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 1751–1800 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* |
|---|
| 1751 | Monte Pro-Tech03047083 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,130€ | — | 1 | — |
| 1752 | Itc03011445 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,618€ | — | 1 | 1,329€ |
| 1753 | Montecoast03059294 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,910€ | — | 1 | 926€ |
| 1754 | Temashdesign03067106 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,182€ | — | 1 | — |
| 1755 | Clever Tech03276341 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,163€ | — | 1 | 926€ |
| 1756 | Goldenwood International03582132 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,034€ | — | 1 | — |
| 1757 | Kararman Design03744353 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,191€ | — | 2 | 466€ |
| 1758 | 1912 Monte03484467 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,226€ | — | 1 | 678€ |
| 1759 | Adriatica Consulting03324958 · Herceg Novi | 0.0% | 0€ | -100.0% | -8,308€ | — | 1 | 675€ |
| 1760 | CTRLZ Graphics03464334 · Tivat | 0.0% | 0€ | -100.0% | -23,652€ | — | 1 | 1,829€ |
| 1761 | Fortis Flumine03317056 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,067€ | — | 1 | — |
| 1762 | Georgiy-N03362370 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,650€ | — | 1 | 675€ |
| 1763 | Innovative Minds CO.03527107 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,351€ | — | 1 | — |
| 1764 | It Popler03464393 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,131€ | — | 1 | 678€ |
| 1765 | Katunik03416836 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,231€ | — | 1 | 677€ |
| 1766 | Lerta03529037 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,439€ | — | 1 | 678€ |
| 1767 | Magnolia Montenegro03772276 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,066€ | — | 1 | 339€ |
| 1768 | Mikhail-N03359654 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,370€ | — | 1 | 675€ |
| 1769 | Natali Monte Studio03784894 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,700€ | — | 1 | — |
| 1770 | Nnmonte-Sportech03520153 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,945€ | — | 3 | 636€ |
| 1771 | Protit03437256 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,226€ | — | 1 | 675€ |
| 1772 | Ratio Sistem03425002 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,346€ | — | 1 | 678€ |
| 1773 | Sergey-N03359590 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,702€ | — | 1 | 922€ |
| 1774 | Silenus Capital03417816 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,128€ | — | 1 | 675€ |
| 1775 | Sokolovsas03353214 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,216€ | — | 1 | 927€ |
| 1776 | Tara Mantra03384047 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,072€ | — | 1 | 1,341€ |
| 1777 | Ufa03325121 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,230€ | — | 1 | 677€ |
| 1778 | Ivsolution Monte03246256 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,914€ | — | 1 | 929€ |
| 1779 | Creative Site03055337 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,082€ | — | 1 | — |
| 1780 | DS-Analytics03604381 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,227€ | — | 1 | 926€ |
| 1781 | Dvrnet03676820 | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2€ | — | 1 | — |
| 1782 | E-Bash Service03472515 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1783 | Edu Anmika03253155 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,239€ | — | 1 | 678€ |
| 1784 | Egean Software03172465 · Podgorica | 0.0% | 0€ | -100.0% | -11,841€ | — | 1 | 929€ |
| 1785 | Ekamaximus03494403 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,329€ | — | 1 | 677€ |
| 1786 | Elan.Com.Meelan020503424014 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,210€ | — | 1 | 677€ |
| 1787 | Elegance03124878 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 1788 | Elypse Consulting03441628 · Podgorica | 0.0% | 0€ | -100.0% | -127€ | — | 1 | — |
| 1789 | Energoprojekt Energodata Montenegro02463652 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1790 | Epikat03105148 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,180€ | — | 1 | 677€ |
| 1791 | Eternal Group03674401 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,149€ | — | 1 | 678€ |
| 1792 | Eyegym International03225038 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,307€ | — | 2 | 999€ |
| 1793 | Eysak03449360 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,261€ | — | 1 | 677€ |
| 1794 | FGM It03462811 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,948€ | — | 1 | 676€ |
| 1795 | Fieldco Software03590623 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1796 | Firemill03740854 · Podgorica | 0.0% | 0€ | No filing for 2024. | -9,649€ | — | 2 | 401€ |
| 1797 | Foodyness03470245 · Podgorica | 0.0% | 0€ | -100.0% | -2,013€ | — | 1 | — |
| 1798 | Freefess Software03478114 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,091€ | — | 1 | 1,161€ |
| 1799 | Fun Apps03509010 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,191€ | — | 1 | 675€ |
| 1800 | Galushko Company03415198 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,257€ | — | 1 | 1,675€ |