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 1851–1900 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* |
|---|
| 1851 | Terranova Capital03270475 · Kotor | <0.1% | 34,396€ | +8.8% | 14,281€ | 41.5% | 1 | 1,416€ |
| 1852 | RG Group02996057 · Podgorica | <0.1% | 34,390€ | +57.4% | -1,731€ | -5.0% | 1 | 1,380€ |
| 1853 | Cross Border Trade Consulting03448002 · Tivat | <0.1% | 34,340€ | +7.0% | -1,466€ | -4.3% | 1 | 963€ |
| 1854 | Creative Lab Studio Design03085953 · Budva | <0.1% | 34,337€ | -18.6% | 2,629€ | 7.7% | 2 | 1,015€ |
| 1855 | SG-Auto03075214 · Nikšić | <0.1% | 34,328€ | +10.4% | 6,557€ | 19.1% | 2 | 777€ |
| 1856 | Dream Team Consulting03081257 · Herceg Novi | <0.1% | 34,159€ | +27.4% | 18€ | 0.1% | 2 | 1,390€ |
| 1857 | Arhizeta03219992 · Tivat | <0.1% | 34,101€ | -1.1% | -16,205€ | -47.5% | 2 | 1,149€ |
| 1858 | Ort02082764 · Podgorica | <0.1% | 34,060€ | +26.2% | 405€ | 1.2% | 1 | 558€ |
| 1859 | A 2102709031 · Podgorica | <0.1% | 34,000€ | +12.2% | 526€ | 1.5% | 1 | 1,914€ |
| 1860 | Lans WGH03746526 · Tivat | <0.1% | 33,998€ | No filing for 2024. | 7,445€ | 21.9% | 1 | 1,416€ |
| 1861 | Iwa Consalt03058344 · Bar | <0.1% | 33,980€ | -55.7% | -24,975€ | -73.5% | 5 | 776€ |
| 1862 | Elmina03223345 · Budva | <0.1% | 33,976€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,752€ | 46.4% | 1 | 1,252€ |
| 1863 | NN Design Group03570797 · Podgorica | <0.1% | 33,950€ | +38.7% | 316€ | 0.9% | 3 | 722€ |
| 1864 | Tsystems Mne03350444 · Podgorica | <0.1% | 33,942€ | +9.2% | 74€ | 0.2% | 1 | 853€ |
| 1865 | Dekan Global03706591 · Podgorica | <0.1% | 33,932€ | +804.9% | 477€ | 1.4% | 2 | 922€ |
| 1866 | Eco-Build03121801 · Budva | <0.1% | 33,887€ | -37.8% | -388€ | -1.1% | 2 | 393€ |
| 1867 | Putin02751569 · Pljevlja | <0.1% | 33,865€ | -49.4% | -6,527€ | -19.3% | 3 | 660€ |
| 1868 | Profil ING.02683865 · Bar | <0.1% | 33,848€ | -44.6% | -18,795€ | -55.5% | 2 | 1,291€ |
| 1869 | Euro Plus Montenegro03293882 · Herceg Novi | <0.1% | 33,818€ | +88.2% | 452€ | 1.3% | 4 | 597€ |
| 1870 | RB Art HN03538117 · Herceg Novi | <0.1% | 33,755€ | +309.6% | -11,744€ | -34.8% | 4 | 706€ |
| 1871 | Mne Translate03521486 · Podgorica | <0.1% | 33,693€ | +13.0% | 11,482€ | 34.1% | 1 | 1,103€ |
| 1872 | Kristal Accounting03516636 · Bar | <0.1% | 33,629€ | +13.8% | 227€ | 0.7% | 3 | 737€ |
| 1873 | <0.1% | 33,556€ | +115.5% | 0€ | 0.0% | 0 | — | |
| 1874 | Mareko03727360 · Podgorica | <0.1% | 33,530€ | No filing for 2024. | 1,092€ | 3.3% | 1 | 2,495€ |
| 1875 | Pro Arch02902656 · Ulcinj | <0.1% | 33,514€ | +70.6% | 6,962€ | 20.8% | 2 | 922€ |
| 1876 | Oxiom03670252 · Podgorica | <0.1% | 33,480€ | -22.7% | 3,596€ | 10.7% | 2 | 505€ |
| 1877 | Dorsch Impact GMBH03341267 · Podgorica | <0.1% | 33,434€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,646€ | 55.8% | 1 | 499€ |
| 1878 | Bedrock03086542 · Podgorica | <0.1% | 33,366€ | +28.9% | 522€ | 1.6% | 1 | 2,537€ |
| 1879 | Pure Energy03755002 · Podgorica | <0.1% | 33,324€ | No filing for 2024. | 12,498€ | 37.5% | 1 | 1,036€ |
| 1880 | Clafraing03736920 · Tivat | <0.1% | 33,295€ | No filing for 2024. | 5,063€ | 15.2% | 1 | 1,942€ |
| 1881 | Osam Marketing03412342 · Herceg Novi | <0.1% | 33,232€ | +10.1% | 9,569€ | 28.8% | 2 | 612€ |
| 1882 | Advantage02454394 · Bar | <0.1% | 33,184€ | -7.1% | 4,413€ | 13.3% | 1 | 1,465€ |
| 1883 | Až-Konto03596125 · Nikšić | <0.1% | 33,174€ | +54.7% | 1,752€ | 5.3% | 3 | 714€ |
| 1884 | Mima Agencija02697653 · Podgorica | <0.1% | 33,159€ | +54.8% | 900€ | 2.7% | 2 | 956€ |
| 1885 | Foto Bruno02842432 · Ulcinj | <0.1% | 33,142€ | -13.0% | -3,707€ | -11.2% | 2 | 751€ |
| 1886 | Duosm03113159 · Budva | <0.1% | 33,100€ | -10.6% | 950€ | 2.9% | 3 | 552€ |
| 1887 | Digimind Solutions03690911 · Podgorica | <0.1% | 32,983€ | +233.9% | -3,894€ | -11.8% | 1 | 1,740€ |
| 1888 | Zoning02742578 · Herceg Novi | <0.1% | 32,956€ | +16.4% | -20,648€ | -62.7% | 3 | 899€ |
| 1889 | Adria Marketing & Media03329950 · Podgorica | <0.1% | 32,933€ | -3.7% | 3,754€ | 11.4% | 1 | — |
| 1890 | Kotov Consult02668939 · Herceg Novi | <0.1% | 32,930€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -55,528€ | -168.6% | 1 | 678€ |
| 1891 | Experta-Knjigovodstvo i Konsalting03385493 · Podgorica | <0.1% | 32,926€ | -10.0% | 709€ | 2.2% | 2 | 905€ |
| 1892 | Arh Design03049612 · Herceg Novi | <0.1% | 32,922€ | +301.1% | 2,762€ | 8.4% | 2 | 926€ |
| 1893 | Profive03678024 · Podgorica | <0.1% | 32,845€ | +189.8% | 1,046€ | 3.2% | 3 | 714€ |
| 1894 | ND-Kont02910802 · Bar | <0.1% | 32,843€ | +7.9% | 5,934€ | 18.1% | 2 | 988€ |
| 1895 | Partner Development03408469 · Podgorica | <0.1% | 32,833€ | +12.3% | 1,225€ | 3.7% | 1 | 2,573€ |
| 1896 | Soba +02858134 · Budva | <0.1% | 32,797€ | +62.0% | -13,014€ | -39.7% | 2 | 1,142€ |
| 1897 | Maacpharm03687449 · Podgorica | <0.1% | 32,759€ | +992.0% | 1,588€ | 4.8% | 1 | 926€ |
| 1898 | Verba03470920 · Podgorica | <0.1% | 32,749€ | +11.0% | 423€ | 1.3% | 2 | 1,011€ |
| 1899 | Bel Conto02890330 · Nikšić | <0.1% | 32,716€ | +31.5% | 10,935€ | 33.4% | 2 | 725€ |
| 1900 | 26 Avgust03285260 · Danilovgrad | <0.1% | 32,670€ | +64.8% | -3,075€ | -9.4% | 3 | 744€ |