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Bankruptcy prediction models are often an applied tool for detecting unfavourable development of the financial situation of the compa ny. The prediction of financial health of business entities is the most important information because of dynamic development of the business environment. Many prediction models are known nowad ays. They are different by their reliability (predictive ability), the composition of used varia bles, trade union orientation, the degree of consideration of domestic market conditions etc. It is clear from this that it is not possible to crea t a universal, unified prediction model that would be able reliably and with sufficient time to indicate unfavourable company financial development leading to bankruptcy applied in all sectors or regions. Introductory part of contribution is devot ed to the literature review of issues and the definitions of the concept of bankruptcy based on t he so-called non-prosperity indicators (profit, total liquidity and equity/liabilities ratio), that take into account the current legislation of this is ue in the Slovak republic. Then the contribution discu sses the role and significance of prediction models in corporate practice, compares the advantag es and disadvantages of models containing accounting and market indicators. The authors also devoted the space to identifying restrictions on the usability of known foreign bankruptcy models in economic conditions of V4 countries and to define a set of the most frequently applied mode ls taking into account specific economics conditions in these countries.

Overview of Selected Bankruptcy Prediction Models Applied in V4 Countries