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 2001–2050 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* |
|---|
| 2001 | Studio LML03035948 · Podgorica | <0.1% | 29,733€ | +154.5% | 4,624€ | 15.6% | 1 | 628€ |
| 2002 | Skip03082130 · Bar | <0.1% | 29,710€ | +1.2% | 5,399€ | 18.2% | 1 | 1,571€ |
| 2003 | Latitude Consulting03327264 · Podgorica | <0.1% | 29,663€ | -38.2% | 402€ | 1.4% | 2 | 1,043€ |
| 2004 | MD Guaranty02944596 · Podgorica | <0.1% | 29,635€ | -25.0% | 1,694€ | 5.7% | 1 | 1,075€ |
| 2005 | VKLN Company03579271 · Podgorica | <0.1% | 29,617€ | +37.6% | 2,560€ | 8.6% | 2 | 1,056€ |
| 2006 | Lajm03014185 · Bar | <0.1% | 29,615€ | -0.5% | 1,277€ | 4.3% | 2 | 709€ |
| 2007 | Kidma03491200 · Herceg Novi | <0.1% | 29,608€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,887€ | 40.1% | 2 | 643€ |
| 2008 | Horizon Capital03586863 · Kotor | <0.1% | 29,606€ | +85.3% | -811€ | -2.7% | 2 | 1,006€ |
| 2009 | Professional Company02373475 · Podgorica | <0.1% | 29,598€ | +12.7% | 2,793€ | 9.4% | 2 | 689€ |
| 2010 | Klik Foto03563669 · Zeta | <0.1% | 29,580€ | +82.8% | 5,447€ | 18.4% | 1 | 678€ |
| 2011 | Accounting Montegroup03687309 · Podgorica | <0.1% | 29,575€ | +96.6% | 1,217€ | 4.1% | 2 | 1,029€ |
| 2012 | Polyglot Group02914409 · Nikšić | <0.1% | 29,555€ | -1.0% | 209€ | 0.7% | 2 | 808€ |
| 2013 | Account02695499 · Podgorica | <0.1% | 29,543€ | +21.7% | 4,019€ | 13.6% | 2 | 751€ |
| 2014 | Stojan03220257 · Nikšić | <0.1% | 29,540€ | +16.0% | 406€ | 1.4% | 3 | 633€ |
| 2015 | Biro Osnova03216802 · Podgorica | <0.1% | 29,532€ | +283.5% | 3,952€ | 13.4% | 1 | 678€ |
| 2016 | Project Development03637409 · Podgorica | <0.1% | 29,532€ | +150.2% | -6,010€ | -20.4% | 1 | 516€ |
| 2017 | Experts Montenegro03272346 · Budva | <0.1% | 29,526€ | +9.0% | 11,150€ | 37.8% | 2 | 450€ |
| 2018 | Engineering Service03503798 · Bar | <0.1% | 29,484€ | +0.9% | 19,119€ | 64.8% | 1 | 677€ |
| 2019 | Montinvest02180804 · Podgorica | <0.1% | 29,476€ | +229.7% | -12,981€ | -44.0% | 1 | 1,589€ |
| 2020 | Tim - Inženjering03042316 · Podgorica | <0.1% | 29,460€ | -30.6% | 451€ | 1.5% | 1 | 2,135€ |
| 2021 | Az Group03484033 · Tivat | <0.1% | 29,445€ | +0.5% | -2,119€ | -7.2% | 4 | 551€ |
| 2022 | Sat Accounting03455025 · Nikšić | <0.1% | 29,440€ | +21.3% | 7,117€ | 24.2% | 2 | 878€ |
| 2023 | Alians Montenegro Trade02750635 · Bar | <0.1% | 29,436€ | -9.4% | -7,222€ | -24.5% | 3 | 871€ |
| 2024 | Bilans Uspjeha03723747 · Zeta | <0.1% | 29,415€ | No filing for 2024. | -9,477€ | -32.2% | 0 | — |
| 2025 | Seta Montenegro03195759 · Podgorica | <0.1% | 29,405€ | -98.2% | -488,341€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2026 | Fins03359751 · Rožaje | <0.1% | 29,401€ | +36.7% | 1,778€ | 6.0% | 2 | 1,086€ |
| 2027 | M&R Business Solution03255433 · Budva | <0.1% | 29,386€ | +256.8% | -2,532€ | -8.6% | 5 | 308€ |
| 2028 | Introsinteza03657302 · Bar | <0.1% | 29,377€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,462€ | 52.6% | 1 | 925€ |
| 2029 | Loyal Corp03103366 · Podgorica | <0.1% | 29,363€ | +8.9% | 3,970€ | 13.5% | 1 | 1,306€ |
| 2030 | Out of Box Solutions03377920 · Zeta | <0.1% | 29,345€ | +12.3% | 3,227€ | 11.0% | 1 | 2,050€ |
| 2031 | Blockchain Solutions03207668 · Tivat | <0.1% | 29,310€ | -2.1% | -6,812€ | -23.2% | 4 | 461€ |
| 2032 | Feb Studio03472680 · Podgorica | <0.1% | 29,310€ | +8.4% | 0€ | 0.0% | 2 | 973€ |
| 2033 | Esatto Solutions03659666 · Podgorica | <0.1% | 29,308€ | +281.5% | 84€ | 0.3% | 1 | — |
| 2034 | Iptv Solutions03069907 · Podgorica | <0.1% | 29,280€ | -0.8% | -67€ | -0.2% | 1 | 2,203€ |
| 2035 | T- Bilans03683770 · Herceg Novi | <0.1% | 29,275€ | +275.9% | 638€ | 2.2% | 1 | 2,106€ |
| 2036 | Alister02786664 · Budva | <0.1% | 29,261€ | +1.5% | 1,667€ | 5.7% | 2 | 853€ |
| 2037 | Alemur03542882 · Herceg Novi | <0.1% | 29,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,074€ | 55.0% | 1 | 927€ |
| 2038 | Oz Consulting Company03602770 · Budva | <0.1% | 29,250€ | +215.2% | 710€ | 2.4% | 1 | 922€ |
| 2039 | Bor Biro03568270 · Podgorica | <0.1% | 29,249€ | +38.8% | 1,603€ | 5.5% | 2 | 983€ |
| 2040 | Kristal Consulting03599183 · Bar | <0.1% | 29,244€ | +35.4% | 15,192€ | 51.9% | 2 | 508€ |
| 2041 | Stevas Računovodstvo03425541 · Bar | <0.1% | 29,230€ | +63.8% | 219€ | 0.7% | 2 | 888€ |
| 2042 | DMS Partners03415635 · Danilovgrad | <0.1% | 29,180€ | +52.0% | 8,989€ | 30.8% | 1 | 1,136€ |
| 2043 | Adda Interiors03603539 · Budva | <0.1% | 29,171€ | -28.4% | -25,169€ | -86.3% | 1 | 2,748€ |
| 2044 | Alfa Global Consulting03379647 · Bar | <0.1% | 29,161€ | +224.4% | -2,441€ | -8.4% | 3 | 783€ |
| 2045 | Nika L&D03082482 · Nikšić | <0.1% | 29,135€ | +2.2% | 9,681€ | 33.2% | 1 | 1,494€ |
| 2046 | VG Ing03244121 · Budva | <0.1% | 29,135€ | +8.3% | -287€ | -1.0% | 2 | 1,064€ |
| 2047 | Gaap Center03341216 · Podgorica | <0.1% | 29,111€ | +35.9% | -2,524€ | -8.7% | 3 | 803€ |
| 2048 | Aidesign03665615 · Budva | <0.1% | 29,091€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,768€ | -47.3% | 1 | — |
| 2049 | Wazdan03592855 · Nikšić | <0.1% | 29,045€ | +78.0% | 1,850€ | 6.4% | 1 | 1,000€ |
| 2050 | Stater03336174 · Podgorica | <0.1% | 29,042€ | -2.8% | 842€ | 2.9% | 2 | 1,009€ |