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 2301–2350 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* |
|---|
| 2301 | Food Consult03632229 · Budva | <0.1% | 22,759€ | +29.6% | 2,195€ | 9.6% | 1 | 1,463€ |
| 2302 | Green Management03627764 · Podgorica | <0.1% | 22,700€ | +132.8% | -1,246€ | -5.5% | 1 | 1,697€ |
| 2303 | ZD Projekt03007758 · Podgorica | <0.1% | 22,669€ | +58.2% | 233€ | 1.0% | 1 | 922€ |
| 2304 | Law Firm Emet03480054 · Budva | <0.1% | 22,666€ | -87.7% | 4,947€ | 21.8% | 1 | 979€ |
| 2305 | Yuliya Photo03444520 · Bar | <0.1% | 22,660€ | +4.4% | 354€ | 1.6% | 3 | 602€ |
| 2306 | Portal02218623 · Podgorica | <0.1% | 22,656€ | -86.4% | -2,237€ | -9.9% | 1 | 415€ |
| 2307 | Eko Institut03605574 · Podgorica | <0.1% | 22,620€ | -43.5% | 11,845€ | 52.4% | 1 | 740€ |
| 2308 | Lifestyle Group03198430 · Podgorica | <0.1% | 22,601€ | -12.0% | 11,601€ | 51.3% | 1 | — |
| 2309 | More Concept03318869 · Herceg Novi | <0.1% | 22,600€ | -5.0% | -2,878€ | -12.7% | 2 | 1,050€ |
| 2310 | Agencija Anzas02416204 · Podgorica | <0.1% | 22,590€ | +92.7% | 5,503€ | 24.4% | 1 | 387€ |
| 2311 | Bilans Plus A&J03028887 · Ulcinj | <0.1% | 22,547€ | -12.3% | -785€ | -3.5% | 2 | 632€ |
| 2312 | Our Way03774791 · Podgorica | <0.1% | 22,520€ | No filing for 2024. | 12,754€ | 56.6% | 1 | 562€ |
| 2313 | Geo Expert02934094 · Podgorica | <0.1% | 22,519€ | -22.0% | -10,723€ | -47.6% | 2 | 781€ |
| 2314 | Nide Project03744035 · Tuzi | <0.1% | 22,508€ | No filing for 2024. | 6,228€ | 27.7% | 1 | 1,051€ |
| 2315 | Idea Force03541355 · Podgorica | <0.1% | 22,502€ | -16.7% | -752€ | -3.3% | 2 | 927€ |
| 2316 | Div Sinergija03727637 · Herceg Novi | <0.1% | 22,488€ | No filing for 2024. | 977€ | 4.3% | 1 | — |
| 2317 | Fino Renovation03652653 · Budva | <0.1% | 22,474€ | +1,108.3% | -2,867€ | -12.8% | 1 | 1,800€ |
| 2318 | Refresh Media03203590 · Podgorica | <0.1% | 22,468€ | -40.3% | -5,960€ | -26.5% | 2 | 1,100€ |
| 2319 | Sestertius03567478 · Tivat | <0.1% | 22,453€ | +18.5% | -1,421€ | -6.3% | 1 | 927€ |
| 2320 | Proračun03735575 · Berane | <0.1% | 22,378€ | No filing for 2024. | 2,152€ | 9.6% | 1 | 1,242€ |
| 2321 | Kodeks02859149 · Podgorica | <0.1% | 22,376€ | +62.4% | -4,204€ | -18.8% | 1 | 1,954€ |
| 2322 | M&D Agency03762831 · Tivat | <0.1% | 22,354€ | No filing for 2024. | 1,960€ | 8.8% | 2 | 701€ |
| 2323 | Certifikat02774305 · Podgorica | <0.1% | 22,309€ | -2.0% | 5,936€ | 26.6% | 1 | 1,147€ |
| 2324 | Angd03212467 · Podgorica | <0.1% | 22,279€ | +6.6% | -25,823€ | -115.9% | 3 | 620€ |
| 2325 | Mna Montenegro Audit Group03062937 · Podgorica | <0.1% | 22,264€ | -15.5% | -64€ | -0.3% | 1 | 320€ |
| 2326 | Stop Fire03088863 · Bar | <0.1% | 22,250€ | +32.9% | -343€ | -1.5% | 2 | 339€ |
| 2327 | In Focus03299376 · Podgorica | <0.1% | 22,240€ | +61.6% | 4,690€ | 21.1% | 1 | 675€ |
| 2328 | Tailbook03503585 · Budva | <0.1% | 22,232€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,314€ | 50.9% | 1 | 888€ |
| 2329 | Mindful Business Consulting03212661 · Budva | <0.1% | 22,228€ | -38.1% | -7,086€ | -31.9% | 1 | 928€ |
| 2330 | Leoni03080307 · Bar | <0.1% | 22,215€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,766€ | 7.9% | 1 | 480€ |
| 2331 | Smart Start03265749 · Podgorica | <0.1% | 22,206€ | -2.3% | -1,704€ | -7.7% | 1 | 989€ |
| 2332 | M&A Construction Company03648478 · Budva | <0.1% | 22,158€ | +604.8% | -7,444€ | -33.6% | 1 | 2,097€ |
| 2333 | Rationale03419916 · Danilovgrad | <0.1% | 22,147€ | -11.5% | 299€ | 1.4% | 1 | 1,652€ |
| 2334 | Genije02370387 · Podgorica | <0.1% | 22,120€ | +4.4% | -8,093€ | -36.6% | 1 | 1,754€ |
| 2335 | Monte Vimiya03546268 · Podgorica | <0.1% | 22,087€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,239€ | 50.9% | 1 | 677€ |
| 2336 | Gecko Dynamics03431347 · Herceg Novi | <0.1% | 22,061€ | -1.0% | 6,612€ | 30.0% | 1 | 972€ |
| 2337 | Vojinović i Smolović Juridikus03620271 · Podgorica | <0.1% | 22,044€ | +85.9% | -1,060€ | -4.8% | 2 | 604€ |
| 2338 | Itm Consulting03538656 · Podgorica | <0.1% | 22,000€ | +266.7% | 12,689€ | 57.7% | 1 | 619€ |
| 2339 | Global Biznis Centar03737055 · Budva | <0.1% | 21,980€ | No filing for 2024. | 1,002€ | 4.6% | 2 | — |
| 2340 | Agro Consulting03084124 · Podgorica | <0.1% | 21,955€ | -5.5% | 1,834€ | 8.4% | 1 | 637€ |
| 2341 | Skaj Digital03521281 · Herceg Novi | <0.1% | 21,915€ | +33.2% | 10,372€ | 47.3% | 1 | 725€ |
| 2342 | Joan03392309 · Tivat | <0.1% | 21,892€ | -19.8% | 885€ | 4.0% | 1 | — |
| 2343 | Boken03216586 · Herceg Novi | <0.1% | 21,885€ | +3.4% | -1,411€ | -6.4% | 2 | 678€ |
| 2344 | Montetrans02991675 · Podgorica | <0.1% | 21,870€ | -32.9% | 7,574€ | 34.6% | 1 | 493€ |
| 2345 | Sans-D03503704 · Herceg Novi | <0.1% | 21,795€ | +1.8% | 417€ | 1.9% | 2 | 833€ |
| 2346 | Solvent Consulting03653439 · Nikšić | <0.1% | 21,780€ | +85.2% | 758€ | 3.5% | 1 | 1,540€ |
| 2347 | Be Seen Agency03742458 · Podgorica | <0.1% | 21,777€ | No filing for 2024. | 2,778€ | 12.8% | 1 | 579€ |
| 2348 | Brand Company03581411 · Podgorica | <0.1% | 21,775€ | -36.7% | 1,604€ | 7.4% | 2 | 455€ |
| 2349 | Stroj Group03512657 · Kotor | <0.1% | 21,731€ | +24.0% | -8,169€ | -37.6% | 1 | 1,690€ |
| 2350 | Anabasis Media03528782 · Budva | <0.1% | 21,719€ | -20.0% | 9,756€ | 44.9% | 1 | 677€ |