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 1451–1500 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* |
|---|
| 1451 | Akova Invest Group03302890 · Bijelo Polje | <0.1% | 55,345€ | -19.3% | 384€ | 0.7% | 3 | 1,511€ |
| 1452 | Unibrand Montenegro02867184 · Kotor | <0.1% | 55,309€ | -3.1% | 13,334€ | 24.1% | 1 | 677€ |
| 1453 | Borcert03090035 · Podgorica | <0.1% | 55,300€ | -25.5% | 1,743€ | 3.2% | 1 | 504€ |
| 1454 | Spark Media03464458 · Podgorica | <0.1% | 55,248€ | +40.8% | 3,241€ | 5.9% | 1 | 1,488€ |
| 1455 | Dimitra02468395 · Tivat | <0.1% | 55,236€ | -2.6% | 7,731€ | 14.0% | 3 | 798€ |
| 1456 | Ras Company03011780 · Budva | <0.1% | 55,201€ | -5.6% | -8,181€ | -14.8% | 2 | 1,621€ |
| 1457 | Smarthink03540057 · Podgorica | <0.1% | 55,193€ | +312.9% | 11,080€ | 20.1% | 2 | 1,707€ |
| 1458 | Energy Capital03221598 · Podgorica | <0.1% | 55,172€ | -59.9% | 304€ | 0.6% | 1 | 776€ |
| 1459 | Success Ratio03762785 · Cetinje | <0.1% | 55,019€ | No filing for 2024. | 4,219€ | 7.7% | 1 | 2,209€ |
| 1460 | Agencija za Knjigovodstvo Alea02922355 · Kotor | <0.1% | 54,993€ | -22.0% | -7,185€ | -13.1% | 4 | 962€ |
| 1461 | Leo Estate03438490 · Budva | <0.1% | 54,987€ | -65.4% | 1,829€ | 3.3% | 2 | 402€ |
| 1462 | Bobarh03064573 · Podgorica | <0.1% | 54,986€ | +29.7% | 6,961€ | 12.7% | 1 | 810€ |
| 1463 | A.E. Halfmoon03168832 · Podgorica | <0.1% | 54,881€ | +51.3% | 14,498€ | 26.4% | 1 | 723€ |
| 1464 | Millennial Consulting03181715 · Nikšić | <0.1% | 54,809€ | -21.8% | -1,526€ | -2.8% | 2 | 912€ |
| 1465 | Italian Investment02695324 · Budva | <0.1% | 54,794€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 35,194€ | 64.2% | 1 | 677€ |
| 1466 | Activa-Impex02252872 · Nikšić | <0.1% | 54,792€ | +7.3% | 9,455€ | 17.3% | 4 | 732€ |
| 1467 | Geo - Build02630818 · Tivat | <0.1% | 54,778€ | +232.1% | 4,555€ | 8.3% | 3 | 1,147€ |
| 1468 | Epikurov VRT03650421 · Podgorica | <0.1% | 54,768€ | +208.2% | 6,206€ | 11.3% | 2 | 1,624€ |
| 1469 | Alnes Architects03297896 · Ulcinj | <0.1% | 54,738€ | -57.0% | 13,571€ | 24.8% | 1 | 985€ |
| 1470 | Lucid Architecture03006468 · Herceg Novi | <0.1% | 54,638€ | +95.4% | 3,706€ | 6.8% | 1 | 1,039€ |
| 1471 | Feel the Breeze03419576 · Tivat | <0.1% | 54,500€ | -38.7% | -6,391€ | -11.7% | 2 | 646€ |
| 1472 | Adviz03580814 · Podgorica | <0.1% | 54,439€ | +154.4% | 1,775€ | 3.3% | 4 | 888€ |
| 1473 | Brain Code03461181 · Podgorica | <0.1% | 54,413€ | +48.9% | 8,716€ | 16.0% | 1 | 1,941€ |
| 1474 | Manualis02422182 · Podgorica | <0.1% | 54,413€ | -0.1% | -1,364€ | -2.5% | 3 | 1,166€ |
| 1475 | Precision Company03011143 · Berane | <0.1% | 54,300€ | +25.0% | -1,871€ | -3.4% | 2 | 2,226€ |
| 1476 | Kreativa02785463 · Podgorica | <0.1% | 54,299€ | +326.7% | 618€ | 1.1% | 1 | 452€ |
| 1477 | Plumbing B&B03467465 · Herceg Novi | <0.1% | 54,222€ | -12.3% | 5,814€ | 10.7% | 2 | 1,506€ |
| 1478 | Birius02369966 · Herceg Novi | <0.1% | 54,221€ | +2.4% | 179€ | 0.3% | 4 | 779€ |
| 1479 | Golden Lion Services03255000 · Tivat | <0.1% | 54,188€ | +532.0% | 12,186€ | 22.5% | 1 | 1,434€ |
| 1480 | Rakočević Com02658143 · Podgorica | <0.1% | 54,099€ | -4.9% | 2,974€ | 5.5% | 2 | 1,359€ |
| 1481 | Buro Enterprise03474739 · Tivat | <0.1% | 53,891€ | +676.2% | 13,847€ | 25.7% | 1 | 2,160€ |
| 1482 | A Plus Construction03154297 · Podgorica | <0.1% | 53,875€ | +194.7% | 22,815€ | 42.3% | 1 | 1,629€ |
| 1483 | Profit Art03392660 · Tivat | <0.1% | 53,742€ | +342.5% | 14,399€ | 26.8% | 2 | 1,358€ |
| 1484 | Suya03582701 · Budva | <0.1% | 53,582€ | -59.5% | 11,900€ | 22.2% | 3 | 939€ |
| 1485 | Vilcom02953757 · Tivat | <0.1% | 53,422€ | -11.6% | 228€ | 0.4% | 2 | 1,591€ |
| 1486 | DMM Ing03699030 · Podgorica | <0.1% | 53,417€ | +968.3% | -659€ | -1.2% | 1 | 3,819€ |
| 1487 | E&A Consalting Management Solutions03652467 · Bijelo Polje | <0.1% | 53,410€ | -19.9% | 27,034€ | 50.6% | 1 | 2,030€ |
| 1488 | ZV Design02056305 · Podgorica | <0.1% | 53,401€ | -87.3% | -70,363€ | -131.8% | 2 | 659€ |
| 1489 | Lavian Inženjering02897849 · Tivat | <0.1% | 53,331€ | +6.6% | -2,263€ | -4.2% | 2 | 1,182€ |
| 1490 | Bona Fides Engineering03448363 · Bijelo Polje | <0.1% | 53,316€ | +26.3% | -11,244€ | -21.1% | 2 | 774€ |
| 1491 | Asya's03299414 · Bijelo Polje | <0.1% | 53,304€ | -1.5% | -9,927€ | -18.6% | 4 | 1,144€ |
| 1492 | Edea Plus03739104 · Rožaje | <0.1% | 53,270€ | No filing for 2024. | 17,717€ | 33.3% | 2 | 1,461€ |
| 1493 | Penef Inženjering02769093 · Podgorica | <0.1% | 53,212€ | +6.0% | 1,446€ | 2.7% | 3 | 1,018€ |
| 1494 | Milimetar03311988 · Podgorica | <0.1% | 53,145€ | +47.6% | 6,907€ | 13.0% | 1 | — |
| 1495 | Aluks Company03671836 · Podgorica | <0.1% | 53,078€ | +117.7% | 2,706€ | 5.1% | 1 | 1,630€ |
| 1496 | Its Engineering03786455 · Podgorica | <0.1% | 53,046€ | No filing for 2024. | 32,201€ | 60.7% | 0 | — |
| 1497 | Derin Expo Consulting03618463 · Budva | <0.1% | 53,000€ | -36.1% | 39,007€ | 73.6% | 1 | 678€ |
| 1498 | Virtum03738159 · Podgorica | <0.1% | 53,000€ | No filing for 2024. | 6,014€ | 11.3% | 3 | 1,234€ |
| 1499 | Level Pro03364747 · Bijelo Polje | <0.1% | 52,977€ | -1.5% | 757€ | 1.4% | 4 | 968€ |
| 1500 | Project Engineering Renaissance03365956 · Podgorica | <0.1% | 52,936€ | -41.5% | -13,733€ | -25.9% | 4 | 1,015€ |