Reporting class (regnskabsklasse)

The reporting class (A, B, C, or D) is the Danish Financial Statements Act's grouping of companies by size and type. The class determines the content requirements for the annual report — the higher the class, the more disclosure.

Class A covers the smallest, typically personally owned businesses with no statutory duty to file an annual report. Class B is small companies — the vast majority of Danish ApS companies — with lenient requirements, including the option to show gross profit instead of revenue. Class C covers medium-sized and large companies with requirements including a management review and cash flow statement, and class D is listed and state-owned companies with the strictest requirements.

Placement is determined by three size criteria: balance sheet total, net revenue, and average number of employees. If two of the three limits are exceeded in two consecutive fiscal years, the company moves up a class.

Why data quality varies

When comparing financials, remember that a class B company lawfully discloses far less than a class C company — missing revenue is not the same as missing activity.

See financials for every Danish company

Related terms

Annual report (årsrapport)

An annual report (årsrapport) is a company's complete official financial reporting for a fiscal year — typically income statement, balance sheet, notes, and management review — filed with the Danish Business Authority and made public.

Gross profit (bruttofortjeneste)

Gross profit (bruttofortjeneste) is revenue minus the direct costs of delivering goods or services (e.g. cost of goods sold). For most small Danish companies, gross profit is the top line of the published financial statements, because revenue may be omitted.

Audit requirement (revisionspligt)

The audit requirement (revisionspligt) is the duty to have the annual financial statements audited by an approved auditor. Small companies can under certain conditions opt out of audit if they stay below the statutory size limits.

Balance sheet total (balancesum)

The balance sheet total (balancesum) is the sum of all the company's assets — and equally the sum of equity and liabilities, since the balance sheet balances by definition. It is used as a measure of company size.