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 1251–1300 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% |
| -15,603€ |
| — |
| 1 |
| 922€ |
| 1253 | Lilya Montenegro03781003 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,750€ | — | 1 | — |
| 1254 | Lola Bar Montenegro03555461 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,050€ | — | 1 | — |
| 1255 | Mary Textile Group03782140 · Bar | 0.0% | 0€ | No filing for 2024. | -3,312€ | — | 1 | — |
| 1256 | Mass Tourism03551725 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,761€ | — | 1 | 678€ |
| 1257 | M-Consult Partners03811085 · Bar | 0.0% | 0€ | No filing for 2024. | -15€ | — | 1 | — |
| 1258 | Mediforma03800105 · Budva | 0.0% | 0€ | No filing for 2024. | -305€ | — | 1 | — |
| 1259 | Mge Company03713989 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,118€ | — | 1 | 927€ |
| 1260 | Mila - KL03187730 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,069€ | — | 1 | 339€ |
| 1261 | Minagi03581802 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,875€ | — | 1 | 656€ |
| 1262 | Mine Investment03782247 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,369€ | — | 0 | — |
| 1263 | Minelvera03791106 · Podgorica | 0.0% | 0€ | No filing for 2024. | -147€ | — | 1 | — |
| 1264 | Mirmark Trading03609278 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,218€ | — | 1 | 675€ |
| 1265 | Mirsah Investment03798739 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 1266 | MMC BP03547663 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,060€ | — | 1 | — |
| 1267 | Mne International03392368 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,864€ | — | 1 | 678€ |
| 1268 | Modul Grup03527956 · Budva | 0.0% | 0€ | -100.0% | -8,772€ | — | 1 | 677€ |
| 1269 | Montenegro Defence Systems03387615 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,200€ | — | 1 | 590€ |
| 1270 | Montesino03016722 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1271 | Monte Trade Global03714551 · Budva | 0.0% | 0€ | No filing for 2024. | -6,628€ | — | 1 | 552€ |
| 1272 | Montiva03758575 · Budva | 0.0% | 0€ | No filing for 2024. | -8,151€ | — | 1 | 676€ |
| 1273 | Monttrade-CG02703980 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 675€ |
| 1274 | Moraca's03393844 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,342€ | — | 1 | 926€ |
| 1275 | Mordeniz Mne03692221 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,439€ | — | 1 | 678€ |
| 1276 | MSR Montenegro Group03319237 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,160€ | — | 1 | 677€ |
| 1277 | Muffins Euro Group03662845 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,845€ | — | 1 | 993€ |
| 1278 | MVM Mont03795853 · Podgorica | 0.0% | 0€ | No filing for 2024. | -306€ | — | 0 | — |
| 1279 | MY Rose Monte03621987 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,151€ | — | 1 | 675€ |
| 1280 | Myway International03238369 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,136€ | — | 1 | 927€ |
| 1281 | Nacrotech03784371 · Bar | 0.0% | 0€ | No filing for 2024. | -2,795€ | — | 1 | — |
| 1282 | Nebo More03622894 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -901€ | — | 1 | — |
| 1283 | Niche03546764 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,970€ | — | 1 | 926€ |
| 1284 | NRB - Trade02910268 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,027€ | — | 1 | 586€ |
| 1285 | Olzon3303517128 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,140€ | — | 1 | 926€ |
| 1286 | Original_nature03689794 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,269€ | — | 1 | 1,022€ |
| 1287 | Pantech Montenegro03632172 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 1288 | Parlevu03554384 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,202€ | — | 1 | 674€ |
| 1289 | Penart03451127 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,954€ | — | 1 | 927€ |
| 1290 | Pest Busters03679977 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1291 | PG BYGG Broderna03793648 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,967€ | — | 1 | — |
| 1292 | Planine Group03781976 · Bar | 0.0% | 0€ | No filing for 2024. | -3,086€ | — | 1 | — |
| 1293 | PMR Supply and Consultancy Services03674126 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 1294 | Pyramid Global03562719 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,449€ | — | 2 | 519€ |
| 1295 | Quantroom03419606 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1296 | Rahvan03545806 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,175€ | — | 1 | 676€ |
| 1297 | Rain Electric03583848 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,126€ | — | 1 | 677€ |
| 1298 | Rasvjeta03730395 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,674€ | — | 0 | — |
| 1299 | Rhino Engineering03481956 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,959€ | — | 1 | 670€ |
| 1300 | Saglam Group03724387 · Podgorica | 0.0% | 0€ | No filing for 2024. | -6,851€ | — | 1 | 570€ |