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 301–350 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% |
| 34,313€ |
| -9.3% |
| 12,420€ |
| 36.2% |
| 1 |
| 1,012€ |
| 303 | Forty Two Design03108619 · Bar | <0.1% | 34,280€ | +134.7% | 9,334€ | 27.2% | 1 | — |
| 304 | Macroteam03670813 · Podgorica | <0.1% | 33,764€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,603€ | -72.9% | 4 | 1,131€ |
| 305 | Solutaria03487067 · Podgorica | <0.1% | 33,764€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,963€ | -47.3% | 2 | 1,378€ |
| 306 | BTB Metrology03460924 · Herceg Novi | <0.1% | 33,752€ | -65.0% | 15,777€ | 46.7% | 1 | 1,002€ |
| 307 | Synesthesia Lab03420221 · Herceg Novi | <0.1% | 33,707€ | +187.9% | 14,420€ | 42.8% | 1 | 678€ |
| 308 | It Fundamentals03695921 · Podgorica | <0.1% | 33,634€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,029€ | -15.0% | 1 | 2,685€ |
| 309 | Lunam02931907 · Podgorica | <0.1% | 33,218€ | -71.1% | 12,360€ | 37.2% | 1 | 800€ |
| 310 | L Solution03309673 · Podgorica | <0.1% | 33,122€ | -70.3% | 142€ | 0.4% | 1 | 1,838€ |
| 311 | Vitalink Digital Development03456846 · Podgorica | <0.1% | 33,000€ | -50.0% | 6,990€ | 21.2% | 1 | 1,879€ |
| 312 | Seedev03425266 · Podgorica | <0.1% | 32,978€ | -14.0% | 10,522€ | 31.9% | 1 | 933€ |
| 313 | Moj Sajt03672646 · Bar | <0.1% | 32,821€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,831€ | 54.3% | 1 | — |
| 314 | Južni Klub03712753 · Podgorica | <0.1% | 32,690€ | No filing for 2024. | 17,066€ | 52.2% | 1 | 664€ |
| 315 | Euleria03490548 · Podgorica | <0.1% | 32,215€ | +14.6% | -5,006€ | -15.5% | 1 | — |
| 316 | Blueprint RTL03684067 · Podgorica | <0.1% | 32,000€ | +966.7% | 2,745€ | 8.6% | 2 | 537€ |
| 317 | RBG It Solutions03522938 · Podgorica | <0.1% | 31,680€ | +0.8% | 1,678€ | 5.3% | 1 | 2,400€ |
| 318 | Botech It Solutions03738299 · Podgorica | <0.1% | 31,113€ | No filing for 2024. | 8,123€ | 26.1% | 1 | 525€ |
| 319 | Racodeiq03423425 · Tivat | <0.1% | 30,901€ | -14.5% | -1,329€ | -4.3% | 1 | 2,351€ |
| 320 | Atria Learning03464253 · Podgorica | <0.1% | 30,825€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,321€ | 33.5% | 2 | 769€ |
| 321 | Butikovit03480470 · Herceg Novi | <0.1% | 30,814€ | +31.0% | 3,006€ | 9.8% | 1 | 2,132€ |
| 322 | Krdžex03636577 · Podgorica | <0.1% | 30,668€ | +52.1% | 500€ | 1.6% | 1 | 2,399€ |
| 323 | Heilar03384110 · Budva | <0.1% | 30,339€ | -6.7% | -1,835€ | -6.0% | 1 | 2,395€ |
| 324 | Programsio03423034 · Tivat | <0.1% | 30,301€ | -45.1% | 4,427€ | 14.6% | 1 | 1,861€ |
| 325 | Code02746786 · Bar | <0.1% | 30,022€ | +8.3% | -5,011€ | -16.7% | 1 | 393€ |
| 326 | Konfucije03453723 · Tivat | <0.1% | 29,900€ | +1.4% | 5,996€ | 20.1% | 1 | 1,260€ |
| 327 | Kapaev&K03452018 · Herceg Novi | <0.1% | 29,325€ | -13.8% | 8,697€ | 29.7% | 1 | 1,486€ |
| 328 | Dimilan03359646 · Bar | <0.1% | 29,300€ | +597.6% | 3,512€ | 12.0% | 1 | 2,011€ |
| 329 | Direktoroff03376338 · Herceg Novi | <0.1% | 29,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,859€ | 61.2% | 2 | 338€ |
| 330 | Advertico03500241 · Budva | <0.1% | 28,924€ | -59.0% | -22,968€ | -79.4% | 5 | 815€ |
| 331 | Tabutask03496317 · Ulcinj | <0.1% | 28,800€ | 0.0% | 6,217€ | 21.6% | 1 | 1,269€ |
| 332 | Kletsko Family03417956 · Budva | <0.1% | 28,400€ | +1,320.0% | 11,451€ | 40.3% | 1 | 716€ |
| 333 | Devocode03520773 · Podgorica | <0.1% | 28,133€ | -30.0% | -465€ | -1.7% | 1 | 2,011€ |
| 334 | Proseosite03261395 · Budva | <0.1% | 27,568€ | +52.6% | -2,156€ | -7.8% | 3 | 759€ |
| 335 | Siam03755347 · Podgorica | <0.1% | 27,524€ | No filing for 2024. | 314€ | 1.1% | 1 | 2,119€ |
| 336 | Mgta Internacional03736202 · Bijelo Polje | <0.1% | 27,500€ | No filing for 2024. | 2,137€ | 7.8% | 2 | 985€ |
| 337 | Kodkom03277798 · Podgorica | <0.1% | 27,021€ | -62.9% | 10,086€ | 37.3% | 1 | 576€ |
| 338 | Sigmanet03459047 · Herceg Novi | <0.1% | 26,507€ | +9.8% | 11,189€ | 42.2% | 1 | 927€ |
| 339 | Bambara Tech03500012 · Podgorica | <0.1% | 26,430€ | +81.3% | -5,353€ | -20.3% | 2 | 933€ |
| 340 | Finch Fam Tech03476006 · Bar | <0.1% | 26,000€ | +136.4% | 4,698€ | 18.1% | 1 | 926€ |
| 341 | Pafera Technologies03597059 · Podgorica | <0.1% | 25,918€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,388€ | 13.1% | 1 | 1,063€ |
| 342 | Adria Technology Solutions03626024 · Herceg Novi | <0.1% | 25,917€ | -12.7% | 5,085€ | 19.6% | 1 | 1,033€ |
| 343 | Prava Tema03450597 · Bar | <0.1% | 25,853€ | +193.5% | 7,430€ | 28.7% | 1 | 937€ |
| 344 | Pure Solutions03390705 · Herceg Novi | <0.1% | 25,850€ | -21.7% | 1,290€ | 5.0% | 2 | 929€ |
| 345 | Vip Digital03322025 · Podgorica | <0.1% | 25,556€ | +18.1% | 216€ | 0.8% | 1 | 1,530€ |
| 346 | K Mobile Solutions03717232 · Budva | <0.1% | 25,030€ | No filing for 2024. | 7,235€ | 28.9% | 1 | 846€ |
| 347 | Iti Me03426602 · Herceg Novi | <0.1% | 25,007€ | -48.7% | -6,877€ | -27.5% | 1 | 2,315€ |
| 348 | Alvutech03783154 · Podgorica | <0.1% | 24,788€ | No filing for 2024. | 11,585€ | 46.7% | 0 | — |
| 349 | We Contact03437558 · Bar | <0.1% | 24,707€ | +33.6% | -1,139€ | -4.6% | 1 | 1,996€ |
| 350 | Leto Beskonechno03374505 · Herceg Novi | <0.1% | 24,300€ | +58.8% | -1,567€ | -6.4% | 3 | 679€ |