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 201–250 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* |
|---|
| 201 | Quattro Solari Iv03644570 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -240€ | — | 1 | — |
| 202 | Rudnici Mrkog Uglja02641402 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 203 | Samson Otpad03155315 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,656€ | — | 1 | 339€ |
| 204 | Sasovići Solar03724255 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -8,045€ | — | 1 | 523€ |
| 205 | Se Grabovac03442152 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -40,249€ | — | 1 | — |
| 206 | Se Velestovo03809145 · Podgorica | 0.0% | 0€ | No filing for 2024. | -26€ | — | 1 | — |
| 207 | Solar City03453782 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,243€ | — | 2 | 593€ |
| 208 | Solar Electro03560597 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,877€ | — | 1 | 450€ |
| 209 | Solar Hill03802442 · Budva | 0.0% | 0€ | No filing for 2024. | -602€ | — | 1 | — |
| 210 | Solar Impact Montenegro03497160 · Danilovgrad | 0.0% | 0€ | No filing for 2024. | -16€ | — | 0 | — |
| 211 | Solar Power03325962 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -101,681€ | — | 1 | 4,003€ |
| 212 | Soluno03704637 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,544€ | — | — | — |
| 213 | Somsol03470911 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,058€ | — | 1 | — |
| 214 | Streamenergo03479935 · Podgorica | 0.0% | 0€ | -100.0% | -16,957€ | — | 2 | 617€ |
| 215 | Sun Horizon03457109 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -67,152€ | — | 1 | 539€ |
| 216 | Sunray03471292 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,695€ | — | 1 | 1,802€ |
| 217 | Sunrise Europe03493628 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,763€ | — | 1 | — |
| 218 | Taraenergo02828081 · Mojkovac | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 338€ |
| 219 | Terra Solar03581659 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,137€ | — | 1 | — |
| 220 | TM Energy03322424 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,015€ | — | 1 | 1,299€ |
| 221 | Torac-Solar03690849 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,020€ | — | 1 | — |
| 222 | Twinfin Tesla03159256 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,209€ | — | 1 | — |
| 223 | Valgo Montenegro03236862 · Podgorica | 0.0% | 0€ | -100.0% | -21,084€ | — | 1 | 1,199€ |
| 224 | Res Adria Group03367738 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,541€ | — | 1 | 595€ |
| 225 | Res Montenegro Group03389251 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,496€ | — | 1 | 337€ |
| 226 | MNM Solar DK03799603 · Berane | 0.0% | 0€ | No filing for 2024. | -1,197€ | — | 1 | — |
| 227 | Goli Lisac03288064 · Pljevlja | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,456€ | — | 0 | — |
| 228 | Wind Europe - Mne02934167 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,602€ | — | 1 | 675€ |
| 229 | Fontis Sol03086526 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 230 | Bistrica Clean Energy03154491 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,241€ | — | 1 | 430€ |
| 231 | Il Pescatore02359286 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,217€ | — | 1 | — |
| 232 | Lima Energy03117308 · Podgorica | 0.0% | 0€ | -100.0% | -16,063€ | — | 1 | 678€ |
| 233 | PSTM Mne03804917 · Podgorica | 0.0% | 0€ | No filing for 2024. | -746€ | — | 1 | — |
| 234 | Nik Energetik03261905 · Nikšić | 0.0% | 0€ | -100.0% | -14,657€ | — | 1 | 677€ |
| 235 | Troy Company03182711 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,063€ | — | 1 | 922€ |
| 236 | Ecologic CG02902176 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -450€ | — | 1 | — |
| 237 | Eco Collection03291898 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,270€ | — | 1 | 679€ |
| 238 | Elektrotehna02096013 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,011€ | — | 1 | — |
| 239 | Energy 203531333 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,524€ | — | 1 | 1,728€ |
| 240 | Enq Montenegro03686272 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 241 | Flash Solar Energy03510212 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,665€ | — | 1 | 923€ |
| 242 | Future Hidro03369412 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,868€ | — | 1 | 1,199€ |
| 243 | Future Sun03078299 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -40,392€ | — | 1 | 1,199€ |
| 244 | Greendrop03673952 · Gusinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,076€ | — | 1 | — |
| 245 | Han Grup03659445 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,545€ | — | 1 | 914€ |
| 246 | Hydro Lještanica03126242 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,728€ | — | 1 | 672€ |
| 247 | International Energybank Ieb03357139 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 248 | Mhe Štitarica03088634 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,150€ | — | 1 | 929€ |
| 249 | Nova Commodities Montenegro03512002 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,187€ | — | 1 | — |
| 250 | Phyllon03543676 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,553€ | — | 1 | 1,080€ |