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 251–300 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% |
| 663,497€ |
| -49.2% |
| 15,606€ |
| 2.4% |
| 2 |
| 1,760€ |
| 253 | Tercet Group02709490 · Podgorica | <0.1% | 643,698€ | +22.8% | 44,659€ | 6.9% | 4 | 845€ |
| 254 | Dialvi02818787 · Podgorica | <0.1% | 642,113€ | -1.8% | 20,603€ | 3.2% | 1 | 1,167€ |
| 255 | Promotive02642174 · Podgorica | <0.1% | 641,819€ | -21.4% | 43,151€ | 6.7% | 12 | 1,392€ |
| 256 | Nobel Corporation02845113 · Podgorica | <0.1% | 637,836€ | +36.0% | 71,323€ | 11.2% | 10 | 992€ |
| 257 | Progastro03712281 · Budva | <0.1% | 635,464€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 282,938€ | 44.5% | 2 | 582€ |
| 258 | Totohem02096277 · Podgorica | <0.1% | 634,809€ | +2.1% | 50,704€ | 8.0% | 4 | 2,234€ |
| 259 | Globo-Pergam02307529 · Podgorica | <0.1% | 629,884€ | -10.9% | 27,830€ | 4.4% | 7 | 1,447€ |
| 260 | Top Brands Montenegro03413926 · Herceg Novi | <0.1% | 628,610€ | +78.6% | -42,855€ | -6.8% | 1 | 677€ |
| 261 | Gorštak02147572 · Nikšić | <0.1% | 617,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 455,709€ | 73.9% | 1 | 788€ |
| 262 | PG Fruit03772756 · Podgorica | <0.1% | 616,604€ | No filing for 2024. | 11,061€ | 1.8% | 2 | — |
| 263 | Salveo CG02915707 · Podgorica | <0.1% | 613,508€ | +20.9% | 43,240€ | 7.0% | 5 | 4,555€ |
| 264 | 4 Level03760235 · Podgorica | <0.1% | 610,867€ | No filing for 2024. | 63,144€ | 10.3% | 2 | 459€ |
| 265 | Albo Mne03165183 · Kotor | <0.1% | 599,533€ | -31.6% | -75,529€ | -12.6% | 6 | 1,867€ |
| 266 | Marinković-Hofmann03410374 · Podgorica | <0.1% | 593,351€ | +19.8% | 28,904€ | 4.9% | 4 | 1,914€ |
| 267 | Proco International03581683 · Podgorica | <0.1% | 584,586€ | +534.3% | 16,435€ | 2.8% | 1 | 909€ |
| 268 | Lider Lift03238580 · Budva | <0.1% | 568,172€ | +80.0% | 44,592€ | 7.8% | 4 | 754€ |
| 269 | Minik02708108 · Cetinje | <0.1% | 567,220€ | +6.8% | 17,876€ | 3.2% | 2 | 679€ |
| 270 | Mil-Miro03342956 · Podgorica | <0.1% | 556,006€ | +64.1% | -5,734€ | -1.0% | 4 | 2,069€ |
| 271 | VP Trade03260895 · Cetinje | <0.1% | 555,969€ | +31.5% | 3,837€ | 0.7% | 5 | 1,368€ |
| 272 | Alseco02986299 · Podgorica | <0.1% | 552,317€ | -6.7% | 51,377€ | 9.3% | 5 | 1,154€ |
| 273 | Rattan Sedia03079813 · Kotor | <0.1% | 544,568€ | -35.4% | 12,545€ | 2.3% | 2 | 3,525€ |
| 274 | Premia Montenegro03209334 · Kotor | <0.1% | 538,866€ | +120.2% | 304,408€ | 56.5% | 10 | 733€ |
| 275 | Real Mita03038017 · Tivat | <0.1% | 536,453€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 57,107€ | 10.6% | 1 | 736€ |
| 276 | Waystar03595765 · Budva | <0.1% | 534,046€ | +9.6% | 87,952€ | 16.5% | 1 | 25,219€ |
| 277 | TP Elektro03068617 · Podgorica | <0.1% | 532,048€ | +0.0% | 18,606€ | 3.5% | 8 | 1,206€ |
| 278 | Trademax03066819 · Bar | <0.1% | 529,028€ | -36.1% | 119,657€ | 22.6% | 2 | 2,231€ |
| 279 | Energogroup02855844 · Podgorica | <0.1% | 525,633€ | +134.1% | 27,700€ | 5.3% | 2 | 1,242€ |
| 280 | Group 4403188850 · Podgorica | <0.1% | 524,424€ | -26.6% | 5,987€ | 1.1% | 2 | 971€ |
| 281 | Mir-Plast02435349 · Bar | <0.1% | 520,512€ | -1.3% | 1,127€ | 0.2% | 5 | 664€ |
| 282 | International Health02767040 · Podgorica | <0.1% | 516,971€ | +12.4% | 108,773€ | 21.0% | 4 | 1,556€ |
| 283 | Petex02390809 · Podgorica | <0.1% | 501,142€ | +4.9% | 123,650€ | 24.7% | 3 | 678€ |
| 284 | Praktis03069435 · Podgorica | <0.1% | 499,504€ | +14.5% | -63,700€ | -12.8% | 5 | 2,037€ |
| 285 | Pakcentar03004830 · Bijelo Polje | <0.1% | 498,686€ | -13.0% | 22,561€ | 4.5% | 6 | 828€ |
| 286 | Zora Team03322998 · Danilovgrad | <0.1% | 498,432€ | +22.1% | 78,688€ | 15.8% | 9 | 867€ |
| 287 | Leonex03426483 · Podgorica | <0.1% | 492,568€ | +8.7% | 1,626€ | 0.3% | 12 | 1,250€ |
| 288 | Top Fruit03028577 · Podgorica | <0.1% | 489,095€ | -30.8% | 49,991€ | 10.2% | 2 | 733€ |
| 289 | Orion Trade Co LTD03481573 · Podgorica | <0.1% | 488,800€ | +223.3% | 9,720€ | 2.0% | 1 | 968€ |
| 290 | Balder02464551 · Podgorica | <0.1% | 486,610€ | -3.9% | 61,628€ | 12.7% | 1 | 1,362€ |
| 291 | Rumex02068117 · Bijelo Polje | <0.1% | 478,600€ | +16.7% | 12,256€ | 2.6% | 7 | 1,008€ |
| 292 | Profa Co02336723 · Bijelo Polje | <0.1% | 476,012€ | +18.3% | 46,549€ | 9.8% | 2 | 677€ |
| 293 | Bomax Montenegro03702456 · Podgorica | <0.1% | 469,202€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,261€ | 3.3% | 3 | 1,413€ |
| 294 | Krajina - Klas02409330 · Podgorica | <0.1% | 467,885€ | -16.5% | 66,585€ | 14.2% | 2 | 1,576€ |
| 295 | Zoo Tropiko02993201 · Podgorica | <0.1% | 451,656€ | +13.9% | 25,472€ | 5.6% | 11 | 615€ |
| 296 | Marmir02108186 · Podgorica | <0.1% | 448,006€ | +1.9% | 5,577€ | 1.2% | 2 | 1,637€ |
| 297 | Art Mobili03147240 · Podgorica | <0.1% | 440,375€ | +85.8% | 67,981€ | 15.4% | 5 | 982€ |
| 298 | Business Intelligence Montenegro03611582 · Bar | <0.1% | 436,991€ | +45.1% | 29,953€ | 6.9% | 1 | 18,254€ |
| 299 | Eko-Multipak02212102 · Podgorica | <0.1% | 435,532€ | -13.6% | 44,810€ | 10.3% | 2 | 1,739€ |
| 300 | Marincolor02347024 · Herceg Novi | <0.1% | 433,318€ | +7.9% | 21,312€ | 4.9% | 3 | 1,308€ |