Redbeard
Banned
Probably not I guess - the foundation for its decision was laid before WWI.
And on the British saying that Denmark should not expect any help in case of German agression. After that the partly mobilised army (Sikringsstyrken) was sent home again in Febeurary 1940 and only a diminiutive 3000 men left under arms.
The British being a little more "Churchillian" a few month in advance could very well have the Danish Government decide to keep Sikringsstyrken mobilsied and mobilise the rest on indications of a comming German operation. I would not hold it impossible, that some German circles perhaps delibetrately would leak information of the German attack, incl. the importance of Aalborg. BTW German naval units and transports had been observed going north through the Danish straits in the days preceeding the attack, and in combination with reports of German concentrations south of the D-G border, it ought not be that difficult to figure out, that both Norway was a target and that a Danish airport in operational reach of Norway (i.e. Aalborg) would be a likely high priority object of a German attack on Denmark.
Fully mobilsed the 1940 OTL army would have comprised two relatively large Divisions (12+ inf. battalions), one on Zealand and one in Jutland. That would probably have been more than the German forces allocated in OTL could have handled, but of course the Germans could have found two extra Divisiosn from the strategic reserve and so have taken Jutland, but not necessarily in time for the needs of the Norwegian campaign.
AFAIK the 1932 reduction were done in the light of failed negotiations over a Nordic alliance. But what if the negotiations are more like inconclusive (still with a hope) until say 1936-37, when they are given up. Then we have a 5+ Division (IIRC 55 inf. battalions in all) structure on which to modernise when the realities of Hitler's regime become obvious. All other things being equal that ought to increase the chance of the British promising some kind of assistance.
If the Germans still allocate the forces to attack, would it be ASB that the Briotish and French decide to go for a second front on Germany by deploying a force similar to that sent to Norway in OTL 1940? The Germans really can't touch Zealand, certainly not if the British intervene, and Jutland is too narrow to deploy the overwhelming power of the German army in. The same problem is of course present for someone planning to attack Germany from Jutland, but Jutland/Denmark being in enemy hands would be a intolerable thorn in the German flesh.
All in all my best guess is that the Germans would have left Denmark and Norway alone and instead went for a WWI model, where Denmark de facto was a German flank guard vs. British intervention in the Baltic. That of course required strong armed forces, but that was convenientkly forgotten in thye interwar years, when bloodily naive ideas about pacifism, international law etc. prevailed.
Even seen from the perspective of the "Keep Denmark out of the war" school, a non-disarmament TL would have been better, as it at least would have provided the possibility of making some real fortunes on genuinely selling foodstuff to the Germans like in WWI, and not just handing it over as in OTL WWII (The Danish government paid the farmers for the stuff sent to Germany, but nationally that of course was bad business).
So I guess we can repeat the old saying: Every country has an army, either its own, or that of another country!
Regards
Steffen Redbeard