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 851–900 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. |
| -19,283€ |
| — |
| 1 |
| 1,604€ |
| 853 | Khwarizmiat Solutions Limited03572986 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -42,049€ | — | 1 | 2,995€ |
| 854 | Kolosek03367029 · Budva | 0.0% | 0€ | -100.0% | -5,601€ | — | 1 | 339€ |
| 855 | Korak po Korak03542181 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,467€ | — | 1 | 678€ |
| 856 | Koreloop Consulting03785726 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,682€ | — | 0 | — |
| 857 | Kreditni Biro Crne Gore02773716 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 858 | Kuznetsov VS03433960 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,182€ | — | 1 | 678€ |
| 859 | Label Process Machinery and Software Systems03615626 · Podgorica | 0.0% | 0€ | -100.0% | -7,834€ | — | 1 | 558€ |
| 860 | Labittrade03427447 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,519€ | — | 1 | 675€ |
| 861 | Lambda03809471 · Podgorica | 0.0% | 0€ | No filing for 2024. | -46€ | — | 0 | — |
| 862 | Liber Group03670325 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,614€ | — | 1 | 678€ |
| 863 | L-Tech03756335 · Budva | 0.0% | 0€ | No filing for 2024. | -5,784€ | — | 1 | 481€ |
| 864 | Lurra Nova03478297 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,270€ | — | 1 | 678€ |
| 865 | Maison De Montmorency03618668 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,279€ | — | 1 | 931€ |
| 866 | Mamaritam03797805 · Berane | 0.0% | 0€ | No filing for 2024. | -720€ | — | 1 | — |
| 867 | Maskon03404048 · Podgorica | 0.0% | 0€ | -100.0% | -5,674€ | — | 1 | 452€ |
| 868 | MC Development&Consulting03656314 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,333€ | — | 2 | 635€ |
| 869 | MLP Technologies-Balkan03700895 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,148€ | — | 1 | 675€ |
| 870 | Mobitech Studio03608816 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,675€ | — | 2 | 677€ |
| 871 | Montelix Group Mne03414442 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,085€ | — | 1 | 675€ |
| 872 | Mtech-Development03771431 · Budva | 0.0% | 0€ | No filing for 2024. | -113€ | — | 0 | — |
| 873 | Myapp03704238 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 874 | Notpim03777847 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,310€ | — | 1 | — |
| 875 | Novaproject03550613 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,151€ | — | 1 | 678€ |
| 876 | Ovio Mne03626768 · Podgorica | 0.0% | 0€ | -100.0% | -2,949€ | — | 1 | — |
| 877 | Pgplus Group03303730 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,882€ | — | 1 | 1,498€ |
| 878 | Pilabs.Me03349373 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,898€ | — | 1 | 564€ |
| 879 | Plava Kula03284565 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,908€ | — | 1 | 675€ |
| 880 | Qairium03549607 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,151€ | — | 1 | 678€ |
| 881 | Qualis03489175 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,336€ | — | 1 | 677€ |
| 882 | Quantflow03417069 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,352€ | — | 1 | 929€ |
| 883 | Remai03689646 · Bar | 0.0% | 0€ | No filing for 2024. | -10,781€ | — | 1 | 808€ |
| 884 | Riebesel Advisory For Banks03418448 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,797€ | — | 1 | 675€ |
| 885 | Rootry03378764 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,050€ | — | 1 | 338€ |
| 886 | RXTX Gora03751589 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,052€ | — | 1 | — |
| 887 | Simge Group03725383 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,582€ | — | 1 | 535€ |
| 888 | Simulacrum03408299 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,054€ | — | 1 | — |
| 889 | Software Development Solutions03416445 · Budva | 0.0% | 0€ | -100.0% | -12,179€ | — | 1 | 922€ |
| 890 | Stock Waves03712036 · Budva | 0.0% | 0€ | No filing for 2024. | -6,690€ | — | 1 | 558€ |
| 891 | SV Soft-Bar03529142 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,308€ | — | 1 | 758€ |
| 892 | Tech Software Systems03792838 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,003€ | — | 1 | — |
| 893 | Uppa Software03737713 · Budva | 0.0% | 0€ | No filing for 2024. | -16,037€ | — | 1 | 1,277€ |
| 894 | Vladicom Me03425347 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,098€ | — | 1 | 1,192€ |
| 895 | Vladimirov Dev Club03484742 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,501€ | — | 1 | 731€ |
| 896 | Voxel03422151 · Tivat | 0.0% | 0€ | -100.0% | -12,489€ | — | 1 | 926€ |
| 897 | Webberry03526151 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 898 | Woitech Technology03577546 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,525€ | — | 1 | 675€ |
| 899 | Yaskee03481875 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 900 | Yazoo03754944 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,034€ | — | 0 | — |