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Failures are a concern to all companies, in Belgium and abroad as well, without exception. It is a well-known fact that the extinction of a company is a tragedy for its entrepreneurs, staff members and various other partners, as it also is for the economy of the country where it is settled.
The Belgian economic fabric is mainly made up of small and medium enterprises (SME). That is why BestValue, a company dealing with the transmission of companies, found it useful to develop a control system dedicated to performance measurement and failure control in such specific enterprises.
The more entrepreneurs will implement measuring tools to track and identify the first appearing risk indicators, in cooperating with their accountants, the better they will be armed to make decisions and try to correct the situation of their company before it is too late.
Thanks to the control system to assess small and medium companies’ health developed in this project, BestValue will offer the opportunity to accountants to get a better understanding of business failures and cope with them.
The process model hereby presented is based on accountancy and financial information analysis, with an additional qualitative approach.
This project-thesis has no intention to be comprehensive, but it mainly permits to encourage entrepreneurs and accountants to stand back from their company’s overall situation and use more control systems to prevent their possible failures.

Failing company, failure path, causes of failure, SME, control system, dashboard, quantitative and qualitative approach, performance measurement, accountants --- Sciences économiques & de gestion > Comptabilité & audit