1. Financial figures
Der er utroligt mange faktorer, der kan indikere, om en virksomhed er under konkurs – eller er på vej til det. Dog er det i mange tilfælde regnskabstallene, som man bør analysere på først for at danne sig et billede af virksomhedens økonomiske situation.
For på trods af, at regnskabstal ofte er op imod 1 år gamle, så viser regnskabet en indikation af, hvordan virksomheden klarer sig; er der vækst i medarbejdere, omsætning, bundlinje, egenkapital, aktiver osv.
Finding financial figures has never been easier and is often just a few clicks away - also at Qatchr, where financial figures are part of our company credit ratings.
Read also: Key metrics - An important tool
2. Payment patterns change
Companies often pay their invoices in very different ways; some pay before the payment deadline, others on the day, while some pay consistently late.
If this pattern changes significantly, it's often an alarming sign that you should pay attention to. Because many businesses facing financial challenges often choose to prioritize their bills - and often your invoice is not prioritized over rent or employee salaries.
3. Who owns the business?
Who owns the company you do business with? Most people don't think about it on a day-to-day basis - but we recommend that you always familiarize yourself with who owns and runs the company.
We often see business owners who have many bankruptcies behind them. This is obviously an increased risk for you, as they have a tendency to run themselves into the ground. Many bankruptcies often paint a picture of poor management and financial management.
With Qatchr, you can actually identify bankruptcy riders and CVR-related people with bankruptcies behind them. When you search for a company or look up a CVR person, you get insight into indirect and direct bankruptcy relationships.
This is valuable information that you can use in your credit policy.
4. Pay attention to certain industries
Bankruptcies happen in all industries, among all types and sizes of companies. However, there are certain industries and business types that are overrepresented among bankruptcies in Denmark. You should be aware of these as they can pose a financial risk to do business with.
The latest figures from Statistics Denmark show that the vast majority of bankruptcies occur in trade, commerce and transportation, construction and business services.
If you have an overrepresentation of customers in these industries, you need to pay attention. We recommend that you credit assess these business customers more often.
5. Credit rating
Credit ratings of companies and customers in general are never a guarantee of spotting a bad payer - or avoiding bankruptcy. But you are significantly better off and far more informed with accurate credit ratings.
At Qatchr, we have perhaps Denmark's most advanced credit check - which includes relevant financial information about your customers, including accounting data (if it's public!). Valuable data that can be included in your credit rating.
Get a free demo of Qatchr
Qatchr is perhaps Denmark's most user-friendly and accurate credit check tool for small and medium-sized Danish companies.
We're so confident that we can help your customers gain better financial insights with our tool that we offer a free, 100% no-obligation demo.
Try a free, no-obligation demo of Qatchr now.
