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 1501–1550 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. |
| -11,291€ |
| — |
| 1 |
| 922€ |
| 1503 | Mashtala Import & Export03740323 · Budva | 0.0% | 0€ | No filing for 2024. | -11,633€ | — | 2 | 448€ |
| 1504 | Maxdejavu03617173 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,563€ | — | 1 | 866€ |
| 1505 | May Star03766101 · Bar | 0.0% | 0€ | No filing for 2024. | -3,773€ | — | 1 | 314€ |
| 1506 | MD Alfa02940442 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,069€ | — | 1 | 338€ |
| 1507 | MD Concept03795772 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,464€ | — | 1 | — |
| 1508 | Medexpress Europe03686418 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,161€ | — | 1 | 677€ |
| 1509 | Mehedin Seg03695620 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 675€ |
| 1510 | Melt03767493 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,327€ | — | 0 | — |
| 1511 | Meynur03402827 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,894€ | — | 1 | 676€ |
| 1512 | Mikada Group Montenegro03511197 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,264€ | — | 1 | 926€ |
| 1513 | Milo03328465 · Budva | 0.0% | 0€ | -100.0% | -9,179€ | — | 1 | 675€ |
| 1514 | Miracle Consulting03591565 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,510€ | — | 1 | 678€ |
| 1515 | Miraka03276554 · Herceg Novi | 0.0% | 0€ | -100.0% | -15,000€ | — | 1 | 929€ |
| 1516 | Missim03445232 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,440€ | — | 1 | 675€ |
| 1517 | Mja Global03694526 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,844€ | — | 1 | 899€ |
| 1518 | Mka Sales and Marketing03209105 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,760€ | — | 1 | 925€ |
| 1519 | Moicon Consulting03572811 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,203€ | — | 1 | 676€ |
| 1520 | Montazah03585760 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,209€ | — | 1 | 675€ |
| 1521 | Montesuya03639851 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,190€ | — | 1 | 922€ |
| 1522 | Mont Swiss Global03791394 · Bar | 0.0% | 0€ | No filing for 2024. | -2,062€ | — | 1 | — |
| 1523 | Mount Team Company03625885 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,376€ | — | 1 | 675€ |
| 1524 | Movura Group03782115 · Bar | 0.0% | 0€ | No filing for 2024. | -3,089€ | — | 1 | — |
| 1525 | Mrcxsolution03603385 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,413€ | — | 1 | 675€ |
| 1526 | MR Grass03487229 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,013€ | — | 1 | — |
| 1527 | Mucco Cafe03786838 · Bar | 0.0% | 0€ | No filing for 2024. | -2,343€ | — | 1 | — |
| 1528 | Mulu03615286 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1529 | Negroplus03329151 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,305€ | — | 1 | 675€ |
| 1530 | Neun Group03661873 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1531 | Neva&Cnk03221261 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,234€ | — | 1 | 516€ |
| 1532 | New Folder02812142 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1533 | Nexgenbiz03735567 · Budva | 0.0% | 0€ | No filing for 2024. | -6,302€ | — | 1 | 499€ |
| 1534 | NGM Grup International03613631 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,153€ | — | 1 | 677€ |
| 1535 | Nova Construction03379051 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,275€ | — | 1 | 924€ |
| 1536 | Nova Event03732924 · Bar | 0.0% | 0€ | No filing for 2024. | -6,171€ | — | 1 | 514€ |
| 1537 | NR Trade03566978 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,125€ | — | 1 | — |
| 1538 | Ocean Power Systems03379426 · Budva | 0.0% | 0€ | -100.0% | -9,215€ | — | 1 | 675€ |
| 1539 | Octo Trading & Logistics03476693 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,721€ | — | 1 | 675€ |
| 1540 | Oguzhan03618528 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,670€ | — | 1 | 866€ |
| 1541 | Omer Kalay Company03658384 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,704€ | — | 1 | 304€ |
| 1542 | Nikić i Drugi - Markoni02097745 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,845€ | — | 0 | — |
| 1543 | Borus - Gazivoda i Ortaci02325357 · Podgorica | 0.0% | 0€ | -100.0% | -2,022€ | — | — | — |
| 1544 | Orthomed03255573 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,942€ | — | 1 | 926€ |
| 1545 | Ostojić02099632 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,150€ | — | 1 | 679€ |
| 1546 | Ozer Company03529703 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,123€ | — | 1 | 927€ |
| 1547 | Ozide03657582 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,150€ | — | 1 | 675€ |
| 1548 | Ozkaynak03582680 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,015€ | — | 1 | 501€ |
| 1549 | PAN.KOV Trading03259196 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,034€ | — | 1 | — |
| 1550 | Pastro03641279 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,958€ | — | 1 | 1,607€ |