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 1001–1050 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* |
|---|
| 1001 | Sigurno Totalno Obezbeđenje-CG03268705 · Kotor | <0.1% | 9,644€ | -36.5% | -5,822€ | -60.4% | 1 | 677€ |
| 1002 | Ida Marketing03754138 · Budva | <0.1% | 9,475€ | No filing for 2024. | -10,928€ | -115.3% | 5 | 338€ |
| 1003 | Geomama Monte03317692 · Herceg Novi | <0.1% | 9,468€ | +1,083.5% | -1,139€ | -12.0% | 1 | 805€ |
| 1004 | BRN Group03722767 · Podgorica | <0.1% | 9,400€ | No filing for 2024. | -16,693€ | -177.6% | 3 | 722€ |
| 1005 | Professional Computer Systems03454231 · Podgorica | <0.1% | 9,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,925€ | -243.9% | 0 | — |
| 1006 | Alliance Line03472779 · Budva | <0.1% | 9,398€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,224€ | 13.0% | 1 | 677€ |
| 1007 | Buildnote03724468 · Podgorica | <0.1% | 9,364€ | No filing for 2024. | 421€ | 4.5% | 1 | 727€ |
| 1008 | Dolphin Soft03439127 · Podgorica | <0.1% | 9,341€ | +172.8% | 23€ | 0.2% | 1 | 675€ |
| 1009 | Full Rack-Mne03530469 · Budva | <0.1% | 9,306€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -191€ | -2.1% | 1 | 678€ |
| 1010 | Denarkh03417301 · Budva | <0.1% | 9,280€ | -48.3% | -1,580€ | -17.0% | 1 | 817€ |
| 1011 | Boris and Boris03517934 · Podgorica | <0.1% | 9,272€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,195€ | -56.0% | 1 | 675€ |
| 1012 | Digital Fabric03504441 · Kotor | <0.1% | 9,190€ | -58.5% | -23,447€ | -255.1% | 3 | 725€ |
| 1013 | Adriasoft03700968 · Podgorica | <0.1% | 9,158€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -666€ | -7.3% | 1 | 709€ |
| 1014 | Wistco03286797 · Podgorica | <0.1% | 9,088€ | -60.6% | -2,718€ | -29.9% | 1 | 977€ |
| 1015 | Qa Studija03642801 · Budva | <0.1% | 9,065€ | +107.4% | 114€ | 1.3% | 1 | 670€ |
| 1016 | T-Studium03484149 · Herceg Novi | <0.1% | 9,048€ | -21.7% | -4,431€ | -49.0% | 1 | 927€ |
| 1017 | Infotech Montenegro03489639 · Herceg Novi | <0.1% | 9,000€ | +38.2% | -8,369€ | -93.0% | 2 | 678€ |
| 1018 | Omnisoft03796434 · Podgorica | <0.1% | 9,000€ | No filing for 2024. | 3,976€ | 44.2% | 1 | 362€ |
| 1019 | BFC03463109 · Tivat | <0.1% | 8,936€ | +8.0% | -11,324€ | -126.7% | 2 | 680€ |
| 1020 | Primar Montenegro03317544 · Podgorica | <0.1% | 8,886€ | +140.2% | 3,302€ | 37.2% | 1 | 380€ |
| 1021 | Montech Vetar03512606 · Budva | <0.1% | 8,880€ | +20.9% | -68€ | -0.8% | 1 | 675€ |
| 1022 | Uf Software03429091 · Kotor | <0.1% | 8,850€ | -44.2% | -1,093€ | -12.4% | 1 | 674€ |
| 1023 | SW Test03646483 · Tivat | <0.1% | 8,830€ | +998.3% | -964€ | -10.9% | 1 | 678€ |
| 1024 | Stanki It03429415 · Herceg Novi | <0.1% | 8,800€ | -26.7% | -1,145€ | -13.0% | 1 | 677€ |
| 1025 | Two Polygons03520340 · Budva | <0.1% | 8,750€ | -55.3% | -15,173€ | -173.4% | 2 | 923€ |
| 1026 | Taurustime03601625 · Budva | <0.1% | 8,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,395€ | -38.8% | 1 | 926€ |
| 1027 | Procraft Solutions03730115 · Podgorica | <0.1% | 8,745€ | No filing for 2024. | 354€ | 4.0% | 1 | 570€ |
| 1028 | Barbabietola03351785 · Herceg Novi | <0.1% | 8,710€ | +779.8% | -1,312€ | -15.1% | 1 | 677€ |
| 1029 | Evercoin Mne03492788 · Podgorica | <0.1% | 8,700€ | +190.0% | -2,702€ | -31.1% | 1 | 927€ |
| 1030 | Black Corgi03512509 · Herceg Novi | <0.1% | 8,668€ | +139.1% | -839€ | -9.7% | 1 | 678€ |
| 1031 | Ridora03783600 · Berane | <0.1% | 8,650€ | No filing for 2024. | -2,189€ | -25.3% | 1 | 901€ |
| 1032 | Bitline03454428 · Berane | <0.1% | 8,636€ | -9.3% | 2,835€ | 32.8% | 1 | 353€ |
| 1033 | RDS Development03441725 · Herceg Novi | <0.1% | 8,570€ | -19.9% | -471€ | -5.5% | 1 | 680€ |
| 1034 | Vivive03377237 · Herceg Novi | <0.1% | 8,550€ | +434.4% | -654€ | -7.6% | 1 | 678€ |
| 1035 | Design For03647218 · Rožaje | <0.1% | 8,500€ | +70.0% | 1,659€ | 19.5% | 1 | 440€ |
| 1036 | Domanov Enterprise03625176 · Herceg Novi | <0.1% | 8,470€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,160€ | -13.7% | 1 | 678€ |
| 1037 | Ai Billie03629848 · Budva | <0.1% | 8,460€ | -77.7% | 950€ | 11.2% | 1 | 451€ |
| 1038 | It Perspektive03415112 · Herceg Novi | <0.1% | 8,425€ | +742.5% | -1,583€ | -18.8% | 1 | 677€ |
| 1039 | Upix Technologies03254402 · Herceg Novi | <0.1% | 8,410€ | -1.0% | -649€ | -7.7% | 1 | 677€ |
| 1040 | Pixel Cat02947242 · Herceg Novi | <0.1% | 8,392€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,628€ | 19.4% | 2 | — |
| 1041 | Black Pines Studio03781160 · Podgorica | <0.1% | 8,358€ | No filing for 2024. | 4,358€ | 52.1% | 1 | — |
| 1042 | CB Cons03588360 · Tivat | <0.1% | 8,255€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,862€ | -119.5% | 1 | 1,473€ |
| 1043 | Vavavek03375994 · Herceg Novi | <0.1% | 8,240€ | +57.4% | 37€ | 0.4% | 1 | 678€ |
| 1044 | Kamishibai Interactive03634779 · Herceg Novi | <0.1% | 8,200€ | +33.0% | -2,525€ | -30.8% | 1 | 875€ |
| 1045 | Wevify03456226 · Podgorica | <0.1% | 8,152€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,302€ | -16.0% | 1 | 677€ |
| 1046 | Beetlesoft It03520722 · Budva | <0.1% | 8,148€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,236€ | -52.0% | 1 | 926€ |
| 1047 | Edelweiss Montenegro03534812 · Podgorica | <0.1% | 8,070€ | +49.4% | -9,214€ | -114.2% | 1 | 929€ |
| 1048 | Digital Systems03457192 · Budva | <0.1% | 8,045€ | +846.5% | -4,211€ | -52.3% | 1 | 926€ |
| 1049 | Dainiak Company03424057 · Budva | <0.1% | 8,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,289€ | -16.1% | 1 | 675€ |
| 1050 | Occasionally Intelligent03745007 · Budva | <0.1% | 8,000€ | No filing for 2024. | -4,145€ | -51.8% | 2 | 402€ |