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 151–200 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* |
|---|
| 151 | Wem Montenegro03172244 · Podgorica | <0.1% | 1,905€ | -53.0% | 585€ | 30.7% | 1 | — |
| 152 | W Photovoltaic Energy03766187 · Danilovgrad | <0.1% | 1,800€ | No filing for 2024. | 327€ | 18.2% | 0 | — |
| 153 | Sharp 2402401762 · Budva | <0.1% | 1,446€ | +776.4% | -20,440€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 587€ |
| 154 | Pekos-Peković02229404 · Nikšić | <0.1% | 1,210€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,400€ | -694.2% | 1 | 674€ |
| 155 | M Energy03445852 · Cetinje | <0.1% | 1,180€ | +49.0% | -27,188€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 337€ |
| 156 | Dekar Energy02868679 · Podgorica | <0.1% | 1,132€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,562€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 343€ |
| 157 | MWP03538486 · Podgorica | <0.1% | 1,075€ | -93.2% | -198,077€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,216€ |
| 158 | Aa Energy03017168 · Kolašin | <0.1% | 1,000€ | -90.9% | -13,463€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,098€ |
| 159 | Solpeco03617980 · Nikšić | <0.1% | 860€ | +7.5% | -6,494€ | -755.1% | 1 | 581€ |
| 160 | Termo-Tehnika Hodžić03413268 · Bijelo Polje | <0.1% | 550€ | +1,000.0% | -8,100€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 161 | Mirent03798496 · Podgorica | <0.1% | 480€ | No filing for 2024. | -1,629€ | -339.4% | 0 | — |
| 162 | Vjetro Park Korita03479862 · Podgorica | <0.1% | 211€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -40,474€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,318€ |
| 163 | Green Solutions02944464 · Podgorica | <0.1% | 13€ | +1,200.0% | -20,536€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,257€ |
| 164 | N103454240 · Podgorica | <0.1% | 8€ | -100.0% | -558,033€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 2,080€ |
| 165 | LB Water Supply Company03339220 · Tivat | <0.1% | 3€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -89,224€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 566€ |
| 166 | Koljeno Solar03728668 · Podgorica | <0.1% | 2€ | No filing for 2024. | -49,751€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 624€ |
| 167 | Unipan Green03478106 · Podgorica | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,932€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 168 | Trio Energia03690571 · Bar | <0.1% | 1€ | 0.0% | -129,410€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 169 | A10103545407 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,725€ | — | 1 | — |
| 170 | Agenos Energy03490190 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -134,780€ | — | 1 | 6,013€ |
| 171 | Barsolar03105911 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,319€ | — | 1 | 935€ |
| 172 | BP Hydropower03099903 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,529€ | — | 1 | 454€ |
| 173 | Bse03501680 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 174 | Adriatic Green Energy03376044 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,579€ | — | 1 | 982€ |
| 175 | Adriatic Waste 2 Energy02982323 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,502€ | — | 1 | 677€ |
| 176 | Beri Solar03589595 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,162€ | — | 1 | — |
| 177 | Bio Gas Project Management03107833 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,152€ | — | 1 | 346€ |
| 178 | BSP Investment Montenegro03490866 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,396€ | — | 1 | — |
| 179 | C&S Energy03136647 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -424,570€ | — | 1 | 645€ |
| 180 | Solar03710467 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,950€ | — | 1 | — |
| 181 | Dekar Hidro02811502 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,944€ | — | 1 | 406€ |
| 182 | Ee Korita03492257 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -115,142€ | — | 1 | 4,215€ |
| 183 | Ee Tupan03640337 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,050€ | — | 1 | — |
| 184 | Electron Holding Montenegro03519660 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,603€ | — | 1 | 925€ |
| 185 | Energija Vjetra03564096 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,025€ | — | 1 | — |
| 186 | Gorana Energy03650910 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,481€ | — | 1 | — |
| 187 | Gornji do Solar03684121 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,679€ | — | 1 | — |
| 188 | Green Recycle Energy03798585 · Budva | 0.0% | 0€ | No filing for 2024. | -990€ | — | 2 | — |
| 189 | Hydro Energy02807220 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,524€ | — | 1 | 370€ |
| 190 | Kosanica Solar03568083 · Pljevlja | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,353€ | — | 1 | — |
| 191 | MB Solar03710475 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,556€ | — | 1 | — |
| 192 | MN Power03021530 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,197€ | — | 1 | 929€ |
| 193 | Nordic Energy Potencijal02781352 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,914€ | — | 1 | 338€ |
| 194 | PD Solar03737110 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,148€ | — | 1 | — |
| 195 | Porto Energy03606082 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,786€ | — | 1 | — |
| 196 | Pugachev&Ko03533689 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,940€ | — | 1 | 678€ |
| 197 | Qair Briska Gora03450562 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,047€ | — | 1 | 316€ |
| 198 | Qair Rudine03607011 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,619€ | — | 1 | 393€ |
| 199 | Quattro Solari Iii03644553 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60€ | — | 1 | — |
| 200 | Quattro Solari i03644588 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -200€ | — | 1 | — |