Revenue
4.3% of Montenegro's revenue
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.
4.3% of Montenegro's revenue
3,148 with at most one employee
Largest employer: Net Montenegro (605)
Total profit: 73.05m€
Average per employee, not per company
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.
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 51–100 of 5,140
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Arch and Soul03076032 · Bijelo Polje | 0.3% | 2,098,523€ | -19.4% | 381,370€ | 18.2% | 6 | 1,727€ |
| 52 | Geotin Mne03179320 · Podgorica | 0.3% | 2,076,445€ | +59.3% | 44,049€ | 2.1% | 22 | 1,640€ |
| 53 | Elkon02705001 · Podgorica | 0.3% | 2,057,644€ | +62.1% | 227,374€ | 11.1% | 24 | 1,600€ |
| 54 | Universal Engineering03462269 · Podgorica | 0.3% | 2,027,109€ | +16.8% | 72,677€ | 3.6% | 3 | 2,441€ |
| 55 | Staninženjering02445956 · Herceg Novi | 0.3% | 1,978,201€ | +32.1% | 541,051€ | 27.4% | 9 | 726€ |
| 56 | DPC02731525 · Podgorica | 0.3% | 1,944,057€ | -2.6% | 116,845€ | 6.0% | 7 | 1,123€ |
| 57 | Ecosfera Savjetovanje03513262 · Herceg Novi | 0.3% | 1,893,488€ | +152.6% | 958,023€ | 50.6% | 1 | 1,045€ |
| 58 | Digital Edge Me03320677 · Tuzi | 0.2% | 1,884,555€ | +17.0% | 121,091€ | 6.4% | 7 | 2,107€ |
| 59 | Adria Management Services02883252 · Podgorica | 0.2% | 1,880,129€ | +57.0% | 17,018€ | 0.9% | 2 | 6,737€ |
| 60 | CSP02876752 · Podgorica | 0.2% | 1,870,930€ | +24.3% | 199,285€ | 10.7% | 67 | 1,644€ |
| 61 | The Headhunter Montenegro02967880 · Podgorica | 0.2% | 1,856,383€ | +28.4% | -130,812€ | -7.0% | 24 | 4,938€ |
| 62 | Skorohod03427943 · Bar | 0.2% | 1,755,462€ | +1,115.8% | 4,200€ | 0.2% | 1 | 677€ |
| 63 | Tehnopolis03009645 · Nikšić | 0.2% | 1,738,157€ | +38.9% | 465,299€ | 26.8% | 29 | 1,676€ |
| 64 | Centar za Građansko Obrazovanje02358832 · Podgorica | 0.2% | 1,696,331€ | +35.4% | 0€ | 0.0% | 20 | 2,330€ |
| 65 | Iberostar Montenegro03181472 · Herceg Novi | 0.2% | 1,688,269€ | -1.8% | 404,653€ | 24.0% | 5 | 3,489€ |
| 66 | Institut za Crnu Metalurgiju02040760 · Nikšić | 0.2% | 1,656,524€ | +6.2% | 317,447€ | 19.2% | 50 | 1,413€ |
| 67 | Jaz Express02414651 · Budva | 0.2% | 1,645,779€ | -21.9% | 72,611€ | 4.4% | 26 | 937€ |
| 68 | CMC Group02046091 · Herceg Novi | 0.2% | 1,617,392€ | -50.6% | 36,452€ | 2.3% | 17 | 1,943€ |
| 69 | Sienersys02764466 · Podgorica | 0.2% | 1,611,608€ | -3.2% | 87,695€ | 5.4% | 17 | 1,878€ |
| 70 | Prelević02420627 · Podgorica | 0.2% | 1,593,097€ | +51.5% | 535,482€ | 33.6% | 12 | 2,241€ |
| 71 | Pricewaterhousecoopers02656337 · Podgorica | 0.2% | 1,575,950€ | +12.4% | 106,328€ | 6.7% | 20 | 2,461€ |
| 72 | Agencija za Izgradnju i Razvoj Podgorice02397579 · Podgorica | 0.2% | 1,556,673€ | +15.9% | 31,324€ | 2.0% | 52 | 2,080€ |
| 73 | United Construction03363465 · Bijelo Polje | 0.2% | 1,545,488€ | +7.5% | 39,384€ | 2.5% | 6 | 3,333€ |
| 74 | Al.Chemical03357899 · Podgorica | 0.2% | 1,525,386€ | -22.8% | 57,019€ | 3.7% | 1 | 678€ |
| 75 | Arhibiro03081354 · Budva | 0.2% | 1,515,798€ | +441.9% | 132,810€ | 8.8% | 7 | 1,128€ |
| 76 | Noblewood Group03443833 · Tivat | 0.2% | 1,509,811€ | +9.4% | 72,056€ | 4.8% | 1 | 17,467€ |
| 77 | MBT Concept03086879 · Podgorica | 0.2% | 1,442,435€ | +1,439.3% | 137,056€ | 9.5% | 6 | 4,219€ |
| 78 | Infrastruktura02623684 · Podgorica | 0.2% | 1,426,356€ | +25.8% | 160,736€ | 11.3% | 12 | 2,538€ |
| 79 | Qair Montenegro03412857 · Podgorica | 0.2% | 1,423,928€ | +221.4% | -348,098€ | -24.4% | 5 | 3,288€ |
| 80 | Nik Com02369621 · Nikšić | 0.2% | 1,410,811€ | +81.4% | 225,387€ | 16.0% | 20 | 1,803€ |
| 81 | MLC International Mne02957833 · Herceg Novi | 0.2% | 1,396,501€ | -31.8% | -352,377€ | -25.2% | 5 | 2,185€ |
| 82 | Flowmax03562581 · Podgorica | 0.2% | 1,373,814€ | +2,884.1% | 439,502€ | 32.0% | 2 | 10,290€ |
| 83 | Dimix Montenegro02952041 · Herceg Novi | 0.2% | 1,371,572€ | +77.5% | 47,184€ | 3.4% | 6 | 1,984€ |
| 84 | Konstruktivno Građevinski Biro02982587 · Podgorica | 0.2% | 1,367,071€ | +61.2% | 9,988€ | 0.7% | 9 | 1,467€ |
| 85 | Tangenta02136406 · Nikšić | 0.2% | 1,359,720€ | +8.1% | 109,343€ | 8.0% | 5 | 1,848€ |
| 86 | Moncore03301192 · Podgorica | 0.2% | 1,355,316€ | -5.9% | 77,306€ | 5.7% | 21 | 2,302€ |
| 87 | BD Corporate Services03515435 · Podgorica | 0.2% | 1,350,267€ | +114.5% | 481,516€ | 35.7% | 7 | 6,652€ |
| 88 | Cema02931141 · Podgorica | 0.2% | 1,337,932€ | +31.0% | 381,265€ | 28.5% | 14 | 1,262€ |
| 89 | Loreana Design02726858 · Podgorica | 0.2% | 1,315,319€ | +63.0% | 107,877€ | 8.2% | 7 | 2,219€ |
| 90 | Evropa Lek Pharma02773945 · Podgorica | 0.2% | 1,314,854€ | -11.3% | 159,122€ | 12.1% | 11 | 3,059€ |
| 91 | Forma Engineering03391647 · Podgorica | 0.2% | 1,307,242€ | -19.3% | 5,452€ | 0.4% | 6 | 2,894€ |
| 92 | Ding02867079 · Podgorica | 0.2% | 1,286,078€ | +359.0% | 61,993€ | 4.8% | 10 | 2,198€ |
| 93 | Bnmusic03448690 · Bar | 0.2% | 1,265,395€ | +104.5% | 24,661€ | 1.9% | 2 | 3,396€ |
| 94 | Damis02166445 · Podgorica | 0.2% | 1,263,525€ | +208.4% | 13,519€ | 1.1% | 8 | 739€ |
| 95 | Hoffmann - La Roche LTD02639408 · Podgorica | 0.2% | 1,249,920€ | +14.9% | -42,683€ | -3.4% | 7 | 6,366€ |
| 96 | Skill Inženjering02347342 · Podgorica | 0.2% | 1,240,706€ | +39.6% | 25,641€ | 2.1% | 8 | 1,517€ |
| 97 | Nova Energija02162326 · Podgorica | 0.2% | 1,234,752€ | +20.8% | 186,862€ | 15.1% | 2 | 2,863€ |
| 98 | Animavet02364573 · Podgorica | 0.2% | 1,222,587€ | +7.4% | 114,482€ | 9.4% | 10 | 1,247€ |
| 99 | Capital Group02920115 · Podgorica | 0.2% | 1,219,407€ | +32.0% | 216,859€ | 17.8% | 35 | 1,094€ |
| 100 | MD Project Biro02739461 · Podgorica | 0.2% | 1,212,340€ | -32.5% | 196,985€ | 16.2% | 7 | 2,782€ |