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 301–350 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* |
|---|
| 301 | Cont-Ing03230333 · Podgorica | <0.1% | 466,342€ | +520.6% | 213,734€ | 45.8% | 3 | 1,039€ |
| 302 | Geoengineering02708426 · Podgorica | <0.1% | 465,825€ | +3.5% | 23,406€ | 5.0% | 17 | 807€ |
| 303 | Tangram System03089142 · Nikšić | <0.1% | 465,300€ | +18.8% | 53,338€ | 11.5% | 6 | 1,219€ |
| 304 | Ital Design02283271 · Ulcinj | <0.1% | 461,909€ | -34.5% | 22,857€ | 4.9% | 17 | 752€ |
| 305 | Luna - Mne02763290 · Budva | <0.1% | 460,808€ | +30.7% | 225,956€ | 49.0% | 9 | 622€ |
| 306 | Thermocold03119475 · Podgorica | <0.1% | 459,919€ | +17.7% | 177,262€ | 38.5% | 5 | 1,678€ |
| 307 | Lux Print03136132 · Podgorica | <0.1% | 458,377€ | +0.9% | 1,895€ | 0.4% | 3 | 732€ |
| 308 | Efusion02704676 · Nikšić | <0.1% | 457,249€ | +6.0% | 97,729€ | 21.4% | 9 | 1,887€ |
| 309 | D&D Ing03054616 · Berane | <0.1% | 457,071€ | +29.0% | 97,988€ | 21.4% | 11 | 1,276€ |
| 310 | Aps Montenegro03193454 · Podgorica | <0.1% | 456,379€ | -36.9% | 28,868€ | 6.3% | 6 | 2,302€ |
| 311 | Defacto Consultancy02748916 · Podgorica | <0.1% | 454,619€ | +30.7% | 85,453€ | 18.8% | 4 | 6,556€ |
| 312 | Publikum Medijska Kuća Podgorica03348644 · Podgorica | <0.1% | 450,292€ | +7.0% | 865€ | 0.2% | 1 | 5,659€ |
| 313 | Proactive Accounting03307417 · Podgorica | <0.1% | 449,202€ | +112.7% | 16,946€ | 3.8% | 11 | 1,457€ |
| 314 | Design Beauty03294781 · Kotor | <0.1% | 448,724€ | +251.6% | 68,861€ | 15.3% | 1 | 1,391€ |
| 315 | Mins Mont03058590 · Podgorica | <0.1% | 445,084€ | +237.0% | 22,275€ | 5.0% | 2 | 1,642€ |
| 316 | Čvorović, Minić i Radunović03294943 · Podgorica | <0.1% | 441,795€ | +41.5% | 248,184€ | 56.2% | 9 | 1,157€ |
| 317 | KTS03286959 · Nikšić | <0.1% | 440,739€ | +4.9% | 124,227€ | 28.2% | 6 | 1,868€ |
| 318 | Restart Enterprise03117189 · Podgorica | <0.1% | 433,977€ | +46.4% | 5,643€ | 1.3% | 2 | 2,353€ |
| 319 | Vemax011 Pharma03287637 · Budva | <0.1% | 432,151€ | +28.4% | 0€ | 0.0% | 4 | 6,389€ |
| 320 | Agregati Montenegro03292070 · Podgorica | <0.1% | 429,968€ | +13.3% | 43,171€ | 10.0% | 4 | 1,262€ |
| 321 | Xexpertise03530221 · Podgorica | <0.1% | 429,618€ | +5.0% | 135,638€ | 31.6% | 2 | 8,084€ |
| 322 | Spin02139669 · Podgorica | <0.1% | 426,263€ | +28.7% | 43,563€ | 10.2% | 12 | 1,487€ |
| 323 | Euro Project Management02813114 · Podgorica | <0.1% | 426,148€ | +72.1% | 14,564€ | 3.4% | 1 | 3,075€ |
| 324 | Gradnja Inženjering02623617 · Nikšić | <0.1% | 425,809€ | -20.0% | 11,314€ | 2.7% | 7 | 758€ |
| 325 | Esbtec03103188 · Podgorica | <0.1% | 425,631€ | +161.5% | 17,036€ | 4.0% | 2 | 4,618€ |
| 326 | Drago Consulting03728307 · Podgorica | <0.1% | 425,000€ | No filing for 2024. | 5,883€ | 1.4% | 1 | 31,308€ |
| 327 | Atol-Commerce02255375 · Nikšić | <0.1% | 423,739€ | +35.9% | 12,993€ | 3.1% | 4 | 1,754€ |
| 328 | Salas Consulting03150909 · Podgorica | <0.1% | 422,703€ | +24.9% | 241,924€ | 57.2% | 4 | 1,046€ |
| 329 | Supplement House03241416 · Podgorica | <0.1% | 422,676€ | +14.9% | -7,217€ | -1.7% | 7 | 1,090€ |
| 330 | New Page Consulting03382621 · Podgorica | <0.1% | 420,617€ | +21.7% | 79,480€ | 18.9% | 5 | 1,096€ |
| 331 | Cepting02455846 · Podgorica | <0.1% | 420,599€ | -17.4% | 5,144€ | 1.2% | 9 | 1,659€ |
| 332 | Vodacom02426331 · Tivat | <0.1% | 417,030€ | -17.5% | 31,892€ | 7.6% | 12 | 2,194€ |
| 333 | Megrap02118998 · Podgorica | <0.1% | 416,789€ | +98.4% | 43,873€ | 10.5% | 5 | 1,008€ |
| 334 | Centar za Strane Jezike i Prevođenje Double L02346397 · Podgorica | <0.1% | 415,324€ | -25.6% | -58,853€ | -14.2% | 14 | 2,145€ |
| 335 | Super Kartica03093972 · Podgorica | <0.1% | 414,756€ | -27.3% | 26,137€ | 6.3% | 5 | 1,191€ |
| 336 | Vesing03208460 · Bar | <0.1% | 414,754€ | +21.2% | 31,000€ | 7.5% | 2 | 1,726€ |
| 337 | Reviko02404206 · Podgorica | <0.1% | 411,237€ | +0.5% | 122,027€ | 29.7% | 7 | 2,494€ |
| 338 | Institut Damar Plus02249243 · Podgorica | <0.1% | 408,382€ | +50.2% | 51,753€ | 12.7% | 6 | 2,950€ |
| 339 | Bates02650738 · Podgorica | <0.1% | 407,009€ | -9.4% | 10,277€ | 2.5% | 7 | 2,558€ |
| 340 | Autoremont - Lmi02641615 · Kotor | <0.1% | 406,421€ | +9.1% | 79,600€ | 19.6% | 12 | 1,137€ |
| 341 | Keys & Co03637573 · Podgorica | <0.1% | 406,191€ | +203.1% | 35,969€ | 8.9% | 1 | 311€ |
| 342 | Hvac Systems02801647 · Budva | <0.1% | 406,011€ | +22.5% | 5,409€ | 1.3% | 7 | 833€ |
| 343 | Underpin03112098 · Podgorica | <0.1% | 400,710€ | -27.0% | 8,046€ | 2.0% | 3 | 1,562€ |
| 344 | Porta Aperta02743922 · Podgorica | <0.1% | 393,885€ | +5.8% | 5,097€ | 1.3% | 7 | 2,655€ |
| 345 | R&D Enterprise03027805 · Podgorica | <0.1% | 392,876€ | +22.4% | 212,789€ | 54.2% | 1 | 677€ |
| 346 | Arhiplan CG03007154 · Podgorica | <0.1% | 388,251€ | +626.5% | 63,740€ | 16.4% | 2 | 1,831€ |
| 347 | Agencija za Izgradnju i Razvoj Herceg Novoga02620316 · Herceg Novi | <0.1% | 388,199€ | -6.7% | -9,207€ | -2.4% | 22 | 1,329€ |
| 348 | Omega Projects03625923 · Cetinje | <0.1% | 387,014€ | +3,200.2% | 328,882€ | 85.0% | 1 | 838€ |
| 349 | Studio K02453657 · Podgorica | <0.1% | 382,265€ | +61.4% | 59,787€ | 15.6% | 8 | 983€ |
| 350 | Geomip Inženjering02897598 · Nikšić | <0.1% | 380,499€ | +33.5% | 114,175€ | 30.0% | 8 | 1,061€ |