Energy, water & waste companies in Montenegro ranked by revenue 2021. This 2021 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2021, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12020: rank 1 | Elektroprivreda Crne Gore Energy, water & waste · Nikšić | 02002230Income statement (PDF) | 392,076,168€ | +20.0% | 975 | 49.7% |
| 22020: rank 2 | Crnogorski Elektrodistributivni Sistem Energy, water & waste · Podgorica | 03099873Income statement (PDF) | 105,845,989€ | +5.6% | 1,428 | 13.4% |
| 32020: rank 3 | Crnogorski Elektroprenosni Sistem Energy, water & waste · Podgorica | 02751372Income statement (PDF) | 77,002,001€ | +49.2% | 300 | 9.8% |
| 42020: rank 4 | Krnovo Green Energy Energy, water & waste · Nikšić | 02713527Income statement (PDF) | 19,001,109€ | -0.9% | 1 | 2.4% |
| 52020: rank 7 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 15,970,448€ | +50.8% | 15 | 2.0% |
| 62020: rank 5 | Vodovod i Kanalizacija Energy, water & waste · Podgorica | 02015641Income statement (PDF) | 14,532,118€ | -15.8% | 567 | 1.8% |
| 72020: rank 6 | Mozura Wind Park Energy, water & waste · Podgorica | 02724391Income statement (PDF) | 12,429,441€ | +2.6% | 6 | 1.6% |
| 82020: rank 11 | Centar za Reciklažu Energy, water & waste · Nikšić | 02635879Income statement (PDF) | 11,330,237€ | +102.6% | 24 | 1.4% |
| 92020: rank 8 | Čistoća Energy, water & waste · Podgorica | 02407493Income statement (PDF) | 8,783,657€ | -15.3% | 533 | 1.1% |
| 102020: rank 9 | Simes Inženjering Energy, water & waste · Podgorica | 02319977Income statement (PDF) | 8,707,873€ | +15.1% | 49 | 1.1% |
| 112020: rank 40 | Hemosan Energy, water & waste · Bar | 02160102Income statement (PDF) | 7,542,195€ | +481.2% | 37 | 1.0% |
| 122020: rank 12 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 6,937,004€ | +30.5% | 226 | 0.9% |
| 132020: rank 10 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 6,202,962€ | +4.5% | 76 | 0.8% |
| 142020: rank 14 | Vodovod i Kanalizacija Energy, water & waste · Bar | 02054779Income statement (PDF) | 6,000,926€ | +17.4% | 169 | 0.8% |
| 152020: rank 18 | Deponija Energy, water & waste · Podgorica | 02653907Income statement (PDF) | 5,894,274€ | +29.6% | 160 | 0.7% |
| 162020: rank 13 | Valgo Energy, water & waste · Podgorica | 03139263Income statement (PDF) | 5,557,168€ | +6.2% | 1 | 0.7% |
| 172020: rank 15 | Komunalne Djelatnosti Energy, water & waste · Bar | 02002752Income statement (PDF) | 5,056,849€ | +5.3% | 314 | 0.6% |
| 182020: rank 16 | Vodovod i Kanalizacija Energy, water & waste · Herceg Novi | 02293196Income statement (PDF) | 4,995,676€ | +4.5% | 163 | 0.6% |
| 192020: rank 20 | Komunalno Energy, water & waste · Budva | 02005719Income statement (PDF) | 4,876,861€ | +34.2% | 161 | 0.6% |
| 202020: rank 27 | Hidroenergija Montenegro Energy, water & waste · Berane | 02665956Income statement (PDF) | 4,393,707€ | +90.2% | 7 | 0.6% |
| 212020: rank 34 | Ve-Ro Recycling Energy, water & waste · Podgorica | 03022404Income statement (PDF) | 4,334,284€ | +140.6% | 1 | 0.5% |
| 222020: rank 17 | Vodovod i Kanalizacija Energy, water & waste · Nikšić | 02033143Income statement (PDF) | 4,090,861€ | -14.2% | 196 | 0.5% |
| 232020: rank 21 | Komunalno Kotor Energy, water & waste · Kotor | 02013274Income statement (PDF) | 3,645,332€ | +14.6% | 148 | 0.5% |
| 242020: rank 22 | Vodovod i Kanalizacija Energy, water & waste · Tivat | 02295407Income statement (PDF) | 3,479,446€ | +19.8% | 57 | 0.4% |
| 252020: rank 19 | Vodovod i Kanalizacija Kotor Energy, water & waste · Kotor | 02013312Income statement (PDF) | 3,365,185€ | -21.6% | 94 | 0.4% |
| 262020: rank 23 | Komunalno Energy, water & waste · Nikšić | 02000857Income statement (PDF) | 3,326,810€ | +14.9% | 173 | 0.4% |
| 272020: rank 24 | Čistoća Energy, water & waste · Herceg Novi | 02293200Income statement (PDF) | 3,261,111€ | +22.6% | 163 | 0.4% |
| 282020: rank 25 | Komunalno Energy, water & waste · Tivat | 02295440Income statement (PDF) | 2,667,383€ | +10.2% | 114 | 0.3% |
| 292020: rank 26 | Komunalne Djelatnosti Energy, water & waste · Ulcinj | 02877538Income statement (PDF) | 2,612,676€ | +8.4% | 154 | 0.3% |
| 302020: rank 35 | PD-33 Energy, water & waste · Podgorica | 03078884Income statement (PDF) | 2,456,158€ | +58.8% | 4 | 0.3% |
| 312020: rank 28 | Čistoća Energy, water & waste · Pljevlja | 02731657Income statement (PDF) | 2,365,899€ | +3.4% | 167 | 0.3% |
| 322020: rank 32 | Vodovod i Kanalizacija Energy, water & waste · Ulcinj | 02877449Income statement (PDF) | 2,357,398€ | +22.2% | 125 | 0.3% |
| 332020: rank 33 | PM Power Energy, water & waste · Tivat | 02790203Income statement (PDF) | 2,340,896€ | +27.8% | 4 | 0.3% |
| 342020: rank 31 | Komunalno - Lim Energy, water & waste · Bijelo Polje | 02004003Income statement (PDF) | 2,108,105€ | +3.0% | 148 | 0.3% |
| 352020: rank 29 | Kronor Energy, water & waste · Podgorica | 02737752Income statement (PDF) | 1,916,333€ | -8.0% | 20 | 0.2% |
| 362020: rank 38 | Vodovod Energy, water & waste · Pljevlja | 02343762Income statement (PDF) | 1,870,928€ | +38.9% | 120 | 0.2% |
| 372020: rank 45 | Small Hydro Power Plant Mojanska Energy, water & waste · Andrijevica | 02999153Income statement (PDF) | 1,674,320€ | +54.9% | 6 | 0.2% |
| 382020: rank 41 | Komunalno Energy, water & waste · Cetinje | 02004887Income statement (PDF) | 1,602,787€ | +24.4% | 77 | 0.2% |
| 392020: rank 46 | Možura Energy, water & waste · Bar | 02736381Income statement (PDF) | 1,569,098€ | +54.2% | 27 | 0.2% |
| 402020: rank 37 | Vodovod i Kanalizacija-Cetinje Energy, water & waste · Cetinje | 02029928Income statement (PDF) | 1,553,695€ | +10.0% | 66 | 0.2% |
| 412020: rank 36 | Vodovod i Kanalizacija Energy, water & waste · Danilovgrad | 02877864Income statement (PDF) | 1,485,517€ | +1.7% | 70 | 0.2% |
| 422020: rank 106 | Mhe Vrbnica Energy, water & waste · Podgorica | 03004856Income statement (PDF) | 1,353,398€ | +4,055.2% | 1 | 0.2% |
| 432020: rank 50 | Ekomedika Energy, water & waste · Podgorica | 02777762Income statement (PDF) | 1,295,560€ | +45.2% | 13 | 0.2% |
| 442020: rank 43 | Komunalno Energy, water & waste · Berane | 02361825Income statement (PDF) | 1,270,291€ | +8.1% | 143 | 0.2% |
| 452020: rank 44 | Bistrica Energy, water & waste · Bijelo Polje | 02004011Income statement (PDF) | 1,256,120€ | +15.7% | 64 | 0.2% |
| 462020: rank 48 | Hydro Bistrica Energy, water & waste · Podgorica | 02998513Income statement (PDF) | 1,097,676€ | +17.8% | 8 | 0.1% |
| 472020: rank 60 | Small Hydro Power Plant Kutska Energy, water & waste · Andrijevica | 02999188Income statement (PDF) | 941,132€ | +77.3% | 7 | 0.1% |
| 482020: rank 47 | Komunalno Energy, water & waste · Danilovgrad | 02875985Income statement (PDF) | 859,387€ | -8.5% | 53 | 0.1% |
| 492020: rank 59 | Vodovod i Kanalizacija Energy, water & waste · Berane | 02361833Income statement (PDF) | 847,754€ | +43.2% | 61 | 0.1% |
| 50No filing for 2020. | Inter Trade Co Energy, water & waste · Podgorica | 03340520Income statement (PDF) | 833,604€ | No filing for 2020. | 3 | 0.1% |
Showing 1–50 · top 50 of 192 companies
This ranking contains 50 records for 2021, ordered by revenue after applying data-quality eligibility rules.
The leading record is ELEKTROPRIVREDA CRNE GORE AD-NIKŠIĆ; placement is determined by revenue, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology