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 201–250 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* |
|---|
| 201 | Abg Test02867788 · Podgorica | <0.1% | 725,647€ | +1.3% | 44,068€ | 6.1% | 17 | 1,594€ |
| 202 | Euroglobus02391783 · Podgorica | <0.1% | 722,684€ | +1.1% | 61,345€ | 8.5% | 4 | 2,179€ |
| 203 | Veterinum02256711 · Ulcinj | <0.1% | 722,198€ | -2.9% | 15,789€ | 2.2% | 16 | 734€ |
| 204 | Auto Humci03194248 · Cetinje | <0.1% | 718,935€ | +41.0% | 60,975€ | 8.5% | 6 | 749€ |
| 205 | Dolida & Co03225623 · Ulcinj | <0.1% | 715,469€ | +72.6% | 66,533€ | 9.3% | 3 | 1,418€ |
| 206 | Studio Grad02682605 · Podgorica | <0.1% | 712,904€ | +25.8% | 45,151€ | 6.3% | 8 | 3,486€ |
| 207 | Studio Printfox03112322 · Podgorica | <0.1% | 708,000€ | +44.2% | 52,615€ | 7.4% | 8 | 1,927€ |
| 208 | Grid Consultants03567885 · Nikšić | <0.1% | 696,322€ | +44.6% | 43,526€ | 6.3% | 4 | 3,071€ |
| 209 | <0.1% | 690,791€ | -3.1% | 3,486€ | 0.5% | 14 | 1,827€ | |
| 210 | Auto - Pass03046079 · Nikšić | <0.1% | 688,112€ | +13.5% | 37,364€ | 5.4% | 4 | 756€ |
| 211 | GLK Pharma03253082 · Podgorica | <0.1% | 687,622€ | +10.8% | 33,737€ | 4.9% | 5 | 3,897€ |
| 212 | Henley & Partners Montenegro03225941 · Podgorica | <0.1% | 682,345€ | -79.0% | -275,295€ | -40.3% | 6 | 6,381€ |
| 213 | Intesa Group02729644 · Bijelo Polje | <0.1% | 682,276€ | -20.5% | 101,505€ | 14.9% | 6 | 1,227€ |
| 214 | Naša Firma02687844 · Budva | <0.1% | 681,452€ | -3.8% | 194,335€ | 28.5% | 18 | 1,226€ |
| 215 | Geoprojekt02132346 · Podgorica | <0.1% | 679,023€ | -25.1% | 41,704€ | 6.1% | 10 | 1,599€ |
| 216 | In Exclusive02683750 · Pljevlja | <0.1% | 673,057€ | +43.0% | 49,680€ | 7.4% | 18 | 789€ |
| 217 | Mark Auto 4M02316315 · Podgorica | <0.1% | 670,396€ | +349.8% | 94,730€ | 14.1% | 5 | 1,686€ |
| 218 | Atlantix Group02923815 · Nikšić | <0.1% | 669,518€ | +59.5% | 10,847€ | 1.6% | 7 | 723€ |
| 219 | Fortvny03144003 · Podgorica | <0.1% | 668,233€ | -29.2% | 434,912€ | 65.1% | 1 | 7,057€ |
| 220 | MK Nova Invest03752801 · Podgorica | <0.1% | 667,940€ | No filing for 2024. | 95,529€ | 14.3% | 1 | — |
| 221 | Xelement03270408 · Podgorica | <0.1% | 667,129€ | -81.8% | -315,204€ | -47.2% | 1 | 375€ |
| 222 | Projectman03042618 · Podgorica | <0.1% | 659,715€ | +28.3% | 45,409€ | 6.9% | 12 | 1,079€ |
| 223 | GB Fashion & Co02990504 · Podgorica | <0.1% | 659,178€ | +14.0% | 157,186€ | 23.8% | 2 | 3,722€ |
| 224 | Racc02866285 · Bar | <0.1% | 658,248€ | +0.2% | 190,537€ | 28.9% | 16 | 1,394€ |
| 225 | Road - Rail Company02719932 · Podgorica | <0.1% | 656,800€ | +17.1% | 146,114€ | 22.2% | 6 | 2,018€ |
| 226 | Eventus03108112 · Nikšić | <0.1% | 656,142€ | +25.3% | 203,155€ | 31.0% | 8 | 672€ |
| 227 | Statika02907976 · Bar | <0.1% | 655,964€ | +782.7% | 62,966€ | 9.6% | 3 | 2,734€ |
| 228 | 2arh03477797 · Bar | <0.1% | 651,972€ | +363.3% | 165,316€ | 25.4% | 6 | 1,062€ |
| 229 | Sunset Vision03528081 · Podgorica | <0.1% | 645,496€ | +7.3% | 237,303€ | 36.8% | 13 | 504€ |
| 230 | Elcom Mne03541533 · Podgorica | <0.1% | 640,307€ | -52.4% | 74,384€ | 11.6% | 2 | 1,702€ |
| 231 | Centar za Demokratsku Tranziciju02316609 · Podgorica | <0.1% | 635,132€ | +10.0% | 0€ | 0.0% | 8 | 2,932€ |
| 232 | B-Ril Inženjering03627519 · Nikšić | <0.1% | 633,736€ | +245.6% | 161,054€ | 25.4% | 5 | 1,781€ |
| 233 | Modrone03421503 · Podgorica | <0.1% | 626,496€ | +550.4% | 62,252€ | 9.9% | 1 | 21,753€ |
| 234 | European Outsourcing Agency03064107 · Herceg Novi | <0.1% | 623,259€ | +32.4% | 113,963€ | 18.3% | 6 | 1,730€ |
| 235 | Azd Praha, S.R.O02461854 · Podgorica | <0.1% | 622,691€ | +85.2% | 177,401€ | 28.5% | 6 | 2,018€ |
| 236 | Ayder Overseas Investment & Advisory Cooperation03378802 · Podgorica | <0.1% | 622,393€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,070€ | 0.5% | 1 | 1,605€ |
| 237 | Jawel Crna Gora02643375 · Danilovgrad | <0.1% | 609,036€ | -30.1% | 36,678€ | 6.0% | 10 | 1,939€ |
| 238 | Medspot03676455 · Podgorica | <0.1% | 607,622€ | +577.8% | 78,021€ | 12.8% | 1 | 1,221€ |
| 239 | Auto Matrix03121569 · Nikšić | <0.1% | 607,536€ | +3.9% | 11,137€ | 1.8% | 9 | 661€ |
| 240 | Karanović02638401 · Podgorica | <0.1% | 601,126€ | +10.9% | -5,117€ | -0.9% | 5 | 1,146€ |
| 241 | B.T.I.02774640 · Budva | <0.1% | 599,361€ | +59.5% | 1,887€ | 0.3% | 3 | 1,511€ |
| 242 | Monting Company02622637 · Budva | <0.1% | 593,187€ | -24.6% | 21,831€ | 3.7% | 12 | 843€ |
| 243 | Bal Bay Europe03202500 · Budva | <0.1% | 591,472€ | +105.6% | 92,883€ | 15.7% | 2 | 554€ |
| 244 | Artemon02756307 · Podgorica | <0.1% | 579,788€ | -17.0% | 17,945€ | 3.1% | 10 | 898€ |
| 245 | Dijalog.Arhitektura.Urbanizam03345840 · Podgorica | <0.1% | 579,653€ | +45.9% | 215,278€ | 37.1% | 6 | 1,678€ |
| 246 | Ceed Consulting02291266 · Podgorica | <0.1% | 577,789€ | +382.3% | 350,283€ | 60.6% | 1 | 2,684€ |
| 247 | Ingenious Mne03342867 · Nikšić | <0.1% | 576,749€ | -77.5% | 16,221€ | 2.8% | 10 | 2,245€ |
| 248 | Auto Kuća Šćekić02457164 · Bar | <0.1% | 576,544€ | +22.2% | 24,378€ | 4.2% | 20 | 763€ |
| 249 | Decom Group02969653 · Podgorica | <0.1% | 576,308€ | -43.3% | 41,627€ | 7.2% | 0 | — |
| 250 | Bastico Investments Limited03306003 · Bar | <0.1% | 574,123€ | -6.2% | 39,571€ | 6.9% | 3 | 743€ |