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 1701–1750 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* |
|---|
| 1701 | Utap Consulting03492354 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,624€ | — | 1 | 677€ |
| 1702 | Valisa.Al03532178 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1703 | Vcreativity03085180 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1704 | Ventura Itc03808238 · Berane | 0.0% | 0€ | No filing for 2024. | -1,246€ | — | 1 | — |
| 1705 | Verstaapen Studio03494942 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,993€ | — | 1 | 926€ |
| 1706 | Vip Montenegro03089118 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,172€ | — | 1 | — |
| 1707 | Vision Play Sport Labs03800679 · Nikšić | 0.0% | 0€ | No filing for 2024. | -1,604€ | — | 1 | — |
| 1708 | Visual Works Company03636453 · Podgorica | 0.0% | 0€ | -100.0% | -16,398€ | — | 1 | 1,197€ |
| 1709 | Vivid Center03605671 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,384€ | — | 1 | 938€ |
| 1710 | Volee Technologies Ou03513572 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1711 | Vrmac Softver03675203 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,312€ | — | 1 | 678€ |
| 1712 | Wdevelopers03472027 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,954€ | — | 1 | 826€ |
| 1713 | Web Tech Solutions03682234 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,820€ | — | 1 | 670€ |
| 1714 | We Digitalize03622754 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,160€ | — | 1 | 675€ |
| 1715 | Wedoit03583325 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,142€ | — | 1 | 927€ |
| 1716 | White Noise03528561 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,241€ | — | 1 | 678€ |
| 1717 | White Tulip03447898 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,102€ | — | 1 | 675€ |
| 1718 | Wialon03380718 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 335€ |
| 1719 | Winamore Worldwide03778495 · Budva | 0.0% | 0€ | No filing for 2024. | -2,479€ | — | 1 | — |
| 1720 | With It Partnership03490955 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,159€ | — | 1 | 678€ |
| 1721 | Wonder JS03439534 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,894€ | — | 1 | 677€ |
| 1722 | Worksync03786765 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,985€ | — | 1 | 622€ |
| 1723 | Xadi02927802 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,658€ | — | 1 | 636€ |
| 1724 | X Tech Montenegro03420272 · Podgorica | 0.0% | 0€ | -100.0% | -74,377€ | — | 5 | 864€ |
| 1725 | Yabanji03534596 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,526€ | — | 2 | 647€ |
| 1726 | Yakimant Limited03434389 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,893€ | — | 1 | 677€ |
| 1727 | Yasu03648826 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,990€ | — | 1 | 670€ |
| 1728 | Your Expert03467856 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,692€ | — | 1 | 926€ |
| 1729 | Oblak Tehnologije03437477 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,193€ | — | 1 | 766€ |
| 1730 | Svetovid Sistemi03764877 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,645€ | — | 1 | 659€ |
| 1731 | Design Mira03799549 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -621€ | — | 2 | — |
| 1732 | Lille Corp03775330 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -2,210€ | — | 1 | — |
| 1733 | Aria Yazilim03741958 · Podgorica | 0.0% | 0€ | No filing for 2024. | -29,965€ | — | 5 | 499€ |
| 1734 | Medibear03617599 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,084€ | — | 1 | — |
| 1735 | Technotactic03326080 · Bijelo Polje | 0.0% | 0€ | -100.0% | -2,276€ | — | 1 | — |
| 1736 | Cattv02444160 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 337€ |
| 1737 | Globel Team03325334 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,985€ | — | 1 | 983€ |
| 1738 | Rocklt03267814 · Bar | 0.0% | 0€ | -100.0% | -8,964€ | — | 1 | 678€ |
| 1739 | Purple Gora03318486 · Budva | 0.0% | 0€ | -100.0% | -8,123€ | — | 1 | 677€ |
| 1740 | Pushkarev Consulting03393402 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,227€ | — | 1 | 678€ |
| 1741 | Dobrix Design03319482 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,163€ | — | 1 | 677€ |
| 1742 | Zensdev03647285 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,657€ | — | 2 | 891€ |
| 1743 | Zeya Limited03536416 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,181€ | — | 1 | 678€ |
| 1744 | Zirion03747468 · Budva | 0.0% | 0€ | No filing for 2024. | -4,155€ | — | 1 | 346€ |
| 1745 | ZNZ Digital Solutions03697258 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 1746 | Thrill Me03753646 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -9,511€ | — | 2 | 396€ |
| 1747 | Handycraft03007898 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,877€ | — | 1 | 677€ |
| 1748 | Java Software Developer03495507 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,463€ | — | 1 | 675€ |
| 1749 | Space Themes03261107 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,171€ | — | 1 | 677€ |
| 1750 | Mobimedia02623781 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |