Revenue
9.1% of sector revenue
1,090 companies earned 687.55m€ in 2025, 9.1% of Trade sector revenue. Revenue has grown 2.7× since 2015.
9.1% of sector revenue
526 with at most one employee
Largest employer: Idea - CG (2,426)
Median company 0.3% · 40% 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 451–500 of 1,090
* 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 81 sole proprietors: 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 | 252,422,284€ | 594 |
| 2016 | 297,635,850€ | 618 |
| 2017 | 309,230,404€ | 654 |
| 2018 | 302,167,582€ | 741 |
| 2019 | 300,424,571€ | 806 |
| 2020 | 259,977,013€ | 849 |
| 2021 | 313,553,308€ | 861 |
| 2022 | 451,409,515€ | 1,013 |
| 2023 | 559,424,259€ | 1,127 |
| 2024 | 666,888,483€ | 1,128 |
| 2025 (Preliminary) | 687,547,443€ | 1,090 |
Employees and payroll cost per employee per month*
<0.1% |
| 44,519€ |
| +41.5% |
| 67€ |
| 0.2% |
| 2 |
| 398€ |
| 453 | Mia Plus03179176 · Cetinje | <0.1% | 44,407€ | -1.9% | 557€ | 1.3% | 1 | 675€ |
| 454 | Pearl Shop03652661 · Cetinje | <0.1% | 44,032€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,994€ | 38.6% | 2 | 427€ |
| 455 | Blacksea Group03178749 · Podgorica | <0.1% | 43,476€ | -48.8% | -45,536€ | -104.7% | 3 | 509€ |
| 456 | Colored Dots03396118 · Budva | <0.1% | 42,215€ | +13.4% | 3,011€ | 7.1% | 2 | 594€ |
| 457 | Oops02767589 · Berane | <0.1% | 42,155€ | +5.9% | 4,198€ | 10.0% | 1 | 2,771€ |
| 458 | M.B.S.02907402 · Berane | <0.1% | 42,014€ | +8.7% | -27,296€ | -65.0% | 2 | 1,186€ |
| 459 | Jovan - Trade02855291 · Žabljak | <0.1% | 41,663€ | -31.9% | 1,586€ | 3.8% | 1 | 333€ |
| 460 | M-Glomazić02835207 · Plužine | <0.1% | 41,267€ | +4.3% | 9,843€ | 23.9% | 1 | 1,558€ |
| 461 | Monteshop02990172 · Zeta | <0.1% | 41,228€ | +152.9% | 8,784€ | 21.3% | 1 | 1,668€ |
| 462 | A&B02923874 · Danilovgrad | <0.1% | 40,953€ | +10.2% | 3,121€ | 7.6% | 2 | 511€ |
| 463 | Voćara Mina03371255 · Nikšić | <0.1% | 40,536€ | +22.8% | 6,896€ | 17.0% | 2 | 408€ |
| 464 | Sonja Company03076415 · Bijelo Polje | <0.1% | 40,490€ | -14.4% | -16,176€ | -40.0% | 3 | 1,018€ |
| 465 | Wukman03030784 · Herceg Novi | <0.1% | 40,456€ | -29.6% | -10,080€ | -24.9% | 1 | 972€ |
| 466 | Wosk 114703544109 · Tivat | <0.1% | 39,798€ | +10.5% | -11,868€ | -29.8% | 1 | 929€ |
| 467 | Drava02775816 · Herceg Novi | <0.1% | 39,718€ | +61.6% | -46€ | -0.1% | 1 | 335€ |
| 468 | Ral-Komerc02201666 · Berane | <0.1% | 39,602€ | -14.0% | -7,346€ | -18.5% | 1 | 1,268€ |
| 469 | Firefly03501809 · Budva | <0.1% | 39,524€ | +431.9% | 24,750€ | 62.6% | 1 | 998€ |
| 470 | Tijanić02826585 · Berane | <0.1% | 39,198€ | -3.5% | 1,457€ | 3.7% | 1 | 795€ |
| 471 | Prometno-Uslužno Export-Import Društvo ST - Venera02355736 · Herceg Novi | <0.1% | 38,642€ | -25.8% | -15,648€ | -40.5% | 1 | 895€ |
| 472 | Montekardžala03616371 · Tivat | <0.1% | 38,451€ | -29.7% | 22,700€ | 59.0% | 1 | 931€ |
| 473 | Aron Pet Shop03674096 · Podgorica | <0.1% | 38,097€ | +298.9% | -2,491€ | -6.5% | 1 | 884€ |
| 474 | Sirius Trade03641171 · Budva | <0.1% | 37,835€ | +530.1% | -2,957€ | -7.8% | 1 | 805€ |
| 475 | Hana-R03271048 · Plav | <0.1% | 37,634€ | +6.2% | 1,189€ | 3.2% | 1 | 1,011€ |
| 476 | 2N Support03412539 · Podgorica | <0.1% | 37,559€ | -31.3% | -3,666€ | -9.8% | 1 | 733€ |
| 477 | Virago03555984 · Nikšić | <0.1% | 37,414€ | -0.2% | -6,406€ | -17.1% | 2 | 883€ |
| 478 | Dona Commerce02765861 · Mojkovac | <0.1% | 37,342€ | +52.0% | -1,697€ | -4.5% | 2 | 679€ |
| 479 | Ras02753448 · Bijelo Polje | <0.1% | 37,014€ | +52.1% | 3,123€ | 8.4% | 2 | 1,188€ |
| 480 | Suncokret02918358 · Kotor | <0.1% | 36,765€ | -30.2% | -25,842€ | -70.3% | 3 | 806€ |
| 481 | MB-Radović02308436 · Podgorica | <0.1% | 36,547€ | +17.9% | -6,824€ | -18.7% | 1 | 791€ |
| 482 | VB02771942 · Herceg Novi | <0.1% | 36,462€ | -18.3% | -3,476€ | -9.5% | 2 | 677€ |
| 483 | Livada02993805 · Budva | <0.1% | 36,210€ | +125.9% | 4,466€ | 12.3% | 3 | 563€ |
| 484 | Lux-Life03074838 · Bijelo Polje | <0.1% | 35,875€ | +47.3% | 10,696€ | 29.8% | 1 | 677€ |
| 485 | Il Regalo03248658 · Herceg Novi | <0.1% | 35,007€ | +8.4% | -2,556€ | -7.3% | 2 | 810€ |
| 486 | NS Plast03763315 · Tuzi | <0.1% | 34,714€ | No filing for 2024. | -1,595€ | -4.6% | 2 | 614€ |
| 487 | Bagrem02088789 · Podgorica | <0.1% | 34,563€ | -5.5% | 2,849€ | 8.2% | 1 | 682€ |
| 488 | Stecom03324478 · Podgorica | <0.1% | 34,413€ | +5.8% | 158€ | 0.5% | 2 | 677€ |
| 489 | Bruka02655527 · Budva | <0.1% | 34,347€ | +107.6% | 862€ | 2.5% | 2 | 575€ |
| 490 | Miler03111717 · Podgorica | <0.1% | 34,139€ | +23.3% | 1,135€ | 3.3% | 3 | 716€ |
| 491 | Cipko03336115 · Rožaje | <0.1% | 33,934€ | +176.5% | 9,146€ | 27.0% | 1 | 1,537€ |
| 492 | Flora & Co03492877 · Ulcinj | <0.1% | 33,572€ | -19.0% | -11,577€ | -34.5% | 3 | 573€ |
| 493 | NBG Montenegro03647960 | <0.1% | 32,925€ | +847.8% | -3,650€ | -11.1% | 3 | 659€ |
| 494 | Good Luck Foršpreher02332027 · Herceg Novi | <0.1% | 32,707€ | -0.8% | 2,270€ | 6.9% | 3 | 508€ |
| 495 | JJ Montenegro Company03365999 · Tivat | <0.1% | 32,501€ | +116.4% | -5,669€ | -17.4% | 1 | 592€ |
| 496 | R i o02379082 · Budva | <0.1% | 32,463€ | -69.4% | -13,237€ | -40.8% | 2 | 339€ |
| 497 | Trade Company03707466 · Danilovgrad | <0.1% | 32,298€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,051€ | 6.4% | 2 | 428€ |
| 498 | Pelivani02310171 · Bar | <0.1% | 32,074€ | -1.1% | -3,735€ | -11.6% | 1 | 675€ |
| 499 | Mixvoće03067548 · Podgorica | <0.1% | 31,983€ | -20.2% | -17,170€ | -53.7% | 2 | 847€ |
| 500 | Ulićević03149684 · Podgorica | <0.1% | 31,785€ | +0.1% | -933€ | -2.9% | 1 | 1,104€ |