Revenue
15.9% of sector revenue
53 companies earned 101.78m€ in 2025, 15.9% of Technology sector revenue.
15.9% of sector revenue
22 with at most one employee
Largest employer: One Crna Gora (384)
Not shown: one company carries more than half of the profit or loss
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
Ranked by total revenue · Showing 1–50 of 53
* 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 →
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
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 | 90,245,557€ | 45 |
| 2016 | 93,105,290€ | 41 |
| 2017 | 92,670,983€ | 44 |
| 2018 | 88,014,070€ | 43 |
| 2019 | 80,994,583€ | 48 |
| 2020 | 72,913,785€ | 52 |
| 2021 | 77,366,632€ | 51 |
| 2022 | 82,953,559€ | 56 |
| 2023 | 91,100,138€ | 57 |
| 2024 | 97,349,049€ | 57 |
| 2025 (Preliminary) | 101,777,650€ | 53 |
Employees and payroll cost per employee per month*
8.5% |
| 8,653,212€ |
| +0.6% |
| 249,370€ |
| 2.9% |
| 122 |
| 2,208€ |
| 3 | Radio - Difuzni Centar02394294 · Podgorica | 5.7% | 5,851,746€ | +2.4% | 45,134€ | 0.8% | 107 | 1,857€ |
| 4 | Agencija za Elektronske Komunikacije i Poštansku Djelatnost - Podgorica02326710 · Podgorica | 5.7% | 5,840,878€ | +14.1% | 923,492€ | 15.8% | 77 | 3,452€ |
| 5 | Network Communication02390663 · Tivat | 2.4% | 2,424,333€ | +46.1% | 267,118€ | 11.0% | 30 | 1,031€ |
| 6 | E - Mon02420414 · Podgorica | 1.5% | 1,480,868€ | -4.6% | 349,653€ | 23.6% | 6 | 3,075€ |
| 7 | Satvision03040313 · Podgorica | 1.4% | 1,468,364€ | +29.0% | 309,390€ | 21.1% | 21 | 1,689€ |
| 8 | Agencija za Audiovizuelne Medijske Usluge02386135 · Podgorica | 1.4% | 1,392,544€ | +2.8% | 180,824€ | 13.0% | 30 | 2,171€ |
| 9 | Boka - Trans02930102 · Podgorica | 0.8% | 793,662€ | +11.9% | 121,404€ | 15.3% | 26 | 1,339€ |
| 10 | Bujošević02441411 · Podgorica | 0.7% | 679,723€ | +38.9% | 268,859€ | 39.6% | 11 | 1,260€ |
| 11 | L-Nets03258009 · Podgorica | 0.4% | 361,747€ | +22.6% | -31,000€ | -8.6% | 5 | 3,210€ |
| 12 | MDS Network03080277 · Tuzi | 0.3% | 298,813€ | +183.2% | 123,883€ | 41.5% | 5 | 912€ |
| 13 | Sat-Trakt02443686 · Podgorica | 0.3% | 275,413€ | -19.7% | 23,603€ | 8.6% | 13 | 1,182€ |
| 14 | Ruskaja Rech03258505 · Herceg Novi | 0.2% | 243,976€ | -19.0% | 74,042€ | 30.3% | 5 | 1,635€ |
| 15 | 3G Proxy03132609 · Podgorica | 0.2% | 214,876€ | -7.1% | 9,287€ | 4.3% | 1 | 7,818€ |
| 16 | JR03705935 · Podgorica | 0.2% | 179,058€ | +1,169.2% | 63,355€ | 35.4% | 4 | 1,719€ |
| 17 | Hemera Tech02699052 · Podgorica | 0.1% | 144,030€ | +31.8% | 2,045€ | 1.4% | 2 | 2,520€ |
| 18 | Asp Co02904683 · Herceg Novi | 0.1% | 143,944€ | -11.3% | -729€ | -0.5% | 3 | 559€ |
| 19 | Dial Mne03281876 · Podgorica | 0.1% | 140,042€ | +118.2% | -9,622€ | -6.9% | 1 | 902€ |
| 20 | Bubamaraonline03745449 · Herceg Novi | 0.1% | 138,911€ | No filing for 2024. | 38,534€ | 27.7% | 3 | 2,235€ |
| 21 | Lona Trade02752646 · Ulcinj | 0.1% | 138,857€ | +7.7% | 46,158€ | 33.2% | 3 | 675€ |
| 22 | Tele Go03127427 · Podgorica | 0.1% | 103,450€ | +97.6% | 530€ | 0.5% | 1 | — |
| 23 | BCL Holding Ag03640949 · Herceg Novi | 0.1% | 102,553€ | +1,165.8% | -42,718€ | -41.7% | 0 | — |
| 24 | Digital Brain03315061 · Danilovgrad | <0.1% | 101,766€ | +5.7% | 876€ | 0.9% | 4 | 834€ |
| 25 | Fiber Engineering03434362 · Podgorica | <0.1% | 97,510€ | +27.8% | -13,703€ | -14.1% | 5 | 1,460€ |
| 26 | Monte International Telecom03482332 · Podgorica | <0.1% | 96,000€ | +12.9% | 14,511€ | 15.1% | 7 | 758€ |
| 27 | Logosky03437779 · Herceg Novi | <0.1% | 93,039€ | -20.9% | -15€ | -0.0% | 3 | 1,796€ |
| 28 | Ipmont02792265 · Podgorica | <0.1% | 91,540€ | -23.7% | 20,170€ | 22.0% | 2 | 1,231€ |
| 29 | Sysdevel03058654 · Podgorica | <0.1% | 84,270€ | -51.0% | -36,824€ | -43.7% | 1 | 781€ |
| 30 | Rech Kabinet03415031 · Herceg Novi | <0.1% | 81,734€ | -17.7% | 40,906€ | 50.0% | 2 | 1,242€ |
| 31 | Montel Company Montenegro03314316 · Bar | <0.1% | 51,854€ | +25.5% | -14,331€ | -27.6% | 2 | 423€ |
| 32 | FM Electronic02734770 · Ulcinj | <0.1% | 46,936€ | +11.1% | 8,387€ | 17.9% | 2 | 457€ |
| 33 | Wimax Montenegro02749092 · Podgorica | <0.1% | 40,678€ | -15.6% | -74,673€ | -183.6% | 1 | 1,302€ |
| 34 | Zire02366622 · Podgorica | <0.1% | 29,615€ | +12.5% | 10,434€ | 35.2% | 1 | 337€ |
| 35 | Comtel02316536 · Podgorica | <0.1% | 28,776€ | -24.8% | -12,399€ | -43.1% | 3 | 500€ |
| 36 | Polaca03633802 · Podgorica | <0.1% | 27,400€ | +9.6% | -1,818€ | -6.6% | 1 | 2,381€ |
| 37 | Rula02682052 · Bar | <0.1% | 26,700€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,067€ | 67.7% | 1 | 678€ |
| 38 | Logopedmeta03547949 · Herceg Novi | <0.1% | 22,400€ | -51.6% | 5,696€ | 25.4% | 1 | 990€ |
| 39 | Fibercom03015068 · Podgorica | <0.1% | 15,517€ | +95.5% | -2,606€ | -16.8% | 1 | 339€ |
| 40 | Funny Lama02872048 · Herceg Novi | <0.1% | 15,000€ | 0.0% | 4,811€ | 32.1% | 1 | 678€ |
| 41 | Bum Tek02421089 · Podgorica | <0.1% | 11,340€ | -32.1% | 985€ | 8.7% | 1 | 675€ |
| 42 | Simes Net03264289 · Podgorica | <0.1% | 7,827€ | +78.2% | -7,835€ | -100.1% | 1 | 395€ |
| 43 | Ittara Solutions03326616 · Podgorica | <0.1% | 7,750€ | +27.7% | -1,585€ | -20.5% | 1 | 677€ |
| 44 | Najtel02346494 · Podgorica | <0.1% | 891€ | -78.4% | -8,958€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 45 | Batel02337355 · Podgorica | <0.1% | 870€ | -84.6% | -8,423€ | -968.2% | 1 | 674€ |
| 46 | BT Montenegro02662035 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 47 | Gozka03387348 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,296€ | — | 1 | 1,355€ |
| 48 | Kovtag03622126 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,109€ | — | 1 | 339€ |
| 49 | X Tech Montenegro03420272 · Podgorica | 0.0% | 0€ | -100.0% | -74,377€ | — | 5 | 864€ |
| 50 | Cattv02444160 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 337€ |