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 4001–4050 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* |
|---|
| 4001 | Aqvius Group03145972 · Berane | 0.0% | 0€ | -100.0% | -8,652€ | — | 1 | — |
| 4002 | Arago Invest02705443 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,325€ | — | 1 | 929€ |
| 4003 | Architeam03544630 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,152€ | — | 1 | 675€ |
| 4004 | Architecture & Development03342247 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4005 | Argestes03751635 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -4,696€ | — | 1 | 391€ |
| 4006 | Arh Atelje Casa Design03390730 · Podgorica | 0.0% | 0€ | -100.0% | -9,968€ | — | 1 | 675€ |
| 4007 | Arhilog03136264 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4008 | Aroz03593452 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,713€ | — | 1 | 309€ |
| 4009 | Artemon Pay03810976 · Podgorica | 0.0% | 0€ | No filing for 2024. | -93€ | — | 0 | — |
| 4010 | Art Studio Traditions of Times03763935 · Budva | 0.0% | 0€ | No filing for 2024. | -3,758€ | — | 1 | 301€ |
| 4011 | Artvalhalla Line03486788 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,405€ | — | 1 | 699€ |
| 4012 | Aspo03547612 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,402€ | — | 1 | 916€ |
| 4013 | Astradev Mne03775062 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,782€ | — | 1 | — |
| 4014 | Atel02357208 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,700€ | — | 1 | — |
| 4015 | Atena Consultancy and Trade03265781 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,020€ | — | 1 | 335€ |
| 4016 | Avalon SKY03441377 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,924€ | — | 1 | 926€ |
| 4017 | Avangard Konsalting02778351 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,713€ | — | 1 | — |
| 4018 | Avs Services LTD03277313 · Budva | 0.0% | 0€ | -100.0% | -9,742€ | — | 1 | 676€ |
| 4019 | Axios03785530 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -3,698€ | — | 1 | 308€ |
| 4020 | Axis Nova03734684 · Budva | 0.0% | 0€ | No filing for 2024. | -4,262€ | — | 1 | 313€ |
| 4021 | Aylil Pharm R&D03699846 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,657€ | — | 1 | 929€ |
| 4022 | Azem Consulting03233669 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,158€ | — | 1 | 676€ |
| 4023 | Baday03223370 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,986€ | — | 1 | 922€ |
| 4024 | Balkan Tivat03182991 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,692€ | — | 1 | 678€ |
| 4025 | Barpro03758079 · Bar | 0.0% | 0€ | No filing for 2024. | -6,964€ | — | 1 | 578€ |
| 4026 | Batatas03428397 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16€ | — | 0 | — |
| 4027 | Baylandco03778487 · Tivat | 0.0% | 0€ | No filing for 2024. | -8,557€ | — | 0 | — |
| 4028 | Baytim03756491 · Pljevlja | 0.0% | 0€ | No filing for 2024. | -1,731€ | — | 1 | — |
| 4029 | B&B Consulting03739180 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -2,479€ | — | 1 | — |
| 4030 | Belchich Production & Design03559661 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,214€ | — | 1 | 678€ |
| 4031 | Belka-75703783871 · Bar | 0.0% | 0€ | No filing for 2024. | -2,431€ | — | 1 | — |
| 4032 | Bella Company03586022 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4033 | Belmary03437027 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4034 | Bemb Group03655938 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 4035 | Bemcems03160718 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,934€ | — | 1 | 527€ |
| 4036 | Benefico03528898 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,034€ | — | 1 | — |
| 4037 | Bernasen Aviation03289958 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,838€ | — | 1 | 922€ |
| 4038 | Best Cabling03474054 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,199€ | — | 1 | 675€ |
| 4039 | Betulamne, Architecture, Development, Management, Consultancy03392970 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,685€ | — | 1 | 1,466€ |
| 4040 | BFC Int03472205 · Budva | 0.0% | 0€ | -100.0% | -10,025€ | — | 1 | 680€ |
| 4041 | Biomentor03657060 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4042 | 0.0% | 0€ | -100.0% | -9,971€ | — | 1 | 678€ | |
| 4043 | Bka Trading03233014 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,244€ | — | 1 | 925€ |
| 4044 | BKC03699331 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,184€ | — | 1 | 675€ |
| 4045 | Black Mountain Logistic03701395 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,500€ | — | 1 | 621€ |
| 4046 | Blackstar03231429 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,134€ | — | 1 | 676€ |
| 4047 | BLS Logistics and Storage03784410 · Podgorica | 0.0% | 0€ | No filing for 2024. | -232€ | — | 1 | — |
| 4048 | BLT Consultancy03675394 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,107€ | — | 1 | 592€ |
| 4049 | Blue Garden02760142 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,986€ | — | 2 | 499€ |
| 4050 | Blue & Green03168255 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,316€ | — | 1 | 925€ |