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 501–550 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% |
| 8,700€ |
| +190.0% |
| -2,702€ |
| -31.1% |
| 1 |
| 927€ |
| 503 | Black Corgi03512509 · Herceg Novi | <0.1% | 8,668€ | +139.1% | -839€ | -9.7% | 1 | 678€ |
| 504 | Ridora03783600 · Berane | <0.1% | 8,650€ | No filing for 2024. | -2,189€ | -25.3% | 1 | 901€ |
| 505 | Bitline03454428 · Berane | <0.1% | 8,636€ | -9.3% | 2,835€ | 32.8% | 1 | 353€ |
| 506 | RDS Development03441725 · Herceg Novi | <0.1% | 8,570€ | -19.9% | -471€ | -5.5% | 1 | 680€ |
| 507 | Vivive03377237 · Herceg Novi | <0.1% | 8,550€ | +434.4% | -654€ | -7.6% | 1 | 678€ |
| 508 | Domanov Enterprise03625176 · Herceg Novi | <0.1% | 8,470€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,160€ | -13.7% | 1 | 678€ |
| 509 | Ai Billie03629848 · Budva | <0.1% | 8,460€ | -77.7% | 950€ | 11.2% | 1 | 451€ |
| 510 | It Perspektive03415112 · Herceg Novi | <0.1% | 8,425€ | +742.5% | -1,583€ | -18.8% | 1 | 677€ |
| 511 | Pixel Cat02947242 · Herceg Novi | <0.1% | 8,392€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,628€ | 19.4% | 2 | — |
| 512 | Black Pines Studio03781160 · Podgorica | <0.1% | 8,358€ | No filing for 2024. | 4,358€ | 52.1% | 1 | — |
| 513 | Vavavek03375994 · Herceg Novi | <0.1% | 8,240€ | +57.4% | 37€ | 0.4% | 1 | 678€ |
| 514 | Wevify03456226 · Podgorica | <0.1% | 8,152€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,302€ | -16.0% | 1 | 677€ |
| 515 | Dainiak Company03424057 · Budva | <0.1% | 8,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,289€ | -16.1% | 1 | 675€ |
| 516 | Liskdev03042189 · Bar | <0.1% | 7,894€ | -4.0% | -1,855€ | -23.5% | 1 | 678€ |
| 517 | Gudsoft03423018 · Herceg Novi | <0.1% | 7,825€ | -8.6% | -2,509€ | -32.1% | 1 | 675€ |
| 518 | Ebar Software03358798 · Herceg Novi | <0.1% | 7,777€ | +65.8% | 4,177€ | 53.7% | 1 | — |
| 519 | Exsol03411494 · Herceg Novi | <0.1% | 7,754€ | +485.2% | -2,267€ | -29.2% | 1 | 677€ |
| 520 | Sa Zone Dev03650243 · Budva | <0.1% | 7,730€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,698€ | -22.0% | 1 | 678€ |
| 521 | Stridepeak03536491 · Podgorica | <0.1% | 7,700€ | +126.5% | 2,958€ | 38.4% | 1 | — |
| 522 | Exit Consulting03723453 · Podgorica | <0.1% | 7,630€ | No filing for 2024. | 25€ | 0.3% | 1 | 490€ |
| 523 | LJS Services03419231 · Budva | <0.1% | 7,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,071€ | -250.9% | 1 | 1,586€ |
| 524 | People First03455165 · Herceg Novi | <0.1% | 7,435€ | -44.7% | -763€ | -10.3% | 1 | 675€ |
| 525 | Qa Services03425363 · Budva | <0.1% | 7,250€ | +52.6% | -1,091€ | -15.0% | 1 | 677€ |
| 526 | Makondo02772299 · Tivat | <0.1% | 7,240€ | -46.7% | -18,066€ | -249.5% | 2 | 740€ |
| 527 | Poslovni Sistemi03349691 · Podgorica | <0.1% | 7,120€ | +136.5% | 1,003€ | 14.1% | 1 | 377€ |
| 528 | Goplant.Me03401715 · Podgorica | <0.1% | 7,063€ | +103.3% | 543€ | 7.7% | 2 | — |
| 529 | Institute For Innovative Informatics03456544 · Podgorica | <0.1% | 7,062€ | -7.7% | -2,235€ | -31.6% | 1 | 379€ |
| 530 | Blue Papaya03734323 · Podgorica | <0.1% | 7,000€ | No filing for 2024. | 2,753€ | 39.3% | 1 | 320€ |
| 531 | Senatus03767426 · Bijelo Polje | <0.1% | 7,000€ | No filing for 2024. | -441€ | -6.3% | 1 | 581€ |
| 532 | Ge Megatech03468356 · Budva | <0.1% | 6,983€ | -57.7% | -5,036€ | -72.1% | 1 | 928€ |
| 533 | Batuich Design Studio03716805 · Budva | <0.1% | 6,640€ | No filing for 2024. | -2,180€ | -32.8% | 1 | 634€ |
| 534 | Brick BY Brick Studio03632644 · Bar | <0.1% | 6,525€ | +366.1% | -1,688€ | -25.9% | 1 | 675€ |
| 535 | Panama DC03772713 · Bar | <0.1% | 6,500€ | No filing for 2024. | 179€ | 2.8% | 2 | — |
| 536 | K&Mriya03426165 · Herceg Novi | <0.1% | 6,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,908€ | -45.4% | 1 | 678€ |
| 537 | Riv Case03551849 · Bar | <0.1% | 6,061€ | -74.7% | -6,136€ | -101.2% | 1 | 895€ |
| 538 | Devmonte03030032 · Herceg Novi | <0.1% | 5,893€ | -71.9% | -3,600€ | -61.1% | 1 | 680€ |
| 539 | PM Expert Compamy03463044 · Podgorica | <0.1% | 5,784€ | +493.2% | -7,100€ | -122.8% | 1 | 916€ |
| 540 | M - Code02438879 · Danilovgrad | <0.1% | 5,658€ | -86.1% | -17,035€ | -301.1% | 1 | — |
| 541 | Softera03785491 · Podgorica | <0.1% | 5,612€ | No filing for 2024. | 2,413€ | 43.0% | 1 | — |
| 542 | Alphyn Apps03434575 · Budva | <0.1% | 5,594€ | +130.0% | -6,280€ | -112.3% | 2 | 424€ |
| 543 | Cloudlab Studio03416488 · Budva | <0.1% | 5,438€ | -80.6% | -14,684€ | -270.0% | 2 | 781€ |
| 544 | Pigurnov03407543 · Herceg Novi | <0.1% | 5,410€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,963€ | -73.3% | 1 | 677€ |
| 545 | Sumus Montenegro Group03414078 · Ulcinj | <0.1% | 5,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,979€ | -55.2% | 1 | 677€ |
| 546 | Ž - Sistems02970791 · Herceg Novi | <0.1% | 5,372€ | -68.0% | -1,251€ | -23.3% | 1 | 462€ |
| 547 | Ajax03287599 · Herceg Novi | <0.1% | 5,234€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,107€ | -78.5% | 1 | 424€ |
| 548 | Fluktus03467767 · Bar | <0.1% | 5,114€ | -78.2% | -15,848€ | -309.9% | 1 | 1,287€ |
| 549 | Dream Crew Mne03681017 · Bar | <0.1% | 5,090€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,874€ | -233.3% | 1 | 1,357€ |
| 550 | Silent Partner03574652 · Podgorica | <0.1% | 5,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,856€ | -217.1% | 1 | 1,199€ |