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 1001–1050 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* |
|---|
| 1001 | Lightseed Technologies03603946 · Herceg Novi | <0.1% | 103,320€ | +4.3% | 56,641€ | 54.8% | 1 | 2,781€ |
| 1002 | Mep Design03384098 · Podgorica | <0.1% | 103,307€ | +117.7% | 33,769€ | 32.7% | 1 | 3,366€ |
| 1003 | Ab Development03254160 · Podgorica | <0.1% | 103,199€ | +20.4% | 8,548€ | 8.3% | 1 | 1,680€ |
| 1004 | Agens02434903 · Podgorica | <0.1% | 102,871€ | +9.1% | 8,102€ | 7.9% | 7 | 950€ |
| 1005 | MM Projekt02735750 · Podgorica | <0.1% | 102,795€ | +531.1% | 7,331€ | 7.1% | 3 | 1,109€ |
| 1006 | Elamo Montenegro03546993 · Budva | <0.1% | 102,642€ | -25.7% | 5,877€ | 5.7% | 3 | 1,288€ |
| 1007 | Dalma Commpany02311615 · Podgorica | <0.1% | 102,400€ | +348.9% | 49,657€ | 48.5% | 3 | 676€ |
| 1008 | Spektrum Analitika03766942 · Podgorica | <0.1% | 102,289€ | No filing for 2024. | 8,649€ | 8.5% | 1 | 5,953€ |
| 1009 | RTM Co02724910 · Bar | <0.1% | 101,731€ | +14.9% | 1,783€ | 1.8% | 7 | 878€ |
| 1010 | Canis02426498 · Bar | <0.1% | 101,494€ | +10.5% | 7,152€ | 7.0% | 3 | 913€ |
| 1011 | Gimel Kaf03607950 · Bar | <0.1% | 101,088€ | +3,943.5% | 73,105€ | 72.3% | 1 | 1,018€ |
| 1012 | Supernova Montenegro03406318 · Podgorica | <0.1% | 101,070€ | -73.6% | -25,573€ | -25.3% | 2 | 779€ |
| 1013 | Business K03078485 · Bijelo Polje | <0.1% | 100,456€ | +75.0% | 335€ | 0.3% | 4 | 849€ |
| 1014 | Build Interiors03521117 · Podgorica | <0.1% | 100,423€ | -50.8% | 2,717€ | 2.7% | 5 | 1,058€ |
| 1015 | Kat03241874 · Nikšić | <0.1% | 100,231€ | +39.3% | 510€ | 0.5% | 4 | 1,841€ |
| 1016 | Taraba03157709 · Podgorica | <0.1% | 100,197€ | +5.1% | -5,244€ | -5.2% | 4 | 1,525€ |
| 1017 | Marcca03186075 · Podgorica | <0.1% | 100,176€ | -21.4% | 1,315€ | 1.3% | 2 | 2,456€ |
| 1018 | Sulzer02192306 · Kotor | <0.1% | 100,122€ | -13.1% | 24,047€ | 24.0% | 7 | 394€ |
| 1019 | DMD Investments03740811 · Podgorica | <0.1% | 100,000€ | No filing for 2024. | 87,098€ | 87.1% | 1 | — |
| 1020 | Unispektrum03537064 · Podgorica | <0.1% | 100,000€ | +150.0% | 20,070€ | 20.1% | 6 | 980€ |
| 1021 | Inovul03583929 · Tuzi | <0.1% | 100,000€ | +185.7% | 79,501€ | 79.5% | 3 | 532€ |
| 1022 | Inter-Solar03636941 · Podgorica | <0.1% | 99,925€ | +94.9% | 19,856€ | 19.9% | 5 | 1,001€ |
| 1023 | Studio R.A.F.F.03279065 · Budva | <0.1% | 99,836€ | +80.4% | 9,748€ | 9.8% | 3 | 1,240€ |
| 1024 | Fin +02946181 · Podgorica | <0.1% | 99,421€ | -28.1% | -13,194€ | -13.3% | 3 | 870€ |
| 1025 | Grant Thornton03524841 · Podgorica | <0.1% | 99,246€ | +177.0% | -10,226€ | -10.3% | 2 | 3,171€ |
| 1026 | Baia International03632946 · Budva | <0.1% | 99,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 80,648€ | 81.5% | 1 | 687€ |
| 1027 | Concept Project03254887 · Podgorica | <0.1% | 99,000€ | +50.0% | -14,348€ | -14.5% | 5 | 1,207€ |
| 1028 | Amd Project 202203474798 · Budva | <0.1% | 98,722€ | +14.9% | 665€ | 0.7% | 1 | 675€ |
| 1029 | Urban Gradnja02779404 · Nikšić | <0.1% | 98,539€ | -81.2% | 22,324€ | 22.7% | 2 | 809€ |
| 1030 | Ibexmont02865726 · Herceg Novi | <0.1% | 98,336€ | -13.0% | 7,005€ | 7.1% | 1 | 5,310€ |
| 1031 | Studio 8403242820 · Podgorica | <0.1% | 98,188€ | +12.6% | 3,073€ | 3.1% | 3 | 1,533€ |
| 1032 | Terzić & Ulićević02913631 · Podgorica | <0.1% | 98,167€ | -18.2% | -7,605€ | -7.7% | 3 | 646€ |
| 1033 | Eurofast International03306607 · Podgorica | <0.1% | 97,640€ | -41.2% | 25,451€ | 26.1% | 3 | 1,542€ |
| 1034 | Dr.Vaso Đurović02400898 · Mojkovac | <0.1% | 97,587€ | +18.0% | 1,576€ | 1.6% | 4 | 805€ |
| 1035 | Fabricah03076326 · Podgorica | <0.1% | 97,484€ | +184.2% | 5,734€ | 5.9% | 2 | 1,640€ |
| 1036 | Frame Project02671832 · Podgorica | <0.1% | 97,409€ | +255.3% | 18,188€ | 18.7% | 3 | 1,551€ |
| 1037 | Obsidian Montenegro03695255 · Podgorica | <0.1% | 97,400€ | +595.7% | 7,212€ | 7.4% | 1 | 5,085€ |
| 1038 | Elmori03276040 · Podgorica | <0.1% | 97,108€ | -37.8% | 26,672€ | 27.5% | 1 | 2,870€ |
| 1039 | Arhinginženjering02066203 · Bijelo Polje | <0.1% | 96,773€ | -58.5% | 2,624€ | 2.7% | 7 | 956€ |
| 1040 | Novamax03416470 · Nikšić | <0.1% | 96,557€ | -20.0% | 10,115€ | 10.5% | 3 | 1,417€ |
| 1041 | Serfino Marketing03230759 · Budva | <0.1% | 96,298€ | +358.6% | 7,704€ | 8.0% | 11 | 631€ |
| 1042 | El Exito03251454 · Berane | <0.1% | 96,129€ | +161.4% | 2,540€ | 2.6% | 4 | 1,558€ |
| 1043 | Proinspect ++02687542 · Podgorica | <0.1% | 96,075€ | +3.8% | 32,797€ | 34.1% | 1 | 1,770€ |
| 1044 | Kosmika03513106 · Nikšić | <0.1% | 96,068€ | -20.6% | 7,194€ | 7.5% | 2 | 1,812€ |
| 1045 | Ubm Uluslararasi Birlesmis Musavirler Musavirlik Hizmetleri Anonim Sirketi03330788 · Podgorica | <0.1% | 96,032€ | -26.3% | 44,125€ | 45.9% | 1 | 678€ |
| 1046 | Marrian & Co03266494 · Herceg Novi | <0.1% | 95,951€ | -2.0% | 28,567€ | 29.8% | 3 | 1,408€ |
| 1047 | Si Finance03213846 · Podgorica | <0.1% | 95,798€ | +21.3% | 25,366€ | 26.5% | 8 | 541€ |
| 1048 | G Consulting03169294 · Podgorica | <0.1% | 95,753€ | +55.9% | 4,771€ | 5.0% | 6 | 768€ |
| 1049 | Serfino Consulting03147576 · Budva | <0.1% | 95,576€ | +12,044.3% | -7,213€ | -7.5% | 14 | 574€ |
| 1050 | Veterinarska Ambulanta Rožaje02414287 · Rožaje | <0.1% | 95,437€ | +8.2% | 6,217€ | 6.5% | 5 | 735€ |