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 2101–2150 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* |
|---|
| 2101 | Eos Fin03209792 · Herceg Novi | <0.1% | 27,791€ | +28.3% | 3,160€ | 11.4% | 4 | 455€ |
| 2102 | Be Nice03619028 · Tivat | <0.1% | 27,680€ | +115.9% | -1,062€ | -3.8% | 1 | 1,002€ |
| 2103 | Civic03475816 · Podgorica | <0.1% | 27,659€ | -34.0% | 29€ | 0.1% | 1 | 915€ |
| 2104 | Idfaktor03044904 · Podgorica | <0.1% | 27,613€ | +5.6% | -1,218€ | -4.4% | 1 | 1,036€ |
| 2105 | Maxpol Group03516474 · Budva | <0.1% | 27,600€ | -41.5% | 2,122€ | 7.7% | 1 | 1,012€ |
| 2106 | M.A.S. Code02716593 · Podgorica | <0.1% | 27,590€ | +61.6% | 3,020€ | 10.9% | 1 | 1,213€ |
| 2107 | Libra 0803041590 · Podgorica | <0.1% | 27,582€ | +14.7% | 2,828€ | 10.3% | 1 | 942€ |
| 2108 | PH Agencija02414686 · Podgorica | <0.1% | 27,557€ | -33.1% | -20,576€ | -74.7% | 2 | 1,379€ |
| 2109 | Acc Support03493423 · Herceg Novi | <0.1% | 27,503€ | -0.3% | -20,903€ | -76.0% | 5 | 693€ |
| 2110 | Polytech03557910 · Podgorica | <0.1% | 27,500€ | +17.6% | -16,914€ | -61.5% | 1 | 1,931€ |
| 2111 | Accounting Services03407063 · Podgorica | <0.1% | 27,489€ | +1.6% | 7,232€ | 26.3% | 2 | 793€ |
| 2112 | Maximusus03440753 · Herceg Novi | <0.1% | 27,471€ | -19.2% | 8,911€ | 32.4% | 1 | 1,282€ |
| 2113 | Vu-Ti Inženjering02322137 · Bar | <0.1% | 27,444€ | -38.3% | -33,732€ | -122.9% | 5 | 772€ |
| 2114 | Val BD03043762 · Budva | <0.1% | 27,418€ | +14.3% | 1,782€ | 6.5% | 3 | 469€ |
| 2115 | Holistic Health Montenegro03402924 · Bar | <0.1% | 27,395€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,411€ | 59.9% | 1 | 704€ |
| 2116 | Cefil02720060 · Herceg Novi | <0.1% | 27,380€ | -1.5% | 1,419€ | 5.2% | 2 | 823€ |
| 2117 | Archisoft02762803 · Bar | <0.1% | 27,376€ | -58.9% | -11,661€ | -42.6% | 3 | 941€ |
| 2118 | Content Factory03732606 · Bijelo Polje | <0.1% | 27,373€ | No filing for 2024. | 1,937€ | 7.1% | 1 | 1,039€ |
| 2119 | Beton-Estetik03597997 · Herceg Novi | <0.1% | 27,372€ | +73.4% | 6,959€ | 25.4% | 1 | 1,383€ |
| 2120 | Uni Experts03603938 · Herceg Novi | <0.1% | 27,340€ | +72.8% | 1,991€ | 7.3% | 1 | 1,520€ |
| 2121 | Nine Media03713105 · Herceg Novi | <0.1% | 27,229€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,704€ | 17.3% | 2 | 828€ |
| 2122 | Zirex - Revizor02786303 · Kotor | <0.1% | 27,203€ | -11.1% | -6,285€ | -23.1% | 2 | 670€ |
| 2123 | Gambit-Mont03630242 · Nikšić | <0.1% | 27,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,778€ | 24.9% | 1 | 1,455€ |
| 2124 | Led Bilboard03556034 · Herceg Novi | <0.1% | 27,200€ | +97.4% | -9,225€ | -33.9% | 1 | 1,293€ |
| 2125 | Omega Consulting03582418 · Podgorica | <0.1% | 27,150€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,571€ | 50.0% | 1 | 956€ |
| 2126 | Profit Company03386643 · Berane | <0.1% | 27,068€ | +25.8% | -1,364€ | -5.0% | 1 | 2,051€ |
| 2127 | Bomificon Technology03757145 · Nikšić | <0.1% | 27,050€ | No filing for 2024. | -957€ | -3.5% | 0 | — |
| 2128 | Open Media03476669 · Podgorica | <0.1% | 27,045€ | +20.1% | 1,298€ | 4.8% | 1 | 1,132€ |
| 2129 | Veterinarska Ambulanta Bar02414171 · Bar | <0.1% | 27,007€ | +30.9% | 2,498€ | 9.2% | 1 | 1,616€ |
| 2130 | Gaia Technologies03391710 · Podgorica | <0.1% | 26,987€ | -18.8% | 12,219€ | 45.3% | 1 | 926€ |
| 2131 | Re Finance03709868 · Ulcinj | <0.1% | 26,979€ | +4,396.5% | 4,937€ | 18.3% | 1 | 1,365€ |
| 2132 | G - Consult02945916 · Herceg Novi | <0.1% | 26,975€ | -12.9% | 3,163€ | 11.7% | 1 | 809€ |
| 2133 | Ag Konstrukcije02797909 · Plav | <0.1% | 26,904€ | -8.1% | 4,157€ | 15.5% | 1 | 1,505€ |
| 2134 | Momentum Marketing i Komunikacije03699595 · Podgorica | <0.1% | 26,895€ | +220.9% | -358€ | -1.3% | 1 | 1,820€ |
| 2135 | Euro Projekat03718654 · Bijelo Polje | <0.1% | 26,882€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,955€ | 14.7% | 1 | 1,886€ |
| 2136 | Eos Me03008509 · Herceg Novi | <0.1% | 26,876€ | +2.9% | -76€ | -0.3% | 4 | 444€ |
| 2137 | Cipsir03217566 · Bar | <0.1% | 26,868€ | -53.4% | -10,750€ | -40.0% | 2 | 929€ |
| 2138 | Euroconsult03121321 · Podgorica | <0.1% | 26,855€ | +2.1% | -21,515€ | -80.1% | 2 | 1,412€ |
| 2139 | Sterno03416364 · Kotor | <0.1% | 26,820€ | +25.2% | 1,052€ | 3.9% | 2 | 962€ |
| 2140 | Soveđo03079481 · Nikšić | <0.1% | 26,790€ | +16.2% | 99€ | 0.4% | 3 | 544€ |
| 2141 | Accounting Support03531759 · Podgorica | <0.1% | 26,757€ | -25.9% | 3,205€ | 12.0% | 1 | 1,896€ |
| 2142 | Urbi Montenegro02686082 · Podgorica | <0.1% | 26,744€ | +57.5% | -342€ | -1.3% | 1 | 548€ |
| 2143 | HR Factor03401324 · Podgorica | <0.1% | 26,743€ | -8.2% | -4,135€ | -15.5% | 2 | 713€ |
| 2144 | Olica Mne03262430 · Bar | <0.1% | 26,725€ | +14.5% | -682€ | -2.6% | 2 | 619€ |
| 2145 | Sjever.Me03392074 · Bijelo Polje | <0.1% | 26,684€ | -23.5% | -8,390€ | -31.4% | 3 | 301€ |
| 2146 | Perfect Accounting03481425 · Podgorica | <0.1% | 26,662€ | -4.0% | -16,952€ | -63.6% | 4 | 686€ |
| 2147 | Ha & Ba Konto02383969 · Ulcinj | <0.1% | 26,662€ | -4.6% | 436€ | 1.6% | 1 | 855€ |
| 2148 | Phrase.Me03173224 · Budva | <0.1% | 26,650€ | +10.9% | 1,367€ | 5.1% | 2 | 1,009€ |
| 2149 | Vib Solutions03622819 · Tivat | <0.1% | 26,650€ | +30.6% | 2,049€ | 7.7% | 1 | 1,762€ |
| 2150 | R&T Company03396843 · Podgorica | <0.1% | 26,582€ | +2.1% | -850€ | -3.2% | 1 | 466€ |