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 701–750 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% |
| 46,440€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -14,408€ |
| -31.0% |
| 1 |
| 2,768€ |
| 703 | Luč02174979 · Berane | <0.1% | 46,335€ | +13.5% | -19,484€ | -42.1% | 1 | 1,749€ |
| 704 | Ozdemir Group03399389 · Budva | <0.1% | 46,194€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,822€ | 49.4% | 1 | 1,389€ |
| 705 | Top Moda02917408 · Podgorica | <0.1% | 45,155€ | +77.1% | -187€ | -0.4% | 4 | 592€ |
| 706 | NBS03299511 · Danilovgrad | <0.1% | 44,336€ | +135.2% | -60,875€ | -137.3% | 3 | 567€ |
| 707 | Kmo Solar03418235 · Budva | <0.1% | 44,123€ | -43.3% | -17,600€ | -39.9% | 1 | 683€ |
| 708 | Barnar03100910 · Bar | <0.1% | 43,920€ | +66.4% | 1,233€ | 2.8% | 1 | — |
| 709 | Imp Company03640272 · Podgorica | <0.1% | 43,324€ | -23.2% | -5,439€ | -12.6% | 1 | 340€ |
| 710 | HZR03759784 · Podgorica | <0.1% | 43,049€ | No filing for 2024. | 902€ | 2.1% | 0 | — |
| 711 | Sans-Mont03696138 · Podgorica | <0.1% | 42,979€ | No filing for 2024. | -21,480€ | -50.0% | 2 | 812€ |
| 712 | Bonus Max03185044 · Podgorica | <0.1% | 42,858€ | -4.7% | -6,806€ | -15.9% | 1 | — |
| 713 | Multitask03101894 · Podgorica | <0.1% | 42,612€ | -36.2% | 2,260€ | 5.3% | 1 | 452€ |
| 714 | Monstar02902311 · Nikšić | <0.1% | 42,436€ | -13.8% | 2,576€ | 6.1% | 1 | 922€ |
| 715 | 3B Group03723151 · Tuzi | <0.1% | 42,400€ | No filing for 2024. | 2,092€ | 4.9% | 1 | 1,496€ |
| 716 | Toska SS103595749 · Podgorica | <0.1% | 42,332€ | +23.3% | -7,909€ | -18.7% | 2 | 726€ |
| 717 | Adaptive03339661 · Podgorica | <0.1% | 41,909€ | +15.6% | 10,579€ | 25.2% | 1 | 1,556€ |
| 718 | MB Moda Tex02975807 · Herceg Novi | <0.1% | 41,606€ | +142.4% | 1,795€ | 4.3% | 1 | 712€ |
| 719 | Luxsos02885719 · Tivat | <0.1% | 41,385€ | -77.5% | 2,403€ | 5.8% | 1 | 560€ |
| 720 | Aquaphor Mne03208435 · Kotor | <0.1% | 41,263€ | +21.5% | -3,636€ | -8.8% | 3 | 484€ |
| 721 | Maido03657876 · Podgorica | <0.1% | 41,121€ | +645.4% | 101€ | 0.2% | 1 | 872€ |
| 722 | Obuća Todor03084566 · Podgorica | <0.1% | 41,012€ | +30.0% | 5,855€ | 14.3% | 1 | 675€ |
| 723 | Ram Trade03302946 · Berane | <0.1% | 40,617€ | -14.9% | -5,556€ | -13.7% | 1 | 925€ |
| 724 | Quest Group03511260 · Tivat | <0.1% | 40,500€ | +103.7% | -14,414€ | -35.6% | 1 | 2,162€ |
| 725 | Baćović Pak03068722 · Nikšić | <0.1% | 40,484€ | -19.3% | 1,054€ | 2.6% | 2 | — |
| 726 | N & B Trade02431602 · Bar | <0.1% | 40,309€ | +23.0% | -9,211€ | -22.9% | 2 | 675€ |
| 727 | Aluminijum02677253 · Budva | <0.1% | 40,116€ | +88.2% | -7,113€ | -17.7% | 2 | 563€ |
| 728 | Nivna03632652 · Cetinje | <0.1% | 39,933€ | +96.7% | 3,199€ | 8.0% | 1 | 637€ |
| 729 | Dena02622734 · Kotor | <0.1% | 39,585€ | +23.5% | 1,122€ | 2.8% | 2 | 854€ |
| 730 | Sword Trade03659089 · Bar | <0.1% | 39,433€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -41,751€ | -105.9% | 2 | — |
| 731 | Dramil02168057 · Bijelo Polje | <0.1% | 38,558€ | -10.9% | -637€ | -1.7% | 1 | — |
| 732 | 5-Star Business Academy03447413 · Budva | <0.1% | 38,540€ | -20.0% | -39,977€ | -103.7% | 2 | 672€ |
| 733 | Kril03722350 · Nikšić | <0.1% | 38,492€ | No filing for 2024. | -12,250€ | -31.8% | 3 | 437€ |
| 734 | Lunan03285715 · Podgorica | <0.1% | 38,455€ | -72.6% | 24,794€ | 64.5% | 1 | 449€ |
| 735 | Electra Energy03715957 · Bar | <0.1% | 38,400€ | No filing for 2024. | 5,683€ | 14.8% | 1 | 630€ |
| 736 | Montechem02987732 · Budva | <0.1% | 37,773€ | +22.8% | -2,146€ | -5.7% | 1 | — |
| 737 | MKM Group03241327 · Podgorica | <0.1% | 37,494€ | -3.9% | 10,447€ | 27.9% | 1 | 1,137€ |
| 738 | Lanos02747286 · Podgorica | <0.1% | 37,460€ | +7.5% | 5,159€ | 13.8% | 1 | 357€ |
| 739 | Aevum Health Care03395014 · Podgorica | <0.1% | 37,387€ | -5.5% | -13,136€ | -35.1% | 1 | 918€ |
| 740 | Caka Saglik03601650 · Podgorica | <0.1% | 37,238€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,324€ | 41.2% | 1 | 878€ |
| 741 | Kuzey R03237893 · Bijelo Polje | <0.1% | 37,127€ | +60.1% | -15,581€ | -42.0% | 2 | 767€ |
| 742 | Apollo Telecom03043134 · Berane | <0.1% | 36,229€ | -5.5% | 17,283€ | 47.7% | 1 | — |
| 743 | Fiss Group CG03658473 · Podgorica | <0.1% | 35,954€ | +343.9% | 4,158€ | 11.6% | 1 | 337€ |
| 744 | SKY High LTD03517284 · Herceg Novi | <0.1% | 35,875€ | +92.2% | -23,940€ | -66.7% | 1 | 2,772€ |
| 745 | Av System03745937 · Podgorica | <0.1% | 35,194€ | No filing for 2024. | -10,980€ | -31.2% | 1 | 2,053€ |
| 746 | Lazber03585131 · Podgorica | <0.1% | 34,909€ | +88.5% | 6,669€ | 19.1% | 1 | 619€ |
| 747 | Hong Sheng02939398 · Tuzi | <0.1% | 34,160€ | +38.4% | -16,241€ | -47.5% | 1 | 929€ |
| 748 | East Way03398595 · Bar | <0.1% | 34,137€ | -72.8% | 7,524€ | 22.0% | 1 | 678€ |
| 749 | Ans Company03490980 · Bar | <0.1% | 33,927€ | +44.9% | 571€ | 1.7% | 2 | 661€ |
| 750 | Sirius02316030 · Bar | <0.1% | 33,792€ | -19.5% | -36,139€ | -106.9% | 2 | 1,024€ |