The main purpose of this paper is to create a logistic regression model for short-term liquidity prediction. The model is specific for companies in Croatia and as a result it gives probability that a company will not be liquid over the period of one year. In developing the model financial ratios of liquidity, turnover ratios, financial leverage ratios, cost effectiveness ratios and profitability ratios are used. Results show that for liquidity prediction for Croatian companies each of the financial ratios group should be taken into the analysis: 1. liquidity ratios, 2. leverage ratios, 3. turnover ratios, 4. cost effectiveness, and 5. profitability ratios. Besides, analysis showed that there is a difference in liquidity in Croatian companies due to region and industry classification.