Sailors Lobke Berkhout and Afrodite Zegers finished ninth on Wednesday in the medal race of the 470 class.
The Dutch duo still had a minimal chance of bronze, but did not come close to that.
Berkhout and Zegers concluded the Olympic tournament with a tenth place in the final standings.
Prior to the medal race, the last game of the tournament in which the points count double, the two were still eleventh.
The gold was won by Hannah Mills and Eilidh McIntyre.
The British duo crossed the finish line in fifth and that was enough to secure first place.
Agnieszka Skrzypulec and Jolanta Ogar from Poland took the silver, the bronze went to Camille Lecointre and Aloise Retornaz from France.
The forty-year-old Berkhout is there for the third time at the Olympic Games.
She won silver with Marcelien de Koning in 2008 and bronze with Lisa Westerhof four years later.
Zegers (29) finished fourth five years ago with Anneloes van Veen.
The Netherlands also experiences successful Games in sailing.
Kieran Badloe took gold in windsurfing and Marit Bouwmeester took bronze in the Laser Radial.
Annemiek Bekkering and Annette Duetz also took home a bronze medal in the 49erFX class.
See also: These are the 22 medals of the Netherlands so far in TokyoKeywords: