Investor Relations
We invite investors considering capital engagement and interested in additional information and potential collaboration to contact us at:
Maciej Paraszczak - Chair of the Executive Board
emial: ir@meritoros.pl
Company description
Meritoros SA is an outsourcing company which specializes in the comprehensive handling of accounting, HR and payroll services. After founding in 2004, in 2007 it became a limited company, and finally, in 2021, a joint-stock company. Meritoros primarily targets MSPs and larger companies. Currently, the company has nearly 1000 clients and employs over 140 accounting, HR/payroll, and RPA specialists. The firm’s unique selling points is its emphasis on quality, its distinctive company culture, as well as usage of the latest technologies, which includes Robotic Process Automation and handling of many different accounting software suites.
Meritoros SA is currently located in: Warsaw, Cracow, Wrocław, Katowice, Rzeszów, Łódź and Bytom. The company Taxaide Sp. z o.o., located in Wrocław, is also part of the capital group.
The company has certificates for Information Quality and Security Management Systems, in accordance with the PN-EN ISO 9001:2015 and PN-EN ISO/IEC 27001:2017-06 standards, relating to accounting, HR & Payroll services. It has also been awarded membership in the Business Gazelles (“Gazele Biznesu”) club several times, and in 2023 and 2024 earned a place in the Forbes Diamonds (“Diamenty Forbesa”) ranking.
The firm’s strategy focuses on organic growth and acquisitions of other entities in the industry. The goal is to become the leader in accounting, HR & Payroll outsourcing for the MSP sector on the Polish market. In parallel, the company invests in new technologies which in the future will allow the company to provide complementary services, with a specific focus on Robotic Process Automation.
Selected financial data
| Financials (thousands PLN) | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | 695,3 | 1523 | 2297,4 | 2697,1 | 3377,8 | 3966 | 4567,9 | 5263,7 | 6091,2 | 6577,2 | 7738,4 | 10 573,8 | 14508,8 |
| Equity | 83,9 | 92,8 | 116,7 | 117,8 | 197,6 | 391,8 | 460,6 | 637,1 | 672,7 | 590,1 | 757,5 | 1 040,2 | 1 204,9 |
| Working capital | 123,1 | 169,0 | 231,6 | 252,7 | 353,9 | 438,4 | 522,6 | 746,7 | 855,9 | 919,0 | 1144,4 | 1 568,9 | 1 266,2 |
| Cash | 17,5 | 107,2 | 194 | 244,7 | 156,3 | 46,6 | 62 | 109,6 | 183,2 | 667,2 | 886,3 | 761,1 | 61,3 |
| Debt | 56,7 | 55,6 | 185 | 237,2 | 65,1 | 22,4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Assets | 203 | 520,3 | 722,1 | 880,1 | 993,8 | 1034,1 | 1155,5 | 1291,7 | 1298,1 | 1585,8 | 2359,7 | 2 687,8 |
3 524,7 |
| EBIT | 8,4 | 24 | 27,4 | 34 | 112,6 | 231,6 | 119,9 | 222,2 | 50,6 | 148,5 | 266,3 | 468,6 | 479,9 |
| Net profit | 5,7 | 8,9 | 23,9 | 1,01 | 79,8 | 194,1 | 68,9 | 176,5 | 35,6 | 90,1 | 271,6 | 522,7 | 443,7 |
| ROA | 2,81% | 1,71% | 3,31% | 0,11% | 8,03% | 18,77% | 5,96% | 13,66% | 2,74% | 5,68% | 11,51% | 19,45% | 12,59% |
| ROE | 6,79% | 9,59% | 20,48% | 0,86% | 40,38% | 49,54% | 14,96% | 27,70% | 5,29% | 15,27% | 35,85% | 50,25% | 36,82% |
| ROIC (EBIT) | 6,82% | 14,21% | 11,83% | 13,46% | 31,82% | 52,83% | 22,94% | 29,76% | 5,91% | 16,16% | 23,27% | 29,87% | 37,90% |
| ROIC (NOPAT) | 5,53% | 11,51% | 9,58% | 10,90% | 25,77% | 42,79% | 18,58% | 24,10% | 4,79% | 13,09% | 18,85% | 24,19% | 30,70% |
Executive Board
Maciej Paraszczak
Chair of the Executive Board
Founder and the main shareholder of Meritoros SA, certified accountant (Minister of Finances Certificate # 1840/2003). Management graduate with a specialization in Finance and Accounting. He also completed a degree in Psychology (Jagiellonian University), Tax Advisory (Cracow University of Economics) and Accounting (CUE). Currently he is responsible for designating the company's direction and goals. He is also responsible for the firm's strategy and marketing.
Agnieszka Tomczyk-Pieniądz
Executive Board member
Shareholder of Meritoros SA, certified accountant (Minister of Finances Certificate # 54055/2011). Management graduate with a degree from AGH University of Science and Technology, she supplemented her education with postgraduate studies in accounting (AFMKU), advanced accounting (CUE) and Lean & Automation - Continuous Improvement (TEU). She holds a Lean Six Sigma certificate at the Green Belt level and an EY Academy Project Manager at the Executive level. She has been working for Meritoros SA since 2010. Currently she focuses on the company's HR policies, lean management, expansion, as well as M&A.
Krzysztof Gargas
Executive Board member
Shareholder of Meritoros SA, certified accountant (Minister of Finances Certificate # 62092/2013). Finances and Accounting graduate from CUE, specializing in Business Finances and Accounting. He supplemented his education with postgraduate studies in Lean & Automation - Continuous Improvement from TEU. He's been working for Meritoros SA since 2011. Currently he focuses on internal auditing, robotization and process automation, as well as developing new services.
Supervisory board
Lidia Olszowska
Chair of the Supervisory Board
Tax advisor (certificate # 00443)
Former board member of the Lesser Poland Tax Advisor's Society
Maria Gargas
Supervisory Board member
Entrepreneur
Chair of the board Emka Sp. z o.o.
Jacek Pieniądz
Supervisory Board member
Entrepreneur
Chair of the board Chata Sp. z o.o.
Dominik Jaskulski
Supervisory Board member
Entrepreneur
Vice-chair of the board Office Samurai Sp. z o.o.
Michał Czaicki
Supervisory Board member
Entrepreneur
Chair of the board Printbox Sp. z o.o.
Financial statements
Financial statement 2023
Financial statement 2022
Financial statement 2021
Reports on the activities of the company's management board
Report 2023
Report 2022
Report 2021
Auditor's opinions
Report 2023
Report 2022
Announcements in the Court and Commercial Gazette ("Monitor Sądowy i Gospodarczy")
N/A
Company's quarterly reports
Report 1Q2024
EBI/ESPI reports
N/A
Market Maker
N/A
Authorized Advisor
N/A
Questions & Answers
N/A
Company data
Meritoros SA
Krowoderska 63B/4
31-158 Kraków
Administration
Sales department
Headquarters: Kraków
NIP PL 6792963176
REGON 120618773
Krajowy Rejestr Sądowy (KRS):
Sąd Rejonowy dla Krakowa Śródmieścia w Krakowie.
Wydział XI Gospodarczy Krajowego Rejestru Sądowego
National Court Register (KRS) No. 0000935021
