Revenue
48.1% of sector revenue
128 companies earned 448.68m€ in 2025, 48.1% of Energy, water & waste sector revenue. Revenue has grown 1.8× since 2015.
48.1% of sector revenue
94 with at most one employee
Largest employer: Elektroprivreda Crne Gore (1,170)
Not shown: one company carries more than half of the profit or loss
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 101–128 of 128
* 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 →
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 248,705,870€ | 49 |
| 2016 | 251,323,568€ | 56 |
| 2017 | 263,420,156€ | 61 |
| 2018 | 322,385,039€ | 59 |
| 2019 | 339,384,370€ | 58 |
| 2020 | 358,044,490€ | 60 |
| 2021 | 428,395,797€ | 64 |
| 2022 | 570,102,160€ | 93 |
| 2023 | 546,648,568€ | 107 |
| 2024 | 469,662,480€ | 126 |
| 2025 (Preliminary) | 448,679,522€ | 128 |
The number of companies jumped most in 2022: from 64 to 93.
Employees and payroll cost per employee per month*
0.0% |
| 0€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -9,602€ |
| — |
| 1 |
| 675€ |
| 103 | Fontis Sol03086526 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 104 | 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€ |
| 105 | Lima Energy03117308 · Podgorica | 0.0% | 0€ | -100.0% | -16,063€ | — | 1 | 678€ |
| 106 | Nik Energetik03261905 · Nikšić | 0.0% | 0€ | -100.0% | -14,657€ | — | 1 | 677€ |
| 107 | Elektrotehna02096013 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,011€ | — | 1 | — |
| 108 | Enq Montenegro03686272 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 109 | 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€ |
| 110 | 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€ |
| 111 | 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€ |
| 112 | Han Grup03659445 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,545€ | — | 1 | 914€ |
| 113 | Hydro Lještanica03126242 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,728€ | — | 1 | 672€ |
| 114 | Mhe Štitarica03088634 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,150€ | — | 1 | 929€ |
| 115 | Phyllon03543676 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,553€ | — | 1 | 1,080€ |
| 116 | Plava Hydro Power02998475 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,384€ | — | 1 | 340€ |
| 117 | Simes Hidro03719758 · Podgorica | 0.0% | 0€ | No filing for 2024. | -6,281€ | — | 1 | — |
| 118 | Sled - Charging Stations03648451 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,102€ | — | 2 | 705€ |
| 119 | Solar Global03588947 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -44,408€ | — | 1 | 941€ |
| 120 | Solek Montenegro Services03626300 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,562€ | — | 1 | — |
| 121 | SPV Alfa Montenegro03627152 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,802€ | — | 1 | — |
| 122 | SPV Beta Montenegro03627136 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,342€ | — | 1 | — |
| 123 | SPV Gamma Montenegro03629660 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,626€ | — | 1 | — |
| 124 | ST Invest Europe03399249 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -57,123€ | — | 6 | 732€ |
| 125 | String03668703 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,322€ | — | 1 | 336€ |
| 126 | Three Seventeen03733513 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,803€ | — | 1 | 400€ |
| 127 | World Vision Green Energy03312496 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,051€ | — | 1 | 338€ |
| 128 | ZT Energy03448614 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,827€ | — | 1 | 341€ |