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 301–350 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% |
| 428,273€ |
| +14.4% |
| 68,823€ |
| 16.1% |
| 1 |
| 962€ |
| 303 | Pima02050242 · Kotor | <0.1% | 427,312€ | -27.5% | 10,428€ | 2.4% | 1 | 2,267€ |
| 304 | Mojan02146053 · Podgorica | <0.1% | 426,089€ | +1.6% | 19,506€ | 4.6% | 5 | 1,188€ |
| 305 | Monolith Mne Logistik03627969 · Budva | <0.1% | 425,064€ | +98.7% | 1,481€ | 0.3% | 1 | — |
| 306 | Mag Company03057836 · Podgorica | <0.1% | 424,209€ | +4.0% | 7,655€ | 1.8% | 5 | 1,039€ |
| 307 | Indom02308568 · Podgorica | <0.1% | 422,398€ | -2.2% | 3,883€ | 0.9% | 4 | 545€ |
| 308 | Group Trade03030636 · Podgorica | <0.1% | 421,229€ | +26.7% | 51,842€ | 12.3% | 4 | 688€ |
| 309 | Montenegro Stone Center02427877 · Podgorica | <0.1% | 420,363€ | +64.8% | 24,599€ | 5.9% | 2 | 1,275€ |
| 310 | Gruppo Daef03262391 · Podgorica | <0.1% | 420,307€ | +47.9% | -6,216€ | -1.5% | 1 | 2,139€ |
| 311 | Monteprom02287650 · Podgorica | <0.1% | 418,579€ | +7.4% | 11,940€ | 2.9% | 4 | 701€ |
| 312 | Progresiv02420953 · Podgorica | <0.1% | 417,674€ | +20.1% | 89,758€ | 21.5% | 5 | 602€ |
| 313 | Alquds02420554 · Podgorica | <0.1% | 414,704€ | -8.2% | 5,196€ | 1.3% | 3 | 584€ |
| 314 | Monolith Mne Import03470610 · Budva | <0.1% | 410,556€ | -23.4% | 2,673€ | 0.7% | 1 | 930€ |
| 315 | Artec Montenegro02450534 · Podgorica | <0.1% | 407,437€ | +228.3% | 193,930€ | 47.6% | 1 | 1,224€ |
| 316 | Belli B&D Company03340791 · Danilovgrad | <0.1% | 407,258€ | +31.6% | 33,796€ | 8.3% | 1 | 1,054€ |
| 317 | Pharmanova02878801 · Podgorica | <0.1% | 405,243€ | +6.1% | 0€ | 0.0% | 4 | 4,824€ |
| 318 | Winn Company03129349 · Podgorica | <0.1% | 398,934€ | +40.1% | 15,184€ | 3.8% | 2 | 1,506€ |
| 319 | Finish Montenegro02882159 · Podgorica | <0.1% | 396,807€ | -29.9% | 18,761€ | 4.7% | 2 | 866€ |
| 320 | KV-Technologies03622541 · Podgorica | <0.1% | 393,106€ | +93.6% | 29,469€ | 7.5% | 3 | 539€ |
| 321 | Stilšop02649748 · Andrijevica | <0.1% | 389,469€ | +22.8% | 9,156€ | 2.4% | 6 | 934€ |
| 322 | Pega Trade02156881 · Podgorica | <0.1% | 389,369€ | +3.9% | 2,489€ | 0.6% | 4 | 537€ |
| 323 | Color Forum03038947 · Podgorica | <0.1% | 389,117€ | +15.6% | 2,797€ | 0.7% | 4 | 887€ |
| 324 | Balduš02746123 · Podgorica | <0.1% | 388,524€ | -6.8% | 35,317€ | 9.1% | 1 | 2,066€ |
| 325 | Dis02059720 · Nikšić | <0.1% | 388,208€ | -7.0% | 24,137€ | 6.2% | 3 | 1,269€ |
| 326 | Gretva Trade02156571 · Bar | <0.1% | 385,842€ | +0.9% | 58,411€ | 15.1% | 6 | 892€ |
| 327 | LTC Commerce03617122 · Nikšić | <0.1% | 385,091€ | +38,409.1% | 26,088€ | 6.8% | 1 | 449€ |
| 328 | Petar Plast03665259 · Podgorica | <0.1% | 381,816€ | +70.3% | 26,669€ | 7.0% | 1 | 339€ |
| 329 | Elemento-Grafički Materijali03657361 · Podgorica | <0.1% | 377,955€ | +122.6% | 23,291€ | 6.2% | 4 | 862€ |
| 330 | Noble Interiors03674967 · Budva | <0.1% | 377,730€ | +707.5% | 84,330€ | 22.3% | 1 | 425€ |
| 331 | Monolith Mne Distribution03466507 · Budva | <0.1% | 376,842€ | -60.8% | 3,820€ | 1.0% | 1 | 340€ |
| 332 | Plan C02626292 · Podgorica | <0.1% | 375,532€ | +10.7% | 15,721€ | 4.2% | 5 | 671€ |
| 333 | U.N. System02431769 · Bar | <0.1% | 375,218€ | +14.4% | 10,711€ | 2.9% | 5 | 1,177€ |
| 334 | Quantum02742993 · Podgorica | <0.1% | 374,254€ | +0.2% | 33,605€ | 9.0% | 6 | 1,061€ |
| 335 | Waste Pro03310698 · Zeta | <0.1% | 369,808€ | +21.4% | 20,852€ | 5.6% | 2 | 1,243€ |
| 336 | Imt Libera02360110 · Zeta | <0.1% | 368,360€ | +17.6% | 73€ | 0.0% | 3 | 1,042€ |
| 337 | Gse03675866 · Cetinje | <0.1% | 365,457€ | +75,407.6% | 118,058€ | 32.3% | 1 | 1,329€ |
| 338 | Aquatech Montenegro03414086 · Podgorica | <0.1% | 362,791€ | +13.8% | 147,480€ | 40.7% | 2 | 713€ |
| 339 | Odex03077411 · Podgorica | <0.1% | 362,125€ | +7.5% | 204,120€ | 56.4% | 3 | 910€ |
| 340 | Mey Pharm03671062 · Podgorica | <0.1% | 355,169€ | +28,542.7% | 157,768€ | 44.4% | 1 | 5,049€ |
| 341 | Petrol Servis02761696 · Kotor | <0.1% | 350,927€ | +3.6% | 6,592€ | 1.9% | 7 | 922€ |
| 342 | Nivan02277638 · Nikšić | <0.1% | 347,195€ | +41,630.2% | -337,079€ | -97.1% | 1 | — |
| 343 | Orahovica02059649 · Bijelo Polje | <0.1% | 346,709€ | +35.0% | 572€ | 0.2% | 2 | 1,573€ |
| 344 | Midas Group03226018 · Budva | <0.1% | 346,544€ | -5.5% | 3,754€ | 1.1% | 8 | 751€ |
| 345 | Tomas & Ray02781034 · Podgorica | <0.1% | 345,677€ | -19.1% | 19,077€ | 5.5% | 1 | 1,174€ |
| 346 | DM Komerc03113906 · Berane | <0.1% | 342,910€ | +6.3% | -33,226€ | -9.7% | 3 | 1,452€ |
| 347 | Top Supply03316467 · Podgorica | <0.1% | 338,667€ | -57.0% | -89,495€ | -26.4% | 1 | 1,191€ |
| 348 | Hvac Solution03304876 · Ulcinj | <0.1% | 336,479€ | -19.9% | 4,690€ | 1.4% | 3 | 1,135€ |
| 349 | Ivvan03182894 · Podgorica | <0.1% | 331,565€ | +18.8% | 10,051€ | 3.0% | 3 | 1,039€ |
| 350 | Target Trade03135225 · Bar | <0.1% | 327,521€ | +11.4% | 18,548€ | 5.7% | 2 | 1,098€ |