Revenue
7.1% of sector revenue
347 companies earned 45.56m€ in 2025, 7.1% of Technology sector revenue. Revenue has grown 6.1× since 2015.
7.1% of sector revenue
242 with at most one employee
Largest employer: First Line Software (106)
Median company 2.1% · 43% 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 101–150 of 347
* 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 7 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 | 7,488,938€ | 46 |
| 2016 | 9,353,799€ | 55 |
| 2017 | 10,985,329€ | 66 |
| 2018 | 13,209,796€ | 106 |
| 2019 | 13,368,264€ | 126 |
| 2020 | 13,832,761€ | 143 |
| 2021 | 15,185,053€ | 183 |
| 2022 | 28,793,217€ | 281 |
| 2023 | 38,205,276€ | 336 |
| 2024 | 48,206,856€ | 334 |
| 2025 (Preliminary) | 45,561,048€ | 347 |
The number of companies jumped most in 2022: from 183 to 281.
Employees and payroll cost per employee per month*
<0.1% |
| 45,500€ |
| +18.2% |
| 24,632€ |
| 54.1% |
| 1 |
| 947€ |
| 103 | N-Com03314855 · Bijelo Polje | <0.1% | 44,925€ | +49.2% | 3,949€ | 8.8% | 2 | 1,549€ |
| 104 | Sicam Company03708594 · Berane | <0.1% | 44,754€ | +435.0% | 9,364€ | 20.9% | 1 | 1,839€ |
| 105 | Logo Montenegro03753328 · Podgorica | <0.1% | 44,414€ | No filing for 2024. | 3,218€ | 7.2% | 2 | 1,133€ |
| 106 | Updigital03134547 · Podgorica | <0.1% | 43,448€ | -51.3% | 16,695€ | 38.4% | 3 | 693€ |
| 107 | Kub-It03742202 · Podgorica | <0.1% | 42,213€ | No filing for 2024. | 547€ | 1.3% | 0 | — |
| 108 | Lunar03429296 · Plav | <0.1% | 39,964€ | -3.0% | 1,363€ | 3.4% | 1 | 1,770€ |
| 109 | Stellar Solutions03714241 · Berane | <0.1% | 39,570€ | +1,219.0% | 7,829€ | 19.8% | 1 | 2,541€ |
| 110 | Sapspec TR03521346 · Ulcinj | <0.1% | 39,289€ | +128.1% | 24,522€ | 62.4% | 1 | 679€ |
| 111 | Info-Consult03437736 · Herceg Novi | <0.1% | 38,633€ | -18.2% | -2,313€ | -6.0% | 1 | 3,041€ |
| 112 | Novirocks03468607 · Herceg Novi | <0.1% | 38,575€ | No filing for 2024. | 262€ | 0.7% | 1 | 2,540€ |
| 113 | Telmont - Montenegro02848422 · Nikšić | <0.1% | 35,397€ | +1.4% | 16€ | 0.0% | 2 | 652€ |
| 114 | Root It03547060 · Podgorica | <0.1% | 35,197€ | -39.1% | -3,573€ | -10.2% | 1 | 2,222€ |
| 115 | Wazda03703665 · Podgorica | <0.1% | 35,070€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,542€ | 30.1% | 1 | 1,448€ |
| 116 | Edutech Consulting03661423 · Podgorica | <0.1% | 32,800€ | +86.4% | 1,329€ | 4.1% | 2 | 1,102€ |
| 117 | House of Benefits03641350 · Podgorica | <0.1% | 32,056€ | -59.9% | 14,739€ | 46.0% | 2 | 564€ |
| 118 | Laskins03512428 · Podgorica | <0.1% | 31,759€ | -38.8% | -2,826€ | -8.9% | 1 | 1,191€ |
| 119 | Abacus Business System03151743 · Podgorica | <0.1% | 31,615€ | +27.7% | 6,412€ | 20.3% | 2 | 683€ |
| 120 | Urdesic.Consulting03165027 · Podgorica | <0.1% | 31,500€ | +3.9% | 13,695€ | 43.5% | 1 | 1,191€ |
| 121 | It Podrška03405940 · Herceg Novi | <0.1% | 31,368€ | +49.9% | 1,137€ | 3.6% | 1 | 2,336€ |
| 122 | Kolodinski03424634 · Bar | <0.1% | 30,161€ | -7.9% | 31€ | 0.1% | 1 | 2,162€ |
| 123 | Summit Tech03307450 · Podgorica | <0.1% | 30,060€ | +399.3% | 17,048€ | 56.7% | 1 | 678€ |
| 124 | Studio Zeidler03674991 · Nikšić | <0.1% | 29,402€ | +59.2% | -5,620€ | -19.1% | 1 | 2,609€ |
| 125 | Profitable Online Solutions03610438 · Podgorica | <0.1% | 29,380€ | +180.7% | 13,249€ | 45.1% | 1 | 950€ |
| 126 | Quietly03217728 · Podgorica | <0.1% | 29,287€ | +16.5% | -28,445€ | -97.1% | 2 | 484€ |
| 127 | CCS Solutions03205843 · Budva | <0.1% | 29,192€ | -26.2% | 13,917€ | 47.7% | 1 | 922€ |
| 128 | Dea Tech03632202 · Nikšić | <0.1% | 29,159€ | -9.9% | 6,279€ | 21.5% | 1 | 1,760€ |
| 129 | Ict-Solution4me03334414 · Podgorica | <0.1% | 28,995€ | -25.6% | 966€ | 3.3% | 1 | — |
| 130 | NB Studio03434524 · Tivat | <0.1% | 28,690€ | -27.5% | -16€ | -0.1% | 1 | 2,088€ |
| 131 | Montenegro Systems03456951 · Budva | <0.1% | 28,435€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,813€ | 62.6% | 1 | 803€ |
| 132 | BBL Connections03346579 · Podgorica | <0.1% | 28,091€ | -6.2% | -3,217€ | -11.5% | 1 | 1,708€ |
| 133 | Management and It Security03247694 · Podgorica | <0.1% | 27,430€ | +231.5% | 16,133€ | 58.8% | 1 | 680€ |
| 134 | Trust Soft03653382 · Podgorica | <0.1% | 27,206€ | +214.2% | 4,356€ | 16.0% | 1 | 1,646€ |
| 135 | Infotrust03763358 · Danilovgrad | <0.1% | 27,119€ | No filing for 2024. | 8,585€ | 31.7% | 1 | 1,074€ |
| 136 | Wtme03413578 · Budva | <0.1% | 26,704€ | +39.2% | 1,869€ | 7.0% | 2 | 686€ |
| 137 | Nova Zvezda03399036 · Herceg Novi | <0.1% | 26,595€ | +5.5% | 1,979€ | 7.4% | 1 | 1,186€ |
| 138 | Nomad House03510450 · Podgorica | <0.1% | 26,580€ | +1,401.7% | 16,758€ | 63.0% | 1 | 678€ |
| 139 | Smart Bit03699684 · Podgorica | <0.1% | 25,830€ | No filing for 2024. | 20,293€ | 78.6% | 1 | 461€ |
| 140 | Sindikat Digital03608247 · Podgorica | <0.1% | 25,041€ | +314.6% | 5,343€ | 21.3% | 1 | 1,332€ |
| 141 | Pinecode03578917 · Podgorica | <0.1% | 24,998€ | -60.8% | -6,152€ | -24.6% | 1 | 940€ |
| 142 | Itsystem02946688 · Bar | <0.1% | 24,310€ | -14.0% | 9,770€ | 40.2% | 1 | 314€ |
| 143 | Barkraft03362159 · Podgorica | <0.1% | 22,816€ | +715.7% | 10,744€ | 47.1% | 1 | 791€ |
| 144 | Muratshaev&Co03356221 · Bar | <0.1% | 21,650€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,165€ | 60.8% | 2 | 303€ |
| 145 | Diverse Solutions03420345 · Bar | <0.1% | 21,500€ | -51.2% | -9,009€ | -41.9% | 3 | 534€ |
| 146 | Borisov & Co03484220 · Budva | <0.1% | 21,500€ | +13.2% | 1,259€ | 5.9% | 1 | 926€ |
| 147 | Sooop03432033 · Bar | <0.1% | 21,015€ | +23.6% | -47€ | -0.2% | 2 | 804€ |
| 148 | Orion Group02853523 · Cetinje | <0.1% | 20,600€ | +27.7% | 418€ | 2.0% | 1 | 1,321€ |
| 149 | 4202783568 · Cetinje | <0.1% | 20,251€ | +36.6% | 0€ | 0.0% | 2 | 675€ |
| 150 | Tvme Engineering03289184 · Podgorica | <0.1% | 20,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,183€ | 40.9% | 1 | 678€ |