Holvis bankruptcy risk assessment

The Holvis model for assessing bankruptcy risk

This is an original model by Prof. Hołda, created in cooperation with Ecovis (hence the name Holvis) which makes it possible to properly assess the risk of business entities operating in Poland going bankrupt. This solution enhances the quality of financial review services and increases the security of our customers.

A bankruptcy risk assessment of business entities is a vital element of knowledge for:

• investors,
• managers,
• accountants,
• auditors.

The HOLVIS bankruptcy forecast model was developed on the basis of financial data on Polish businesses, and has been verified and perfected in step with changing economic conditions. In this way, HOLVIS is a more effective risk assessment tool than the popular Z-score model developed and pre-tested in the West.