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 701–750 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* |
|---|
| 701 | Business Solutions Team03304329 · Podgorica | <0.1% | 170,000€ | +6.3% | 38,746€ | 22.8% | 1 | 397€ |
| 702 | Terzić & Živković03503445 · Podgorica | <0.1% | 169,123€ | +74.7% | 64,994€ | 38.4% | 4 | 1,683€ |
| 703 | Regionalni Biznis Centar03063259 · Berane | <0.1% | 168,330€ | +23.1% | 19,716€ | 11.7% | 9 | 1,182€ |
| 704 | Paralele03290751 · Tivat | <0.1% | 168,210€ | +41.1% | 10,998€ | 6.5% | 5 | 1,130€ |
| 705 | Studio Arka03627543 · Podgorica | <0.1% | 167,889€ | +160.1% | 6,997€ | 4.2% | 1 | 8,710€ |
| 706 | Fatima-Ing03584518 · Podgorica | <0.1% | 167,311€ | +65.8% | 44,384€ | 26.5% | 9 | 685€ |
| 707 | Geos02388839 · Podgorica | <0.1% | 166,397€ | +80.8% | 6,446€ | 3.9% | 5 | 1,746€ |
| 708 | Dejan & Jovana03041069 · Nikšić | <0.1% | 165,377€ | +10.6% | 11,257€ | 6.8% | 13 | 612€ |
| 709 | Hospitality Management Solutions03318800 · Tivat | <0.1% | 165,311€ | -22.5% | -6,682€ | -4.0% | 2 | 2,176€ |
| 710 | Vet Port02726980 · Kotor | <0.1% | 164,560€ | -10.1% | 6,292€ | 3.8% | 4 | 1,514€ |
| 711 | Erc System02761670 · Herceg Novi | <0.1% | 164,092€ | +28.4% | 38,787€ | 23.6% | 4 | 2,349€ |
| 712 | Studio As03702472 · Podgorica | <0.1% | 164,083€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 104,881€ | 63.9% | 2 | 1,533€ |
| 713 | Energy Team02979292 · Podgorica | <0.1% | 163,955€ | -48.5% | 19,601€ | 12.0% | 2 | 1,322€ |
| 714 | C&C Accounting03363007 · Podgorica | <0.1% | 163,880€ | +4.1% | 67,993€ | 41.5% | 3 | 1,940€ |
| 715 | Marker02809834 · Podgorica | <0.1% | 163,291€ | -6.3% | 17,760€ | 10.9% | 2 | 657€ |
| 716 | Hazard Defense Group03516911 · Pljevlja | <0.1% | 163,063€ | +58.8% | 24,393€ | 15.0% | 4 | 2,120€ |
| 717 | Studio Kota03172384 · Podgorica | <0.1% | 162,966€ | +329.1% | 47,863€ | 29.4% | 1 | 4,116€ |
| 718 | Projekta03392929 · Kotor | <0.1% | 162,718€ | +404.3% | 66,665€ | 41.0% | 2 | 626€ |
| 719 | Geotehnika Plus02903849 · Nikšić | <0.1% | 162,125€ | +85.2% | 77,693€ | 47.9% | 4 | 1,256€ |
| 720 | Unipool02429357 · Tivat | <0.1% | 162,050€ | +9.6% | 12,418€ | 7.7% | 3 | 752€ |
| 721 | Aq Accounting03219372 · Podgorica | <0.1% | 161,802€ | +18.8% | 24,797€ | 15.3% | 5 | 779€ |
| 722 | Laweden03621103 · Budva | <0.1% | 161,782€ | +339.3% | 23,705€ | 14.7% | 1 | 2,000€ |
| 723 | Expatio03643298 · Podgorica | <0.1% | 161,658€ | +109.6% | 40,270€ | 24.9% | 2 | 1,076€ |
| 724 | Sentient02725525 · Tivat | <0.1% | 161,617€ | +51.5% | 4,277€ | 2.6% | 3 | 1,233€ |
| 725 | Green House02149834 · Podgorica | <0.1% | 161,444€ | +41.3% | 2,373€ | 1.5% | 3 | 2,119€ |
| 726 | Boss MGMT GRP03418766 · Nikšić | <0.1% | 161,428€ | +29.5% | 7,803€ | 4.8% | 11 | 1,077€ |
| 727 | Studio Struktura03314898 · Nikšić | <0.1% | 161,408€ | +14.7% | 10,251€ | 6.4% | 2 | 1,210€ |
| 728 | Statpro03111768 · Podgorica | <0.1% | 161,303€ | +55.1% | 2,802€ | 1.7% | 2 | 898€ |
| 729 | Bauković03589757 · Podgorica | <0.1% | 161,143€ | +31.0% | 72,263€ | 44.8% | 3 | 1,022€ |
| 730 | Pro Conto03075320 · Podgorica | <0.1% | 160,580€ | +21.5% | 37,028€ | 23.1% | 6 | 1,134€ |
| 731 | Moravčević, Vojnović i Partneri Mne03375064 · Podgorica | <0.1% | 159,927€ | +128.9% | 59,752€ | 37.4% | 3 | 968€ |
| 732 | Hidro-H02376911 · Ulcinj | <0.1% | 159,455€ | +57.0% | 1,447€ | 0.9% | 1 | 881€ |
| 733 | Avgen LTD03172708 · Herceg Novi | <0.1% | 158,931€ | -21.1% | -9,778€ | -6.2% | 3 | 3,659€ |
| 734 | Biro All03301982 · Tivat | <0.1% | 158,849€ | +24.8% | 7,372€ | 4.6% | 3 | 1,240€ |
| 735 | Evropartner CG03234061 · Herceg Novi | <0.1% | 158,009€ | -24.6% | 4,860€ | 3.1% | 6 | 1,252€ |
| 736 | Projektor02720892 · Tivat | <0.1% | 157,961€ | -21.1% | 1,863€ | 1.2% | 4 | 1,216€ |
| 737 | Racio02419718 · Podgorica | <0.1% | 157,919€ | -30.6% | 17,500€ | 11.1% | 2 | 1,184€ |
| 738 | Smart Funnel03573885 · Podgorica | <0.1% | 157,836€ | +12.8% | 44,576€ | 28.2% | 1 | 4,298€ |
| 739 | Praksis02373092 · Kotor | <0.1% | 157,690€ | +16.3% | 33,282€ | 21.1% | 4 | 1,665€ |
| 740 | MT Tim02727811 · Podgorica | <0.1% | 157,586€ | +35.2% | 2,765€ | 1.8% | 3 | 865€ |
| 741 | VR Consulting03090205 · Budva | <0.1% | 157,582€ | +41.3% | 12,389€ | 7.9% | 4 | 1,095€ |
| 742 | Budva02022672 · Budva | <0.1% | 157,410€ | +35.5% | -28,055€ | -17.8% | 5 | 1,085€ |
| 743 | Nero Azzurro03188400 · Cetinje | <0.1% | 157,354€ | +17.2% | 2,462€ | 1.6% | 5 | 1,963€ |
| 744 | Superbook03070018 · Podgorica | <0.1% | 157,068€ | -10.7% | -11,733€ | -7.5% | 6 | 800€ |
| 745 | Katalyst03008355 · Tivat | <0.1% | 156,471€ | -34.0% | 51,409€ | 32.9% | 1 | 676€ |
| 746 | Urban Design03206289 · Podgorica | <0.1% | 156,400€ | +153.1% | 62,208€ | 39.8% | 2 | 2,834€ |
| 747 | Prona02415577 · Podgorica | <0.1% | 156,262€ | +45.5% | 0€ | 0.0% | 3 | 1,845€ |
| 748 | Teri Engineering02656515 · Podgorica | <0.1% | 156,207€ | +6.6% | 24,049€ | 15.4% | 2 | 817€ |
| 749 | Zoni Inc03642259 · Podgorica | <0.1% | 155,970€ | +150.4% | 29,484€ | 18.9% | 1 | 4,677€ |
| 750 | Optimum VSR03113922 · Podgorica | <0.1% | 155,922€ | +252.5% | 61,060€ | 39.2% | 1 | 4,260€ |