Accuracy and reliability

Overall accuracy

The number of bankruptcies is counted directly from the source, as a bankruptcy is valid only if announced in the Danish Official Gazette (Statstidende).

Company age is calculated from the start date in the Statistical Business Registry. This date is the start date for the specific 'cvr'-number, i.e. the company's administrative identification number in the Central Business Registry (Centrale Virksomhedsregister). A potential error arises when companies change 'cvr'-number for administrative reasons, in situation where the company for practical purposes can be considered the same. In such cases, company ages will be underestimated.

Data on turn-over refer to turn-over in the four quarters previous to the data of bankruptcy while employment refer to the figure in the previous quarter. They do therefore not necessarily reflect the size of the company at the time of bankruptcy as e.g. lay-offs can have happened in the mean time.

For information on inaccuracy concerning turn-over and employment data, please consult the declarations of content for 'Purchases and sales by industry' and 'eIncome-system', respectively.

The figures on the most recently published periods of petitions for liquidation proceedings can be altered by new data deliveries.

Index for new enterprises is a good indication of the number of newly registered enterprises starting up. The statistics cannot be compared with the Business Demographics, where new company registrations are cleared for take overs from other enterprises.

Sampling error

Not relevant for this statistics.

Non-sampling error

Company age is calculated from the start date in the Statistical Business Registry. This date is the start date for the specific 'cvr'-number, i.e. the company's administrative identification number in the Central Business Registry (Centrale Virksomhedsregister). A potential error arises when companies change 'cvr'-number for administrative reasons, in situation where the company for practical purposes can be considered the same. In such cases, company ages will be underestimated.

Data on turn-over refer to turn-over in the four quarters previous to the data of bankruptcy while employment refer to the figure in the previous quarter. They do therefore not necessarily reflect the size of the company at the time of bankruptcy as e.g. lay-offs can have happened in the mean time.

For information on inaccuracy concerning turn-over and employment data, please consult the declarations of content for 'Purchases and sales by industry' and 'eIncome-system', respectively.

Quality management

Statistics Denmark follows the recommendations on the organisation and management of quality set out in the Code of Practice for European Statistics and the accompanying implementation model, the Quality Assurance Framework. Read more about these on the page Quality in official statistics.

Quality management is supported by common principles, guidelines and managerial responsibility for quality in statistical products and processes. The aim is to ensure a systematic and consistent approach to quality across the entire statistical production.

Quality assurance

Quality assurance at Statistics Denmark is integrated into the statistical production processes and is carried out in accordance with the principles of the Code of Practice for European Statistics. Read more on the page Quality in official statistics.

Quality assurance includes the continuous use of standardised procedures, documentation in line with international standards and internal controls related to data collection, data processing and dissemination. Experience gained from production is continuously used to identify needs for adjustments and improvements.

Quality assessment

The quality and reliability of the number of declared bankruptcies are very high. The numbers are counted directly on the source data as a bankruptcy is valid only if announced in the Danish Official Gazette (Statstidende). There are no changes to former published data.

Company age is calculated from the start date in the Statistical Business Registry. This date is the start date for the specific 'cvr'-number, i.e. the company's administrative identification number in the Central Business Registry (Centrale Virksomhedsregister). A potential error arises when companies change 'cvr'-number for administrative reasons, in situation where the company for practical purposes can be considered the same. In such cases, company ages will be underestimated.

Data on turn-over refer to turn-over in the four quarters previous to the data of bankruptcy while employment refer to the figure in the previous quarter. They do therefore not necessarily reflect the size of the company at the time of bankruptcy as e.g. lay-offs can have happened in the mean time.

For information on inaccuracy concerning turn-over and employment data, please consult the declarations of content for 'Purchases and sales by industry' and 'eIncome-system', respectively.

The figures on the most recently published periods of petitions for liquidations can be altered by new data deliveries.

Data revision - policy

Statistics Denmark revises published figures in accordance with the Revision Policy for Statistics Denmark. The common procedures and principles of the Revision Policy are for some statistics supplemented by a specific revision practice.

Data revision practice

Only final figures for declared bankruptcies are published.

The figures on the most recently published periods of petitions for liquidations can be adjusted by new data deliveries.

Index for new enterprises are final.