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 1201–1250 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*
0.0% |
| 0€ |
| -100.0% |
| -4,050€ |
| — |
| 1 |
| 338€ |
| 1203 | Elhnan03670686 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,448€ | — | 1 | 677€ |
| 1204 | Elmas Company03771334 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,995€ | — | 0 | — |
| 1205 | Elzin Company03675211 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,219€ | — | 1 | 677€ |
| 1206 | Emira International03679926 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,126€ | — | 1 | 675€ |
| 1207 | Es Property03784436 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 1208 | Eurotas03274519 · Podgorica | 0.0% | 0€ | -100.0% | -10,545€ | — | 1 | 815€ |
| 1209 | Final Consultancy and MSP Organization03143848 · Podgorica | 0.0% | 0€ | -100.0% | -8,872€ | — | 1 | 677€ |
| 1210 | Interbalkan Distribution03440656 · Podgorica | 0.0% | 0€ | -100.0% | -713€ | — | 0 | — |
| 1211 | Phoenix Technics03630099 · Podgorica | 0.0% | 0€ | -100.0% | -8,249€ | — | 1 | 677€ |
| 1212 | Expresso Tech03809501 · Podgorica | 0.0% | 0€ | No filing for 2024. | -81€ | — | 0 | — |
| 1213 | Finestra 198203247538 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,802€ | — | 2 | — |
| 1214 | Fishing Tackle03404838 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,330€ | — | 1 | 731€ |
| 1215 | Forza Impex03040593 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1216 | French Touch03720934 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,539€ | — | 2 | 668€ |
| 1217 | Friday Group03420809 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,253€ | — | 1 | 678€ |
| 1218 | Friend Ship Company03390527 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,166€ | — | 1 | 678€ |
| 1219 | Fugi-Art Mne03760456 · Kotor | 0.0% | 0€ | No filing for 2024. | -4,675€ | — | 1 | 390€ |
| 1220 | Gajdoš03710432 · Cetinje | 0.0% | 0€ | No filing for 2024. | -1,909€ | — | 1 | — |
| 1221 | Gedel03569985 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,094€ | — | — | — |
| 1222 | Globalse03327957 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1223 | Glob Prom03805930 · Podgorica | 0.0% | 0€ | No filing for 2024. | -226€ | — | 1 | — |
| 1224 | GNN03714306 · Podgorica | 0.0% | 0€ | No filing for 2024. | -9,171€ | — | 1 | 577€ |
| 1225 | Golden Mane Systems03734234 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -12,319€ | — | 1 | 936€ |
| 1226 | Golden Sea03511286 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,066€ | — | 1 | — |
| 1227 | Green Infinity03411192 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,584€ | — | 1 | 926€ |
| 1228 | Green River Company03554279 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,128€ | — | 1 | 927€ |
| 1229 | Gridx Mne03785203 · Podgorica | 0.0% | 0€ | No filing for 2024. | -457€ | — | 0 | — |
| 1230 | Guclu03602745 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,559€ | — | 1 | 678€ |
| 1231 | Han Fire and Safety Systems03356477 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1232 | Happy Sun03559025 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,259€ | — | 1 | 678€ |
| 1233 | Hero Fire and Safety Systems03356493 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1234 | Hiko Composite03645959 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,248€ | — | 1 | 675€ |
| 1235 | HK Investment03563529 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,962€ | — | 1 | 491€ |
| 1236 | Id Project03506673 · Nikšić | 0.0% | 0€ | -100.0% | -2,011€ | — | 1 | — |
| 1237 | Ikisa Company03624056 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1238 | Jezay03544176 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1239 | Joury For Import and Export03741702 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,112€ | — | 1 | 426€ |
| 1240 | Kekik03545741 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,144€ | — | 1 | 677€ |
| 1241 | Khattar General Trading03358011 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,219€ | — | 1 | 927€ |
| 1242 | KMT Group03656489 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,990€ | — | 1 | 670€ |
| 1243 | Koel Montenegro03200566 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,141€ | — | 1 | — |
| 1244 | Koshal Global03779718 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,318€ | — | 2 | — |
| 1245 | Kosmopolit02624389 · Pljevlja | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1246 | Kurtek03762513 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,925€ | — | 1 | 330€ |
| 1247 | KVR03450465 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,148€ | — | 1 | 1,460€ |
| 1248 | Laveto03800792 · Podgorica | 0.0% | 0€ | No filing for 2024. | -638€ | — | 1 | — |
| 1249 | Lecerenimo03363198 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,289€ | — | 1 | 677€ |
| 1250 | Ledinac02832500 · Cetinje | 0.0% | 0€ | No filing for 2024. | -8,101€ | — | 0 | — |