperiode - Altares<\/title>\n<meta name=\"description\" content=\"Belgi\u00eb ziet in het derde kwartaal van 2024 een forse daling in het aantal faillissementen. Met 2.368 faillissementen daalt het aantal met 25,26% vergeleken met het voorgaande kwartaal, toen er 3.153 waren.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altares.be\/en\/news\/quarter-fewer-bankruptcies-in-belgium-during-summer-period\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kwart minder faillissementen in Belgi\u00eb tijdens zomerperiode - Altares\" \/>\n<meta property=\"og:description\" content=\"Belgi\u00eb ziet in het derde kwartaal van 2024 een forse daling in het aantal faillissementen. Met 2.368 faillissementen daalt het aantal met 25,26% vergeleken met het voorgaande kwartaal, toen er 3.153 waren.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.altares.be\/en\/news\/quarter-fewer-bankruptcies-in-belgium-during-summer-period\/\" \/>\n<meta property=\"og:site_name\" content=\"Altares\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-12T09:56:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/10\/Belgium-Q3-2024-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/\",\"url\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/\",\"name\":\"Kwart minder faillissementen in Belgi\u00eb tijdens zomerperiode - Altares\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.altares.be\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Belgium-Q3-2024-1.jpg\",\"datePublished\":\"2024-10-24T08:04:00+00:00\",\"dateModified\":\"2025-02-12T09:56:49+00:00\",\"description\":\"Belgi\u00eb ziet in het derde kwartaal van 2024 een forse daling in het aantal faillissementen. Met 2.368 faillissementen daalt het aantal met 25,26% vergeleken met het voorgaande kwartaal, toen er 3.153 waren.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.altares.be\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Belgium-Q3-2024-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.altares.be\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Belgium-Q3-2024-1.jpg\",\"width\":880,\"height\":500,\"caption\":\"Belgium city centre\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.altares.be\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nieuws\",\"item\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Kwart minder faillissementen in Belgi\u00eb tijdens zomerperiode\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/#website\",\"url\":\"https:\\\/\\\/www.altares.be\\\/\",\"name\":\"Altares\",\"description\":\"part of the Dun & Bradstreet worldwide network\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.altares.be\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/#organization\",\"name\":\"Altares\",\"url\":\"https:\\\/\\\/www.altares.be\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.altares.be\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Altares_RGB_liggend.svg\",\"contentUrl\":\"https:\\\/\\\/www.altares.be\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Altares_RGB_liggend.svg\",\"width\":145.57333,\"height\":20.52,\"caption\":\"Altares\"},\"image\":{\"@id\":\"https:\\\/\\\/www.altares.be\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A quarter fewer bankruptcies in Belgium during the summer period - Altares","description":"Belgium saw a significant drop in the number of bankruptcies in the third quarter of 2024. With 2,368 bankruptcies, the number decreased by 25.26% compared to the previous quarter, which recorded 3,153 bankruptcies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.altares.be\/en\/news\/quarter-fewer-bankruptcies-in-belgium-during-summer-period\/","og_locale":"en_US","og_type":"article","og_title":"Kwart minder faillissementen in Belgi\u00eb tijdens zomerperiode - Altares","og_description":"Belgi\u00eb ziet in het derde kwartaal van 2024 een forse daling in het aantal faillissementen. Met 2.368 faillissementen daalt het aantal met 25,26% vergeleken met het voorgaande kwartaal, toen er 3.153 waren.","og_url":"https:\/\/www.altares.be\/en\/news\/quarter-fewer-bankruptcies-in-belgium-during-summer-period\/","og_site_name":"Altares","article_modified_time":"2025-02-12T09:56:49+00:00","og_image":[{"width":880,"height":500,"url":"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/10\/Belgium-Q3-2024-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/","url":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/","name":"A quarter fewer bankruptcies in Belgium during the summer period - Altares","isPartOf":{"@id":"https:\/\/www.altares.be\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/#primaryimage"},"image":{"@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/#primaryimage"},"thumbnailUrl":"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/10\/Belgium-Q3-2024-1.jpg","datePublished":"2024-10-24T08:04:00+00:00","dateModified":"2025-02-12T09:56:49+00:00","description":"Belgium saw a significant drop in the number of bankruptcies in the third quarter of 2024. With 2,368 bankruptcies, the number decreased by 25.26% compared to the previous quarter, which recorded 3,153 bankruptcies.","breadcrumb":{"@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/#primaryimage","url":"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/10\/Belgium-Q3-2024-1.jpg","contentUrl":"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/10\/Belgium-Q3-2024-1.jpg","width":880,"height":500,"caption":"Belgium city centre"},{"@type":"BreadcrumbList","@id":"https:\/\/www.altares.be\/nieuws\/kwart-minder-faillissemente-in-belgie-tijdens-zomerperiode\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.altares.be\/"},{"@type":"ListItem","position":2,"name":"Nieuws","item":"https:\/\/www.altares.be\/nieuws\/"},{"@type":"ListItem","position":3,"name":"Kwart minder faillissementen in Belgi\u00eb tijdens zomerperiode"}]},{"@type":"WebSite","@id":"https:\/\/www.altares.be\/#website","url":"https:\/\/www.altares.be\/","name":"Altares","description":"part of the Dun & Bradstreet worldwide network","publisher":{"@id":"https:\/\/www.altares.be\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.altares.be\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.altares.be\/#organization","name":"Altares","url":"https:\/\/www.altares.be\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.altares.be\/#\/schema\/logo\/image\/","url":"https:\/\/www.altares.be\/wp-content\/uploads\/2021\/03\/Altares_RGB_liggend.svg","contentUrl":"https:\/\/www.altares.be\/wp-content\/uploads\/2021\/03\/Altares_RGB_liggend.svg","width":145.57333,"height":20.52,"caption":"Altares"},"image":{"@id":"https:\/\/www.altares.be\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/nieuws\/48642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/nieuws"}],"about":[{"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/types\/nieuws"}],"version-history":[{"count":0,"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/nieuws\/48642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/media\/48643"}],"wp:attachment":[{"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/media?parent=48642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.altares.be\/en\/wp-json\/wp\/v2\/categories?post=48642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}