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 301–350 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* |
|---|
| 301 | Point Solutions03652742 · Tivat | <0.1% | 117,626€ | +157.6% | 33,312€ | 28.3% | 2 | 789€ |
| 302 | Quantox Technology03373398 · Podgorica | <0.1% | 115,500€ | -60.7% | 9,419€ | 8.2% | 2 | 3,970€ |
| 303 | Pro Fuel Montenegro03578844 · Berane | <0.1% | 115,198€ | +19.3% | 23,151€ | 20.1% | 6 | 1,029€ |
| 304 | Doumo Development03433552 · Budva | <0.1% | 115,063€ | +17.5% | 37,535€ | 32.6% | 4 | 1,285€ |
| 305 | It Advanced Services02408619 · Podgorica | <0.1% | 114,537€ | +713.5% | 21,506€ | 18.8% | 2 | 2,191€ |
| 306 | Prim Soft02086824 · Nikšić | <0.1% | 114,247€ | -10.8% | 8,072€ | 7.1% | 5 | 1,618€ |
| 307 | Radnik Group03531317 · Podgorica | <0.1% | 113,395€ | +80.2% | 32,078€ | 28.3% | 3 | 874€ |
| 308 | Acme02853957 · Podgorica | <0.1% | 112,841€ | -3.2% | 1,796€ | 1.6% | 5 | 806€ |
| 309 | Approved03418707 · Podgorica | <0.1% | 111,449€ | +187.2% | 44,734€ | 40.1% | 1 | 4,552€ |
| 310 | Rowteam03438244 · Herceg Novi | <0.1% | 111,344€ | +137.8% | 77,177€ | 69.3% | 1 | 929€ |
| 311 | Proboka02460190 · Herceg Novi | <0.1% | 109,714€ | -3.8% | 3,381€ | 3.1% | 4 | 915€ |
| 312 | Capra Soft03475689 · Bar | <0.1% | 108,916€ | +0.4% | 82,452€ | 75.7% | 1 | 1,338€ |
| 313 | MDM Production03437949 · Podgorica | <0.1% | 108,500€ | +8.6% | 45,135€ | 41.6% | 1 | 2,537€ |
| 314 | 369 Processing03329925 · Podgorica | <0.1% | 107,288€ | -6.7% | 76,746€ | 71.5% | 1 | 452€ |
| 315 | Develoop03410323 · Podgorica | <0.1% | 107,163€ | -19.5% | 4,895€ | 4.6% | 1 | 7,800€ |
| 316 | Logit03428028 · Podgorica | <0.1% | 106,800€ | +9.4% | 8,101€ | 7.6% | 2 | 3,443€ |
| 317 | Simplify03536246 · Podgorica | <0.1% | 106,659€ | +135.6% | 12,006€ | 11.3% | 1 | 1,294€ |
| 318 | Artsh03440001 · Podgorica | <0.1% | 105,733€ | +37.8% | 24,872€ | 23.5% | 1 | 4,613€ |
| 319 | Nespa Enterprise Software Provider Association02342537 · Podgorica | <0.1% | 104,869€ | +19.3% | 21,661€ | 20.7% | 1 | 3,362€ |
| 320 | Cloud Montenegro02866455 · Herceg Novi | <0.1% | 103,774€ | +19.3% | 1,528€ | 1.5% | 6 | 1,164€ |
| 321 | Tussilago03373142 · Berane | <0.1% | 103,710€ | -14.3% | 5,401€ | 5.2% | 4 | 891€ |
| 322 | Restart It02829258 · Podgorica | <0.1% | 103,695€ | -9.2% | 36,681€ | 35.4% | 1 | 1,159€ |
| 323 | Tele Go03127427 · Podgorica | <0.1% | 103,450€ | +97.6% | 530€ | 0.5% | 1 | — |
| 324 | Focus02113490 · Herceg Novi | <0.1% | 103,124€ | -9.2% | 17,602€ | 17.1% | 3 | 1,389€ |
| 325 | Tali Software03434010 · Herceg Novi | <0.1% | 102,681€ | +125.0% | 47,828€ | 46.6% | 1 | 3,966€ |
| 326 | BCL Holding Ag03640949 · Herceg Novi | <0.1% | 102,553€ | +1,165.8% | -42,718€ | -41.7% | 0 | — |
| 327 | Dotenv03368220 · Podgorica | <0.1% | 101,941€ | +1.1% | 31,877€ | 31.3% | 2 | 2,311€ |
| 328 | Digital Brain03315061 · Danilovgrad | <0.1% | 101,766€ | +5.7% | 876€ | 0.9% | 4 | 834€ |
| 329 | DB Sat03102327 · Podgorica | <0.1% | 101,631€ | -23.9% | 769€ | 0.8% | 7 | 580€ |
| 330 | Fibzit03460932 · Budva | <0.1% | 101,542€ | +0.6% | 51,901€ | 51.1% | 1 | 970€ |
| 331 | Noveo Montenegro03443990 · Bar | <0.1% | 101,520€ | +110.5% | -11,481€ | -11.3% | 2 | 754€ |
| 332 | Foreach Group03281787 · Nikšić | <0.1% | 100,801€ | -7.3% | 696€ | 0.7% | 1 | 7,064€ |
| 333 | Lux Trading Firm03411630 · Tivat | <0.1% | 100,248€ | -50.3% | 9,307€ | 9.3% | 2 | 588€ |
| 334 | Oblak.Com03379582 · Podgorica | <0.1% | 100,139€ | +11.8% | 13,235€ | 13.2% | 2 | 2,140€ |
| 335 | More Tech03218465 · Podgorica | <0.1% | 100,010€ | +0.0% | 68,598€ | 68.6% | 2 | 606€ |
| 336 | Doghead Development and Consulting03519791 · Podgorica | <0.1% | 99,103€ | -4.6% | 28,821€ | 29.1% | 2 | 2,218€ |
| 337 | Epsee Montenegro02757028 · Podgorica | <0.1% | 98,368€ | +110.2% | -59,205€ | -60.2% | 1 | 4,256€ |
| 338 | Lucas Technology03120163 · Podgorica | <0.1% | 98,356€ | +63.2% | 5,191€ | 5.3% | 1 | 2,724€ |
| 339 | Fiber Engineering03434362 · Podgorica | <0.1% | 97,510€ | +27.8% | -13,703€ | -14.1% | 5 | 1,460€ |
| 340 | Podgorica Tech03399974 · Podgorica | <0.1% | 97,120€ | +53.4% | 28,671€ | 29.5% | 1 | 3,075€ |
| 341 | Monte International Telecom03482332 · Podgorica | <0.1% | 96,000€ | +12.9% | 14,511€ | 15.1% | 7 | 758€ |
| 342 | Electroinvest03241467 · Podgorica | <0.1% | 95,533€ | +102.3% | -59€ | -0.1% | 1 | 4,644€ |
| 343 | Delton03469310 · Tivat | <0.1% | 95,400€ | +21.2% | 72,741€ | 76.2% | 1 | 608€ |
| 344 | Safeguard Solutions03654893 · Podgorica | <0.1% | 95,166€ | +147.4% | 40,654€ | 42.7% | 3 | 1,497€ |
| 345 | Zeko.Me za Softverski Inženjering, Podgorica, Crna Gora02862751 · Podgorica | <0.1% | 93,863€ | +10.5% | 34,582€ | 36.8% | 1 | 2,302€ |
| 346 | Hand Made Media03212785 · Tivat | <0.1% | 93,306€ | -40.1% | 25,567€ | 27.4% | 1 | 1,524€ |
| 347 | Veriverum03548970 · Bar | <0.1% | 93,241€ | -2.0% | 17,346€ | 18.6% | 1 | 5,460€ |
| 348 | Logosky03437779 · Herceg Novi | <0.1% | 93,039€ | -20.9% | -15€ | -0.0% | 3 | 1,796€ |
| 349 | Domratech03514412 · Podgorica | <0.1% | 92,652€ | -6.2% | 50,420€ | 54.4% | 2 | 1,030€ |
| 350 | Code Dunk03403181 · Pljevlja | <0.1% | 92,538€ | +1.3% | 32,646€ | 35.3% | 2 | 2,361€ |