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 201–250 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* |
|---|
| 201 | Minmedia02435381 · Budva | <0.1% | 232,657€ | +32.0% | 16,248€ | 7.0% | 7 | 765€ |
| 202 | Montepro.Me03291987 · Bar | <0.1% | 232,153€ | +117.6% | 341€ | 0.1% | 17 | 692€ |
| 203 | Red Beetle Security03298612 · Podgorica | <0.1% | 230,381€ | -1.2% | 161,758€ | 70.2% | 2 | 1,381€ |
| 204 | Ayox03797252 · Podgorica | <0.1% | 229,008€ | No filing for 2024. | -336€ | -0.1% | 3 | 730€ |
| 205 | Goldbear Technologies03367053 · Podgorica | <0.1% | 228,235€ | +7.2% | 30,331€ | 13.3% | 9 | 1,254€ |
| 206 | Oykos Development03292053 · Podgorica | <0.1% | 222,056€ | +9.7% | 44,267€ | 19.9% | 6 | 1,261€ |
| 207 | Studio DLD02400529 · Budva | <0.1% | 221,077€ | +3.3% | 1,046€ | 0.5% | 3 | 4,205€ |
| 208 | Nitech03204308 · Podgorica | <0.1% | 220,997€ | -12.9% | 28,478€ | 12.9% | 1 | 1,781€ |
| 209 | Alltechs Mne03482260 · Podgorica | <0.1% | 219,888€ | -25.7% | -6,270€ | -2.9% | 2 | 7,040€ |
| 210 | Wind02794292 · Podgorica | <0.1% | 219,795€ | -5.5% | 1,089€ | 0.5% | 6 | 1,587€ |
| 211 | GPS Solutions03267474 · Podgorica | <0.1% | 218,638€ | +26.7% | 38,496€ | 17.6% | 3 | 2,704€ |
| 212 | Idabus03388379 · Podgorica | <0.1% | 218,369€ | +5.6% | 3,507€ | 1.6% | 5 | 2,541€ |
| 213 | Nepo System03054071 · Podgorica | <0.1% | 217,044€ | +7.5% | -17,948€ | -8.3% | 9 | 719€ |
| 214 | Hermetis02947021 · Podgorica | <0.1% | 216,066€ | +61.9% | 57,673€ | 26.7% | 1 | 9,757€ |
| 215 | Gorsoft03426173 · Podgorica | <0.1% | 215,674€ | -6.2% | 16,384€ | 7.6% | 1 | 10,158€ |
| 216 | 3G Proxy03132609 · Podgorica | <0.1% | 214,876€ | -7.1% | 9,287€ | 4.3% | 1 | 7,818€ |
| 217 | Atsimulations03439453 · Herceg Novi | <0.1% | 210,947€ | +71.0% | 84,473€ | 40.0% | 1 | 1,189€ |
| 218 | Progmata Technologies03213781 · Nikšić | <0.1% | 210,644€ | -9.8% | 25,251€ | 12.0% | 3 | 2,793€ |
| 219 | Cpa02837714 · Podgorica | <0.1% | 208,082€ | -13.0% | 4,777€ | 2.3% | 2 | 1,406€ |
| 220 | MDHM Team03392503 · Berane | <0.1% | 207,990€ | +96.6% | 59,180€ | 28.5% | 6 | 1,639€ |
| 221 | Altech03255441 · Podgorica | <0.1% | 207,652€ | -9.7% | -18,788€ | -9.0% | 7 | 906€ |
| 222 | E-Fiscal GP03344843 · Podgorica | <0.1% | 206,226€ | +35.5% | 38,475€ | 18.7% | 1 | 1,608€ |
| 223 | Mils Computers02344181 · Nikšić | <0.1% | 204,353€ | -4.1% | 962€ | 0.5% | 2 | 3,409€ |
| 224 | Shuvalov Systems03464652 · Podgorica | <0.1% | 203,825€ | +57.4% | 146,857€ | 72.1% | 1 | 950€ |
| 225 | Ab - Service03636160 · Budva | <0.1% | 191,973€ | +44.2% | 2,187€ | 1.1% | 1 | 932€ |
| 226 | Rikon - Mne02857294 · Podgorica | <0.1% | 191,387€ | +4.6% | 959€ | 0.5% | 5 | 846€ |
| 227 | Cypherlink03127788 · Budva | <0.1% | 189,450€ | -8.2% | 1,427€ | 0.8% | 1 | 1,140€ |
| 228 | Naša Borba03706583 · Podgorica | <0.1% | 187,439€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 53,019€ | 28.3% | 4 | 1,669€ |
| 229 | It Advisory03359786 · Tivat | <0.1% | 186,750€ | +131.7% | 5,651€ | 3.0% | 4 | 758€ |
| 230 | Solvent Rating03074897 · Podgorica | <0.1% | 184,934€ | -14.9% | -35,776€ | -19.3% | 2 | 1,668€ |
| 231 | Quick Football Data Montenegro03357996 · Podgorica | <0.1% | 184,829€ | +115.8% | 24,479€ | 13.2% | 8 | 1,450€ |
| 232 | Datrys03152537 · Herceg Novi | <0.1% | 184,581€ | +32.6% | 15,268€ | 8.3% | 4 | 1,245€ |
| 233 | Torneto03436110 · Podgorica | <0.1% | 183,775€ | +148.7% | 20,376€ | 11.1% | 1 | 922€ |
| 234 | Haaf It Service03626261 · Ulcinj | <0.1% | 182,500€ | +3.7% | 154,635€ | 84.7% | 1 | 677€ |
| 235 | Aegis Labs03461114 · Tivat | <0.1% | 182,372€ | -2.7% | 142,840€ | 78.3% | 1 | 929€ |
| 236 | Afct03244997 · Tivat | <0.1% | 182,314€ | -29.4% | 143,996€ | 79.0% | 1 | 1,343€ |
| 237 | Kraft-Soft03432246 · Budva | <0.1% | 182,011€ | -46.1% | 48,703€ | 26.8% | 1 | 4,005€ |
| 238 | Blackdot03310825 · Podgorica | <0.1% | 179,198€ | +76.2% | 457€ | 0.3% | 4 | 2,000€ |
| 239 | Blavor03394719 · Danilovgrad | <0.1% | 179,080€ | -3.6% | 41,177€ | 23.0% | 2 | 3,339€ |
| 240 | JR03705935 · Podgorica | <0.1% | 179,058€ | +1,169.2% | 63,355€ | 35.4% | 4 | 1,719€ |
| 241 | Tech Care03355969 · Tivat | <0.1% | 173,500€ | +27.5% | 61,846€ | 35.6% | 1 | 675€ |
| 242 | Devcommit03307590 · Bijelo Polje | <0.1% | 173,016€ | -5.3% | -18,397€ | -10.6% | 3 | 2,277€ |
| 243 | Keinex03245454 · Herceg Novi | <0.1% | 169,500€ | +13.8% | 952€ | 0.6% | 1 | 13,624€ |
| 244 | Fain Tech03520846 · Podgorica | <0.1% | 167,794€ | -19.3% | 30,110€ | 17.9% | 5 | 1,666€ |
| 245 | Checkrewards03515613 · Podgorica | <0.1% | 164,267€ | +205,233.8% | 140,215€ | 85.4% | 1 | 1,206€ |
| 246 | Itdev03387119 · Podgorica | <0.1% | 163,350€ | +68.7% | 104,474€ | 64.0% | 1 | 3,658€ |
| 247 | Web Falcon03590437 · Podgorica | <0.1% | 161,151€ | +5.3% | 40,999€ | 25.4% | 5 | 1,546€ |
| 248 | Vlastela03725855 · Podgorica | <0.1% | 160,491€ | No filing for 2024. | 114,102€ | 71.1% | 1 | 1,671€ |
| 249 | Business Universal Media03097102 · Podgorica | <0.1% | 159,853€ | -29.6% | 2,332€ | 1.5% | 4 | 850€ |
| 250 | Software It Montenegro03271480 · Podgorica | <0.1% | 157,535€ | -83.8% | 3,487€ | 2.2% | 5 | 900€ |