What is the main business of HYE Sung International?

The main business activity of HYE Sung International focuses on manufacture of electric domestic appliances.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on February 5, 2015.

Where is the headquarters located?

The headquarters is located at: ul. Lg 2A, 55-040 Biskupice Podgórne.

What is the share capital?

The share capital of the company is PLN 5,000 (approx. $1,351).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2022 to December 31, 2022.

What was the revenue?

The company reported a revenue of $195,120 in 2022, which is a decrease of 23.6% compared to 2021.

Yes, in 2022 the company was profitable, achieving a net profit of $77,012, representing a multi-fold increase compared to 2021.

What is the main operating cost?

The largest operating cost category falls under employee remuneration. This category amounted to $72,568 in 2022, representing 67% of all operating expenses.

HYE Sung Internationalsp. z o.o.

Manufacture of electric domestic appliances

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2015-02-05

Share capital

5,000.00 PLN

Registered address

ul. Lg 2A, 55-040 Biskupice Podgórne, Poland

Financials

Revenue history (in k)

Filing timeliness

No financial statement for 2023 – the filing deadline has passed. 2 of 5 financial statements were filed late (the longest delay 76 days for 2021).

2023not filed
202210/08/2023
202129/09/2022
202009/09/2021
201901/06/2020
201808/07/2019

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, region and across Poland in 2022.

Results vs industry

Revenue

This companyUSD 195.12kMedianUSD 2.01mAverageUSD 83.76m

Net profit

This companyUSD 77.01kMedianUSD 24.62kAverageUSD 2.21m

Operating costs

This companyUSD 108.14kMedianUSD 2.01mAverageUSD 79.26m

Assets

This companyUSD 132.31kMedianUSD 1.80mAverageUSD 56.91m

Industry

Authorized Representatives

Yeongman Kim – President of the Management Board

Manner of representation

In the case of a multi-member management board, 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
Yeongman Kimage 67	99	$1,337.12	99%
Others	1	$13.51	1%

Beneficial owners

Person	Rights

Bank accounts

Was a VAT taxpayer from 2015-02-23 to 2026-01-09.

Reason for removal: Art. 96 ust. 9a pkt 2 (VAT returns not filed for 3 consecutive months or a quarter)

Debt

No entries in the National Debtors Register (KRZ).

Public aid

Grant date	Purpose	Gross amount	Granting body
Jun 20, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$1,503$1,503	Prezes Zakładu Ubezpieczeń Społecznych
May 30, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$2,239$2,239	Prezes Zakładu Ubezpieczeń Społecznych
May 30, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$1,645$1,645	Prezes Zakładu Ubezpieczeń Społecznych

Competitors

Name	Revenue	Website
Selfa Grzejnictwo ElektryczneS.A.	$12,682,139.09	selfa.pl
Nadodrzesp. z o.o.	$10,693,835.50	nadodrze.pl
Byfalsp. z o.o.	$2,853,725.36	byfal.pl
ELPE Elektroproduktsp. z o.o.	$1,910,445.84	elpe.pl
Elplast.ComP.S.A.	$1,691,000.27	elplast.com
Dezal - ProS.A.	$1,073,743.16	dezal.com.pl
Belmagsp. z o.o.	$822,652.64	sklep.producentokapow.pl
Aberonsp. z o.o.	$53,410.56	aberon.pl
HEAT Ecosp. z o.o.	$1,467.30	termofol.com
Elica Group Polskasp. z o.o.	–	elica.com