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 1201–1250 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* |
|---|
| 1201 | Drozdov Studio03504603 · Podgorica | <0.1% | 2,675€ | -34.2% | -6,284€ | -234.9% | 1 | 675€ |
| 1202 | Reef Technology and Consulting03184773 · Budva | <0.1% | 2,630€ | -68.1% | -7,671€ | -291.7% | 1 | 675€ |
| 1203 | Ktitorovs03504751 · Herceg Novi | <0.1% | 2,563€ | +199.8% | -6,941€ | -270.8% | 1 | 677€ |
| 1204 | Prifiler03644162 · Podgorica | <0.1% | 2,563€ | +21.0% | -152€ | -5.9% | 1 | — |
| 1205 | Codafinity03480844 · Budva | <0.1% | 2,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,796€ | -271.8% | 1 | 670€ |
| 1206 | Ketayun Group03786781 · Podgorica | <0.1% | 2,440€ | No filing for 2024. | 195€ | 8.0% | 0 | — |
| 1207 | Qaguru03681084 · Budva | <0.1% | 2,420€ | +120.2% | -9,252€ | -382.3% | 2 | 423€ |
| 1208 | Acs02192373 · Podgorica | <0.1% | 2,400€ | -69.5% | -5,197€ | -216.5% | 1 | 452€ |
| 1209 | Polet Monte03447529 · Herceg Novi | <0.1% | 2,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,599€ | -358.3% | 1 | 831€ |
| 1210 | Raven House03410706 · Budva | <0.1% | 2,400€ | -15.8% | -6,891€ | -287.1% | 1 | 677€ |
| 1211 | Atelje A2203516717 · Cetinje | <0.1% | 2,354€ | -42.1% | -6,934€ | -294.6% | 1 | 442€ |
| 1212 | Lgdesign03665607 · Budva | <0.1% | 2,340€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,628€ | -69.6% | 1 | — |
| 1213 | Transport Centrala03645037 · Podgorica | <0.1% | 2,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16€ | 0.7% | 1 | — |
| 1214 | Eklinika03726452 · Podgorica | <0.1% | 2,250€ | No filing for 2024. | 260€ | 11.6% | 0 | — |
| 1215 | Ingvin03563146 · Tivat | <0.1% | 2,223€ | -72.2% | -11,994€ | -539.5% | 2 | 529€ |
| 1216 | Hannah03537471 · Podgorica | <0.1% | 2,160€ | -90.4% | -172€ | -8.0% | 1 | — |
| 1217 | Gurev & Co03439291 · Budva | <0.1% | 2,110€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,123€ | -290.2% | 1 | 675€ |
| 1218 | Averix03383571 · Herceg Novi | <0.1% | 2,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,062€ | -479.1% | 1 | 929€ |
| 1219 | XCHNG03468305 · Tivat | <0.1% | 2,100€ | -38.2% | -10,465€ | -498.3% | 1 | 926€ |
| 1220 | Voyagers03056813 · Herceg Novi | <0.1% | 2,085€ | +408.5% | -597€ | -28.6% | 1 | — |
| 1221 | Vema HN03789446 · Herceg Novi | <0.1% | 2,060€ | No filing for 2024. | -685€ | -33.3% | 1 | — |
| 1222 | On Fire Media03799573 · Danilovgrad | <0.1% | 2,008€ | No filing for 2024. | -482€ | -24.0% | 1 | — |
| 1223 | A Design & Marketing03595315 · Nikšić | <0.1% | 2,000€ | -78.3% | -3,038€ | -151.9% | 1 | — |
| 1224 | Devlabs03509923 · Podgorica | <0.1% | 2,000€ | -87.0% | -9,100€ | -455.0% | 1 | 929€ |
| 1225 | Nebohod Plus03072541 · Bar | <0.1% | 2,000€ | No filing for 2024. | -6,272€ | -313.6% | 0 | — |
| 1226 | Polako Dreams03513351 · Podgorica | <0.1% | 2,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,047€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 2,166€ |
| 1227 | 3of503538613 · Podgorica | <0.1% | 1,985€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,610€ | -333.0% | 1 | 678€ |
| 1228 | Appricos03566366 · Podgorica | <0.1% | 1,958€ | +187.9% | -9,389€ | -479.5% | 1 | 927€ |
| 1229 | DSTV Multimedia03715744 · Podgorica | <0.1% | 1,915€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,432€ | -492.5% | 1 | 678€ |
| 1230 | Fiveset03523365 · Budva | <0.1% | 1,900€ | +533.3% | -10,532€ | -554.3% | 1 | 928€ |
| 1231 | Lumio03771148 · Podgorica | <0.1% | 1,856€ | No filing for 2024. | 417€ | 22.5% | 1 | — |
| 1232 | PM Estate03424111 · Podgorica | <0.1% | 1,830€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,418€ | -514.6% | 1 | 922€ |
| 1233 | Monte Webium03386848 · Tivat | <0.1% | 1,800€ | -55.0% | -6,456€ | -358.7% | 1 | 678€ |
| 1234 | 3M Electronics03281698 · Budva | <0.1% | 1,800€ | -33.3% | -7,698€ | -427.7% | 1 | 677€ |
| 1235 | Stereofutura03801748 · Podgorica | <0.1% | 1,798€ | No filing for 2024. | -2,183€ | -121.4% | 1 | 327€ |
| 1236 | NSG Soft03555232 · Budva | <0.1% | 1,728€ | -94.0% | -27,113€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 718€ |
| 1237 | Slobodix03778363 · Podgorica | <0.1% | 1,720€ | No filing for 2024. | -1,886€ | -109.7% | 1 | — |
| 1238 | FGHT SW03441741 · Budva | <0.1% | 1,680€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,212€ | -429.3% | 1 | 677€ |
| 1239 | MRT Process Technologies03490653 · Podgorica | <0.1% | 1,635€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,275€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,531€ |
| 1240 | Passenger Technology03627233 · Budva | <0.1% | 1,613€ | No filing for 2024. | -6,940€ | -430.3% | 1 | 677€ |
| 1241 | Platform Montenegro Software03513980 · Bar | <0.1% | 1,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,529€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 790€ |
| 1242 | Zimmer Soft03427005 · Herceg Novi | <0.1% | 1,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,430€ | -464.4% | 1 | 677€ |
| 1243 | Koshkin03003353 · Bar | <0.1% | 1,600€ | -55.8% | -6,598€ | -412.4% | 1 | 678€ |
| 1244 | Sinehus03308006 · Budva | <0.1% | 1,600€ | -92.0% | -12,878€ | -804.9% | 1 | 677€ |
| 1245 | Best Supermarket03555011 · Herceg Novi | <0.1% | 1,560€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,779€ | -498.7% | 1 | 678€ |
| 1246 | Shkatulka-Nev03713318 · Herceg Novi | <0.1% | 1,552€ | No filing for 2024. | -5,713€ | -368.1% | 1 | 487€ |
| 1247 | SK Solutions03419908 · Tivat | <0.1% | 1,550€ | -78.4% | -9,664€ | -623.5% | 1 | 922€ |
| 1248 | Adriatic Soft03382028 · Podgorica | <0.1% | 1,500€ | +809.1% | -8,462€ | -564.1% | 1 | 875€ |
| 1249 | Athomia03728056 · Podgorica | <0.1% | 1,500€ | No filing for 2024. | -4,786€ | -319.1% | 1 | 522€ |
| 1250 | Desi Europe03713857 · Podgorica | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,421€ | -894.7% | 1 | 1,243€ |