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 601–650 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* |
|---|
| 601 | Grafomatex02340194 · Podgorica | <0.1% | 209,877€ | +3.2% | 22,122€ | 10.5% | 3 | 892€ |
| 602 | Dik Company03286070 · Rožaje | <0.1% | 209,768€ | +68.9% | 3,142€ | 1.5% | 5 | 1,065€ |
| 603 | Vizia Consulting03334791 · Herceg Novi | <0.1% | 209,507€ | +10.9% | 58,223€ | 27.8% | 5 | 1,110€ |
| 604 | Mediterranean Small Hotel Group03522385 · Budva | <0.1% | 208,780€ | +8.3% | -33,719€ | -16.2% | 1 | 395€ |
| 605 | HLB Mont Audit02694697 · Podgorica | <0.1% | 208,626€ | +76.0% | 22,964€ | 11.0% | 4 | 2,494€ |
| 606 | Geopromet02445565 · Podgorica | <0.1% | 208,364€ | +6.4% | 31,139€ | 14.9% | 8 | 883€ |
| 607 | Adexacademy LTD03231941 · Budva | <0.1% | 208,153€ | +255.0% | 134,342€ | 64.5% | 1 | 3,663€ |
| 608 | CWP Mne03532046 · Podgorica | <0.1% | 208,065€ | +6.8% | 1,682€ | 0.8% | 3 | 3,292€ |
| 609 | Foldana Debt Collection Crna Gora03229769 · Podgorica | <0.1% | 207,037€ | +48.6% | 8,769€ | 4.2% | 7 | 861€ |
| 610 | Ist Construction03423549 · Podgorica | <0.1% | 206,612€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 177,193€ | 85.8% | 1 | 594€ |
| 611 | Artermo03149447 · Podgorica | <0.1% | 206,088€ | -12.0% | 2,177€ | 1.1% | 7 | 1,767€ |
| 612 | Deco Mne02715163 · Podgorica | <0.1% | 206,079€ | +1,900.6% | 160,563€ | 77.9% | 2 | 807€ |
| 613 | Guberinić03374793 · Podgorica | <0.1% | 205,537€ | +0.7% | 15,098€ | 7.3% | 3 | 1,880€ |
| 614 | Lutovac & Partneri03310965 · Podgorica | <0.1% | 204,970€ | -1.8% | 116,231€ | 56.7% | 3 | 1,234€ |
| 615 | Veterinarska Ambulanta Mićunović03567486 · Nikšić | <0.1% | 204,366€ | +33.2% | 10,333€ | 5.1% | 4 | 832€ |
| 616 | Biro M03109992 · Podgorica | <0.1% | 204,307€ | +24.1% | 31,013€ | 15.2% | 6 | 1,834€ |
| 617 | Kreativ Studio03315711 · Ulcinj | <0.1% | 203,427€ | +88.9% | 127,912€ | 62.9% | 5 | 782€ |
| 618 | Simel02132753 · Bar | <0.1% | 203,023€ | -14.4% | 12,170€ | 6.0% | 4 | 985€ |
| 619 | T-Accounting03435296 · Podgorica | <0.1% | 202,718€ | +92.2% | 65,640€ | 32.4% | 3 | 1,050€ |
| 620 | Malm Management and Consulting03497330 · Budva | <0.1% | 202,243€ | +39.2% | 160,964€ | 79.6% | 1 | 1,567€ |
| 621 | Wib Gradnja Projekt03761410 · Tuzi | <0.1% | 202,053€ | No filing for 2024. | 10,876€ | 5.4% | 4 | 697€ |
| 622 | Republički Zavod za Urbanizam i Projektovanje02013690 · Podgorica | <0.1% | 201,816€ | +5.7% | -27,093€ | -13.4% | 8 | 1,316€ |
| 623 | <0.1% | 200,642€ | +34.2% | 40,950€ | 20.4% | 5 | 2,077€ | |
| 624 | Oliver - Ing02915987 · Budva | <0.1% | 200,595€ | -41.7% | -6,359€ | -3.2% | 13 | 898€ |
| 625 | Geotest Engineering03460282 · Podgorica | <0.1% | 200,400€ | +6.1% | 50,524€ | 25.2% | 4 | 941€ |
| 626 | Montenegro Stars Management03355071 · Budva | <0.1% | 200,001€ | -27.0% | 89,567€ | 44.8% | 1 | 8,198€ |
| 627 | Penny Consult03415759 · Herceg Novi | <0.1% | 199,488€ | +29.8% | 25,997€ | 13.0% | 4 | 2,129€ |
| 628 | RST Engineering03646149 · Podgorica | <0.1% | 198,732€ | +370.9% | 14,796€ | 7.4% | 1 | 6,502€ |
| 629 | Media Pro02380820 · Bar | <0.1% | 198,642€ | -6.3% | -9,304€ | -4.7% | 10 | 841€ |
| 630 | Aktiva Sistem02879301 · Budva | <0.1% | 198,558€ | +22.9% | 44,384€ | 22.4% | 8 | 1,098€ |
| 631 | Leading Investments Consulting03079112 · Podgorica | <0.1% | 198,251€ | +5.8% | 58,425€ | 29.5% | 4 | 1,889€ |
| 632 | Abaco02049589 · Bar | <0.1% | 197,782€ | +29.2% | 81,132€ | 41.0% | 4 | 1,016€ |
| 633 | Riva Print02861160 · Tivat | <0.1% | 197,649€ | +13.9% | 2,672€ | 1.4% | 4 | 930€ |
| 634 | M2D Geo03750647 · Bar | <0.1% | 197,403€ | No filing for 2024. | 51,323€ | 26.0% | 3 | 3,828€ |
| 635 | Exploring02188244 · Nikšić | <0.1% | 197,279€ | -65.7% | -35,409€ | -17.9% | 5 | 1,341€ |
| 636 | Bba Company03715116 · Podgorica | <0.1% | 197,257€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 28,971€ | 14.7% | 1 | 1,398€ |
| 637 | Apple Architects03423301 · Herceg Novi | <0.1% | 196,719€ | +223.4% | -18,015€ | -9.2% | 5 | 927€ |
| 638 | Feth Studio03235823 · Rožaje | <0.1% | 196,502€ | +54.0% | 6,029€ | 3.1% | 4 | 1,486€ |
| 639 | Velvet Ip Holding & Consulting03435415 · Budva | <0.1% | 196,453€ | +20.3% | 7,826€ | 4.0% | 1 | 5,002€ |
| 640 | Bestadagent Montenegro03620573 · Herceg Novi | <0.1% | 196,390€ | -16.3% | -18,622€ | -9.5% | 1 | 2,187€ |
| 641 | Međunarodni Institut za Geštalt03458580 · Bar | <0.1% | 196,371€ | +54.4% | -1,776€ | -0.9% | 5 | 1,691€ |
| 642 | Pharmillennium Consulting02314240 · Herceg Novi | <0.1% | 196,125€ | +26.7% | 11,606€ | 5.9% | 1 | 1,157€ |
| 643 | Računovodstvena Akademija03050050 · Podgorica | <0.1% | 195,909€ | +3.4% | 19,529€ | 10.0% | 8 | 1,232€ |
| 644 | Nestor02120836 · Podgorica | <0.1% | 195,476€ | -5.1% | 18,853€ | 9.6% | 7 | 1,142€ |
| 645 | Ban Bilans03098974 · Bar | <0.1% | 193,553€ | +25.4% | 12,789€ | 6.6% | 9 | 743€ |
| 646 | Boki02835029 · Budva | <0.1% | 193,461€ | +3.3% | 6,158€ | 3.2% | 10 | 865€ |
| 647 | Tara Media03137066 · Podgorica | <0.1% | 193,199€ | +56.0% | 48,661€ | 25.2% | 1 | 658€ |
| 648 | Konver02259583 · Herceg Novi | <0.1% | 193,084€ | +0.2% | 12,742€ | 6.6% | 7 | 1,470€ |
| 649 | Dellkom Engineering03656560 · Tuzi | <0.1% | 192,951€ | +560.2% | 97,470€ | 50.5% | 3 | 651€ |
| 650 | Isomont03316157 · Podgorica | <0.1% | 191,625€ | +38.4% | 38,578€ | 20.1% | 2 | 1,393€ |