Revenue
4.8% of sector revenue
160 companies earned 19.46m€ in 2025, 4.8% of Administrative services sector revenue. Revenue has grown 3.7× since 2015.
4.8% of sector revenue
104 with at most one employee
Largest employer: Tržnice i Pijace (152)
Median company 0.3% · 29% 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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 160
* 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 | 5,287,558€ | 52 |
| 2016 | 6,617,880€ | 56 |
| 2017 | 7,938,697€ | 58 |
| 2018 | 8,519,597€ | 68 |
| 2019 | 8,818,279€ | 92 |
| 2020 | 7,507,170€ | 121 |
| 2021 | 8,699,444€ | 145 |
| 2022 | 13,599,751€ | 166 |
| 2023 | 16,733,995€ | 162 |
| 2024 | 19,570,082€ | 161 |
| 2025 (Preliminary) | 19,455,873€ | 160 |
The number of companies jumped most in 2020: from 92 to 121.
16.3% |
| 3,170,279€ |
| -42.9% |
| 454,860€ |
| 14.3% |
| 3 |
| 633€ |
| 3 | Bio Save02896168 · Podgorica | 12.0% | 2,329,255€ | +7.9% | 7,259€ | 0.3% | 10 | 3,880€ |
| 4 | Mreža02384493 · Podgorica | 4.7% | 907,847€ | +18.1% | 18,221€ | 2.0% | 7 | 1,331€ |
| 5 | Smart Med03321975 · Podgorica | 4.0% | 775,917€ | +38.5% | -41,982€ | -5.4% | 2 | 479€ |
| 6 | Monte Sound02964252 · Podgorica | 3.6% | 696,792€ | +41.8% | 240,716€ | 34.5% | 6 | 1,395€ |
| 7 | Pijace/Tregu03399109 · Tuzi | 2.8% | 538,188€ | -0.9% | -32,982€ | -6.1% | 38 | 1,003€ |
| 8 | Luna Web03374670 · Podgorica | 2.7% | 520,402€ | +17.5% | 5,930€ | 1.1% | 25 | 1,532€ |
| 9 | MVM Montenegro03080641 · Podgorica | 2.4% | 475,977€ | +31.6% | 2,891€ | 0.6% | 11 | 2,006€ |
| 10 | Global Education03644839 · Podgorica | 2.0% | 397,594€ | +1,896.6% | 4,830€ | 1.2% | 13 | 850€ |
| 11 | Kompozit - Me03306488 · Bar | 2.0% | 393,346€ | +22.9% | 4,958€ | 1.3% | 6 | 560€ |
| 12 | Matijašević02439824 · Nikšić | 1.9% | 367,321€ | -4.7% | 5,712€ | 1.6% | 2 | 863€ |
| 13 | Ipa Agency03038939 · Podgorica | 1.5% | 301,196€ | +607.6% | 1,870€ | 0.6% | 1 | — |
| 14 | Marin Med Montenegro03043452 · Kotor | 1.4% | 267,875€ | -61.7% | -121,111€ | -45.2% | 5 | 1,900€ |
| 15 | Devotion03115186 · Podgorica | 1.2% | 224,305€ | -41.5% | 45,052€ | 20.1% | 1 | 6,639€ |
| 16 | Myworld02897814 · Podgorica | 1.1% | 222,661€ | +24.9% | -26,830€ | -12.0% | 3 | 3,124€ |
| 17 | Prime Consult02865009 · Tivat | 1.1% | 205,107€ | +2.3% | 2,054€ | 1.0% | 3 | 599€ |
| 18 | FTC Technical03388018 · Podgorica | 1.0% | 190,500€ | +4.9% | -11,428€ | -6.0% | 7 | 1,972€ |
| 19 | Hipokrat Group Mne03180034 · Podgorica | 1.0% | 189,759€ | +18.2% | 1,966€ | 1.0% | 2 | 5,040€ |
| 20 | Lobanjica03569772 · Herceg Novi | 0.9% | 169,600€ | -16.3% | 63,923€ | 37.7% | 3 | 1,117€ |
| 21 | Genetics Lab & Solutions03306895 · Podgorica | 0.8% | 148,721€ | -20.2% | -14,779€ | -9.9% | 2 | 2,343€ |
| 22 | Mis Medical03664236 · Podgorica | 0.8% | 148,335€ | +264.3% | -2,057€ | -1.4% | 2 | 1,563€ |
| 23 | M&B Pro03749665 · Kotor | 0.7% | 144,936€ | No filing for 2024. | 2,776€ | 1.9% | 12 | 954€ |
| 24 | Digitalsmart03339980 · Podgorica | 0.7% | 140,247€ | +7.1% | 8,662€ | 6.2% | 7 | 1,004€ |
| 25 | Instacall CG03473627 · Rožaje | 0.6% | 122,500€ | -16.1% | 2,723€ | 2.2% | 3 | 2,694€ |
| 26 | Exacta Agency03531473 · Podgorica | 0.6% | 122,432€ | +81.0% | 14,246€ | 11.6% | 4 | 1,208€ |
| 27 | Crnogorski Institut za Sertifikaciju i Kvalitet03106489 · Podgorica | 0.6% | 118,183€ | +16.0% | 15,491€ | 13.1% | 4 | 1,220€ |
| 28 | Nacionalno Sertifikaciono Tijelo Montecert03073688 · Herceg Novi | 0.6% | 111,830€ | +3.1% | 14,050€ | 12.6% | 2 | 1,999€ |
| 29 | Acibadem Saglik Hizmetleri Ve Ticaret Anonim Sirketi, Turska03318770 · Podgorica | 0.6% | 109,991€ | +15.2% | 0€ | 0.0% | 3 | 2,807€ |
| 30 | Tiph03468577 · Tivat | 0.5% | 96,640€ | -11.0% | 48,029€ | 49.7% | 2 | 459€ |
| 31 | Worwag Pharma Gmbh&Co.Kg02767198 · Podgorica | 0.5% | 95,709€ | -15.4% | 0€ | 0.0% | 2 | 2,200€ |
| 32 | Attrezzatura03130037 · Danilovgrad | 0.5% | 93,638€ | +53.3% | 16,395€ | 17.5% | 1 | — |
| 33 | Marz Aviation03474437 · Budva | 0.4% | 80,689€ | +348.3% | 28,313€ | 35.1% | 1 | 2,291€ |
| 34 | Digital Media Solutions03426971 · Herceg Novi | 0.4% | 80,643€ | -33.3% | 10,740€ | 13.3% | 1 | 2,017€ |
| 35 | Svemir Invest03083403 · Bar | 0.4% | 71,154€ | +144.9% | 6,607€ | 9.3% | 1 | 783€ |
| 36 | S.J.T. Company02967669 · Budva | 0.4% | 71,005€ | -2.6% | -17,003€ | -23.9% | 0 | — |
| 37 | Sofijapoc03622886 · Podgorica | 0.4% | 69,538€ | -6.4% | 22,044€ | 31.7% | 1 | 2,227€ |
| 38 | Podgorica02029413 · Podgorica | 0.3% | 67,550€ | -10.2% | -9,010€ | -13.3% | 2 | 3,001€ |
| 39 | Balkan Expert Consulting02818540 · Bar | 0.3% | 63,718€ | +65.2% | 8,743€ | 13.7% | 3 | 901€ |
| 40 | Beescreativ03490882 · Podgorica | 0.3% | 63,295€ | -8.9% | 8,693€ | 13.7% | 1 | 4,052€ |
| 41 | Masliuk Consulting03324010 · Budva | 0.3% | 59,839€ | +93.0% | 27,082€ | 45.3% | 1 | 1,744€ |
| 42 | Car Agent03400204 · Nikšić | 0.3% | 57,150€ | +48.0% | -7,406€ | -13.0% | 1 | 749€ |
| 43 | M.G.I.02424991 · Kotor | 0.3% | 53,066€ | +12.5% | -727€ | -1.4% | 2 | 846€ |
| 44 | Rhei Life03519317 · Podgorica | 0.3% | 51,889€ | -4.2% | 0€ | 0.0% | 1 | 2,207€ |
| 45 | Hodžić BP 202303599418 · Bijelo Polje | 0.3% | 51,214€ | +446.2% | 4,483€ | 8.8% | 2 | 1,028€ |
| 46 | Medikol Health Care Montenegro03727190 · Podgorica | 0.2% | 48,000€ | No filing for 2024. | 3,428€ | 7.1% | 2 | 878€ |
| 47 | Fleet Master Services03772357 · Podgorica | 0.2% | 46,590€ | No filing for 2024. | 1,078€ | 2.3% | 5 | 702€ |
| 48 | BS Invest03376699 · Podgorica | 0.2% | 43,529€ | +29.0% | 5,618€ | 12.9% | 1 | 2,172€ |
| 49 | HLG02416891 · Kotor | 0.2% | 41,563€ | +95.0% | -170,673€ | -410.6% | 5 | 556€ |
| 50 | ZN-Soft02167972 · Bar | 0.2% | 40,135€ | -20.1% | 18,119€ | 45.1% | 3 | 346€ |