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 751–800 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* |
|---|
| 751 | Mus03488594 · Bar | <0.1% | 22,239€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,058€ | 58.7% | 1 | 687€ |
| 752 | BC Coding03275574 · Nikšić | <0.1% | 21,981€ | -24.9% | 3,796€ | 17.3% | 1 | 1,470€ |
| 753 | Dobrasoft03772829 · Budva | <0.1% | 21,960€ | No filing for 2024. | 14,829€ | 67.5% | 1 | 369€ |
| 754 | Axe Top03447979 · Bar | <0.1% | 21,859€ | -7.2% | 2,010€ | 9.2% | 1 | 1,449€ |
| 755 | Muratshaev&Co03356221 · Bar | <0.1% | 21,650€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,165€ | 60.8% | 2 | 303€ |
| 756 | Bitexr02975840 · Podgorica | <0.1% | 21,602€ | +169.9% | -3,549€ | -16.4% | 1 | 1,381€ |
| 757 | Diverse Solutions03420345 · Bar | <0.1% | 21,500€ | -51.2% | -9,009€ | -41.9% | 3 | 534€ |
| 758 | Borisov & Co03484220 · Budva | <0.1% | 21,500€ | +13.2% | 1,259€ | 5.9% | 1 | 926€ |
| 759 | Ičević - Soft03323404 · Podgorica | <0.1% | 21,275€ | -20.7% | 2,322€ | 10.9% | 1 | 1,521€ |
| 760 | Marka Me03653102 · Podgorica | <0.1% | 21,041€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,839€ | 23.0% | 2 | 675€ |
| 761 | In Flow Solutions03482138 · Podgorica | <0.1% | 21,028€ | -46.1% | -5,679€ | -27.0% | 3 | 524€ |
| 762 | Codify03722996 · Podgorica | <0.1% | 21,021€ | No filing for 2024. | 3,431€ | 16.3% | 1 | 1,396€ |
| 763 | Sooop03432033 · Bar | <0.1% | 21,015€ | +23.6% | -47€ | -0.2% | 2 | 804€ |
| 764 | As Design03224422 · Kotor | <0.1% | 21,011€ | -19.6% | 1,370€ | 6.5% | 1 | 837€ |
| 765 | Logo Invest03473953 · Budva | <0.1% | 20,928€ | +78.2% | -391€ | -1.9% | 2 | 802€ |
| 766 | Zlatno Runo03152065 · Bar | <0.1% | 20,900€ | +84.4% | 2,602€ | 12.4% | 2 | 480€ |
| 767 | Umbrella Mne03658732 · Podgorica | <0.1% | 20,847€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,535€ | 50.5% | 1 | 675€ |
| 768 | Very Nice03421554 · Herceg Novi | <0.1% | 20,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,479€ | 55.2% | 1 | 675€ |
| 769 | Morus03475662 · Bar | <0.1% | 20,721€ | +63.6% | 8,592€ | 41.5% | 1 | 922€ |
| 770 | Blokkod03149501 · Podgorica | <0.1% | 20,620€ | -56.3% | -8,088€ | -39.2% | 3 | 696€ |
| 771 | Orion Group02853523 · Cetinje | <0.1% | 20,600€ | +27.7% | 418€ | 2.0% | 1 | 1,321€ |
| 772 | Semitimes Fintech03792048 · Bijelo Polje | <0.1% | 20,510€ | No filing for 2024. | 19,471€ | 94.9% | 1 | — |
| 773 | Mraws03608115 · Podgorica | <0.1% | 20,510€ | -33.2% | 803€ | 3.9% | 1 | — |
| 774 | Gdi02778386 · Podgorica | <0.1% | 20,495€ | -86.3% | 942€ | 4.6% | 1 | 925€ |
| 775 | Totoro Teacher03440249 · Bar | <0.1% | 20,328€ | +123.9% | 3,880€ | 19.1% | 1 | 1,271€ |
| 776 | 4202783568 · Cetinje | <0.1% | 20,251€ | +36.6% | 0€ | 0.0% | 2 | 675€ |
| 777 | Your Vacation03555658 · Herceg Novi | <0.1% | 20,249€ | -28.0% | 381€ | 1.9% | 2 | 741€ |
| 778 | Webenix03288218 · Podgorica | <0.1% | 20,248€ | +166.6% | 8,902€ | 44.0% | 1 | — |
| 779 | Urbis03044378 · Podgorica | <0.1% | 20,213€ | +53.1% | 1,681€ | 8.3% | 1 | 345€ |
| 780 | S Konsalting02799090 · Nikšić | <0.1% | 20,026€ | -11.7% | 6,609€ | 33.0% | 1 | — |
| 781 | Eventel MMS&CO03528855 · Budva | <0.1% | 20,000€ | -7.0% | -14,052€ | -70.3% | 4 | 689€ |
| 782 | Pixel Bay03371433 · Herceg Novi | <0.1% | 20,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,916€ | 54.6% | 1 | 677€ |
| 783 | Montetech03457842 · Herceg Novi | <0.1% | 20,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,479€ | 37.4% | 1 | 944€ |
| 784 | Tvme Engineering03289184 · Podgorica | <0.1% | 20,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,183€ | 40.9% | 1 | 678€ |
| 785 | Mentalen03178773 · Herceg Novi | <0.1% | 19,997€ | -23.0% | 1,614€ | 8.1% | 1 | 1,403€ |
| 786 | Tresoya Software and Technology03357660 · Podgorica | <0.1% | 19,832€ | +466.6% | 4,973€ | 25.1% | 1 | 1,144€ |
| 787 | It Olives03658805 · Budva | <0.1% | 19,750€ | +299.8% | -3,996€ | -20.2% | 2 | 928€ |
| 788 | Flor&Tim03564657 · Podgorica | <0.1% | 19,588€ | +2.9% | 2,917€ | 14.9% | 2 | 600€ |
| 789 | Sqa Mne03630838 · Podgorica | <0.1% | 19,580€ | +81.3% | 476€ | 2.4% | 1 | 678€ |
| 790 | Flexibel Team03325571 · Bar | <0.1% | 19,555€ | -47.3% | 7,209€ | 36.9% | 1 | 927€ |
| 791 | 3dexperts03458547 · Ulcinj | <0.1% | 19,425€ | +213.3% | 6,174€ | 31.8% | 1 | 358€ |
| 792 | Mysterion03438422 · Herceg Novi | <0.1% | 19,409€ | +225.7% | 8,896€ | 45.8% | 1 | 678€ |
| 793 | Esint Plus03487121 · Budva | <0.1% | 19,375€ | +138.8% | 9,286€ | 47.9% | 1 | 670€ |
| 794 | Orderize03457877 · Herceg Novi | <0.1% | 19,291€ | +13.8% | 2,205€ | 11.4% | 2 | 633€ |
| 795 | Plavirint03728773 · Podgorica | <0.1% | 19,249€ | No filing for 2024. | -1,208€ | -6.3% | 1 | 1,557€ |
| 796 | Lucky Software03374025 · Bijelo Polje | <0.1% | 19,227€ | -43.2% | -261€ | -1.4% | 2 | 608€ |
| 797 | Kodevolve03665534 · Budva | <0.1% | 19,200€ | +100.6% | 3,683€ | 19.2% | 1 | 1,168€ |
| 798 | Navmii03503186 · Podgorica | <0.1% | 19,059€ | -24.7% | 16,085€ | 84.4% | 1 | — |
| 799 | Creative Indigo03575543 · Podgorica | <0.1% | 18,987€ | -34.3% | -5,170€ | -27.2% | 1 | 1,709€ |
| 800 | Šćekić Consulting It03387755 · Podgorica | <0.1% | 18,938€ | -26.3% | -1,202€ | -6.3% | 1 | — |