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.

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 organisation and management of quality given in the Code of Practice for European Statistics (CoP) and the implementation guidelines given in the Quality Assurance Framework of the European Statistical System (QAF). A Working Group on Quality and a central quality assurance function have been established to continuously carry through control of products and processes.

Quality assurance

Statistics Denmark follows the principles in the Code of Practice for European Statistics (CoP) and uses the Quality Assurance Framework of the European Statistical System (QAF) for the implementation of the principles. This involves continuous decentralized and central control of products and processes based on documentation following international standards. The central quality assurance function reports to the Working Group on Quality. Reports include suggestions for improvement that are assessed, decided and subsequently implemented.

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.