Revenue
3.6% of Montenegro's revenue
1,939 companies earned 641.26m€ in 2025, 3.6% of all company revenue in Montenegro. It ranks 8 of 18 sectors by revenue. Revenue has grown 2.2× since 2015.
3.6% of Montenegro's revenue
1,369 with at most one employee
Largest employer: Mtel (559)
Total profit: 121.61m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 291,103,596€ | 327 |
| 2016 | 294,357,002€ | 366 |
| 2017 | 318,377,841€ | 427 |
| 2018 | 330,327,585€ | 510 |
| 2019 | 327,716,410€ | 570 |
| 2020 | 317,986,899€ | 678 |
| 2021 | 344,010,078€ | 886 |
| 2022 | 461,575,305€ | 1,491 |
| 2023 | 543,598,360€ | 1,789 |
| 2024 | 573,609,156€ | 1,893 |
| 2025 (Preliminary) | 641,264,304€ | 1,939 |
The number of companies jumped most in 2022: from 886 to 1,491.
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 501–550 of 1,939
* 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 39 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* |
|---|
| 501 | Foxycode03575489 · Podgorica | <0.1% | 53,045€ | +59.6% | 3,607€ | 6.8% | 1 | 3,464€ |
| 502 | Modest02653419 · Podgorica | <0.1% | 53,043€ | +312.8% | 4,365€ | 8.2% | 1 | 3,945€ |
| 503 | Nexa Mne03526917 · Podgorica | <0.1% | 52,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 44,169€ | 84.3% | 1 | 678€ |
| 504 | Simartech03455963 · Podgorica | <0.1% | 52,273€ | -1.2% | 4,582€ | 8.8% | 2 | 1,521€ |
| 505 | Volta It03458091 · Podgorica | <0.1% | 52,200€ | +3.2% | -466€ | -0.9% | 1 | 3,957€ |
| 506 | Deus Craft03559602 · Tivat | <0.1% | 52,000€ | +550.0% | 2,987€ | 5.7% | 1 | 3,819€ |
| 507 | Nilan Tech03733564 · Podgorica | <0.1% | 51,993€ | No filing for 2024. | 28,459€ | 54.7% | 1 | 1,552€ |
| 508 | Montel Company Montenegro03314316 · Bar | <0.1% | 51,854€ | +25.5% | -14,331€ | -27.6% | 2 | 423€ |
| 509 | Infocom02388332 · Cetinje | <0.1% | 51,707€ | +4.7% | 9,612€ | 18.6% | 1 | 1,227€ |
| 510 | Dubki93903441601 · Podgorica | <0.1% | 51,533€ | -5.8% | 10,439€ | 20.3% | 4 | 710€ |
| 511 | Digital Media Factory03473325 · Herceg Novi | <0.1% | 51,443€ | +40.4% | 21,799€ | 42.4% | 2 | 1,001€ |
| 512 | Qweel03546667 · Bar | <0.1% | 50,886€ | +12.6% | 3,100€ | 6.1% | 2 | 871€ |
| 513 | Tensor03629953 · Podgorica | <0.1% | 50,653€ | +717.0% | 11,561€ | 22.8% | 1 | 3,058€ |
| 514 | Dot Pro03176754 · Podgorica | <0.1% | 50,148€ | -25.0% | -6,815€ | -13.6% | 1 | 3,691€ |
| 515 | Finovatex03740749 · Kotor | <0.1% | 50,000€ | No filing for 2024. | 2,057€ | 4.1% | 1 | 577€ |
| 516 | Optimize03652548 · Bijelo Polje | <0.1% | 50,000€ | +62.9% | 16,470€ | 32.9% | 1 | 2,232€ |
| 517 | Singularity03801446 · Podgorica | <0.1% | 50,000€ | No filing for 2024. | 25,339€ | 50.7% | 1 | 2,030€ |
| 518 | Cogent Communications Montenegro02958082 · Podgorica | <0.1% | 49,920€ | 0.0% | -242,106€ | -485.0% | 1 | 674€ |
| 519 | Fast Property Management Information Systems03222551 · Ulcinj | <0.1% | 49,747€ | +9.0% | 22,557€ | 45.3% | 1 | 706€ |
| 520 | Devscript03611205 · Podgorica | <0.1% | 49,666€ | +16.8% | 3,932€ | 7.9% | 1 | 3,266€ |
| 521 | Underhill Software Solutions03404919 · Podgorica | <0.1% | 49,455€ | +5.3% | 2,690€ | 5.4% | 1 | 3,070€ |
| 522 | Logik Montenegro03340031 · Podgorica | <0.1% | 49,148€ | +15.6% | 1,279€ | 2.6% | 3 | 1,102€ |
| 523 | Round Pixel03345963 · Podgorica | <0.1% | 48,949€ | -58.7% | 3,450€ | 7.0% | 1 | 2,888€ |
| 524 | Aleksandra LTD03527557 · Budva | <0.1% | 48,840€ | +510.5% | 15,863€ | 32.5% | 2 | 731€ |
| 525 | Nord Beaver Official03416992 · Tivat | <0.1% | 48,760€ | -51.7% | -26,068€ | -53.5% | 5 | 981€ |
| 526 | Nos Space03543684 · Bar | <0.1% | 48,647€ | +26.3% | 863€ | 1.8% | 1 | 2,277€ |
| 527 | Edutus Crna Gora03310035 · Podgorica | <0.1% | 48,605€ | -29.4% | -15,280€ | -31.4% | 1 | 1,196€ |
| 528 | Touchmind Software LLP03528154 · Budva | <0.1% | 48,400€ | -85.3% | -23,066€ | -47.7% | 1 | 926€ |
| 529 | From Scratch03416348 · Podgorica | <0.1% | 48,345€ | +0.3% | 4,201€ | 8.7% | 2 | 1,232€ |
| 530 | Innobot03682668 · Podgorica | <0.1% | 48,177€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 32,643€ | 67.8% | 1 | 791€ |
| 531 | Flority03504387 · Podgorica | <0.1% | 48,000€ | +77.9% | 1,704€ | 3.6% | 3 | 813€ |
| 532 | Civil Bureau of Software Engineering03427986 · Herceg Novi | <0.1% | 47,981€ | -28.6% | 96€ | 0.2% | 2 | 1,015€ |
| 533 | Mediaram03172198 · Nikšić | <0.1% | 47,745€ | +93.8% | 5,928€ | 12.4% | 1 | 2,713€ |
| 534 | Meta SC03453391 · Tivat | <0.1% | 47,474€ | -60.1% | 5,102€ | 10.7% | 2 | 699€ |
| 535 | Ltdtech03551237 · Podgorica | <0.1% | 47,347€ | +6.5% | -1,137€ | -2.4% | 1 | 2,151€ |
| 536 | Supremum03464288 · Podgorica | <0.1% | 47,200€ | +18.5% | 615€ | 1.3% | 1 | 3,019€ |
| 537 | Gremo Soft03373223 · Berane | <0.1% | 47,142€ | -22.8% | 22,513€ | 47.8% | 1 | — |
| 538 | FM Electronic02734770 · Ulcinj | <0.1% | 46,936€ | +11.1% | 8,387€ | 17.9% | 2 | 457€ |
| 539 | Red Gear03432700 · Podgorica | <0.1% | 46,625€ | -21.9% | 28,273€ | 60.6% | 1 | 1,098€ |
| 540 | Tech Management International03428885 · Bar | <0.1% | 46,328€ | +25.0% | 11,542€ | 24.9% | 1 | 2,590€ |
| 541 | App Com03647943 · Podgorica | <0.1% | 46,130€ | +59.1% | 3,737€ | 8.1% | 2 | 1,487€ |
| 542 | Tagani Automation03559939 · Ulcinj | <0.1% | 45,947€ | -44.3% | -8,488€ | -18.5% | 1 | 1,650€ |
| 543 | Abordage02452073 · Bar | <0.1% | 45,649€ | -15.7% | 2,821€ | 6.2% | 4 | — |
| 544 | Arkassali03633217 · Podgorica | <0.1% | 45,542€ | -41.4% | -2,116€ | -4.6% | 1 | 3,562€ |
| 545 | Anna Create03007804 · Bar | <0.1% | 45,500€ | +18.2% | 24,632€ | 54.1% | 1 | 947€ |
| 546 | Microsoft Montenegro02654555 · Podgorica | <0.1% | 45,263€ | -2.3% | 8,284€ | 18.3% | 1 | 2,717€ |
| 547 | Patec Group03576442 · Budva | <0.1% | 45,256€ | +91.6% | 17,085€ | 37.8% | 1 | 852€ |
| 548 | Mikrobit02250586 · Herceg Novi | <0.1% | 45,208€ | +2.5% | -7,349€ | -16.3% | 3 | 677€ |
| 549 | Dev Connect Uk03736806 · Podgorica | <0.1% | 45,000€ | No filing for 2024. | 5,337€ | 11.9% | 0 | — |
| 550 | Atoll United Group03388905 · Budva | <0.1% | 45,000€ | +43.8% | -39,355€ | -87.5% | 1 | 1,091€ |