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 401–450 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* |
|---|
| 401 | Angelini03277933 · Podgorica | <0.1% | 327,916€ | +74.7% | 167,305€ | 51.0% | 7 | 691€ |
| 402 | Jaroslav Černi03342166 · Nikšić | <0.1% | 327,771€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 217,727€ | 66.4% | 2 | 926€ |
| 403 | Green Mne PR & Consulting03526623 · Podgorica | <0.1% | 327,520€ | +114.7% | 9,323€ | 2.8% | 15 | 568€ |
| 404 | Mminstitut03009670 · Kotor | <0.1% | 327,474€ | +19.3% | 91,710€ | 28.0% | 6 | 2,047€ |
| 405 | Mccann Podgorica02430428 · Podgorica | <0.1% | 322,937€ | -32.5% | 23,688€ | 7.3% | 2 | 1,770€ |
| 406 | Civil Craft Solution03691152 · Nikšić | <0.1% | 322,926€ | +3,435.4% | 64,900€ | 20.1% | 1 | 1,305€ |
| 407 | Reco Partners03322599 · Podgorica | <0.1% | 319,025€ | +118.8% | 229,459€ | 71.9% | 2 | 917€ |
| 408 | As Elektro03266591 · Budva | <0.1% | 318,981€ | +3.6% | 3,589€ | 1.1% | 6 | 1,129€ |
| 409 | Economic Team03028224 · Podgorica | <0.1% | 318,951€ | -0.4% | 63,887€ | 20.0% | 14 | 644€ |
| 410 | Paming03086445 · Podgorica | <0.1% | 318,557€ | +12.7% | 139,623€ | 43.8% | 2 | 4,926€ |
| 411 | Breznamont03171876 · Nikšić | <0.1% | 318,487€ | +28.5% | 2,516€ | 0.8% | 6 | 1,259€ |
| 412 | S Light 02003069508 · Podgorica | <0.1% | 318,475€ | +63.0% | 267,341€ | 83.9% | 1 | 309€ |
| 413 | Knjigovodstvena Agencija Novović03386660 · Berane | <0.1% | 318,397€ | +127.1% | -12,189€ | -3.8% | 20 | 1,308€ |
| 414 | Karika Mne03165337 · Nikšić | <0.1% | 317,313€ | +19.0% | 11,803€ | 3.7% | 4 | 776€ |
| 415 | Finalis03168263 · Podgorica | <0.1% | 317,153€ | -5.7% | 6,882€ | 2.2% | 4 | 6,243€ |
| 416 | Rent 4 You03378128 · Budva | <0.1% | 316,112€ | +17.1% | 30,089€ | 9.5% | 4 | 4,132€ |
| 417 | Durutović, Vuksanović & Kraljević02892847 · Podgorica | <0.1% | 315,156€ | +32.0% | 48,095€ | 15.3% | 5 | 2,677€ |
| 418 | Alfred H Knight Me03350339 · Bar | <0.1% | 313,765€ | +1.3% | 9,672€ | 3.1% | 19 | 1,115€ |
| 419 | Studio Blanko02961946 · Podgorica | <0.1% | 312,550€ | +70.0% | 114,104€ | 36.5% | 6 | 1,037€ |
| 420 | Diagram03320405 · Podgorica | <0.1% | 312,457€ | -3.2% | 141,819€ | 45.4% | 14 | 532€ |
| 421 | E N E L02255316 · Nikšić | <0.1% | 309,833€ | +4.8% | 5,873€ | 1.9% | 2 | 1,957€ |
| 422 | Woo Advertising03638910 · Podgorica | <0.1% | 309,318€ | +15.9% | 19,047€ | 6.2% | 3 | 3,101€ |
| 423 | Bosnalijek D.D. Predstavništvo Crna Gora02410460 · Podgorica | <0.1% | 309,200€ | +20.0% | 0€ | 0.0% | 4 | 3,542€ |
| 424 | Azral Inženjering02902346 · Podgorica | <0.1% | 308,791€ | -28.4% | 88,203€ | 28.6% | 8 | 1,637€ |
| 425 | Invar Ivošević02175967 · Tivat | <0.1% | 308,715€ | +5.9% | 11,366€ | 3.7% | 11 | 1,150€ |
| 426 | Adriatic Dogadjanja03557545 · Kotor | <0.1% | 308,612€ | +319.1% | 75,441€ | 24.4% | 2 | 2,280€ |
| 427 | Romagnoli Consulting03176908 · Podgorica | <0.1% | 307,891€ | +633.1% | 261,710€ | 85.0% | 1 | 874€ |
| 428 | MTL Car02710170 · Podgorica | <0.1% | 304,279€ | +13.5% | 63,968€ | 21.0% | 7 | 835€ |
| 429 | Business Intelligence Consulting03045293 · Podgorica | <0.1% | 303,529€ | +11.8% | 24,867€ | 8.2% | 4 | 1,483€ |
| 430 | Meridian Global Consulting03411389 · Podgorica | <0.1% | 301,500€ | +2.2% | 63,047€ | 20.9% | 6 | 3,109€ |
| 431 | Ekrem Abi03347478 · Podgorica | <0.1% | 300,000€ | +5,900.0% | 235,511€ | 78.5% | 8 | 373€ |
| 432 | NS Consult03078922 · Tivat | <0.1% | 298,108€ | +5.6% | 92,815€ | 31.1% | 8 | 1,368€ |
| 433 | Lutovac Arhitektonski Studio03703312 · Tivat | <0.1% | 297,918€ | +1,342.8% | 33,693€ | 11.3% | 4 | 1,236€ |
| 434 | Lars Fire02454963 · Podgorica | <0.1% | 297,556€ | +39.7% | 7,373€ | 2.5% | 3 | 1,764€ |
| 435 | Hiron Digital03314022 · Podgorica | <0.1% | 296,016€ | +55.8% | 71,528€ | 24.2% | 4 | 1,694€ |
| 436 | Buildin03576701 · Podgorica | <0.1% | 295,886€ | +55.4% | 71,300€ | 24.1% | 4 | 2,466€ |
| 437 | Broker Marić02976358 · Podgorica | <0.1% | 294,937€ | +50.7% | 59,516€ | 20.2% | 6 | 1,279€ |
| 438 | Geostandard03222667 · Nikšić | <0.1% | 294,609€ | +60.9% | 11,238€ | 3.8% | 8 | 2,040€ |
| 439 | Veterinar Beni02985772 · Ulcinj | <0.1% | 294,514€ | +14.2% | -18,454€ | -6.3% | 5 | 935€ |
| 440 | Deel Montenegro03538591 · Podgorica | <0.1% | 292,849€ | +230.2% | 1,211€ | 0.4% | 4 | 5,716€ |
| 441 | Modena Gradnja02809559 · Budva | <0.1% | 292,377€ | -25.0% | 135,804€ | 46.4% | 2 | 699€ |
| 442 | Jade Design03236196 · Herceg Novi | <0.1% | 291,506€ | +3,618.2% | 90,611€ | 31.1% | 1 | 931€ |
| 443 | Virmont02429411 · Bar | <0.1% | 291,499€ | -14.5% | 22,307€ | 7.7% | 6 | 1,293€ |
| 444 | Talas €03115135 · Budva | <0.1% | 291,423€ | +25.5% | 732€ | 0.3% | 3 | 812€ |
| 445 | Porto Capital03220028 · Podgorica | <0.1% | 290,749€ | -41.8% | 105,134€ | 36.2% | 2 | 1,572€ |
| 446 | Kristal02283131 · Bar | <0.1% | 288,858€ | +37.7% | 115,108€ | 39.8% | 10 | 726€ |
| 447 | Umbrella PBS&SO03111822 · Budva | <0.1% | 287,400€ | +0.5% | 2,016€ | 0.7% | 14 | 1,041€ |
| 448 | Master Consulting03655172 · Budva | <0.1% | 287,069€ | +270.9% | 56,438€ | 19.7% | 8 | 1,907€ |
| 449 | Noviglance Group03262456 · Budva | <0.1% | 286,723€ | +160.7% | 43,697€ | 15.2% | 1 | 929€ |
| 450 | Kalezić & Miranović02909146 · Podgorica | <0.1% | 286,681€ | +18.5% | 110,033€ | 38.4% | 3 | 2,597€ |