Revenue
19.2% of sector revenue
902 companies earned 123.22m€ in 2025, 19.2% of Technology sector revenue. Revenue has grown 5.7× since 2015.
19.2% of sector revenue
646 with at most one employee
Largest employer: Epam Systems Montenegro (234)
Median company 3.1% · 44% profitable
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 51–100 of 902
* 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 25 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
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 | 21,432,513€ | 102 |
| 2016 | 23,981,551€ | 124 |
| 2017 | 24,175,954€ | 135 |
| 2018 | 29,013,136€ | 150 |
| 2019 | 34,126,406€ | 186 |
| 2020 | 39,345,455€ | 224 |
| 2021 | 44,225,942€ | 321 |
| 2022 | 83,800,507€ | 618 |
| 2023 | 115,241,171€ | 793 |
| 2024 | 123,696,636€ | 854 |
| 2025 (Preliminary) | 123,221,357€ | 902 |
The number of companies jumped most in 2022: from 321 to 618.
Employees and payroll cost per employee per month*
0.4% |
| 434,163€ |
| +16.9% |
| 3,682€ |
| 0.8% |
| 9 |
| 3,746€ |
| 53 | Digital Control03084434 · Podgorica | 0.3% | 420,863€ | +4.6% | 5,990€ | 1.4% | 13 | 1,829€ |
| 54 | Bixbit03209296 · Bijelo Polje | 0.3% | 417,309€ | +35.5% | 26,375€ | 6.3% | 15 | 1,625€ |
| 55 | Prime Zone03104478 · Podgorica | 0.3% | 404,113€ | +41.1% | 3,759€ | 0.9% | 5 | 1,971€ |
| 56 | Liraland03242927 · Podgorica | 0.3% | 398,625€ | -30.2% | 69,883€ | 17.5% | 1 | 2,265€ |
| 57 | Five Sigma03532313 · Tivat | 0.3% | 396,528€ | -24.6% | 10,876€ | 2.7% | 1 | 927€ |
| 58 | Web Studio Ads03380670 · Podgorica | 0.3% | 395,465€ | +2.6% | 191,788€ | 48.5% | 2 | 997€ |
| 59 | Ollie Tech03554759 · Podgorica | 0.3% | 393,816€ | +9.0% | 70,195€ | 17.8% | 5 | 3,471€ |
| 60 | Teamwork03292894 · Nikšić | 0.3% | 391,368€ | +67.7% | 25,685€ | 6.6% | 3 | 866€ |
| 61 | Epsilon02077060 · Podgorica | 0.3% | 386,185€ | +4.9% | 261,790€ | 67.8% | 2 | 1,930€ |
| 62 | Simple MM03274233 · Bijelo Polje | 0.3% | 373,312€ | -63.8% | -117,990€ | -31.6% | 8 | 1,784€ |
| 63 | Codepixel03200116 · Podgorica | 0.3% | 358,940€ | -16.8% | -21,392€ | -6.0% | 15 | 1,561€ |
| 64 | E.C.S.02390710 · Podgorica | 0.3% | 356,792€ | -10.1% | 9,458€ | 2.7% | 9 | 1,481€ |
| 65 | Oblak.Me03163822 · Danilovgrad | 0.3% | 342,693€ | +132.7% | 132,037€ | 38.5% | 3 | 3,463€ |
| 66 | Eclept03723941 · Podgorica | 0.3% | 331,378€ | No filing for 2024. | 117,588€ | 35.5% | 2 | 1,102€ |
| 67 | Gamblio03683923 · Podgorica | 0.3% | 324,371€ | +2,948,727.3% | -100,389€ | -30.9% | 9 | 3,146€ |
| 68 | Native Teams03455483 · Podgorica | 0.3% | 320,900€ | +42.0% | -52,090€ | -16.2% | 17 | 1,759€ |
| 69 | Navira It Solutions03090175 · Podgorica | 0.3% | 312,827€ | +30.9% | 24,577€ | 7.9% | 5 | 4,295€ |
| 70 | Rubik03000214 · Nikšić | 0.3% | 309,346€ | -3.7% | 34,218€ | 11.1% | 9 | 971€ |
| 71 | Invictus Technology Group03330117 · Podgorica | 0.2% | 301,488€ | -41.8% | 64,113€ | 21.3% | 1 | 1,967€ |
| 72 | Anasaea03504409 · Tivat | 0.2% | 299,619€ | -60.5% | 70,730€ | 23.6% | 7 | 2,616€ |
| 73 | E-Lavirint02706563 · Podgorica | 0.2% | 293,075€ | -23.8% | 6,323€ | 2.2% | 1 | 16,574€ |
| 74 | 3hills03401502 · Podgorica | 0.2% | 291,736€ | +260.5% | 1,299€ | 0.4% | 9 | 2,310€ |
| 75 | Sonets Studio03467899 · Tivat | 0.2% | 290,730€ | -27.6% | -10,596€ | -3.6% | 5 | 2,529€ |
| 76 | Winsoft02246244 · Podgorica | 0.2% | 286,239€ | +5.0% | 18,120€ | 6.3% | 8 | 1,495€ |
| 77 | Hedgesoft03635678 · Rožaje | 0.2% | 280,586€ | +387.6% | 192,792€ | 68.7% | 3 | 2,354€ |
| 78 | MSP Design03496333 · Ulcinj | 0.2% | 279,056€ | +65.5% | 97,225€ | 34.8% | 1 | 14,944€ |
| 79 | Artec 3D Adriatica03413381 · Bar | 0.2% | 277,153€ | -82.2% | 16,635€ | 6.0% | 9 | 1,354€ |
| 80 | FSTR03424804 · Podgorica | 0.2% | 262,813€ | -70.3% | -97,864€ | -37.2% | 12 | 1,348€ |
| 81 | Final Find03408124 · Podgorica | 0.2% | 260,000€ | +2,756.5% | 129,130€ | 49.7% | 1 | 943€ |
| 82 | MM Hub03226433 · Podgorica | 0.2% | 254,232€ | -3.3% | 18,058€ | 7.1% | 3 | 2,199€ |
| 83 | Sektor Montenegro03282686 · Podgorica | 0.2% | 250,507€ | +12.3% | 37,384€ | 14.9% | 3 | 2,746€ |
| 84 | Taplika03415368 · Herceg Novi | 0.2% | 248,099€ | +3.9% | 64,485€ | 26.0% | 1 | 678€ |
| 85 | Andrex Code03632792 · Nikšić | 0.2% | 244,726€ | +66.0% | 56,022€ | 22.9% | 6 | 2,209€ |
| 86 | Softing02849658 · Nikšić | 0.2% | 239,940€ | +22.3% | 5,436€ | 2.3% | 3 | 2,061€ |
| 87 | Citrus Codes03480950 · Podgorica | 0.2% | 235,219€ | -7.7% | -16,387€ | -7.0% | 12 | 1,407€ |
| 88 | Red Beetle Security03298612 · Podgorica | 0.2% | 230,381€ | -1.2% | 161,758€ | 70.2% | 2 | 1,381€ |
| 89 | Ayox03797252 · Podgorica | 0.2% | 229,008€ | No filing for 2024. | -336€ | -0.1% | 3 | 730€ |
| 90 | Goldbear Technologies03367053 · Podgorica | 0.2% | 228,235€ | +7.2% | 30,331€ | 13.3% | 9 | 1,254€ |
| 91 | Oykos Development03292053 · Podgorica | 0.2% | 222,056€ | +9.7% | 44,267€ | 19.9% | 6 | 1,261€ |
| 92 | Nitech03204308 · Podgorica | 0.2% | 220,997€ | -12.9% | 28,478€ | 12.9% | 1 | 1,781€ |
| 93 | Wind02794292 · Podgorica | 0.2% | 219,795€ | -5.5% | 1,089€ | 0.5% | 6 | 1,587€ |
| 94 | GPS Solutions03267474 · Podgorica | 0.2% | 218,638€ | +26.7% | 38,496€ | 17.6% | 3 | 2,704€ |
| 95 | Hermetis02947021 · Podgorica | 0.2% | 216,066€ | +61.9% | 57,673€ | 26.7% | 1 | 9,757€ |
| 96 | Atsimulations03439453 · Herceg Novi | 0.2% | 210,947€ | +71.0% | 84,473€ | 40.0% | 1 | 1,189€ |
| 97 | MDHM Team03392503 · Berane | 0.2% | 207,990€ | +96.6% | 59,180€ | 28.5% | 6 | 1,639€ |
| 98 | Ab - Service03636160 · Budva | 0.2% | 191,973€ | +44.2% | 2,187€ | 1.1% | 1 | 932€ |
| 99 | Datrys03152537 · Herceg Novi | 0.1% | 184,581€ | +32.6% | 15,268€ | 8.3% | 4 | 1,245€ |
| 100 | Torneto03436110 · Podgorica | 0.1% | 183,775€ | +148.7% | 20,376€ | 11.1% | 1 | 922€ |