Revenue
4.3% of sector revenue
160 companies earned 27.36m€ in 2025, 4.3% of Technology sector revenue. Revenue has grown 21.4× since 2015.
4.3% of sector revenue
122 with at most one employee
Largest employer: Tungsten Montenegro (117)
Median company -3.8% · 31% 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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 151–160 of 160
* 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 →
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 | 1,280,883€ | 15 |
| 2016 | 1,345,183€ | 20 |
| 2017 | 1,511,353€ | 44 |
| 2018 | 1,458,078€ | 46 |
| 2019 | 1,531,151€ | 20 |
| 2020 | 1,728,455€ | 26 |
| 2021 | 3,300,262€ | 33 |
| 2022 | 10,548,379€ | 122 |
| 2023 | 25,602,012€ | 142 |
| 2024 | 43,009,492€ | 157 |
| 2025 (Preliminary) | 27,364,566€ | 160 |
The number of companies jumped most in 2022: from 33 to 122.
0.0% |
| 0€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -8,538€ |
| — |
| 1 |
| 687€ |
| 153 | Ofirk Design03727351 · Budva | 0.0% | 0€ | No filing for 2024. | -4,276€ | — | 1 | 339€ |
| 154 | Pay 4 You03526585 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,131€ | — | 1 | 339€ |
| 155 | Polina Kit02955300 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,153€ | — | 1 | 677€ |
| 156 | Project Ptica03466256 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,251€ | — | 1 | 922€ |
| 157 | Spirit of Montenegro03760464 · Bar | 0.0% | 0€ | No filing for 2024. | -9,656€ | — | 1 | 797€ |
| 158 | Starkinc03630617 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,688€ | — | 3 | 677€ |
| 159 | Testino Software03653714 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,270€ | — | 1 | 586€ |
| 160 | Vistawave03667057 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,361€ | — | 2 | 678€ |