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 701–750 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 filing for 2024. |
| -383€ |
| — |
| 1 |
| — |
| 703 | Data Mne Technologies03800270 · Budva | 0.0% | 0€ | No filing for 2024. | -678€ | — | 1 | — |
| 704 | Datasphere03615324 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,771€ | — | 2 | 402€ |
| 705 | Dep03466272 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,917€ | — | 3 | 746€ |
| 706 | Diger7403781097 · Budva | 0.0% | 0€ | No filing for 2024. | -3,644€ | — | 1 | — |
| 707 | Digigrow03471594 · Podgorica | 0.0% | 0€ | -100.0% | -21,715€ | — | 2 | 856€ |
| 708 | Dogs of Code03430685 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 709 | Effrafax Solutions03509826 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,347€ | — | 1 | 676€ |
| 710 | Elite Qa03486435 · Tivat | 0.0% | 0€ | -100.0% | -24,296€ | — | 2 | 944€ |
| 711 | Erste Maxim Technology03583856 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,005€ | — | 2 | 746€ |
| 712 | Expert - Service It03292207 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,905€ | — | 1 | 651€ |
| 713 | Fabian Dittrich Helpando.It03401979 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 714 | Farm Iq03795756 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,311€ | — | 1 | — |
| 715 | Fomenko Company03673073 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 716 | Fora Solutions03790053 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -1,477€ | — | 1 | — |
| 717 | Fundia03570428 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,148€ | — | 1 | — |
| 718 | Geokupp03758168 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -3,326€ | — | 1 | — |
| 719 | Go4adventure03471365 · Podgorica | 0.0% | 0€ | -100.0% | -2,024€ | — | 1 | — |
| 720 | Goncharov Group03673839 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,687€ | — | 1 | 929€ |
| 721 | Good Enough03797821 · Bijelo Polje | 0.0% | 0€ | No filing for 2024. | -641€ | — | 1 | — |
| 722 | Gosaresio03485765 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,771€ | — | 1 | 924€ |
| 723 | Gravitysource03449319 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -58,797€ | — | 2 | 929€ |
| 724 | Hast03425550 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,200€ | — | 1 | 675€ |
| 725 | Hazpro03423263 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,358€ | — | 1 | 678€ |
| 726 | Ima Solutions03773418 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,304€ | — | 1 | — |
| 727 | Infinite Finitely03486419 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,779€ | — | 1 | 675€ |
| 728 | Intellectone03354938 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,945€ | — | 1 | — |
| 729 | Invictus Group03618129 · Podgorica | 0.0% | 0€ | -100.0% | -12,847€ | — | 1 | 671€ |
| 730 | Invision03560538 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 731 | Ipets03530540 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,951€ | — | 1 | — |
| 732 | Itspectre03445488 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,164€ | — | 1 | 677€ |
| 733 | It Workshop03711803 · Budva | 0.0% | 0€ | No filing for 2024. | -9,156€ | — | 1 | 671€ |
| 734 | Ivanov Consulting03698599 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,220€ | — | 1 | 927€ |
| 735 | Jade Reminiscent03512584 · Podgorica | 0.0% | 0€ | -100.0% | -8,202€ | — | 1 | 677€ |
| 736 | Jogol03543285 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,174€ | — | 1 | 677€ |
| 737 | Jureth Soft03531139 · Budva | 0.0% | 0€ | -100.0% | -9,529€ | — | 1 | 675€ |
| 738 | Kaiftech03703410 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,383€ | — | 1 | 928€ |
| 739 | Kravchuk03418383 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,314€ | — | 1 | 926€ |
| 740 | Layout Shift03734803 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -7,000€ | — | 1 | 583€ |
| 741 | LO&BO Company03055396 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,406€ | — | 1 | 675€ |
| 742 | Luxtiv03318354 · Budva | 0.0% | 0€ | -100.0% | -5,688€ | — | 2 | — |
| 743 | M2 Soft03513777 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,133€ | — | 1 | 678€ |
| 744 | Mafin Star03540014 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,249€ | — | 1 | 670€ |
| 745 | Malakhovma03499537 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,225€ | — | 1 | 674€ |
| 746 | Matilda&Partners03762939 · Budva | 0.0% | 0€ | No filing for 2024. | -3,908€ | — | 1 | — |
| 747 | Matrica36903799085 · Cetinje | 0.0% | 0€ | No filing for 2024. | -8,101€ | — | 0 | — |
| 748 | Metlan03651207 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,830€ | — | 1 | 800€ |
| 749 | Metrix03576221 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,202€ | — | 1 | — |
| 750 | Metropol Trading03153584 · Podgorica | 0.0% | 0€ | -100.0% | -14,153€ | — | 2 | 567€ |