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 1301–1350 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* |
|---|
| 1301 | Winslow & Lanier Global Partners03686221 · Podgorica | <0.1% | 500€ | +9.9% | -3€ | -0.6% | 1 | — |
| 1302 | Montenegro TV Media03179630 · Podgorica | <0.1% | 464€ | -94.6% | -9,071€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1303 | Bvmsoft Co03558819 · Podgorica | <0.1% | 447€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,691€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1304 | Dubinin Development03565190 · Podgorica | <0.1% | 436€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,702€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1305 | Bytecare03800857 · Podgorica | <0.1% | 434€ | No filing for 2024. | 152€ | 35.0% | 1 | — |
| 1306 | Zalmor & Kauffman03436896 · Podgorica | <0.1% | 423€ | +504.3% | -10,417€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 1307 | Knowcoding03725871 · Budva | <0.1% | 404€ | No filing for 2024. | -9,958€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 794€ |
| 1308 | Stellar-Soft03732215 · Bar | <0.1% | 396€ | No filing for 2024. | -6,335€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 504€ |
| 1309 | Oriens Technology03330320 · Herceg Novi | <0.1% | 377€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,767€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 654€ |
| 1310 | Amika Montenegro03546527 · Podgorica | <0.1% | 300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,155€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1311 | Gallery of Business03483991 · Herceg Novi | <0.1% | 300€ | -65.2% | -10,944€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1312 | Native Web03372472 · Budva | <0.1% | 300€ | -84.6% | -8,717€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 1313 | Caelus Mne03431002 · Budva | <0.1% | 273€ | -94.3% | -7,885€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 1314 | Prime THRYM Studio03704980 · Podgorica | <0.1% | 250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,986€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 922€ |
| 1315 | Sunsay Monte03409759 · Budva | <0.1% | 243€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,716€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 916€ |
| 1316 | Arionta Technology03146324 · Herceg Novi | <0.1% | 228€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,631€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1317 | Adriatic Digital03665682 · Podgorica | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,085€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 765€ |
| 1318 | Max It03427358 · Budva | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,900€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 1319 | Indapp03520790 · Tivat | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,377€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 685€ |
| 1320 | Goldenrock Montenegro03719669 · Budva | <0.1% | 180€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,789€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 1321 | Uniswap03382125 · Herceg Novi | <0.1% | 150€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,321€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 983€ |
| 1322 | Sigma Internet Services and Consultancy03453758 · Podgorica | <0.1% | 148€ | -99.9% | -12,068€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 674€ |
| 1323 | Full Stack Studio03765059 · Podgorica | <0.1% | 120€ | No filing for 2024. | -1,659€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1324 | Mironpak03153908 · Herceg Novi | <0.1% | 100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,747€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 560€ |
| 1325 | Pink Fox03694445 · Kotor | <0.1% | 99€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,048€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 1326 | Wideluxccode03490556 · Budva | <0.1% | 95€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,140€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1327 | Star Online Trade03218228 · Budva | <0.1% | 90€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,946€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1328 | Prtech Solutions03438538 · Budva | <0.1% | 62€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,459€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 784€ |
| 1329 | Biznis Andjeo03162664 · Podgorica | <0.1% | 61€ | -38.4% | -1,980€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1330 | Meta Mne03406571 · Herceg Novi | <0.1% | 60€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,958€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 1331 | Erp Business Solutions03221334 · Podgorica | <0.1% | 55€ | -100.0% | -16,936€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 956€ |
| 1332 | Faberlic-Action03374823 · Herceg Novi | <0.1% | 46€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,263€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1333 | PRLTS03524523 · Tivat | <0.1% | 39€ | +680.0% | -13,113€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 973€ |
| 1334 | Happyplace03470288 · Podgorica | <0.1% | 35€ | -90.3% | -3,709€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1335 | Zuzalu03553566 · Tivat | <0.1% | 34€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,140€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 424€ |
| 1336 | Zlatna Planina03605175 · Podgorica | <0.1% | 29€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,134€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1337 | Chednt03523012 · Herceg Novi | <0.1% | 27€ | +237.5% | -12,265€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 1338 | Forumpay03703959 · Podgorica | <0.1% | 15€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,693€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,718€ |
| 1339 | Underwater CG03580784 · Cetinje | <0.1% | 13€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,483€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 1340 | Valhalla Digital03655431 · Podgorica | <0.1% | 10€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,554€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1341 | Liberal Communication03137082 · Podgorica | <0.1% | 9€ | +800.0% | -6,738€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 373€ |
| 1342 | Creepy Garden03502406 · Kotor | <0.1% | 8€ | -99.7% | -12,550€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 1343 | It Home Bsa03545610 · Podgorica | <0.1% | 8€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,174€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1344 | Vraxis03293688 · Herceg Novi | <0.1% | 7€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,389€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1345 | Spinno03806405 · Podgorica | <0.1% | 7€ | No filing for 2024. | -19,479€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1346 | Fullstack Tehnologije03229700 · Podgorica | <0.1% | 4€ | -100.0% | -3,600€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1347 | Dico03541312 · Ulcinj | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,688€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 742€ |
| 1348 | Medittrade03416429 · Podgorica | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,855€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1349 | Techcrowd03624617 · Bar | <0.1% | 1€ | 0.0% | -1€ | -100.0% | 1 | — |
| 1350 | Abn Markets PTY03378896 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |