What is the main business of M-Pago?

The main business activity of M-Pago focuses on production of electricity from non-renewable sources.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on April 9, 2010.

Where is the headquarters located?

The headquarters is located at: 12, 64-130 Augustowo.

Who is on the management board?

The management board consists of: Patryk Adam Gościniak (President of the Management Board) and Maciej Gościniak (Vice President of the Management Board).

What is the share capital?

The share capital of the company is PLN 349,400,000 (approx. $94.4 million).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2024 to December 31, 2024.

What was the revenue?

The company reported a revenue of $28,561,471 in 2024, which is an increase of 51.2% compared to 2023.

Is the company profitable?

Yes, the company recorded a net profit of $2,040,713 in 2024, meaning the company increased its profit by 484.9%.

Which cost dominates operating expenses?

The largest operating cost category falls under external services. This category amounted to $14,850,960 in 2024, representing 57% of all operating expenses.

M-Pagosp. z o.o.

Production of electricity

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2010-04-09

Share capital

349 400 000,00 PLN

Activity description

M-Pago is a family-owned company that focuses on acquiring and developing projects related to the construction of large-scale photovoltaic power plants and the production of renewable energy. The company has been active in the Polish market since 2010, providing electricity generation from its own renewable energy sources for institutional clients. M-Pago also engages in investments in renewable energy and specializes in industrial and residential construction projects.

Registered address

12, 64-130 Augustowo, Poland

Website

m-pago.com.pl

Electronic delivery address

AE:PL-85647-87671-JCGSU-30

Financials

The financial statement for 2025 has not yet been filed with the Financial Document Repository (past deadline).

Revenue history (in m)

Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.

Statistics

How the company ranks by revenue within its industry, region and across Poland in 2024.

Results vs industry

Revenue

This companyUSD 28.56mMedianUSD 7.67kAverageUSD 2.85m

Net profit

This companyUSD 2.04mMedianUSD -5.16kAverageUSD -348.84k

Operating costs

This companyUSD 25.97mMedianUSD 17.22kAverageUSD 3.03m

Assets

This companyUSD 96.90mMedianUSD 395.55kAverageUSD 8.63m

Industry

Bank accounts

Registered as a VAT taxpayer on 2010-04-26. Active

Erste Bank Polska
24 1090 1245 0000 0001 4690 0797
mBank
26 1140 1850 0000 3944 1700 1002
Bank spółdzielczy
27 9043 1083 2083 0058 8814 0001

Debt

No entries in the National Debtors Register (KRZ). No proceedings in KRZ

Public aid

No public aid cases recorded in the last 10 years.

Tenders

No recorded participation in tenders.

Trademarks

M-Pago holds 2 active trademarks registered with the Polish Patent Office. The first mark was filed in 2013.

Mark	Number	Classes	Status	Protected until
M-PAGO	Z.547165	4, 7, 9, 11, 35, 37, 39, 40, 42	Protected	Sep 13, 2032
M-PAGO	Z.413127	35, 36, 37	Protected	Apr 16, 2033

Mark	Protected until
M-PAGO	Sep 13, 2032
M-PAGO	Apr 16, 2033

Regulatory authorisations

Authority	Type	Status
URE	Electricity generation	Active
BDO	BDO register entry	Active

Authorized Representatives

Patryk Adam Gościniak – President of the Management Board

Maciej Gościniak – Vice President of the Management Board

Manner of representation

Each member of the management board is authorized to make declarations of will on behalf of the company independently.

Ownership

Owner	Shares	Share value	Stake
Maciej Gościniak (43)	174,700	$47,190,707.73	50%
Patryk Adam Gościniak (46)	174,700	$47,190,707.73	50%

Maciej Gościniak and Patryk Adam Gościniak hold a combined 100% – the ownership structure indicates family control.

Beneficial owners

Person	Rights

Subsidiaries

Name	Share value	Stake
SV 11sp. z o.o.	1,892,220.42 USD	100%
TORP Investmentssp. z o.o.	675.31 USD	50%
SF Pv Produkcja 2sp. z o.o.	4,712,047.54 USD	100%

Competitors

Name	Revenue	Website
PolenergiaS.A.	$179,940,984.43	polenergia.pl
R.PowerS.A.	$49,603,465.60	rpower.solar
Optimen EnergyS.A.	$5,063,516.15	optimen.pl
Green Power Developmentsp. z o.o. + limited partnership	$3,570,186.49	green-power.com.pl

Change history

Date	Event
2022-03-29	Address change (Bronisława Świderskiego 13, 64-100, Leszno → 12, 64-130, Augustowo)
2021-03-24	PKD change (Removed: 43.12.Z; Added: 50.10.Z)
2020-09-23	Share capital change (50,000.00 PLN → 349,400,000.00 PLN)
2020-09-23	PKD change (Removed: 41.20.Z, 43.11.Z, 43.39.Z, 68.32.Z; Added: 35.11.Z, 35.12.Z, 35.14.Z, 42.22.Z)
2015-10-28	PKD change (Removed: 42.11.Z, 42.13.Z, 42.91.Z, 42.99.Z, 43.13.Z, 43.21.Z, 43.22.Z, 43.29.Z, 43.31.Z, 43.32.Z, 43.33.Z, 43.34.Z, 43.91.Z, 43.99.Z, 45.11.Z, 45.19.Z, 46.11.Z, 46.12.Z, 46.13.Z, 46.14.Z, 46.15.Z, 46.16.Z, 46.17.Z, 46.18.Z, 46.19.Z, 46.21.Z, 46.22.Z, 46.23.Z, 46.24.Z, 46.31.Z, 46.32.Z, 46.33.Z, 46.34.A, 46.34.B, 46.35.Z, 46.36.Z, 46.37.Z, 46.38.Z, 46.39.Z, 46.71.Z, 46.72.Z, 46.73.Z, 46.74.Z, 46.75.Z, 46.76.Z, 46.77.Z, 46.90.Z, 47.22.Z, 47.29.Z, 52.21.Z, 52.29.C, 62.02.Z, 62.03.Z, 63.11.Z, 77.12.Z, 77.32.Z, 77.33.Z, 77.39.Z, 78.10.Z, 78.20.Z, 78.30.Z, 81.10.Z, 81.21.Z, 81.22.Z, 81.30.Z, 82.11.Z, 82.19.Z, 82.99.Z)

FAQ

Last updated: 2026-04-18