What is the main business of Racis Development?

The main business activity of Racis Development focuses on building works related to erection of residential and non-residential buildings.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on June 23, 2014.

Where is the headquarters located?

The headquarters is located at: ul. Księdza Jerzego Jana Zawadzkiego 5, 16-400 Suwałki.

Who is on the management board?

The management board consists of: Iwona Sofińska (Vice President of the Management Board) and Szymon Racis (President of the Management Board).

What is the share capital?

The share capital of the company is PLN 106,000 (approx. $28,633).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2020 to December 31, 2020.

What revenue was generated?

In 2020, the company generated total revenue of $10,704,788, representing an increase of 2.5% compared to 2019.

Is the company profitable?

Yes, in 2020 the company was profitable, achieving a net profit of $2,168,828, meaning the company increased its profit by 107.5%.

What is the main operating cost?

The largest operating cost category falls under external services. This category amounted to $4,765,806 in 2020, representing 59% of all operating expenses.

Racis Developmentsp. z o.o.

Building works related to erection of residential and non-residential buildings

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2014-06-23

Share capital

106 000,00 PLN

Activity description

Racis Development is a real estate developer based in Suwałki that specializes in constructing residential apartments and commercial spaces. The company offers a variety of housing options, including modern apartments and service premises, and emphasizes quality construction using high-standard materials. Notable projects include the "Słoneczne Tarasy," which consists of five buildings with 120 apartments and a commercial space.

Registered address

ul. Księdza Jerzego Jana Zawadzkiego 5/4, 16-400 Suwałki, Poland

Website

racis.pl

Phone

Social media

Financials

The financial statement for 2021 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 2020.

Results vs industry

Revenue

This companyUSD 10.70mMedianUSD 198.33kAverageUSD 2.66m

Net profit

This companyUSD 2.17mMedianUSD 5.10kAverageUSD -88.11k

Operating costs

This companyUSD 8.03mMedianUSD 168.02kAverageUSD 2.98m

Assets

This companyUSD 15.58mMedianUSD 315.02kAverageUSD 10.37m

Industry

Bank accounts

Registered as a VAT taxpayer on 2014-07-01. Active

Bank Millennium
77 1160 2202 0000 0006 8316 6635
Bank spółdzielczy
93 9367 0007 0010 0051 7931 0001
Bank spółdzielczy
58 9367 0007 0010 0050 9271 0001

Debt

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

Public aid

7 public aid cases recorded, with a total value of $541,870.

Grant date	Purpose	Gross amount	Granting body
Jan 9, 2026	De minimis aid (in accordance with Commission Regulation 2023/2831)	$527	PGE Obrót S.A.
Jan 7, 2026	De minimis aid (in accordance with Commission Regulation 2023/2831)	$613	PGE Obrót S.A.
Jun 20, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$5,364	Prezes Zakładu Ubezpieczeń Społecznych

Tenders

No recorded participation in tenders.

Regulatory authorisations

Authority	Type	Status
BDO	BDO register entry	Active

Authorized Representatives

Iwona Sofińska — Vice President of the Management Board

Szymon Racis — President of the Management Board

Manner of representation

Each member of the management board independently.

Ownership

Owner	Shares	Share value	Stake
Szymon Racis (42)	100	$27,012.43	94.3396%
Others	6	$1,620.75	5.6604%

Beneficial owners

Person	Rights
Szymon Racis (42)	Shareholder of a limited liability company, 100000.0 PLN

Competitors

Name	Revenue	Website
Dom100_p2sp. z o.o.	$16,329,431.35	dom100.eu
InkomS.A.	$15,430,180.01	inkomsa.pl
Super KrakS.A.	$13,007,881.35	superkrak.pl
Inwestycje Budowlane StrzelczykS.K.A.	$9,672,118.42	isbud.pl
Saller Polbau Poland Projekt Kappasp. z o.o. + limited partnership	$9,210,584.10	saller.pl
Budownictwo Mieszkaniowe i Komercyjnesp. z o.o.	$6,800,862.76	bmk-nieruchomosci.pl
Safe Housesp. z o.o.	$6,123,593.26	fbsh.pl
Akropol Inwestycje 8sp. z o.o.	$4,970,388.57	akropol-inwestycje.pl
Isbud ŁatyfowiczS.K.A.	$4,590,007.75	isbud.pl
AD Developmentsp. z o.o.	$4,221,850.86	ad-development.pl

Change history

Date	Event
2021-03-26	Address change (Ks. Jerzego Jana Zawadzkiego 2/1.11, 16-400, Suwałki → Ul. Księdza Jerzego Jana Zawadzkiego 5/4, 16-400, Suwałki)
2021-03-26	Share capital change (100,000.00 PLN → 106,000.00 PLN)
2021-03-26	PKD change (Removed: 08.11.Z, 08.12.Z, 16.10.Z, 23.51.Z, 23.52.Z, 23.61.Z, 23.62.Z, 23.63.Z, 23.64.Z, 23.65.Z, 23.69.Z, 25.11.Z, 25.12.Z, 42.11.Z, 42.12.Z, 42.13.Z, 42.99.Z, 43.11.Z, 43.13.Z, 43.21.Z, 43.22.Z, 43.31.Z, 43.33.Z, 43.34.Z, 43.91.Z, 43.99.Z, 45.11.Z, 45.19.Z, 45.20.Z, 46.13.Z, 46.15.Z, 46.16.Z, 46.19.Z, 46.69.Z, 46.73.Z, 46.74.Z, 47.52.Z, 47.53.Z, 47.54.Z, 47.59.Z, 49.41.Z, 50.30.Z, 50.40.Z, 52.10.B, 55.10.Z, 55.20.Z, 55.30.Z, 55.90.Z, 56.10.A, 56.10.B, 56.21.Z, 56.29.Z, 56.30.Z, 64.19.Z, 64.99.Z, 66.19.Z, 68.10.Z, 68.20.Z, 68.32.Z, 71.11.Z, 71.12.Z, 73.11.Z, 74.10.Z, 77.11.Z, 77.12.Z, 77.21.Z, 77.32.Z, 77.33.Z, 77.34.Z, 77.39.Z, 81.10.Z, 81.21.Z, 81.22.Z, 81.29.Z, 81.30.Z, 82.11.Z, 87.10.Z, 87.20.Z, 87.30.Z, 87.90.Z)
2014-10-29	Address change (Cicha 8, 16-400, Suwałki → Ks. Jerzego Jana Zawadzkiego 2/1.11, 16-400, Suwałki)
2014-10-29	PKD change (Added: 64.19.Z, 64.99.Z, 66.19.Z)

FAQ

Last updated: 2026-04-08