| 1 | NBS | Belgrade | -- | €138.1M | 657 | 70 | B |
| 2 | JAT Tehnika | Belgrade Surcin | -- | €79.2M | 286 | 60 | C+ |
| 3 | Serbian Broadcasting Corporation | -- | -- | €75.3M | 301 | 60 | C+ |
| 4 | FIT | -- | -- | €65.9M | 576 | 60 | C+ |
| 5 | Nordeus | Belgrade | -- | €23.8M | 185 | 60 | C+ |
| 6 | Triple Jump Group | -- | -- | €18.8M | 46 | 60 | C+ |
| 7 | Alpha Bank Serbia | -- | -- | €15.6M | 74 | 60 | C+ |
| 8 | Ministry of Finance, republic of Serbia | -- | -- | €14.3M | 68 | 60 | C+ |
| 9 | University of Pristina in Kosovska Mitrovica | -- | -- | €14.2M | 124 | 60 | C+ |
| 10 | EAR | -- | -- | €11.4M | 113 | 60 | C+ |
| 11 | State University of Novi Pazar | Novi Pazar | -- | €10.1M | 88 | 60 | C+ |
| 12 | Faculty of Science, University of Novi Sad | -- | -- | €9.7M | 93 | 50 | C |
| 13 | City of Nis | -- | -- | €8.9M | 88 | 50 | C |
| 14 | Ministry of Economy and Finance, Government of Rep. Of Kosova | -- | -- | €8.5M | 24 | 50 | C |
| 15 | NALL International | -- | -- | €8.2M | 20 | 50 | C |
| 16 | University of Belgrade School of Dentistry | Belgrade | -- | €8.0M | 70 | 50 | C |
| 17 | KLETT Izdavačka kuća doo | Beograd | -- | €7.6M | 65 | 50 | C |
| 18 | elmag | -- | -- | €6.5M | 26 | 50 | C |
| 19 | AGENA | Belgrade | -- | €6.3M | 49 | 50 | C |
| 20 | Serbia Investment and Export Promotion Agency - SIEPA | -- | -- | €6.0M | 60 | 50 | C |
| 21 | Institute for Medicinal Plants Research | -- | -- | €5.3M | 32 | 50 | C |
| 22 | Faculty of Music, Belgrade, Serbia | -- | -- | €5.2M | 78 | 50 | C |
| 23 | High School of electrical engineering and computing science | -- | -- | €5.0M | 44 | 50 | C |
| 24 | Happy TV | -- | -- | €5.0M | 53 | 50 | C |
| 25 | Faculty of Mechaincal Engineering, University of Kragujevac | -- | -- | €4.5M | 39 | 50 | C |
| 26 | Komuna | Belgrade | -- | €4.4M | 27 | 50 | C |
| 27 | Media Research Center | Nis | -- | €4.0M | 35 | 50 | C |
| 28 | Novi Sad Fair | Novi Sad | -- | €3.8M | 35 | 50 | C |
| 29 | Directorate for Agrarian Payments | -- | -- | €3.8M | 38 | 50 | C |
| 30 | JVP Srbijavode | Belgrade | -- | €3.8M | 38 | 50 | C |
| 31 | Ministry of Telecommunications and Information Society | Belgrade | -- | €3.7M | 37 | 50 | C |
| 32 | Laptop Centar | Belgrade | -- | €3.7M | 9 | 50 | C |
| 33 | Sam Son Company | -- | -- | €3.7M | 9 | 50 | C |
| 34 | none | -- | -- | €3.5M | 37 | 50 | C |
| 35 | Faculty of Education, University of Novi Sad | Sombor | -- | €3.3M | 29 | 50 | C |
| 36 | Media Works | -- | -- | €3.3M | 28 | 50 | C |
| 37 | Nimax, d.o.o | Beograd | -- | €3.3M | 8 | 50 | C |
| 38 | Association of Serbian Banks | -- | -- | €3.2M | 15 | 50 | C |
| 39 | Konsing Group | -- | -- | €3.0M | 26 | 50 | C |
| 40 | CMD CONS ENGINEERING DOO | Belgrade | -- | €3.0M | 16 | 50 | C |
| 41 | Maxima consulting llc | -- | -- | €2.8M | 8 | 50 | C |
| 42 | FC Spartak Subotica | Subotica | -- | €2.8M | 17 | 50 | C |
| 43 | OLI Psihološko Edukativni Centar | Belgrade | -- | €2.7M | 24 | 50 | C |
| 44 | 2020 | Belgrade | -- | €2.6M | 20 | 50 | C |
| 45 | Regulatory agency for electronic communications and postal services | -- | -- | €2.6M | 22 | 50 | C |
| 46 | Capital Investment & Management | -- | -- | €2.5M | 12 | 50 | C |
| 47 | Mathematical highschool, Belgrade | -- | -- | €2.3M | 20 | 50 | C |
| 48 | Panoramic Serbia/Panoramic Travel Group | -- | -- | €2.3M | 8 | 50 | C |
| 49 | AQUA TRAVEL | Belgrade | -- | €2.3M | 8 | 50 | C |
| 50 | Euromaster Group | Novi Sad | -- | €2.2M | 6 | 50 | C |
| 51 | Backup | -- | -- | €2.2M | 20 | 50 | C |
| 52 | Budi Svoj Čovek (Be Your Own Boss) | -- | -- | €2.1M | 6 | 50 | C |
| 53 | HRC D.O.O | -- | -- | €2.0M | 5 | 50 | C |
| 54 | ˝Medlab˝ Helath Care Institution for Laboratory Diagnostics | -- | -- | €2.0M | 12 | 50 | C |
| 55 | Brainz TV | Belgrade | -- | €2.0M | 8 | 50 | C |
| 56 | Regional Development Agency "Branicevo-Podunavlje" | Pozarevac | -- | €1.8M | 5 | 50 | C |
| 57 | Hotel Aleksandar**** - Novi Sad | Novi Sad | -- | €1.7M | 6 | 50 | C |
| 58 | DentalExpress | -- | -- | €1.7M | 10 | 50 | C |
| 59 | Ticher training faculty | -- | -- | €1.6M | 14 | 50 | C |
| 60 | Republic Broadcasting Agency | -- | -- | €1.5M | 6 | 50 | C |
| 61 | Multicon Engineering | -- | -- | €1.5M | 8 | 50 | C |
| 62 | Pexim Solution | -- | -- | €1.5M | 7 | 50 | C |
| 63 | Belgrade fair - World trade center Belgrade | Belgrade | -- | €1.3M | 12 | 50 | C |
| 64 | Ski Association of Serbia | Belgrade | -- | €1.3M | 8 | 50 | C |
| 65 | Sports and Business Center Vojvodina | -- | -- | €1.3M | 8 | 50 | C |
| 66 | BZMF | -- | -- | €1.3M | 6 | 50 | C |
| 67 | Moving Agency Kocic | Belgrade | -- | €1.3M | 7 | 50 | C |
| 68 | Balkan Green Energy News | Belgrade | -- | €1.2M | 18 | 50 | C |
| 69 | Horoskop i Astrologija | -- | -- | €1.2M | 7 | 50 | C |
| 70 | Higher School of Professional Business Studies | -- | -- | €1.1M | 10 | 50 | C |
| 71 | Institute of Criminological and Sociological Research, Belgrade, RS | -- | -- | €1.1M | 11 | 50 | C |
| 72 | MER Invest | -- | -- | €1.1M | 12 | 50 | C |
| 73 | Black Mountain Montenegro Ltd | Herceg Novi | -- | €1.1M | 4 | 50 | C |
| 74 | Art Centre GUARNERIUS | -- | -- | €1.1M | 6 | 50 | C |
| 75 | INTERNATIONAL CENTER FOR FINANCIAL MARKET DEVELOPMENT BELGRADE | Belgrade | -- | €1.1M | 3 | 50 | C |
| 76 | Olimpia Invest a.d. Beograd | -- | -- | €1.1M | 5 | 50 | C |
| 77 | Qube 3D Studio | Belgrade | -- | €1.0M | 8 | 50 | C |
| 78 | Intermex Software & Communications | Belgrade | -- | €1.0M | 8 | 50 | C |
| 79 | Antegra | Belgrade | -- | €1.0M | 8 | 50 | C |
| 80 | Centar za razvoj karijere i savetovanje studenata Univerziteta u Beogradu | Belgrade | -- | €1.0M | 9 | 50 | C |
| 81 | (CHRS) Center for Human resource Studies | Belgrade | -- | €1.0M | 12 | 50 | C |
| 82 | Fonlider D.O.O. | -- | -- | €936K | 8 | 40 | D |
| 83 | Studio 111 d.o.o. | Zemun | -- | €926K | 14 | 40 | D |
| 84 | Jezero d.o.o. Belgrade Bussines unit in Kragujevac,Serbia | -- | -- | €899K | 5 | 40 | D |
| 85 | ioi. | Belgrade | -- | €878K | 7 | 40 | D |
| 86 | Poljoprivreda.info Agroinkubator | Novi Sad | -- | €854K | 9 | 40 | D |
| 87 | MMM Belgrade apartments | -- | -- | €852K | 3 | 40 | D |
| 88 | ASTAKOS Travel & Events | -- | -- | €852K | 3 | 40 | D |
| 89 | Serbian Official Gazette | Belgrade | -- | €822K | 7 | 40 | D |
| 90 | V.I.P. CARE | -- | -- | €815K | 12 | 40 | D |
| 91 | S.C. Gemax | -- | -- | €811K | 5 | 40 | D |
| 92 | P.I.M.P. Studios,Inc. | -- | -- | €794K | 12 | 40 | D |
| 93 | Fine Art - Photography and Design studio | -- | -- | €752K | 6 | 40 | D |
| 94 | Serbian Express Transport Business Association | Belgrade | -- | €719K | 4 | 40 | D |
| 95 | SP10 d.o.o. | -- | -- | €706K | 2 | 40 | D |
| 96 | MYSTECO CONSULTING | -- | -- | €706K | 2 | 40 | D |
| 97 | Portal Kvalitet | Belgrade | -- | €706K | 2 | 40 | D |
| 98 | Regional agency for development of SMEs "Sombor" | -- | -- | €706K | 2 | 40 | D |
| 99 | DIY Consulting d.o.o. | -- | -- | €706K | 2 | 40 | D |
| 100 | Ekonom:east Media Group | -- | -- | €705K | 6 | 40 | D |