Limited Liability Company (LLC)
Progress Development
Progress Development Spółka z Ograniczoną Odpowiedzialnością
Limited Liability Company (LLC)
Progress Development Spółka z Ograniczoną Odpowiedzialnością
Progress Development Spółka z Ograniczoną Odpowiedzialnością (KRS 0000168477, NIP 7251867527) is a Polish company, headquartered in Łódź, Łódzkie voivodeship. Progress Development operates in: Development of building projects (PKD 41.10.Z). Industry: Building construction. The company has been listed in the National Court Register since September 23, 2003. Progress Development's most recently reported net revenue was 7.5 M PLN for 2024.
No arrears identified in the analysed sources
No arrears or bankruptcy proceedings identified in the analysed sources.
Other activities
Credibility rating
70.2 / 100
Good credibility
Insolvency risk
Very low
Low threat
Closure risk
1
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
2
2/23 yrs
Board changes
4
4/23 yrs
PKD changes
2
2/23 yrs
Name changes
0
0/23 yrs
Data from 23 years of registry activity.
Payment reliability score from 2018–2024
Current: B (70/100)
Trend: improving (+4.7 pts/year)
High payment credibility - the company's financial condition is good and the risk of cooperating with it is low.
Standard limit from 2018–2024
Current: 449.4 K PLN
Safe: 121.4 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 23, 2003
22 years in operation
Legal form
Limited Liability Company (LLC)
Registry: RejP
Headquarters
ŁÓDŹ
ŁÓDZKIE
Primary PKD
41.10.Z
Development of building projects
Share capital
400.0 K PLN
800 shares total
Shareholders
2
shareholders
Board
1 person
Proxies: 2
Filed years
7 years
2018–2024 · profitable: 5/7
Registry entries
49
latest: January 2, 2026
Revenue
7.5 M PLN
2024
Net profit
378.0 K PLN
2024
Assets
5.8 M PLN
2024
Equity
3.0 M PLN
2024
EBITDA
431.9 K PLN
2024
Valuation
2.5 M PLN
Low confidence
Low confidence
People holding roles at Progress Development according to the Polish National Court Register. Follow a name for that person's full profile and their other companies.
Projects co-financed by the European Union for Progress Development - total value, EU contribution and the company's largest awards.
Projects
1
EU co-financing
23.5 K PLN
Total project value
23.5 K PLN
Eligible spending
23.5 K PLN
Funds
Operational programmes
Top 1 by EU co-financing
| Project | Fund | EU co-financing | Value | Rate | Period |
|---|---|---|---|---|---|
ROZWÓJ I INNOWACJE W BUDOWNICTWIE |
Rate business credibility - Progress Development.
No ratings

News
Cieszyn-based Atal S.A. (KRS 0000262397) closed 2025 with revenue of PLN 1.267bn, net profit of PLN 223.3m and a 17.6% net margin. The board recommends a PLN 4.50 per-share dividend (88% of profit, PLN 194.67m in total, ~8.6% yield) – lower than the PLN 6.00 paid from 2024 profit but still among the highest in the Polish residential-development sector. Q1 2026 saw handovers double (500 vs 218 YoY); the 2026 targets are 2,500–3,000 units sold and 3,000–4,000 handed over. Juroszek Holding controls 76.30% of the capital.

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.
| EFRR |
| 23.5 K PLN |
| 23.5 K PLN |
| 100% |
| 2020–2021 |
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
Progress Development has 2 shareholders.
Yes - Progress Development's majority owner is M**** B****.
Progress Development's board has 1 member.
20 historical registry entries for Progress Development
Filing documents submitted (3 documents)
Filing documents submitted (3 documents)
Change in Section 1 (basic data)
LD.XX NS-REJ.KRS/2430/20/511/ADE
Filing documents submitted (3 documents)
Change in Section 1 (basic data)
LD.XX NS-REJ.KRS/2430/20/511/ADE
Latest reporting year
2024
Available years
22
Filing entries
0
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