I don't know why everyone is so excited about the Netherlands. They are simply not in the same league as Spain, England, France or Germany. And you can't even compare them to CONMEBOL teams such as Argentina and Brazil. And overall, I don't think that UEFA teams are going to do well, because the tournament is taking place in Asia. I will be really surprised, if Netherlands manage to reach the semi-finals. They are placed in a relatively easier group, along with Qatar, Ecuador and Senegal. But the knockout phase is going to be hard.
Judging by the bookmakers' estimates, the Netherlands have approximately equal chances with Spain and Germany. The Netherlands are rated at 12.7 and Spain and Germany at 8.8 and 10.7. These are fairly close estimates, indicating that the Netherlands is in the group of favorites.
By the way, why do you think that European teams will perform badly at the World Cup? The Cup is formally held in Asia, but in fact it is a time zone in Europe. Therefore, I rather expect that Europe, as always, will dominate.