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 1901–1939 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* |
|---|
| 1901 | Seoizm03685314 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1902 | Seomonte03675513 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,096€ | — | 1 | 1,425€ |
| 1903 | Severgrin Design03637522 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,245€ | — | 1 | 1,354€ |
| 1904 | Sigitovich Solutions03490157 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,247€ | — | 1 | 678€ |
| 1905 | Simge Group03725383 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,582€ | — | 1 | 535€ |
| 1906 | Simulacrum03408299 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,054€ | — | 1 | — |
| 1907 | Siriustelecom03291286 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,155€ | — | 1 | 677€ |
| 1908 | Software Development Solutions03416445 · Budva | 0.0% | 0€ | -100.0% | -12,179€ | — | 1 | 922€ |
| 1909 | Sol Consult03271404 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,218€ | — | 1 | 677€ |
| 1910 | Spirit of Montenegro03760464 · Bar | 0.0% | 0€ | No filing for 2024. | -9,656€ | — | 1 | 797€ |
| 1911 | SR Arts03714454 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,746€ | — | 1 | — |
| 1912 | Starkinc03630617 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,688€ | — | 3 | 677€ |
| 1913 | Station Point Group03321436 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,566€ | — | 1 | 678€ |
| 1914 | Stock Waves03712036 · Budva | 0.0% | 0€ | No filing for 2024. | -6,690€ | — | 1 | 558€ |
| 1915 | SV Soft-Bar03529142 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,308€ | — | 1 | 758€ |
| 1916 | Teamdev Europe03037371 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,241€ | — | 1 | 678€ |
| 1917 | Tech Software Systems03792838 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,003€ | — | 1 | — |
| 1918 | Testino Software03653714 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,270€ | — | 1 | 586€ |
| 1919 | Timalex03715019 · Budva | 0.0% | 0€ | No filing for 2024. | -4,989€ | — | 1 | 405€ |
| 1920 | Ting Unlimited03556344 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,354€ | — | 1 | 1,273€ |
| 1921 | Tungay Marketing03786366 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,031€ | — | 1 | — |
| 1922 | Ucabus03551547 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,585€ | — | 1 | 1,125€ |
| 1923 | Uppa Software03737713 · Budva | 0.0% | 0€ | No filing for 2024. | -16,037€ | — | 1 | 1,277€ |
| 1924 | V and V03376923 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,257€ | — | 1 | 678€ |
| 1925 | Vartex Consulting Group03783260 · Cetinje | 0.0% | 0€ | No filing for 2024. | -984€ | — | 1 | — |
| 1926 | Viator Investment & Advisory LTD03526887 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,577€ | — | 1 | 1,284€ |
| 1927 | Vistawave03667057 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,361€ | — | 2 | 678€ |
| 1928 | Vladicom Me03425347 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,098€ | — | 1 | 1,192€ |
| 1929 | Vladimirov Dev Club03484742 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,501€ | — | 1 | 731€ |
| 1930 | Voxel03422151 · Tivat | 0.0% | 0€ | -100.0% | -12,489€ | — | 1 | 926€ |
| 1931 | Webberry03526151 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1932 | Webmaren03062287 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,652€ | — | 1 | 929€ |
| 1933 | Winex Markets Tech03315860 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,575€ | — | 1 | 338€ |
| 1934 | Woitech Technology03577546 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,525€ | — | 1 | 675€ |
| 1935 | Yaskee03481875 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1936 | Yazoo03754944 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,034€ | — | 0 | — |
| 1937 | Yocha03544133 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,695€ | — | 1 | 622€ |
| 1938 | Zajcev Life03221539 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,383€ | — | 1 | — |
| 1939 | Zlata Ografia03415414 · Bar | 0.0% | 0€ | -100.0% | -12,777€ | — | 1 | 924€ |