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 1951–2000 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* |
|---|
| 1951 | Geotačka03565050 · Danilovgrad | <0.1% | 30,700€ | +182.9% | 17,935€ | 58.4% | 1 | 536€ |
| 1952 | Auto Moto Budva02913275 · Budva | <0.1% | 30,696€ | 0.0% | -8,991€ | -29.3% | 4 | 771€ |
| 1953 | Knjigo02403803 · Budva | <0.1% | 30,692€ | +10.5% | 2,176€ | 7.1% | 1 | 1,234€ |
| 1954 | Media Matters03643034 · Podgorica | <0.1% | 30,650€ | +166.5% | -1,764€ | -5.8% | 1 | 2,215€ |
| 1955 | Evoltera03747948 · Podgorica | <0.1% | 30,424€ | No filing for 2024. | 2,861€ | 9.4% | 1 | 1,798€ |
| 1956 | Lex Consulting03020177 · Herceg Novi | <0.1% | 30,422€ | -3.9% | -1€ | -0.0% | 2 | 1,265€ |
| 1957 | B&B Zvončica 202403709744 · Berane | <0.1% | 30,362€ | +279.5% | -18,478€ | -60.9% | 2 | 1,530€ |
| 1958 | Nova Riznica Balkan03628302 · Tivat | <0.1% | 30,348€ | +698.6% | 8,087€ | 26.6% | 1 | 925€ |
| 1959 | Respec703729958 · Podgorica | <0.1% | 30,318€ | No filing for 2024. | 1,026€ | 3.4% | 2 | 1,038€ |
| 1960 | Vercon02885891 · Podgorica | <0.1% | 30,315€ | -64.0% | -31,310€ | -103.3% | 3 | 1,134€ |
| 1961 | Termogas Invest02785781 · Bar | <0.1% | 30,242€ | -18.8% | 3,149€ | 10.4% | 2 | 755€ |
| 1962 | Projekt Elektro03056414 · Podgorica | <0.1% | 30,224€ | -32.6% | 3,351€ | 11.1% | 1 | 1,124€ |
| 1963 | Medloft Consultancy03184030 · Podgorica | <0.1% | 30,153€ | +2,641.2% | 12,034€ | 39.9% | 1 | 930€ |
| 1964 | Bauarh03038599 · Budva | <0.1% | 30,126€ | +443.6% | -13,481€ | -44.7% | 2 | 922€ |
| 1965 | Mojkrojac.Com Montenegro03172538 · Podgorica | <0.1% | 30,115€ | +13.6% | 75€ | 0.2% | 2 | 706€ |
| 1966 | Eurolink02420759 · Bar | <0.1% | 30,026€ | +2,642.1% | -40,716€ | -135.6% | 3 | 1,198€ |
| 1967 | Mountain Forest Investment03001202 · Podgorica | <0.1% | 30,019€ | -33.3% | -4,983€ | -16.6% | 1 | 1,760€ |
| 1968 | Univerzing03743039 · Bijelo Polje | <0.1% | 30,015€ | No filing for 2024. | 12,503€ | 41.7% | 0 | — |
| 1969 | A-Fact S.R.L. - Societa'di Ingegneria03773191 · Podgorica | <0.1% | 30,000€ | No filing for 2024. | 22,470€ | 74.9% | 1 | 406€ |
| 1970 | Mat Accounting03552233 · Cetinje | <0.1% | 30,000€ | +88.3% | 731€ | 2.4% | 3 | 592€ |
| 1971 | Consiglio03638219 · Budva | <0.1% | 29,996€ | +35.4% | -3,813€ | -12.7% | 2 | 1,204€ |
| 1972 | Dibs4203591379 · Nikšić | <0.1% | 29,981€ | +26.3% | 882€ | 2.9% | 1 | 2,123€ |
| 1973 | Arhimex03236811 · Rožaje | <0.1% | 29,980€ | +2.6% | -3,478€ | -11.6% | 3 | 803€ |
| 1974 | Studio Zi za02739674 · Danilovgrad | <0.1% | 29,976€ | -3.4% | -1,446€ | -4.8% | 2 | 752€ |
| 1975 | Racc Respekt03043592 · Bar | <0.1% | 29,971€ | +4.6% | 663€ | 2.2% | 2 | 1,142€ |
| 1976 | Office-M02910489 · Rožaje | <0.1% | 29,955€ | +1.2% | 1,121€ | 3.7% | 3 | 633€ |
| 1977 | Patrinus03453634 · Budva | <0.1% | 29,942€ | +4.2% | 868€ | 2.9% | 2 | 973€ |
| 1978 | Ban Consulting03511014 · Bar | <0.1% | 29,930€ | -0.1% | 1,201€ | 4.0% | 4 | 562€ |
| 1979 | Premjer02461935 · Herceg Novi | <0.1% | 29,923€ | +212.8% | 15,572€ | 52.0% | 2 | 506€ |
| 1980 | T&T Consulting03504654 · Zeta | <0.1% | 29,915€ | +5.2% | 119€ | 0.4% | 3 | 726€ |
| 1981 | Ekosphere Consulting03734285 · Ulcinj | <0.1% | 29,910€ | No filing for 2024. | 11,069€ | 37.0% | 2 | 465€ |
| 1982 | S.A. Accounting03286061 · Podgorica | <0.1% | 29,906€ | +1.1% | 1,517€ | 5.1% | 1 | 2,003€ |
| 1983 | Fin System03027988 · Podgorica | <0.1% | 29,902€ | +24.1% | 1,660€ | 5.6% | 2 | 483€ |
| 1984 | Veterinar-Toplica02797232 · Ulcinj | <0.1% | 29,902€ | -6.6% | -14,855€ | -49.7% | 2 | 827€ |
| 1985 | Bozanti Consulting03228371 · Tivat | <0.1% | 29,901€ | +26.2% | 4,832€ | 16.2% | 2 | 798€ |
| 1986 | Live Today03376168 · Herceg Novi | <0.1% | 29,900€ | +68.7% | 2,166€ | 7.2% | 3 | 600€ |
| 1987 | R9 Management03275213 · Podgorica | <0.1% | 29,900€ | +17.7% | 3,360€ | 11.2% | 2 | 988€ |
| 1988 | Ban Finance03204685 · Bar | <0.1% | 29,898€ | +0.3% | 512€ | 1.7% | 4 | 556€ |
| 1989 | Nimble Cloud03405389 · Herceg Novi | <0.1% | 29,895€ | +8.0% | -5,795€ | -19.4% | 2 | 643€ |
| 1990 | Max Profit03069010 · Budva | <0.1% | 29,890€ | -3.7% | 858€ | 2.9% | 3 | 685€ |
| 1991 | Coordinator03317889 · Podgorica | <0.1% | 29,836€ | -14.8% | -2,085€ | -7.0% | 4 | 470€ |
| 1992 | Bobas Group03099849 · Budva | <0.1% | 29,823€ | +1.9% | 867€ | 2.9% | 1 | 1,363€ |
| 1993 | Confido Project Management Group03529908 · Herceg Novi | <0.1% | 29,800€ | +116.2% | 15€ | 0.1% | 1 | 845€ |
| 1994 | Super Telo03652947 · Budva | <0.1% | 29,800€ | +396.7% | -794€ | -2.7% | 1 | 2,514€ |
| 1995 | Magic Accounting03246221 · Budva | <0.1% | 29,800€ | +9.5% | 12,023€ | 40.3% | 1 | 1,043€ |
| 1996 | Smart Management Montenegro03181944 · Tivat | <0.1% | 29,789€ | +22.7% | 6,265€ | 21.0% | 1 | 1,729€ |
| 1997 | Quimper03162770 · Bar | <0.1% | 29,783€ | +0.9% | 211€ | 0.7% | 2 | 736€ |
| 1998 | V.R. Renatus LLC03375781 · Budva | <0.1% | 29,780€ | -17.0% | -7,331€ | -24.6% | 1 | 464€ |
| 1999 | Inspirit Montenegro03226174 · Podgorica | <0.1% | 29,779€ | +27.1% | 8,192€ | 27.5% | 1 | 825€ |
| 2000 | Blek Studio03389227 · Podgorica | <0.1% | 29,746€ | +16.5% | 2,795€ | 9.4% | 1 | 1,909€ |