date not publishedUTU issuedInvestorUTU
EPCG a.d. Nikšić
01-010-23-7107
National sources · Matched: EPCG a.d. Nikšić
Elektroprivreda Crne Gore
Active · Joint-stock companyELEKTROPRIVREDA CRNE GORE AD-NIKŠIĆ
3511 · Production of electricityNikšićFounded 2002
Account not blockedNot on tax debtor listsFilings completeNot in bankruptcy or liquidationCourt data not available
Key figures
2025
Total revenue · 2015–2025
409.7m€2025. · −6.0% vs 2024
Click or tap a year to see its figures; drag across the chart to preview. Source: Tax Administration (IRMS) income statements.
Market position
By revenue · 2025Similar-sized peers
- 1Elektroprivreda Crne Gore409.7m€
- 2Crnogorski Elektrodistributivni Sistem143.5m€
Companies in the same activity or sector with a third to three times this company's revenue. The button next to one adds it to the comparison.
What else we know
Recent activity
All changes for this company →Event · 7 Apr 2025
Largest contract as contracting authority
7.0m€ · BEMAX DOO PODGORICA; BB SOLAR DOO PODGORICA
Event · 2022
Peak revenue
526.8m€
Event · 2015
First year in BizStats data
Event · 30 Jul 2002
Registered
Akcionarsko društvo
Performance
Export CSVTotal revenue (2025)409.70m€-6.0% vs PY
Profit (2025)-92.12m€Swung to a loss (-102.35m€)
Employees (2025)1,170-3.8% vs PY
Avg payroll cost per employee/mo (2025)2,032€-4.5% vs PY
Profit margin (2025)-22.5%Profit / total revenue
2025
- Total Income
- 409,699,890€
- Profit
- -92,121,426€
- Employees
- 1,170
- Avg payroll cost per employee/mo*
- 2,032€
- Est. net pay
- 1,613€
- Income/Employee
- 350,171€
2024
- Total Income
- 435,774,529€
- Profit
- 10,230,696€
- Employees
- 1,216
- Avg payroll cost per employee/mo*
- 2,127€
- Est. net pay
- 1,602€
- Income/Employee
- 358,367€
2023
- Total Income
- 499,283,091€
- Profit
- 52,494,741€
- Employees
- 1,124
- Avg payroll cost per employee/mo*
- 2,542€
- Est. net pay
- 1,856€
- Income/Employee
- 444,202€
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Estimated net pay applies the employee deductions in force in the filing year to the avg payroll cost per employee: pension 15% (2022–2023), 13.75% (2024: 15% until September, 10% from October) or 10% (from 2025), unemployment 0.5%, income tax of 9% on the part between 700€ and 1,000€ and 15% above it, and the local surtax of the company's municipality. The base also includes employer contributions and other personnel expenses, so the estimate is an upper bound. It is not shown for years before 2022, when different rules applied.
Against the Energy, water & waste sector · 2025
This companySector medianProfit margin
-22.5%median 3.0%
838% below the median
20152025
Payroll cost per employee/mo
2,032€median 1,241€
1.6× the median
20152025
Revenue per employee
350,171€median 33,661€
10.4× the median
20152025
Median of 168 companies in the sector that filed for 2025.
Position relative to the peer group
Source and methodology: Public financial filings, CRPS, CBCG, and eKatastar where available. Revenue, profit, employees, and payroll costs come from public financial filings; average gross pay and revenue per employee are derived metrics. Rankings are calculated by total revenue for the latest visible year.
Latest filing year: 2025 · Filing listing (IRMS): 19 May 2026
Risk signals
- Risk flag
- No
- Account blocked
- No
- Tax debtor list
- No
- Missing annual statements
- No
- Forced-liquidation risk
- No
Source data as of: CBCG 30 Sept 2026 · Tax Administration 31 Mar 2025 – 30 Sept 2025 · IRMS 19 May 2026
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Accounts and blocks
CBCGThis company's list of open accounts is not available on BizStats at the moment. Check it in the Central Bank's official CRTR registry.
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Check in CRTR registryOfficial CBCG account registry. Enter PIB 02002230 in the search.
Registry notices (CRPS)
4 noticesOfficial notices from the Central Business Register's notice board: voluntary liquidation decisions, shareholder-meeting calls and capital changes. Titles are shown as the filer published them.
- Shareholder meeting
Obavještenje o otkazivanju XXXII sjednice Skupštine akcionarskog društva Elektroprivreda Crne Gore AD Nikšić
- Shareholder meeting
Obavještenje o sazivu XXXII vanredne sjednice Skupštine akcionarskog društva EPCG AD Nikšić
- Shareholder meeting
Obavještenje o sazivu XXXI vanredne Skupštine akcionarskog društva EPCG AD Nikšić
- Shareholder meeting
Obavještenje o sazivanju ponovljene XXX vanredne sjednice Skupštine akcionara EPCG AD Nikšić
Source: CRPS notice board (Tax Administration). BizStats links a notice to the company by the PIB in its attached document, or by name and seat. Notice board checked: 31 Oct 2026
Linked by:exact namealias
Court activity
sudovi.mesudovi.me has not been searched for this company yet (no stored results). No data here does not mean the company has no court cases.
BizStats has court data for 556 companies.Check hearings on sudovi.me
Public money
Public procurements · As contracting authority
33.9m€
1,491 tenders · 207 counterparties
Public contracts by year
Contract value, € thousands
- 2092021: 208,672€
- 962022: 96,450€
- 2,5502023: 2,550,164€
- 6,4362024: 6,435,859€
- 19,6642025: 19,663,540€
- 4,9462026: 4,946,049€
Contracts through 20 Oct 2026. Source: CEJN (Public Procurement Administration), matched by tax ID.
Largest contracts
- 163/24 Izvođenje radova na kružnoj saobraćajnici, faza 2, u naselju Plužine6,997,494€BEMAX DOO PODGORICA; BB SOLAR DOO PODGORICA · 7 Apr 2025
- 1/25 Usluge osiguranja imovine i osiguranja odgovornosti iz djelatnosti EPCG AD Nikšić na period od 12 mjeseci1,733,505€LOVĆEN OSIGURANJE AD; AKCIONARSKO DRUŠTVO SAVA OSIGURANJE PODGORICA · 12 Mar 2025
- 79/25 Izvođenje radova na Projektu: ,“Izgradnja saobraćajnice od TE Pljevlja do deponije Maljevac“1,627,458€TIM COMPANY DOO; Intermost d.o.o. Podgorica; "EUROZOX" DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU ZA PROIZVODNJU, PROMET I USLUGE, EXPORT-IMPORT-DANILOVGRAD; SAMI INŽENJERING · 24 Jul 2025
Contracts and tenders
- As contracting authority
- 1,491 tenders€33,900,735.29 contractedBuyer profile
1,491 tendersSource: CEJNLinked through: 30 Oct 2026showing latest 25
| Tender | ||
|---|---|---|
2026-10-30Active | Open procedure · Deadline 2026-11-17 | 35,000 EUR Est. value |
2026-10-30Active | Small procurement · Deadline 2026-11-04 | 22,000 EUR Est. value |
2026-10-28Active | Open procedure · Deadline 2026-11-16 | 50,000 EUR Est. value |
2026-10-27Active | Small procurement · Deadline 2026-11-10 | 8,500 EUR Est. value |
2026-10-30Active
Open procedure · Deadline 2026-11-17
35,000 EUR
Est. value
2026-10-30Active
Small procurement · Deadline 2026-11-04
22,000 EUR
Est. value
2026-10-28Active
Open procedure · Deadline 2026-11-16
50,000 EUR
Est. value
2026-10-27Active
Small procurement · Deadline 2026-11-10
8,500 EUR
Est. value
Matches are based on company-name matches in imported CEJN buyers and parties; CEJN does not expose PIBs for these rows. cejn.gov.me
Linked by:exact name
Ownership at a glance
CRPS · 15 Jun 2026Owners
No imported CRPS ownership rows for this company.
Elektroprivreda Crne Gore1,170 employees
Ownership structure
CRPSCompany
ELEKTROPRIVREDA CRNE GORE AD-NIKŠIĆ
02002230
Company owners
0
Companies owned
7
linked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
Company owners
No imported CRPS ownership rows for this company.
Company owns
7
DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU "CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM" PODGORICAlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 100%
DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU "EPCG-SOLAR-GRADNJA" NIKŠIĆlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 100%
DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU "EPCG-ŽELJEZARA NIKŠIĆ" NIKŠIĆlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 100%
"GREEN GVOZD" D.O.O. PODGORICAlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 100%
"ZETA ENERGY" DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU - DANILOVGRADlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 51%
"BERZA ELEKTRIČNE ENERGIJE" DOO PODGORICAlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 40.6%
D.O.O."MONTEL" MOTEL GLAVA ZETE NIKŠIĆ (RJEŠENJEM ST. BR. 292/18 OD 28.09.2018. GODINE POKRENUT STEČAJNI POSTUPAK)linked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 25%
Source: CRPS persons in company and company shares, fetched 2026-06-15. Direct registry relationships only.
Authorized persons
CRPSPeople and roles in the current CRPS register. Historical financial filings do not establish current authorization.
Loading CRPS register…
Responsible persons · filing history
IRMSPersons listed as “Odgovorno lice” in financial filings, by reporting year. These are historical filing records, not confirmation of current CRPS authorization. The preparer is not shown.
- ZDRAVKO DRAGAŠ
Mentioned in reports: 2025 Reports: 1
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFZDRAVKO DRAGAŠResponsible person · filing year 2025 · Filed 30 Apr 2026
- Ivan Bulatović
Mentioned in reports: 2023–2024 Reports: 2
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFIvan BulatovićResponsible person · filing year 2024 · Filed 17 Apr 2025
- Source PDFIvan BulatovićResponsible person · filing year 2023 · Filed 10 Jun 2024
- Nikola Rovčanin
Mentioned in reports: 2021–2022 Reports: 2
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFNikola RovčaninResponsible person · filing year 2022 · Filed 29 Jun 2023
- Source PDFNikola RovčaninResponsible person · filing year 2021 · Filed 30 May 2022
- Igor Noveljić
Mentioned in reports: 2017–2020 Reports: 4
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFIgor NoveljićResponsible person · filing year 2020 · Filed 15 Mar 2021
- Source PDFIGOR NOVELJIĆResponsible person · filing year 2019 · Filed 15 Apr 2020
- Source PDFIGOR NOVELJIĆResponsible person · filing year 2018 · Filed 21 Aug 2019
- Source PDFIGOR NOVELJIĆResponsible person · filing year 2017 · Filed 25 Sept 2018
- TONINO MAGLIO
Mentioned in reports: 2016 Reports: 1
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFTONINO MAGLIOResponsible person · filing year 2016 · Filed 3 Nov 2017
- STEFANO PASTORI
Mentioned in reports: 2015 Reports: 1
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFSTEFANO PASTORIResponsible person · filing year 2015 · Filed 5 Apr 2016
Real estate and projects by municipality
012–45–1920+registry records
All of Montenegro
20 municipalities
- Records
- 348
- Parcels
- 4,403
- Buildings
- 1,316
12 development projects
Pick a municipality on the map or in the list. Sources: Real Estate Administration (eKatastar); projects: gov.me, municipalities and the Environmental Protection Agency.
Development projects
ArchiveLinked activity
12 projects
Status mix
1 approved · 3 in process · 0 rejected · 7 UTU issued · 1 other
Company role
12 as investor
Places / years
Crna Gora, Nikšić · N/A
These are public development signals from UTU, environmental-review and chief-architect sources, not a complete building-permit record.
PDF
date not publishedUTU issuedInvestorUTU
Elektroprivreda Crne Gore AD
06-333-25-11539
National sources · Matched: Elektroprivreda Crne Gore AD
date not publishedUTU issuedInvestorUTU
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
06-333-25-13207
National sources · Matched: ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
date not publishedUTU issuedInvestorUTU
Elektroprivreda CG AD Nikšić
08-332-23-6990
National sources · Matched: Elektroprivreda CG AD Nikšić
date not publishedEIA not requiredInvestorEnvironmental review
da nije potrebna izrada elaborata Elektroprivreda Crne Gore a.d
National sources · Matched: Elektroprivreda Crne Gore a.d.
date not publishedUTU issuedInvestorUTU
Urbanističko tehnički uslovi EPCG a.d. Nikšić 2022
National sources · Matched: EPCG a.d. Nikšić
Linked by:exact namealias
Owned properties
348 records4,403 parcels1,316 objects152 cadastral municipalitiesFirst 10 of 348
BOJOVIĆI
'ELEKTROPRIVREDA CRNE GORE' AD NIKŠIĆ
- LN number
- 152
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
ZABRĐE II
'ELEKTROPRIVREDA CRNE GORE' AD NIKŠIĆ
- LN number
- 543
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
NOVI BAR
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 582
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 2
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 246
- Subfolio
- N/A
- Parcels
- 4
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 247
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 248
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 251
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 276
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 277
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
OVTOČIĆI
ELEKTROPRIVREDA CRNE GORE AD NIKŠIĆ
- LN number
- 283
- Subfolio
- N/A
- Parcels
- 4
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
Source: eKatastar of Montenegro's Real Estate Administration.
How to check
The Real Estate Administration's eKatastar has no public links to individual title sheets. On ekatastar.me, choose the municipality and the cadastral municipality (KO), then enter the title sheet number (LN). The portal may ask you to sign in.
Linked by:PIB