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 1351–1400 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€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -8,139€ |
| — |
| 1 |
| 674€ |
| 1353 | D-Elektromekanik03661121 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 675€ |
| 1354 | Erman Logistics Mne03750795 · Budva | 0.0% | 0€ | No filing for 2024. | -3,884€ | — | 1 | 323€ |
| 1355 | FMT Construction & Real Estate03648486 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,413€ | — | 1 | 674€ |
| 1356 | Herakles Tourism03605183 · Budva | 0.0% | 0€ | No filing for 2024. | -4,910€ | — | 1 | 407€ |
| 1357 | Best Trend Mne03691225 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,182€ | — | 1 | 677€ |
| 1358 | Erkan Lar03718280 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,408€ | — | 1 | 532€ |
| 1359 | Gaja Investment Mne03728099 · Budva | 0.0% | 0€ | No filing for 2024. | -15,688€ | — | 3 | 434€ |
| 1360 | Kolcan Mne03710718 · Budva | 0.0% | 0€ | No filing for 2024. | -4,910€ | — | 1 | 407€ |
| 1361 | Logi - Time03409767 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,206€ | — | 1 | 674€ |
| 1362 | Poseidon Health Tourism03603032 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,310€ | — | 1 | 674€ |
| 1363 | Sirin Montenegro03782352 · Budva | 0.0% | 0€ | No filing for 2024. | -2,037€ | — | 1 | — |
| 1364 | Arsam Montenegro03694372 · Budva | 0.0% | 0€ | No filing for 2024. | -7,323€ | — | 1 | 607€ |
| 1365 | Khalkedon Rare Books03599868 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,059€ | — | 1 | 667€ |
| 1366 | Spectar International Group03197590 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1367 | Master Travel03115224 · Podgorica | 0.0% | 0€ | -100.0% | -5,214€ | — | 1 | 322€ |
| 1368 | Zomima02108364 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -640€ | — | 1 | — |
| 1369 | Zvezda Chemical Trading03514935 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,540€ | — | 2 | 680€ |
| 1370 | Kalamper Lux03019705 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1371 | Montra-VM02303515 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,037€ | — | 1 | 334€ |
| 1372 | Auto Kuća Baneb02273985 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1373 | Hotel Products03552454 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,477€ | — | 1 | 677€ |
| 1374 | KCM Global 199703617572 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,117€ | — | 1 | 675€ |
| 1375 | Is Mont - Invest03121259 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,777€ | — | 1 | — |
| 1376 | NS Natural Solutions03652904 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,126€ | — | 1 | 677€ |
| 1377 | Alive02983931 · Podgorica | 0.0% | 0€ | -100.0% | -8,337€ | — | 1 | 678€ |
| 1378 | Montenegroregion02624001 · Danilovgrad | 0.0% | 0€ | -100.0% | -9,178€ | — | 1 | 678€ |
| 1379 | Farman Sapori Kotor02325578 · Kotor | 0.0% | 0€ | -100.0% | -4,103€ | — | 1 | 338€ |
| 1380 | Fiba Trade03055167 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,431€ | — | 1 | 677€ |
| 1381 | Fortis Investment Group03644634 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,480€ | — | 1 | 704€ |
| 1382 | Kotor Resorts02652188 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,974€ | — | 1 | 748€ |
| 1383 | Mariolan03293963 · Budva | 0.0% | 0€ | -100.0% | -11,194€ | — | 1 | 926€ |
| 1384 | Društvo za Proizvodnju, Promet i Usluge, Export-Import Maxuniversum02692520 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 674€ |
| 1385 | Newday03189988 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,860€ | — | 1 | 926€ |
| 1386 | Peling02706067 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,207€ | — | 1 | 684€ |
| 1387 | Premia02400863 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,213€ | — | 1 | 676€ |
| 1388 | Sušara Grujo02680343 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1389 | Techology Kopernikus02342308 · Ulcinj | 0.0% | 0€ | -100.0% | -10,044€ | — | 1 | 675€ |
| 1390 | Tehno - Centar Knežević02698242 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,051€ | — | 1 | 338€ |
| 1391 | Via Dekor03373444 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,922€ | — | 1 | 989€ |
| 1392 | Fabric Montenegro02902982 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1393 | HD Electronics02774992 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1394 | Livcom02924030 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,278€ | — | 2 | 678€ |
| 1395 | Karizma02374595 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,888€ | — | 1 | 324€ |
| 1396 | Nibek Mont02863138 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1397 | Mil-Company02721201 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,295€ | — | 2 | 678€ |
| 1398 | Eterna-Montenegro03805107 · Podgorica | 0.0% | 0€ | No filing for 2024. | -803€ | — | 0 | — |
| 1399 | Aquamarine Montenegro03136566 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1400 | Bestdeal&W03348474 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,404€ | — | 1 | 677€ |