The main goal of this article is defining the present state of the process of ownership transformations in Polish state-owned enterprises and progress in this process during the last five years. The main research hypothesis formulated in the article was verified by means of an analysis of data published by the Central Statistical Office concerning the number of state-owned enterprises covered by ownership transformations. The accepted scope of this article encompassed: concepts, objectives and methods of ownership transformation in Polish state-owned enterprises, as well as different issues connected with direct privatization by means of passing state-owned enterprises for use against payment to employee-owned companies.