Revenue
2.3% of sector revenue
137 companies earned 175.14m€ in 2025, 2.3% of Trade sector revenue. Revenue has grown 3.1× since 2015.
2.3% of sector revenue
83 with at most one employee
Largest employer: Stadion (224)
Median company 2.9% · 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 1–50 of 137
* 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 1 sole proprietor: 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 | 56,662,351€ | 66 |
| 2016 | 62,796,968€ | 72 |
| 2017 | 72,749,307€ | 77 |
| 2018 | 72,354,393€ | 101 |
| 2019 | 81,178,388€ | 101 |
| 2020 | 76,511,258€ | 113 |
| 2021 | 83,390,242€ | 114 |
| 2022 | 137,929,097€ | 126 |
| 2023 | 163,238,815€ | 145 |
| 2024 | 168,599,136€ | 151 |
| 2025 (Preliminary) | 175,139,407€ | 137 |
The number of companies jumped most in 2018: from 77 to 101.
9.0% |
| 15,799,100€ |
| +0.0% |
| 918,759€ |
| 5.8% |
| 111 |
| 1,303€ |
| 3 | Kidzone03267652 · Podgorica | 7.7% | 13,521,261€ | +12.6% | 2,571,285€ | 19.0% | 102 | 1,420€ |
| 4 | Samms02196727 · Podgorica | 5.9% | 10,367,610€ | +5.6% | 1,551,296€ | 15.0% | 79 | 1,311€ |
| 5 | Elko Tim02128632 · Podgorica | 5.7% | 10,059,129€ | +15.3% | 426,938€ | 4.2% | 62 | 1,862€ |
| 6 | Eagle LTD. CO. Montenegro03394867 · Podgorica | 5.6% | 9,828,989€ | +1,629.9% | -227,238€ | -2.3% | 5 | 2,237€ |
| 7 | Vira03416291 · Budva | 3.6% | 6,230,346€ | -60.4% | 576,605€ | 9.3% | 3 | 825€ |
| 8 | Eminent02088398 · Podgorica | 3.5% | 6,167,074€ | -9.8% | 295,365€ | 4.8% | 20 | 2,540€ |
| 9 | 7. Avgust02109131 · Podgorica | 3.2% | 5,644,701€ | +1.4% | 502,896€ | 8.9% | 50 | 1,087€ |
| 10 | Pontera Pharma Solutions03141284 · Podgorica | 2.6% | 4,638,042€ | +23.8% | 272,772€ | 5.9% | 20 | 2,073€ |
| 11 | Electro Group03078477 · Podgorica | 2.2% | 3,915,344€ | -4.2% | 718,268€ | 18.3% | 23 | 1,258€ |
| 12 | Independent DSF Group Ag03018148 · Podgorica | 1.5% | 2,552,212€ | +18.4% | 86,884€ | 3.4% | 3 | 1,587€ |
| 13 | Icecom02411229 · Podgorica | 1.3% | 2,329,183€ | +13.6% | 32,294€ | 1.4% | 17 | 1,660€ |
| 14 | Krog Plus03320065 · Herceg Novi | 1.2% | 2,139,815€ | -10.6% | 149,327€ | 7.0% | 1 | 1,475€ |
| 15 | Trgotehna02075695 · Nikšić | 0.7% | 1,281,477€ | +11.6% | 73,087€ | 5.7% | 13 | 940€ |
| 16 | Elektro Element MN03231356 · Podgorica | 0.6% | 1,021,588€ | +0.6% | 82,938€ | 8.1% | 7 | 954€ |
| 17 | Panettino03242188 · Podgorica | 0.6% | 1,017,043€ | +54.2% | 112,606€ | 11.1% | 6 | 1,856€ |
| 18 | Miogel02976145 · Podgorica | 0.5% | 943,537€ | +23.4% | 102,267€ | 10.8% | 4 | 1,316€ |
| 19 | Ferro Budva03216128 · Budva | 0.5% | 927,202€ | -7.6% | 59,379€ | 6.4% | 1 | 1,313€ |
| 20 | Lobo Azul03196844 · Podgorica | 0.5% | 902,227€ | -0.7% | 46,684€ | 5.2% | 4 | — |
| 21 | Simplicity03677320 · Podgorica | 0.5% | 809,043€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,777€ | -2.8% | 1 | 2,740€ |
| 22 | Elmark Montenegro02721821 · Nikšić | 0.3% | 593,979€ | +21.3% | 55,609€ | 9.4% | 4 | 1,096€ |
| 23 | Vami02132524 · Podgorica | 0.2% | 414,599€ | +19.5% | 123,921€ | 29.9% | 6 | 648€ |
| 24 | Bi Trade Montenegro03344061 · Podgorica | 0.2% | 414,398€ | -13.7% | -23,089€ | -5.6% | 5 | 750€ |
| 25 | Orkacg03173844 · Podgorica | 0.2% | 360,252€ | +2.3% | 5,180€ | 1.4% | 1 | 2,470€ |
| 26 | Mobex Plus03578763 · Podgorica | 0.2% | 330,373€ | +92.3% | -36,419€ | -11.0% | 1 | — |
| 27 | Ogma02257840 · Podgorica | 0.2% | 316,953€ | -2.2% | 2,821€ | 0.9% | 9 | 826€ |
| 28 | Concierge Team03444805 · Herceg Novi | 0.2% | 280,557€ | +453.8% | 22,786€ | 8.1% | 1 | 4,788€ |
| 29 | Quick Time02844478 · Podgorica | 0.1% | 251,836€ | +0.9% | 1,828€ | 0.7% | 1 | 754€ |
| 30 | DR Net03409341 · Podgorica | 0.1% | 245,809€ | +109.6% | 13,498€ | 5.5% | 2 | 2,105€ |
| 31 | Vamar02860562 · Podgorica | 0.1% | 239,638€ | +860.6% | 71,999€ | 30.0% | 1 | 992€ |
| 32 | Unagi03429245 · Podgorica | 0.1% | 212,957€ | +244.6% | -8,207€ | -3.9% | 1 | 2,990€ |
| 33 | Menu+03260313 · Budva | 0.1% | 190,964€ | -2.9% | 2,491€ | 1.3% | 1 | 470€ |
| 34 | Ga Services03181278 · Bar | 0.1% | 184,942€ | +6.9% | 44,113€ | 23.9% | 1 | 10,139€ |
| 35 | Fidens02986710 · Podgorica | 0.1% | 182,051€ | +238.3% | 22,170€ | 12.2% | 1 | 675€ |
| 36 | W Solutions03593657 · Podgorica | <0.1% | 174,668€ | -9.3% | 113,610€ | 65.0% | 1 | 2,623€ |
| 37 | Yellow Duck03746089 · Podgorica | <0.1% | 160,026€ | No filing for 2024. | 26,964€ | 16.8% | 1 | 985€ |
| 38 | Balkan Centar03382222 · Budva | <0.1% | 149,769€ | -58.3% | 39,256€ | 26.2% | 2 | 462€ |
| 39 | Lighting Agency03095606 · Herceg Novi | <0.1% | 146,297€ | -26.4% | 84,499€ | 57.8% | 1 | 1,353€ |
| 40 | Pro Studio Ssa03115500 · Bijelo Polje | <0.1% | 124,063€ | +9.5% | 5,044€ | 4.1% | 1 | 2,821€ |
| 41 | Junior K.M.Connect02722160 · Podgorica | <0.1% | 114,099€ | -5.4% | 239€ | 0.2% | 4 | 806€ |
| 42 | Lunin02823586 · Tivat | <0.1% | 92,428€ | +6.8% | 35,265€ | 38.2% | 1 | 788€ |
| 43 | BV Connect03634027 · Bar | <0.1% | 88,138€ | +46.8% | 3,510€ | 4.0% | 1 | 5,279€ |
| 44 | Bura Montenegro03586316 · Podgorica | <0.1% | 79,686€ | +51.0% | 4,734€ | 5.9% | 2 | 759€ |
| 45 | Premium Food Consulting 6503437809 · Herceg Novi | <0.1% | 75,671€ | +57.3% | 17,709€ | 23.4% | 1 | 4,553€ |
| 46 | GGG03710408 · Podgorica | <0.1% | 73,524€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,417€ | -14.2% | 2 | 437€ |
| 47 | Nova Mapa Crne Gore03291723 · Podgorica | <0.1% | 59,646€ | +0.8% | 9,873€ | 16.6% | 1 | 1,655€ |
| 48 | PMS Plastic Montenegro Solutions03051463 · Tivat | <0.1% | 58,444€ | +5.4% | -898€ | -1.5% | 1 | 1,542€ |
| 49 | Latus02257246 · Podgorica | <0.1% | 55,817€ | -21.3% | 1,236€ | 2.2% | 1 | 738€ |
| 50 | Bord M02618052 · Podgorica | <0.1% | 55,403€ | +30.2% | 37,174€ | 67.1% | 1 | 1,076€ |