It seems that Reef Factory, the popular Polish company, filed for bankruptcy a few days ago, and the news became public yesterday. Let’s take a look at what might happen next.
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Reef Factory, a Polish company specializing in smart devices for marine aquariums, has recently filed for bankruptcy. The news has been confirmed by official sources, including Poland’s Krajowy Rejestr Zadłużonych (National Debtors Register), where the insolvency proceedings have been officially recorded.
The company, founded in 2019, quickly gained traction in the aquarium industry thanks to a range of innovative products, including smart dosing pumps, water parameter monitoring systems, and the Smart Reef app for remote aquarium management. In 2022, Reef Factory secured €3 million in funding from Polish investors with the goal of expanding further into the global market. Reef Factory’s liabilities in 2023 amounted to PLN 8,742,740 (about €2 million), while the total value of assets stood at PLN 15,118,870 (roughly €3.5 million). This gives a debt-to-asset ratio of 58%.
It’s clear that Reef Factory users are extremely concerned at this point—especially because the entire system operates in the cloud, raising fears that none of the devices will continue to function if service is interrupted.
But let’s take a step back. Protasewicz Marek, the owner of Reef Factory, recently posted a message in the Reef Factory Family Facebook group stating:
“Hi team,
Please rest assured: the servers are safe and will continue to operate. We’re wrapping up a few remaining matters and will share a full update as soon as everything is in place.
We aim to provide all the details in the coming days.
Best regards,
Marek”
However, comments on the post were disabled.
Two Months Left for the Servers before switch off
We can confirm this. The servers will continue running without any interruptions, and alternative solutions are currently being explored to help the company emerge from bankruptcy. There are two months available before the servers could potentially be shut down, and the company is actively looking for someone to step in and resolve the issues.
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