SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
KEY Developments
KEY Developments Spółka z Ograniczoną Odpowiedzialnością
KEY Developments Spółka z Ograniczoną Odpowiedzialnością (KRS 0000242483, NIP 5262888466) is a Polish company, headquartered in Warszawa, Mazowieckie voivodeship. KEY DEVELOPMENTS operates in: Construction of residential and non-residential buildings (PKD 41.20.Z). Industry: Building construction. The company has been listed in the National Court Register since September 29, 2005. KEY DEVELOPMENTS's most recently reported net revenue was 2.8 M PLN for 2021.
No arrears identified in the analyzed sources
No arrears or bankruptcy proceedings identified in the analyzed sources.
Main activity
41.20.ZConstruction of residential and non-residential buildings
Other activities
General codes (divisions and groups)
General codes indicate a PKD division or group without a specific subclass.
Credibility rating
69.8 / 100
Good credibility
Insolvency risk
Very low
Low threat
Closure risk
2
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
4
4/21 yrs
Board changes
1
1/21 yrs
PKD changes
1
1/21 yrs
Name changes
0
0/21 yrs
Data from 21 years of registry activity.
Payment reliability score from 2019–2021
Current: C (70/100)
Trend: improving (+50.6 pts/year)
Moderate payment credibility - the company is able to meet its obligations, but some indicators warrant caution.
Standard limit from 2019–2021
Current: 747.9 K PLN
Safe: 336.6 K 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
September 29, 2005
20 years in operation
Legal form
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Registry: RejP
Headquarters
WARSZAWA
MAZOWIECKIE
Primary PKD
41.20.Z
Construction of residential and non-residential buildings
Share capital
50.0 K PLN
1,000 shares total
Shareholders
4
shareholders
Board
1 person
Filed years
2 years
2019–2021 · profitable: 1/2
Registry entries
25
latest: March 24, 2023
Revenue
2.8 M PLN
2021
Net profit
834.3 K PLN
2021
Assets
2.9 M PLN
2021
Equity
690.1 K PLN
2021
EBITDA
890.3 K PLN
2021
Valuation
3.1 M PLN
High confidence
Comparison with PKD sector 41.20.Z
Rate business credibility - KEY Developments.

News
Wrocław-based Archicom S.A. (KRS 0000555355) closed 2025 with revenue of PLN 961.7 m (+30% YoY), standalone net profit of PLN 229.9 m and 2,847 apartments sold (+30% YoY versus market +9.3%). The board recommends a PLN 1.80 per share dividend (PLN 105.3 m); the final decision rests with the AGM (scheduled for July 2026). The 2026 target: 3,200-3,500 units plus a debut in the Tricity. The first full year under Echo Investment control (74.04%) after the 2023 integration.

News
Cieszyn-based Atal S.A. (KRS 0000262397) closed 2025 with revenue of PLN 1.267 bn, net profit of PLN 223.3 m and a 17.6% net margin. The board recommends a PLN 4.50 per share dividend (88% of profit, PLN 194.67 m in total, ~8.6% yield) - lower than the PLN 6.00 paid out of 2024 but still among the highest in the Polish residential-developer sector. Q1 2026 saw handovers double (500 vs 218 YoY); 2026 targets are 2,500-3,000 sold and 3,000-4,000 handed over. Juroszek Holding control: 76.30% of capital.
Competing companies or those operating in the same market segment as KEY Developments (in Warszawa, industry: Building construction).
WARSZAWA· Building construction
Revenue 2024: 933.3 M PLN
WARSZAWA· Building construction
Revenue 2024: 910.6 M PLN
KONSTANCIN-JEZIORNA· Building construction
Revenue 2024: 721.1 M PLN
WARSZAWA· Building construction
Revenue 2024: 644.5 M PLN
NOWE GROCHOLICE· Building construction
Revenue 2024: 449.8 M PLN
WARSZAWA· Building construction
Revenue 2024: 419.1 M PLN
Latest reporting year
2021
Available years
15
Filing entries
0
Natural persons exercising effective control over KEY DEVELOPMENTS and authorised representatives - data from the Polish Central Register of Beneficial Owners (CRBR) maintained by the Ministry of Finance.
Natural persons who, directly or indirectly, exercise control over the company.
Full name
NICHOLAS ADRIAN EVANS
Date of birth: May 27, 1951 (75 years old)
Sex: male
Nature of control
Direct
CRBR data (Polish Ministry of Finance), retrieved April 29, 2026.
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
KEY Developments Spółka z Ograniczoną Odpowiedzialnością
Registered shareholders of KEY Developments, the chain leading to the ultimate owner, and the geographic origin of the capital.
Share capital
50.0 K PLN
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
KEY DEVELOPMENTS's board has 1 member.
20 historical registry entries for KEY Developments
Financial statement filed, Approval of the financial statement, Change in Section 3 (business activity and filings)
WA.XII NS-REJ.KRS/50026/18/108
Filing documents submitted (3 documents)
Filing documents submitted (2 documents)
Filing document
Filing documents submitted (2 documents)
Capital history
The company was founded in September 2005 with Polish capital.
Capital origin
kapitał krajowy
Ownership chain
Share capital
50,000.00 PLN
Date of birth: May 18, 1974 (52 years old) · Sex: female
Date of birth: September 17, 1974 (51 years old) · Sex: female
Historical shareholders - period chronology
Total shares: 1000 (100%)
Total shares: 1900 (100%)
Total shares: 1100 (100%)
Total shares: 1000 (100%)
Ownership hierarchy