Overview
Financials
Revenue history (in k)
Filing timeliness
3 of 6 financial statements were filed late (the longest delay 91 days for 2021).
- 2025filed
- 202413/07/2025
- 202308/07/2024
- 202216/07/2023
- 202114/10/2022
- 202020/10/2021
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, region and across Poland in 2025.
Results vs industry
Industry
Public procurement
12 tenders recorded as contractor, with a total value of $1,454,315.
| Publication date | Subject | Amount | Contracting authority | |
|---|---|---|---|---|
| Jul 24, 2026 | SVA/4620-133/2026 Renovation of the heating and heat distribution substations and installations in building no. 7 on the military complex site at ul. 29 Listopada 1, Warszawa. | $315.7K$315,665 | AMW Sinevia sp. z o.o. | |
| Dec 2, 2025 | Replacement of the domestic hot water circulation mains in the CZRL building | $96,522$96,522 | Polska Agencja Żeglugi Powietrznej | |
| Nov 7, 2025 | Replacement of the central heating system, excluding radiators, at Komenda Rejonowa Policji V at ul. Żeromskiego 7. | $68,200$68,200 | Komenda Stołeczna Policji |
Authorized Representatives
Manner of representation
Each member of the management board is authorized to make declarations on behalf of the company independently.
Ownership
| Owner | Shares | Share value | Stake |
|---|---|---|---|
Igor Hermutage 22 | 19 | $256.62 | 19% |
Przemysław Hermutage 29 | 80 | $1,080.50 | 80% |
Others | 1 | $13.51 | 1% |
Przemysław Hermut and Igor Hermut hold a combined 99% – the ownership structure indicates family control.
Beneficial owners
| Person | Rights |
|---|---|
Bank accounts
Registered as a VAT taxpayer on 2014-03-14.
96 1020 3408 0000 4102 0632 2616
96 1050 1461 1000 0090 3068 8304
Debt
No entries in the National Debtors Register (KRZ).
Real estate
| Type | Amount |
|---|---|
Investment property | PLN 301.4KPLN 301,356 |
Public aid
10 public aid cases recorded, with a total value of $25,202.
| Grant date | Purpose | Gross amount | Granting body | |
|---|---|---|---|---|
| May 20, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $475$475 | Prezes Banku Gospodarstwa Krajowego | |
| Jun 18, 2025 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $442$442 | Prezes Banku Gospodarstwa Krajowego | |
| Jun 12, 2024 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $441$441 | Prezes Banku Gospodarstwa Krajowego |
Regulatory authorisations
| Authority | Type | Status | |
|---|---|---|---|
 BDO | BDO register entry | Active |
Competitors
| Name | Revenue | Website | ||
|---|---|---|---|---|
| Rizensp. z o.o. | $1,858,130.34 | rizen.pl | ||
| Solar Partnersp. z o.o. | $894,044.03 | solarpartner.com.pl | ||
| Medventsp. z o.o. | $556,133.92 | medvent.com.pl | ||
| SP Companysp. z o.o. | $407,061.35 | spcompany.pl | ||
| Solum Service Łukasz MłynarskiS.K.A. | $192,853.64 | solumservice.com | ||
| Flexservice Air & Energysp. z o.o. | $96,061.16 | flexservice.com.pl | ||
| Instpolsp. z o.o. | $64,017.66 | instpol.pl | ||
| Mawekosp. z o.o. | $8,599.23 | maweko.pl | ||
| AR Pro Groupsp. z o.o. | $3,363.64 | arprogroup.pl | ||
| Bestbud Baraniecki, Sajdasp. j. | – | bestbud-lodz.pl |
Change history
| Date | Event | |
|---|---|---|
| 2016-03-09 | PKD change (Removed: 69 codes; Added: 10 codes) | |
| 2014-04-16 | Address change (Olechowska 83, 92-403, Łódź → Grunwaldzka 33 A, 91-337, Łódź) | |
| 2014-04-16 | Name change (Knitex → Initium) | |
| 2014-03-10 | Entered in the register |
FAQ
Last updated: 2026-04-07