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 801–850 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* |
|---|
| 801 | Arterija Studio02719576 · Nikšić | <0.1% | 142,502€ | -10.2% | 32,298€ | 22.7% | 5 | 1,035€ |
| 802 | Bastion02907186 · Podgorica | <0.1% | 142,400€ | +96.1% | -32,711€ | -23.0% | 1 | 2,194€ |
| 803 | Business Accounting03402029 · Podgorica | <0.1% | 142,261€ | +36.4% | 6,016€ | 4.2% | 7 | 1,442€ |
| 804 | Montenegro Finance03418634 · Podgorica | <0.1% | 142,071€ | -35.5% | 1,901€ | 1.3% | 6 | 1,268€ |
| 805 | Montpass03488071 · Tivat | <0.1% | 141,719€ | -51.3% | 14,413€ | 10.2% | 3 | 1,153€ |
| 806 | SGS Beograd02834723 · Bar | <0.1% | 141,592€ | -5.2% | 22,615€ | 16.0% | 3 | 2,296€ |
| 807 | Martello03586383 · Budva | <0.1% | 141,550€ | -5.7% | 37,146€ | 26.2% | 2 | 3,815€ |
| 808 | Index Group03313310 · Berane | <0.1% | 140,542€ | +108.9% | 18,073€ | 12.9% | 6 | 1,517€ |
| 809 | M.R. Cetinje02423316 · Cetinje | <0.1% | 139,846€ | -5.1% | 23,488€ | 16.8% | 7 | 921€ |
| 810 | Archimax03416372 · Podgorica | <0.1% | 139,610€ | +104.9% | 13,047€ | 9.3% | 1 | 2,155€ |
| 811 | Roćen - Boričić03311902 · Podgorica | <0.1% | 139,285€ | +11.4% | -34,021€ | -24.4% | 2 | 2,232€ |
| 812 | Astria Finance Consulting03366316 · Podgorica | <0.1% | 138,862€ | +28.8% | 37,248€ | 26.8% | 5 | 1,266€ |
| 813 | Studio Aspeqt03619567 · Bar | <0.1% | 138,820€ | -40.3% | 12,890€ | 9.3% | 5 | 1,592€ |
| 814 | Conrex03226026 · Podgorica | <0.1% | 138,545€ | +3.0% | 499€ | 0.4% | 2 | 1,032€ |
| 815 | Mala Galata02349582 · Budva | <0.1% | 137,786€ | -17.6% | -13,099€ | -9.5% | 3 | 944€ |
| 816 | Kontrast Studio02925524 · Podgorica | <0.1% | 137,546€ | +6.3% | 13,557€ | 9.9% | 2 | 2,343€ |
| 817 | Meping Pro03259048 · Podgorica | <0.1% | 137,433€ | -1.2% | 355€ | 0.3% | 5 | 1,501€ |
| 818 | Professional Consultants03290654 · Podgorica | <0.1% | 137,001€ | +44.2% | 105,457€ | 77.0% | 1 | 1,163€ |
| 819 | Possessio Montenegro03001113 · Herceg Novi | <0.1% | 136,881€ | -12.9% | 7,301€ | 5.3% | 1 | 6,912€ |
| 820 | Zoras03126129 · Kotor | <0.1% | 136,873€ | +14.8% | 6,527€ | 4.8% | 11 | 762€ |
| 821 | Enisey Consulting03437337 · Podgorica | <0.1% | 136,711€ | -23.9% | -10,759€ | -7.9% | 1 | 8,862€ |
| 822 | Projektantski Studio- Soha Architects03318338 · Podgorica | <0.1% | 136,431€ | +51.2% | 367€ | 0.3% | 3 | 1,640€ |
| 823 | L & K Projects02903580 · Kotor | <0.1% | 136,292€ | -8.5% | 20,416€ | 15.0% | 3 | 1,098€ |
| 824 | Vet - Sanus02702339 · Bijelo Polje | <0.1% | 136,216€ | +14.7% | 1,835€ | 1.3% | 6 | 1,201€ |
| 825 | Audit Standard03537765 · Podgorica | <0.1% | 136,166€ | +34.1% | 29,545€ | 21.7% | 1 | 5,671€ |
| 826 | Buk Building03381579 · Podgorica | <0.1% | 135,971€ | -16.5% | 17,023€ | 12.5% | 3 | 1,040€ |
| 827 | Paten Studio03261468 · Podgorica | <0.1% | 135,846€ | +118.2% | 3,052€ | 2.2% | 3 | 2,129€ |
| 828 | Agro+solution03412032 · Ulcinj | <0.1% | 135,794€ | +11,708.2% | -38,661€ | -28.5% | 2 | 862€ |
| 829 | Consult Agro03431215 · Podgorica | <0.1% | 135,717€ | -33.6% | 39,906€ | 29.4% | 1 | 920€ |
| 830 | Landsat03280292 · Nikšić | <0.1% | 135,636€ | +153.0% | 76,066€ | 56.1% | 2 | 1,192€ |
| 831 | Ecoalga03560163 · Pljevlja | <0.1% | 135,017€ | +20.2% | 36,069€ | 26.7% | 2 | 699€ |
| 832 | Muhldorfer Digital03726754 · Podgorica | <0.1% | 135,000€ | No filing for 2024. | 6,949€ | 5.1% | 3 | 3,241€ |
| 833 | Triopro02934604 · Ulcinj | <0.1% | 134,426€ | +20.1% | 11,261€ | 8.4% | 5 | 577€ |
| 834 | Geosurvey03737071 · Podgorica | <0.1% | 134,413€ | No filing for 2024. | 69,602€ | 51.8% | 3 | 871€ |
| 835 | Global Airport Montenegro03346935 · Budva | <0.1% | 134,413€ | -35.3% | 58,591€ | 43.6% | 1 | 675€ |
| 836 | Studio Fa03604411 · Podgorica | <0.1% | 134,254€ | -28.0% | 1,364€ | 1.0% | 4 | 1,430€ |
| 837 | Omega02305658 · Podgorica | <0.1% | 133,919€ | +9.2% | 60,783€ | 45.4% | 3 | 1,392€ |
| 838 | Apollo & Rocky03256022 · Podgorica | <0.1% | 133,371€ | -6.7% | -2,382€ | -1.8% | 5 | 1,436€ |
| 839 | 3Z Inženjering03171736 · Podgorica | <0.1% | 133,130€ | +27.4% | 20,864€ | 15.7% | 3 | 1,030€ |
| 840 | Finlegis03403050 · Podgorica | <0.1% | 133,108€ | +12.7% | 15,623€ | 11.7% | 3 | 1,159€ |
| 841 | Štit02785072 · Podgorica | <0.1% | 133,073€ | -50.3% | -5,466€ | -4.1% | 2 | 707€ |
| 842 | Massiv. Architecture and Design03263401 · Podgorica | <0.1% | 132,903€ | +69.7% | 1,818€ | 1.4% | 3 | 975€ |
| 843 | Goodwill Merchants03331733 · Kotor | <0.1% | 131,869€ | -59.7% | 10,198€ | 7.7% | 2 | 3,199€ |
| 844 | Eco Solar System03076385 · Danilovgrad | <0.1% | 131,035€ | -14.6% | 57,972€ | 44.2% | 1 | 338€ |
| 845 | Dipuzzle03347494 · Podgorica | <0.1% | 130,865€ | +62.5% | 8,823€ | 6.7% | 4 | 1,629€ |
| 846 | Local and Regional Funds Advisory03596877 · Podgorica | <0.1% | 130,546€ | -50.7% | 1,699€ | 1.3% | 1 | 1,608€ |
| 847 | Arhi Studio Dizajn02834731 · Budva | <0.1% | 130,501€ | -5.5% | 9,005€ | 6.9% | 3 | 977€ |
| 848 | Intelmonte02647192 · Podgorica | <0.1% | 130,474€ | +1,861.1% | 6,033€ | 4.6% | 2 | 469€ |
| 849 | Ralex RRB02243148 · Podgorica | <0.1% | 130,166€ | +1.1% | 3,044€ | 2.3% | 4 | 1,530€ |
| 850 | Certitudo03321193 · Podgorica | <0.1% | 129,835€ | +28.0% | 8,450€ | 6.5% | 2 | 3,573€ |