Subject. Enterprises that are actively operating in the market are exposed to factors affecting their financial health. If the nature of the factors is negative, the enterprises will face adverse impact, like a decrease in financial stability and solvency. Objectives. The study aims at development of scientific and practical tools for information and analytical substantiation of bankruptcy probability assessment and monitoring of financial health of organizations of the fisheries complex when making management decisions. Methods. The methodological approach to assessing the probability of bankruptcy of fisheries enterprises relies on the study of multifactor models designed to predict bankruptcy. Results. The paper considers causes of bankruptcy and the influence of factors leading to loss of solvency of the enterprise, defines specific features of bankruptcy of fishing companies. We performed the analysis of financial condition of companies with 3.22.1 "Freshwater Industrial Fish Farming" core activity. On the basis of modern scientific research in the field of assessing insolvency and the probability of bankruptcy, we developed our own methodological approach for fishing companies. Conclusions. If used, the offered methodology will provide the company managers with reliable information on the possible occurrence of company's insolvency.