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 751–800 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. |
| -22€ |
| — |
| 1 |
| — |
| 753 | Next Web Systems03716767 · Budva | 0.0% | 0€ | No filing for 2024. | -8,496€ | — | 1 | 634€ |
| 754 | NG Code03381064 · Pljevlja | 0.0% | 0€ | -100.0% | -8,608€ | — | 1 | 558€ |
| 755 | Ngtech03236960 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,440€ | — | 1 | 931€ |
| 756 | NIK&CO03440583 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,894€ | — | 1 | 677€ |
| 757 | Noctua Dev03778169 · Budva | 0.0% | 0€ | No filing for 2024. | -2,949€ | — | 0 | — |
| 758 | Nodtech03467660 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,982€ | — | 1 | 677€ |
| 759 | North West03641236 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,765€ | — | 0 | — |
| 760 | Online Service03420795 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,200€ | — | 1 | 675€ |
| 761 | Optimum Plus02731975 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 762 | Parla Group03561011 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 763 | Pelot03664988 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 675€ |
| 764 | Pika Group03690377 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,634€ | — | 1 | 2,112€ |
| 765 | Pinokio HQ03794245 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,973€ | — | 2 | — |
| 766 | Pozitronika Servis03535401 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,259€ | — | 1 | 675€ |
| 767 | P.T.K. Company03389774 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,311€ | — | 1 | — |
| 768 | Qart Labs03804739 | 0.0% | 0€ | No filing for 2024. | -62€ | — | 1 | — |
| 769 | Qobira03747565 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,455€ | — | 1 | 401€ |
| 770 | Raen03577635 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 771 | RDKC Montenegro03426882 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,277€ | — | 1 | 678€ |
| 772 | Redfield Technologies03799158 · Podgorica | 0.0% | 0€ | No filing for 2024. | -615€ | — | 1 | — |
| 773 | Reer Technologies03425037 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 774 | Rightscreen03414540 · Budva | 0.0% | 0€ | -100.0% | -2,372€ | — | 1 | — |
| 775 | Romalex03499812 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 776 | Rozsada03364704 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,766€ | — | 1 | 645€ |
| 777 | Seekintro03471306 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,224€ | — | 1 | — |
| 778 | Slon Company03636372 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -47,915€ | — | 7 | 567€ |
| 779 | Slotify03740501 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,114€ | — | 1 | — |
| 780 | Smart-Solutions Co03236935 · Bijelo Polje | 0.0% | 0€ | -100.0% | -12,304€ | — | 1 | 943€ |
| 781 | Software Crafter03508978 · Budva | 0.0% | 0€ | -100.0% | -8,232€ | — | 1 | 566€ |
| 782 | Solar Data Collector03441792 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,465€ | — | 1 | — |
| 783 | Solved LTD03612619 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,793€ | — | 1 | 967€ |
| 784 | Solving03486443 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,356€ | — | 1 | 359€ |
| 785 | Spektrometar03726797 · Budva | 0.0% | 0€ | No filing for 2024. | -7,792€ | — | 1 | 560€ |
| 786 | Sportech-Monte03301494 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,241€ | — | 1 | — |
| 787 | Stabilna Informatika03805905 · Danilovgrad | 0.0% | 0€ | No filing for 2024. | -675€ | — | 0 | — |
| 788 | Startupx03469239 · Podgorica | 0.0% | 0€ | -100.0% | -6,586€ | — | 2 | — |
| 789 | Stdit03654087 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,962€ | — | 1 | 926€ |
| 790 | Sten CG03432238 · Herceg Novi | 0.0% | 0€ | -100.0% | -10,554€ | — | 1 | 745€ |
| 791 | STL Business Services03458814 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,189€ | — | 1 | 677€ |
| 792 | Systematika03553230 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,325€ | — | 1 | 677€ |
| 793 | Tecnofin03746950 · Podgorica | 0.0% | 0€ | No filing for 2024. | -9,094€ | — | 1 | 758€ |
| 794 | Telehelth03652084 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,809€ | — | 1 | 1,150€ |
| 795 | The Code Republic03738396 · Tivat | 0.0% | 0€ | No filing for 2024. | -5,917€ | — | 1 | 486€ |
| 796 | Togo Adriatic03711978 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,785€ | — | 1 | 482€ |
| 797 | Trezor Systems03596001 · Pljevlja | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -214€ | — | 1 | — |
| 798 | Valisa.Al03532178 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 799 | Vip Montenegro03089118 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,172€ | — | 1 | — |
| 800 | Vision Play Sport Labs03800679 · Nikšić | 0.0% | 0€ | No filing for 2024. | -1,604€ | — | 1 | — |