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 251–300 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% |
| 50,000€ |
| No filing for 2024. |
| 25,339€ |
| 50.7% |
| 1 |
| 2,030€ |
| 253 | Devscript03611205 · Podgorica | <0.1% | 49,666€ | +16.8% | 3,932€ | 7.9% | 1 | 3,266€ |
| 254 | Underhill Software Solutions03404919 · Podgorica | <0.1% | 49,455€ | +5.3% | 2,690€ | 5.4% | 1 | 3,070€ |
| 255 | Logik Montenegro03340031 · Podgorica | <0.1% | 49,148€ | +15.6% | 1,279€ | 2.6% | 3 | 1,102€ |
| 256 | Round Pixel03345963 · Podgorica | <0.1% | 48,949€ | -58.7% | 3,450€ | 7.0% | 1 | 2,888€ |
| 257 | Nord Beaver Official03416992 · Tivat | <0.1% | 48,760€ | -51.7% | -26,068€ | -53.5% | 5 | 981€ |
| 258 | Nos Space03543684 · Bar | <0.1% | 48,647€ | +26.3% | 863€ | 1.8% | 1 | 2,277€ |
| 259 | Touchmind Software LLP03528154 · Budva | <0.1% | 48,400€ | -85.3% | -23,066€ | -47.7% | 1 | 926€ |
| 260 | From Scratch03416348 · Podgorica | <0.1% | 48,345€ | +0.3% | 4,201€ | 8.7% | 2 | 1,232€ |
| 261 | Innobot03682668 · Podgorica | <0.1% | 48,177€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 32,643€ | 67.8% | 1 | 791€ |
| 262 | Flority03504387 · Podgorica | <0.1% | 48,000€ | +77.9% | 1,704€ | 3.6% | 3 | 813€ |
| 263 | Civil Bureau of Software Engineering03427986 · Herceg Novi | <0.1% | 47,981€ | -28.6% | 96€ | 0.2% | 2 | 1,015€ |
| 264 | Ltdtech03551237 · Podgorica | <0.1% | 47,347€ | +6.5% | -1,137€ | -2.4% | 1 | 2,151€ |
| 265 | Supremum03464288 · Podgorica | <0.1% | 47,200€ | +18.5% | 615€ | 1.3% | 1 | 3,019€ |
| 266 | Red Gear03432700 · Podgorica | <0.1% | 46,625€ | -21.9% | 28,273€ | 60.6% | 1 | 1,098€ |
| 267 | Tagani Automation03559939 · Ulcinj | <0.1% | 45,947€ | -44.3% | -8,488€ | -18.5% | 1 | 1,650€ |
| 268 | Arkassali03633217 · Podgorica | <0.1% | 45,542€ | -41.4% | -2,116€ | -4.6% | 1 | 3,562€ |
| 269 | Mikrobit02250586 · Herceg Novi | <0.1% | 45,208€ | +2.5% | -7,349€ | -16.3% | 3 | 677€ |
| 270 | Integral Geodata03203085 · Bar | <0.1% | 44,804€ | -15.7% | -2,515€ | -5.6% | 3 | 1,097€ |
| 271 | S&L Taranchenko03528847 · Tivat | <0.1% | 44,639€ | -57.8% | 30,169€ | 67.6% | 1 | 726€ |
| 272 | SG Computers03272575 · Bar | <0.1% | 44,427€ | +38.8% | 6,644€ | 15.0% | 2 | 1,325€ |
| 273 | Despot Technologies03484211 · Podgorica | <0.1% | 44,376€ | -1.5% | 2,483€ | 5.6% | 1 | 3,040€ |
| 274 | Mont Soft03731430 · Podgorica | <0.1% | 44,000€ | No filing for 2024. | 1,888€ | 4.3% | 1 | 746€ |
| 275 | Vivid Bits03380238 · Herceg Novi | <0.1% | 43,622€ | +13.1% | 530€ | 1.2% | 2 | 1,591€ |
| 276 | Dkoder03331318 · Podgorica | <0.1% | 43,490€ | +20.8% | -3,351€ | -7.7% | 2 | 1,199€ |
| 277 | Codeline03464482 · Podgorica | <0.1% | 43,250€ | -58.2% | -18,719€ | -43.3% | 1 | 2,705€ |
| 278 | Wombat03486923 · Budva | <0.1% | 42,285€ | +348.4% | 21,181€ | 50.1% | 2 | 696€ |
| 279 | W-Dev Consulting03665674 · Podgorica | <0.1% | 42,000€ | +137.3% | -384€ | -0.9% | 1 | 3,388€ |
| 280 | Nizovtsev Software Services03435849 · Bar | <0.1% | 41,629€ | -44.1% | 5,992€ | 14.4% | 1 | 2,637€ |
| 281 | Metadata Labs03772438 · Podgorica | <0.1% | 40,949€ | No filing for 2024. | 429€ | 1.0% | 1 | 3,238€ |
| 282 | Mne Tech03354539 · Bar | <0.1% | 40,498€ | +0.7% | 22,401€ | 55.3% | 1 | 1,147€ |
| 283 | Sentrix03387470 · Podgorica | <0.1% | 40,431€ | -8.8% | 817€ | 2.0% | 2 | 1,251€ |
| 284 | Hotfix03517195 · Podgorica | <0.1% | 40,306€ | -5.3% | -496€ | -1.2% | 1 | 2,039€ |
| 285 | Intell Informed03517993 · Podgorica | <0.1% | 39,700€ | +92.1% | 5,387€ | 13.6% | 1 | — |
| 286 | Panda Pasha Games03529258 · Budva | <0.1% | 39,220€ | +5.3% | 8,531€ | 21.8% | 1 | 1,006€ |
| 287 | Artsoft02364042 · Danilovgrad | <0.1% | 39,144€ | +10.1% | 102€ | 0.3% | 1 | 2,552€ |
| 288 | It and Tea03538133 · Budva | <0.1% | 39,125€ | +3,160.4% | 5,570€ | 14.2% | 2 | 803€ |
| 289 | Ikra Web03604195 · Bijelo Polje | <0.1% | 38,748€ | +138.7% | -545€ | -1.4% | 3 | 1,015€ |
| 290 | Zbor Mne03506177 · Podgorica | <0.1% | 38,722€ | +5,561.1% | 2,064€ | 5.3% | 2 | 1,300€ |
| 291 | Antonkor03431932 · Tivat | <0.1% | 37,740€ | +0.0% | 13,027€ | 34.5% | 2 | 841€ |
| 292 | Elastic03360768 · Podgorica | <0.1% | 37,692€ | +38.3% | -15,810€ | -41.9% | 3 | 1,192€ |
| 293 | Bankmind Solutions03778045 · Podgorica | <0.1% | 36,575€ | No filing for 2024. | 21,759€ | 59.5% | 1 | 993€ |
| 294 | Perke Tech03407926 · Cetinje | <0.1% | 36,447€ | +8.7% | -2,660€ | -7.3% | 1 | 2,418€ |
| 295 | Optimum Partners03512088 · Podgorica | <0.1% | 36,401€ | -42.0% | 2,581€ | 7.1% | 1 | 1,212€ |
| 296 | Nobu Dev03560724 · Herceg Novi | <0.1% | 36,256€ | +94.3% | -1,988€ | -5.5% | 1 | 3,119€ |
| 297 | Pay All Way03476685 · Tivat | <0.1% | 36,183€ | +162.2% | 86€ | 0.2% | 1 | 926€ |
| 298 | Zazenfly Development03551318 · Budva | <0.1% | 36,016€ | +109.8% | 7,258€ | 20.2% | 2 | 611€ |
| 299 | Gectak03599132 · Tivat | <0.1% | 36,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,982€ | 47.2% | 1 | 1,326€ |
| 300 | Greenacle03045471 · Tivat | <0.1% | 35,471€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,198€ | 11.8% | 1 | 681€ |