Revenue
2.4% of Montenegro's revenue
96 companies earned 425.47m€ in 2025, 2.4% of all company revenue in Montenegro. It ranks 10 of 18 sectors by revenue. Revenue has grown 15.5× since 2015.
2.4% of Montenegro's revenue
22 with at most one employee
Largest employer: Razvojna Banka Crne Gore (98)
Total profit: 162.13m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 27,515,054€ | 82 |
| 2016 | 26,313,808€ | 72 |
| 2017 | 50,564,095€ | 79 |
| 2018 | 29,270,228€ | 81 |
| 2019 | 24,893,351€ | 86 |
| 2020 | 203,550,753€ | 103 |
| 2021 | 249,451,445€ | 99 |
| 2022 | 288,805,478€ | 102 |
| 2023 | 386,032,100€ | 103 |
| 2024 | 450,689,722€ | 102 |
| 2025 (Preliminary) | 425,469,639€ | 96 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–96 of 96
* 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 →
Insurers (ASO) report to their regulator and are not included.
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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Smart Money Solutions03264181 · Podgorica | <0.1% | 184,579€ | +207.9% | 72,473€ | 39.3% | 4 | 1,782€ |
| 52 | New Life CG03245829 · Podgorica | <0.1% | 182,805€ | +5.2% | 12,053€ | 6.6% | 7 | 1,485€ |
| 53 | WVP Fund Management03515222 · Podgorica | <0.1% | 173,896€ | +27.7% | 10,549€ | 6.1% | 3 | 3,498€ |
| 54 | Bull and Bear02708256 · Podgorica | <0.1% | 171,551€ | +138.1% | -73,877€ | -43.1% | 3 | 2,236€ |
| 55 | Adriatic Ag02696894 · Podgorica | <0.1% | 143,588€ | +301.0% | 15,392€ | 10.7% | 2 | 3,345€ |
| 56 | Templer Securities03290697 · Podgorica | <0.1% | 137,693€ | -41.5% | -112,189€ | -81.5% | 3 | 2,545€ |
| 57 | Omega Broker03184307 · Podgorica | <0.1% | 136,948€ | +7.5% | 41,573€ | 30.4% | 2 | 3,126€ |
| 58 | Društvo za Upravljanje Investicionim Fondom Quantum Investments03090663 · Podgorica | <0.1% | 124,792€ | +39.4% | -114,536€ | -91.8% | 4 | 999€ |
| 59 | Amon Broker03231127 · Podgorica | <0.1% | 106,985€ | +13.4% | 2,155€ | 2.0% | 4 | 1,463€ |
| 60 | Moneta Mne03291693 · Podgorica | <0.1% | 106,981€ | -13.7% | -17,628€ | -16.5% | 3 | 1,604€ |
| 61 | Lojd Montenegro02271419 · Podgorica | <0.1% | 97,684€ | +172.1% | 47,293€ | 48.4% | 4 | 485€ |
| 62 | Vip Broker Montenegro02448432 · Podgorica | <0.1% | 95,959€ | -10.4% | -9,507€ | -9.9% | 3 | 901€ |
| 63 | Marsin02781131 · Tuzi | <0.1% | 95,482€ | -38.6% | -3,495€ | -3.7% | 2 | 568€ |
| 64 | Euroinvest02332019 · Podgorica | <0.1% | 76,511€ | +87.4% | -147,405€ | -192.7% | 9 | 719€ |
| 65 | Valuable Insurance Broker03404633 · Podgorica | <0.1% | 61,531€ | +148.6% | 11,979€ | 19.5% | 2 | 1,508€ |
| 66 | Safe Invest CG02418886 · Podgorica | <0.1% | 37,171€ | -8.7% | 22,714€ | 61.1% | 2 | 554€ |
| 67 | Društvo za Posredovanje u Osiguranju Fides03737187 · Podgorica | <0.1% | 26,911€ | No filing for 2024. | 857€ | 3.2% | 2 | 991€ |
| 68 | Professional Insurance Assistance03174816 · Podgorica | <0.1% | 26,269€ | +8.4% | 230€ | 0.9% | 1 | 1,012€ |
| 69 | Stambena Zadruga Sindikata Zatvorskih Službenika Podgorica03201252 · Podgorica | <0.1% | 23,320€ | -75.4% | 0€ | 0.0% | 1 | 1,529€ |
| 70 | Finansije2403360849 · Podgorica | <0.1% | 19,827€ | -31.7% | 2,260€ | 11.4% | 3 | 403€ |
| 71 | Investiciono Društvo Nozax03417646 · Podgorica | <0.1% | 19,668€ | -90.0% | -240,447€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 1,287€ |
| 72 | Solida03728978 · Podgorica | <0.1% | 16,450€ | No filing for 2024. | -37,101€ | -225.5% | 0 | — |
| 73 | Kontakt Mne03045994 · Podgorica | <0.1% | 14,474€ | +44.8% | -30,555€ | -211.1% | 1 | 3,245€ |
| 74 | SM Holding Group03758672 · Cetinje | <0.1% | 13,918€ | No filing for 2024. | -1,278€ | -9.2% | 2 | — |
| 75 | Om Broker03699749 · Danilovgrad | <0.1% | 13,118€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,572€ | -202.6% | 2 | 1,497€ |
| 76 | Vaučer Plus02444887 · Cetinje | <0.1% | 11,462€ | +462.4% | 48€ | 0.4% | 2 | — |
| 77 | Arton Capital Mne03038262 · Podgorica | <0.1% | 9,333€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -52,549€ | -563.0% | 3 | 1,381€ |
| 78 | MT Group02326205 · Budva | <0.1% | 9,091€ | -45.0% | -26,696€ | -293.7% | 1 | 809€ |
| 79 | IN.PRO02672260 · Podgorica | <0.1% | 8,504€ | -30.5% | -10,520€ | -123.7% | 2 | 448€ |
| 80 | Experience03030326 · Tivat | <0.1% | 6,545€ | -19.6% | -6,907€ | -105.5% | 1 | 984€ |
| 81 | Zetmont02318920 · Podgorica | <0.1% | 6,049€ | -57.2% | -12,229€ | -202.2% | 1 | 333€ |
| 82 | Aktiva Investments02627329 · Podgorica | <0.1% | 3,900€ | +828.6% | -1,940€ | -49.7% | 1 | 370€ |
| 83 | Planet 205003622487 · Tivat | <0.1% | 2,426€ | -96.8% | -9,515€ | -392.2% | 1 | 670€ |
| 84 | Troika Dialog03640175 · Podgorica | <0.1% | 1,630€ | -97.3% | -2,486€ | -152.5% | 1 | — |
| 85 | General Assembly (montenegro)03727912 · Podgorica | <0.1% | 26€ | No filing for 2024. | -69,203€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 701€ |
| 86 | Adria Holding Group03390675 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,742€ | — | 1 | 451€ |
| 87 | Abc Ventures03781569 · Podgorica | 0.0% | 0€ | No filing for 2024. | -27,923€ | — | 1 | — |
| 88 | Alphaquotes LLC03456862 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,879€ | — | 2 | 367€ |
| 89 | Gate Capital03577872 · Budva | 0.0% | 0€ | -100.0% | -12,991€ | — | 1 | 922€ |
| 90 | Kanet Adriatik03184447 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 91 | Kseno Group02909804 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -54,106€ | — | 1 | 674€ |
| 92 | Prospera Management03811042 · Nikšić | 0.0% | 0€ | No filing for 2024. | -15€ | — | 0 | — |
| 93 | RSB151003426521 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,110€ | — | — | — |
| 94 | Vad Eurojet Holdings03632733 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,887€ | — | 1 | 678€ |
| 95 | Moncon Investments03112934 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 96 | Eurofond02359472 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -126,478€ | — | 8 | — |