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 351–400 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* |
|---|
| 351 | Ipmont02792265 · Podgorica | <0.1% | 91,540€ | -23.7% | 20,170€ | 22.0% | 2 | 1,231€ |
| 352 | Lavsky03687724 · Bar | <0.1% | 90,557€ | +495.8% | 41,586€ | 45.9% | 1 | 3,908€ |
| 353 | Tech Assist03602133 · Berane | <0.1% | 90,390€ | +5.6% | 36,395€ | 40.3% | 1 | 1,995€ |
| 354 | Deepmark03624447 · Kolašin | <0.1% | 90,000€ | +145.8% | 8,827€ | 9.8% | 1 | 1,136€ |
| 355 | GVD Mont02628147 · Pljevlja | <0.1% | 90,000€ | 0.0% | 18,418€ | 20.5% | 2 | 1,514€ |
| 356 | Devops03434192 · Budva | <0.1% | 89,705€ | +36.0% | 8,149€ | 9.1% | 1 | 6,332€ |
| 357 | DDD Solutions03132331 · Podgorica | <0.1% | 89,645€ | +233.3% | 45,692€ | 51.0% | 1 | 450€ |
| 358 | KV Sistem02846829 · Podgorica | <0.1% | 89,451€ | +5.3% | -5,174€ | -5.8% | 2 | 1,471€ |
| 359 | Alfa Inženjering02893240 · Berane | <0.1% | 88,597€ | +24.6% | 13,014€ | 14.7% | 1 | 704€ |
| 360 | Scheria03373053 · Podgorica | <0.1% | 87,574€ | -38.0% | 43,814€ | 50.0% | 3 | 954€ |
| 361 | Datapip03346439 · Podgorica | <0.1% | 87,439€ | +23.6% | 61,555€ | 70.4% | 1 | 924€ |
| 362 | FMS03014258 · Bijelo Polje | <0.1% | 87,041€ | +60.2% | 28,290€ | 32.5% | 1 | 3,637€ |
| 363 | Norm03635139 · Bijelo Polje | <0.1% | 86,900€ | +69.9% | 33,358€ | 38.4% | 2 | 2,026€ |
| 364 | Novapex Group03682196 · Podgorica | <0.1% | 86,778€ | +198.8% | 318€ | 0.4% | 1 | 6,867€ |
| 365 | Flourish03407101 · Podgorica | <0.1% | 86,507€ | +233.8% | 61,667€ | 71.3% | 1 | — |
| 366 | Digitiize03375919 · Bar | <0.1% | 86,343€ | -17.7% | 5,062€ | 5.9% | 1 | 1,767€ |
| 367 | Global Way Montenegro03392899 · Podgorica | <0.1% | 86,275€ | -95.7% | 58,037€ | 67.3% | 1 | 629€ |
| 368 | Bit Grupa02451255 · Podgorica | <0.1% | 85,691€ | +1.1% | -7,593€ | -8.9% | 2 | 551€ |
| 369 | Tangram It03354415 · Podgorica | <0.1% | 85,658€ | +5.0% | 1,996€ | 2.3% | 1 | 4,652€ |
| 370 | Sysdevel03058654 · Podgorica | <0.1% | 84,270€ | -51.0% | -36,824€ | -43.7% | 1 | 781€ |
| 371 | Kayama03334929 · Herceg Novi | <0.1% | 84,087€ | +215.7% | 52,820€ | 62.8% | 2 | 749€ |
| 372 | Spilka03668312 · Podgorica | <0.1% | 84,002€ | +1,100.0% | 57,762€ | 68.8% | 1 | 677€ |
| 373 | Caron03538907 · Podgorica | <0.1% | 84,000€ | +58.5% | 29,910€ | 35.6% | 1 | 2,068€ |
| 374 | Enfidal03377954 · Podgorica | <0.1% | 83,796€ | -1.4% | 13,258€ | 15.8% | 2 | 983€ |
| 375 | Angry Seal03510573 · Podgorica | <0.1% | 83,519€ | +273.9% | 34,918€ | 41.8% | 2 | 1,796€ |
| 376 | Elevate House03691918 · Podgorica | <0.1% | 83,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 38,432€ | 46.0% | 7 | 505€ |
| 377 | Softwecs03517675 · Podgorica | <0.1% | 82,960€ | +9.5% | 10,431€ | 12.6% | 3 | 1,157€ |
| 378 | Info - Net02453673 · Podgorica | <0.1% | 81,817€ | -5.7% | 15,096€ | 18.5% | 2 | 1,007€ |
| 379 | Rech Kabinet03415031 · Herceg Novi | <0.1% | 81,734€ | -17.7% | 40,906€ | 50.0% | 2 | 1,242€ |
| 380 | Vasilev Software03435547 · Herceg Novi | <0.1% | 81,425€ | +19.8% | 37,210€ | 45.7% | 1 | 2,186€ |
| 381 | Ivantage03637204 · Herceg Novi | <0.1% | 81,055€ | +2,456.9% | 1,058€ | 1.3% | 1 | 678€ |
| 382 | Krkotic-Consulting03582108 · Podgorica | <0.1% | 80,659€ | +31.0% | 34,363€ | 42.6% | 1 | 3,285€ |
| 383 | D&D Analytics03393763 · Tivat | <0.1% | 80,407€ | +0.1% | -9,561€ | -11.9% | 1 | 1,945€ |
| 384 | Protok Solutions03574016 · Podgorica | <0.1% | 79,797€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 76,231€ | 95.5% | 1 | — |
| 385 | Baikal M Company03414752 · Budva | <0.1% | 79,694€ | +0.6% | 34,665€ | 43.5% | 1 | 2,562€ |
| 386 | Olicorp03418740 · Podgorica | <0.1% | 79,362€ | +32.3% | 379€ | 0.5% | 4 | 813€ |
| 387 | Almaz Soft03498395 · Podgorica | <0.1% | 79,235€ | -8.2% | 44,075€ | 55.6% | 1 | 2,431€ |
| 388 | Tri03330192 · Podgorica | <0.1% | 78,428€ | +49.2% | 4,988€ | 6.4% | 2 | 2,843€ |
| 389 | Advisory It03392082 · Budva | <0.1% | 78,000€ | -3.5% | 8,663€ | 11.1% | 5 | 1,098€ |
| 390 | Artificial Intelligence Software Solutions03376346 · Podgorica | <0.1% | 77,441€ | -15.1% | -13,670€ | -17.7% | 3 | 2,279€ |
| 391 | Source Systems03684849 · Pljevlja | <0.1% | 77,323€ | +427.7% | 646€ | 0.8% | 2 | 2,068€ |
| 392 | Bdtech03263843 · Podgorica | <0.1% | 77,173€ | +335,434.8% | 49,672€ | 64.4% | 1 | 339€ |
| 393 | Space-HM03418421 · Budva | <0.1% | 77,100€ | +30.9% | 15,556€ | 20.2% | 1 | 4,795€ |
| 394 | Serenity Tech03374416 · Herceg Novi | <0.1% | 76,771€ | +20.8% | 51,308€ | 66.8% | 1 | 675€ |
| 395 | Black Mountain Labs03206181 · Podgorica | <0.1% | 76,640€ | -0.3% | 1,021€ | 1.3% | 2 | 2,767€ |
| 396 | Grandi Limited03367037 · Budva | <0.1% | 76,482€ | +2.5% | -1,526€ | -2.0% | 6 | 890€ |
| 397 | Crunchy Digital03179303 · Tivat | <0.1% | 76,191€ | +18.2% | 44,728€ | 58.7% | 2 | 936€ |
| 398 | Sentiment Scope03711994 · Podgorica | <0.1% | 75,832€ | +18,858.0% | 26,982€ | 35.6% | 3 | 1,190€ |
| 399 | New Wind02894211 · Budva | <0.1% | 75,716€ | -20.9% | -699€ | -0.9% | 1 | 926€ |
| 400 | Irasel03531961 · Ulcinj | <0.1% | 75,615€ | -20.2% | 9,604€ | 12.7% | 2 | 2,384€ |