Revenue
0.3% of sector revenue
46 companies earned 19.69m€ in 2025, 0.3% of Trade sector revenue. Revenue has grown 2.7× since 2015.
0.3% of sector revenue
29 with at most one employee
Largest employer: Alfa Ton Lekić (36)
Median company 4.4% · 59% 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 1–46 of 46
* 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 →
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 | 7,218,095€ | 20 |
| 2016 | 8,314,693€ | 22 |
| 2017 | 8,347,559€ | 21 |
| 2018 | 7,998,283€ | 23 |
| 2019 | 9,343,930€ | 23 |
| 2020 | 9,405,725€ | 26 |
| 2021 | 10,758,497€ | 28 |
| 2022 | 12,678,945€ | 38 |
| 2023 | 15,336,715€ | 40 |
| 2024 | 17,328,564€ | 47 |
| 2025 (Preliminary) | 19,686,945€ | 46 |
The number of companies jumped most in 2022: from 28 to 38.
Employees and payroll cost per employee per month*
20.7% |
| 4,068,792€ |
| +53.2% |
| 172,700€ |
| 4.2% |
| 3 |
| 1,606€ |
| 3 | Vertigo Montenegro02351668 · Podgorica | 12.9% | 2,533,864€ | +18.9% | 219,790€ | 8.7% | 21 | 1,225€ |
| 4 | Alfa Ton Lekić02335867 · Podgorica | 12.9% | 2,532,868€ | +6.3% | 38,250€ | 1.5% | 36 | 1,222€ |
| 5 | ZZ Fortuna02875098 · Bar | 9.4% | 1,858,073€ | +11.9% | 198,425€ | 10.7% | 7 | 1,336€ |
| 6 | Ortus02098601 · Cetinje | 2.9% | 572,902€ | +8.1% | 26,924€ | 4.7% | 5 | 1,698€ |
| 7 | Farmasi Montenegro02995999 · Podgorica | 2.1% | 416,771€ | -16.9% | 18,769€ | 4.5% | 6 | 1,321€ |
| 8 | Hair Industry03268632 · Podgorica | 1.8% | 353,970€ | +4.7% | 48,264€ | 13.6% | 3 | 617€ |
| 9 | Demi Trade - Plus02351501 · Nikšić | 1.6% | 308,559€ | -28.2% | 4,828€ | 1.6% | 6 | 574€ |
| 10 | Kika Pharm03570088 · Podgorica | 1.1% | 213,014€ | +156.3% | 19,040€ | 8.9% | 1 | 1,130€ |
| 11 | Aleksandar 102924684 · Podgorica | 0.8% | 154,725€ | +106.3% | 115,798€ | 74.8% | 3 | 935€ |
| 12 | Sonas03349748 · Bar | 0.7% | 146,459€ | +7.6% | 2,626€ | 1.8% | 5 | 653€ |
| 13 | Aerton03280837 · Nikšić | 0.7% | 130,667€ | +6.4% | 2,840€ | 2.2% | 3 | 858€ |
| 14 | RSV Cosmetics03722864 · Podgorica | 0.5% | 105,746€ | No filing for 2024. | 23,961€ | 22.7% | 1 | 528€ |
| 15 | Livy Group03379574 · Ulcinj | 0.5% | 94,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 47,886€ | 50.7% | 1 | 498€ |
| 16 | Infini MM03593975 · Podgorica | 0.4% | 77,607€ | +6.4% | 1,659€ | 2.1% | 1 | 1,019€ |
| 17 | Medicopharm02380340 · Bijelo Polje | 0.4% | 77,521€ | -30.9% | -10,506€ | -13.6% | 2 | 1,461€ |
| 18 | Cai - Pan Montenegro02780887 · Budva | 0.2% | 42,538€ | -15.0% | 799€ | 1.9% | 1 | 691€ |
| 19 | Gratis Bar02850621 · Bar | 0.2% | 41,530€ | -11.5% | -4,902€ | -11.8% | 1 | 810€ |
| 20 | Mićunović M&S i Ortaci02340089 · Podgorica | 0.2% | 38,305€ | +36.2% | 2,447€ | 6.4% | 1 | 791€ |
| 21 | Zamm02651980 · Rožaje | 0.2% | 32,579€ | +54.8% | 12,862€ | 39.5% | 2 | 506€ |
| 22 | Eastern Supply03220877 · Herceg Novi | 0.1% | 23,326€ | -69.2% | 5,491€ | 23.5% | 1 | 685€ |
| 23 | Pharmacy Corner03636127 · Podgorica | 0.1% | 21,081€ | +18.9% | 0€ | 0.0% | 1 | — |
| 24 | GB Aestheticpharm03725260 · Danilovgrad | <0.1% | 18,165€ | No filing for 2024. | 1,210€ | 6.7% | 1 | — |
| 25 | Rimeda Group03621618 · Budva | <0.1% | 17,537€ | +189.3% | 4,115€ | 23.5% | 2 | 484€ |
| 26 | Spotlight Cosmetics03499669 · Podgorica | <0.1% | 16,497€ | +23.1% | 802€ | 4.9% | 1 | 509€ |
| 27 | All Clear Beauty03418375 · Podgorica | <0.1% | 16,304€ | +41.1% | 626€ | 3.8% | 1 | 339€ |
| 28 | Pop-Medtex03749169 · Podgorica | <0.1% | 15,038€ | No filing for 2024. | -3,500€ | -23.3% | 1 | 474€ |
| 29 | Bioguard02873281 · Podgorica | <0.1% | 13,335€ | -8.8% | 3,118€ | 23.4% | 1 | — |
| 30 | Trade Land 08103761428 · Podgorica | <0.1% | 11,513€ | No filing for 2024. | 688€ | 6.0% | 1 | — |
| 31 | Balex Com03093298 · Nikšić | <0.1% | 11,208€ | +19.8% | -2,100€ | -18.7% | 1 | 377€ |
| 32 | Master Shop03647030 · Podgorica | <0.1% | 9,205€ | +205.0% | -359€ | -3.9% | 1 | — |
| 33 | Laskom Pro02714612 · Pljevlja | <0.1% | 8,158€ | +33.6% | -2,277€ | -27.9% | 1 | — |
| 34 | Cannana03333680 · Podgorica | <0.1% | 7,709€ | -56.3% | 339€ | 4.4% | 1 | 361€ |
| 35 | Polako Oil03505413 · Budva | <0.1% | 7,036€ | +29.5% | -12,763€ | -181.4% | 1 | 931€ |
| 36 | Lab Queen03765695 | <0.1% | 4,176€ | No filing for 2024. | -2,222€ | -53.2% | 1 | — |
| 37 | Zena Montenegro03602001 · Podgorica | <0.1% | 1,528€ | -70.2% | -22,110€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 980€ |
| 38 | Bioart03453138 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,443€ | — | 1 | 614€ |
| 39 | Emona Company03321100 · Nikšić | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 40 | Erba Monte02855933 · Herceg Novi | 0.0% | 0€ | -100.0% | -8,123€ | — | 1 | 675€ |
| 41 | Remoka Group03581152 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 42 | Gaiarosa03213196 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,254€ | — | 1 | 929€ |
| 43 | Ostaestetica03600319 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,161€ | — | 1 | 678€ |
| 44 | Ostafarma Medical03591441 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,161€ | — | 1 | 928€ |
| 45 | Ryoto Spa Cozmetics03325156 · Budva | 0.0% | 0€ | -100.0% | -4,070€ | — | 1 | 338€ |
| 46 | Taker03346595 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |