CreativeForge Games
CreativeForge Games is a Warsaw-based, NewConnect-listed game developer and publisher producing multi-platform tactical, strategy, and simulation titles. Controlled 47.81% by PlayWay S.A., the 11-50-employee studio owns IP for franchises like Hard West and Farm Manager, distributing primarily via Steam while expanding to consoles, mobile, and board games.
- Company typePublic
- Founded2011
- HeadquartersWarsaw, Poland
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What CreativeForge Games does
CreativeForge Games S.A. is a Warsaw-based game development and publishing studio founded in 2011 and listed on the Warsaw Stock Exchange NewConnect market (ticker: CFG, ISIN PLCRFRG00016) since May 25, 2018. The company develops multi-platform tactical, turn-based strategy, and simulation titles for PC, PlayStation, Xbox, Nintendo Switch, and mobile, owning full IP rights to its games including the Hard West franchise, the Farm Manager series, POSTAL: Brain Damaged, Black Gold Oil Drilling Simulator, and the upcoming Oil Empire and Blacksmith Tales. The studio operates with 11-50 employees and is 47.81%-controlled by PlayWay S.A. (WSE-listed), with several executives and supervisory board members serving concurrently across both organizations, creating tight governance integration with the PlayWay Capital Group.
The core business model combines proprietary game development with publishing services. Historically, CreativeForge produced games and licensed them through external publishers who participated in revenue; more recently the company has expanded into publishing tactical and strategic titles from within the PlayWay group and potentially external developers, with possible partial financing of productions. Distribution is anchored on Steam, with planned and in-progress expansion to Nintendo Switch, mobile, additional console platforms, and physical board game adaptations of existing IP. The 2025-2026 development strategy has shifted toward cost-efficient pre-production of simulator prototypes, aiming to release more titles at lower unit cost while leveraging PlayWay's testing center, marketing, and international sales infrastructure.
Financially, the company is in a contraction phase: revenue declined from 2,952,754.71 PLN in 2021 to 710,779.20 PLN in 2025 (a ~76% cumulative decline), with a net loss of 2,383,924.06 PLN in 2025 against total equity of 1,958,321.32 PLN and total assets of 2,247,088.64 PLN. The forward pipeline — Oil Empire (2D idle clicker) and Blacksmith Tales (first-person anime-inspired blacksmith game) launching in 2026, plus multi-platform extensions of Hard West — represents the primary lever to stabilize revenue, but there is no AI/ML capability disclosed and the company's reliance on episodic single-game releases in a competitive $200B+ global games market constrains predictability.
CreativeForge Games firmographics
Firmographics- Name
- CreativeForge Games
- Legal name
- CreativeForge Games S.A.
- Website
- https://creativeforge.pl
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CreativeForge Games is a Warsaw-based, NewConnect-listed game developer and publisher producing multi-platform tactical, strategy, and simulation titles. Controlled 47.81% by PlayWay S.A., the 11-50-employee studio owns IP for franchises like Hard West and Farm Manager, distributing primarily via Steam while expanding to consoles, mobile, and board games.
- Ownership category
- akta.pro rank
CreativeForge Games industry classification
Industry- Product category
- Video Game Development
- NAICS
- Software Publishers (513210), Hobby, Toy, and Game Retailers (45912)
- SIC
- Services-Computer Programming Services (7371), Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944)
- akta.pro primary industry
- Strategy/4X/Management Game Studios (MPAFAAAK)
Keywords
Where CreativeForge Games is headquartered
LocationHeadquarters
- HQ city
- Warsaw
- HQ country
- Poland
- HQ region
- Europe
Offices1 record
Markets served
CreativeForge Games business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Game Sales via Publisher: The company's historical revenue model involved producing games and using external publishers who participate in the revenue from game sales. CreativeForge Games owns all rights to the games it produces.
- Publishing Operations: Publishing tactical and strategic games from the PlayWay Capital Group and potentially external titles, with possible partial financing of productions.
- IP Licensing and Extensions: Maximizing profits from released productions by creating additional versions on other platforms (Nintendo Switch, Mobile, board games, consoles) based on existing IP such as Hard West and pre-produced games.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels8 records
CreativeForge Games product offering
Product offeringCore offering
CreativeForge Games S.A. develops and publishes multi-platform computer games focused on tactical, turn-based strategy, and simulation titles. The company owns all rights to its proprietary game IP (including Hard West, Farm Manager series, Black Gold Oil Drilling Simulator, Oil Empire, Blacksmith Tales, and POSTAL: Brain Damaged), and combines internal game development with publishing activities for the PlayWay Capital Group and potentially external titles.
Product overview
CreativeForge Games S.A. is a game developer and publisher that produces multi-platform computer games focused on tactical and turn-based strategy titles. The company develops and owns rights to its games, with its core portfolio including simulation games (such as the Black Gold Oil Drilling Simulator series, Oil Empire idle clicker), adventure games (Blacksmith Tales), and established franchises (POSTAL series). The company operates a two-pronged strategy combining internal game production with publishing activities, primarily distributing through Steam while collaborating with the PlayWay Capital Group for marketing, publishing, and international expansion.
Differentiator
Problem solved
Functional benefit
Products and services
- Black Gold Oil Drilling Simulator Early 20th century oil boom simulation game where players hire people, build oil fields, extract crude oil, fight obstacles and crises to achieve fortune. Sold to PC and console gamers.
- Oil Empire 2D idle clicker game where players build a global oil empire by constructing buildings, producing goods, managing finances and reputation, and selling oil worldwide. Players grow from a small refinery to a powerful corporation.
- Blacksmith Tales First-person blacksmith game set in a colourful, anime-inspired realm where players craft weapons for warriors, meet creatures, and shape battles with forging skill.
- POSTAL: Brain Damaged Game in the POSTAL series, part of CreativeForge Games' portfolio of titles.
Companies that use CreativeForge Games
Customer profileSegments2 records
Ideal customer profiles2 records
CreativeForge Games technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CreativeForge Games partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Blue Oak Advisory sp. z o.o.minorBlue Oak Advisory sp. z o.o. serves as the Authorized Advisor for CreativeForge Games, located at ul. Nyska 87/51, 50-505 Wrocław. The firm provides advisory services related to the company's listing on NewConnect.
- Trigon Dom Maklerski SAminorTrigon Dom Maklerski SA serves as the Market Animator for CreativeForge Games, located at ul. Puławska 2/bud. B (6 piętro), 02-566 Warszawa. The firm handles market-making activities for the company's shares on NewConnect.
Scale indicators7 records
Recent moves7 records
Expansion highlights4 records
CreativeForge Games competitors and assessment
Company assessmentRegional players
- 11 bit studios S.A. 11 bit studios is a WSE-listed Polish developer of premium strategy and tactical games (Frostpunk, This War of Mine). Comparable on Polish origin, strategy/tactical genre focus, and indie-to-mid-market positioning, though at materially larger scale.
- Bloober Team S.A. Bloober Team is a WSE-listed Polish developer (Silent Hill 2 Remake, Observer) with multi-platform console experience. Comparable as a publicly listed Polish game studio, though operating at much larger scale and in horror/psychological genres.
Direct peers
- Movie Games S.A. Movie Games is a Polish WSE-listed game developer/publisher focused on simulations and licensed-IP games. Comparable in Polish market context, indie scale, and multi-title development pipeline.
- Atomic Jelly S.A. Atomic Jelly is a PlayWay-group game studio developing PC and console titles, including simulation and adventure games. Comparable in size, scope, and group-ecosystem context to CreativeForge.
- RockGame S.A. RockGame is a PlayWay-affiliated game publisher/developer that has released 15+ titles across PC, PlayStation, Xbox, and Switch. Highly comparable in multi-platform indie publishing and platform-porting capability.
- Creoteam: Creoteam is a Croatian game developer of tactical and strategy titles (Hard West, Phantom Doctrine), sharing direct genre and product overlap with CreativeForge's tactical franchise focus.
- All in! Games S.A. All in! Games is a Polish indie publisher/developer of simulation and strategy titles (Thief Simulator, Electrician Simulator). Comparable in size, Polish ecosystem, and indie simulation/strategy publishing.
- Cleversan Games Sp. z o.o. Cleversan is a small Polish game studio where CreativeForge's CEO has been a partner and VP for 11+ years. Comparable in size, Polish market focus, and indie/strategy development.
- Sim Farm S.A. Sim Farm is a PlayWay-group studio focused on farm and simulation games, overlapping with CreativeForge's Farm Manager series. CEO Justyna Szymańska also serves as VP at Sim Farm, evidencing direct strategic overlap.
- PlayWay S.A. PlayWay is a WSE-listed publisher/producer of PC and mobile games and holds 47.81% of CreativeForge. It operates a similar multi-studio model developing low-to-mid budget simulation and strategy titles, making it the most directly comparable peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
CreativeForge Games social profiles
Digital presenceCreativeForge Games compliance and trust
Trust signalCompliance1 record
CreativeForge Games financial estimates
Financial estimateRevenue estimate
Valuation estimate
CreativeForge Games leadership team
Management profileNumber of profiles
Profiles6 records
CreativeForge Games funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CreativeForge Games M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CreativeForge Games
What does CreativeForge Games do?
CreativeForge Games S.A. develops and publishes multi-platform computer games focused on tactical, turn-based strategy, and simulation titles. The company owns all rights to its proprietary game IP (including Hard West, Farm Manager series, Black Gold Oil Drilling Simulator, Oil Empire, Blacksmith Tales, and POSTAL: Brain Damaged), and combines internal game development with publishing activities for the PlayWay Capital Group and potentially external titles.
Is CreativeForge Games a public or private company?
CreativeForge Games is a public company. It is classified as public and is currently operating.
When was CreativeForge Games founded?
CreativeForge Games was founded in 2011. It employs 11 to 50 people.
Where is CreativeForge Games based?
CreativeForge Games is headquartered in Warsaw, Poland, in the Europe region.
How does CreativeForge Games make money?
Three revenue lines are on record. Game Sales via Publisher is the primary driver. The others are publishing Operations and IP Licensing and Extensions.
Who are CreativeForge Games's main competitors?
Regional players on record are 11 bit studios S.A. and Bloober Team S.A.. Direct peers are Movie Games S.A., Atomic Jelly S.A., RockGame S.A., Creoteam, All in! Games S.A., Cleversan Games Sp. z o.o., Sim Farm S.A. and PlayWay S.A..
Does CreativeForge Games have an API?
No public API is recorded for CreativeForge Games.
What industry is CreativeForge Games in?
CreativeForge Games's product category is Video Game Development. Its primary akta.pro industry code is MPAFAAAK, Strategy/4X/Management Game Studios. Its NAICS code is 513210 and its SIC code is 7371.