Revenue
4.3% of Montenegro's revenue
5,140 companies earned 754.04m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 7 of 18 sectors by revenue. Revenue has grown 2.9× since 2015.
4.3% of Montenegro's revenue
3,148 with at most one employee
Largest employer: Net Montenegro (605)
Total profit: 73.05m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 260,465,104€ | 1,693 |
| 2016 | 282,295,144€ | 1,857 |
| 2017 | 297,746,589€ | 2,096 |
| 2018 | 355,444,030€ | 2,719 |
| 2019 | 389,657,902€ | 3,076 |
| 2020 | 379,713,011€ | 3,280 |
| 2021 | 460,416,960€ | 3,544 |
| 2022 | 481,963,069€ | 4,157 |
| 2023 | 573,319,896€ | 4,742 |
| 2024 | 663,861,015€ | 5,063 |
| 2025 (Preliminary) | 754,035,790€ | 5,140 |
The number of companies jumped most in 2018: from 2,096 to 2,719.
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 5001–5050 of 5,140
* 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 383 sole proprietors: 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* |
|---|
| 5001 | Protekt Investment03083390 · Podgorica | 0.0% | 0€ | -100.0% | -9,511€ | — | 1 | 545€ |
| 5002 | Pro-Telligent03406628 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -107,321€ | — | 3 | 2,332€ |
| 5003 | Prowessi03352820 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,449€ | — | 1 | 866€ |
| 5004 | Psihoputovanje03807738 · Podgorica | 0.0% | 0€ | No filing for 2024. | -621€ | — | 1 | — |
| 5005 | Pylon03520129 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,392€ | — | 1 | — |
| 5006 | Pyramid Marketing03142515 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,068€ | — | 1 | 338€ |
| 5007 | QBC03236951 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,400€ | — | 1 | 450€ |
| 5008 | Quality Connect03671305 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,861€ | — | 1 | 405€ |
| 5009 | Quantum Catnip03743284 · Bar | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 5010 | Radiance03460177 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,321€ | — | 2 | 671€ |
| 5011 | Ragnar Asset Management03259170 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -40,292€ | — | 2 | — |
| 5012 | Ramsdem02993422 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,134€ | — | 1 | 926€ |
| 5013 | Real02641801 · Budva | 0.0% | 0€ | -100.0% | -10,273€ | — | 1 | 691€ |
| 5014 | Reheart03588734 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,932€ | — | 1 | — |
| 5015 | Rekom02950073 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,339€ | — | 1 | 677€ |
| 5016 | Ren - Hotels Management02877350 · Ulcinj | 0.0% | 0€ | -100.0% | -11,386€ | — | 1 | 922€ |
| 5017 | Ridley Park02644720 · Podgorica | 0.0% | 0€ | -100.0% | -10,620€ | — | 1 | — |
| 5018 | Ripido03205959 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 5019 | Romul02682923 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,134€ | — | 1 | 595€ |
| 5020 | Saldo 4MM03805786 · Podgorica | 0.0% | 0€ | No filing for 2024. | -270€ | — | 0 | — |
| 5021 | Sam Consulting03272877 · Tivat | 0.0% | 0€ | -100.0% | -12,870€ | — | 1 | 927€ |
| 5022 | Saobraćajni Institut Cip03622177 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -105,394€ | — | 9 | 929€ |
| 5023 | Sapienti Sat03404773 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 5024 | Sazandari03211231 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 677€ |
| 5025 | S&B Company03392163 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 5026 | SBG Consultant03752500 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,492€ | — | 1 | — |
| 5027 | S.B.O.03356175 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,198€ | — | 1 | 675€ |
| 5028 | S Consulting Company03156206 · Kotor | 0.0% | 0€ | -100.0% | -2,207€ | — | 1 | — |
| 5029 | Seahorse Invest03483657 · Tivat | 0.0% | 0€ | -100.0% | -11,606€ | — | 1 | 678€ |
| 5030 | Sealex03807088 · Bar | 0.0% | 0€ | No filing for 2024. | -122€ | — | 0 | — |
| 5031 | Sedmica Consulting03646050 · Podgorica | 0.0% | 0€ | -100.0% | -5,768€ | — | 1 | 431€ |
| 5032 | Sega Solar Energy03777308 · Podgorica | 0.0% | 0€ | No filing for 2024. | -54,087€ | — | 4 | — |
| 5033 | Seko Montenegro03204880 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 5034 | Sensorium03647358 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,257€ | — | 2 | 676€ |
| 5035 | Sensual Studio03660826 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,085€ | — | 1 | 670€ |
| 5036 | Serconsulting03555160 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,046€ | — | 1 | 674€ |
| 5037 | Seres Capital Research Limited03554678 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,877€ | — | 2 | 832€ |
| 5038 | Sesrega Santum03186601 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,789€ | — | 1 | 350€ |
| 5039 | Šestar03798194 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,943€ | — | 1 | — |
| 5040 | Set Mne03526658 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,326€ | — | 1 | 442€ |
| 5041 | Sezgin Service03741427 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,298€ | — | 1 | 427€ |
| 5042 | Shanghai Electric Power Engineering (montenegro) LLC03081605 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -98,644€ | — | 2 | 678€ |
| 5043 | Sibstroy02640635 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,116€ | — | 1 | 679€ |
| 5044 | Simeon02739739 · Herceg Novi | 0.0% | 0€ | -100.0% | -13,637€ | — | 2 | 508€ |
| 5045 | Sincere Capital03380041 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,202€ | — | 1 | 841€ |
| 5046 | Sistem02372649 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,258€ | — | 1 | 489€ |
| 5047 | SJW03792099 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,851€ | — | 1 | — |
| 5048 | Smart Invest Co03732061 · Budva | 0.0% | 0€ | No filing for 2024. | -5,350€ | — | 0 | — |
| 5049 | Smoto03809277 · Podgorica | 0.0% | 0€ | No filing for 2024. | -207€ | — | 1 | — |
| 5050 | Smyrna Company03380513 · Bar | 0.0% | 0€ | -100.0% | -12,153€ | — | 1 | 922€ |