Statistical presentation

Data description

The statistics on declared bankruptcies show monthly the development in the number of announcements of bankruptcies, by industry, number of employed hit, company age, turnover and region. The bankruptcies are moreover calculated for so called active companies, i.e. companies with employment and/or turnover > 1 million DKK, as well as inactive companies, i.e. companies without employment and turnover less than 1 million DKK. Furthermore average company age, total turn-over and total employment (lost jobs) in bankrupt companies are calculated.

Figures on petitions for liquidation proceedings are calculated on experimental basis as a high frequent (weekly) short time indicator. They cover the period since 2011.

The declared bankruptcies are from July 2021 published quarterly together with figures on new registered enterprises on selected and aggregated sections in the so called Quarterly Business Demography, QBD.. The bankruptcy figures cover the period since 2015.

Classification system

The bankruptcies can be divided in two groups: - Bankruptcies in so called active companies, i.e. companies with employment and/or turnover > 1 million DKK - Bankruptcies in inactive companies, i.e. companies without employment and turnover less than 1 million DKK.

In the monthly publications an adapted version of DB07 (Danish Industrial Classification 2007) with 10 groups is used.

• Agriculture, forestry and fishing
• Manufacturing, mining and quarrying, and utility services
• Construction
• Trade and transport etc. G Wholesale and retail trade: G1 Sale and repair of motor vehicles: G2 Wholesale trade and G3 Retail trade. H Transportation and I Accommodation and food service activities.
• Information and communication
• Financial and insurance
• Real estate
• Other business services
• Public administration, education and health
• Arts, entertainment and other services
• Activity not stated

For further information on DB07 and previous Danish Industrial Classifications.

The Quarterly Business Demography apply selected NACE Sections (see more in the link above):

• BTE Sum of the sections B, C, D and E, i.e. mining and quarrying + manufacturing + electricity, gas, steam and air conditioning supply + water supply, sewerage and waste management
• F Construction
• G Wholesale and retail trade
• H Transportation
• I Accommodation and food service activities
• J Information and communication
• KTN Sum of sections K, L, M and N, i.e. financial and insurance + real estate activities + knowledge-based services + travel agent, cleaning and other operational services
• PTSXS94 Sum of sections P, Q, R, S95, S96, i.e. education + human health and social work + arts, entertainment and recreation activities + other service activities. The two S-groups are parts of Section S (other service activities) covering repair of personal goods and other personal service activities respectively.
• BTSXO_S94 Sum of all groups above.

The geographical distribution is on five Danish regions.

Sector coverage

The statistics cover declared bankruptcies for companies and petitions for liquidation proceedings.

Statistical concepts and definitions

Bankruptcy: Legal actions against an insolvent debtor, whereby the debtor’s property is seized to satisfy his creditors. The number of announcements of bankruptcies is counted excluding units from the Faroe Islands and Greenland. After the 'simple count method', bankruptcies of both enterprises and individuals (personal bankruptcies) were counted. After the registry-based method, only bankruptcies of enterprises are counted, i.e. bankruptcies associated with a 'CVR'-number.

Petition for liquidation: Petitions for liquidation proceedings can be submitted by a debtor or a creditor when the debtor is insolvent. The petition is prior to the bankruptcy. There are no further information on the debtor.

Statistical unit

Declared bankruptcies and petitions bankruptcy refer to legal units (CBR numbers).

Statistical population

Companies gone bankrupt or companies with a petition for winding_up.

Reference area

Declared bankruptcies and petitions for liquidation proceedings covers all Denmark excluding Faroe Islands and Greenland. The declared bankruptcies are distributed on five Danish regions. More detailed information can be obtained on request.

Time coverage

The statistic on declared bankruptcies with its actual content cover the period since 2009. The statistic on petitions for liquidation proceedings cover the period since 2011.

Base period

Not relevant for this statistics.

Unit of measure

For declared bankruptcies: - Number of announcements of bankruptcies. - Company age in years. - Turn-over in million DKK. - Employment in full time employed.

For petitions for liquidation proceedings: - Number of announcements.

Reference period

The reference period for the bankruptcy is the month where the bankruptcy is declared (where the announcement appears in the Danish Official Gazette (Statstidende)). The reference period for the petitions for liquidation proceedings is the week/month where the petition is received at the bankruptcy court.

Frequency of dissemination

The declared bankruptcies are published monthly. The petitions for liquidation proceedings are published weekly.

Legal acts and other agreements

Is irrelevant to the statistics as the data are collected from The Danish Official Gazette (declarations) or directly from the courts of bankruptcies (petitions for liquidation proceedings).

No EU regulation.

Cost and burden

There is no response burden as the data are collected from The Danish Official Gazette or the courts of bankruptcies.

Comment

Other information is not available.