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 1101–1150 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* |
|---|
| 1101 | Mainsource03448762 · Budva | <0.1% | 6,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,675€ | -111.3% | 1 | 924€ |
| 1102 | Omprelia03327108 · Budva | <0.1% | 6,000€ | +1,100.0% | -13,987€ | -233.1% | 4 | 402€ |
| 1103 | Alpizo.Me03249891 · Tivat | <0.1% | 5,954€ | +7.6% | -3,233€ | -54.3% | 1 | 675€ |
| 1104 | Devmonte03030032 · Herceg Novi | <0.1% | 5,893€ | -71.9% | -3,600€ | -61.1% | 1 | 680€ |
| 1105 | Easy Virtual Sistem03504883 · Budva | <0.1% | 5,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,377€ | -161.7% | 2 | 599€ |
| 1106 | PM Expert Compamy03463044 · Podgorica | <0.1% | 5,784€ | +493.2% | -7,100€ | -122.8% | 1 | 916€ |
| 1107 | Devtech Solutions03785068 · Bijelo Polje | <0.1% | 5,775€ | No filing for 2024. | 2,513€ | 43.5% | 1 | — |
| 1108 | JBX Games03416909 · Budva | <0.1% | 5,726€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,398€ | -338.8% | 1 | 678€ |
| 1109 | Šamraj03356299 · Bar | <0.1% | 5,700€ | +3.5% | -2,523€ | -44.3% | 1 | 675€ |
| 1110 | M - Code02438879 · Danilovgrad | <0.1% | 5,658€ | -86.1% | -17,035€ | -301.1% | 1 | — |
| 1111 | Softera03785491 · Podgorica | <0.1% | 5,612€ | No filing for 2024. | 2,413€ | 43.0% | 1 | — |
| 1112 | Alpha Capital03434249 · Tivat | <0.1% | 5,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,405€ | -167.9% | 1 | 926€ |
| 1113 | Alphyn Apps03434575 · Budva | <0.1% | 5,594€ | +130.0% | -6,280€ | -112.3% | 2 | 424€ |
| 1114 | Firenet03216055 · Bar | <0.1% | 5,500€ | -21.7% | -627€ | -11.4% | 1 | 434€ |
| 1115 | Cloudlab Studio03416488 · Budva | <0.1% | 5,438€ | -80.6% | -14,684€ | -270.0% | 2 | 781€ |
| 1116 | Pigurnov03407543 · Herceg Novi | <0.1% | 5,410€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,963€ | -73.3% | 1 | 677€ |
| 1117 | Away.Online03481735 · Podgorica | <0.1% | 5,400€ | -14.5% | 1,706€ | 31.6% | 1 | — |
| 1118 | Sumus Montenegro Group03414078 · Ulcinj | <0.1% | 5,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,979€ | -55.2% | 1 | 677€ |
| 1119 | Ž - Sistems02970791 · Herceg Novi | <0.1% | 5,372€ | -68.0% | -1,251€ | -23.3% | 1 | 462€ |
| 1120 | Ajax03287599 · Herceg Novi | <0.1% | 5,234€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,107€ | -78.5% | 1 | 424€ |
| 1121 | Gamehub03732304 · Žabljak | <0.1% | 5,192€ | No filing for 2024. | -2,397€ | -46.2% | 1 | 502€ |
| 1122 | D Code03346048 · Podgorica | <0.1% | 5,140€ | +271.7% | 1,207€ | 23.5% | 1 | — |
| 1123 | Fluktus03467767 · Bar | <0.1% | 5,114€ | -78.2% | -15,848€ | -309.9% | 1 | 1,287€ |
| 1124 | Ostrog Computes02920310 · Tivat | <0.1% | 5,101€ | -46.9% | -14,360€ | -281.5% | 1 | 811€ |
| 1125 | Dream Crew Mne03681017 · Bar | <0.1% | 5,090€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,874€ | -233.3% | 1 | 1,357€ |
| 1126 | Sancto Structure03436560 · Podgorica | <0.1% | 5,000€ | -23.0% | -7,590€ | -151.8% | 1 | 927€ |
| 1127 | Silent Partner03574652 · Podgorica | <0.1% | 5,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,856€ | -217.1% | 1 | 1,199€ |
| 1128 | Story Technology03726479 · Podgorica | <0.1% | 5,000€ | No filing for 2024. | -5,087€ | -101.7% | 1 | 806€ |
| 1129 | Mont Macs03439194 · Tivat | <0.1% | 4,980€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,166€ | -103.7% | 1 | 678€ |
| 1130 | Solosbor03516482 · Bar | <0.1% | 4,950€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,475€ | -70.2% | 1 | 670€ |
| 1131 | Perpetua Opes03648338 · Podgorica | <0.1% | 4,910€ | +32.7% | -11,060€ | -225.3% | 2 | 647€ |
| 1132 | Aek Development03547531 · Podgorica | <0.1% | 4,900€ | +226.7% | -3,688€ | -75.3% | 1 | 675€ |
| 1133 | Dukotech03667685 · Podgorica | <0.1% | 4,887€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,263€ | -66.8% | 1 | 677€ |
| 1134 | Neonovljanin03298868 · Herceg Novi | <0.1% | 4,875€ | -36.6% | -4,132€ | -84.8% | 1 | 678€ |
| 1135 | Prostto Systems03452751 · Budva | <0.1% | 4,850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,221€ | -107.6% | 1 | 723€ |
| 1136 | Nar05203522601 · Bar | <0.1% | 4,845€ | +61.5% | -8,824€ | -182.1% | 1 | 1,131€ |
| 1137 | Fornax02808161 · Podgorica | <0.1% | 4,808€ | -64.1% | -70,094€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 3,544€ |
| 1138 | Akr Devco03575209 · Podgorica | <0.1% | 4,801€ | -82.9% | -4,818€ | -100.4% | 1 | 622€ |
| 1139 | Pelicanos03799921 · Podgorica | <0.1% | 4,760€ | No filing for 2024. | 1,763€ | 37.0% | 2 | — |
| 1140 | SKY Man03413403 · Herceg Novi | <0.1% | 4,741€ | +5,349.4% | -4,759€ | -100.4% | 1 | 677€ |
| 1141 | Garnet Shop03324796 · Berane | <0.1% | 4,735€ | +85.8% | -30,675€ | -647.8% | 1 | — |
| 1142 | Crashinvaders03496481 · Podgorica | <0.1% | 4,700€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,876€ | -167.6% | 1 | 927€ |
| 1143 | Creatiwwwa03077004 · Budva | <0.1% | 4,543€ | +7.8% | -85€ | -1.9% | 1 | — |
| 1144 | Zenrod03777120 · Podgorica | <0.1% | 4,540€ | No filing for 2024. | 975€ | 21.5% | 1 | — |
| 1145 | Il Kote03613259 · Budva | <0.1% | 4,500€ | -92.1% | -8,720€ | -193.8% | 1 | 975€ |
| 1146 | Makecodeme03483347 · Cetinje | <0.1% | 4,460€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,979€ | -89.2% | 1 | 674€ |
| 1147 | Vareality Mind Tech03719014 · Budva | <0.1% | 4,450€ | No filing for 2024. | -4,511€ | -101.4% | 1 | 634€ |
| 1148 | Mne Rukomet03281418 · Podgorica | <0.1% | 4,410€ | -83.5% | -6,176€ | -140.0% | 1 | 592€ |
| 1149 | Carmel Technology Services03423484 · Podgorica | <0.1% | 4,405€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,538€ | -125.7% | 1 | 677€ |
| 1150 | Limit Technology03285758 · Podgorica | <0.1% | 4,353€ | +57.2% | -20,362€ | -467.8% | 1 | 1,018€ |