Business Success and Failure Prediction Software - BEX Model

Meri Boshkoska, Milcho Prisagjanec


The possibility to predict bankruptcy of a company before it actually occurs has resulted in a development of a great number of research works on business failure. In theory, there are several models that could predict the financial instability of the companies. A few of these models have been expanded and applied in the developed countries the market environment of which differs from those in the developing and transition countries.

When evaluating and predicting the excellence of a company it is important to consider the economic environment in which the company has been dealing. This is we have decided to use the BEX model as it has been designed for the Croatian business environment which is similar to the Macedonian one.

The objective of this paper has been reached by developing a software analysis based on BEX model which enables calculation, determination and visual presentation of a company’s excellence, as well as a business success and failure prediction.


BEX model, financial distress, company bankruptcy, software interface.


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