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 801–850 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% |
| 24,445€ |
| -4.6% |
| 939€ |
| 3.8% |
| 3 |
| 502€ |
| 803 | Semum03641996 · Podgorica | <0.1% | 24,412€ | -88.4% | -5,588€ | -22.9% | 1 | 708€ |
| 804 | Kenan Prom03783626 · Podgorica | <0.1% | 24,347€ | No filing for 2024. | -4,189€ | -17.2% | 2 | 604€ |
| 805 | Green Group03393437 · Budva | <0.1% | 23,292€ | -18.4% | -26,173€ | -112.4% | 2 | 623€ |
| 806 | Kliring03276953 · Danilovgrad | <0.1% | 23,270€ | -12.0% | 2,662€ | 11.4% | 1 | — |
| 807 | Hard Mont02392674 · Podgorica | <0.1% | 23,139€ | -19.7% | 42€ | 0.2% | 1 | 734€ |
| 808 | Dikka Aspida02696029 · Kotor | <0.1% | 22,813€ | -10.8% | -974€ | -4.3% | 2 | 603€ |
| 809 | A&V Home Decor03797767 · Podgorica | <0.1% | 22,809€ | No filing for 2024. | 8,556€ | 37.5% | 1 | — |
| 810 | Elektrovod02274469 · Podgorica | <0.1% | 22,626€ | -1.4% | 13,619€ | 60.2% | 1 | — |
| 811 | Gordi Commerce02147874 · Podgorica | <0.1% | 22,391€ | -9.8% | -11,099€ | -49.6% | 1 | 881€ |
| 812 | Dekar02064693 · Podgorica | <0.1% | 22,379€ | -86.7% | 4,650€ | 20.8% | 2 | 436€ |
| 813 | Monte - Swiss02802490 · Bar | <0.1% | 22,320€ | +21.8% | -6,697€ | -30.0% | 1 | 735€ |
| 814 | Mon Chemistry03623823 · Bar | <0.1% | 22,000€ | +680.1% | 9,770€ | 44.4% | 1 | 924€ |
| 815 | Joksimović02279428 · Bijelo Polje | <0.1% | 21,820€ | +10.0% | -18,819€ | -86.2% | 2 | 675€ |
| 816 | Mma - Matković03071456 · Nikšić | <0.1% | 21,738€ | +9.4% | -7,494€ | -34.5% | 1 | 675€ |
| 817 | N.IVA02826275 · Tivat | <0.1% | 21,626€ | -9.9% | 1,679€ | 7.8% | 2 | 504€ |
| 818 | Daylight Trading03406199 · Podgorica | <0.1% | 21,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,395€ | 34.4% | 1 | 927€ |
| 819 | Tom Works03240916 · Budva | <0.1% | 21,237€ | +1,401.9% | 12,783€ | 60.2% | 1 | 679€ |
| 820 | Notus Corporation03503755 · Budva | <0.1% | 21,000€ | +90.9% | 7,439€ | 35.4% | 1 | 928€ |
| 821 | Morely03549640 · Budva | <0.1% | 20,984€ | +200.8% | -21,569€ | -102.8% | 1 | 1,682€ |
| 822 | Jovan Stankov02282437 · Cetinje | <0.1% | 20,897€ | -67.4% | 420€ | 2.0% | 1 | 384€ |
| 823 | Eko Company03017788 · Herceg Novi | <0.1% | 20,884€ | +134.5% | -1,286€ | -6.2% | 1 | 438€ |
| 824 | Rize Group03253325 · Tivat | <0.1% | 20,862€ | -63.5% | 1,229€ | 5.9% | 1 | 688€ |
| 825 | Ethno Grbalj03549674 · Kotor | <0.1% | 20,682€ | -26.2% | -440€ | -2.1% | 1 | — |
| 826 | Euro Parts 00703145948 · Podgorica | <0.1% | 20,345€ | -80.5% | 3,098€ | 15.2% | 1 | 746€ |
| 827 | Infratrade03737381 · Podgorica | <0.1% | 20,036€ | No filing for 2024. | 4,153€ | 20.7% | 1 | 1,250€ |
| 828 | Adrianovi03578542 · Podgorica | <0.1% | 19,950€ | +81.4% | 1,911€ | 9.6% | 1 | 1,102€ |
| 829 | Moon Design03565521 · Podgorica | <0.1% | 19,600€ | +108.5% | -23,325€ | -119.0% | 2 | 922€ |
| 830 | Jela02064928 · Podgorica | <0.1% | 19,284€ | -47.3% | 3,218€ | 16.7% | 1 | 678€ |
| 831 | Caner Arikan Export-Import03558100 · Budva | <0.1% | 19,149€ | +27.7% | -6,245€ | -32.6% | 1 | 677€ |
| 832 | BGHS03672042 · Mojkovac | <0.1% | 18,854€ | +68.4% | 1,828€ | 9.7% | 1 | — |
| 833 | Irrigate Technologies Consultancy and Trading03589471 · Bar | <0.1% | 18,518€ | +70.8% | -4,720€ | -25.5% | 1 | 677€ |
| 834 | Asmira Montenegro03209245 · Herceg Novi | <0.1% | 18,492€ | -88.5% | -7,459€ | -40.3% | 1 | 929€ |
| 835 | Buster - Co02966581 · Danilovgrad | <0.1% | 18,074€ | +44.3% | 9,973€ | 55.2% | 1 | 675€ |
| 836 | Ekinoks-International03582973 · Budva | <0.1% | 18,000€ | +140.0% | 8,446€ | 46.9% | 1 | 675€ |
| 837 | Wire Link03696251 · Podgorica | <0.1% | 17,980€ | +521.5% | 4,445€ | 24.7% | 1 | 1,110€ |
| 838 | Julcon03428664 · Bar | <0.1% | 17,797€ | -48.6% | 5,191€ | 29.2% | 1 | 678€ |
| 839 | Sunway Company02316064 · Budva | <0.1% | 17,715€ | +6.1% | 3,731€ | 21.1% | 1 | 513€ |
| 840 | VMJ03793737 · Zeta | <0.1% | 17,709€ | No filing for 2024. | 137€ | 0.8% | 1 | — |
| 841 | Belladonna Group03573931 · Bar | <0.1% | 17,372€ | -93.7% | -19,046€ | -109.6% | 1 | — |
| 842 | Excellentoptic03102335 · Podgorica | <0.1% | 17,368€ | +13.7% | -10,169€ | -58.6% | 2 | 719€ |
| 843 | Emcg03086852 · Podgorica | <0.1% | 17,348€ | +16.9% | 2,880€ | 16.6% | 1 | — |
| 844 | Victoria System02900432 · Podgorica | <0.1% | 17,330€ | -5.3% | 0€ | 0.0% | 2 | 678€ |
| 845 | Fgtivat03520145 · Tivat | <0.1% | 16,949€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,759€ | 16.3% | 1 | 678€ |
| 846 | M&V Company02098407 · Podgorica | <0.1% | 16,801€ | -55.8% | -25,412€ | -151.3% | 3 | 675€ |
| 847 | As Silver03595994 · Podgorica | <0.1% | 16,428€ | -15.3% | -23,104€ | -140.6% | 3 | 574€ |
| 848 | Vesna 200002747600 · Bar | <0.1% | 16,356€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,951€ | -140.3% | 1 | 677€ |
| 849 | Filtermax03608778 · Budva | <0.1% | 16,243€ | +1,464.8% | -17,151€ | -105.6% | 1 | 1,475€ |
| 850 | Montenegro Investment Solutions03605582 · Tivat | <0.1% | 16,091€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,096€ | 25.5% | 1 | 926€ |