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 801–850 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* |
|---|
| 801 | Aicapital LTD03534421 · Budva | <0.1% | 18,704€ | -37.0% | -6,785€ | -36.3% | 1 | 451€ |
| 802 | Finsight Ai03781348 · Zeta | <0.1% | 18,669€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,512€ |
| 803 | DYB Co03663949 · Podgorica | <0.1% | 18,650€ | +258.7% | 1,120€ | 6.0% | 1 | 1,282€ |
| 804 | Adriatic Software03510263 · Herceg Novi | <0.1% | 18,637€ | +831.9% | 6,797€ | 36.5% | 1 | 678€ |
| 805 | Future Corporation03147339 · Podgorica | <0.1% | 18,612€ | +47.8% | -31,154€ | -167.4% | 3 | 1,136€ |
| 806 | Simenesky03428443 · Herceg Novi | <0.1% | 18,601€ | +55.0% | -1,108€ | -6.0% | 3 | 509€ |
| 807 | Scroll Stopper03440893 · Tivat | <0.1% | 18,513€ | -4.7% | 3,633€ | 19.6% | 1 | 929€ |
| 808 | Maimai03527751 · Bar | <0.1% | 18,487€ | +7.7% | 2,018€ | 10.9% | 2 | 677€ |
| 809 | Nopeus03510697 · Podgorica | <0.1% | 18,439€ | +101.5% | 4,772€ | 25.9% | 1 | 810€ |
| 810 | Spacerunner03437906 · Tivat | <0.1% | 18,298€ | -21.9% | -1,824€ | -10.0% | 1 | 976€ |
| 811 | Enuma Elish03471373 · Podgorica | <0.1% | 18,250€ | -92.9% | -30,028€ | -164.5% | 3 | 1,196€ |
| 812 | Atrimax Systems03780007 · Bijelo Polje | <0.1% | 18,250€ | No filing for 2024. | 91€ | 0.5% | 1 | 324€ |
| 813 | Mariasha03535169 · Budva | <0.1% | 18,235€ | +71.8% | -4,014€ | -22.0% | 3 | 428€ |
| 814 | Honeybadger Ai03505430 · Podgorica | <0.1% | 18,108€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,344€ | 29.5% | 1 | 929€ |
| 815 | Freelance BP03553981 · Bijelo Polje | <0.1% | 18,106€ | +18.7% | -667€ | -3.7% | 1 | 793€ |
| 816 | Astraxx03404587 · Tivat | <0.1% | 18,000€ | +29.7% | 3,717€ | 20.7% | 1 | 937€ |
| 817 | Nordcc203414302 · Herceg Novi | <0.1% | 18,000€ | 0.0% | 1,119€ | 6.2% | 1 | 1,195€ |
| 818 | Vicit03755568 · Podgorica | <0.1% | 18,000€ | No filing for 2024. | 795€ | 4.4% | 1 | 691€ |
| 819 | Borba03334899 · Podgorica | <0.1% | 18,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,751€ | 20.8% | 1 | 1,169€ |
| 820 | Coding Team03506371 · Budva | <0.1% | 17,838€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,327€ | 46.7% | 1 | 678€ |
| 821 | Webavity03281710 · Herceg Novi | <0.1% | 17,821€ | +15.7% | 7,124€ | 40.0% | 1 | 675€ |
| 822 | Only Forward03663701 · Bar | <0.1% | 17,741€ | +602.6% | 1,218€ | 6.9% | 1 | 929€ |
| 823 | Rocking Horse03513432 · Podgorica | <0.1% | 17,732€ | -58.5% | -3,214€ | -18.1% | 1 | 1,267€ |
| 824 | Tricen02329271 · Kotor | <0.1% | 17,684€ | +189.5% | -10,242€ | -57.9% | 2 | 787€ |
| 825 | Led Business Consulting03415481 · Podgorica | <0.1% | 17,565€ | -2.6% | -2,986€ | -17.0% | 1 | 1,257€ |
| 826 | Fidelio03768805 · Bijelo Polje | <0.1% | 17,306€ | No filing for 2024. | 373€ | 2.2% | 2 | 484€ |
| 827 | TLG Global Technologies03586057 · Tivat | <0.1% | 17,297€ | -57.0% | -25,457€ | -147.2% | 2 | 1,275€ |
| 828 | Nowe Soft03453626 · Podgorica | <0.1% | 17,266€ | +21.5% | -44€ | -0.3% | 1 | 925€ |
| 829 | Virtuoz Web03334147 · Herceg Novi | <0.1% | 17,201€ | +28.1% | -7,705€ | -44.8% | 2 | 678€ |
| 830 | Default Cube03460720 · Bar | <0.1% | 17,186€ | 0.0% | 2,993€ | 17.4% | 1 | 1,054€ |
| 831 | Adcarry03765903 · Herceg Novi | <0.1% | 17,143€ | No filing for 2024. | 182€ | 1.1% | 4 | 346€ |
| 832 | Dago03563707 · Podgorica | <0.1% | 17,100€ | -66.7% | -4,047€ | -23.7% | 1 | 1,554€ |
| 833 | Cyber CO.02422824 · Podgorica | <0.1% | 17,093€ | +348.3% | -2,033€ | -11.9% | 1 | 972€ |
| 834 | Binge Heroes03600157 · Herceg Novi | <0.1% | 17,085€ | +1,533.4% | 3,941€ | 23.1% | 1 | 916€ |
| 835 | Umbrella Capital Investment Group03371816 · Bar | <0.1% | 17,049€ | +25.6% | -2,347€ | -13.8% | 1 | 629€ |
| 836 | Herit03432980 · Bar | <0.1% | 17,000€ | 0.0% | 5,682€ | 33.4% | 1 | 678€ |
| 837 | Mount Black Technologies03380904 · Podgorica | <0.1% | 17,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,100€ | 12.4% | 1 | 677€ |
| 838 | GSS Office03573141 · Tivat | <0.1% | 16,975€ | +61.7% | -11,861€ | -69.9% | 1 | 1,016€ |
| 839 | Društvo za Promet Roba i Usluga Qore03319202 · Podgorica | <0.1% | 16,961€ | -79.3% | 568€ | 3.3% | 1 | 989€ |
| 840 | Inovativa03405656 · Podgorica | <0.1% | 16,888€ | -67.8% | 517€ | 3.1% | 1 | 1,229€ |
| 841 | Karikashop03424880 · Bar | <0.1% | 16,702€ | -58.3% | 168€ | 1.0% | 1 | 969€ |
| 842 | Press Clipping02389436 · Podgorica | <0.1% | 16,652€ | -0.0% | -5,576€ | -33.5% | 1 | 688€ |
| 843 | Nous Tech03218457 · Herceg Novi | <0.1% | 16,515€ | +34.3% | -1,762€ | -10.7% | 1 | 838€ |
| 844 | Velocci03757137 · Tivat | <0.1% | 16,500€ | No filing for 2024. | 10,064€ | 61.0% | 0 | — |
| 845 | Pcmind03183670 · Herceg Novi | <0.1% | 16,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 89€ | 0.5% | 2 | 626€ |
| 846 | Otter03722180 · Podgorica | <0.1% | 16,500€ | No filing for 2024. | 8,691€ | 52.7% | 1 | 471€ |
| 847 | Archlogic03292908 · Podgorica | <0.1% | 16,470€ | -91.5% | -60,087€ | -364.8% | 2 | 1,851€ |
| 848 | Sabado03612341 · Podgorica | <0.1% | 16,400€ | +526.0% | -767€ | -4.7% | 1 | 1,111€ |
| 849 | Tapston03423590 · Budva | <0.1% | 16,291€ | +365.5% | 8,110€ | 49.8% | 1 | 675€ |
| 850 | Start Up Development Studio03216845 · Ulcinj | <0.1% | 16,287€ | +7.0% | -1,564€ | -9.6% | 1 | 798€ |