Revenue
9.4% of sector revenue
60 companies earned 38.13m€ in 2025, 9.4% of Administrative services sector revenue. Revenue has grown 2.7× since 2015.
9.4% of sector revenue
14 with at most one employee
Largest employer: Vector System Security (405)
Median company 3.9% · 63% 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 1–50 of 60
* 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 →
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 | 14,198,254€ | 47 |
| 2016 | 17,731,627€ | 46 |
| 2017 | 19,835,266€ | 46 |
| 2018 | 21,074,744€ | 48 |
| 2019 | 22,980,269€ | 49 |
| 2020 | 22,446,233€ | 51 |
| 2021 | 21,137,919€ | 53 |
| 2022 | 23,257,723€ | 53 |
| 2023 | 26,121,308€ | 55 |
| 2024 | 30,796,151€ | 60 |
| 2025 (Preliminary) | 38,134,078€ | 60 |
Employees and payroll cost per employee per month*
11.3% |
| 4,294,008€ |
| +21.3% |
| 401,833€ |
| 9.4% |
| 292 |
| 950€ |
| 3 | Nikšić Guard Security02656841 · Budva | 10.5% | 3,995,422€ | +40.6% | 476,112€ | 11.9% | 321 | 821€ |
| 4 | Gold Security03280799 · Nikšić | 9.6% | 3,645,011€ | +27.4% | 146,913€ | 4.0% | 156 | 1,380€ |
| 5 | Security Guard Montenegro.02960150 · Podgorica | 6.6% | 2,526,829€ | +32.1% | 45,176€ | 1.8% | 113 | 1,265€ |
| 6 | Sistem S02814480 · Podgorica | 6.5% | 2,473,571€ | +15.7% | 305,277€ | 12.3% | 164 | 732€ |
| 7 | Sab Security Montenegro02932920 · Herceg Novi | 5.2% | 1,987,773€ | -14.5% | 72,997€ | 3.7% | 96 | 1,051€ |
| 8 | LB Security and Emergency Response Services03416089 · Tivat | 4.4% | 1,687,106€ | +83.7% | 607,496€ | 36.0% | 41 | 1,936€ |
| 9 | Asp Montenegro02771748 · Podgorica | 3.5% | 1,346,635€ | +7.4% | 14,972€ | 1.1% | 65 | 1,089€ |
| 10 | Respect Security03062678 · Podgorica | 3.0% | 1,151,122€ | +47.8% | 44,056€ | 3.8% | 56 | 1,251€ |
| 11 | Star Montenegro Security03302334 · Podgorica | 2.7% | 1,017,707€ | +30.6% | 10,446€ | 1.0% | 33 | 1,939€ |
| 12 | Bim Security02895773 · Budva | 1.9% | 735,500€ | +30.6% | 42,598€ | 5.8% | 50 | 1,015€ |
| 13 | Guard F.T.O.02726467 · Budva | 1.9% | 711,732€ | +33.2% | 72,546€ | 10.2% | 48 | 917€ |
| 14 | Advance Security Solutions03562867 · Podgorica | 1.4% | 517,161€ | +39.9% | 40,310€ | 7.8% | 16 | 1,208€ |
| 15 | Fenix-T02854058 · Podgorica | 1.3% | 494,627€ | +12.5% | 20,616€ | 4.2% | 19 | 710€ |
| 16 | Protector Mne02975947 · Podgorica | 1.2% | 470,454€ | +31.9% | 32,814€ | 7.0% | 25 | 570€ |
| 17 | D-Security03006514 · Podgorica | 1.1% | 417,827€ | +23.8% | 2,745€ | 0.7% | 10 | 1,633€ |
| 18 | Proguard Security03392481 · Podgorica | 1.1% | 407,458€ | +35.2% | 31,728€ | 7.8% | 11 | 1,693€ |
| 19 | Consulting Diamond03179885 · Podgorica | 1.0% | 382,643€ | +34.6% | 115,725€ | 30.2% | 14 | 1,554€ |
| 20 | Safety & Consulting Agency02859122 · Podgorica | 1.0% | 373,309€ | +17.4% | 194,586€ | 52.1% | 9 | 799€ |
| 21 | Professionals Private Security02960796 · Podgorica | 1.0% | 369,254€ | +39.4% | 8,011€ | 2.2% | 18 | 1,036€ |
| 22 | Guardian World02387620 · Nikšić | 0.9% | 326,230€ | -44.5% | -406,566€ | -124.6% | 20 | 1,286€ |
| 23 | Protector02387999 · Budva | 0.8% | 321,044€ | +9.8% | -4,424€ | -1.4% | 19 | 1,218€ |
| 24 | G4S Security Services Crna Gora02447967 · Podgorica | 0.8% | 315,455€ | +70.8% | 40,899€ | 13.0% | 22 | 889€ |
| 25 | Centurion - NK Tim02686040 · Nikšić | 0.8% | 286,722€ | -24.7% | 5,469€ | 1.9% | 25 | 735€ |
| 26 | Nod Security - Mne03059014 · Rožaje | 0.7% | 282,704€ | +423.4% | 24,524€ | 8.7% | 15 | 1,025€ |
| 27 | Podgor02667436 · Podgorica | 0.7% | 280,857€ | +42.7% | 17,601€ | 6.3% | 4 | 1,155€ |
| 28 | Top Force System02729229 · Nikšić | 0.6% | 219,463€ | -40.0% | 6,933€ | 3.2% | 9 | 1,358€ |
| 29 | Don Security02736110 · Nikšić | 0.5% | 195,184€ | +5.3% | 449€ | 0.2% | 21 | 698€ |
| 30 | BB Security03077063 · Budva | 0.5% | 176,849€ | -0.3% | 72,462€ | 41.0% | 1 | 6,045€ |
| 31 | Guardian Angel Security Agency02893088 · Podgorica | 0.4% | 168,781€ | +7.6% | 2,501€ | 1.5% | 12 | 935€ |
| 32 | Future Security03650936 · Podgorica | 0.4% | 167,475€ | +1,271.6% | 20,542€ | 12.3% | 9 | 1,077€ |
| 33 | M.K.Protect02866820 · Podgorica | 0.4% | 157,361€ | +40.9% | 4,021€ | 2.6% | 10 | 1,202€ |
| 34 | Gladius03756408 · Nikšić | 0.4% | 134,641€ | No filing for 2024. | -1,834€ | -1.4% | 0 | — |
| 35 | Safeguard Security Co03229408 · Budva | 0.2% | 90,727€ | +42.0% | 6,451€ | 7.1% | 8 | 855€ |
| 36 | DNĐ Security03442594 · Budva | 0.2% | 68,141€ | +6.9% | -2,470€ | -3.6% | 7 | 748€ |
| 37 | Ultra SM03689204 · Podgorica | 0.2% | 66,000€ | +202.8% | -5,897€ | -8.9% | 5 | 870€ |
| 38 | Bia-Security-MN-RM03604918 · Podgorica | 0.2% | 65,263€ | +87.8% | 9,806€ | 15.0% | 1 | 452€ |
| 39 | Euro Security03295036 · Podgorica | 0.2% | 58,784€ | +20.3% | 5,916€ | 10.1% | 3 | 1,336€ |
| 40 | Security Company03268969 · Podgorica | 0.1% | 52,344€ | -38.0% | -13,554€ | -25.9% | 2 | — |
| 41 | Domgard03018431 · Podgorica | 0.1% | 51,419€ | +0.7% | 3,361€ | 6.5% | 5 | 703€ |
| 42 | SA.G.7B. Security03518574 · Nikšić | 0.1% | 50,846€ | -57.7% | -10,150€ | -20.0% | 4 | 1,207€ |
| 43 | Sapcom02953188 · Tivat | 0.1% | 50,079€ | -21.9% | 511€ | 1.0% | 1 | 816€ |
| 44 | Top Guard03013162 · Kotor | 0.1% | 46,734€ | +69.7% | -3,567€ | -7.6% | 4 | 842€ |
| 45 | Secop Guard Montenegro03582540 · Podgorica | <0.1% | 36,624€ | +238.4% | -119€ | -0.3% | 1 | 2,197€ |
| 46 | W.M.P.M.A.Sistem02780526 · Budva | <0.1% | 18,600€ | -78.3% | 5,285€ | 28.4% | 2 | 521€ |
| 47 | International Securtiy Defense System03389880 · Podgorica | <0.1% | 17,700€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,265€ | 24.1% | 1 | 1,031€ |
| 48 | Security Vip03751481 · Podgorica | <0.1% | 9,300€ | No filing for 2024. | -3,920€ | -42.2% | 2 | 429€ |
| 49 | Joker Security03710785 · Podgorica | <0.1% | 4,870€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,037€ | -21.3% | 1 | — |
| 50 | Centurion-Max03653692 · Nikšić | <0.1% | 1,025€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,007€ | -98.2% | 1 | — |