In this study, we apply several advanced machine learning techniques including extreme gradient boosting (XGBoost), support vector machine (SVM), and a deep neural network to predict bankruptcy using easily obtainable financial data of 3728 Belgian Small and Medium Enterprises (SME's) during the...

Symptoms of Bankruptcy: The Case of Belgium. Like many other countries, Belgium has faced a growing number of corporate bankruptcies since the “subprime“ crisis. This number increased by more than 43% between 2007 and 2012. Based on a sample of Belgian companies covering a period from 2002...

Purpose – The aim of this paper is to develop a bankruptcy prediction model for the Belgian small- and medium-sized enterprises (SMEs) through the building of a logit model that includes a selection of financial ratios. Design/methodology/approach – Using a sample of 7,152 Belgian SMEs among...