Calculate the Altman Z score for both years. Would you give a loan to the company?

Below you can find "Alpha Logistics" financial statements for 2020 and 2019 (all amounts are in euro): Balance Sheet Statement - Alpha Logistics Assets 2020 2019 Liabilities & 2020 2019 Stockholders' Equity Current Assets Current Liabilities Cash & cash equivalents 450,000 450,000 Creditors 753,600 675,000 Net Receivables 1,350,000 1.125,000 Other current liabilities 1,500,000 1,350,000 Inventories 1,650,000 1,200,000 Total Current Liabilities 2,253,600 2,025,000 Other Current Assets 150,000 150,000 Total Current Assets 3,600,000 2,925,000 Long-term Liabilities Bank Loan 3,300,000 1.725,000 Non-current Assets Total Long-term Liabilities 3,300,000 1,725,000 Land 1,207.000 1,105,000 Buildings and Equipment 3,030,500 1,670,000 Total Liabilities 5,553,600 3,750,000 Intangible assets 1.087.500 825,000 Total Non-currents Assets 5,325,000 3,600,000 Shareholders' Equity Common Stock 1,875.000 1.875,000 Retained carnings 1,496,400 900,000 Total Stockholders' Equity 3,371,400 2,775,000 Total Liabilities and Total Assets 8,925,000 6,525,000 Stockholders' Equity 8.925,000 6,525,000 Income Statement - Alpha Logistics 2020 Sales 7.500,000 COGS 14.800.000 Gross Income 2.700,000 Selling general and administrative expenses (SG&A) 1.500,000 Earnings before interest and taxes (EBIT) 1.200,000 Interest Expenses 360.00 Pretax income 840,000 Taxes 243,600 Net Income 596,100 2019 4.500.000 700.000 1.800,000 350.000) 450,000 ES 285.000 182.6501 202.350