Revenue
754.04m€2.9× since 2015
4.3% of Montenegro's revenue
Professional services
5,140 companies earned 754.04m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 7 of 18 sectors by revenue. Revenue has grown 2.9× since 2015.
Nationwide · 2025
Year
Overview
Companies
5,140+3,447 since 2015
3,148 with at most one employee
Employees
13,9872.3× since 2015
Largest employer: Net Montenegro (605)
Profit margin
9.7%3.6 pts above average
Total profit: 73.05m€
This sector 9.7%Montenegro: 6.1%
Payroll cost/emp./mo*
1,320€6% above average
Average per employee, not per company
This sector 1,320€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 260,465,104€ | 1,693 |
| 2016 | 282,295,144€ | 1,857 |
| 2017 | 297,746,589€ | 2,096 |
| 2018 | 355,444,030€ | 2,719 |
| 2019 | 389,657,902€ | 3,076 |
| 2020 | 379,713,011€ | 3,280 |
| 2021 | 460,416,960€ | 3,544 |
| 2022 | 481,963,069€ | 4,157 |
| 2023 | 573,319,896€ | 4,742 |
| 2024 | 663,861,015€ | 5,063 |
| 2025 (Preliminary) | 754,035,790€ | 5,140 |
The number of companies jumped most in 2018: from 2,096 to 2,719.
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (4,586)
- 651.93m€ → 726.45m€
- Employees, same companies
- 12,321 → 12,916
- Payroll cost per employee, same companies
- 1,184€ → 1,359€
- Filed for 2025, not for 2024
- 554 companies · 27.59m€
- Filed for 2024, not for 2025
- 477 companies, 11.93m€ in 2024
Activities in this sector
- Companies
- 957
- Employees
- 3,206
- Revenue
- 308,549,466€
- Companies
- 1,560
- Employees
- 3,620
- Revenue
- 167,436,111€
7.8%
- Companies
- 543
- Employees
- 970
- Revenue
- 58,444,591€
- Companies
- 727
- Employees
- 2,147
- Revenue
- 52,839,064€
6.5%
- Companies
- 139
- Employees
- 1,099
- Revenue
- 49,027,564€
3.7%
- Companies
- 249
- Employees
- 585
- Revenue
- 27,936,374€
6910
Legal activities- Companies
- 79
- Employees
- 621
- Revenue
- 21,585,511€
1.7%
- Companies
- 47
- Employees
- 301
- Revenue
- 13,042,575€
- Companies
- 78
- Employees
- 223
- Revenue
- 10,919,172€
- Companies
- 53
- Employees
- 131
- Revenue
- 9,972,769€
1.1%
- Companies
- 328
- Employees
- 420
- Revenue
- 8,475,917€
- Companies
- 58
- Employees
- 106
- Revenue
- 5,532,672€
0.6%
- Companies
- 32
- Employees
- 49
- Revenue
- 4,485,215€
0.6%
- Companies
- 38
- Employees
- 56
- Revenue
- 4,391,660€
- Companies
- 49
- Employees
- 71
- Revenue
- 3,624,267€
4 more activities
7,772,862€ · 1.0%
Total
- Companies
- 5,140
- Employees
- 13,987
- Revenue
- 754,035,790€
Where they are and who is growing
Revenue by municipality
Share of the sector's revenue
- Podgorica 463.17m€61.4%
- Nikšić 56.61m€7.5%
- Herceg Novi 43.81m€5.8%
- Bar 43.61m€5.8%
- Budva 35.77m€4.7%
- Tivat 27.43m€3.6%
- Bijelo Polje 19.34m€2.6%
- Other municipalities (17) 44.80m€5.9%
- No municipality in the registry 19.48m€2.6%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Civil Engineer1.84m€ → 3.25m€+77.0%
- Elkon1.27m€ → 2.06m€+62.1%
- Geotin Mne1.30m€ → 2.08m€+59.3%
- Ing Invest2.46m€ → 3.91m€+59.1%
- Siks1.44m€ → 2.30m€+59.0%
Largest employers
Employees and payroll cost per employee per month*
- 6051,312€
- 1841,543€
- 1801,228€
- 1171,513€
- 961,292€
All companies (5,140)
Ranked by total revenue · Showing 1–50 of 5,140
- 1Net Montenegro03076067 · PodgoricaRevenue share4.3%
- Revenue
- 32,697,603€
- Revenue change 2024→2025
- -11.0%
- Profit
- 373,995€
- Margin
- 1.1%
- Employees
- 605
- Payroll cost/emp./mo*
- 1,312€
- 2Krnovo Green Energy02713527 · NikšićRevenue share2.9%
- Revenue
- 22,131,129€
- Revenue change 2024→2025
- +1.0%
- Profit
- 3,562,943€
- Margin
- 16.1%
- Employees
- 1
- Payroll cost/emp./mo*
- 613€
- 3Telemont02241102 · PodgoricaRevenue share2.1%
- Revenue
- 16,048,736€
- Revenue change 2024→2025
- +6.3%
- Profit
- 438,215€
- Margin
- 2.7%
- Employees
- 50
- Payroll cost/emp./mo*
- 2,287€
- 4Permonte02695154 · PodgoricaRevenue share1.9%
- Revenue
- 14,515,999€
- Revenue change 2024→2025
- +4.4%
- Profit
- 32,605€
- Margin
- 0.2%
- Employees
- 13
- Payroll cost/emp./mo*
- 2,221€
- 5Etg Grupa02264498 · PodgoricaRevenue share1.7%
- Revenue
- 12,606,478€
- Revenue change 2024→2025
- +54.5%
- Profit
- 443,860€
- Margin
- 3.5%
- Employees
- 92
- Payroll cost/emp./mo*
- 1,125€
- 6Coinis03014215 · PodgoricaRevenue share1.5%
- Revenue
- 11,503,159€
- Revenue change 2024→2025
- +5.6%
- Profit
- 2,934,810€
- Margin
- 25.5%
- Employees
- 84
- Payroll cost/emp./mo*
- 2,624€
- 7B2B03168212 · BarRevenue share1.2%
- Revenue
- 9,201,960€
- Revenue change 2024→2025
- -8.5%
- Profit
- 1,775,063€
- Margin
- 19.3%
- Employees
- 180
- Payroll cost/emp./mo*
- 1,228€
- 8Indel Inženjering02624214 · PodgoricaRevenue share1.0%
- Revenue
- 7,771,072€
- Revenue change 2024→2025
- -7.2%
- Profit
- 135,457€
- Margin
- 1.7%
- Employees
- 28
- Payroll cost/emp./mo*
- 2,275€
- 9Krušo02100452 · Herceg NoviRevenue share1.0%
- Revenue
- 7,183,609€
- Revenue change 2024→2025
- +20.4%
- Profit
- 662,136€
- Margin
- 9.2%
- Employees
- 96
- Payroll cost/emp./mo*
- 1,292€
- 10Avista Realty Group02699532 · BarRevenue share0.9%
- Revenue
- 6,914,110€
- Revenue change 2024→2025
- +4,082.4%
- Profit
- 124,849€
- Margin
- 1.8%
- Employees
- 5
- Payroll cost/emp./mo*
- 5,100€
- 11Entext Inženjering02652340 · PodgoricaRevenue share0.8%
- Revenue
- 6,278,419€
- Revenue change 2024→2025
- +9.2%
- Profit
- 300,959€
- Margin
- 4.8%
- Employees
- 20
- Payroll cost/emp./mo*
- 2,616€
- 12Geo-Master03327205 · Bijelo PoljeRevenue share0.7%
- Revenue
- 5,626,158€
- Revenue change 2024→2025
- +1,452.8%
- Profit
- 794,550€
- Margin
- 14.1%
- Employees
- 9
- Payroll cost/emp./mo*
- 1,479€
- 13Medex Electric03399290 · PodgoricaRevenue share0.7%
- Revenue
- 5,482,586€
- Revenue change 2024→2025
- +64.0%
- Profit
- 91,827€
- Margin
- 1.7%
- Employees
- 2
- Payroll cost/emp./mo*
- 1,882€
- 14Vigoris Ecotech03129896 · PodgoricaRevenue share0.7%
- Revenue
- 5,468,602€
- Revenue change 2024→2025
- +36.5%
- Profit
- 84,451€
- Margin
- 1.5%
- Employees
- 41
- Payroll cost/emp./mo*
- 2,423€
- 15Payten02460033 · PodgoricaRevenue share0.6%
- Revenue
- 4,719,855€
- Revenue change 2024→2025
- +35.5%
- Profit
- 280,828€
- Margin
- 5.9%
- Employees
- 23
- Payroll cost/emp./mo*
- 2,355€
- 16Montenegro Metropolis Media02333694 · PodgoricaRevenue share0.6%
- Revenue
- 4,657,429€
- Revenue change 2024→2025
- +11.5%
- Profit
- 2,326,716€
- Margin
- 50.0%
- Employees
- 18
- Payroll cost/emp./mo*
- 1,656€
- 17Imperio Holdings Limited02916916 · Herceg NoviRevenue share0.6%
- Revenue
- 4,587,640€
- Revenue change 2024→2025
- +58.1%
- Profit
- 1,052,110€
- Margin
- 22.9%
- Employees
- 22
- Payroll cost/emp./mo*
- 1,580€
- 18Redcat02735296 · PodgoricaRevenue share0.6%
- Revenue
- 4,444,950€
- Revenue change 2024→2025
- -5.0%
- Profit
- -63,029€
- Margin
- -1.4%
- Employees
- 184
- Payroll cost/emp./mo*
- 1,543€
- 19A-Tim Studio03075109 · PodgoricaRevenue share0.6%
- Revenue
- 4,278,775€
- Revenue change 2024→2025
- +418.8%
- Profit
- 1,053,273€
- Margin
- 24.6%
- Employees
- 16
- Payroll cost/emp./mo*
- 1,129€
- 20Ing Invest02258633 · DanilovgradRevenue share0.5%
- Revenue
- 3,913,350€
- Revenue change 2024→2025
- +59.1%
- Profit
- 325,992€
- Margin
- 8.3%
- Employees
- 75
- Payroll cost/emp./mo*
- 1,812€
- 21Elnos Srbija03282716 · PodgoricaRevenue share0.5%
- Revenue
- 3,750,396€
- Revenue change 2024→2025
- +118.6%
- Profit
- 269,939€
- Margin
- 7.2%
- Employees
- 0
- Payroll cost/emp./mo*
- —
- 22Genmont03368459 · TivatRevenue share0.5%
- Revenue
- 3,705,549€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 3,389,001€
- Margin
- 91.5%
- Employees
- 1
- Payroll cost/emp./mo*
- 563€
- 23Implemenia03121593 · Herceg NoviRevenue share0.5%
- Revenue
- 3,619,461€
- Revenue change 2024→2025
- -19.2%
- Profit
- 109,339€
- Margin
- 3.0%
- Employees
- 26
- Payroll cost/emp./mo*
- 1,180€
- 24Montvet02304457 · PodgoricaRevenue share0.5%
- Revenue
- 3,592,443€
- Revenue change 2024→2025
- +6.1%
- Profit
- 424,679€
- Margin
- 11.8%
- Employees
- 58
- Payroll cost/emp./mo*
- 1,053€
- 25Sistem - Mne02919460 · PodgoricaRevenue share0.5%
- Revenue
- 3,554,487€
- Revenue change 2024→2025
- -10.7%
- Profit
- 431,223€
- Margin
- 12.1%
- Employees
- 9
- Payroll cost/emp./mo*
- 1,996€
- 26Lovćen Auto02830043 · PodgoricaRevenue share0.5%
- Revenue
- 3,542,661€
- Revenue change 2024→2025
- +11.6%
- Profit
- 251,884€
- Margin
- 7.1%
- Employees
- 117
- Payroll cost/emp./mo*
- 1,513€
- 27Direct Media02350394 · PodgoricaRevenue share0.5%
- Revenue
- 3,477,678€
- Revenue change 2024→2025
- -8.8%
- Profit
- 95,021€
- Margin
- 2.7%
- Employees
- 13
- Payroll cost/emp./mo*
- 2,071€
- 28Cau - Centar za Arhitekturu i Urbanizam02701111 · PodgoricaRevenue share0.5%
- Revenue
- 3,413,559€
- Revenue change 2024→2025
- -34.2%
- Profit
- 77,709€
- Margin
- 2.3%
- Employees
- 26
- Payroll cost/emp./mo*
- 2,546€
- 29Universal Media Podgorica02980169 · PodgoricaRevenue share0.4%
- Revenue
- 3,320,811€
- Revenue change 2024→2025
- +4.7%
- Profit
- 217,458€
- Margin
- 6.5%
- Employees
- 11
- Payroll cost/emp./mo*
- 1,351€
- 30Saniteko Group02280817 · PodgoricaRevenue share0.4%
- Revenue
- 3,280,060€
- Revenue change 2024→2025
- +27.9%
- Profit
- 80,444€
- Margin
- 2.5%
- Employees
- 21
- Payroll cost/emp./mo*
- 1,128€
- 31Yes Event02416174 · BudvaRevenue share0.4%
- Revenue
- 3,270,554€
- Revenue change 2024→2025
- +44.2%
- Profit
- 317,273€
- Margin
- 9.7%
- Employees
- 14
- Payroll cost/emp./mo*
- 1,725€
- 32Civil Engineer02809010 · PodgoricaRevenue share0.4%
- Revenue
- 3,251,006€
- Revenue change 2024→2025
- +77.0%
- Profit
- 452,708€
- Margin
- 13.9%
- Employees
- 24
- Payroll cost/emp./mo*
- 1,142€
- 33Centar za Ekotoksikološka Ispitivanja02908433 · PodgoricaRevenue share0.4%
- Revenue
- 3,140,692€
- Revenue change 2024→2025
- +1.2%
- Profit
- 195,512€
- Margin
- 6.2%
- Employees
- 84
- Payroll cost/emp./mo*
- 1,876€
- 34Balance Ak03368955 · TivatRevenue share0.4%
- Revenue
- 3,074,277€
- Revenue change 2024→2025
- +1,168,826.6%
- Profit
- 2,908,552€
- Margin
- 94.6%
- Employees
- 1
- Payroll cost/emp./mo*
- 563€
- 35Nex-Gen Construction03622053 · PodgoricaRevenue share0.4%
- Revenue
- 2,992,525€
- Revenue change 2024→2025
- +1,056.3%
- Profit
- 2,327,585€
- Margin
- 77.8%
- Employees
- 3
- Payroll cost/emp./mo*
- 3,851€
- 36Holdco East03189414 · PodgoricaRevenue share0.4%
- Revenue
- 2,904,614€
- Revenue change 2024→2025
- -63.1%
- Profit
- -319,921€
- Margin
- -11.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
- 37Bencom02199653 · Herceg NoviRevenue share0.4%
- Revenue
- 2,744,860€
- Revenue change 2024→2025
- +18.7%
- Profit
- 401,007€
- Margin
- 14.6%
- Employees
- 56
- Payroll cost/emp./mo*
- 2,477€
- 38Elnos Crna Gora02771195 · PodgoricaRevenue share0.4%
- Revenue
- 2,723,025€
- Revenue change 2024→2025
- +40.3%
- Profit
- 84,305€
- Margin
- 3.1%
- Employees
- 15
- Payroll cost/emp./mo*
- 2,772€
- 39Tascal Engineering03264734 · PodgoricaRevenue share0.4%
- Revenue
- 2,655,904€
- Revenue change 2024→2025
- +32.3%
- Profit
- 660,744€
- Margin
- 24.9%
- Employees
- 15
- Payroll cost/emp./mo*
- 2,525€
- 40Sigma Delta Holdings02619105 · PodgoricaRevenue share0.3%
- Revenue
- 2,478,485€
- Revenue change 2024→2025
- 0.0%
- Profit
- 2,460,235€
- Margin
- 99.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 699€
- 41Interkonekcija03359158 · PodgoricaRevenue share0.3%
- Revenue
- 2,457,671€
- Revenue change 2024→2025
- +172.1%
- Profit
- 15,810€
- Margin
- 0.6%
- Employees
- 4
- Payroll cost/emp./mo*
- 1,909€
- 42Grafički Dizajn Solucije03115356 · PodgoricaRevenue share0.3%
- Revenue
- 2,399,022€
- Revenue change 2024→2025
- -21.4%
- Profit
- 68,746€
- Margin
- 2.9%
- Employees
- 2
- Payroll cost/emp./mo*
- 1,142€
- 43Siks03476278 · PodgoricaRevenue share0.3%
- Revenue
- 2,296,304€
- Revenue change 2024→2025
- +59.0%
- Profit
- 62,101€
- Margin
- 2.7%
- Employees
- 32
- Payroll cost/emp./mo*
- 2,490€
- 44Energoinvest D.D.-Sarajevo03019926 · PodgoricaRevenue share0.3%
- Revenue
- 2,274,636€
- Revenue change 2024→2025
- +131.8%
- Profit
- -18,702€
- Margin
- -0.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 854€
- 45Artek02770865 · PodgoricaRevenue share0.3%
- Revenue
- 2,165,137€
- Revenue change 2024→2025
- +34.8%
- Profit
- 460,331€
- Margin
- 21.3%
- Employees
- 6
- Payroll cost/emp./mo*
- 1,003€
- 46Ernst & Young Montenegro02759080 · PodgoricaRevenue share0.3%
- Revenue
- 2,134,809€
- Revenue change 2024→2025
- +26.0%
- Profit
- 19,949€
- Margin
- 0.9%
- Employees
- 23
- Payroll cost/emp./mo*
- 2,526€
- 47Merit Montenegro03075958 · PodgoricaRevenue share0.3%
- Revenue
- 2,121,313€
- Revenue change 2024→2025
- -83.1%
- Profit
- -422,019€
- Margin
- -19.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 2,734€
- 48Weblab03007448 · BarRevenue share0.3%
- Revenue
- 2,120,853€
- Revenue change 2024→2025
- +14.6%
- Profit
- 124,108€
- Margin
- 5.9%
- Employees
- 31
- Payroll cost/emp./mo*
- 764€
- 49Timing02684543 · DanilovgradRevenue share0.3%
- Revenue
- 2,114,971€
- Revenue change 2024→2025
- -43.5%
- Profit
- 88,159€
- Margin
- 4.2%
- Employees
- 33
- Payroll cost/emp./mo*
- 1,588€
- 50Zarubica Company02264862 · NikšićRevenue share0.3%
- Revenue
- 2,114,393€
- Revenue change 2024→2025
- +8.9%
- Profit
- 67,493€
- Margin
- 3.2%
- Employees
- 23
- Payroll cost/emp./mo*
- 794€
* 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 383 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
Professional services companies in Montenegro ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR