The solar energy firm De Groene Energie Corridor (DGEC) is reportedly facing financial ruin and escalating legal pressure after a Dutch court ordered the removal of more than 78,000 solar panels near Schiphol Airport, citing a serious risk to flight safety caused by glare. DGEC has warned that full dismantling of the park, which includes nearly 230,000 panels, would force the company into bankruptcy, while Schiphol continues to push for complete removal and has asked the government to intervene, De Telegraaf reports.
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The bankruptcy of Groupcard, a company that provided prepaid cards such as city passes for municipalities, has affected roughly a third of all municipalities in the Netherlands, according to an estimate by the Association of Dutch Municipalities (VNG), NLTimes.nl reported. The bankruptcy, first reported by AD on Friday, was officially declared last month by the court in Amsterdam. Many municipalities had contracts with the company, and the financial damage appears to run into the millions.
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The Dutch arm of Taco Bell has been declared bankrupt, marking the fast food chain's second collapse in the Netherlands in less than a decade, RTL reports. Ten restaurants across the country, including in Amsterdam, Rotterdam, and The Hague, have been forced to close. However, the company said it remains committed to keeping the restaurants open. On Wednesday, the Rotterdam district court officially declared T Bello Nederland bankrupt. The company operated all Dutch Taco Bell locations under a franchise agreement with a British operator.
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Blokker will open 40 stores in the Netherlands to rebuild the retail store chain that was declared bankrupt last year, the NL Times reported. The first 12 new stores opened on Wednesday. The rest will open in the coming weeks, the store chain reported. Blokker was declared bankrupt in November of last year. The chain, which was founded in 1896, was dealing with continuous losses and issues regarding the payments of debts before the bankruptcy. Around 45 of the company’s 400 stores remained open during the bankruptcy.
An ad hoc group (AHG) of noteholders has successfully converted Dutch scheme of arrangement arbitration (WHOA) proceedings launched by Brazilian cement maker InterCement’s finance-raising arm in Amsterdam into bankruptcy proceedings, two weeks after the group secured chapter 15 recognition of its Brazilian recuperação judicial (RJ) plan, Latin Lawyer reported. Read more.
Bankruptcies in Netherlands Drop to Lowest Point in over 18 Months, Hospitality Sector Sees Increase
In March 2025, the Netherlands saw a significant decline in the number of business bankruptcies, according to figures released by Statistics Netherlands (CBS), NL Times reported. A total of 271 companies were declared bankrupt, marking the lowest number in over a year and a half. This represents a 20 percent decrease compared to March 2024 and a 25 percent drop from February 2025. However, bankruptcies in the hospitality sector are on the rise. The bankruptcy rate in March 2025 stood at 7.4 bankruptcies per 100,000 businesses, a decrease from the 9.5 rate recorded in March 2024.
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