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 551–600 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* |
|---|
| 551 | N-Com03314855 · Bijelo Polje | <0.1% | 44,925€ | +49.2% | 3,949€ | 8.8% | 2 | 1,549€ |
| 552 | Integral Geodata03203085 · Bar | <0.1% | 44,804€ | -15.7% | -2,515€ | -5.6% | 3 | 1,097€ |
| 553 | Sicam Company03708594 · Berane | <0.1% | 44,754€ | +435.0% | 9,364€ | 20.9% | 1 | 1,839€ |
| 554 | S&L Taranchenko03528847 · Tivat | <0.1% | 44,639€ | -57.8% | 30,169€ | 67.6% | 1 | 726€ |
| 555 | SG Computers03272575 · Bar | <0.1% | 44,427€ | +38.8% | 6,644€ | 15.0% | 2 | 1,325€ |
| 556 | Logo Montenegro03753328 · Podgorica | <0.1% | 44,414€ | No filing for 2024. | 3,218€ | 7.2% | 2 | 1,133€ |
| 557 | Despot Technologies03484211 · Podgorica | <0.1% | 44,376€ | -1.5% | 2,483€ | 5.6% | 1 | 3,040€ |
| 558 | Mont Soft03731430 · Podgorica | <0.1% | 44,000€ | No filing for 2024. | 1,888€ | 4.3% | 1 | 746€ |
| 559 | Vivid Bits03380238 · Herceg Novi | <0.1% | 43,622€ | +13.1% | 530€ | 1.2% | 2 | 1,591€ |
| 560 | Dkoder03331318 · Podgorica | <0.1% | 43,490€ | +20.8% | -3,351€ | -7.7% | 2 | 1,199€ |
| 561 | Updigital03134547 · Podgorica | <0.1% | 43,448€ | -51.3% | 16,695€ | 38.4% | 3 | 693€ |
| 562 | Codeline03464482 · Podgorica | <0.1% | 43,250€ | -58.2% | -18,719€ | -43.3% | 1 | 2,705€ |
| 563 | Wombat03486923 · Budva | <0.1% | 42,285€ | +348.4% | 21,181€ | 50.1% | 2 | 696€ |
| 564 | Kub-It03742202 · Podgorica | <0.1% | 42,213€ | No filing for 2024. | 547€ | 1.3% | 0 | — |
| 565 | W-Dev Consulting03665674 · Podgorica | <0.1% | 42,000€ | +137.3% | -384€ | -0.9% | 1 | 3,388€ |
| 566 | Netplanet Mne03644863 · Podgorica | <0.1% | 41,951€ | +71.8% | 3,816€ | 9.1% | 2 | 680€ |
| 567 | Nizovtsev Software Services03435849 · Bar | <0.1% | 41,629€ | -44.1% | 5,992€ | 14.4% | 1 | 2,637€ |
| 568 | Metadata Labs03772438 · Podgorica | <0.1% | 40,949€ | No filing for 2024. | 429€ | 1.0% | 1 | 3,238€ |
| 569 | Fix It03346625 · Herceg Novi | <0.1% | 40,843€ | +550.0% | 21,066€ | 51.6% | 1 | 1,033€ |
| 570 | Easystaff LTD03487156 · Bar | <0.1% | 40,680€ | -9.1% | 845€ | 2.1% | 4 | 769€ |
| 571 | Wimax Montenegro02749092 · Podgorica | <0.1% | 40,678€ | -15.6% | -74,673€ | -183.6% | 1 | 1,302€ |
| 572 | Mne Tech03354539 · Bar | <0.1% | 40,498€ | +0.7% | 22,401€ | 55.3% | 1 | 1,147€ |
| 573 | Sentrix03387470 · Podgorica | <0.1% | 40,431€ | -8.8% | 817€ | 2.0% | 2 | 1,251€ |
| 574 | We Make03388735 · Podgorica | <0.1% | 40,426€ | +10.0% | -3,562€ | -8.8% | 2 | 897€ |
| 575 | Hotfix03517195 · Podgorica | <0.1% | 40,306€ | -5.3% | -496€ | -1.2% | 1 | 2,039€ |
| 576 | Tsunami Tunes03431720 · Budva | <0.1% | 40,000€ | +103.6% | 11,071€ | 27.7% | 1 | 2,224€ |
| 577 | Lunar03429296 · Plav | <0.1% | 39,964€ | -3.0% | 1,363€ | 3.4% | 1 | 1,770€ |
| 578 | Intell Informed03517993 · Podgorica | <0.1% | 39,700€ | +92.1% | 5,387€ | 13.6% | 1 | — |
| 579 | Stellar Solutions03714241 · Berane | <0.1% | 39,570€ | +1,219.0% | 7,829€ | 19.8% | 1 | 2,541€ |
| 580 | Sapspec TR03521346 · Ulcinj | <0.1% | 39,289€ | +128.1% | 24,522€ | 62.4% | 1 | 679€ |
| 581 | Panda Pasha Games03529258 · Budva | <0.1% | 39,220€ | +5.3% | 8,531€ | 21.8% | 1 | 1,006€ |
| 582 | Artsoft02364042 · Danilovgrad | <0.1% | 39,144€ | +10.1% | 102€ | 0.3% | 1 | 2,552€ |
| 583 | It and Tea03538133 · Budva | <0.1% | 39,125€ | +3,160.4% | 5,570€ | 14.2% | 2 | 803€ |
| 584 | Digitech Marketing03772900 · Budva | <0.1% | 39,090€ | No filing for 2024. | 4,907€ | 12.6% | 7 | 392€ |
| 585 | F1 Studio03445160 · Podgorica | <0.1% | 39,002€ | +25.0% | 17,835€ | 45.7% | 1 | 1,227€ |
| 586 | Funtomatique03416178 · Budva | <0.1% | 38,801€ | +18.8% | 9,482€ | 24.4% | 2 | 829€ |
| 587 | Angry Graphics Animation Studio03359093 · Herceg Novi | <0.1% | 38,781€ | -1.8% | -2,097€ | -5.4% | 1 | 2,837€ |
| 588 | Ikra Web03604195 · Bijelo Polje | <0.1% | 38,748€ | +138.7% | -545€ | -1.4% | 3 | 1,015€ |
| 589 | Zbor Mne03506177 · Podgorica | <0.1% | 38,722€ | +5,561.1% | 2,064€ | 5.3% | 2 | 1,300€ |
| 590 | Info-Consult03437736 · Herceg Novi | <0.1% | 38,633€ | -18.2% | -2,313€ | -6.0% | 1 | 3,041€ |
| 591 | Novirocks03468607 · Herceg Novi | <0.1% | 38,575€ | No filing for 2024. | 262€ | 0.7% | 1 | 2,540€ |
| 592 | In4s Infors02758202 · Podgorica | <0.1% | 37,960€ | +22.2% | -6,063€ | -16.0% | 1 | 2,414€ |
| 593 | Antonkor03431932 · Tivat | <0.1% | 37,740€ | +0.0% | 13,027€ | 34.5% | 2 | 841€ |
| 594 | Elastic03360768 · Podgorica | <0.1% | 37,692€ | +38.3% | -15,810€ | -41.9% | 3 | 1,192€ |
| 595 | MP Consulting03770893 · Podgorica | <0.1% | 37,660€ | No filing for 2024. | 6,023€ | 16.0% | 1 | 2,512€ |
| 596 | Mad Guns Digital03583104 · Podgorica | <0.1% | 37,351€ | +134.7% | -15,052€ | -40.3% | 1 | 678€ |
| 597 | Satellite Broadband Service Network Montenegro02771454 · Podgorica | <0.1% | 37,056€ | +1.5% | 9,837€ | 26.5% | 2 | 635€ |
| 598 | Bankmind Solutions03778045 · Podgorica | <0.1% | 36,575€ | No filing for 2024. | 21,759€ | 59.5% | 1 | 993€ |
| 599 | Perke Tech03407926 · Cetinje | <0.1% | 36,447€ | +8.7% | -2,660€ | -7.3% | 1 | 2,418€ |
| 600 | Treugolnik03313832 · Budva | <0.1% | 36,438€ | -58.2% | 12,892€ | 35.4% | 1 | 1,148€ |