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 4901–4950 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* |
|---|
| 4901 | Mandalin Co03786471 · Budva | 0.0% | 0€ | No filing for 2024. | -1€ | — | 0 | — |
| 4902 | MD03598594 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,165€ | — | 1 | 670€ |
| 4903 | Medicalart Consultancy03208583 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4904 | Medizone Health Tourism Company03367185 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -34,092€ | — | 3 | 867€ |
| 4905 | Mefa Invest03682145 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,106€ | — | 1 | 676€ |
| 4906 | Megalith03791742 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,990€ | — | 2 | — |
| 4907 | Meii02713306 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,000€ | — | 1 | 333€ |
| 4908 | Merck02806126 · Podgorica | 0.0% | 0€ | -100.0% | -320,318€ | — | 2 | 6,223€ |
| 4909 | Mernest Company03704246 · Budva | 0.0% | 0€ | No filing for 2024. | -6,269€ | — | 1 | 522€ |
| 4910 | Metacentar03330290 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,115€ | — | 1 | 926€ |
| 4911 | Metalfer Invest02896338 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 4912 | Metatech Software03176452 · Budva | 0.0% | 0€ | -100.0% | -8,297€ | — | 1 | 685€ |
| 4913 | Mga Monte03466540 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,017€ | — | 2 | 422€ |
| 4914 | MHM-Projekt03617335 · Podgorica | 0.0% | 0€ | -100.0% | -37,294€ | — | 3 | 900€ |
| 4915 | MH - Staking03405788 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,127€ | — | 1 | 677€ |
| 4916 | Mibuch Consulting03560376 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,135€ | — | 1 | 677€ |
| 4917 | Mihajlović02218402 · Herceg Novi | 0.0% | 0€ | -100.0% | -4,066€ | — | 1 | — |
| 4918 | Millennium Montenegro03470407 · Budva | 0.0% | 0€ | -100.0% | -8,416€ | — | 1 | 677€ |
| 4919 | Miracles03231925 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,122€ | — | 1 | 677€ |
| 4920 | Misticom02256452 · Podgorica | 0.0% | 0€ | -100.0% | -10,476€ | — | 1 | 538€ |
| 4921 | MK - Grupa02978237 · Budva | 0.0% | 0€ | -100.0% | -25,828€ | — | 3 | 670€ |
| 4922 | MK Investment Corporation03328503 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4923 | MKM Invest02689464 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,798€ | — | 1 | — |
| 4924 | MMT Pipe Company03382907 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,830€ | — | 1 | 569€ |
| 4925 | Mne Geo03651215 · Bar | 0.0% | 0€ | -100.0% | -67,294€ | — | 2 | 2,760€ |
| 4926 | Mne - Invest02650789 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,187€ | — | 1 | 677€ |
| 4927 | Mne Itm03521834 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 4928 | Monem02904993 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,050€ | — | 1 | 338€ |
| 4929 | Mongate Montenegro03190196 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,278€ | — | 1 | 966€ |
| 4930 | Mons Processing03220460 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,453€ | — | 1 | 933€ |
| 4931 | Montar02883554 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,540€ | — | 2 | 735€ |
| 4932 | Montdutch03763480 · Podgorica | 0.0% | 0€ | No filing for 2024. | -6,998€ | — | 1 | — |
| 4933 | Montebite Engineering03661261 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,370€ | — | 1 | 678€ |
| 4934 | Monte Data Expert03521893 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,149€ | — | 1 | 678€ |
| 4935 | Monte Invest & Consulting03200027 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,458€ | — | 1 | 621€ |
| 4936 | Montenegro Grand03755703 · Bar | 0.0% | 0€ | No filing for 2024. | -5,010€ | — | 1 | 353€ |
| 4937 | Montplan Design03736172 · Podgorica | 0.0% | 0€ | No filing for 2024. | -18,748€ | — | 2 | 781€ |
| 4938 | Montreal Ul03797759 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -86€ | — | 1 | — |
| 4939 | Motelis03792072 · Podgorica | 0.0% | 0€ | No filing for 2024. | -500€ | — | 0 | — |
| 4940 | Mresa03721701 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4941 | Msiri Rijeka03324559 | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2€ | — | 1 | — |
| 4942 | Muehlrat03754359 · Bar | 0.0% | 0€ | No filing for 2024. | -4,061€ | — | 1 | 338€ |
| 4943 | Musetash Montenegro03407942 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 4944 | MV Research03477100 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,366€ | — | 1 | 676€ |
| 4945 | Mylae Group03806324 · Tivat | 0.0% | 0€ | No filing for 2024. | -185€ | — | 1 | — |
| 4946 | Naidovich03558711 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,212€ | — | 1 | 676€ |
| 4947 | Nalinvest03381544 · Podgorica | 0.0% | 0€ | -100.0% | -5,313€ | — | 1 | 478€ |
| 4948 | Napstel Montenegro03781020 · Budva | 0.0% | 0€ | No filing for 2024. | -1,600€ | — | 1 | — |
| 4949 | Nasitrap-MW03334775 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,418€ | — | 1 | 452€ |
| 4950 | Naura Group03009254 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,381€ | — | 2 | 802€ |