The number of bankruptcies in Belgium has increased almost continuously in recent months. In May, 988 companies were declared bankrupt, in Flanders there was even a record number of bankruptcies. According to the trade information office Graydon, which collects the figures, these indicate that “the long-expected insolvencies due to the Covid period are now increasingly accelerating”.
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Bankruptcy flow is picking up: almost 1,000 companies go bankrupt in May
