What is the main business of Cottonina Apartments?

The main business activity of Cottonina Apartments focuses on realization of building projects related to erection of buildings.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on December 29, 2010.

Where is the headquarters located?

The headquarters is located at: ul. Kuźnicka 1, 72-010 Police.

Who is on the management board?

The management board consists of: Alex Ulrich Nielsen (President of the Management Board).

What is the share capital?

The share capital of the company is PLN 1,845,350 (approx. $498,474).

What period do the latest financial data cover?

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

What was the revenue?

The company reported a revenue of $36,263 in 2025, which is a decrease of 18.8% compared to 2024.

Is the company profitable?

No, in 2025 the company was not profitable, reporting a net loss of $16,538. For comparison, in 2024 the loss was $3,804, meaning the company increased its loss by 333.7%.

Which cost dominates operating expenses?

The largest operating cost category falls under employee remuneration. This category amounted to $22,616 in 2025, representing 44% of all operating expenses.

Cottonina Apartmentssp. z o.o.

Realization of building projects related to erection of buildings

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2010-12-29

Share capital

1,845,350.00 PLN

Registered address

ul. Kuźnicka 1, 72-010 Police, Poland

Electronic delivery address

AE:PL-72872-37895-FDIWT-18

Financials

Revenue history (in k)

From the notes

Current income tax (CIT due)

Filing timeliness

3 of 6 financial statements were filed late (the longest delay 13 days for 2024).

202521/07/2026
202428/07/2025
202316/07/2024
202206/06/2023
202114/07/2022
202016/07/2021

Filed on timeDelayFiling deadline

Data and insights are generated automatically from financial statements – they may contain errors and are neither a credit assessment nor business advice.

Statistics

How the company ranks by revenue within its industry, city, voivodeship and across Poland in 2025.

Industry · Realization of building projects related to erection of buildings9,649 / 15,058

Top 64%

Division · Construction of buildings18,576 / 27,295

Top 68%

Sector · Construction20,966 / 30,479

Top 69%

City · Police101 / 111

Top 91%

Voivodeship · Zachodniopomorskie8,181 / 10,409

Top 79%

Country · Poland233,695 / 297,873

Top 78%

Results vs industry

Revenue

This companyUSD 36.26kMedianUSD 139.54kAverageUSD 1.43m

Net profit

This companyUSD -16.54kMedianUSD 271.72AverageUSD 142.62k

Operating costs

This companyUSD 50.83kMedianUSD 105.79kAverageUSD 1.16m

Assets

This companyUSD 637.52kMedianUSD 497.26kAverageUSD 3.93m

Industry

Authorized Representatives

Alex Ulrich Nielsen – President of the Management Board

Manner of representation

In the case of a multi-member management board, declarations of will on behalf of the company require joint action by two members of the management board, or by one member of the management board jointly with a commercial proxy.

Ownership

Owner	Shares	Share value	Stake
Adwell Hotels Limited (spółka Prawa Maltańskiego)	31,370	$423,689.90	84.9974%
Alex Ulrich Nielsenage 77	5,537	$74,783.90	15.0026%

Beneficial owners

Person	Rights

Bank accounts

Registered as a VAT taxpayer on 2011-02-03.

Alior Bank
40 2490 0005 0000 4530 6243 0502

Debt

No entries in the National Debtors Register (KRZ).

Real estate

Type	Amount
Land (incl. perpetual usufruct)	$260.3K$260,272
Buildings and premises	$306.8K$306,806

Public aid

No public aid cases recorded in the last 10 years.

Competitors

Name	Revenue	Website
Villa Nova Developmentsp. z o.o.	$72,130.89	villanova.szczecin.pl
Bluprojektsp. z o.o.	$42,345.31	bluprojekt.pl
VerobudS.A.	$30,156.15	verobud.com.pl
Wizart Dewelopersp. z o.o.	$25,740.35	wizartstudio.pl
ADTsp. z o.o.	$8,599.04	adt.szczecin.pl
Ekoexsp. z o.o.	$6,870.44	ekoex.pl
Społeczna Inicjatywa Mieszkaniowa Szczecinsp. z o.o.	$1,773.11	simszczecin.pl
GOLF Amber Balticsp. z o.o.	$749.44	abgc.pl
MR Propertysp. z o.o.	$0.57	mrproperty.pl
Gral-Bud, Grochockisp. j.	–	post.pl

Change history

Date	Event
2020-07-24	Name change (Thermpol → Cottonina Apartments)
2020-07-24	PKD change (Removed: 10 codes; Added: 10 codes)
2020-06-03	Share capital increase (5,000.00 PLN → 1,845,350.00 PLN)
2015-05-12	Address change (Więckowskiego 1b/8, 70-411, Szczecin → Ul. Kuźnicka 1, 72-010, Police)
2015-05-12	PKD change (Removed: 16 codes)

FAQ

Last updated: 2026-07-21