What is the main business of Velvet Care?

The main business activity of Velvet Care focuses on manufacture of paper and paperboard.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on June 26, 2002.

Where is the headquarters located?

The headquarters is located at: Klucze-Osada 3, 32-310 Klucze.

What is the share capital?

The share capital of the company is PLN 73,736,000 (approx. $19.9 million).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2025 to December 31, 2025.

How much revenue was generated?

In 2025, the company generated total revenue of USD 6,752,074, representing an increase of 39.8% compared to 2024.

Is the company profitable?

Yes, in 2025 the company was profitable, achieving a net profit of USD 80,696,934, meaning the company increased its profit by 45.0%.

What is the largest operating cost?

The largest operating cost category falls under external services. This category amounted to USD 28,581,829 in 2025, representing 44% of all operating expenses.

Velvet Caresp. z o.o.

Manufacture of paper and paperboard

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2002-06-26

Share capital

73 736 000,00 PLN

Registered address

Klucze-Osada 3, 32-310 Klucze, Poland

Electronic delivery address

AE:PL-75218-34836-SSFVE-25

Financials

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 2025.

Results vs industry

Revenue

This companyUSD 6.75mMedianUSD 1.50mAverageUSD 43.48m

Net profit

This companyUSD 80.70mMedianUSD 24.67kAverageUSD 3.82m

Operating costs

This companyUSD 64.70mMedianUSD 1.44mAverageUSD 39.68m

Assets

This companyUSD 124.81MedianUSD 1.26mAverageUSD 41.19m

Industry

Bank accounts

Registered as a VAT taxpayer on 2003-01-31. Active

ING Bank Śląski
03 1050 1445 1000 0090 3058 8538
ING Bank Śląski
04 1050 1445 1000 0090 3058 8520
BNP Paribas Bank Polska
12 1600 1013 1842 1141 2000 0006

Debt

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

MSiG notices

Publication date	Event
Jan 7, 2025	Commercial Companies Code notice

Public aid

45 public aid cases recorded, with a total value of $82,444,625.

Grant date	Purpose	Gross amount	Granting body
Oct 27, 2025	Aid in the form of greenhouse gas emission allowance schemes	$9,872,759	Prezes Urzędu Regulacji Energetyki
Aug 31, 2025	Operating aid for the promotion of energy from renewable sources	$176,353	Prezes Urzędu Regulacji Energetyki
Aug 31, 2025	Aid in the form of reductions in electricity charges for energy-intensive users	$71,297	Prezes Urzędu Regulacji Energetyki

Tenders

No recorded participation in tenders.

Regulatory authorisations

Authority	Type	Status
BDO	Integrated permit	Active

Authorized Representatives

Aleksandra Jankowska Bożyk — Vice President of the Management Board

Paweł Bajorek — President of the Management Board

Wanda Justyna Ciesielczuk — Vice President of the Management Board

Rafał Paweł Curyło — Vice President of the Management Board

Maciej Gil — Management Board Member

Manner of representation

The company is represented by: 1. the President of the Management Board acting jointly with the Vice-President of the Management Board; or 2. the President of the Management Board, or the Vice-President of the Management Board, acting jointly with a member of the management board; or 3. the Vice-President of the Management Board acting jointly with another Vice-President of the Management Board.

Supervisory board

Milorad Anđelić — Supervisory Board Member

Artur Pielak — Supervisory Board Member

Thierry Bolloré — Supervisory Board Member

Maciej Dominik Gwóźdź — Supervisory Board Member

Ralph Josef Schuck — Supervisory Board Member

Ownership

Owner	Shares	Share value	Stake
Velvet Luxco S.a R.l.	147,472	$19,917,882.23	100%

Beneficial owners

6 beneficial owners recorded in CRBR.

Person	Rights
Paweł Bajorek (48)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Wanda Justyna Ciesielczuk (51)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Rafal Pawel Curylo (50)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Maciej Michał Gil (41)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Marcin Wojciech Grabowski (52)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Aleksandra Jankowska Bożyk (53)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).

Subsidiaries

	Name	Share value	Stake
	Italian Papersp. z o.o.	27,012.43 USD	100%

Competitors

Name	Revenue	Website
Stora Enso PolandS.A.	$438,356,517.26	storaenso.com
WEPA Piechowicesp. z o.o.	$139,646,408.84	wepa.eu
Tektura Opakowania PapierS.A.	$44,627,345.69	topsa.pl
Grigeo Tissuesp. z o.o.	$35,873,507.82	grigeo.com
Fabryka Papieru i Tektury Beskidysp. z o.o.	$23,790,906.24	paper.com.pl
APIS Fijałkowski, Blochsp. k.	$11,282,727.69	pwapis.pl
Ecocartonsp. z o.o.	$4,207,477.87	ecocarton.pl
Pallzasp. z o.o.	$3,982,734.61	pallza.eu
Sco-PakS.A.	$3,298,439.24	scopak.com.pl
Przedsiębiorstwo Usługowo-Handlowe Bud-Pap Małek i Spółkasp. j.	$1,957,318.56	bud-pap.pl

Change history

Date	Event
2025-03-21	Share capital change (63,736,000.00 PLN → 73,736,000.00 PLN)
2016-11-03	Share capital change (58,000,000.00 PLN → 63,736,000.00 PLN)
2013-08-01	Name change (Kimberly-Clark → "velvet Care Spółka Z Ograniczoną Odpowiedzialnością")
2008-10-31	Address change (Al. Jana Pawła Ii 12, 00-124, Warszawa → Klucze - Osada 3, 32-310, Klucze)
2008-08-20	Share capital change (68,500,000.00 PLN → 58,000,000.00 PLN)

FAQ

Last updated: 2026-07-04