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.

An index on new registered enterprises on sectors and selected types of enterprises is published monthly.

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.

The distribution among industries follow the Danish DB25 variant of the NACE 2.1.

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, petitions bankruptcy and new enterprises refer to legal units (CBR numbers).

Statistical population

Companies gone bankrupt or companies with a petition for winding_up and new enterprises.

Reference area

Declared bankruptcies, petitions for liquidation proceedings and new enterprises covers all Denmark excluding Faroe Islands and Greenland.

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. Index over new enterprises cover the period since 2015.

Base period

Index for new enterprises is based on the monthly average in 2022.

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/year where the petition is received at the bankruptcy court.

New enterprises follow the month of registration.

Frequency of dissemination

Published monthly.

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).

The statistics on bankruptcies and new enterprises fall under Council Regulation (EF) no. 2019/2152 of 27. November 2019 on European Business Statistics.

Cost and burden

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

Comment

Contact for other information.