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 401–450 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% |
| 254,341€ |
| +393.0% |
| 205,442€ |
| 80.8% |
| 1 |
| 476€ |
| 403 | Jadro Agent&Rijeka02057344 · Podgorica | <0.1% | 252,552€ | +17.6% | 31,124€ | 12.3% | 6 | 648€ |
| 404 | Lim Still03711285 · Bar | <0.1% | 249,737€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 600€ | 0.2% | 3 | 2,583€ |
| 405 | Free Point03451585 · Budva | <0.1% | 245,690€ | +9.9% | -873€ | -0.4% | 2 | 1,631€ |
| 406 | Amnesia02456427 · Podgorica | <0.1% | 244,698€ | +10.3% | 51,832€ | 21.2% | 7 | 1,158€ |
| 407 | Kolux03390772 · Bijelo Polje | <0.1% | 244,454€ | +32.3% | 5,742€ | 2.3% | 2 | 413€ |
| 408 | Tehno Code03105334 · Podgorica | <0.1% | 244,293€ | +26.6% | 13,646€ | 5.6% | 6 | 879€ |
| 409 | Lunex02730588 · Rožaje | <0.1% | 241,769€ | +36.9% | 2,697€ | 1.1% | 3 | 1,464€ |
| 410 | Dak-Raj02836076 · Herceg Novi | <0.1% | 241,495€ | +10.0% | 11,290€ | 4.7% | 4 | 835€ |
| 411 | Luč - Plus02843838 · Berane | <0.1% | 240,610€ | +616.1% | 164,671€ | 68.4% | 2 | 1,164€ |
| 412 | Ostia Group03382737 · Herceg Novi | <0.1% | 240,479€ | +180.5% | 52,910€ | 22.0% | 1 | 524€ |
| 413 | NP Company02414058 · Bar | <0.1% | 240,238€ | +16.6% | 20,295€ | 8.4% | 2 | 1,327€ |
| 414 | Borplastika Eko03051129 · Podgorica | <0.1% | 240,084€ | -35.6% | 1,148€ | 0.5% | 2 | 1,283€ |
| 415 | Sokol Montenegro03428389 · Podgorica | <0.1% | 239,588€ | -83.5% | -4,026€ | -1.7% | 1 | 1,229€ |
| 416 | Miana Company03555313 · Podgorica | <0.1% | 239,126€ | +33.9% | 17,917€ | 7.5% | 2 | 1,318€ |
| 417 | Tagor02222671 · Podgorica | <0.1% | 237,860€ | -7.4% | -9,188€ | -3.9% | 6 | 815€ |
| 418 | Combis02186195 · Podgorica | <0.1% | 237,622€ | -37.6% | 3,518€ | 1.5% | 2 | 984€ |
| 419 | Dobrašinović02145847 · Bar | <0.1% | 236,902€ | +20.5% | -25,015€ | -10.6% | 3 | 694€ |
| 420 | Tehnotekstil02418436 · Nikšić | <0.1% | 235,576€ | -23.1% | 10,286€ | 4.4% | 2 | 1,178€ |
| 421 | Varius03361772 · Podgorica | <0.1% | 234,012€ | +36.2% | 38,547€ | 16.5% | 1 | 729€ |
| 422 | Log In Mne03235904 · Tivat | <0.1% | 233,541€ | +12.8% | 14,447€ | 6.2% | 1 | 2,040€ |
| 423 | Yomil02335883 · Bar | <0.1% | 232,867€ | -0.5% | 5,902€ | 2.5% | 3 | 1,159€ |
| 424 | Lupo Home02293048 · Podgorica | <0.1% | 231,999€ | -49.0% | 15,846€ | 6.8% | 2 | 1,213€ |
| 425 | Demi Trade02109832 · Nikšić | <0.1% | 229,284€ | -2.8% | -7,814€ | -3.4% | 2 | 740€ |
| 426 | Oktel - Oprema02397331 · Budva | <0.1% | 229,123€ | -57.3% | -103,644€ | -45.2% | 4 | 1,591€ |
| 427 | Bootsprofis03404668 · Bar | <0.1% | 226,297€ | +28.5% | 176,053€ | 77.8% | 2 | 948€ |
| 428 | Babić02085135 · Podgorica | <0.1% | 225,839€ | +23.3% | -4,260€ | -1.9% | 4 | 625€ |
| 429 | Inter03056236 · Berane | <0.1% | 222,607€ | +155.6% | 677€ | 0.3% | 1 | 3,774€ |
| 430 | Felis02440997 · Podgorica | <0.1% | 222,526€ | +44.6% | 38,798€ | 17.4% | 11 | 687€ |
| 431 | Ekt Univerzal03348504 · Podgorica | <0.1% | 221,796€ | +639.9% | 101,443€ | 45.7% | 3 | 561€ |
| 432 | V.Z. Sport02335948 · Žabljak | <0.1% | 220,391€ | +39.5% | 6,541€ | 3.0% | 3 | 746€ |
| 433 | Baston02781174 · Podgorica | <0.1% | 218,823€ | +2.3% | 3,415€ | 1.6% | 7 | 1,028€ |
| 434 | Laki & Co02704366 · Ulcinj | <0.1% | 218,297€ | +20.4% | 48,812€ | 22.4% | 1 | 677€ |
| 435 | Temas Lighting03191486 · Podgorica | <0.1% | 218,199€ | -10.7% | 9,182€ | 4.2% | 2 | 924€ |
| 436 | Start Inox02731312 · Zeta | <0.1% | 217,380€ | -14.1% | 8,203€ | 3.8% | 2 | 550€ |
| 437 | Ital-Dent02741008 · Podgorica | <0.1% | 216,429€ | -3.2% | -14,367€ | -6.6% | 3 | 1,294€ |
| 438 | Timked02320657 · Podgorica | <0.1% | 215,569€ | +5.9% | 34,922€ | 16.2% | 4 | 925€ |
| 439 | F.P.S. Novak03068986 · Podgorica | <0.1% | 215,276€ | -4.9% | 46,774€ | 21.7% | 3 | 526€ |
| 440 | Puravera03699676 · Podgorica | <0.1% | 215,138€ | +275.3% | 3,288€ | 1.5% | 1 | 1,154€ |
| 441 | Smyrna03123855 · Kotor | <0.1% | 214,368€ | -14.0% | 24,869€ | 11.6% | 4 | 664€ |
| 442 | Altec02810824 · Nikšić | <0.1% | 209,544€ | -12.8% | 39,076€ | 18.6% | 3 | 1,045€ |
| 443 | Cezar Montenegro03059430 · Nikšić | <0.1% | 208,668€ | -8.2% | 2,593€ | 1.2% | 2 | 810€ |
| 444 | Jasi Commerce02087715 · Podgorica | <0.1% | 208,415€ | +18.2% | 4,529€ | 2.2% | 3 | 614€ |
| 445 | Greentech Mne03502236 · Tuzi | <0.1% | 207,305€ | +1.5% | 5,706€ | 2.8% | 4 | 658€ |
| 446 | Hong Da02314568 · Tuzi | <0.1% | 207,296€ | +110.0% | 7,095€ | 3.4% | 1 | 677€ |
| 447 | Runner Trans03358291 · Nikšić | <0.1% | 206,763€ | +112.8% | 41,427€ | 20.0% | 2 | 806€ |
| 448 | Veleprodaja02309025 · Nikšić | <0.1% | 202,970€ | +42.2% | 20,161€ | 9.9% | 5 | 1,215€ |
| 449 | Berg & Estate02695472 · Bar | <0.1% | 202,525€ | +10.0% | -41,829€ | -20.7% | 6 | 994€ |
| 450 | Grosmont03180522 · Podgorica | <0.1% | 202,462€ | -0.5% | 23,930€ | 11.8% | 2 | 738€ |