Company Liquidation in Denmark

BridgeWest handles all steps required for company liquidation in Denmark. Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any other necessary activities for closing a business in Denmark.  

BridgeWest handles company liquidation in Denmark. For more information, please contact us.

The main regulations regarding the liquidation of a company in Denmark are related to the Public Companies Act and the Private Companies Act. The two acts deals especially with the cases when the members of the company decides to close the business without being forced to do it.

Liquidation of a company in Denmark is made upon the decision of the General Meeting of the Shareholders in case of a solvent liquidation. After taking this decision, the Commerce and Companies Agency must be notified within 2 weeks. In the future actions, the company must use its name followed by the termination “in solvent liquidation”.

In cases where the company had an availability date which expired and didn’t announce the liquidation or didn’t appoint a liquidator, a Court may decide to liquidate the company. The name of the company must be followed in this case by the termination “in compulsory liquidation”. Another reason a company may be liquidated is the failure in deposit the annual financial reports and other relevant documents to the Commerce and Companies Agency or not appointing the managers and auditors requested by the law.

The decision must be published in the Official Gazette. The Court must appoint a liquidator. The winding up expenses are paid from public funds if necessary.

The liquidator is replacing the management board and directors. The general meeting of shareholders or the Court may dismiss the liquidator if necessary. The liquidator must prepare a balance sheet and a profit and loss account checked by the creditors and the shareholders and deposit at the Commerce and Companies Agency. An announcement must be published in the Official Gazette. Also all the creditors are announced in writing regarding the liquidation of the Denmark company. A period of minimum 3 months is settled for issuing the claims.

If the claims are registered after the determined period, they must be paid from the assets and not distributed among the shareholders.

In certain circumstances, the solvent liquidation may be revoked and a general meeting must choose a board of directors and an auditor. The share capital must be increased or decreased in accordance to the settled minimum share capital. The Commerce and Companies Agency must be notified within two weeks from the resolution.

If the debts cannot be paid in full, the general meeting of the shareholders must complete an insolvency petition.

As a result of the liquidation compulsory or solvent, the company is erased from the register of companies.