Revenue
5.3% of Montenegro's revenue
270 companies earned 932.57m€ in 2025, 5.3% of all company revenue in Montenegro. It ranks 6 of 18 sectors by revenue. Revenue has grown 2.4× since 2015.
5.3% of Montenegro's revenue
146 with at most one employee
Largest employer: Crnogorski Elektrodistributivni Sistem (1,751)
Total profit: -51.55m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 393,186,262€ | 143 |
| 2016 | 434,943,628€ | 153 |
| 2017 | 516,473,539€ | 172 |
| 2018 | 582,782,947€ | 177 |
| 2019 | 626,645,954€ | 180 |
| 2020 | 658,297,078€ | 180 |
| 2021 | 788,403,616€ | 191 |
| 2022 | 986,262,751€ | 228 |
| 2023 | 959,641,768€ | 248 |
| 2024 | 907,808,957€ | 265 |
| 2025 (Preliminary) | 932,569,067€ | 270 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 101–150 of 270
* 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 →
Totals include 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 101 | Metro Energo03167283 · Podgorica | <0.1% | 252,392€ | +13.5% | 127,765€ | 50.6% | 1 | 626€ |
| 102 | R-Solar03487547 · Nikšić | <0.1% | 239,569€ | +77.0% | 7,087€ | 3.0% | 23 | 841€ |
| 103 | Ecomarine03474097 · Podgorica | <0.1% | 210,827€ | +67.8% | 41,083€ | 19.5% | 1 | 8,857€ |
| 104 | Viridi Progressum02883155 · Kolašin | <0.1% | 203,482€ | +21.6% | 82,419€ | 40.5% | 4 | 752€ |
| 105 | Sam Water Engineering03480712 · Herceg Novi | <0.1% | 198,424€ | -96.5% | -245,854€ | -123.9% | 4 | 3,247€ |
| 106 | Manira Hydro03120040 · Mojkovac | <0.1% | 116,405€ | +13.9% | 56,324€ | 48.4% | 2 | 475€ |
| 107 | Power Ab - Group03001652 · Kolašin | <0.1% | 110,832€ | +3.8% | 34,369€ | 31.0% | 1 | 1,698€ |
| 108 | SLD Nikac Montenegro Plus03144780 · Tivat | <0.1% | 95,857€ | -7.1% | 21,820€ | 22.8% | 2 | 545€ |
| 109 | Novi Solar03733866 · Herceg Novi | <0.1% | 93,797€ | No filing for 2024. | 36,088€ | 38.5% | 1 | — |
| 110 | Špedsirovina02222736 · Nikšić | <0.1% | 92,728€ | -5.1% | 1,635€ | 1.8% | 1 | 678€ |
| 111 | DKD Wash&Go03382966 · Bar | <0.1% | 89,648€ | +169.4% | 31,676€ | 35.3% | 2 | 463€ |
| 112 | Green Balancing Group02861330 · Podgorica | <0.1% | 84,512€ | +329.0% | -36,248€ | -42.9% | 1 | 787€ |
| 113 | Kolay Energy MN03618501 · Podgorica | <0.1% | 80,000€ | +5,233.3% | -12,755€ | -15.9% | 1 | 2,105€ |
| 114 | Monte Lumina Solar03674525 · Kotor | <0.1% | 69,108€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,138€ | -30.6% | 1 | 863€ |
| 115 | Gorska02437287 · Kolašin | <0.1% | 67,321€ | +707.8% | -58,730€ | -87.2% | 2 | 2,457€ |
| 116 | Eft Montenegro03458300 · Herceg Novi | <0.1% | 62,198€ | -90.2% | 3,132€ | 5.0% | 2 | 1,082€ |
| 117 | Weg - Kolektor03029425 · Berane | <0.1% | 61,542€ | -17.6% | 11,111€ | 18.1% | 2 | 331€ |
| 118 | Inter Trade Co03340520 · Podgorica | <0.1% | 61,241€ | -90.7% | 38,843€ | 63.4% | 1 | 677€ |
| 119 | Ekovodalife03509834 · Budva | <0.1% | 57,957€ | +23.5% | 14,781€ | 25.5% | 1 | 930€ |
| 120 | Rnković03045951 · Kolašin | <0.1% | 57,787€ | +164.1% | 31,690€ | 54.8% | 1 | — |
| 121 | Solar Sign03453316 · Bijelo Polje | <0.1% | 52,568€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -94,562€ | -179.9% | 4 | 950€ |
| 122 | Ekopack Recycling03751945 · Podgorica | <0.1% | 48,936€ | No filing for 2024. | 14,487€ | 29.6% | 0 | — |
| 123 | Lovanja02384205 · Kotor | <0.1% | 48,000€ | -2.2% | -9,528€ | -19.9% | 2 | 1,981€ |
| 124 | TZ Energy03449777 · Podgorica | <0.1% | 45,403€ | +349.0% | -133,924€ | -295.0% | 1 | 2,603€ |
| 125 | Technoinn03618358 · Budva | <0.1% | 31,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,718€ | 15.2% | 1 | 1,856€ |
| 126 | Eko-Ruka03640345 · Bijelo Polje | <0.1% | 29,085€ | +43.3% | 2,071€ | 7.1% | 3 | — |
| 127 | Obnovljivi Izvori Energije03384861 · Podgorica | <0.1% | 28,294€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -103,521€ | -365.9% | 1 | 1,521€ |
| 128 | Ivanje02854783 · Nikšić | <0.1% | 21,594€ | -77.8% | 2,103€ | 9.7% | 1 | 675€ |
| 129 | Recomont02932776 · Podgorica | <0.1% | 21,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,633€ | -116.7% | 1 | 2,523€ |
| 130 | Ibarac02064642 · Rožaje | <0.1% | 17,481€ | +14.0% | -5,131€ | -29.4% | 1 | 812€ |
| 131 | Ice Club03646998 · Kotor | <0.1% | 15,735€ | +35.8% | -2,167€ | -13.8% | 1 | 346€ |
| 132 | Hidro-Instruments02958970 · Herceg Novi | <0.1% | 15,510€ | +0.2% | -1,732€ | -11.2% | 1 | 810€ |
| 133 | Beta Energy03473660 · Budva | <0.1% | 15,475€ | -71.1% | -1,238€ | -8.0% | 1 | 928€ |
| 134 | Bartek Enterprise03631745 · Tivat | <0.1% | 14,409€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,816€ | -234.7% | 1 | 2,108€ |
| 135 | Antonio Company03294145 · Tivat | <0.1% | 13,545€ | +48.6% | 226€ | 1.7% | 2 | 509€ |
| 136 | Hidroterm02407736 · Podgorica | <0.1% | 12,885€ | -38.3% | -17,825€ | -138.3% | 2 | 500€ |
| 137 | BP Energy03521362 · Podgorica | <0.1% | 12,400€ | +1,239,900.0% | -77,674€ | -626.4% | 1 | 603€ |
| 138 | CJ Electrical03390993 · Tivat | <0.1% | 11,927€ | -48.8% | -718€ | -6.0% | 1 | 682€ |
| 139 | Rudi Energy03073092 · Berane | <0.1% | 11,926€ | -86.4% | -6,494€ | -54.5% | 1 | 1,468€ |
| 140 | Župa Solar03474283 · Podgorica | <0.1% | 11,536€ | +3,104.4% | -276,687€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 8,659€ |
| 141 | Monte Solea03467058 · Podgorica | <0.1% | 11,501€ | +15.0% | 3,146€ | 27.4% | 1 | 513€ |
| 142 | Eneem03707555 · Rožaje | <0.1% | 10,885€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 671€ | 6.2% | 1 | 674€ |
| 143 | Ekosol03770630 · Bijelo Polje | <0.1% | 10,868€ | No filing for 2024. | 1,715€ | 15.8% | 1 | 638€ |
| 144 | Ice Pro03735362 · Podgorica | <0.1% | 10,415€ | No filing for 2024. | 358€ | 3.4% | 1 | 438€ |
| 145 | Piva Energy03457664 · Nikšić | <0.1% | 10,360€ | +36.7% | 2,085€ | 20.1% | 1 | 678€ |
| 146 | Razvršje Energetics03404013 · Podgorica | <0.1% | 9,140€ | -61.4% | -8,139€ | -89.0% | 1 | 478€ |
| 147 | Liberty Group03587568 · Podgorica | <0.1% | 7,285€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,599€ | -172.9% | 2 | 754€ |
| 148 | Vode Montenegro02675072 · Podgorica | <0.1% | 6,360€ | 0.0% | -958€ | -15.1% | 1 | 508€ |
| 149 | Innovative Green Industries03235599 · Podgorica | <0.1% | 5,071€ | +46,000.0% | -66,074€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | — |
| 150 | Kjub03735281 · Podgorica | <0.1% | 2,280€ | No filing for 2024. | -9,161€ | -401.8% | 1 | — |