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 151–200 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* |
|---|
| 151 | Vet Medica02781484 · Budva | 0.1% | 936,043€ | +5.4% | 148,980€ | 15.9% | 15 | 811€ |
| 152 | Novo Nordisk Pharma Operations A/S, Danska - Predstavništvo Crna Gora, Podgorica02872129 · Podgorica | 0.1% | 932,752€ | +52.0% | 36,073€ | 3.9% | 5 | 7,569€ |
| 153 | DC Light Systems03109402 · Podgorica | 0.1% | 931,826€ | +43.1% | 157,256€ | 16.9% | 5 | 1,580€ |
| 154 | Alkaloid02738287 · Podgorica | 0.1% | 925,422€ | -1.5% | 14,291€ | 1.5% | 13 | 2,267€ |
| 155 | DHM Projekt03446794 · Bar | 0.1% | 921,378€ | +34.6% | 569,162€ | 61.8% | 10 | 1,640€ |
| 156 | Enforma02622157 · Kotor | 0.1% | 919,630€ | +74.9% | 122,648€ | 13.3% | 13 | 1,575€ |
| 157 | Geotehnika Montenegro02704404 · Nikšić | 0.1% | 906,928€ | +50.8% | 164,757€ | 18.2% | 13 | 1,412€ |
| 158 | V Media03303900 · Podgorica | 0.1% | 903,653€ | +183.3% | 117,820€ | 13.0% | 7 | 840€ |
| 159 | Regius02963604 · Podgorica | 0.1% | 898,455€ | +102.8% | 92,714€ | 10.3% | 2 | 2,515€ |
| 160 | GYM Car Team03315738 · Nikšić | 0.1% | 873,010€ | +13.9% | 40,513€ | 4.6% | 6 | 915€ |
| 161 | Društvo za Reviziju Bdo02828235 · Podgorica | 0.1% | 860,104€ | +21.5% | 220,324€ | 25.6% | 22 | 1,889€ |
| 162 | Hiperion02908417 · Nikšić | 0.1% | 858,915€ | +36.1% | 222,434€ | 25.9% | 14 | 1,451€ |
| 163 | MG - Pro Tech02398303 · Nikšić | 0.1% | 855,317€ | +4.8% | 1,030€ | 0.1% | 9 | 555€ |
| 164 | Pera Consultancy03255280 · Podgorica | 0.1% | 851,858€ | +1,203.4% | 665,418€ | 78.1% | 1 | 926€ |
| 165 | Montinspekt02250730 · Podgorica | 0.1% | 846,577€ | +11.8% | 388,901€ | 45.9% | 14 | 1,541€ |
| 166 | Mont-Imprex02212501 · Podgorica | 0.1% | 844,720€ | -24.8% | 34,983€ | 4.1% | 13 | 1,421€ |
| 167 | Q-Tek03016269 · Bar | 0.1% | 844,679€ | -44.5% | 110,996€ | 13.1% | 8 | 1,357€ |
| 168 | Viamont03110281 · Kolašin | 0.1% | 844,521€ | +91.4% | 15,730€ | 1.9% | 9 | 1,011€ |
| 169 | Capital Car02958112 · Podgorica | 0.1% | 826,959€ | +29.7% | 5,076€ | 0.6% | 26 | 1,129€ |
| 170 | A12 Project03157504 · Podgorica | 0.1% | 822,385€ | -24.4% | 284,525€ | 34.6% | 13 | 1,466€ |
| 171 | Daa Montenegro02764318 · Podgorica | 0.1% | 813,611€ | +33.7% | 76,048€ | 9.3% | 12 | 1,349€ |
| 172 | Komatina03253899 · Podgorica | 0.1% | 812,654€ | -63.0% | 85,411€ | 10.5% | 4 | 1,160€ |
| 173 | Agencija za Projektovanje i Planiranje02668343 · Nikšić | 0.1% | 807,600€ | +502.9% | 52,111€ | 6.5% | 49 | 1,195€ |
| 174 | Finance Plus02845407 · Podgorica | 0.1% | 807,137€ | +1.3% | 74,902€ | 9.3% | 16 | 1,185€ |
| 175 | Philip Morris Montenegro02656647 · Podgorica | 0.1% | 805,722€ | +25.2% | 26,985€ | 3.3% | 4 | 4,345€ |
| 176 | Media Point03202356 · Podgorica | 0.1% | 803,574€ | -1.7% | 369€ | 0.0% | 6 | 1,134€ |
| 177 | Mikozi Trade & Consultancy03204286 · Podgorica | 0.1% | 796,235€ | +59.4% | 598,936€ | 75.2% | 1 | 5,364€ |
| 178 | Vacon03439372 · Podgorica | 0.1% | 794,598€ | +701.7% | 5,984€ | 0.8% | 3 | 1,560€ |
| 179 | Ju Zavod za Geološka Istraživanja Podgorica02011204 · Podgorica | 0.1% | 792,159€ | +0.6% | 730€ | 0.1% | 43 | 1,259€ |
| 180 | Ipsos02439832 · Podgorica | 0.1% | 787,358€ | -4.4% | 25,488€ | 3.2% | 5 | 1,489€ |
| 181 | Crowe Mne03152324 · Podgorica | 0.1% | 784,767€ | +21.4% | 32,331€ | 4.1% | 16 | 2,456€ |
| 182 | Restart Ing03260470 · Budva | 0.1% | 782,043€ | +100.9% | 116,351€ | 14.9% | 6 | 1,723€ |
| 183 | KGC03143309 · Tivat | 0.1% | 779,465€ | +54.0% | 295,434€ | 37.9% | 9 | 2,795€ |
| 184 | Hasvet03636704 · Podgorica | 0.1% | 774,461€ | +669.2% | 51,015€ | 6.6% | 7 | 5,827€ |
| 185 | K-Nine Performance03606759 · Podgorica | 0.1% | 773,850€ | +27,877.2% | 88,973€ | 11.5% | 1 | 53,372€ |
| 186 | Infracon03722970 · Nikšić | 0.1% | 773,688€ | No filing for 2024. | 46,980€ | 6.1% | 1 | 5,826€ |
| 187 | Građevinski Nadzor i Laboratorijska Ispitivanja02013746 · Podgorica | 0.1% | 769,959€ | -3.2% | 66,984€ | 8.7% | 19 | 2,135€ |
| 188 | Nra Atelier03118118 · Podgorica | 0.1% | 761,516€ | -24.4% | 91,105€ | 12.0% | 14 | 1,584€ |
| 189 | Kopring PMC02336600 · Podgorica | 0.1% | 758,960€ | +1.5% | 8,843€ | 1.2% | 9 | 1,769€ |
| 190 | KPMG02626837 · Podgorica | 0.1% | 757,424€ | +41.6% | 60,241€ | 8.0% | 11 | 3,209€ |
| 191 | Art Port03273636 · Bar | <0.1% | 752,844€ | +119,209.7% | 643,524€ | 85.5% | 1 | 922€ |
| 192 | Liming Projekt02753138 · Podgorica | <0.1% | 747,664€ | +54.4% | 126,510€ | 16.9% | 4 | 1,857€ |
| 193 | Femić Co02775255 · Bar | <0.1% | 746,338€ | -10.9% | 1,543€ | 0.2% | 17 | 1,015€ |
| 194 | Tekton Group02700506 · Podgorica | <0.1% | 745,122€ | +96.7% | 90,283€ | 12.1% | 2 | 1,131€ |
| 195 | Geotechnics,projects & Consulting02737990 · Podgorica | <0.1% | 745,084€ | -30.9% | 12,949€ | 1.7% | 14 | 851€ |
| 196 | Sipa02294729 · Podgorica | <0.1% | 743,512€ | -11.5% | 65,100€ | 8.8% | 3 | 1,650€ |
| 197 | Arhitektonski Atelje02290103 · Podgorica | <0.1% | 731,823€ | -14.6% | 96,415€ | 13.2% | 13 | 1,867€ |
| 198 | Montenergo02722984 · Nikšić | <0.1% | 729,231€ | +78.7% | 69,232€ | 9.5% | 4 | 1,877€ |
| 199 | Lojd Auto02870878 · Podgorica | <0.1% | 728,918€ | +1.9% | 44,916€ | 6.2% | 3 | 1,748€ |
| 200 | Montenegro Snowball03405842 · Podgorica | <0.1% | 728,533€ | +157.6% | 612,328€ | 84.0% | 1 | — |