SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
HEP4
HEP4 Spółka z Ograniczoną Odpowiedzialnością
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
HEP4 Spółka z Ograniczoną Odpowiedzialnością
HEP4 Spółka z Ograniczoną Odpowiedzialnością (KRS 0001010243, NIP 5342658834) is a Polish company, headquartered in Warszawa, Mazowieckie voivodeship. HEP4 operates in: Production of electricity (PKD 35.11.Z). Industry: Energy. The company has been listed in the National Court Register since December 27, 2022. HEP4's most recently reported net revenue was 0 PLN for 2025.
Negative equity
Negative equity in 2 of 3 available reporting years.
No reported revenue
The company reported no revenue in any available reporting year. This may indicate a non-operating entity.
No arrears identified in the analyzed sources
No arrears or bankruptcy proceedings identified in the analyzed sources.
Other activities
Credibility rating
26.3 / 100
Poor credibility
Insolvency risk
Moderate
Significant formal threat
Closure risk
49
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
Spółka wykazuje sygnały niestabilności organizacyjnej: częste zmiany właścicieli, częste zmiany w zarządzie, częste zmiany kodów PKD, częste zmiany nazwy spółki. Może to wskazywać na podwyższone ryzyko współpracy.
Shareholder changes
3
3/4 yrs
Board changes
3
3/4 yrs
PKD changes
3
3/4 yrs
Name changes
1
1/4 yrs
Data from 4 years of registry activity.
Payment reliability score from 2023–2025
Current: E (26/100)
Trend: deteriorating (-14.8 pts/year)
Bardzo słaba wiarygodność płatnicza – współpraca handlowa wiąże się z wysokim ryzykiem braku zapłaty.
Standard limit from 2023–2025
Current: 2.1 K PLN
Safe: 362.76 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
December 27, 2022
3 years in operation
Legal form
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Registry: RejP
Headquarters
WARSZAWA
MAZOWIECKIE
Primary PKD
35.11.Z
Production of electricity
Share capital
10.0 K PLN
76 shares total
Shareholders
1
shareholder
Board
3 people
Filed years
3 years
2023–2025 · profitable: 1/3
Registry entries
17
latest: July 14, 2026
Risk signals
Revenue
0 PLN
2025
Net profit
-69.9 K PLN
2025
Assets
26.4 K PLN
2025
Equity
-82.9 K PLN
2025
EBITDA
-64.5 K PLN
2025
Rate business credibility - HEP4.
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 single-coal-unit plant after Bełchatów of PGE) and Połaniec, distribution networks across five north-western Polish voivodeships, and controls the Lubelski Węgiel Bogdanka coal mine. Listed on the WSE since 2008, 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 579 m (+PLN 131 m, +29.2% YoY) and net profit of PLN 277 m (+PLN 75 m, +37%). Electricity sales 2,837 GWh (+31% YoY) - mainly the effect of the EC Czechnica-2 gas-steam block commissioned in May 2025 (315 MWt + 179 MWe). Heat sales +6% YoY (a colder 2025). CO2 allowance costs fell by PLN 112 m, while capacity-market and high-efficiency cogeneration support revenue rose by PLN 57 m.
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
HEP4's board has 3 members.
Competing companies or those operating in the same market segment as HEP4 (in Warszawa, industry: Energy).
WARSZAWA· Energy
WARSZAWA· Energy
NADARZYN· Energy
Revenue 2024: 0 PLN
WARSZAWA· Energy
WARSZAWA· Energy
Revenue 2025: 0 PLN
WARSZAWA· Energy
Latest reporting year
2025
Available years
3
Filing entries
0
17 historical registry entries for HEP4
Company name change, Representation rule change, Board change, Shareholder change, Articles of association amended, Change in Section 2 (management and representation), Primary PKD code change, Secondary PKD code change
WA.XIV NS-REJ.KRS/54091/24/623
Registered office change, Address change, Articles of association amended
WA.XIV NS-REJ.KRS/6927/25/801
Change in Section 1 (basic data)
WA.XIV NS-REJ.KRS/6927/25/801/ADE
Filing documents submitted (3 documents)
Filing documents submitted (2 documents)