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 851–900 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% |
| 15,500€ |
| +160.5% |
| 5,981€ |
| 38.6% |
| 1 |
| 675€ |
| 853 | Carrara03599957 · Podgorica | <0.1% | 15,286€ | -14.9% | 1,439€ | 9.4% | 1 | 678€ |
| 854 | Cashmere Italia02943921 · Podgorica | <0.1% | 15,187€ | +15.9% | 1,418€ | 9.3% | 1 | 685€ |
| 855 | Erdem Mediterranean Company03677931 · Podgorica | <0.1% | 15,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,397€ | -116.0% | 3 | 474€ |
| 856 | Felix Domus03024121 · Podgorica | <0.1% | 14,762€ | +91.5% | -111€ | -0.8% | 2 | 456€ |
| 857 | Daam03642496 · Podgorica | <0.1% | 14,644€ | -30.1% | 278€ | 1.9% | 1 | 361€ |
| 858 | Alcetas Group03500861 · Budva | <0.1% | 14,453€ | -25.1% | 2,560€ | 17.7% | 1 | 681€ |
| 859 | 6 Mart02206005 · Cetinje | <0.1% | 14,264€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,403€ | 30.9% | 1 | 338€ |
| 860 | Drašković Company03368947 · Podgorica | <0.1% | 14,065€ | -49.3% | -22,859€ | -162.5% | 2 | 1,530€ |
| 861 | Lovely Arome02955903 · Podgorica | <0.1% | 14,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,816€ | -20.0% | 1 | — |
| 862 | Geronimo02434121 · Podgorica | <0.1% | 13,815€ | +45.3% | 1,023€ | 7.4% | 1 | 678€ |
| 863 | Provis Mne02806878 · Podgorica | <0.1% | 13,775€ | -97.0% | -20,172€ | -146.4% | 1 | 986€ |
| 864 | Apeks-Finins03500101 · Herceg Novi | <0.1% | 13,750€ | +1,374,900.0% | 73€ | 0.5% | 1 | 929€ |
| 865 | Titan Adriatic Mne03769852 · Bar | <0.1% | 13,750€ | No filing for 2024. | 11,149€ | 81.1% | 1 | — |
| 866 | HN Team 202403704319 · Bijelo Polje | <0.1% | 13,654€ | +9,063.8% | -15,217€ | -111.4% | 2 | 884€ |
| 867 | NB Group02761840 · Podgorica | <0.1% | 13,634€ | -14.1% | -3,431€ | -25.2% | 1 | 674€ |
| 868 | Lux Stone03648621 · Podgorica | <0.1% | 13,266€ | +25.2% | -5,955€ | -44.9% | 1 | 339€ |
| 869 | Bridge Keys03670341 · Podgorica | <0.1% | 13,150€ | +64.4% | -1,265€ | -9.6% | 2 | 537€ |
| 870 | Maxport02277972 · Mojkovac | <0.1% | 13,102€ | -29.3% | -9,832€ | -75.0% | 1 | 1,381€ |
| 871 | Rztrade03305015 · Budva | <0.1% | 12,999€ | +19.0% | -13,100€ | -100.8% | 1 | 1,334€ |
| 872 | Herrman03333060 · Kotor | <0.1% | 12,980€ | +67.6% | -6,975€ | -53.7% | 2 | 636€ |
| 873 | Obuća Milanović02620707 · Podgorica | <0.1% | 12,708€ | -75.3% | -8,258€ | -65.0% | 1 | 675€ |
| 874 | Grandolarse03324737 · Budva | <0.1% | 12,706€ | +45.1% | 2,851€ | 22.4% | 1 | 677€ |
| 875 | Minami Trade03553485 · Podgorica | <0.1% | 12,700€ | +2.9% | 389€ | 3.1% | 1 | — |
| 876 | Ponoma Europe03428168 · Budva | <0.1% | 12,600€ | +20.0% | 2,907€ | 23.1% | 1 | 677€ |
| 877 | Kale Bike Company02468131 · Bar | <0.1% | 12,552€ | -30.5% | -11,569€ | -92.2% | 1 | 682€ |
| 878 | A Terra Leaf03522237 · Budva | <0.1% | 12,365€ | +3.0% | 260€ | 2.1% | 1 | 678€ |
| 879 | B Office03193381 · Kotor | <0.1% | 12,350€ | -42.9% | -524€ | -4.2% | 1 | 333€ |
| 880 | Mne Fitness Hub03531651 · Podgorica | <0.1% | 12,301€ | -24.5% | 24€ | 0.2% | 1 | 315€ |
| 881 | Šimrak02136813 · Herceg Novi | <0.1% | 12,218€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,832€ | -170.5% | 1 | 338€ |
| 882 | K Concept Adriatic LTD03670821 · Podgorica | <0.1% | 12,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 484€ | 4.0% | 1 | 926€ |
| 883 | Senia Trade03215083 · Tivat | <0.1% | 12,129€ | -6.2% | -26,421€ | -217.8% | 1 | 922€ |
| 884 | Definece03576736 · Budva | <0.1% | 12,120€ | +236.2% | -366€ | -3.0% | 1 | 928€ |
| 885 | Blanc02759349 · Bar | <0.1% | 12,041€ | +887.0% | -2,768€ | -23.0% | 1 | — |
| 886 | Nikić & Co02466732 · Podgorica | <0.1% | 12,000€ | +22.4% | -190€ | -1.6% | 1 | 684€ |
| 887 | Tron Eko03556026 · Podgorica | <0.1% | 12,000€ | 0.0% | 1,957€ | 16.3% | 1 | 678€ |
| 888 | Al Grosso Montenegro02442787 · Nikšić | <0.1% | 11,971€ | -22.0% | -150,291€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 889 | Weldus03214605 · Tuzi | <0.1% | 11,961€ | -17.8% | 0€ | 0.0% | 1 | — |
| 890 | Ruža Orlova03733718 · Danilovgrad | <0.1% | 11,710€ | No filing for 2024. | -650€ | -5.6% | 1 | 1,019€ |
| 891 | Sail Service Adriatic03424669 · Bar | <0.1% | 11,552€ | +29.8% | 1,158€ | 10.0% | 1 | 677€ |
| 892 | Arina Adriatica02798611 · Budva | <0.1% | 11,276€ | No filing for 2024. | -12,207€ | -108.3% | 3 | 368€ |
| 893 | Marris03722562 · Kotor | <0.1% | 11,017€ | No filing for 2024. | -849€ | -7.7% | 1 | — |
| 894 | A & V Oprema02737043 · Kotor | <0.1% | 10,863€ | -52.2% | -441€ | -4.1% | 1 | — |
| 895 | Rotam Lojistic Dis Ticaret03708292 · Podgorica | <0.1% | 10,641€ | No filing for 2024. | -4,992€ | -46.9% | 1 | 606€ |
| 896 | Ostroški-Commerc02130165 · Nikšić | <0.1% | 10,504€ | -19.3% | -3,869€ | -36.8% | 1 | 675€ |
| 897 | Žižić02151359 · Nikšić | <0.1% | 10,501€ | -51.3% | -8,119€ | -77.3% | 1 | 674€ |
| 898 | JB Projects03570185 · Podgorica | <0.1% | 10,492€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -38,630€ | -368.2% | 3 | 809€ |
| 899 | Truffles GP03271323 · Tivat | <0.1% | 10,373€ | -45.1% | 0€ | 0.0% | 1 | 565€ |
| 900 | Tanagra02225590 · Podgorica | <0.1% | 10,271€ | -26.1% | -2,581€ | -25.1% | 1 | 411€ |