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 801–850 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. |
| -11,384€ |
| — |
| 1 |
| 938€ |
| 803 | Vrmac Softver03675203 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,312€ | — | 1 | 678€ |
| 804 | Web Tech Solutions03682234 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,820€ | — | 1 | 670€ |
| 805 | White Tulip03447898 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,102€ | — | 1 | 675€ |
| 806 | Winamore Worldwide03778495 · Budva | 0.0% | 0€ | No filing for 2024. | -2,479€ | — | 1 | — |
| 807 | Wonder JS03439534 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,894€ | — | 1 | 677€ |
| 808 | Worksync03786765 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,985€ | — | 1 | 622€ |
| 809 | Yabanji03534596 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,526€ | — | 2 | 647€ |
| 810 | Aria Yazilim03741958 · Podgorica | 0.0% | 0€ | No filing for 2024. | -29,965€ | — | 5 | 499€ |
| 811 | Medibear03617599 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,084€ | — | 1 | — |
| 812 | Technotactic03326080 · Bijelo Polje | 0.0% | 0€ | -100.0% | -2,276€ | — | 1 | — |
| 813 | Pushkarev Consulting03393402 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,227€ | — | 1 | 678€ |
| 814 | Zensdev03647285 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,657€ | — | 2 | 891€ |
| 815 | Zeya Limited03536416 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,181€ | — | 1 | 678€ |
| 816 | Zirion03747468 · Budva | 0.0% | 0€ | No filing for 2024. | -4,155€ | — | 1 | 346€ |
| 817 | Handycraft03007898 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,877€ | — | 1 | 677€ |
| 818 | Java Software Developer03495507 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,463€ | — | 1 | 675€ |
| 819 | Space Themes03261107 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,171€ | — | 1 | 677€ |
| 820 | Clever Tech03276341 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,163€ | — | 1 | 926€ |
| 821 | CTRLZ Graphics03464334 · Tivat | 0.0% | 0€ | -100.0% | -23,652€ | — | 1 | 1,829€ |
| 822 | Georgiy-N03362370 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,650€ | — | 1 | 675€ |
| 823 | Innovative Minds CO.03527107 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,351€ | — | 1 | — |
| 824 | It Popler03464393 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,131€ | — | 1 | 678€ |
| 825 | Katunik03416836 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,231€ | — | 1 | 677€ |
| 826 | Mikhail-N03359654 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,370€ | — | 1 | 675€ |
| 827 | Nnmonte-Sportech03520153 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,945€ | — | 3 | 636€ |
| 828 | Sergey-N03359590 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,702€ | — | 1 | 922€ |
| 829 | Silenus Capital03417816 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,128€ | — | 1 | 675€ |
| 830 | Sokolovsas03353214 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,216€ | — | 1 | 927€ |
| 831 | Ufa03325121 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,230€ | — | 1 | 677€ |
| 832 | Ivsolution Monte03246256 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,914€ | — | 1 | 929€ |
| 833 | E-Bash Service03472515 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 834 | Edu Anmika03253155 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,239€ | — | 1 | 678€ |
| 835 | Egean Software03172465 · Podgorica | 0.0% | 0€ | -100.0% | -11,841€ | — | 1 | 929€ |
| 836 | Elan.Com.Meelan020503424014 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,210€ | — | 1 | 677€ |
| 837 | Elegance03124878 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 838 | Elypse Consulting03441628 · Podgorica | 0.0% | 0€ | -100.0% | -127€ | — | 1 | — |
| 839 | Fieldco Software03590623 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 840 | Foodyness03470245 · Podgorica | 0.0% | 0€ | -100.0% | -2,013€ | — | 1 | — |
| 841 | Genetrix03400131 · Podgorica | 0.0% | 0€ | -100.0% | -1,345€ | — | 1 | — |
| 842 | Golden Link03637867 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,520€ | — | 1 | 959€ |
| 843 | Gorasoft03634850 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,068€ | — | 1 | — |
| 844 | GPS Tracking03755304 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,488€ | — | 1 | — |
| 845 | Grot 2503655750 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,266€ | — | 2 | 428€ |
| 846 | Hubbar03793087 · Bar | 0.0% | 0€ | No filing for 2024. | -324€ | — | 1 | — |
| 847 | Ideapp03527239 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,980€ | — | 1 | 934€ |
| 848 | Imadakara03511839 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,657€ | — | 1 | 800€ |
| 849 | Innozone03462196 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,179€ | — | 1 | 676€ |
| 850 | Inova Tech Mne03808572 · Podgorica | 0.0% | 0€ | No filing for 2024. | -48€ | — | 0 | — |