920 Belgian companies went bankrupt during the summer holidays

In July and August, 920 companies went bankrupt in Belgium, resulting in 1,577 lost jobs. This is what commercial information office Graydon reports. Compared to last year, this is an increase of 22.5 percent.

The bankruptcy figures are increasing towards the levels of before the corona crisis, says Graydon. During the crisis, measures were in place to protect companies. Now that these have been removed, a bankruptcy wave seems to be on its way.

From January till the end of August, Graydon already counted 6,174 statements of bankruptcy. That is 53 percent more than in the same period last year. In Flanders, the increase is the largest (+68,42 percent). In Brussels, there were 61.25 percent more and in Wallonia 19.23 percent more.

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