436038
/en/virksomheter-foretak-og-regnskap/statistikker/konkurs/kvartal
436038
statistikk
2021-02-04T08:00:00.000Z
Establishments, enterprises and accounts;Banking and financial markets
en
konkurs, Bankruptcies, bankruptcies by industry, sales value, enterprise bankruptcies, personal bankruptcies, compulsory sales, organisational structure, year foundedBankruptcies, Financial indicators, Banking and financial markets, Establishments, enterprises and accounts
true

Bankruptcies

Updated

Next update

Key figures

1 119

bankruptcies in Q4 2020

Bankruptcies
1st quarter 20202nd quarter 20203rd quarter 20204th quarter 2020
Total number of bankruptcies1 2459378001 119
Bankruptices related to enterprises1 054876730890
Personal bankruptcies, incl. sole proprietorships1916170229
 
Bankruptcies in construction327178220332
Bankruptcies in wholesale and retail trade, repair of motor vehicles and motorcycles263202167178

See selected tables from this statistics

Table 1 
Bankruptcies, by industrial activity

Bankruptcies, by industrial activity
4th quarter 20194th quarter 2020
Bankruptcies related to enterprises, excl. sole proprietorshipsBankruptcies related to sole proprietorships, incl. personal bankruptciesBankruptcies related to enterprises, excl. sole proprietorshipsBankruptcies related to sole proprietorships, incl. personal bankruptcies
Total1 057213890229
 
Agriculture, forestry and fishing148136
Mining and quarrying3010
Manufacturing424313
Electricity, gas, steam and air conditioning supply1000
Water supply3040
Construction2667423696
Wholesale and retail trade2341516414
Transportation and storage43305844
Accommodation and food service activities1308993
Information and communication315354
Financial and insurance activities60131
Real estate activities470412
Professional, scientific and technical activities97217323
Administrative and support service activities65195819
Public administration and defence0000
Education10093
Human health and social work activities14670
Arts, entertainment and recreation16851
Other service activities248337
Activities of household as employers0000
Activities of extraterritorial organisations and bodies0000
Unknown industry117103

Table 2 
Bankruptcies, turnover and persons employed, by industrial activity

Bankruptcies, turnover and persons employed, by industrial activity
4th quarter 20194th quarter 2020
BankruptciesTurnover in NOK 1 000Persons employedBankruptciesTurnover in NOK 1 000Persons employed
Total1 2706 527 1915 1281 1194 599 6173 154
 
Bankruptcies related to enterprises except sole proprietorships1 0576 401 6194 9708904 431 1272 931
 
Agriculture, forestry and fishing1476 451531334 72339
Mining and quarrying3:261:1
Manufacturing42245 47913731..116
Electricity, gas, steam and air conditioning supply1:..000
Water supply3:04:10
Construction2661 168 3358462361 923 846939
Wholesale and retail trade2343 084 0782 315164988 583419
Transportation and storage43210 62312558227 799199
Accommodation and food service activities130389 37273299..569
Information and communication3140 499273569 72244
Financial and insurance activities61 0991713..25
Real estate activities4779 3611941..32
Professional, scientific and technical activities97705 91323573163 91892
Administrative and support service activities65216 19226858294 380312
Public administration and defence000000
Education101 306269..18
Human health and social work activities143 13123707
Arts, entertainment and recreation1671 688835..29
Other service activities2419 768363345 47680
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry11:210:0
 
Sole proprietorships incl. personal bankruptcies213125 572158229168 490223
 
Agriculture, forestry and fishing85 700962 7584
Mining and quarrying000000
Manufacturing43 54933..4
Electricity, gas, steam and air conditioning supply000000
Water supply0:0000
Construction7463 477699665 54080
Wholesale and retail trade159 46771419 88019
Transportation and storage3017 838284435 10346
Accommodation and food service activities86 99663..9
Information and communication51 441241 8181
Financial and insurance activities0001..0
Real estate activities0:02:1
Professional, scientific and technical activities214 01842314 03422
Administrative and support service activities198 574131917 16627
Public administration and defence000000
Education0:03:1
Human health and social work activities6:5000
Arts, entertainment and recreation81 46861..2
Other service activities83 044672 1864
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry7....3..3

Table 3 
Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)

Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)
4th quarter 20194th quarter 2020
TotalLess than 51 00051 000-100 000101 000-250 000251 000-500 000More than 500 000TotalLess than 51 00051 000-100 000101 000-250 000251 000-500 000More than 500 000
Total1 010654137705099866556126674077
 
Viken0000001871361811715
Østfold (-2019)54426033000000
Akershus (-2019)1218918338000000
Buskerud (-2019)603910434000000
Oslo1931262815618188134289413
Innlandet00000029215111
Hedmark (-2019)34185425000000
Oppland (-2019)28142435000000
Vestfold og Telemark00000074518366
Vestfold (-2019)39244443000000
Telemark (-2019)39255108000000
Agder000000512610618
Aust-Agder (-2019)18124011000000
Vest-Agder (-2019)42258324000000
Rogaland67428458593410645
Vestland00000010657201838
Hordaland (-2019)896513335000000
Sogn og Fjordane (-2019)18103212000000
Møre og Romsdal44216431028128215
Trøndelag - Trööndelage10056121281274497468
Nordland3124321137215353
Troms og Finnmark - Romsa ja Finnmárku00000033157425
Troms - Romsa (-2019)22142411000000
Finnmark - Finnmárku (-2019)1180111000000
Svalbard000000000000

Table 4 
Bankruptcies, by county and legal form

Bankruptcies, by county and legal form
4th quarter 20194th quarter 2020
TotalSole proprietorships incl. personal bankruptciesGeneral partnershipPrivate limited companyPublic limited companyCompany with limited liabilityNorwegian division of foreign enterpriseOther legal formUnknownTotalSole proprietorships incl. personal bankruptciesGeneral partnershipPrivate limited companyPublic limited companyCompany with limited liabilityNorwegian division of foreign enterpriseOther legal formUnknown
Total1 27021311 01000351101 1192290865102130
 
Viken00000000027683018700600
Østfold (-2019)671005400120000000000
Akershus (-2019)15526012100620000000000
Buskerud (-2019)771506000020000000000
Oslo2454601930060025256018710800
Innlandet000000000421202900100
Hedmark (-2019)44803400200000000000
Oppland (-2019)35702800000000000000
Vestfold og Telemark000000000901407400200
Vestfold (-2019)521103900110000000000
Telemark (-2019)491003900000000000000
Agder00000000060905100000
Aust-Agder (-2019)23201800210000000000
Vest-Agder (-2019)49704200000000000000
Rogaland871916700000731405900000
Vestland00000000012415010600210
Hordaland (-2019)12324089001000000000000
Sogn og Fjordane (-2019)19101800000000000000
Møre og Romsdal561004400200401002800110
Trøndelag - Trööndelage11313010000000871107400110
Nordland3630310011039203700000
Troms og Finnmark - Romsa ja Finnmárku00000000036303300000
Troms - Romsa (-2019)24002200200000000000
Finnmark - Finnmárku (-2019)15101100120000000000
Svalbard000000000000000000
County not stated100000100000000000

About the statistics

The statistics give an overview of bankruptcies in Norway and are based on data from the Bankruptcy Register

Definitions

Definitions of the main concepts and variables

Bankruptcies
All juridical objects, which includes all types of firms/enterprises and individuals who have unpaid accounts and are by definition insolvent, can be declared bankrupt. Insolvency is defined as: "When one cannot fulfil its obligations after they have matured." An exception from this is when the insolvency is incidental.

Standard classifications

Standard for Industrial Classification (SIC2007)

Classification of Organization form

Administrative information

Name and topic

Name: Bankruptcies
Topic: Establishments, enterprises and accounts

Next release

Responsible division

Division for Business Dynamics Statistics

Regional level

National, county and municipality level

Frequency and timeliness

Monthly and quarterly

The monthly bankruptcy statistics is based on information from the Register of Bankruptcies in Brønnøysund, which Statistics Norway receives once a month. The data contains data on bankruptcies from the 15th of the previous month to the 15th of the current month. The data is revised so that the file contains data for the whole previous month. Monthly numbers of bankruptcies, forced sales and registration execution proceedings are published in table 07218 in StatBank. Other monthly numbers are published in table 09695 og 08551 in StatBank.

Quarterly bankruptcy statistics is based on monthly data, which Statistics Norway receives from the Register of Bankruptcies in Brønnøysund. It is published at the end of the following month after each quarter.

International reporting

Data is part of a delivery til OECD and a voluntary data collection to Eurostat.

Microdata

Micro data and information on population are temporarily stored in the program language SAS and over the long term as text files. A main file is updated with new data each month. StatBank is updated each quarter.

Background

Background and purpose

The purpose of the statistics is to give a survey on bankruptcies in Norway. Furthermore, it provides a categorisation by county, industry, ownership, as well as number of employees, turnover and amount of share capital.

Data on bankruptcies is available from 1920, and for some industries from 1929. Data from 1981 is available in a database.

From 1995 onwards, it has been possible to identify personal bankruptcies. From the same year, categorisation by industries was based on a new industry standard, called SN94. The Central Register of Establishments and Enterprises is used to categorise the statistics by industries.

Categorisation by industry for personal bankruptcies is mainly based on information from the probate registry. From 1995 to 2001, personal bankruptcies were given a 2-digit industry code by the probate registry. From 2001 onwards, Statistics Norway has determined the 2-digit industry code based on profession descriptions from the Register of Bankruptcies.

The data from the Register of Bankruptcies in Brønnøysund is supplemented with information from the Business Register, the Central Coordinating Register for Legal Entities and the Value Added Tax Registration List (the VAT Register).

Users and applications

Users of the statistics are among others financial institutions and the media.

Equal treatment of users

Principles for equal treatment of users in releasing statistics and analyses

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on www.ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar.

Coherence with other statistics

The main variables for bankruptcies are: code for municipality and industry, legal forms, number of employees, turnover and amount of share capital. The statistics is linked to the Business Register, the Central Coordinating Register for Legal Entities and the VAT Register. This includes both personal bankrupties (including sole proprietorships) and bankruptcies related to enterprises (exclusive sole proprietorships).

Legal authority

Statistics Act Section 3-2

EEA reference

Not relevant

Production

Population

The statistics includes all bankruptcies in Norway. Information on bankruptcy proceedings is mainly based on information that probate registries and administrators in bankruptcies report to the Register of Bankruptcies. Personal bankruptcies contain bankruptcy proceedings for sole proprietorships and employees. If the debtor is not registered in the Enterprise Register in Brønnøysund, or is a sole proprietorship, the debtor will be classified as en employee. Bankruptcies related to enterprises (exclusive sole proprietorships) are obliged to be registered in the Enterprise register in Brønnøysund.

Data sources and sampling

The data is based on information from the Register of Bankruptcies.

Collection of data, editing and estimations

The Register of Bankruptcies transfers a file with bankruptcies to Statistics Norway on the 17th of each month.

Statistics Norway assumes that information on bankruptcies from the Register of Bankruptcies is correct.

Seasonal adjustment

Not relevant

Confidentiality

If the number of bankruptcies is 3 or less, figures on turnover are not published.

Comparability over time and space

Serial data on bankruptcies is available from 1920, and for some industries from 1929. Data on bankruptcies from 1981 exists in a database. In StatBank, bankruptcy statistics from the 1st quarter of 1999 is presented, as well as total yearly numbers on bankruptcies from 1980.

Accuracy and reliability

Sources of error and uncertainty

Statistics Norway assumes that information on bankruptcies transferred by the Register of Bankruptcies is correct.

Revision

Not relevant