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 3001–3050 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* |
|---|
| 3001 | Xtark Design03425789 · Herceg Novi | <0.1% | 9,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,023€ | -75.5% | 1 | 971€ |
| 3002 | DV - Konter02800586 · Bar | <0.1% | 9,295€ | -12.6% | -7,123€ | -76.6% | 2 | 675€ |
| 3003 | Blue Bird03439984 · Tivat | <0.1% | 9,290€ | +34.1% | 671€ | 7.2% | 1 | 675€ |
| 3004 | In 802705346 · Budva | <0.1% | 9,278€ | -26.2% | 686€ | 7.4% | 1 | 340€ |
| 3005 | Astron Engineering03487113 · Podgorica | <0.1% | 9,267€ | +73.2% | -8,441€ | -91.1% | 2 | 680€ |
| 3006 | Iibw Balkans02762129 · Budva | <0.1% | 9,267€ | +3.0% | -8,388€ | -90.5% | 1 | 902€ |
| 3007 | Rumba Pro03242455 · Herceg Novi | <0.1% | 9,265€ | -28.9% | -5,238€ | -56.5% | 2 | 548€ |
| 3008 | Open Company03432211 · Podgorica | <0.1% | 9,258€ | -48.8% | -295€ | -3.2% | 1 | — |
| 3009 | Mne Law03350088 · Tivat | <0.1% | 9,253€ | -58.5% | -5,678€ | -61.4% | 1 | 929€ |
| 3010 | Karadžić Law Firm02789647 · Podgorica | <0.1% | 9,239€ | -17.0% | -5,517€ | -59.7% | 1 | 336€ |
| 3011 | Calathea03634434 · Mojkovac | <0.1% | 9,230€ | -51.3% | 4,155€ | 45.0% | 1 | — |
| 3012 | Migron02423073 · Podgorica | <0.1% | 9,226€ | +74.4% | 584€ | 6.3% | 1 | 394€ |
| 3013 | RSDM03103838 · Budva | <0.1% | 9,210€ | +119.3% | 3,425€ | 37.2% | 1 | 339€ |
| 3014 | Desetka-1003214206 · Andrijevica | <0.1% | 9,200€ | +33.2% | 0€ | 0.0% | 1 | — |
| 3015 | Arguss02864720 · Berane | <0.1% | 9,200€ | -53.4% | -4,613€ | -50.1% | 1 | 791€ |
| 3016 | Psihosfera03717186 · Podgorica | <0.1% | 9,190€ | +6,464.3% | 290€ | 3.2% | 1 | 364€ |
| 3017 | Win Invest03683702 · Podgorica | <0.1% | 9,156€ | +151.3% | 1,992€ | 21.8% | 1 | — |
| 3018 | Pro-Financess03738680 · Bar | <0.1% | 9,141€ | No filing for 2024. | -12,749€ | -139.5% | 2 | 602€ |
| 3019 | Studio Six03456013 · Kotor | <0.1% | 9,130€ | -34.4% | -1,746€ | -19.1% | 1 | 806€ |
| 3020 | Ap Business Insider03742814 · Bar | <0.1% | 9,110€ | No filing for 2024. | 911€ | 10.0% | 1 | — |
| 3021 | Narla Mne Technology03618161 · Budva | <0.1% | 9,100€ | +405.6% | 229€ | 2.5% | 1 | 677€ |
| 3022 | United Accounting03733017 · Podgorica | <0.1% | 9,077€ | No filing for 2024. | 370€ | 4.1% | 1 | — |
| 3023 | Apelsin Monte03547752 · Podgorica | <0.1% | 9,040€ | +21.7% | -2,530€ | -28.0% | 1 | 925€ |
| 3024 | Fwdgroup03518779 · Budva | <0.1% | 9,017€ | +77.0% | -4,128€ | -45.8% | 1 | 965€ |
| 3025 | 2.M.D.Corp02995913 · Herceg Novi | <0.1% | 9,012€ | +14.2% | -12,992€ | -144.2% | 1 | 529€ |
| 3026 | Birch02161516 · Budva | <0.1% | 9,000€ | -78.9% | -27,294€ | -303.3% | 3 | 845€ |
| 3027 | Adriana Afonso Design03625168 · Podgorica | <0.1% | 9,000€ | -94.7% | -1,367€ | -15.2% | 1 | 397€ |
| 3028 | Archiline02903105 · Kotor | <0.1% | 9,000€ | -42.2% | -7,515€ | -83.5% | 1 | 432€ |
| 3029 | Art&More03507483 · Bar | <0.1% | 9,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,987€ | -66.5% | 1 | 1,141€ |
| 3030 | Saffort03457346 · Herceg Novi | <0.1% | 9,000€ | +100.0% | -5,772€ | -64.1% | 2 | 607€ |
| 3031 | Fokina-N03372499 · Bar | <0.1% | 9,000€ | +17.3% | -78€ | -0.9% | 1 | 678€ |
| 3032 | Dylinova Company03522911 · Bar | <0.1% | 9,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,385€ | -26.5% | 1 | 929€ |
| 3033 | Opticonnect03411036 · Bar | <0.1% | 9,000€ | +39,030.4% | 1,774€ | 19.7% | 1 | — |
| 3034 | Stars Kompas03737594 · Tivat | <0.1% | 9,000€ | No filing for 2024. | -3,284€ | -36.5% | 1 | 770€ |
| 3035 | Vučinić & Co02817942 · Herceg Novi | <0.1% | 9,000€ | +22.0% | -35€ | -0.4% | 1 | 678€ |
| 3036 | Connect To Montenegro03573117 · Tivat | <0.1% | 8,983€ | +444.1% | 4,645€ | 51.7% | 1 | — |
| 3037 | Koversada03734633 · Podgorica | <0.1% | 8,944€ | No filing for 2024. | -8,402€ | -93.9% | 0 | — |
| 3038 | Geo Eco03575624 · Herceg Novi | <0.1% | 8,930€ | -3.4% | 18€ | 0.2% | 1 | 680€ |
| 3039 | Royal Fortune03386864 · Bar | <0.1% | 8,920€ | +22.8% | 269€ | 3.0% | 1 | 670€ |
| 3040 | Lukyriel03295656 · Kotor | <0.1% | 8,904€ | +8.6% | 260€ | 2.9% | 1 | 691€ |
| 3041 | Le Sorbier03529134 · Podgorica | <0.1% | 8,900€ | +57.5% | 488€ | 5.5% | 1 | 678€ |
| 3042 | Nika GN03513700 · Budva | <0.1% | 8,900€ | +78.0% | 259€ | 2.9% | 1 | 678€ |
| 3043 | Fair Value03266761 · Podgorica | <0.1% | 8,890€ | +16.7% | 750€ | 8.4% | 1 | 625€ |
| 3044 | KRŠ03558185 · Podgorica | <0.1% | 8,879€ | +55.1% | -1,112€ | -12.5% | 1 | — |
| 3045 | Power Environmental Technologies03190633 · Budva | <0.1% | 8,879€ | +196.0% | 184€ | 2.1% | 1 | 678€ |
| 3046 | Marketing Space03673308 · Budva | <0.1% | 8,874€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,977€ | -22.3% | 1 | 678€ |
| 3047 | Redberries Solutions03455106 · Budva | <0.1% | 8,822€ | -62.5% | -2,265€ | -25.7% | 1 | 677€ |
| 3048 | White Nights03494829 · Cetinje | <0.1% | 8,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 347€ | 3.9% | 1 | 678€ |
| 3049 | Blcons Group03476103 · Kotor | <0.1% | 8,800€ | -63.6% | -5,652€ | -64.2% | 1 | 965€ |
| 3050 | Epishpasc03433528 · Herceg Novi | <0.1% | 8,800€ | +4.8% | -117€ | -1.3% | 1 | 680€ |