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 401–450 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* |
|---|
| 401 | Softmarket Dev03267148 · Nikšić | <0.1% | 75,481€ | +5.6% | 8,704€ | 11.5% | 2 | 2,266€ |
| 402 | Ooblee03216446 · Podgorica | <0.1% | 74,647€ | -82.2% | -460,013€ | -616.3% | 9 | 2,471€ |
| 403 | Royal Tech03705676 · Podgorica | <0.1% | 74,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -101,342€ | -136.2% | 1 | 10,208€ |
| 404 | The Badger Mne03402045 · Podgorica | <0.1% | 74,337€ | +3,196.5% | -32,692€ | -44.0% | 2 | 1,736€ |
| 405 | Imosoft03441075 · Podgorica | <0.1% | 74,236€ | -6.0% | 41,890€ | 56.4% | 2 | 989€ |
| 406 | Bastosha03514994 · Tivat | <0.1% | 74,198€ | +227.4% | 7,756€ | 10.5% | 2 | 2,304€ |
| 407 | Techorio03548830 · Podgorica | <0.1% | 74,135€ | +33.9% | 4,642€ | 6.3% | 2 | 1,710€ |
| 408 | Digitalni Računovođa03392619 · Podgorica | <0.1% | 73,570€ | +13.3% | 3,845€ | 5.2% | 3 | 1,536€ |
| 409 | Neo Tech03470776 · Podgorica | <0.1% | 73,102€ | -4.1% | 4,487€ | 6.1% | 12 | 415€ |
| 410 | GPS Road03364658 · Podgorica | <0.1% | 73,010€ | +2.1% | 19,855€ | 27.2% | 1 | 604€ |
| 411 | Suvio03761525 · Podgorica | <0.1% | 72,960€ | No filing for 2024. | 11,489€ | 15.7% | 1 | 679€ |
| 412 | Pis03016986 · Podgorica | <0.1% | 72,925€ | +1.9% | 2,634€ | 3.6% | 1 | — |
| 413 | It Smart03037240 · Tivat | <0.1% | 72,814€ | -8.7% | 4,277€ | 5.9% | 1 | 1,086€ |
| 414 | Tagames03724956 · Podgorica | <0.1% | 72,716€ | No filing for 2024. | 194€ | 0.3% | 1 | 5,363€ |
| 415 | Seo Dream Team Europe03605426 · Podgorica | <0.1% | 72,683€ | +53.5% | 39,788€ | 54.7% | 4 | 685€ |
| 416 | MV Development03397734 · Podgorica | <0.1% | 72,523€ | +13.9% | 47,443€ | 65.4% | 1 | 1,288€ |
| 417 | QBQ Systems03493202 · Bar | <0.1% | 72,330€ | +5,599.8% | 14,295€ | 19.8% | 1 | 4,802€ |
| 418 | Krasnij03375471 · Budva | <0.1% | 72,134€ | +60.6% | 2,819€ | 3.9% | 4 | 1,182€ |
| 419 | Montenegro Press Company03400409 · Podgorica | <0.1% | 71,447€ | +105.8% | 22,664€ | 31.7% | 1 | 3,406€ |
| 420 | Valiant Software03414230 · Podgorica | <0.1% | 70,597€ | -1.2% | 8,249€ | 11.7% | 3 | 1,584€ |
| 421 | Neodata02845164 · Podgorica | <0.1% | 70,530€ | +25.4% | 2,354€ | 3.3% | 3 | 1,781€ |
| 422 | Cyoda Labs03430413 · Podgorica | <0.1% | 70,025€ | -32.3% | 3,348€ | 4.8% | 1 | 5,164€ |
| 423 | Space Software03305058 · Podgorica | <0.1% | 70,000€ | -41.7% | -5,432€ | -7.8% | 7 | 676€ |
| 424 | Adlogic03346358 · Podgorica | <0.1% | 69,772€ | +21.2% | 97€ | 0.1% | 3 | 1,357€ |
| 425 | Zuno Games03721213 · Podgorica | <0.1% | 69,767€ | No filing for 2024. | 32,423€ | 46.5% | 3 | 766€ |
| 426 | Endcode03583147 · Podgorica | <0.1% | 69,710€ | +105.4% | 17,623€ | 25.3% | 3 | 976€ |
| 427 | Ai Coding03626415 · Podgorica | <0.1% | 69,072€ | +25.8% | 23,201€ | 33.6% | 1 | 2,987€ |
| 428 | Torggler Software03708128 · Bar | <0.1% | 68,779€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 50,787€ | 73.8% | 1 | 677€ |
| 429 | DDD Saas03167526 · Podgorica | <0.1% | 68,667€ | +14.2% | -24,408€ | -35.5% | 2 | 1,847€ |
| 430 | New Towers03737039 · Podgorica | <0.1% | 68,620€ | No filing for 2024. | -4,834€ | -7.0% | 1 | 1,166€ |
| 431 | Actual Soft Montenegro02447258 · Podgorica | <0.1% | 68,375€ | -6.4% | 14,640€ | 21.4% | 1 | 2,742€ |
| 432 | Skizza03579859 · Podgorica | <0.1% | 68,305€ | -9.7% | 35,105€ | 51.4% | 1 | 2,013€ |
| 433 | Pertseva Information Technology03459454 · Budva | <0.1% | 68,250€ | -4.3% | -6,513€ | -9.5% | 1 | 1,343€ |
| 434 | PG. Daho03488896 · Podgorica | <0.1% | 68,203€ | +11.0% | 24,581€ | 36.0% | 2 | 1,088€ |
| 435 | Eunoia03515583 · Podgorica | <0.1% | 67,947€ | +15.9% | 18,036€ | 26.5% | 1 | 3,816€ |
| 436 | 7januar02255294 · Mojkovac | <0.1% | 67,618€ | -41.8% | -2,564€ | -3.8% | 3 | 676€ |
| 437 | Loyalty Wallet03625699 · Podgorica | <0.1% | 67,490€ | +29.7% | 31,239€ | 46.3% | 1 | 2,388€ |
| 438 | Prostudio.Me03462668 · Podgorica | <0.1% | 66,627€ | +14.5% | 7,938€ | 11.9% | 4 | 860€ |
| 439 | Emand03575462 · Podgorica | <0.1% | 66,130€ | +56.5% | -2,472€ | -3.7% | 1 | 3,996€ |
| 440 | Deimdal03357856 · Budva | <0.1% | 66,109€ | -3.6% | 17,216€ | 26.0% | 3 | 1,037€ |
| 441 | Ze Puff Company03456960 · Budva | <0.1% | 66,072€ | -75.5% | -93,680€ | -141.8% | 1 | 677€ |
| 442 | Esenia MNT03436934 · Budva | <0.1% | 65,624€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 39,682€ | 60.5% | 1 | 339€ |
| 443 | Raboid03601749 · Podgorica | <0.1% | 65,065€ | +1,131.1% | 36,526€ | 56.1% | 3 | 515€ |
| 444 | Irask03419355 · Budva | <0.1% | 64,824€ | -57.9% | -8,382€ | -12.9% | 3 | 760€ |
| 445 | Resort Isolutions03542505 · Herceg Novi | <0.1% | 64,537€ | +22.2% | 11,192€ | 17.3% | 1 | 754€ |
| 446 | Scoring Music Production03428192 · Herceg Novi | <0.1% | 63,870€ | +26.5% | 44,665€ | 69.9% | 1 | 929€ |
| 447 | Devem03389464 · Podgorica | <0.1% | 63,810€ | +319.8% | 1,240€ | 1.9% | 2 | 2,470€ |
| 448 | Vitalone It03403793 · Herceg Novi | <0.1% | 63,708€ | +36.3% | -5,046€ | -7.9% | 1 | 927€ |
| 449 | V2 Bit Montenegro03222535 · Nikšić | <0.1% | 63,333€ | -17.6% | 80€ | 0.1% | 4 | 631€ |
| 450 | Eam Consulting03436624 · Budva | <0.1% | 63,178€ | +251.5% | 41,837€ | 66.2% | 1 | 1,006€ |