SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
MG Development
MG Development Spółka z Ograniczoną Odpowiedzialnością
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
MG Development Spółka z Ograniczoną Odpowiedzialnością
MG Development Spółka z Ograniczoną Odpowiedzialnością (KRS 0000680418, NIP 7010696774) is a Polish company, headquartered in Warszawa, Mazowieckie voivodeship. MG Development operates in: Buying and selling of own real estate (PKD 68.10.Z). Industry: Real estate. The company has been listed in the National Court Register since May 30, 2017. MG Development's most recently reported net revenue was 0 PLN for 2024.
Negative equity
Negative equity in 2 of 2 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 analysed sources
No arrears or bankruptcy proceedings identified in the analysed sources.
General codes (divisions and groups)
General codes indicate a PKD division or group without a specific subclass.
Credibility rating
6.2 / 100
Very poor credibility
Insolvency risk
Very high
Significant formal threat
Closure risk
46
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
1
1/9 yrs
Board changes
1
1/9 yrs
PKD changes
0
0/9 yrs
Name changes
0
0/9 yrs
Data from 9 years of registry activity.
Payment reliability score from 2023–2024
Current: E (6/100)
Trend: deteriorating (-3.0 pts/year)
Bardzo słaba wiarygodność płatnicza – współpraca handlowa wiąże się z wysokim ryzykiem braku zapłaty.
Standard limit from 2023–2024
Current: 0 PLN
Safe: 0 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
May 30, 2017
9 years in operation
Legal form
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Registry: RejP
Headquarters
WARSZAWA
MAZOWIECKIE
Primary PKD
68.10.Z
Buying and selling of own real estate
Share capital
5.0 K PLN
50 shares total
Shareholders
2
shareholders
Board
2 people
Filed years
2 years
2023–2024 · profitable: 0/2
Registry entries
11
latest: July 16, 2025
Risk signals
Revenue
0 PLN
2024
Net profit
-15.8 K PLN
2024
Assets
8.2 K PLN
2024
Equity
-36.4 K PLN
2024
EBITDA
-15.8 K PLN
2024
Rate business credibility - MG Development.
No ratings

Explainer
Develia S.A. (KRS 0000253077), headquartered at ul. Gen. Romualda Traugutta 45 in Wrocław, is one of Poland's largest residential developers listed on the WSE. The company has operated under the "Develia" brand since 2019 (previously as LC Corp, part of Leszek Czarnecki's group). Listed on the WSE since 2007, it is an mWIG40 constituent with a four-member management board and a seven-member supervisory board. Per the 2025 financial statements: PLN 2.08bn revenue (+16% YoY) and PLN 443.5m net profit.

Explainer
Dom Development S.A. (KRS 0000031483), headquartered at Plac Piłsudskiego 3 in the heart of Warsaw, is the leader of Poland's residential development market. Founded in 1996 by Jerzy Ślusarski and listed on the WSE since 2006, the company is an mWIG40 constituent. Its 2025 financial statements show revenue of PLN 3.26bn and net profit of PLN 654m (up 15% year on year). Active in four main markets: Warsaw (its core), Tricity, Wrocław and Kraków. A five-member management board and an eight-member supervisory board.
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
MG Development's board has 2 members.
11 historical registry entries for MG Development
Representation rule change
WA.XII NS-REJ.KRS/61734/19/415
Filing document
Address change, Board change, Shareholder change
WA.XII NS-REJ.KRS/48872/23/464
Filing document
Filing document
Latest reporting year
2024
Available years
4
Filing entries
0
Competing companies or those operating in the same market segment as MG Development (in Warszawa, industry: Real estate).
WARSZAWA· Real estate
Revenue 2024: 0 PLN
WARSZAWA· Real estate
Revenue 2024: 0 PLN
WARSZAWA· Real estate
Revenue 2024: 0 PLN
ŁÓDŹ· Real estate
Revenue 2024: 0 PLN
WARSZAWA· Real estate
ŁÓDŹ· Real estate
Revenue 2023: 0 PLN