Light in 2021: More entrepreneurship and fewer bad payers

Several new Danish companies saw the light of day in 2021.

It appears from a new analysis made by Dun & Bradstreet (former Bisnode).

At the same time, looking back shows that the number of bad payers was at its lowest level since 2010. After a corona-filled year with artificially few bankruptcies in 2020, 2021 became a more normal year for companies that had to turn the key.

The Danish economy had a good year in 2021, if you look at the number of new companies. According to a review of figures for 2021, it appears that the number of newly established companies is 93,101 against 88,955 in 2020. An increase of 4.7 per cent.

In particular, association life seems to be flourishing and is thus the industry with the highest growth in the number of companies – namely 8,226 companies in 2021. Other places where we see more companies are in Transport and Freight Handling and Culture, Amusement and Sports.

According to Christian Anders Elkjær, Subject Matter Expert at Dun & Bradstreet, the number of new companies is the highest since 2018.

“There are a record number of newly formed companies in 2021 compared to the previous three years. This also applies despite the fact that the number of discontinued companies is deducted, ”says Christian Anders Elkjær.

Normalization of bankruptcies

The number of bankruptcies increased significantly in 2021 compared to 2020. However, 2020 was a very special year with a record few bankruptcies. In 2021, there were a total of 8,374 bankruptcies against 5,548 in 2020. In 2019, there were 8,272 bankruptcies. Thus, the level in 2021 is in line with 2019, before Corona took over everyday life.

If you look geographically at the bankruptcies, the capital accounts for the largest increase with 4,752 bankruptcies in 2021 against 2,636 in 2020.

“We see that the number of bankruptcies in 2021 has increased significantly compared to 2020. However, it must be seen in connection with the fact that 2020 was a special year with very few bankruptcies. We see the largest increase in the capital area, including Copenhagen, which is also where the largest share of companies is located, ”says Christian Elkjær.

The Danes’ personal finances are improving

2021 was a year in which significantly fewer people were registered as bad payers compared to 2020, when the figure was approx. 180,000 debtors. In fact, the number of bad payers is approx. 160,000 debtors at the end of 2021 the lowest level since 2010. A positive trend that is also in line with the fact that unemployment is currently is at its lowest level since 2008.

However, there are regional differences, as the municipalities with the fewest bad payers per inhabitants are municipalities that are usually also considered municipalities with economically strong citizens such as Allerød, Dragør, Rudersdal and Gentofte. Similarly, there are most bad payers per. inhabitants in municipalities with low average incomes such as Lolland, Guldborgsund, Tønder and Haderslev.


Source: IT-Kanalen by it-kanalen.dk.

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