On average, we see more than 5,000 Danish companies go bankrupt every year. The reasons for bankruptcy can be many - but it often happens out of the blue for customers, partners and suppliers, who are often left with a bad experience and unpaid bills.
The many causes make it challenging to spot bankruptcies in advance. But it's not impossible! In this article, we'll equip you to identify the warning signs well in advance.
1. Financial figures
There are an incredible number of factors that can indicate whether a company is in bankruptcy - or on its way to it. However, in many cases, it is the accounting figures that should be analyzed first to get a picture of the company's financial situation.
Because despite the fact that accounting figures are often up to a year old, the financial statements give an indication of how the company is performing; is there growth in employees, revenue, bottom line, equity, assets, etc.
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.
Læs også: Nøgletal – Et vigtigt værktøj
2. Betalingsmønstre ændres
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. Hvem ejer virksomheden?
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 find out 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.
Med Qatchr kan du faktisk identificere konkursryttere og CVR-relaterede personer med konkurser i ryggen. Når du søger efter en virksomhed eller slår en CVR-person op, får du nemlig indblik i indirekte og direkte konkursrelationer.
This is valuable information that you can use in your credit policy.
4. Vær opmærksom på visse brancher
Konkurser sker i alle branche, blandt alle typer og størrelser af virksomheder. Men alligevel er der visse brancher og virksomhedstyper, der er overrepræsenteret blandt konkurserne i Danmark. Disse skal du være opmærksom på, da de kan udgøre en økonomisk risiko at handle med.
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. Kreditvurdering
Kreditvurdering af virksomheder og kunder generelt er aldrig en garanti for at kunne spotte en dårlig betaler – eller undgå en konkurs. Men du er væsentligt bedre stillet og langt mere oplyst, med de præcise kreditvurderinger.
Hos Qatchr har vi Danmarks måske mest avancerede kreditopslag – der inddrager relevante økonomiske oplysninger om dine kunder, herunder også regnskabsdata (såfremt de er offentlige!). Værdifuld data der kan indgå i din kreditvurdering.
