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 651–700 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* |
|---|
| 651 | MS Global02877767 · Rožaje | <0.1% | 190,906€ | +1.0% | 12,004€ | 6.3% | 7 | 947€ |
| 652 | Ekspert M03275515 · Podgorica | <0.1% | 190,860€ | -51.2% | 2,131€ | 1.1% | 1 | 1,731€ |
| 653 | Agencija za Razvoj i Podršku Poslovanju03373860 · Cetinje | <0.1% | 190,441€ | +5.2% | 5,265€ | 2.8% | 8 | 895€ |
| 654 | D2 Systems02777231 · Podgorica | <0.1% | 190,184€ | +3.9% | -3,954€ | -2.1% | 2 | 805€ |
| 655 | Evrika Consult03461831 · Podgorica | <0.1% | 188,917€ | +36.9% | -28,335€ | -15.0% | 6 | 1,104€ |
| 656 | Red Flame Montenegro02464560 · Bar | <0.1% | 187,963€ | +36.9% | 86,391€ | 46.0% | 2 | 1,627€ |
| 657 | Mašinac03638111 · Podgorica | <0.1% | 187,713€ | +251.4% | 66,458€ | 35.4% | 1 | 4,687€ |
| 658 | Naiad Consulting03375021 · Budva | <0.1% | 186,784€ | +33.0% | -34,887€ | -18.7% | 11 | 483€ |
| 659 | Kov-Atelje02316528 · Nikšić | <0.1% | 186,671€ | -45.4% | 26,643€ | 14.3% | 8 | 1,098€ |
| 660 | Snap Montenegro02854317 · Podgorica | <0.1% | 186,462€ | -49.6% | 37,924€ | 20.3% | 2 | 3,043€ |
| 661 | Formapharm CG Group03657981 · Podgorica | <0.1% | 186,170€ | -89.1% | -27,075€ | -14.5% | 1 | — |
| 662 | Montleon02464659 · Herceg Novi | <0.1% | 185,553€ | -49.1% | 9,021€ | 4.9% | 7 | 751€ |
| 663 | Berza02826607 · Bar | <0.1% | 185,405€ | -16.5% | 7,818€ | 4.2% | 5 | 1,585€ |
| 664 | Usque Renewables03425592 · Podgorica | <0.1% | 185,272€ | -32.8% | 174,061€ | 93.9% | 1 | 415€ |
| 665 | Ksenija02330393 · Bar | <0.1% | 184,958€ | +34.9% | 41,360€ | 22.4% | 7 | 832€ |
| 666 | Madok Finance03106918 · Tivat | <0.1% | 184,678€ | +19.3% | 19,391€ | 10.5% | 6 | 1,801€ |
| 667 | Atlantic Štark02625016 · Podgorica | <0.1% | 184,657€ | -1.2% | 0€ | 0.0% | 3 | 3,833€ |
| 668 | Posrednik02046555 · Herceg Novi | <0.1% | 184,584€ | -3.1% | 996€ | 0.5% | 9 | 1,157€ |
| 669 | Vision Event02633922 · Podgorica | <0.1% | 183,910€ | -22.7% | 13,732€ | 7.5% | 2 | 2,329€ |
| 670 | Veterinarska Ambulanta Petričević03377458 · Kotor | <0.1% | 183,288€ | +8.0% | 150€ | 0.1% | 4 | 1,491€ |
| 671 | Bjmonte-Energy03538664 · Nikšić | <0.1% | 182,877€ | +833.0% | 7,612€ | 4.2% | 1 | 310€ |
| 672 | Anema03235335 · Podgorica | <0.1% | 182,582€ | +11.1% | 2,153€ | 1.2% | 1 | 2,567€ |
| 673 | Sedam-Ing03047377 · Podgorica | <0.1% | 182,337€ | -40.6% | 45,662€ | 25.0% | 9 | 929€ |
| 674 | Asia Inženjering03152561 · Bijelo Polje | <0.1% | 181,285€ | -13.5% | 17,262€ | 9.5% | 1 | 5,041€ |
| 675 | Communication Strategies and Consulting02396335 · Podgorica | <0.1% | 180,124€ | +879.4% | 25,164€ | 14.0% | 3 | 3,612€ |
| 676 | More Consulting03734170 · Podgorica | <0.1% | 180,000€ | No filing for 2024. | 91,350€ | 50.7% | 2 | 1,379€ |
| 677 | V&V Projekt03445950 · Podgorica | <0.1% | 179,930€ | +240.7% | 23,918€ | 13.3% | 3 | 2,188€ |
| 678 | Capital Consult02814986 · Podgorica | <0.1% | 179,192€ | -0.1% | 31,723€ | 17.7% | 6 | 1,307€ |
| 679 | Sonic02741032 · Tivat | <0.1% | 179,019€ | -3.6% | 45,611€ | 25.5% | 6 | 799€ |
| 680 | Prev&Ing02376458 · Podgorica | <0.1% | 178,998€ | -18.3% | 2,470€ | 1.4% | 1 | 1,817€ |
| 681 | Aimax03445534 · Podgorica | <0.1% | 178,223€ | -1.2% | -38,079€ | -21.4% | 11 | 928€ |
| 682 | Geot02722283 · Podgorica | <0.1% | 178,108€ | +4.4% | 3,124€ | 1.8% | 2 | 2,706€ |
| 683 | S&I Projekt03509753 · Podgorica | <0.1% | 178,089€ | +38.5% | 122,950€ | 69.0% | 1 | 1,194€ |
| 684 | Expert Services and Consulting Podgorica03437329 · Podgorica | <0.1% | 177,795€ | -12.6% | 126,333€ | 71.1% | 1 | 2,328€ |
| 685 | Navstar 702860058 · Nikšić | <0.1% | 176,634€ | +146.5% | 79,754€ | 45.2% | 3 | 1,339€ |
| 686 | Aluramanta03431517 · Podgorica | <0.1% | 176,200€ | -16.8% | 85,022€ | 48.3% | 1 | 929€ |
| 687 | Foto Dejo02389754 · Podgorica | <0.1% | 175,552€ | +16.9% | -2,256€ | -1.3% | 4 | 731€ |
| 688 | Extra Profit03076024 · Podgorica | <0.1% | 175,328€ | +11.3% | 20,811€ | 11.9% | 6 | 1,847€ |
| 689 | Promer Engineering and Consultancy and Agency03169332 · Podgorica | <0.1% | 174,750€ | +125.5% | 123,570€ | 70.7% | 3 | 924€ |
| 690 | MV Konsalt02686678 · Podgorica | <0.1% | 173,931€ | -19.1% | 1,070€ | 0.6% | 3 | 2,817€ |
| 691 | R+N03548465 · Podgorica | <0.1% | 173,827€ | +3.3% | -2,590€ | -1.5% | 4 | 1,113€ |
| 692 | Vivajo Montenegro03494454 · Podgorica | <0.1% | 173,603€ | +7.9% | 11,134€ | 6.4% | 14 | 812€ |
| 693 | Stern To Bow03725065 · Tivat | <0.1% | 172,651€ | No filing for 2024. | 58,577€ | 33.9% | 1 | 8,167€ |
| 694 | Mont Hidro03057089 · Zeta | <0.1% | 172,320€ | -24.9% | 3,782€ | 2.2% | 1 | 5,001€ |
| 695 | ND Stemil Consulting & Finance03627179 · Berane | <0.1% | 172,091€ | +105.4% | 548€ | 0.3% | 6 | 2,353€ |
| 696 | NM Consulting03187322 · Podgorica | <0.1% | 171,988€ | +18.9% | 3,273€ | 1.9% | 13 | 860€ |
| 697 | Cubo02820382 · Podgorica | <0.1% | 171,921€ | -37.5% | -23,712€ | -13.8% | 2 | 726€ |
| 698 | Metović International02746417 · Bar | <0.1% | 171,782€ | +76.2% | 19,543€ | 11.4% | 5 | 1,137€ |
| 699 | Geneplanet Mne03617238 · Podgorica | <0.1% | 171,276€ | -3.2% | 4,292€ | 2.5% | 1 | 12,230€ |
| 700 | Montaža Montenegro02293005 · Podgorica | <0.1% | 171,166€ | +454.6% | 32,118€ | 18.8% | 1 | 5,477€ |