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 201–250 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% |
| 67,490€ |
| +29.7% |
| 31,239€ |
| 46.3% |
| 1 |
| 2,388€ |
| 203 | Prostudio.Me03462668 · Podgorica | <0.1% | 66,627€ | +14.5% | 7,938€ | 11.9% | 4 | 860€ |
| 204 | Emand03575462 · Podgorica | <0.1% | 66,130€ | +56.5% | -2,472€ | -3.7% | 1 | 3,996€ |
| 205 | Deimdal03357856 · Budva | <0.1% | 66,109€ | -3.6% | 17,216€ | 26.0% | 3 | 1,037€ |
| 206 | Ze Puff Company03456960 · Budva | <0.1% | 66,072€ | -75.5% | -93,680€ | -141.8% | 1 | 677€ |
| 207 | Esenia MNT03436934 · Budva | <0.1% | 65,624€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 39,682€ | 60.5% | 1 | 339€ |
| 208 | Raboid03601749 · Podgorica | <0.1% | 65,065€ | +1,131.1% | 36,526€ | 56.1% | 3 | 515€ |
| 209 | Resort Isolutions03542505 · Herceg Novi | <0.1% | 64,537€ | +22.2% | 11,192€ | 17.3% | 1 | 754€ |
| 210 | Scoring Music Production03428192 · Herceg Novi | <0.1% | 63,870€ | +26.5% | 44,665€ | 69.9% | 1 | 929€ |
| 211 | Devem03389464 · Podgorica | <0.1% | 63,810€ | +319.8% | 1,240€ | 1.9% | 2 | 2,470€ |
| 212 | Pryganov03436705 · Herceg Novi | <0.1% | 62,674€ | +4.3% | 10,718€ | 17.1% | 1 | 3,642€ |
| 213 | Rait03717402 · Podgorica | <0.1% | 62,220€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,233€ | 2.0% | 1 | 3,618€ |
| 214 | Saga-SMF03634868 · Nikšić | <0.1% | 62,180€ | +3.2% | 4,297€ | 6.9% | 2 | 2,343€ |
| 215 | Stratus Monte03425916 · Podgorica | <0.1% | 61,927€ | -12.0% | -2,800€ | -4.5% | 7 | 685€ |
| 216 | 2ai4me03548236 · Podgorica | <0.1% | 60,847€ | +134.5% | 3,077€ | 5.1% | 1 | 2,057€ |
| 217 | Ikm03740340 · Podgorica | <0.1% | 60,600€ | No filing for 2024. | 2,847€ | 4.7% | 1 | 2,918€ |
| 218 | Scaffold03423069 · Bar | <0.1% | 60,000€ | +68.5% | 4,713€ | 7.9% | 1 | 2,444€ |
| 219 | Omega Cloud03701735 · Pljevlja | <0.1% | 59,990€ | +517.4% | 40€ | 0.1% | 1 | 3,533€ |
| 220 | Cef It Solutions03207978 · Rožaje | <0.1% | 59,670€ | +0.4% | 255€ | 0.4% | 5 | 924€ |
| 221 | Kronos It03527085 · Bar | <0.1% | 59,501€ | +71.0% | 42,791€ | 71.9% | 1 | 1,249€ |
| 222 | Suddenly Violet03397203 · Bar | <0.1% | 59,451€ | +215.7% | 22,367€ | 37.6% | 1 | 1,783€ |
| 223 | M.A.I.03108066 · Podgorica | <0.1% | 58,273€ | -51.2% | -11,198€ | -19.2% | 1 | 1,602€ |
| 224 | Darwin03487784 · Podgorica | <0.1% | 58,132€ | +164.2% | 33,771€ | 58.1% | 1 | 1,616€ |
| 225 | Balkan Tech International03380220 · Podgorica | <0.1% | 58,025€ | +138.0% | 32,788€ | 56.5% | 1 | 678€ |
| 226 | Finkit03325610 · Podgorica | <0.1% | 57,940€ | +4.6% | 21,476€ | 37.1% | 1 | 2,819€ |
| 227 | Increment03163300 · Budva | <0.1% | 57,678€ | -5.4% | 2,866€ | 5.0% | 1 | 3,654€ |
| 228 | Agencija Aktiva02810743 · Podgorica | <0.1% | 57,665€ | +6.2% | 3,010€ | 5.2% | 1 | 2,685€ |
| 229 | Rubito03371441 · Podgorica | <0.1% | 56,560€ | +14.7% | 19,466€ | 34.4% | 1 | 2,716€ |
| 230 | Mrum Engineering Services03499545 · Podgorica | <0.1% | 56,170€ | +16.3% | 922€ | 1.6% | 3 | 1,163€ |
| 231 | Neurobotx03579620 · Podgorica | <0.1% | 55,800€ | +24.0% | -165,472€ | -296.5% | 6 | 2,942€ |
| 232 | GB Technology and Software03333418 · Podgorica | <0.1% | 55,092€ | -20.6% | -14,095€ | -25.6% | 2 | 1,244€ |
| 233 | Boo Development03409708 · Podgorica | <0.1% | 54,950€ | +118.5% | 12,497€ | 22.7% | 1 | 2,828€ |
| 234 | Devmontgroup03332276 · Bar | <0.1% | 54,869€ | -2.3% | 3,753€ | 6.8% | 1 | 4,013€ |
| 235 | Taraba Hub03375838 · Podgorica | <0.1% | 54,067€ | +4.6% | 0€ | 0.0% | 1 | 4,297€ |
| 236 | Devinsoft03721906 · Podgorica | <0.1% | 53,804€ | No filing for 2024. | 6,339€ | 11.8% | 2 | 1,617€ |
| 237 | Lunascensio03350096 · Budva | <0.1% | 53,675€ | -40.2% | -22,746€ | -42.4% | 1 | 5,320€ |
| 238 | Techart Company03416658 · Herceg Novi | <0.1% | 53,438€ | +1,689.6% | 38,441€ | 71.9% | 1 | 675€ |
| 239 | Aerodigy Interactive03649105 · Budva | <0.1% | 53,226€ | +101.9% | 1,732€ | 3.3% | 1 | 4,159€ |
| 240 | Foxycode03575489 · Podgorica | <0.1% | 53,045€ | +59.6% | 3,607€ | 6.8% | 1 | 3,464€ |
| 241 | Modest02653419 · Podgorica | <0.1% | 53,043€ | +312.8% | 4,365€ | 8.2% | 1 | 3,945€ |
| 242 | Nexa Mne03526917 · Podgorica | <0.1% | 52,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 44,169€ | 84.3% | 1 | 678€ |
| 243 | Volta It03458091 · Podgorica | <0.1% | 52,200€ | +3.2% | -466€ | -0.9% | 1 | 3,957€ |
| 244 | Deus Craft03559602 · Tivat | <0.1% | 52,000€ | +550.0% | 2,987€ | 5.7% | 1 | 3,819€ |
| 245 | Nilan Tech03733564 · Podgorica | <0.1% | 51,993€ | No filing for 2024. | 28,459€ | 54.7% | 1 | 1,552€ |
| 246 | Infocom02388332 · Cetinje | <0.1% | 51,707€ | +4.7% | 9,612€ | 18.6% | 1 | 1,227€ |
| 247 | Dubki93903441601 · Podgorica | <0.1% | 51,533€ | -5.8% | 10,439€ | 20.3% | 4 | 710€ |
| 248 | Qweel03546667 · Bar | <0.1% | 50,886€ | +12.6% | 3,100€ | 6.1% | 2 | 871€ |
| 249 | Tensor03629953 · Podgorica | <0.1% | 50,653€ | +717.0% | 11,561€ | 22.8% | 1 | 3,058€ |
| 250 | Dot Pro03176754 · Podgorica | <0.1% | 50,148€ | -25.0% | -6,815€ | -13.6% | 1 | 3,691€ |