393683
/en/virksomheter-foretak-og-regnskap/statistikker/konkurs/kvartal
393683
statistikk
2019-11-04T08:00:00.000Z
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 foundedFinancial indicators, Bankruptcies, Banking and financial markets, Establishments, enterprises and accounts
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Bankruptcies

Updated

Next update

Key figures

1 116

bankruptcies in Q3 2019

Bankruptcies
4th quarter 20181st quarter 20192nd quarter 20193rd quarter 2019
Total number of bankruptcies1 2721 3331 2941 116
Bankruptices related to enterprises9711 049982913
Personal bankruptcies, incl. sole proprietorships301284312203
 
Bankruptcies in construction344374403296
Bankruptcies in wholesale and retail trade, repair of motor vehicles and motorcycles269304252251

See selected tables from this statistics

Table 1 
Bankruptcies, by industrial activity

Bankruptcies, by industrial activity
3rd quarter 20183rd quarter 2019
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
Total818258913203
 
Agriculture, forestry and fishing9676
Mining and quarrying1130
Manufacturing329317
Electricity, gas, steam and air conditioning supply0000
Water supply0011
Construction1899822274
Wholesale and retail trade2081623615
Transportation and storage44313930
Accommodation and food service activities886975
Information and communication217307
Financial and insurance activities7080
Real estate activities342460
Professional, scientific and technical activities63247617
Administrative and support service activities57175119
Public administration and defence0000
Education111112
Human health and social work activities18682
Arts, entertainment and recreation1013121
Other service activities23142511
Activities of household as employers0000
Activities of extraterritorial organisations and bodies0000
Unknown industry37106

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

Bankruptcies, turnover and persons employed, by industrial activity
3rd quarter 20183rd quarter 2019
BankruptciesTurnover in NOK 1 000Persons employedBankruptciesTurnover in NOK 1 000Persons employed
Total1 0763 602 4533 0311 1164 603 1033 608
 
Bankruptcies related to enterprises except sole proprietorships8183 427 6482 8019134 460 4133 413
 
Agriculture, forestry and fishing96482726 07818
Mining and quarrying1:..3:0
Manufacturing32275 56911831254 368211
Electricity, gas, steam and air conditioning supply0:0000
Water supply0:01:3
Construction189865 0387212221 363 094845
Wholesale and retail trade2081 385 5679212361 734 926852
Transportation and storage44322 52511039194 270210
Accommodation and food service activities88228 95542897245 934465
Information and communication2156 220443091 56861
Financial and insurance activities7..1883312
Real estate activities34..94660 97138
Professional, scientific and technical activities6395 5808076181 215152
Administrative and support service activities57135 10422751255 443445
Public administration and defence000000
Education11..1111..35
Human health and social work activities181 235608..22
Arts, entertainment and recreation1021 3271912..14
Other service activities2318 607332527 90839
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry3:010:1
 
Sole proprietorships incl. personal bankruptcies258174 805230203142 690195
 
Agriculture, forestry and fishing612 5931166 9045
Mining and quarrying1..1000
Manufacturing92 109271 5013
Electricity, gas, steam and air conditioning supply000000
Water supply0:01..1
Construction9856 292717453 48662
Wholesale and retail trade1620 507241523 00226
Transportation and storage3152 067493023 50433
Accommodation and food service activities65 2139510 16719
Information and communication71 739472 9174
Financial and insurance activities000000
Real estate activities2:20:0
Professional, scientific and technical activities246 42215175 88710
Administrative and support service activities176 94719197 81616
Public administration and defence000000
Education1:12:..
Human health and social work activities6:42..1
Arts, entertainment and recreation132 92271..5
Other service activities145 98511115 35610
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry7....6760

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)
3rd quarter 20183rd quarter 2019
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
Total7914831456440598875221437543104
 
Østfold4632811445288504
Akershus7149952611070151456
Oslo149107244861681112610516
Hedmark2617430223126212
Oppland219432316103102
Buskerud3220721240265027
Vestfold3522821243235447
Telemark2010720128185221
Aust-Agder1691123281110124
Vest-Agder2615540237149653
Rogaland704116724543166110
Hordaland10160226679759137513
Sogn og Fjordane10800111361213
Møre og Romsdal3815685441177557
Trøndelag623399568648145415
Nordland2813543336217404
Troms - Romsa2311531312110010
Finnmark - Finnmárku171250001063100
Svalbard000000000000

Table 4 
Bankruptcies, by county and legal form

Bankruptcies, by county and legal form
3rd quarter 20183rd quarter 2019
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 07625837910016801 1162031887011950
 
Østfold5590460000051604500000
Akershus112370710040014028011001100
Oslo1883801490010021139016800400
Hedmark2820260000030602300100
Oppland2741210001022501600010
Buskerud572003200410551304000110
Vestfold45100350000053704300210
Telemark34130200010033502800000
Aust-Agder1820160000036802800000
Vest-Agder41140260001047803700110
Rogaland952117000210751915400100
Hordaland144400101001201303109700110
Sogn og Fjordane1871100000016101300200
Møre og Romsdal50100380002048604100100
Trøndelag761406200000991008600300
Nordland3680280000039303600000
Troms - Romsa3380230020019601200100
Finnmark - Finnmárku1810170000012201000000
Svalbard000000000000000000
Unknown100000100000000000

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