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 1401–1450 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* |
|---|
| 1401 | Data Hive03799832 · Podgorica | 0.0% | 0€ | No filing for 2024. | -313€ | — | 0 | — |
| 1402 | Desert Bridge Partners03719448 · Bar | 0.0% | 0€ | -100.0% | -7,884€ | — | 1 | 547€ |
| 1403 | Devonly03637425 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,199€ | — | 1 | 678€ |
| 1404 | DGTL Capital Me03250652 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,355€ | — | 1 | 677€ |
| 1405 | D Markoff03516857 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,106€ | — | 1 | 676€ |
| 1406 | Dobri Ljudi03291588 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 670€ |
| 1407 | 3D-Logicus03476251 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,176€ | — | 1 | 677€ |
| 1408 | A3 Digital03784908 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -2,305€ | — | 1 | — |
| 1409 | A3i Montenegro03557928 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,108€ | — | 1 | 923€ |
| 1410 | Aardvark Consulting03521621 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,046€ | — | 2 | — |
| 1411 | Able Ing03553345 · Podgorica | 0.0% | 0€ | -100.0% | -4,033€ | — | 1 | 339€ |
| 1412 | Adf Company03428362 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,491€ | — | 1 | 677€ |
| 1413 | Adriafort03714179 · Podgorica | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 1414 | Adriatic It Accoord03462749 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,064€ | — | 1 | 678€ |
| 1415 | Agilegene03452905 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1416 | Aglince03424758 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,108€ | — | 1 | 675€ |
| 1417 | Aht Consulting03580903 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,833€ | — | 1 | 653€ |
| 1418 | Aircash Me03734927 · Podgorica | 0.0% | 0€ | No filing for 2024. | -10,631€ | — | 1 | 665€ |
| 1419 | Air Data03783359 · Cetinje | 0.0% | 0€ | No filing for 2024. | -3,584€ | — | 2 | — |
| 1420 | Akil Consultancy and Technology Solutions03228339 · Budva | 0.0% | 0€ | -100.0% | -9,660€ | — | 1 | 676€ |
| 1421 | Alekstar03787656 · Budva | 0.0% | 0€ | No filing for 2024. | -1,681€ | — | 1 | — |
| 1422 | Alexverateam03761584 · Budva | 0.0% | 0€ | No filing for 2024. | -4,167€ | — | 1 | 303€ |
| 1423 | Alezkv03491706 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,466€ | — | 1 | 710€ |
| 1424 | Allerty Mne03483550 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,017€ | — | 1 | — |
| 1425 | Alpha Technologies03500098 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,197€ | — | 1 | 678€ |
| 1426 | Alter Vision03577899 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,015€ | — | 1 | 677€ |
| 1427 | Ammdal03498123 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1428 | Ampetrov Studio03454029 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,088€ | — | 1 | — |
| 1429 | Arcane Code Labs03719294 · Budva | 0.0% | 0€ | No filing for 2024. | -5,049€ | — | 1 | 373€ |
| 1430 | Arcane Cube Entertainment03548295 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,535€ | — | 1 | 677€ |
| 1431 | Arctic 703442586 · Podgorica | 0.0% | 0€ | -100.0% | -75,286€ | — | 1 | 4,651€ |
| 1432 | Arsvidens03599248 · Budva | 0.0% | 0€ | -100.0% | -12,252€ | — | 1 | 937€ |
| 1433 | Artlemon Digital Service03688399 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,317€ | — | 1 | 929€ |
| 1434 | Atakama03336395 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,066€ | — | 1 | 916€ |
| 1435 | Aumsoft03770451 · Budva | 0.0% | 0€ | No filing for 2024. | -3,085€ | — | 1 | — |
| 1436 | Avangard Andrianova03456331 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,619€ | — | 1 | 670€ |
| 1437 | Avk Studio03568202 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,176€ | — | 1 | 675€ |
| 1438 | Ayon Technology03232298 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,196€ | — | 1 | 922€ |
| 1439 | Ayos Softver03751406 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,905€ | — | 1 | 429€ |
| 1440 | Balkan Information Technologies03474704 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,107€ | — | 1 | 675€ |
| 1441 | Barakuda Milija03806804 · Berane | 0.0% | 0€ | No filing for 2024. | -750€ | — | 1 | — |
| 1442 | Bartho Internet Technologies03418995 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1443 | Bay Area Software03548449 · Budva | 0.0% | 0€ | -100.0% | -8,972€ | — | 1 | 677€ |
| 1444 | Beda Software Adriatic03422976 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1445 | Be Found Group03326730 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1446 | Bilge Sude03592251 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1447 | Bilinguist03578321 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,823€ | — | 1 | 338€ |
| 1448 | Bima03352641 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,209€ | — | 1 | 675€ |
| 1449 | Binbot03372880 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,239€ | — | 1 | 927€ |
| 1450 | Black Mountains Owls03736253 · Budva | 0.0% | 0€ | No filing for 2024. | -6,954€ | — | 0 | — |