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Bankruptcies

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Short Term Statistics, Business Statistics
Søren Dalbro
+45 3917 3416

sda@dst.dk

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Bankruptcies

Last updated: 07-02-2020

The purpose of these statistics on bankruptcies is to analyze trends in the number of bankruptcies as well as in selected characteristics of companies gone bankrupt. These trends are considered as an essential economic or short time indicators. Compilation of the statistics was established in January 1979 based on a 'simple count method'. In 2009 the method was changed to a registry-based method.

Statistical presentation

The statistics show monthly the development in the number of announcements of bankruptcies, by industry, region, company age, turn-over and employment. Furthermore average company age, total turn-over and total employment (lost jobs) in bankrupt companies are calculated. 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.

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Statistical processing

Data from The Danish Official Gazette (Statstidende) are checked for missing reports and duplicates.

The announced bankruptcies in the month of reference are added on business sector, turnover, age, employment and geography. 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.

The main series with the total number of bankruptcies is seasonal adjusted together with the series of bankruptcies in active companies.

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Relevance

The statistic understood as a short time indicator is used by public and private decision-makers.

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Accuracy and reliability

The quality and reliability of the number of bankruptcies are very high. There are no changes to former published data. Company ages can be underestimated due to companies changes in the 'cvr'-number. Turn-over and employment figures does not necessarily reflect the situation on the time of bankruptcy as these data refer to an earlier reference period (year or quarter).

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Timeliness and punctuality

The statistics has very high actuality as it nearly always is published on the fourth working day after the reference month.

Average timeliness 2012 - 6,2 days, 2013 - 5,7 days, 2014 - 5,2 days, 2015 - 3,8 days.

Publications are released on time, as stated in the release calendar.

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Comparability

The figures for bankruptcies before 2009 are not fully compatible with the later figures as the former figures also contain personal bankruptcies.

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Accessibility and clarity

These statistics are published monthly in a Danish press release, at the same time as the tables are updated in the StatBank. In the StatBank, these statistics can be found under Bankruptcies. For more information, go to the subject page.

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