Revenue
19.2% of sector revenue
902 companies earned 123.22m€ in 2025, 19.2% of Technology sector revenue. Revenue has grown 5.7× since 2015.
19.2% of sector revenue
646 with at most one employee
Largest employer: Epam Systems Montenegro (234)
Median company 3.1% · 44% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 451–500 of 902
* 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 25 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 21,432,513€ | 102 |
| 2016 | 23,981,551€ | 124 |
| 2017 | 24,175,954€ | 135 |
| 2018 | 29,013,136€ | 150 |
| 2019 | 34,126,406€ | 186 |
| 2020 | 39,345,455€ | 224 |
| 2021 | 44,225,942€ | 321 |
| 2022 | 83,800,507€ | 618 |
| 2023 | 115,241,171€ | 793 |
| 2024 | 123,696,636€ | 854 |
| 2025 (Preliminary) | 123,221,357€ | 902 |
The number of companies jumped most in 2022: from 321 to 618.
Employees and payroll cost per employee per month*
<0.1% |
| 12,390€ |
| +175.3% |
| -72€ |
| -0.6% |
| 1 |
| 932€ |
| 453 | Runavia03561275 · Budva | <0.1% | 12,258€ | +32.7% | 3,232€ | 26.4% | 1 | 677€ |
| 454 | Seonika03366286 · Herceg Novi | <0.1% | 12,220€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,076€ | 8.8% | 1 | 922€ |
| 455 | Resun03461149 · Budva | <0.1% | 12,000€ | +15.9% | 1,428€ | 11.9% | 1 | 712€ |
| 456 | NK Group03625184 · Podgorica | <0.1% | 11,604€ | +8.5% | 889€ | 7.7% | 2 | 425€ |
| 457 | Antrakt03759032 · Podgorica | <0.1% | 11,592€ | No filing for 2024. | -209€ | -1.8% | 1 | 965€ |
| 458 | NDM Research03437841 · Budva | <0.1% | 11,573€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,225€ | -79.7% | 2 | 806€ |
| 459 | Galaksija W03774341 · Podgorica | <0.1% | 11,570€ | No filing for 2024. | -1,732€ | -15.0% | 1 | 1,080€ |
| 460 | Medvedco03429822 · Herceg Novi | <0.1% | 11,564€ | +15.2% | 882€ | 7.6% | 1 | 678€ |
| 461 | Libra MM02807432 · Podgorica | <0.1% | 11,220€ | +176.2% | 4,748€ | 42.3% | 1 | — |
| 462 | Easysoftware03416607 · Herceg Novi | <0.1% | 11,200€ | -29.1% | 1,194€ | 10.7% | 1 | 678€ |
| 463 | Perminov03529495 · Podgorica | <0.1% | 11,160€ | +22.8% | -1,634€ | -14.6% | 1 | 927€ |
| 464 | Aqualonix Design03436241 · Herceg Novi | <0.1% | 11,035€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 64€ | 0.6% | 1 | 678€ |
| 465 | Finslon03548074 · Budva | <0.1% | 11,000€ | +57.1% | 1,570€ | 14.3% | 1 | 677€ |
| 466 | Barkan It03417565 · Budva | <0.1% | 10,938€ | -92.9% | -16,154€ | -147.7% | 1 | 1,880€ |
| 467 | Seaops03779670 · Nikšić | <0.1% | 10,836€ | No filing for 2024. | 2,067€ | 19.1% | 2 | 354€ |
| 468 | Coding Paws Studio03648591 · Budva | <0.1% | 10,800€ | +137.4% | -1,731€ | -16.0% | 1 | 928€ |
| 469 | Surviewcode03516407 · Budva | <0.1% | 10,790€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,303€ | -12.1% | 1 | 926€ |
| 470 | Marketing Avenue03420876 · Tivat | <0.1% | 10,718€ | -13.0% | 725€ | 6.8% | 1 | 675€ |
| 471 | Big Data Realty03486575 · Podgorica | <0.1% | 10,600€ | -31.6% | 142€ | 1.3% | 1 | 675€ |
| 472 | Baium03425797 · Herceg Novi | <0.1% | 10,520€ | +557.5% | 265€ | 2.5% | 1 | 787€ |
| 473 | Institucija03220222 · Podgorica | <0.1% | 10,503€ | +94.0% | 8,148€ | 77.6% | 1 | — |
| 474 | Nova It Laboratorija03426203 · Herceg Novi | <0.1% | 10,500€ | +1,049,900.0% | -1,974€ | -18.8% | 1 | 929€ |
| 475 | Marigold Tech03443949 · Podgorica | <0.1% | 10,500€ | +36.4% | 2,217€ | 21.1% | 1 | 677€ |
| 476 | Tardis03560651 · Herceg Novi | <0.1% | 10,400€ | +188.9% | 1,049€ | 10.1% | 1 | 678€ |
| 477 | Ar2d2 Mne03478769 · Podgorica | <0.1% | 10,350€ | +168.8% | 705€ | 6.8% | 1 | 676€ |
| 478 | Hashimotto03690598 · Podgorica | <0.1% | 10,260€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,160€ | 21.1% | 1 | 481€ |
| 479 | Mau Lab03399923 · Herceg Novi | <0.1% | 10,100€ | +9.8% | 191€ | 1.9% | 1 | 678€ |
| 480 | Design Sixty-Nine03456935 · Herceg Novi | <0.1% | 10,010€ | +178.8% | 572€ | 5.7% | 1 | 678€ |
| 481 | Jeditools03427790 · Podgorica | <0.1% | 10,001€ | +156.3% | -28,994€ | -289.9% | 1 | 3,079€ |
| 482 | It-Legend Technologies03569462 · Budva | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,127€ | 11.3% | 1 | 678€ |
| 483 | Foxmath03359581 · Herceg Novi | <0.1% | 10,000€ | +28.2% | -752€ | -7.5% | 1 | 680€ |
| 484 | Wahelp03358755 · Budva | <0.1% | 9,950€ | +1.7% | 736€ | 7.4% | 1 | 677€ |
| 485 | Lunkwill03530949 · Podgorica | <0.1% | 9,945€ | -52.4% | -11,989€ | -120.6% | 1 | 678€ |
| 486 | Intercom - CG02418622 · Bijelo Polje | <0.1% | 9,909€ | -46.9% | 2,989€ | 30.2% | 1 | 372€ |
| 487 | Bunny Media03623653 · Budva | <0.1% | 9,842€ | -33.4% | -1,511€ | -15.4% | 1 | 402€ |
| 488 | Asos Thecnology03708179 · Podgorica | <0.1% | 9,710€ | No filing for 2024. | 373€ | 3.8% | 1 | 599€ |
| 489 | Space Ideas03468909 · Bar | <0.1% | 9,645€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,031€ | -52.2% | 1 | 924€ |
| 490 | Sigurno Totalno Obezbeđenje-CG03268705 · Kotor | <0.1% | 9,644€ | -36.5% | -5,822€ | -60.4% | 1 | 677€ |
| 491 | Professional Computer Systems03454231 · Podgorica | <0.1% | 9,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,925€ | -243.9% | 0 | — |
| 492 | Dolphin Soft03439127 · Podgorica | <0.1% | 9,341€ | +172.8% | 23€ | 0.2% | 1 | 675€ |
| 493 | Qa Studija03642801 · Budva | <0.1% | 9,065€ | +107.4% | 114€ | 1.3% | 1 | 670€ |
| 494 | T-Studium03484149 · Herceg Novi | <0.1% | 9,048€ | -21.7% | -4,431€ | -49.0% | 1 | 927€ |
| 495 | Omnisoft03796434 · Podgorica | <0.1% | 9,000€ | No filing for 2024. | 3,976€ | 44.2% | 1 | 362€ |
| 496 | BFC03463109 · Tivat | <0.1% | 8,936€ | +8.0% | -11,324€ | -126.7% | 2 | 680€ |
| 497 | Primar Montenegro03317544 · Podgorica | <0.1% | 8,886€ | +140.2% | 3,302€ | 37.2% | 1 | 380€ |
| 498 | Uf Software03429091 · Kotor | <0.1% | 8,850€ | -44.2% | -1,093€ | -12.4% | 1 | 674€ |
| 499 | SW Test03646483 · Tivat | <0.1% | 8,830€ | +998.3% | -964€ | -10.9% | 1 | 678€ |
| 500 | Two Polygons03520340 · Budva | <0.1% | 8,750€ | -55.3% | -15,173€ | -173.4% | 2 | 923€ |