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 651–700 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*
0.0% |
| 0€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -8,263€ |
| — |
| 1 |
| 678€ |
| 653 | Apotekamo Ab03502376 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,741€ | — | 1 | — |
| 654 | Art Tech Monte03658783 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,127€ | — | 1 | 677€ |
| 655 | Barleysoft LTD03775909 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,299€ | — | 1 | — |
| 656 | Berkdem03710092 · Budva | 0.0% | 0€ | No filing for 2024. | -6,712€ | — | 1 | 557€ |
| 657 | BMR Information Technologies03452573 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,469€ | — | 1 | 675€ |
| 658 | Booker Group Mne03759431 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,655€ | — | 1 | — |
| 659 | Brodosli03474461 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,191€ | — | 1 | 678€ |
| 660 | Budget It03065375 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,047€ | — | 1 | 671€ |
| 661 | Ceps Teknoloji03606210 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,364€ | — | 1 | 675€ |
| 662 | Ciles03582639 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,691€ | — | 1 | 678€ |
| 663 | Cloudria03420736 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 664 | Code Plus03544729 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,208€ | — | 1 | 678€ |
| 665 | Collibrix03571114 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,183€ | — | 1 | 678€ |
| 666 | Crab Labaratory03513599 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,211€ | — | 1 | 926€ |
| 667 | Creative Brains03384837 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,168€ | — | 1 | 678€ |
| 668 | Crystal Castles03513530 · Tivat | 0.0% | 0€ | -100.0% | -10,261€ | — | 2 | 424€ |
| 669 | CSC Consultants Pte03734676 · Tivat | 0.0% | 0€ | No filing for 2024. | -14,093€ | — | 3 | 391€ |
| 670 | Cyber Cat03651657 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,381€ | — | 1 | 675€ |
| 671 | Cyberfort03692337 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,159€ | — | 1 | — |
| 672 | D&A Codecraft03479854 · Tivat | 0.0% | 0€ | -100.0% | -14,392€ | — | 1 | 930€ |
| 673 | Desert Bridge Partners03719448 · Bar | 0.0% | 0€ | -100.0% | -7,884€ | — | 1 | 547€ |
| 674 | Devonly03637425 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,199€ | — | 1 | 678€ |
| 675 | A3i Montenegro03557928 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,108€ | — | 1 | 923€ |
| 676 | Able Ing03553345 · Podgorica | 0.0% | 0€ | -100.0% | -4,033€ | — | 1 | 339€ |
| 677 | Adriatic It Accoord03462749 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,064€ | — | 1 | 678€ |
| 678 | Aircash Me03734927 · Podgorica | 0.0% | 0€ | No filing for 2024. | -10,631€ | — | 1 | 665€ |
| 679 | Alekstar03787656 · Budva | 0.0% | 0€ | No filing for 2024. | -1,681€ | — | 1 | — |
| 680 | Alexverateam03761584 · Budva | 0.0% | 0€ | No filing for 2024. | -4,167€ | — | 1 | 303€ |
| 681 | Alezkv03491706 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,466€ | — | 1 | 710€ |
| 682 | Allerty Mne03483550 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,017€ | — | 1 | — |
| 683 | Arcane Code Labs03719294 · Budva | 0.0% | 0€ | No filing for 2024. | -5,049€ | — | 1 | 373€ |
| 684 | Arctic 703442586 · Podgorica | 0.0% | 0€ | -100.0% | -75,286€ | — | 1 | 4,651€ |
| 685 | Arsvidens03599248 · Budva | 0.0% | 0€ | -100.0% | -12,252€ | — | 1 | 937€ |
| 686 | Aumsoft03770451 · Budva | 0.0% | 0€ | No filing for 2024. | -3,085€ | — | 1 | — |
| 687 | Ayos Softver03751406 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,905€ | — | 1 | 429€ |
| 688 | Barakuda Milija03806804 · Berane | 0.0% | 0€ | No filing for 2024. | -750€ | — | 1 | — |
| 689 | Bartho Internet Technologies03418995 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 690 | Beda Software Adriatic03422976 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 691 | Black Mountains Owls03736253 · Budva | 0.0% | 0€ | No filing for 2024. | -6,954€ | — | 0 | — |
| 692 | Borges03440079 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,729€ | — | 1 | — |
| 693 | Breshinas03468941 · Bar | 0.0% | 0€ | -100.0% | -8,137€ | — | 1 | 677€ |
| 694 | Cav 22 It03515877 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,966€ | — | 1 | 926€ |
| 695 | Citadel Project03806057 · Podgorica | 0.0% | 0€ | No filing for 2024. | -734€ | — | 1 | — |
| 696 | Cortexlab03592707 · Podgorica | 0.0% | 0€ | -100.0% | -10,001€ | — | 1 | 819€ |
| 697 | C Pulse03683885 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,883€ | — | 1 | — |
| 698 | Creactivity03514013 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,526€ | — | 1 | — |
| 699 | Cuculus Fuga03502414 · Tivat | 0.0% | 0€ | -100.0% | -12,682€ | — | 1 | 926€ |
| 700 | Cyberpug Development03705692 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,179€ | — | 1 | 927€ |