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 1501–1550 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* |
|---|
| 1501 | Trustkeeper03291553 · Podgorica | <0.1% | 52,807€ | +4.3% | 13,097€ | 24.8% | 2 | 606€ |
| 1502 | Emona As02681099 · Podgorica | <0.1% | 52,800€ | -2.0% | 3,621€ | 6.9% | 0 | — |
| 1503 | Monte - Bel03361349 · Ulcinj | <0.1% | 52,769€ | +46.6% | 14,772€ | 28.0% | 1 | 705€ |
| 1504 | Providens03411800 · Podgorica | <0.1% | 52,739€ | +3.0% | -36,104€ | -68.5% | 1 | 3,854€ |
| 1505 | Route Project03726061 · Podgorica | <0.1% | 52,660€ | No filing for 2024. | 5,281€ | 10.0% | 2 | 819€ |
| 1506 | Agencija za Održivi Razvoj Azor Consulting03633098 · Podgorica | <0.1% | 52,650€ | +88.4% | 5,344€ | 10.2% | 2 | 1,130€ |
| 1507 | Smaps03247503 | <0.1% | 52,574€ | +151.9% | 8,823€ | 16.8% | 1 | 901€ |
| 1508 | Scotch Whisky Investments Montenegro03667227 · Podgorica | <0.1% | 52,538€ | +61.6% | 12,608€ | 24.0% | 2 | 747€ |
| 1509 | Tulpan03523799 · Budva | <0.1% | 52,524€ | +501.9% | 13,998€ | 26.7% | 3 | 573€ |
| 1510 | Geo Vujisić03203719 · Podgorica | <0.1% | 52,488€ | +28.4% | 5,522€ | 10.5% | 2 | 840€ |
| 1511 | Archipro03261271 · Berane | <0.1% | 52,470€ | -61.0% | -632€ | -1.2% | 1 | 4,143€ |
| 1512 | Global Advisors03080668 · Bar | <0.1% | 52,323€ | +4.6% | -3,277€ | -6.3% | 1 | 1,273€ |
| 1513 | Ae Studio02755190 · Podgorica | <0.1% | 52,248€ | +0.6% | 329€ | 0.6% | 2 | 864€ |
| 1514 | Media Expert03152383 · Bijelo Polje | <0.1% | 52,235€ | +53.1% | 17,590€ | 33.7% | 1 | 452€ |
| 1515 | Monteops03306941 · Podgorica | <0.1% | 52,165€ | +18.9% | 3,724€ | 7.1% | 3 | 984€ |
| 1516 | Accounting L&B03409686 · Podgorica | <0.1% | 51,990€ | +30.6% | 12,546€ | 24.1% | 2 | 1,142€ |
| 1517 | Sara-Boban03235262 · Podgorica | <0.1% | 51,936€ | +16.7% | 4,854€ | 9.3% | 4 | 812€ |
| 1518 | Ivi Marketing Company03042561 · Podgorica | <0.1% | 51,864€ | +40.3% | 18,048€ | 34.8% | 1 | 2,587€ |
| 1519 | Eos Group03637832 · Herceg Novi | <0.1% | 51,757€ | +65.5% | 1,134€ | 2.2% | 3 | 520€ |
| 1520 | Financebux03244407 · Bijelo Polje | <0.1% | 51,757€ | +13.0% | 5,607€ | 10.8% | 1 | 2,094€ |
| 1521 | Vatrogasno Društvo Ilireks02811774 · Podgorica | <0.1% | 51,716€ | -6.0% | 7,943€ | 15.4% | 2 | 449€ |
| 1522 | Direkta Consulting03619770 · Cetinje | <0.1% | 51,690€ | +136.0% | 20,840€ | 40.3% | 1 | 577€ |
| 1523 | T-Konto03279847 · Podgorica | <0.1% | 51,672€ | +157.9% | 1,657€ | 3.2% | 2 | 1,958€ |
| 1524 | Antilope Investments03623491 · Kotor | <0.1% | 51,606€ | +8.7% | -4,489€ | -8.7% | 1 | 929€ |
| 1525 | ZNZ Group02868709 · Budva | <0.1% | 51,360€ | +7.4% | 5,202€ | 10.1% | 2 | 1,087€ |
| 1526 | Movchan Information Management03442624 · Podgorica | <0.1% | 50,900€ | -37.5% | -3,436€ | -6.8% | 5 | 790€ |
| 1527 | Via Ing03125149 · Nikšić | <0.1% | 50,900€ | +158.8% | 22,464€ | 44.1% | 1 | 922€ |
| 1528 | The Global Elite03138631 · Podgorica | <0.1% | 50,885€ | -7.0% | -60,835€ | -119.6% | 2 | 704€ |
| 1529 | TK - Link02730855 · Podgorica | <0.1% | 50,861€ | -5.6% | 315€ | 0.6% | 1 | 1,793€ |
| 1530 | Aling Montenegro03390853 · Podgorica | <0.1% | 50,653€ | -9.2% | 21,088€ | 41.6% | 1 | 1,342€ |
| 1531 | Data Solutions03020215 · Herceg Novi | <0.1% | 50,566€ | +239.3% | 17,082€ | 33.8% | 1 | 1,115€ |
| 1532 | Bsmart Studio03186555 · Bijelo Polje | <0.1% | 50,536€ | +48.2% | 6,192€ | 12.3% | 1 | 1,126€ |
| 1533 | Veterinarska Ambulanta Žabljak02414015 · Žabljak | <0.1% | 50,522€ | -3.0% | -1,568€ | -3.1% | 3 | 700€ |
| 1534 | Wolf Engineering02865122 · Herceg Novi | <0.1% | 50,456€ | -93.1% | -6,488€ | -12.9% | 2 | 675€ |
| 1535 | Vadana02259281 · Podgorica | <0.1% | 50,403€ | +42.6% | 16,352€ | 32.4% | 3 | 568€ |
| 1536 | 3S-Obradović02307901 · Podgorica | <0.1% | 50,319€ | +17.3% | 689€ | 1.4% | 2 | 1,457€ |
| 1537 | Officina02783371 · Podgorica | <0.1% | 50,273€ | +2.6% | 415€ | 0.8% | 3 | 1,087€ |
| 1538 | Zoan03326357 · Tivat | <0.1% | 50,212€ | +85.5% | 17,144€ | 34.1% | 2 | 1,171€ |
| 1539 | Nikway03282481 · Podgorica | <0.1% | 50,206€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,596€ | 13.1% | 1 | 2,718€ |
| 1540 | Romb Art03245063 · Budva | <0.1% | 50,181€ | -4.1% | 14,617€ | 29.1% | 2 | 523€ |
| 1541 | Tripković & Raičević03125726 · Podgorica | <0.1% | 50,179€ | -33.5% | 4,814€ | 9.6% | 1 | 2,390€ |
| 1542 | Bilans 703118622 · Podgorica | <0.1% | 50,092€ | +31.3% | 1,488€ | 3.0% | 2 | 957€ |
| 1543 | Raspopović i Radulović03418537 · Podgorica | <0.1% | 50,043€ | +67.9% | -1,425€ | -2.8% | 3 | 949€ |
| 1544 | Commercial Consulting03385698 · Podgorica | <0.1% | 49,971€ | +17.0% | 2,562€ | 5.1% | 2 | 847€ |
| 1545 | Brinis03111423 · Podgorica | <0.1% | 49,935€ | -10.4% | 2,108€ | 4.2% | 1 | 1,424€ |
| 1546 | I.M.A.03217329 · Podgorica | <0.1% | 49,924€ | -2.5% | 11,994€ | 24.0% | 1 | 949€ |
| 1547 | Akyel Engineering Consulting Trading Company03632482 · Podgorica | <0.1% | 49,802€ | +71.7% | 36,751€ | 73.8% | 1 | 926€ |
| 1548 | Control Plus03459624 · Podgorica | <0.1% | 49,754€ | +36.8% | 2,973€ | 6.0% | 3 | 1,160€ |
| 1549 | Bernex03152936 · Bijelo Polje | <0.1% | 49,701€ | +140.1% | 11,752€ | 23.6% | 2 | 1,381€ |
| 1550 | Entasis02651491 · Podgorica | <0.1% | 49,693€ | +296.7% | 2,470€ | 5.0% | 1 | 3,457€ |