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 951–1000 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* |
|---|
| 951 | Perminov03529495 · Podgorica | <0.1% | 11,160€ | +22.8% | -1,634€ | -14.6% | 1 | 927€ |
| 952 | Ribnjak sa Patkama03452727 · Herceg Novi | <0.1% | 11,120€ | +622.1% | 211€ | 1.9% | 1 | 678€ |
| 953 | Aqualonix Design03436241 · Herceg Novi | <0.1% | 11,035€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 64€ | 0.6% | 1 | 678€ |
| 954 | Ab Media Solutions03552497 · Kotor | <0.1% | 11,021€ | +10.8% | -1,590€ | -14.4% | 1 | 931€ |
| 955 | Swsovitella03520960 · Bar | <0.1% | 11,000€ | +133.5% | -1,256€ | -11.4% | 1 | 943€ |
| 956 | Finslon03548074 · Budva | <0.1% | 11,000€ | +57.1% | 1,570€ | 14.3% | 1 | 677€ |
| 957 | Barkan It03417565 · Budva | <0.1% | 10,938€ | -92.9% | -16,154€ | -147.7% | 1 | 1,880€ |
| 958 | Mont Blanc02442337 · Podgorica | <0.1% | 10,866€ | -2.3% | 1,804€ | 16.6% | 1 | 340€ |
| 959 | Seaops03779670 · Nikšić | <0.1% | 10,836€ | No filing for 2024. | 2,067€ | 19.1% | 2 | 354€ |
| 960 | Sbi03192725 · Podgorica | <0.1% | 10,823€ | -5.2% | -2,987€ | -27.6% | 1 | 557€ |
| 961 | Coding Paws Studio03648591 · Budva | <0.1% | 10,800€ | +137.4% | -1,731€ | -16.0% | 1 | 928€ |
| 962 | Surviewcode03516407 · Budva | <0.1% | 10,790€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,303€ | -12.1% | 1 | 926€ |
| 963 | Marketing Avenue03420876 · Tivat | <0.1% | 10,718€ | -13.0% | 725€ | 6.8% | 1 | 675€ |
| 964 | World Web Group03447375 · Tivat | <0.1% | 10,683€ | +170.3% | -17,750€ | -166.2% | 2 | 1,117€ |
| 965 | Genidava03353095 · Tuzi | <0.1% | 10,680€ | +18,636.8% | -195€ | -1.8% | 1 | 337€ |
| 966 | Klopsoft03492273 · Podgorica | <0.1% | 10,615€ | +62.9% | 899€ | 8.5% | 1 | 674€ |
| 967 | Big Data Realty03486575 · Podgorica | <0.1% | 10,600€ | -31.6% | 142€ | 1.3% | 1 | 675€ |
| 968 | The Butterfly03463966 · Podgorica | <0.1% | 10,556€ | -65.3% | 256€ | 2.4% | 1 | 677€ |
| 969 | Ceit03162656 · Podgorica | <0.1% | 10,544€ | +3.4% | -11,636€ | -110.4% | 1 | — |
| 970 | Baium03425797 · Herceg Novi | <0.1% | 10,520€ | +557.5% | 265€ | 2.5% | 1 | 787€ |
| 971 | Institucija03220222 · Podgorica | <0.1% | 10,503€ | +94.0% | 8,148€ | 77.6% | 1 | — |
| 972 | Nova It Laboratorija03426203 · Herceg Novi | <0.1% | 10,500€ | +1,049,900.0% | -1,974€ | -18.8% | 1 | 929€ |
| 973 | Marigold Tech03443949 · Podgorica | <0.1% | 10,500€ | +36.4% | 2,217€ | 21.1% | 1 | 677€ |
| 974 | Defipie03374874 · Budva | <0.1% | 10,498€ | -1.1% | 2,089€ | 19.9% | 1 | 677€ |
| 975 | Fun Games 3D03293696 · Budva | <0.1% | 10,481€ | -42.7% | -7,477€ | -71.3% | 1 | 916€ |
| 976 | Vortex Group 403588866 · Bar | <0.1% | 10,481€ | +46.1% | 1,849€ | 17.6% | 1 | 677€ |
| 977 | Blue It03155161 · Bar | <0.1% | 10,427€ | -44.4% | -9,528€ | -91.4% | 1 | 1,116€ |
| 978 | Tardis03560651 · Herceg Novi | <0.1% | 10,400€ | +188.9% | 1,049€ | 10.1% | 1 | 678€ |
| 979 | Ar2d2 Mne03478769 · Podgorica | <0.1% | 10,350€ | +168.8% | 705€ | 6.8% | 1 | 676€ |
| 980 | Bondanna03432963 · Budva | <0.1% | 10,280€ | -24.6% | -2,369€ | -23.0% | 1 | 926€ |
| 981 | Hashimotto03690598 · Podgorica | <0.1% | 10,260€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,160€ | 21.1% | 1 | 481€ |
| 982 | Balkancoder03430391 · Tivat | <0.1% | 10,100€ | +11.0% | -4,396€ | -43.5% | 1 | 929€ |
| 983 | Mau Lab03399923 · Herceg Novi | <0.1% | 10,100€ | +9.8% | 191€ | 1.9% | 1 | 678€ |
| 984 | Defense Circle03684555 · Bar | <0.1% | 10,081€ | +1,382.5% | -11,590€ | -115.0% | 1 | 702€ |
| 985 | Design Sixty-Nine03456935 · Herceg Novi | <0.1% | 10,010€ | +178.8% | 572€ | 5.7% | 1 | 678€ |
| 986 | Jeditools03427790 · Podgorica | <0.1% | 10,001€ | +156.3% | -28,994€ | -289.9% | 1 | 3,079€ |
| 987 | It-Legend Technologies03569462 · Budva | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,127€ | 11.3% | 1 | 678€ |
| 988 | Foxmath03359581 · Herceg Novi | <0.1% | 10,000€ | +28.2% | -752€ | -7.5% | 1 | 680€ |
| 989 | Marat Gelman & CO.03349845 · Budva | <0.1% | 10,000€ | +2.5% | -1,554€ | -15.5% | 1 | — |
| 990 | Futureservice03245837 · Bar | <0.1% | 9,951€ | +23.6% | 601€ | 6.0% | 1 | 677€ |
| 991 | Sambic It03337529 · Podgorica | <0.1% | 9,950€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,118€ | 91.6% | — | — |
| 992 | Wahelp03358755 · Budva | <0.1% | 9,950€ | +1.7% | 736€ | 7.4% | 1 | 677€ |
| 993 | Lunkwill03530949 · Podgorica | <0.1% | 9,945€ | -52.4% | -11,989€ | -120.6% | 1 | 678€ |
| 994 | Intercom - CG02418622 · Bijelo Polje | <0.1% | 9,909€ | -46.9% | 2,989€ | 30.2% | 1 | 372€ |
| 995 | Bunny Media03623653 · Budva | <0.1% | 9,842€ | -33.4% | -1,511€ | -15.4% | 1 | 402€ |
| 996 | Foxsystem03430359 · Herceg Novi | <0.1% | 9,800€ | -0.5% | -3,510€ | -35.8% | 1 | 934€ |
| 997 | Ats203356825 · Podgorica | <0.1% | 9,730€ | -69.2% | -10,881€ | -111.8% | 1 | 1,219€ |
| 998 | Shtuceus03547418 · Podgorica | <0.1% | 9,719€ | +240.4% | -8,089€ | -83.2% | 2 | 676€ |
| 999 | Asos Thecnology03708179 · Podgorica | <0.1% | 9,710€ | No filing for 2024. | 373€ | 3.8% | 1 | 599€ |
| 1000 | Space Ideas03468909 · Bar | <0.1% | 9,645€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,031€ | -52.2% | 1 | 924€ |