Revenue
55.0% of Montenegro's revenue
12,148 companies earned 9.71b€ in 2025, 55.0% of all company revenue in Montenegro. It ranks 1 of 25 municipalities by revenue. Revenue has grown 2.7× since 2015.
55.0% of Montenegro's revenue
67.7 per 1,000 residents · Montenegro 57.3
Largest employer: Idea - CG (2,426)
Total profit: 748.64m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,587,068,765€ | 5,044 |
| 2016 | 4,096,949,470€ | 5,487 |
| 2017 | 4,709,755,484€ | 6,109 |
| 2018 | 5,118,600,583€ | 6,927 |
| 2019 | 5,323,922,814€ | 7,518 |
| 2020 | 4,709,522,069€ | 8,027 |
| 2021 | 5,608,587,707€ | 8,567 |
| 2022 | 6,799,397,294€ | 9,638 |
| 2023 | 8,203,771,212€ | 11,057 |
| 2024 | 8,801,908,063€ | 11,952 |
| 2025 (Preliminary) | 9,708,565,989€ | 12,148 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 2,257
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Net Montenegro03076067 · Professional services | 0.3% | 32,697,603€ | -11.0% | 373,995€ | 1.1% | 605 | 1,312€ |
| 2 | Telemont02241102 · Professional services | 0.2% | 16,048,736€ | +6.3% | 438,215€ | 2.7% | 50 | 2,287€ |
| 3 | Permonte02695154 · Professional services | 0.1% | 14,515,999€ | +4.4% | 32,605€ | 0.2% | 13 | 2,221€ |
| 4 | Etg Grupa02264498 · Professional services | 0.1% | 12,606,478€ | +54.5% | 443,860€ | 3.5% | 92 | 1,125€ |
| 5 | Coinis03014215 · Professional services | 0.1% | 11,503,159€ | +5.6% | 2,934,810€ | 25.5% | 84 | 2,624€ |
| 6 | Indel Inženjering02624214 · Professional services | <0.1% | 7,771,072€ | -7.2% | 135,457€ | 1.7% | 28 | 2,275€ |
| 7 | Entext Inženjering02652340 · Professional services | <0.1% | 6,278,419€ | +9.2% | 300,959€ | 4.8% | 20 | 2,616€ |
| 8 | Medex Electric03399290 · Professional services | <0.1% | 5,482,586€ | +64.0% | 91,827€ | 1.7% | 2 | 1,882€ |
| 9 | Vigoris Ecotech03129896 · Professional services | <0.1% | 5,468,602€ | +36.5% | 84,451€ | 1.5% | 41 | 2,423€ |
| 10 | Payten02460033 · Professional services | <0.1% | 4,719,855€ | +35.5% | 280,828€ | 5.9% | 23 | 2,355€ |
| 11 | Montenegro Metropolis Media02333694 · Professional services | <0.1% | 4,657,429€ | +11.5% | 2,326,716€ | 50.0% | 18 | 1,656€ |
| 12 | Redcat02735296 · Professional services | <0.1% | 4,444,950€ | -5.0% | -63,029€ | -1.4% | 184 | 1,543€ |
| 13 | A-Tim Studio03075109 · Professional services | <0.1% | 4,278,775€ | +418.8% | 1,053,273€ | 24.6% | 16 | 1,129€ |
| 14 | Elnos Srbija03282716 · Professional services | <0.1% | 3,750,396€ | +118.6% | 269,939€ | 7.2% | 0 | — |
| 15 | Montvet02304457 · Professional services | <0.1% | 3,592,443€ | +6.1% | 424,679€ | 11.8% | 58 | 1,053€ |
| 16 | Sistem - Mne02919460 · Professional services | <0.1% | 3,554,487€ | -10.7% | 431,223€ | 12.1% | 9 | 1,996€ |
| 17 | Lovćen Auto02830043 · Professional services | <0.1% | 3,542,661€ | +11.6% | 251,884€ | 7.1% | 117 | 1,513€ |
| 18 | Direct Media02350394 · Professional services | <0.1% | 3,477,678€ | -8.8% | 95,021€ | 2.7% | 13 | 2,071€ |
| 19 | Cau - Centar za Arhitekturu i Urbanizam02701111 · Professional services | <0.1% | 3,413,559€ | -34.2% | 77,709€ | 2.3% | 26 | 2,546€ |
| 20 | Universal Media Podgorica02980169 · Professional services | <0.1% | 3,320,811€ | +4.7% | 217,458€ | 6.5% | 11 | 1,351€ |
| 21 | Saniteko Group02280817 · Professional services | <0.1% | 3,280,060€ | +27.9% | 80,444€ | 2.5% | 21 | 1,128€ |
| 22 | Civil Engineer02809010 · Professional services | <0.1% | 3,251,006€ | +77.0% | 452,708€ | 13.9% | 24 | 1,142€ |
| 23 | Centar za Ekotoksikološka Ispitivanja02908433 · Professional services | <0.1% | 3,140,692€ | +1.2% | 195,512€ | 6.2% | 84 | 1,876€ |
| 24 | Nex-Gen Construction03622053 · Professional services | <0.1% | 2,992,525€ | +1,056.3% | 2,327,585€ | 77.8% | 3 | 3,851€ |
| 25 | Holdco East03189414 · Professional services | <0.1% | 2,904,614€ | -63.1% | -319,921€ | -11.0% | 1 | 929€ |
| 26 | Elnos Crna Gora02771195 · Professional services | <0.1% | 2,723,025€ | +40.3% | 84,305€ | 3.1% | 15 | 2,772€ |
| 27 | Tascal Engineering03264734 · Professional services | <0.1% | 2,655,904€ | +32.3% | 660,744€ | 24.9% | 15 | 2,525€ |
| 28 | Sigma Delta Holdings02619105 · Professional services | <0.1% | 2,478,485€ | 0.0% | 2,460,235€ | 99.3% | 1 | 699€ |
| 29 | Interkonekcija03359158 · Professional services | <0.1% | 2,457,671€ | +172.1% | 15,810€ | 0.6% | 4 | 1,909€ |
| 30 | Grafički Dizajn Solucije03115356 · Professional services | <0.1% | 2,399,022€ | -21.4% | 68,746€ | 2.9% | 2 | 1,142€ |
| 31 | Siks03476278 · Professional services | <0.1% | 2,296,304€ | +59.0% | 62,101€ | 2.7% | 32 | 2,490€ |
| 32 | Energoinvest D.D.-Sarajevo03019926 · Professional services | <0.1% | 2,274,636€ | +131.8% | -18,702€ | -0.8% | 1 | 854€ |
| 33 | Artek02770865 · Professional services | <0.1% | 2,165,137€ | +34.8% | 460,331€ | 21.3% | 6 | 1,003€ |
| 34 | Ernst & Young Montenegro02759080 · Professional services | <0.1% | 2,134,809€ | +26.0% | 19,949€ | 0.9% | 23 | 2,526€ |
| 35 | Merit Montenegro03075958 · Professional services | <0.1% | 2,121,313€ | -83.1% | -422,019€ | -19.9% | 1 | 2,734€ |
| 36 | Geotin Mne03179320 · Professional services | <0.1% | 2,076,445€ | +59.3% | 44,049€ | 2.1% | 22 | 1,640€ |
| 37 | Elkon02705001 · Professional services | <0.1% | 2,057,644€ | +62.1% | 227,374€ | 11.1% | 24 | 1,600€ |
| 38 | Universal Engineering03462269 · Professional services | <0.1% | 2,027,109€ | +16.8% | 72,677€ | 3.6% | 3 | 2,441€ |
| 39 | DPC02731525 · Professional services | <0.1% | 1,944,057€ | -2.6% | 116,845€ | 6.0% | 7 | 1,123€ |
| 40 | Adria Management Services02883252 · Professional services | <0.1% | 1,880,129€ | +57.0% | 17,018€ | 0.9% | 2 | 6,737€ |
| 41 | CSP02876752 · Professional services | <0.1% | 1,870,930€ | +24.3% | 199,285€ | 10.7% | 67 | 1,644€ |
| 42 | The Headhunter Montenegro02967880 · Professional services | <0.1% | 1,856,383€ | +28.4% | -130,812€ | -7.0% | 24 | 4,938€ |
| 43 | Centar za Građansko Obrazovanje02358832 · Professional services | <0.1% | 1,696,331€ | +35.4% | 0€ | 0.0% | 20 | 2,330€ |
| 44 | Sienersys02764466 · Professional services | <0.1% | 1,611,608€ | -3.2% | 87,695€ | 5.4% | 17 | 1,878€ |
| 45 | Prelević02420627 · Professional services | <0.1% | 1,593,097€ | +51.5% | 535,482€ | 33.6% | 12 | 2,241€ |
| 46 | Pricewaterhousecoopers02656337 · Professional services | <0.1% | 1,575,950€ | +12.4% | 106,328€ | 6.7% | 20 | 2,461€ |
| 47 | Agencija za Izgradnju i Razvoj Podgorice02397579 · Professional services | <0.1% | 1,556,673€ | +15.9% | 31,324€ | 2.0% | 52 | 2,080€ |
| 48 | Al.Chemical03357899 · Professional services | <0.1% | 1,525,386€ | -22.8% | 57,019€ | 3.7% | 1 | 678€ |
| 49 | MBT Concept03086879 · Professional services | <0.1% | 1,442,435€ | +1,439.3% | 137,056€ | 9.5% | 6 | 4,219€ |
| 50 | Infrastruktura02623684 · Professional services | <0.1% | 1,426,356€ | +25.8% | 160,736€ | 11.3% | 12 | 2,538€ |