Increase in bankruptcy and business health: Belgium is limiting damage

Despite a notable increase in the second quarter, the rate of bankruptcy remains contained. Meanwhile, The Belgian economy shows signs of resilience in the face of an uncertain international context. Similarly, according to the latest quarterly report by Altares Dun & Bradstreet. Similarly,

Belgium recorded 3,410 bankruptcy in the second quarter of 2025, an increase of 6.83 % compared to the previous quarter, and 11.69 % over a year. Meanwhile, Out of the first six months of the year, the country totals 6,602 bankruptcies, An unprecedented summit for five years.

But related to the number of active companies, the dynamics remain measured. The bankruptcy rate, according to an extrapolation based on Statbel data, is 0.98 %. Nevertheless, A figure to be put into perspective, especially when compared to the 2008 crisis where the ratio reached 1.12 %.

“Avoid increase bankruptcy business health: belgium sensationalism,” comments Joris Peeters, Chief Data Scientist at Altares D&B. The progression is real, but it is still in a historically acceptable range. »

The fragility of business partners – Increase bankruptcy business health: belgium

Vigilance, however, remains in order. The overall financial confidence index (GBFCI). measured by Dun & Bradstreet, has deteriorated significantly among our main business partners: -17 % in Germany, -18.5 % in France. Only the Netherlands record a rebound.

This European climate could affect the health of Belgian companies in the short term. Recall that 70 % of goods produced in the country are intended for exportwith a strong exposure to immediate neighbors.

THE Trade negotiations underway with the United States Add a dose of additional uncertainty to international flows.

A more stable context than the financial crisis

Despite this bundle of tensions, the fundamentals remain stronger than in 2008. Inter -company credit increase bankruptcy business health: belgium management has improved. The average payment period remains content (7.12 days, compared to 10.09 days a year earlier), and almost 70 % of companies pay their suppliers in time – a record.

This discipline could testify of a “survival reflex” in a climate of hardening of banking conditions. Belgian companies favor rapid regulations to maintain their access to financing. A defensive but effective strategy.

The gross number of bankruptcies climbs, But the systemic risk remains under control. In short, Belgium cashes without folding. The coming months will largely depend on the international situation. The capacity of the entrepreneurial fabric to maintain this level of resilience remains to be confirmed.