Small and medium enterprises (SME) are the focus of numerous scientific studies, Abstract: European and national programs. Their revenue-generating capability attracts the attention of investors, government institutions and other partners. This can be observed in a number of attempts to define SMEs by The Bolton Report and The European Commission. The Small Business Act places a focus on the need for methods to assess the viability of SMEs. The Z-score model developed by Edward Altman predicts publicly…