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 251–300 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* |
|---|
| 251 | 3a Consulting03418391 · Tivat | <0.1% | 155,056€ | -26.9% | 49,366€ | 31.8% | 4 | 1,194€ |
| 252 | Paidt03592146 · Podgorica | <0.1% | 154,169€ | +1,027,693.3% | -69,985€ | -45.4% | 4 | 1,883€ |
| 253 | Bearhost03272303 · Bijelo Polje | <0.1% | 153,668€ | -12.9% | 21,116€ | 13.7% | 6 | 965€ |
| 254 | Wireless Media02666626 · Podgorica | <0.1% | 152,300€ | +18.8% | 11,487€ | 7.5% | 5 | 1,328€ |
| 255 | Brogames Montenegro03421724 · Bar | <0.1% | 149,530€ | +975.8% | -2,081€ | -1.4% | 2 | 752€ |
| 256 | Vicman.Me03432599 · Podgorica | <0.1% | 149,502€ | -3.5% | 4,241€ | 2.8% | 14 | 812€ |
| 257 | BD Software03417140 · Budva | <0.1% | 149,491€ | -10.4% | -18,601€ | -12.4% | 14 | 694€ |
| 258 | Digitalden11073158 · Podgorica | <0.1% | 149,445€ | +8.2% | 0€ | 0.0% | 0 | — |
| 259 | Matveenko03546047 · Podgorica | <0.1% | 146,366€ | +33.1% | -4,577€ | -3.1% | 1 | 10,243€ |
| 260 | Hemera Tech02699052 · Podgorica | <0.1% | 144,030€ | +31.8% | 2,045€ | 1.4% | 2 | 2,520€ |
| 261 | Asp Co02904683 · Herceg Novi | <0.1% | 143,944€ | -11.3% | -729€ | -0.5% | 3 | 559€ |
| 262 | Them03159302 · Mojkovac | <0.1% | 142,201€ | -0.7% | 2,991€ | 2.1% | 6 | 1,760€ |
| 263 | Kolpak03215946 · Bar | <0.1% | 140,770€ | +222.4% | 51,740€ | 36.8% | 1 | 910€ |
| 264 | Tau Systems03074480 · Podgorica | <0.1% | 140,679€ | +11.0% | 5,637€ | 4.0% | 1 | 1,536€ |
| 265 | Dial Mne03281876 · Podgorica | <0.1% | 140,042€ | +118.2% | -9,622€ | -6.9% | 1 | 902€ |
| 266 | Devcor03376788 · Bijelo Polje | <0.1% | 139,902€ | +5.6% | 21,441€ | 15.3% | 6 | 1,542€ |
| 267 | Recrewty03505162 · Podgorica | <0.1% | 139,457€ | +80.1% | 1,717€ | 1.2% | 4 | 1,930€ |
| 268 | Brsupport03729966 · Podgorica | <0.1% | 139,412€ | No filing for 2024. | -13,466€ | -9.7% | 5 | 966€ |
| 269 | Bubamaraonline03745449 · Herceg Novi | <0.1% | 138,911€ | No filing for 2024. | 38,534€ | 27.7% | 3 | 2,235€ |
| 270 | Lona Trade02752646 · Ulcinj | <0.1% | 138,857€ | +7.7% | 46,158€ | 33.2% | 3 | 675€ |
| 271 | Stedeus Consulting03507840 · Berane | <0.1% | 137,563€ | +26.4% | -26,016€ | -18.9% | 5 | 2,681€ |
| 272 | Search Tag03573486 · Danilovgrad | <0.1% | 137,385€ | +2,732.7% | 581€ | 0.4% | 1 | 381€ |
| 273 | Codemine03403912 · Pljevlja | <0.1% | 135,110€ | -54.0% | -2,562€ | -1.9% | 5 | 1,933€ |
| 274 | Slap It03411893 · Podgorica | <0.1% | 134,014€ | +33.1% | 62,663€ | 46.8% | 4 | 693€ |
| 275 | Alta Soft03427480 · Budva | <0.1% | 133,800€ | +89.4% | 3,282€ | 2.5% | 2 | 705€ |
| 276 | Globalit03417492 · Podgorica | <0.1% | 133,251€ | -25.6% | -4,292€ | -3.2% | 1 | 678€ |
| 277 | M Portal03414183 · Podgorica | <0.1% | 133,058€ | -0.1% | 9,876€ | 7.4% | 2 | 3,808€ |
| 278 | Jadrobeat03594645 · Tivat | <0.1% | 132,151€ | +48.7% | 52€ | 0.0% | 1 | 2,463€ |
| 279 | Sapiens Solutions02961911 · Nikšić | <0.1% | 130,780€ | -2.1% | 33,959€ | 26.0% | 2 | 1,577€ |
| 280 | Codingo03066258 · Podgorica | <0.1% | 130,330€ | +296.6% | 69,146€ | 53.1% | 2 | 1,514€ |
| 281 | Tosolution03633977 · Podgorica | <0.1% | 129,448€ | +12.6% | 4,013€ | 3.1% | 2 | 4,918€ |
| 282 | Flare Digital03556069 · Budva | <0.1% | 127,811€ | -5.2% | 85,423€ | 66.8% | 1 | 1,060€ |
| 283 | Lunapp Studio03489523 · Kotor | <0.1% | 126,916€ | -43.1% | -23,466€ | -18.5% | 1 | 835€ |
| 284 | Inquest03355586 · Podgorica | <0.1% | 126,388€ | -18.8% | 886€ | 0.7% | 1 | 1,357€ |
| 285 | Veb Centar02809419 · Kotor | <0.1% | 126,312€ | -8.2% | -3,800€ | -3.0% | 10 | 419€ |
| 286 | D3 It03353869 · Bar | <0.1% | 125,715€ | +37.3% | 3,100€ | 2.5% | 2 | 1,969€ |
| 287 | Expert Code03577180 · Podgorica | <0.1% | 125,500€ | -56.7% | -37,795€ | -30.1% | 14 | 659€ |
| 288 | Datalink02147459 · Podgorica | <0.1% | 124,906€ | -9.0% | 31€ | 0.0% | 2 | 750€ |
| 289 | Proventum03612082 · Podgorica | <0.1% | 124,768€ | -32.6% | 271€ | 0.2% | 1 | — |
| 290 | Volimtech03331032 · Kotor | <0.1% | 124,533€ | +45.4% | 1,916€ | 1.5% | 5 | 730€ |
| 291 | Westend Software03270998 · Podgorica | <0.1% | 124,400€ | +3.7% | 2,152€ | 1.7% | 5 | 1,963€ |
| 292 | Bidernet03494462 · Podgorica | <0.1% | 123,893€ | -70.3% | -40,522€ | -32.7% | 1 | 3,213€ |
| 293 | Kinana03513173 · Podgorica | <0.1% | 123,380€ | +2.1% | 3,799€ | 3.1% | 2 | 4,764€ |
| 294 | Alchemy Games03463974 · Herceg Novi | <0.1% | 123,360€ | +1,453.7% | 9,462€ | 7.7% | 1 | 3,554€ |
| 295 | Digitalvalues03441652 · Ulcinj | <0.1% | 122,814€ | -8.6% | 8,898€ | 7.2% | 2 | 3,121€ |
| 296 | Elmon02650983 · Podgorica | <0.1% | 121,998€ | +10.9% | 8,654€ | 7.1% | 3 | 829€ |
| 297 | Le Karasique03436403 · Herceg Novi | <0.1% | 121,376€ | -23.7% | -25,904€ | -21.3% | 1 | 678€ |
| 298 | Asw - Inženjering03341208 · Podgorica | <0.1% | 120,000€ | +2,764.6% | 105,602€ | 88.0% | 1 | — |
| 299 | Ing-Pro02300605 · Podgorica | <0.1% | 119,777€ | +21.7% | 63,999€ | 53.4% | 1 | 677€ |
| 300 | It Works02945444 · Nikšić | <0.1% | 117,926€ | +54.2% | 28,929€ | 24.5% | 2 | 2,166€ |