What is the main business of Algren?

The main business activity of Algren focuses on other retail sale of new goods in specialised stores.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on March 20, 2020.

Where is the headquarters located?

The headquarters is located at: ul. Jagiellońska 46, 10-273 Olsztyn.

Who is on the management board?

The management board consists of: Mateusz Kostrubała (President of the Management Board).

What is the share capital?

The share capital of the company is PLN 25,000 (approx. $6,753).

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 revenue was generated?

In 2025, the company generated total revenue of $1,222,799, representing an increase of 35.1% compared to 2024.

Yes, in 2025 the company was profitable, achieving a net profit of $163,664, representing a multi-fold increase compared to 2024.

Which cost dominates operating expenses?

The largest operating cost category falls under external services. This category amounted to $856,358 in 2025, representing 84% of all operating expenses.

Algrensp. z o.o.

Other retail sale of new goods in specialised stores

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2020-03-20

Share capital

25,000.00 PLN

Activity description

Algren is a company specializing in renewable energy solutions, particularly in photovoltaic installations, energy storage systems, heat pumps, air conditioning, carports, and electric vehicle charging stations. With ten years of experience, they have completed over 4,320 projects and installed 52,175 solar panels for satisfied customers. Additionally, they offer business training programs focused on digital communication, project management, service design, and AI technology usage.

Registered address

ul. Jagiellońska 46, 10-273 Olsztyn, Poland

Website

algren.pl

Financials

Revenue history (in k)

Filing timeliness

1 of 6 financial statements was filed late (for 2021, 92 days late).

202530/06/2026
202402/07/2025
202328/06/2024
202229/06/2023
202115/10/2022
202024/03/2021

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, region and across Poland in 2025.

Results vs industry

Revenue

This companyUSD 1.22mMedianUSD 367.64kAverageUSD 2.17m

Net profit

This companyUSD 163.66kMedianUSD 8.62kAverageUSD 87.46k

Operating costs

This companyUSD 1.01mMedianUSD 336.50kAverageUSD 2.03m

Assets

This companyUSD 683.79kMedianUSD 230.31kAverageUSD 1.20m

Industry

Authorized Representatives

Mateusz Kostrubała – 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
Jolanta Kielak Zabielskaage 42	245	$3,309.02	49%
Marzena Joanna Mucage 42	230	$3,106.43	46%
Others	25	$337.66	5%

Beneficial owners

Person	Rights

Bank accounts

Registered as a VAT taxpayer on 2020-06-01.

mBank
29 1140 1111 0000 3959 0000 1002
mBank
56 1140 1111 0000 3959 0000 1001

Debt

No entries in the National Debtors Register (KRZ).

Public aid

Grant date	Purpose	Gross amount	Granting body
Apr 1, 2022	De minimis aid (in accordance with Commission Regulation No 1407/2013 or earlier)	$1,220$1,220	Prezydent Olsztyna
Jun 20, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$3,946$3,946	Prezes Zakładu Ubezpieczeń Społecznych
May 30, 2020	Aid compensating for the negative economic consequences of COVID-19, granted in limited amounts	$2$2	Prezes Zakładu Ubezpieczeń Społecznych

Regulatory authorisations

Authority	Type	Status
KNF	Consumer credit intermediary	Active

Competitors

	Name	Revenue	Website
	Soltradosp. z o.o.	$1,554,200.82	soltrado.pl

Change history

Date	Event
2026-07-17	Switch to PKD 2025 (6 PKD 2007 codes → 7 PKD 2025 codes)
2026-03-31	Address change (Aleja Obrońców Tobruku 7, 10-092, Olsztyn → Ul. Jagiellońska 46, 10-273, Olsztyn)
2023-03-31	Address change (Aleja Obrońców Tobruku 7/300, 10-092, Olsztyn → Aleja Obrońców Tobruku 7, 10-092, Olsztyn)
2023-03-29	Address change (Ul. Lubelska 32/300, 10-409, Olsztyn → Aleja Obrońców Tobruku 7/300, 10-092, Olsztyn)
2023-02-02	Name change (Oze Projekt Investments → Algren)

FAQ

Last updated: 2026-07-17