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 1501–1550 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* |
|---|
| 1501 | Evavel It Solutions03423395 · Budva | 0.0% | 0€ | -100.0% | -11,747€ | — | 1 | 859€ |
| 1502 | Exler Online03726967 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,839€ | — | 2 | 304€ |
| 1503 | Expert - Service It03292207 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,905€ | — | 1 | 651€ |
| 1504 | Nap03726126 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,752€ | — | 1 | 639€ |
| 1505 | Fabian Dittrich Helpando.It03401979 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1506 | Farm Iq03795756 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,311€ | — | 1 | — |
| 1507 | Felicita Fabrique03327167 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,164€ | — | 1 | 677€ |
| 1508 | Filippov Softdev03464148 · Budva | 0.0% | 0€ | -100.0% | -14,373€ | — | 1 | 765€ |
| 1509 | Finansman03730085 · Budva | 0.0% | 0€ | No filing for 2024. | -6,607€ | — | 0 | — |
| 1510 | Fomenko Company03673073 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1511 | Fora Solutions03790053 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -1,477€ | — | 1 | — |
| 1512 | Forta03439992 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,069€ | — | 1 | 670€ |
| 1513 | Four Cats Consulting03646262 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1514 | Fpstudios03654630 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1515 | Frankea03469387 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,299€ | — | 1 | 678€ |
| 1516 | Freya For You03765547 · Budva | 0.0% | 0€ | No filing for 2024. | -4,106€ | — | 0 | — |
| 1517 | Fundia03570428 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,148€ | — | 1 | — |
| 1518 | Geamodul03511553 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,719€ | — | 1 | 677€ |
| 1519 | Geokupp03758168 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -3,326€ | — | 1 | — |
| 1520 | Gigatech03511022 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1521 | Global Mind03464318 · Budva | 0.0% | 0€ | -100.0% | -37,005€ | — | 1 | 2,350€ |
| 1522 | Globalstar Montenegro03186873 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,510€ | — | 1 | 551€ |
| 1523 | Go4adventure03471365 · Podgorica | 0.0% | 0€ | -100.0% | -2,024€ | — | 1 | — |
| 1524 | Goncharov Group03673839 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,687€ | — | 1 | 929€ |
| 1525 | Good Enough03797821 · Bijelo Polje | 0.0% | 0€ | No filing for 2024. | -641€ | — | 1 | — |
| 1526 | Gopherdev03757935 · Bar | 0.0% | 0€ | No filing for 2024. | -3,819€ | — | 1 | 318€ |
| 1527 | Gosaresio03485765 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,771€ | — | 1 | 924€ |
| 1528 | Gozka03387348 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,296€ | — | 1 | 1,355€ |
| 1529 | Gravitysource03449319 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -58,797€ | — | 2 | 929€ |
| 1530 | H2li03302628 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,923€ | — | 1 | 926€ |
| 1531 | Haikian03680070 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,808€ | — | 1 | 895€ |
| 1532 | Happy Sparrow03484254 · Budva | 0.0% | 0€ | -100.0% | -12,557€ | — | 1 | 972€ |
| 1533 | Hast03425550 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,200€ | — | 1 | 675€ |
| 1534 | Have Fun03215199 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,207€ | — | 1 | 676€ |
| 1535 | Hazpro03423263 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,358€ | — | 1 | 678€ |
| 1536 | Health Samurai Montenegro03418472 · Budva | 0.0% | 0€ | -100.0% | -268,005€ | — | 6 | 2,108€ |
| 1537 | Hipcode Technology03335674 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,603€ | — | 2 | 678€ |
| 1538 | HRV-Science03464091 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,157€ | — | 1 | 926€ |
| 1539 | Idolme.Agency03278743 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,221€ | — | 1 | 1,341€ |
| 1540 | Ima Solutions03773418 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,304€ | — | 1 | — |
| 1541 | Inffront03446697 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,931€ | — | 1 | 916€ |
| 1542 | Infinite Finitely03486419 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,779€ | — | 1 | 675€ |
| 1543 | Info Tech Development03620239 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,214€ | — | 1 | 675€ |
| 1544 | Intellectone03354938 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,945€ | — | 1 | — |
| 1545 | Invictus Group03618129 · Podgorica | 0.0% | 0€ | -100.0% | -12,847€ | — | 1 | 671€ |
| 1546 | Invision03560538 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1547 | Ipets03530540 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,951€ | — | 1 | — |
| 1548 | Irn Tech03690245 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1549 | Irynaporecie03720047 · Bar | 0.0% | 0€ | No filing for 2024. | -8,077€ | — | 1 | 670€ |
| 1550 | It Business Solutions03499391 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,885€ | — | 1 | 1,224€ |