Monthly number of bankruptcies in Denmark 2015-2020

The number of bankruptcies of Danish enterprises in 2020 showed no increase compared to previous years, so far, due to the outbreak of the coronavirus. The number of bankruptcies increased from 292 in March 2020, up to 591 bankruptcies in May 2020. The number of bankruptcies in May the previous year was higher, reaching 637.

That being said, the available data may not yet contain the full effect of the coronavirus on companies in Denmark, as not all filed and declared bankruptcies are already a part of the official statistic. However, the severe decline in many companies activities has not (yet) triggered a significant increase in the number of bankruptcy filings. The business support packages in Denmark probably play an important role in this.

Monthly number of bankruptcies in Denmark in 2020

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Source

Release date

May 2020

Region

Denmark

Survey time period

January 2015 to May 2020

Supplementary notes

The source adds the following information: "The available data on declared bankruptcies in March, due to COVID-19, are not suitable to provide a true and fair view of the true extent of the month's bankruptcies. Statistics Denmark received a total of data on 295 bankruptcies in March. Of these, 151 are active enterprises and 144 bankruptcies are "zero enterprises". The general level over the past year is approx. 640 bankruptcies a month. The figures for March therefore significantly underestimate the actual bankruptcy conditions, but the real level is [still] very uncertain."

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