Revenue
27.3% of sector revenue
1,621 companies earned 2.06b€ in 2025, 27.3% of Trade sector revenue. Revenue has grown 2.3× since 2015.
27.3% of sector revenue
977 with at most one employee
Largest employer: Voli Trade (2,406)
Median company 2.6% · 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 601–650 of 1,621
* 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 1 sole proprietor: 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 | 900,669,957€ | 921 |
| 2016 | 964,118,232€ | 950 |
| 2017 | 1,051,037,248€ | 1,011 |
| 2018 | 1,098,749,824€ | 1,106 |
| 2019 | 1,138,974,974€ | 1,172 |
| 2020 | 1,002,515,657€ | 1,236 |
| 2021 | 1,200,947,089€ | 1,281 |
| 2022 | 1,511,714,430€ | 1,413 |
| 2023 | 1,724,556,676€ | 1,662 |
| 2024 | 1,871,075,248€ | 1,701 |
| 2025 (Preliminary) | 2,064,616,617€ | 1,621 |
Employees and payroll cost per employee per month*
<0.1% |
| 83,416€ |
| +57.2% |
| 10,765€ |
| 12.9% |
| 1 |
| 677€ |
| 603 | Ljubo Company03687759 · Podgorica | <0.1% | 83,073€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 24,534€ | 29.5% | 3 | 604€ |
| 604 | Hellada03610110 · Podgorica | <0.1% | 82,433€ | +872.2% | -95,184€ | -115.5% | 1 | 4,065€ |
| 605 | Martines Mne03677435 · Podgorica | <0.1% | 82,313€ | +472.2% | 20,473€ | 24.9% | 1 | 678€ |
| 606 | Gold Street No103339530 · Podgorica | <0.1% | 81,822€ | +229.3% | 15,525€ | 19.0% | 2 | 1,342€ |
| 607 | Inventing03073521 · Podgorica | <0.1% | 81,140€ | -18.0% | 27,746€ | 34.2% | 3 | 996€ |
| 608 | MG Consultancy and Import Export03383342 · Podgorica | <0.1% | 80,000€ | +60.0% | 68,741€ | 85.9% | 1 | 929€ |
| 609 | Sunglasses02711281 · Podgorica | <0.1% | 79,981€ | +187.4% | 23,832€ | 29.8% | 1 | 1,271€ |
| 610 | Interart03268748 · Podgorica | <0.1% | 79,902€ | +50.6% | -13,062€ | -16.3% | 2 | 634€ |
| 611 | Mond-Mani02191113 · Cetinje | <0.1% | 79,475€ | +18.2% | 7,111€ | 8.9% | 1 | 930€ |
| 612 | Mad Company02945193 · Podgorica | <0.1% | 78,523€ | -50.5% | 2,041€ | 2.6% | 1 | 678€ |
| 613 | Treštanik -Komerc02342677 · Kotor | <0.1% | 78,394€ | -17.6% | 4,753€ | 6.1% | 2 | 622€ |
| 614 | Print Studio02442841 · Podgorica | <0.1% | 78,036€ | -39.7% | 838€ | 1.1% | 1 | 4,270€ |
| 615 | Garant NK03019276 · Nikšić | <0.1% | 78,032€ | -7.5% | 1,095€ | 1.4% | 1 | — |
| 616 | Limov-Radović02786222 · Herceg Novi | <0.1% | 76,842€ | -51.3% | 18,758€ | 24.4% | 4 | 658€ |
| 617 | Sova Retail Mne03419550 · Tivat | <0.1% | 75,986€ | +35.0% | -13,232€ | -17.4% | 1 | 927€ |
| 618 | Royal Produce of Montenegro02890232 · Podgorica | <0.1% | 75,480€ | -72.7% | -17,399€ | -23.1% | 1 | 794€ |
| 619 | Vamos HN03056180 · Herceg Novi | <0.1% | 75,457€ | -2.8% | 628€ | 0.8% | 2 | 677€ |
| 620 | Vatreks Rescue CG03395596 · Podgorica | <0.1% | 75,211€ | +55.8% | 9,076€ | 12.1% | 1 | 972€ |
| 621 | Autosport Montenegro03230295 · Podgorica | <0.1% | 74,536€ | -16.0% | 14,804€ | 19.9% | 2 | 525€ |
| 622 | Agro Eminent Company03145000 · Bar | <0.1% | 74,304€ | +24.8% | 14,714€ | 19.8% | 1 | 973€ |
| 623 | Prohousemontenegro03093549 · Podgorica | <0.1% | 73,897€ | -88.1% | -118,646€ | -160.6% | 2 | 1,238€ |
| 624 | Spona M02666979 · Podgorica | <0.1% | 73,405€ | +15.2% | 4,444€ | 6.1% | 2 | 574€ |
| 625 | Manolex03660974 · Podgorica | <0.1% | 73,296€ | +695.9% | 26,203€ | 35.7% | 1 | 515€ |
| 626 | DM Vipo Trgovina02744244 · Budva | <0.1% | 73,293€ | +27.8% | -10,298€ | -14.1% | 1 | 850€ |
| 627 | Tehnoinženjering-Šljivančanin02292807 · Podgorica | <0.1% | 72,776€ | -51.7% | 4,006€ | 5.5% | 1 | 1,264€ |
| 628 | V&P Com03167577 · Podgorica | <0.1% | 72,352€ | -22.7% | -17,512€ | -24.2% | 2 | 756€ |
| 629 | Antracit03735605 · Podgorica | <0.1% | 72,316€ | No filing for 2024. | 26,785€ | 37.0% | 1 | — |
| 630 | Skipper Pro 503564193 · Nikšić | <0.1% | 72,225€ | +33.1% | 27,316€ | 37.8% | 1 | — |
| 631 | Fortunato03653609 · Podgorica | <0.1% | 71,381€ | +58.9% | 14,414€ | 20.2% | 1 | 1,017€ |
| 632 | G Decor Lux03466183 · Danilovgrad | <0.1% | 70,875€ | +69.1% | 5,061€ | 7.1% | 1 | 959€ |
| 633 | Bayhan Steel Trading03631427 · Podgorica | <0.1% | 70,478€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,713€ | 5.3% | 1 | 675€ |
| 634 | Multigroup03195295 · Podgorica | <0.1% | 70,103€ | -53.0% | 1,850€ | 2.6% | 1 | 1,286€ |
| 635 | Consilium Group03328384 · Podgorica | <0.1% | 70,000€ | -22.4% | -143,425€ | -204.9% | 1 | — |
| 636 | Ana-Trio02358492 · Bar | <0.1% | 69,697€ | -2.6% | -811€ | -1.2% | 2 | 578€ |
| 637 | De Marko03457940 · Bijelo Polje | <0.1% | 69,491€ | +86.6% | 14,165€ | 20.4% | 5 | 501€ |
| 638 | Lufi Keramika03475875 · Ulcinj | <0.1% | 69,256€ | -64.2% | -43,259€ | -62.5% | 2 | 1,120€ |
| 639 | Afrodita02817705 · Podgorica | <0.1% | 68,593€ | -45.8% | -14,704€ | -21.4% | 2 | 855€ |
| 640 | Com Plus02448165 · Podgorica | <0.1% | 67,962€ | -49.5% | -32,387€ | -47.7% | 1 | 2,199€ |
| 641 | Tara Express03368840 · Berane | <0.1% | 66,863€ | +84.3% | 8,428€ | 12.6% | 1 | 1,890€ |
| 642 | Serdar Company02938294 · Budva | <0.1% | 66,776€ | -32.6% | 3,362€ | 5.0% | 1 | 1,454€ |
| 643 | Top N Sistem03365565 · Podgorica | <0.1% | 66,747€ | +13.9% | -1,446€ | -2.2% | 1 | 1,409€ |
| 644 | Konekto Services03709264 · Herceg Novi | <0.1% | 66,344€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 21,023€ | 31.7% | 2 | 562€ |
| 645 | Fortis Pharm03672581 · Podgorica | <0.1% | 64,796€ | +735.9% | 8,575€ | 13.2% | 2 | 378€ |
| 646 | Bubble Factory Mne03544648 · Podgorica | <0.1% | 64,755€ | +114.2% | 1,964€ | 3.0% | 3 | 624€ |
| 647 | Alpen Pharma02864916 · Podgorica | <0.1% | 64,557€ | -20.3% | 1,401€ | 2.2% | 2 | 2,042€ |
| 648 | Horeco03762262 · Podgorica | <0.1% | 64,420€ | No filing for 2024. | -21,224€ | -32.9% | 1 | 2,193€ |
| 649 | Adam Concept03341631 · Podgorica | <0.1% | 64,222€ | -27.9% | 3,340€ | 5.2% | 1 | 1,197€ |
| 650 | MDS - Co02750988 · Cetinje | <0.1% | 64,160€ | +67.9% | -7,467€ | -11.6% | 2 | 678€ |