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Retail

Jewellery & watches

Guld, ure og smykker

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Active in Denmark
1,354
2.2 per 10,000 residents
3-year change
+1.0%
12 months: -2.4%
Opened / closed (12 mo.)
152 / 185
Median gross profit
DKK 653k
58% profitable

Deeper numbers

Survival, trouble signs, competition and people for jewellery & watches in Hele Danmark.

Survival

Still open after 1 year82%
Still open after 3 years60%
Still open after 5 years45%

Businesses that closed in the last 10 years were open for 7.0 years on average.

Share of businesses started in the 10 years before each mark that were still open after 1, 3 and 5 years.

Trouble signs

Closed within 2 years of opening (last 12 months)74 · 40% of all closures
Companies with negative equity25%
Losses two years in a row28%

Equity and losses from annual reports 2025.

Financial health

Made a loss39%
Median equity ratio38%
Gross profit per employeeDKK 453k
Staff costs per employeeDKK 389k

Medians of companies that filed annual reports for 2025 - 444 companies.

Competition

Run by chains (3+ places)16%
Share of the 3 largest operators7% · 1,119 owners
40 places
34 places
19 places
18 places
13 places

New and established

Openings per 10,000 residents (12 months)0.25
Average age of active businesses11.7 yrs
Younger than 2 years18%
Older than 10 years41%

Distance to the nearest one

Residents more than 5 km from one1,042,224 · 17%
More than 10 km313,561
Farthest parish (5,000+ residents)12.2 km · Grene Sogn (Billund)

Measured from each parish centre.

When businesses open and close

050100150Opened Jan: 120Closed Jan: 46JanOpened Feb: 59Closed Feb: 51Opened Mar: 78Closed Mar: 71MarOpened Apr: 72Closed Apr: 50Opened May: 82Closed May: 58MayOpened Jun: 60Closed Jun: 96Opened Jul: 67Closed Jul: 39JulOpened Aug: 76Closed Aug: 52Opened Sep: 86Closed Sep: 69SepOpened Oct: 72Closed Oct: 43Opened Nov: 68Closed Nov: 43NovOpened Dec: 52Closed Dec: 117
OpenedClosed

Per calendar month, 2021–2025. Many closures are dated 31 December (the end of a financial year), so December's closures are higher than when businesses actually stopped.

Jobs

02,0004,0006,00020172019202120232025Employees

Average number of employees reported in the annual reports of companies that file accounts, sole proprietorships are not included.

Farthest from the nearest jewellery & watches

Postcodes with at least 10,000 residents, measured from the postcode centre (the average of its addresses) – possible gaps in the local offer.

PostcodeResidentsDistance
9240 Nibe12,52311.6 km
5450 Otterup10,79711.4 km
6760 Ribe14,94911.2 km
6500 Vojens13,63410.6 km
8464 Galten13,5308.0 km
9560 Hadsund10,3166.7 km
7323 Give11,7834.7 km
7700 Thisted25,2284.2 km
9230 Svenstrup J11,6554.0 km
3480 Fredensborg13,3293.4 km

Active in Denmark over time

05001,0001,5002011Q4 13Q3 16Q2 192022Q4 24Jewellery & watches

Openings and closures per year

0100200300Opened 2015: 132Closed 2015: 1092015Opened 2016: 161Closed 2016: 131Opened 2017: 138Closed 2017: 1292017Opened 2018: 130Closed 2018: 135Opened 2019: 129Closed 2019: 1032019Opened 2020: 177Closed 2020: 120Opened 2021: 187Closed 2021: 1232021Opened 2022: 167Closed 2022: 134Opened 2023: 162Closed 2023: 1502023Opened 2024: 201Closed 2024: 143Opened 2025: 175Closed 2025: 1852025Opened 2026 (so far): 130Closed 2026 (so far): 1532026*
OpenedClosed* 2026 so far

Financials of companies filing accounts

0500k1.0m20172019202120232025Median gross profitMedian result
Median gross profitMedian result

Based on annual reports from Erhvervsstyrelsen. Sole proprietorships don't publish accounts.

By year

YearFilersMedian gross profitMiddle 50%Profitable
2025444DKK 653k DKK 0 – DKK 2.2m58%
2024455DKK 703k DKK -2,696 – DKK 2.2m54%
2023450DKK 625k DKK 2,471 – DKK 2.2m50%
2022434DKK 869k DKK 21k – DKK 2.3m58%
2021417DKK 925k DKK 41k – DKK 2.5m62%
2020402DKK 827k DKK 15k – DKK 2.3m62%
2019401DKK 943k DKK 41k – DKK 2.5m59%
2018373DKK 978k DKK 108k – DKK 2.4m56%
2017182DKK 715k DKK 11k – DKK 2.2m53%

By region

RegionActivePer 10k3-yr change
Region Hovedstaden6013.1+4%
Region Midtjylland2752.0+4%
Region Nordjylland1151.9-8%
Region Sjælland1371.6-2%
Region Syddanmark2221.8-5%

What's included

Businesses whose main Danish branche code (DB07/DB25) starts with:

4777…Detailhandel med ure, smykker og guld- og sølvvarer

Also found by searching: jewellery, jewelry, smykker, guldsmed, ure, watches