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 1001–1050 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% |
| 1,960€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -6,205€ |
| -316.6% |
| 1 |
| 678€ |
| 1003 | Fpo CT Montenegro03660249 · Cetinje | <0.1% | 1,960€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,205€ | -316.6% | 1 | 678€ |
| 1004 | Familiare02857910 · Podgorica | <0.1% | 1,931€ | -72.9% | -9,823€ | -508.7% | 1 | 678€ |
| 1005 | Cargo Partners03693406 · Budva | <0.1% | 1,839€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,577€ | -412.0% | 1 | 678€ |
| 1006 | Imren03700925 · Podgorica | <0.1% | 1,800€ | No filing for 2024. | -11,018€ | -612.1% | 2 | 534€ |
| 1007 | Silk Road Trading03186636 · Budva | <0.1% | 1,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,563€ | -475.7% | 1 | 677€ |
| 1008 | Čabarkapa-Trade03581080 · Podgorica | <0.1% | 1,768€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,795€ | -101.5% | 0 | — |
| 1009 | Coredge03750485 · Podgorica | <0.1% | 1,657€ | No filing for 2024. | -7,560€ | -456.2% | 1 | 568€ |
| 1010 | Babur Global03412393 · Podgorica | <0.1% | 1,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,433€ | -777.1% | 1 | 926€ |
| 1011 | It-Solutions03101711 · Ulcinj | <0.1% | 1,574€ | -96.8% | -7,939€ | -504.4% | 1 | 339€ |
| 1012 | Ayduu03622878 · Kotor | <0.1% | 1,539€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,221€ | -664.1% | 1 | 680€ |
| 1013 | Nextrade03754570 · Budva | <0.1% | 1,532€ | No filing for 2024. | -1,215€ | -79.3% | 1 | — |
| 1014 | Bonissa02794284 · Budva | <0.1% | 1,513€ | -73.5% | -14,172€ | -936.7% | 1 | 670€ |
| 1015 | 24 Karat Gold Ag03439364 · Bar | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,923€ | -194.9% | 1 | — |
| 1016 | Hopareca03611574 · Podgorica | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,812€ | -654.1% | 1 | 922€ |
| 1017 | Vicković Group03798771 · Cetinje | <0.1% | 1,363€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 1018 | Monte-S-King03122026 · Nikšić | <0.1% | 1,331€ | -93.0% | -8,685€ | -652.5% | 1 | 816€ |
| 1019 | Lusso03242200 · Budva | <0.1% | 1,330€ | +343.3% | -31,873€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 608€ |
| 1020 | Eco - Invest02277247 · Podgorica | <0.1% | 1,300€ | -31.2% | -1,949€ | -149.9% | 1 | — |
| 1021 | Peridot Mne03776182 · Ulcinj | <0.1% | 1,286€ | No filing for 2024. | -699€ | -54.4% | 1 | — |
| 1022 | Avengersinvestmentcompany03522695 · Podgorica | <0.1% | 1,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,552€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 922€ |
| 1023 | Nargile. Mne03147479 · Bar | <0.1% | 1,200€ | +140.0% | -7,180€ | -598.3% | 1 | 692€ |
| 1024 | Kefalo Produkt03717828 · Podgorica | <0.1% | 1,165€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,896€ | -420.3% | 1 | 338€ |
| 1025 | Dimox CG03299040 · Podgorica | <0.1% | 1,151€ | +28,675.0% | -1,146€ | -99.6% | 1 | — |
| 1026 | Smarting03296539 · Podgorica | <0.1% | 1,138€ | -98.1% | -7,304€ | -641.8% | 1 | 675€ |
| 1027 | Stark Company03733262 · Bar | <0.1% | 1,112€ | No filing for 2024. | -6,672€ | -600.0% | 1 | 504€ |
| 1028 | Vajo03758699 · Podgorica | <0.1% | 1,042€ | No filing for 2024. | -4,581€ | -439.6% | 1 | 435€ |
| 1029 | Strong Safety03587304 · Podgorica | <0.1% | 977€ | +5.4% | -2,046€ | -209.4% | 1 | — |
| 1030 | Elgroup Monte03491463 · Herceg Novi | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,565€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 766€ |
| 1031 | DSD Popović03607283 · Podgorica | <0.1% | 750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,640€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1032 | Ozmen Montenegro03707458 · Podgorica | <0.1% | 640€ | No filing for 2024. | -15,719€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 666€ |
| 1033 | SS-Trade02131927 · Budva | <0.1% | 563€ | +1,003.9% | -3,488€ | -619.5% | 1 | 338€ |
| 1034 | Ostrog02442469 · Podgorica | <0.1% | 491€ | -95.7% | -946€ | -192.7% | 1 | — |
| 1035 | Tolga Kisbu03463532 · Podgorica | <0.1% | 433€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,682€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1036 | Monteprom Plus02436264 · Herceg Novi | <0.1% | 425€ | No filing for 2024. | -9,165€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1037 | Rich Children02654989 · Kotor | <0.1% | 380€ | -86.6% | -9,174€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 1038 | Magg Group03412458 · Podgorica | <0.1% | 300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,301€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 450€ |
| 1039 | Sema SS03642909 · Podgorica | <0.1% | 271€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,498€ | -921.8% | 1 | — |
| 1040 | A.V.M. Group03403297 · Kolašin | <0.1% | 240€ | 0.0% | -9,112€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1041 | Hanimaga03428125 · Budva | <0.1% | 215€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,928€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 1042 | Adadan03591239 · Podgorica | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,271€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1043 | Simon - PS02725142 · Herceg Novi | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,991€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 334€ |
| 1044 | Bam Trade03156567 · Mojkovac | <0.1% | 180€ | -97.9% | -3,150€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1045 | Hawk03158446 · Podgorica | <0.1% | 170€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,232€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1046 | Matador Arms03295273 · Herceg Novi | <0.1% | 150€ | -95.2% | -10,445€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1047 | Beli Labud03372979 · Herceg Novi | <0.1% | 134€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,816€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1048 | Bova 08503770362 · Bar | <0.1% | 132€ | No filing for 2024. | -6,400€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 337€ |
| 1049 | Arthfael03396061 · Podgorica | <0.1% | 125€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,830€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1050 | Ali Engin03748308 · Bar | <0.1% | 120€ | No filing for 2024. | -5,628€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 469€ |