{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/from-numbers-to-words-multi-modal-bankruptcy","title":"From Numbers to Words: Multi-Modal Bankruptcy Prediction Using the ECL Dataset","arxiv_id":"2401.12652","date":"2024-01-23","proceeding":null,"authors":["Henri Arno","Klaas Mulier","Joke Baeck","Thomas Demeester"],"abstract":"In this paper, we present ECL, a novel multi-modal dataset containing the textual and numerical data from corporate 10K filings and associated binary bankruptcy labels. Furthermore, we develop and critically evaluate several classical and neural bankruptcy prediction models using this dataset. Our findings suggest that the information contained in each data modality is complementary for bankruptcy prediction. We also see that the binary bankruptcy prediction target does not enable our models to distinguish next year bankruptcy from an unhealthy financial situation resulting in bankruptcy in later years. Finally, we explore the use of LLMs in the context of our task. We show how GPT-based models can be used to extract meaningful summaries from the textual data but zero-shot bankruptcy prediction results are poor. All resources required to access and update the dataset or replicate our experiments are available on github.com/henriarnoUG/ECL.","url_abs":"https://arxiv.org/abs/2401.12652v1","url_pdf":"https://arxiv.org/pdf/2401.12652v1.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"links_only","authors_date_abstract":"arXiv metadata, CC0 1.0 (https://info.arxiv.org/help/license), from the Kaggle arXiv metadata snapshot of 2026-09-12"},"code_links":[{"paper_slug":"from-numbers-to-words-multi-modal-bankruptcy","repo_url":"https://github.com/henriarnoug/ECL","is_official":1,"mentioned_in_paper":1,"mentioned_in_github":1,"framework":"pytorch","reach":null}],"tasks":[],"methods":[],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"syntology_url":"https://syntology.ai/paper/2401.12652","atlas_url":"https://app.syntology.ai/?focus=2401.12652","mcp":{"get_harvested_code_for_paper":{"arxiv_id":"2401.12652"}},"developers":"https://syntology.ai/developers","read_at":"2026-09-25T09:33:49+00:00","read_at_is":"when the build read Syntology's graph, not when any sample ran","claim":"Per-sample execution status on synthesized fixtures; not a correctness claim about the paper. Samples come from repositories linked to the paper, official or community; repo_kind says which.","repos":[{"provenance":"external:paperswithcode_snapshot_2025-07-28","url":"https://github.com/henriarnoug/ECL","reach":null}],"summary":{"ran_fixture":1},"by_repo_kind":{"official":{"samples":1,"ran":1,"repositories":1}},"repo_kind_vocabulary":{"official":"The archive marks this repository official for the paper","named_in_paper":"The archive records that the paper mentions this repository; it is not marked official","listed":"In the archive's code links for this paper, not marked official and not recorded as mentioned in the paper","found_in_text":"Syntology found this repository in the paper's own text; whether it is the authors' implementation is not asserted","community":"Not in the archive's code links for this paper; a community repository Syntology harvested"},"n_pointer_only_for_licence":1,"samples":[{"code_sha256_prefix":"819a93855d130bbc","entry":"scaled_dot_product_attention","repo":"henriarnoug/ECL","repo_kind":"official","path":"sentence-attention/model_utils.py","file_url":"https://github.com/henriarnoug/ECL/blob/HEAD/sentence-attention/model_utils.py","link_basis":"first_harvest_node","language":"python","status":"ran_fixture","verification_level":1,"contract_check":"RAISES","metamorphic_tier":"deterministic","behaviour_fingerprint":false,"licence":"NONE","inline_ok":false,"mcp_get_code":{"code_sha256":"819a93855d130bbc"}}]},"arxiv_metadata":null,"syntology_extracted_results":null}