Number of bankruptcies per month since January 2018;
Credit: STATEC
Luxembourg's national statistical office, STATEC, has confirmed that 136 companies were declared bankrupt and 98 were liquidated in June 2021.
Last month, the Luxembourg courts declared a total of 136 bankruptcies (down from 161 in May 2021 but up from 53 in June 2020). The number of bankruptcies in the first half of 2021, which now amounts to 647, is thus up slightly (by 8%) compared to the average for the first half of the two years preceding the COVID-19 pandemic (599 bankruptcies).
The companies most affected by bankruptcies in June were holding companies and investment funds (27%), as well as those from the commerce (21%), specialised, scientific and technical activities (12%) and construction (10%) sectors.
The Luxembourg courts also declared the liquidation of 98 companies (up from 64 in May 2021 and from 85 in June 2020); this mainly affected holding companies and investment funds. The number of liquidations thus increased by 80% in the first half of 2021 (622 liquidations) compared to the average for the first half of 2018 and 2019 (346 liquidations). Apart from holding companies and investment funds, liquidations concerned specialised, scientific and technical activities (5%), administrative and support services activities (4%) and real estate activities (4%).
