What is the main business of Electric Foil?

The main business activity of Electric Foil focuses on manufacture of sports goods.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on November 4, 2016.

Where is the headquarters located?

The headquarters is located at: Kielce.

Who is on the management board?

The management board consists of: Wiktor Paweł Kitzman (President of the Management Board).

What is the share capital?

The share capital of the company is PLN 50,000 (approx. $13,506).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2019 to December 31, 2019.

What was the revenue?

The company reported a revenue of $27,209 in 2019, which is a decrease of 77.1% compared to 2018.

Is the company profitable?

No, the company recorded a net loss of $64,475 in 2019. For comparison, in 2018 the loss was $41,791, meaning the company increased its loss by 63.9%.

What is the main operating cost?

The largest operating cost category falls under employee remuneration. This category amounted to $38,969 in 2019, representing 43% of all operating expenses.

Electric Foilsp. z o.o.

Manufacture of sports goods

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2016-11-04

Share capital

50,000.00 PLN

Registered address

Kielce, Poland

Financials

Revenue history (in k)

Filing timeliness

No financial statement for 2020 – the filing deadline has passed. 2 of 2 financial statements were filed late (the longest delay 147 days for 2019).

2020not filed
201911/03/2021
201806/12/2019

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 2019.

Results vs industry

Revenue

This companyUSD 27.21kMedianUSD 251.41kAverageUSD 1.28m

Net profit

This companyUSD -64.48kMedianUSD 3.43kAverageUSD 36.26k

Operating costs

This companyUSD 91.29kMedianUSD 252.32kAverageUSD 1.20m

Assets

This companyUSD 22.84kMedianUSD 229.40kAverageUSD 979.81k

Industry

Authorized Representatives

Wiktor Paweł Kitzman – President of the Management Board

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
Wiktor Paweł Kitzmanage 39	725	$9,792.00	72.5%
Sebastian Pazurekage 46	180	$2,431.12	18%
Others	95	$1,283.09	9.5%

Beneficial owners

No beneficial owners recorded for the company Electric Foil.

Bank accounts

Was a VAT taxpayer from 2018-09-01 to 2022-10-12.

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).

MSiG notices

Publication date	Event
Aug 18, 2025	Dissolution without liquidation opened

Public aid

Grant date	Purpose	Gross amount	Granting body
Apr 2, 2020	De minimis aid (in accordance with Commission Regulation No 1407/2013 or earlier)	$1,408$1,408	Prezes Polskiej Agencji Rozwoju Przedsiębiorczości
Oct 17, 2018	De minimis aid (in accordance with Commission Regulation No 1407/2013 or earlier)	$7,057$7,057	Uniwersytet Warszawski
Dec 15, 2017	Aid for SMEs for innovation support	$205.8K$205,812	Prezes Polskiej Agencji Rozwoju Przedsiębiorczości

European Funds

Start	Project	EU co-financing	Programme
2017-12-17	Implementation and commercialisation of innovative movable rear hydrofoil fin – a trim tab – for hydrofoil boards.	$205.8K$205,812	Operational Programme Eastern Poland

Competitors

Name	Revenue	Website
HGC Groupsp. z o.o.	$1,815,187.09	myhgc.eu
Dolposp. z o.o.	$204,556.90	dolpo.pl
Spinnex LtdBranch (foreign co.)	$150,231.26	spinnex.eu
Xdeep Mfgsp. z o.o.	$102,629.25	xdeep.pl
HECAsp. z o.o.	$68,892.69	hecaws.com
AIR 1sp. z o.o.	$32,148.06	air1.com.pl
PULS Boardssp. z o.o.	$19,682.67	pulsboards.com
Xpunchsp. z o.o.	$16,475.95	xpunch.pl
Poldyskgolfsp. z o.o.	$13,255.04	poldyskgolf.com
Forcebandsp. z o.o.	$12,670.68	forceband.pl

Change history

Date	Event
2023-01-27	Address change (Ul. Karola Olszewskiego 6, 25-663, Kielce → Kielce)
2018-01-31	Share capital increase (5,000.00 PLN → 50,000.00 PLN)
2018-01-31	PKD change (Added: 9 codes)
2016-11-04	Entered in the register

FAQ

Last updated: 2026-04-20