Danish Company Credit Reports

Danish company credit reports are delivered by email within 24 hours in most cases. If a company is not live on our database, we will carry out a fresh investigation for you.

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Credit report content

The reports are updated on a daily basis and include, where available:

Registration information including address, registration date, number etc
Contact details including website etc, where available
Credit recommendations, where financial data has been analysed
Type of company, size and trading status
Financial data and key ratios (if filed)
Shareholders and share capital
Directors
Associated companies
Public records
General information, including reporter comments

Official documents available

Copies of original legal documents filed at the company registry. Documents are in the official local language and certified translations can be arranged if required. Please contact us to order documents.

Name Search
Company Register Extract
Articles
Filed Accounts
Certificate of Incorporation
Certificate of Good Standing
Directors List
Shareholders List

Accounts filing requirements and legal obligations

Every financial year A/S and ApS companies must present an annual report in accordance with the Danish Financial Statements Act (see below). The audited annual report must be filed with the DCCA. The annual report is open for public inspection and unless otherwise provided by law, the annual report must contain:

Financial statements of the A/S company or ApS company
Financial statements of a group managed by the company (consolidated financial statements)
A management review
A statement by the board of directors and board of management in which these bodies confirm, among other things, that the annual report provides a true and fair view of the company’s financial position

The management is responsible for preparing the annual report. Any company which is under an obligation to prepare an annual report must have the report audited by one or more independent auditors. The audit shall not comprise supplementary reports forming part of the annual report.

Danish financial statements act (FS Act) On 1 January 2002 the FS Act came into effect. In respect of recognition and measurement, the FS Act can be seen as an alignment towards international accounting standards, however does not introduce International Financial Reporting Standards (IFRS/IAS) for non-listed companies. The provisions governing the preparation of the annual report, are divided into reporting classes A, B, C and D, of which classes B and C are the typical classes for Danish holding companies.

Small Class B companies Defined as those not exceeding two of the following limits at the balance sheet date in two consecutive financial years:

A balance sheet total of DKK 20 million (approx EUR 2.7 million)
Revenue of DKK 40 million (approx EUR 5.4 million)
An average number of 50 full-time employees during the financial year

Medium-sized and large Class C companies Defined as companies that are not small companies (Class B) and are not listed companies.

Consolidation The general rule in the FS Act is that a parent company is required to prepare a consolidated annual report. Two exceptions apply for holding companies:

Small groups A Danish parent company may omit to present a consolidated annual report if the reporting company can be considered a small group (under the above definitions of a small company) and, between them, do not exceed two of the above-mentioned limits at the balance sheet date. The balance sheet total and revenue are calculated as the sum of all of the consolidated companies’ balance sheet totals and revenue, respectively.The majority of holding companies however do not qualify for this exception due to the size of activities in their subsidiaries.

Intermediate holding company If certain conditions are met, a Danish holding company may as a parent company omit to present a consolidated annual report if it is itself a subsidiary of a higher-ranking parent company. One of the conditions is that the higher-ranking parent prepares a consolidated annual report in accordance with Council Directive 1983/349/EEC as amended or in accordance with rules at least equal to the rules governing consolidated annual reports laid down in the said Directive5 and such consolidated annual report is audited by persons who are authorised to do so in accordance with the national legislation applicable to the higher-ranking parent.