SPÓŁKA KOMANDYTOWA
Smith Development
Smith Development Spółka z Ograniczoną Odpowiedzialnością Spółka Komandytowa
SPÓŁKA KOMANDYTOWA
Smith Development Spółka z Ograniczoną Odpowiedzialnością Spółka Komandytowa
Smith Development Spółka z Ograniczoną Odpowiedzialnością Spółka Komandytowa (KRS 0000336102, NIP 7010198289) is a Polish company, headquartered in Warszawa, Mazowieckie voivodeship. SMITH DEVELOPMENT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ operates in: Production of electricity (PKD 35.11.Z). Industry: Energy. The company has been listed in the National Court Register since September 8, 2009. SMITH DEVELOPMENT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ's most recently reported net revenue was 514.4 K PLN for 2021.
Negative equity
Negative equity in 4 of 4 available reporting years.
No arrears identified in the analyzed sources
No arrears or bankruptcy proceedings identified in the analyzed sources.
Main activity
35.11.ZProduction of electricity
Other activities
General codes (divisions and groups)
General codes indicate a PKD division or group without a specific subclass.
Credibility rating
12.3 / 100
Very poor credibility
Insolvency risk
Very high
Significant formal threat
Closure risk
25
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
0
0/17 yrs
Board changes
0
0/17 yrs
PKD changes
3
3/17 yrs
Name changes
1
1/17 yrs
Data from 17 years of registry activity.
Payment reliability score from 2018–2021
Current: E (12/100)
Trend: deteriorating (-6.6 pts/year)
Bardzo słaba wiarygodność płatnicza – współpraca handlowa wiąże się z wysokim ryzykiem braku zapłaty.
Standard limit from 2018–2021
Current: 6.1 K PLN
Safe: 612.12 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 8, 2009
16 years in operation
Legal form
SPÓŁKA KOMANDYTOWA
Registry: RejP
Headquarters
WARSZAWA
MAZOWIECKIE
Primary PKD
35.11.Z
Production of electricity
Share capital
N/A
Shareholders
N/A
Board
N/A
Filed years
4 years
2018–2021 · profitable: 2/4
Registry entries
25
latest: November 3, 2022
Risk signals
Revenue
514.4 K PLN
2021
Net profit
-5.6 K PLN
2021
Assets
5.9 M PLN
2021
Equity
-3.2 M PLN
2021
EBITDA
35.0 K PLN
2021
Rate business credibility - Smith Development.
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.
Latest reporting year
2021
Available years
13
Filing entries
0
20 historical registry entries for Smith Development
Filing documents submitted (3 documents)
Address change
WA.XII NS-REJ.KRS/4347/21/683
Company name change, Representation rule change, Board change, Articles of association amended, Change in Section 1 (basic data), Primary PKD code change, Secondary PKD code change
WA.XII NS-REJ.KRS/5367/22/399
Address change
WA.XII NS-REJ.KRS/13673/22/284
Filing documents submitted (4 documents)
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
SMITH DEVELOPMENT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ's board has 1 member.
Competing companies or those operating in the same market segment as Smith Development (in Warszawa, industry: Energy).
WARSZAWA· Energy
Revenue 2025: 4.2 B PLN
WARSZAWA· Energy
Revenue 2024: 2.8 B PLN
WARSZAWA· Energy
Revenue 2024: 1.2 B PLN
WARSZAWA· Energy
Revenue 2024: 348.2 M PLN
WARSZAWA· Energy
Revenue 2024: 276.0 M PLN
WARSZAWA· Energy
Revenue 2024: 220.1 M PLN