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 1301–1350 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* |
|---|
| 1301 | App Rockers03529304 · Podgorica | <0.1% | 67,420€ | -7.5% | 3,252€ | 4.8% | 2 | 2,473€ |
| 1302 | Market Consulting02754215 · Berane | <0.1% | 67,382€ | +33.7% | 3,305€ | 4.9% | 2 | 2,387€ |
| 1303 | Ik Finance02926440 · Bar | <0.1% | 67,297€ | +6.8% | 4,073€ | 6.1% | 3 | 1,306€ |
| 1304 | Account Services Genesis03387941 · Kotor | <0.1% | 67,296€ | +34.7% | 13,623€ | 20.2% | 2 | 1,414€ |
| 1305 | Solving Consult03341500 · Kotor | <0.1% | 67,276€ | -12.1% | 27,452€ | 40.8% | 3 | 775€ |
| 1306 | Elipsoid02752034 · Ulcinj | <0.1% | 67,230€ | +91.7% | 20,807€ | 30.9% | 2 | 816€ |
| 1307 | Link Creative Studio03077543 · Podgorica | <0.1% | 67,179€ | +10.0% | -3,248€ | -4.8% | 2 | 1,074€ |
| 1308 | DVG Projekat03429580 · Podgorica | <0.1% | 67,117€ | -4.1% | 6,215€ | 9.3% | 2 | 1,134€ |
| 1309 | Vatra Studio03725685 · Herceg Novi | <0.1% | 67,029€ | No filing for 2024. | 33,789€ | 50.4% | 2 | 835€ |
| 1310 | G - Reklam02736454 · Nikšić | <0.1% | 66,914€ | +35.7% | 6,095€ | 9.1% | 2 | 864€ |
| 1311 | Numen03657949 · Podgorica | <0.1% | 66,893€ | +466.2% | 11,317€ | 16.9% | 1 | 634€ |
| 1312 | Finance Plus Law03067246 · Podgorica | <0.1% | 66,757€ | -7.3% | 4,105€ | 6.1% | 2 | 573€ |
| 1313 | Studio Map03490033 · Podgorica | <0.1% | 66,743€ | +829.3% | 18,681€ | 28.0% | 2 | 1,405€ |
| 1314 | New Moment New Ideas Company02653699 · Podgorica | <0.1% | 66,624€ | -67.8% | -18,182€ | -27.3% | 2 | 2,059€ |
| 1315 | Account Plus02879921 · Budva | <0.1% | 66,334€ | +38.5% | 14,043€ | 21.2% | 2 | 1,108€ |
| 1316 | Hils Group03087441 · Budva | <0.1% | 66,259€ | +34.3% | 128€ | 0.2% | 1 | 1,806€ |
| 1317 | S-Power03529860 · Podgorica | <0.1% | 65,936€ | -68.8% | -66,592€ | -101.0% | 2 | 3,840€ |
| 1318 | Sami Inženjering02862808 · Podgorica | <0.1% | 65,895€ | -23.2% | 2,261€ | 3.4% | 1 | 2,839€ |
| 1319 | Kontonela02115654 · Budva | <0.1% | 65,830€ | -8.9% | 665€ | 1.0% | 2 | 1,684€ |
| 1320 | Bjelica MV03021386 · Podgorica | <0.1% | 65,555€ | +39.1% | 2,788€ | 4.3% | 2 | 1,346€ |
| 1321 | Arhinet02713608 · Budva | <0.1% | 65,473€ | +7.1% | 2,261€ | 3.5% | 2 | 886€ |
| 1322 | Naučna Ustanova Institut za Srpsku Kulturu Nikšić03078639 · Nikšić | <0.1% | 65,394€ | -24.5% | 0€ | 0.0% | 1 | 3,153€ |
| 1323 | Kabellux02636336 · Ulcinj | <0.1% | 65,372€ | +79.6% | -18,694€ | -28.6% | 4 | 747€ |
| 1324 | Ivastefan Consulting03097838 · Podgorica | <0.1% | 65,329€ | +25.5% | -38,258€ | -58.6% | 3 | 680€ |
| 1325 | Mahna Mahna02950456 · Podgorica | <0.1% | 65,189€ | -34.1% | -10,360€ | -15.9% | 2 | 1,282€ |
| 1326 | Elem & Elgo CG03685527 · Bijelo Polje | <0.1% | 65,150€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,137€ | 17.1% | 1 | 929€ |
| 1327 | Klasa03323013 · Budva | <0.1% | 65,013€ | -58.5% | -26,626€ | -41.0% | 7 | 670€ |
| 1328 | Black Mountain Investments02409674 · Tivat | <0.1% | 65,004€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -63,963€ | -98.4% | 1 | 506€ |
| 1329 | Adriatic It Hub03429954 · Podgorica | <0.1% | 64,968€ | -31.8% | 46,656€ | 71.8% | 1 | 678€ |
| 1330 | Jabafikus03634221 · Cetinje | <0.1% | 64,849€ | -28.8% | 4,933€ | 7.6% | 1 | 675€ |
| 1331 | Quality Research Business Service03437051 · Podgorica | <0.1% | 64,810€ | +485.5% | 39,268€ | 60.6% | 1 | 684€ |
| 1332 | Centar za Ekonomiju i Tehnologiju03781330 · Podgorica | <0.1% | 64,411€ | No filing for 2024. | 6,584€ | 10.2% | 2 | 719€ |
| 1333 | Che Design03424570 · Budva | <0.1% | 64,355€ | -5.1% | -13,085€ | -20.3% | 5 | 505€ |
| 1334 | M E F02687666 · Podgorica | <0.1% | 64,337€ | +12.0% | 4,425€ | 6.9% | 2 | 1,308€ |
| 1335 | Planplus02660369 · Podgorica | <0.1% | 64,185€ | +48.4% | 12,110€ | 18.9% | 2 | 1,486€ |
| 1336 | Trizor Bross02725118 · Šavnik | <0.1% | 64,104€ | +14.7% | 698€ | 1.1% | 3 | 842€ |
| 1337 | Action Partners International03212475 · Tivat | <0.1% | 64,099€ | -15.2% | 1,026€ | 1.6% | 1 | 1,054€ |
| 1338 | Studio M - Inženjering03307654 · Podgorica | <0.1% | 64,020€ | -55.4% | -10,036€ | -15.7% | 2 | 1,488€ |
| 1339 | Antalia Group03214052 · Bar | <0.1% | 64,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,209€ | 25.3% | 1 | 932€ |
| 1340 | V&V Expert03636011 · Podgorica | <0.1% | 63,800€ | +51.9% | 10,808€ | 16.9% | 1 | 3,002€ |
| 1341 | Ecom Plus02293013 · Ulcinj | <0.1% | 63,592€ | +4.1% | 4,398€ | 6.9% | 4 | 655€ |
| 1342 | Soltech Engineering03623181 · Podgorica | <0.1% | 63,546€ | +1,133.9% | -2,306€ | -3.6% | 1 | 2,508€ |
| 1343 | Protax Ekn03620832 · Bar | <0.1% | 63,433€ | +73.6% | 3,331€ | 5.3% | 4 | 950€ |
| 1344 | Montenegro Projekt02632187 · Podgorica | <0.1% | 63,308€ | -18.5% | -71,387€ | -112.8% | 6 | 1,765€ |
| 1345 | Voronoi202403628990 · Podgorica | <0.1% | 63,207€ | +32.3% | 40,821€ | 64.6% | 1 | 658€ |
| 1346 | @tic+02458322 · Podgorica | <0.1% | 63,054€ | -22.2% | 557€ | 0.9% | 3 | 1,283€ |
| 1347 | Manyterria03613461 · Podgorica | <0.1% | 62,652€ | +358.3% | 40,249€ | 64.2% | 1 | 1,262€ |
| 1348 | Reving03172511 · Podgorica | <0.1% | 62,558€ | -42.5% | 4,778€ | 7.6% | 2 | 1,763€ |
| 1349 | Đurović Inženjering03162214 · Herceg Novi | <0.1% | 62,445€ | +13.4% | 24,755€ | 39.6% | 1 | 1,401€ |
| 1350 | Lumier02150719 · Herceg Novi | <0.1% | 62,160€ | +3.2% | 15,317€ | 24.6% | 4 | 755€ |