SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
WORM 18
WORM 18 Spółka z Ograniczoną Odpowiedzialnością
WORM 18 Spółka z Ograniczoną Odpowiedzialnością (KRS 0000779760, NIP 9910526726) is a Polish company, headquartered in Warszawa, Mazowieckie voivodeship. WORM 18 operates in: Production of electricity (PKD 35.11.Z). Industry: Energy. The company has been listed in the National Court Register since March 29, 2019. WORM 18's most recently reported net revenue was 353.0 K PLN for 2025.
Negative equity
Negative equity in 6 of 7 available reporting years.
No arrears identified in the analysed sources
No arrears or bankruptcy proceedings identified in the analysed sources.
Other activities
Credibility rating
25.2 / 100
Poor credibility
Insolvency risk
Low
Elevated threat
Closure risk
22
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
1
1/7 yrs
Board changes
4
4/7 yrs
PKD changes
1
1/7 yrs
Name changes
0
0/7 yrs
Data from 7 years of registry activity.
Payment reliability score from 2019–2025
Current: E (25/100)
Trend: deteriorating (-11.8 pts/year)
Bardzo słaba wiarygodność płatnicza – współpraca handlowa wiąże się z wysokim ryzykiem braku zapłaty.
Standard limit from 2019–2025
Current: 4.1 K PLN
Safe: 828.27 PLN
Difference between risk models
Closure - probability of ceasing operations (operational continuity). Insolvency - probability of formal bankruptcy / restructuring. The models use different data - results can diverge significantly when balance-sheet data is incomplete.
Founded
March 29, 2019
7 years in operation
Legal form
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Registry: RejP
Headquarters
WARSZAWA
MAZOWIECKIE
Primary PKD
35.11.Z
Production of electricity
Share capital
5.0 K PLN
100 shares total
Shareholders
1
shareholder
Board
4 people
Filed years
7 years
2019–2025 · profitable: 1/7
Registry entries
29
latest: July 15, 2026
Risk signals
Revenue
353.0 K PLN
2025
Net profit
-45.8 K PLN
2025
Assets
2.9 M PLN
2025
Equity
-146.7 K PLN
2025
EBITDA
N/A
2025
no depreciation data
Valuation
746.6 K PLN
Low confidence
Low confidence
Rate business credibility - WORM 18.
No ratings

Explainer
Enea S.A. (KRS 0000012483), headquartered at ul. Pastelowa 8 in Poznań, is Poland's fourth-largest energy group (after PGE, Tauron and Energa), controlled by the State Treasury. It operates the Kozienice power plant (Poland's largest coal-fired plant after PGE's Bełchatów) and Połaniec, runs distribution networks across five north-western Polish voivodeships, and controls the Lubelski Węgiel Bogdanka coal mine. Its 2025 financial statements show revenue of PLN 28.1bn and net profit of PLN 1.82bn (up 30% year on year). Listed on the WSE since 2008 and an mWIG40 constituent, with a four-member management board and a ten-member supervisory board.

News
Wrocław-based Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. (KRS 0000001010), part of the PGE Energia Ciepła group controlled by PGE Polska Grupa Energetyczna, closed 2025 with EBITDA of PLN 579m (+PLN 131m, +29.2% YoY) and net profit of PLN 277m (+PLN 75m, +37%). Revenue per the 2025 financial statements reached PLN 2.65bn (+3.7% YoY). Electricity sales hit 2,837 GWh (+31% YoY), driven mainly by the EC Czechnica-2 gas-steam unit commissioned in May 2025 (315 MWt + 179 MWe). Heat sales rose 6% YoY on a colder 2025. CO2 allowance costs fell by PLN 112m, while capacity-market and high-efficiency cogeneration support revenue rose by PLN 57m.
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
WORM 18 Spółka z Ograniczoną Odpowiedzialnością
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
WORM 18's board has 4 members.
Latest reporting year
2025
Available years
7
Filing entries
0
20 historical registry entries for WORM 18
Address change, Board change
WA.XII NS-REJ.KRS/59982/23/964
Filing documents submitted (2 documents)
Change in Section 1 (basic data)
WA.XII NS-REJ.KRS/59982/23/964/ADE
Filing documents submitted (2 documents)
Filing documents submitted (2 documents)
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