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 1201–1250 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* |
|---|
| 1201 | Bilans Biro02901412 · Bijelo Polje | <0.1% | 76,695€ | -3.0% | 3,046€ | 4.0% | 6 | 857€ |
| 1202 | K.A. Branka02863278 · Herceg Novi | <0.1% | 76,680€ | +19.1% | 506€ | 0.7% | 4 | 1,138€ |
| 1203 | Verde Projekt02831465 · Podgorica | <0.1% | 76,663€ | +68.8% | 2,484€ | 3.2% | 1 | 1,637€ |
| 1204 | Monteonline02974754 · Tivat | <0.1% | 76,603€ | +110.6% | 14,813€ | 19.3% | 4 | 388€ |
| 1205 | Emergo Sport03667294 · Podgorica | <0.1% | 76,439€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,082€ | 5.3% | 0 | — |
| 1206 | Gia Montenegro03220214 · Podgorica | <0.1% | 76,361€ | -66.3% | -4,431€ | -5.8% | 1 | 1,150€ |
| 1207 | Kreativa Centar03119246 · Podgorica | <0.1% | 76,332€ | +8.3% | 26,748€ | 35.0% | 4 | 526€ |
| 1208 | W & S Finance02344289 · Kotor | <0.1% | 76,057€ | +34.0% | 8,847€ | 11.6% | 4 | 963€ |
| 1209 | Perunovic03171060 · Nikšić | <0.1% | 76,004€ | +6.4% | 17,410€ | 22.9% | 1 | 2,570€ |
| 1210 | Branca03607429 · Podgorica | <0.1% | 75,897€ | +848.7% | 16,936€ | 22.3% | 1 | 2,826€ |
| 1211 | Ingenium02413043 · Podgorica | <0.1% | 75,857€ | -15.1% | 1,492€ | 2.0% | 3 | 1,004€ |
| 1212 | Va Derma03647633 · Podgorica | <0.1% | 75,675€ | +152.3% | 23,602€ | 31.2% | 1 | 1,728€ |
| 1213 | Sistem Ćipranić03596494 · Nikšić | <0.1% | 75,666€ | +97.7% | 21,292€ | 28.1% | 3 | 1,251€ |
| 1214 | Acos02636255 · Rožaje | <0.1% | 75,639€ | +42.1% | 287€ | 0.4% | 6 | 797€ |
| 1215 | B.M.B. Company02321840 · Budva | <0.1% | 75,519€ | -3.5% | 7,843€ | 10.4% | 1 | 3,832€ |
| 1216 | DMD Consulting03109534 · Berane | <0.1% | 75,282€ | -30.6% | -36,676€ | -48.7% | 5 | 1,698€ |
| 1217 | Peter Jamieson Design03392139 · Berane | <0.1% | 75,197€ | +6.7% | 10,662€ | 14.2% | 1 | 1,278€ |
| 1218 | Lines02681366 · Podgorica | <0.1% | 75,099€ | -51.0% | -15,038€ | -20.0% | 4 | 1,109€ |
| 1219 | Qqriq03215008 · Podgorica | <0.1% | 75,085€ | +68.6% | -18,236€ | -24.3% | 3 | 1,393€ |
| 1220 | Boka Engineering Group03547442 · Herceg Novi | <0.1% | 75,062€ | -29.2% | -3,817€ | -5.1% | 2 | 801€ |
| 1221 | I - Model Projekt02880610 · Nikšić | <0.1% | 74,969€ | -35.0% | 2,144€ | 2.9% | 4 | 1,114€ |
| 1222 | Bihor Ing03293599 · Bijelo Polje | <0.1% | 74,880€ | +6.9% | 4,593€ | 6.1% | 3 | 505€ |
| 1223 | Farmavet02679302 · Pljevlja | <0.1% | 74,812€ | +21.5% | 9,034€ | 12.1% | 5 | 690€ |
| 1224 | Arhitektonski Studio Mv2a03106055 · Podgorica | <0.1% | 74,662€ | +85.2% | 19,535€ | 26.2% | 1 | 2,163€ |
| 1225 | Antares Consultant03373924 · Nikšić | <0.1% | 74,514€ | +34.3% | 27,772€ | 37.3% | 2 | 930€ |
| 1226 | A&A Solvent03287866 · Podgorica | <0.1% | 74,514€ | +28.3% | 716€ | 1.0% | 2 | 1,358€ |
| 1227 | Institut za Preduzetništvo i Ekonomski Razvoj02405148 · Podgorica | <0.1% | 74,474€ | -32.1% | 0€ | 0.0% | 1 | 3,653€ |
| 1228 | Axioma 803458695 · Herceg Novi | <0.1% | 74,472€ | +49.6% | 5,995€ | 8.1% | 1 | 1,195€ |
| 1229 | Studio More03464954 · Podgorica | <0.1% | 74,305€ | +87.2% | 6,710€ | 9.0% | 2 | 1,857€ |
| 1230 | Unija02221632 · Pljevlja | <0.1% | 73,814€ | +27.8% | 12,522€ | 17.0% | 3 | 472€ |
| 1231 | Collis Ca03227600 · Podgorica | <0.1% | 73,804€ | +1.5% | 35,618€ | 48.3% | 3 | 582€ |
| 1232 | Metro Group02927349 · Podgorica | <0.1% | 73,688€ | +35.3% | 1,468€ | 2.0% | 4 | 971€ |
| 1233 | Memento Me03050530 · Podgorica | <0.1% | 73,515€ | +11.6% | 1,399€ | 1.9% | 3 | 996€ |
| 1234 | Geo Spiin03762556 · Podgorica | <0.1% | 73,328€ | No filing for 2024. | 23,340€ | 31.8% | 0 | — |
| 1235 | Ristić - Medojević03355268 · Podgorica | <0.1% | 73,320€ | +41.1% | -2,580€ | -3.5% | 2 | 2,405€ |
| 1236 | Hidrofokus02739887 · Podgorica | <0.1% | 73,304€ | +199.9% | 9,734€ | 13.3% | 1 | 483€ |
| 1237 | Foresta02328992 · Podgorica | <0.1% | 73,269€ | +210.1% | 10,838€ | 14.8% | 3 | 705€ |
| 1238 | Franca Inženjering03293564 · Bijelo Polje | <0.1% | 73,223€ | +12.0% | 2,234€ | 3.1% | 3 | 1,094€ |
| 1239 | Foto Grbović03118614 · Podgorica | <0.1% | 73,054€ | +24.4% | 875€ | 1.2% | 4 | 556€ |
| 1240 | Kotor - Projekt02063123 · Kotor | <0.1% | 72,954€ | +31.8% | 2,006€ | 2.7% | 3 | 1,034€ |
| 1241 | Consis02778041 · Budva | <0.1% | 72,858€ | -27.8% | -7,899€ | -10.8% | 1 | 1,314€ |
| 1242 | Business Capital Partners03533077 · Berane | <0.1% | 72,663€ | +15.5% | 1,841€ | 2.5% | 4 | 1,404€ |
| 1243 | Red Consulting Mne03679624 · Berane | <0.1% | 72,650€ | +181.3% | -6,147€ | -8.5% | 4 | 1,176€ |
| 1244 | Rsa03072266 · Herceg Novi | <0.1% | 72,649€ | +210.2% | 207€ | 0.3% | 4 | 999€ |
| 1245 | Contoplus02455005 · Bijelo Polje | <0.1% | 72,622€ | +3.7% | 355€ | 0.5% | 6 | 810€ |
| 1246 | Network Consulting03682129 · Bijelo Polje | <0.1% | 72,500€ | +353.1% | 11,683€ | 16.1% | 2 | 2,304€ |
| 1247 | Helmsman Technology03397653 · Podgorica | <0.1% | 72,119€ | -19.5% | 1,537€ | 2.1% | 2 | 1,375€ |
| 1248 | Elettroengeneering02618800 · Tivat | <0.1% | 72,021€ | +375.7% | 14,761€ | 20.5% | 1 | 3,042€ |
| 1249 | Echo03390802 · Podgorica | <0.1% | 71,933€ | -27.1% | 979€ | 1.4% | 1 | 356€ |
| 1250 | Prisma02373394 · Podgorica | <0.1% | 71,875€ | -68.9% | -122,523€ | -170.5% | 2 | 1,655€ |