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 151–200 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*
<0.1% |
| 95,533€ |
| +102.3% |
| -59€ |
| -0.1% |
| 1 |
| 4,644€ |
| 153 | Delton03469310 · Tivat | <0.1% | 95,400€ | +21.2% | 72,741€ | 76.2% | 1 | 608€ |
| 154 | Zeko.Me za Softverski Inženjering, Podgorica, Crna Gora02862751 · Podgorica | <0.1% | 93,863€ | +10.5% | 34,582€ | 36.8% | 1 | 2,302€ |
| 155 | Veriverum03548970 · Bar | <0.1% | 93,241€ | -2.0% | 17,346€ | 18.6% | 1 | 5,460€ |
| 156 | Domratech03514412 · Podgorica | <0.1% | 92,652€ | -6.2% | 50,420€ | 54.4% | 2 | 1,030€ |
| 157 | Code Dunk03403181 · Pljevlja | <0.1% | 92,538€ | +1.3% | 32,646€ | 35.3% | 2 | 2,361€ |
| 158 | Lavsky03687724 · Bar | <0.1% | 90,557€ | +495.8% | 41,586€ | 45.9% | 1 | 3,908€ |
| 159 | Deepmark03624447 · Kolašin | <0.1% | 90,000€ | +145.8% | 8,827€ | 9.8% | 1 | 1,136€ |
| 160 | Devops03434192 · Budva | <0.1% | 89,705€ | +36.0% | 8,149€ | 9.1% | 1 | 6,332€ |
| 161 | Scheria03373053 · Podgorica | <0.1% | 87,574€ | -38.0% | 43,814€ | 50.0% | 3 | 954€ |
| 162 | Datapip03346439 · Podgorica | <0.1% | 87,439€ | +23.6% | 61,555€ | 70.4% | 1 | 924€ |
| 163 | FMS03014258 · Bijelo Polje | <0.1% | 87,041€ | +60.2% | 28,290€ | 32.5% | 1 | 3,637€ |
| 164 | Norm03635139 · Bijelo Polje | <0.1% | 86,900€ | +69.9% | 33,358€ | 38.4% | 2 | 2,026€ |
| 165 | Novapex Group03682196 · Podgorica | <0.1% | 86,778€ | +198.8% | 318€ | 0.4% | 1 | 6,867€ |
| 166 | Flourish03407101 · Podgorica | <0.1% | 86,507€ | +233.8% | 61,667€ | 71.3% | 1 | — |
| 167 | Bit Grupa02451255 · Podgorica | <0.1% | 85,691€ | +1.1% | -7,593€ | -8.9% | 2 | 551€ |
| 168 | Tangram It03354415 · Podgorica | <0.1% | 85,658€ | +5.0% | 1,996€ | 2.3% | 1 | 4,652€ |
| 169 | Kayama03334929 · Herceg Novi | <0.1% | 84,087€ | +215.7% | 52,820€ | 62.8% | 2 | 749€ |
| 170 | Spilka03668312 · Podgorica | <0.1% | 84,002€ | +1,100.0% | 57,762€ | 68.8% | 1 | 677€ |
| 171 | Caron03538907 · Podgorica | <0.1% | 84,000€ | +58.5% | 29,910€ | 35.6% | 1 | 2,068€ |
| 172 | Angry Seal03510573 · Podgorica | <0.1% | 83,519€ | +273.9% | 34,918€ | 41.8% | 2 | 1,796€ |
| 173 | Softwecs03517675 · Podgorica | <0.1% | 82,960€ | +9.5% | 10,431€ | 12.6% | 3 | 1,157€ |
| 174 | Info - Net02453673 · Podgorica | <0.1% | 81,817€ | -5.7% | 15,096€ | 18.5% | 2 | 1,007€ |
| 175 | Vasilev Software03435547 · Herceg Novi | <0.1% | 81,425€ | +19.8% | 37,210€ | 45.7% | 1 | 2,186€ |
| 176 | Ivantage03637204 · Herceg Novi | <0.1% | 81,055€ | +2,456.9% | 1,058€ | 1.3% | 1 | 678€ |
| 177 | D&D Analytics03393763 · Tivat | <0.1% | 80,407€ | +0.1% | -9,561€ | -11.9% | 1 | 1,945€ |
| 178 | Almaz Soft03498395 · Podgorica | <0.1% | 79,235€ | -8.2% | 44,075€ | 55.6% | 1 | 2,431€ |
| 179 | Tri03330192 · Podgorica | <0.1% | 78,428€ | +49.2% | 4,988€ | 6.4% | 2 | 2,843€ |
| 180 | Artificial Intelligence Software Solutions03376346 · Podgorica | <0.1% | 77,441€ | -15.1% | -13,670€ | -17.7% | 3 | 2,279€ |
| 181 | Bdtech03263843 · Podgorica | <0.1% | 77,173€ | +335,434.8% | 49,672€ | 64.4% | 1 | 339€ |
| 182 | Serenity Tech03374416 · Herceg Novi | <0.1% | 76,771€ | +20.8% | 51,308€ | 66.8% | 1 | 675€ |
| 183 | Crunchy Digital03179303 · Tivat | <0.1% | 76,191€ | +18.2% | 44,728€ | 58.7% | 2 | 936€ |
| 184 | Softmarket Dev03267148 · Nikšić | <0.1% | 75,481€ | +5.6% | 8,704€ | 11.5% | 2 | 2,266€ |
| 185 | Ooblee03216446 · Podgorica | <0.1% | 74,647€ | -82.2% | -460,013€ | -616.3% | 9 | 2,471€ |
| 186 | Royal Tech03705676 · Podgorica | <0.1% | 74,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -101,342€ | -136.2% | 1 | 10,208€ |
| 187 | Imosoft03441075 · Podgorica | <0.1% | 74,236€ | -6.0% | 41,890€ | 56.4% | 2 | 989€ |
| 188 | Bastosha03514994 · Tivat | <0.1% | 74,198€ | +227.4% | 7,756€ | 10.5% | 2 | 2,304€ |
| 189 | Neo Tech03470776 · Podgorica | <0.1% | 73,102€ | -4.1% | 4,487€ | 6.1% | 12 | 415€ |
| 190 | Suvio03761525 · Podgorica | <0.1% | 72,960€ | No filing for 2024. | 11,489€ | 15.7% | 1 | 679€ |
| 191 | Tagames03724956 · Podgorica | <0.1% | 72,716€ | No filing for 2024. | 194€ | 0.3% | 1 | 5,363€ |
| 192 | MV Development03397734 · Podgorica | <0.1% | 72,523€ | +13.9% | 47,443€ | 65.4% | 1 | 1,288€ |
| 193 | QBQ Systems03493202 · Bar | <0.1% | 72,330€ | +5,599.8% | 14,295€ | 19.8% | 1 | 4,802€ |
| 194 | Valiant Software03414230 · Podgorica | <0.1% | 70,597€ | -1.2% | 8,249€ | 11.7% | 3 | 1,584€ |
| 195 | Neodata02845164 · Podgorica | <0.1% | 70,530€ | +25.4% | 2,354€ | 3.3% | 3 | 1,781€ |
| 196 | Cyoda Labs03430413 · Podgorica | <0.1% | 70,025€ | -32.3% | 3,348€ | 4.8% | 1 | 5,164€ |
| 197 | Zuno Games03721213 · Podgorica | <0.1% | 69,767€ | No filing for 2024. | 32,423€ | 46.5% | 3 | 766€ |
| 198 | Endcode03583147 · Podgorica | <0.1% | 69,710€ | +105.4% | 17,623€ | 25.3% | 3 | 976€ |
| 199 | Ai Coding03626415 · Podgorica | <0.1% | 69,072€ | +25.8% | 23,201€ | 33.6% | 1 | 2,987€ |
| 200 | Actual Soft Montenegro02447258 · Podgorica | <0.1% | 68,375€ | -6.4% | 14,640€ | 21.4% | 1 | 2,742€ |