Revenue
4.6% of sector revenue
88 companies earned 344.41m€ in 2025, 4.6% of Trade sector revenue. Revenue has grown 3.3× since 2015.
4.6% of sector revenue
27 with at most one employee
Largest employer: Glosarij (183)
Median company 3.7% · 60% 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 51–88 of 88
* 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 | 103,154,835€ | 48 |
| 2016 | 109,839,108€ | 49 |
| 2017 | 126,539,775€ | 52 |
| 2018 | 143,151,017€ | 60 |
| 2019 | 157,590,701€ | 64 |
| 2020 | 198,172,155€ | 68 |
| 2021 | 244,316,797€ | 76 |
| 2022 | 264,772,054€ | 76 |
| 2023 | 276,713,873€ | 85 |
| 2024 | 318,425,159€ | 91 |
| 2025 (Preliminary) | 344,410,586€ | 88 |
Employees and payroll cost per employee per month*
<0.1% |
| 62,805€ |
| -32.2% |
| 3,826€ |
| 6.1% |
| 2 |
| 961€ |
| 53 | Elta90 Mne03784495 · Podgorica | <0.1% | 51,113€ | No filing for 2024. | -5,213€ | -10.2% | 1 | 1,141€ |
| 54 | MM Pharm02858126 · Podgorica | <0.1% | 47,608€ | +77.7% | 1,126€ | 2.4% | 1 | 678€ |
| 55 | Mip Pharma CG02695588 · Podgorica | <0.1% | 42,822€ | -55.4% | -2,940€ | -6.9% | 1 | 2,034€ |
| 56 | Prime Wave03665852 · Podgorica | <0.1% | 38,389€ | +764.0% | -56,415€ | -147.0% | 2 | 561€ |
| 57 | Medicina03549305 · Podgorica | <0.1% | 34,014€ | -3.3% | -13,531€ | -39.8% | 2 | 1,664€ |
| 58 | Magna Pharmacia03639789 · Podgorica | <0.1% | 31,402€ | +85.9% | -8,384€ | -26.7% | 1 | 993€ |
| 59 | B. Braun Adria03044360 · Podgorica | <0.1% | 22,516€ | -14.6% | 0€ | 0.0% | 1 | 914€ |
| 60 | Biolitec03380106 · Tivat | <0.1% | 20,664€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -728€ | -3.5% | 3 | 346€ |
| 61 | Naše Zdravlje03478564 · Budva | <0.1% | 18,250€ | +225.7% | -18,476€ | -101.2% | 4 | 730€ |
| 62 | Tehmar Promet02908174 · Podgorica | <0.1% | 17,370€ | -8.2% | 0€ | 0.0% | 1 | 1,079€ |
| 63 | World Medicine03229726 · Podgorica | <0.1% | 16,000€ | +100.0% | 1,374€ | 8.6% | 1 | 927€ |
| 64 | Dental Depot CG03241556 · Budva | <0.1% | 15,089€ | -46.1% | -53,611€ | -355.3% | 1 | 450€ |
| 65 | Human Medical Solutions03133494 · Podgorica | <0.1% | 12,864€ | -29.7% | -1,529€ | -11.9% | 1 | — |
| 66 | Adriamed Mont03586995 · Herceg Novi | <0.1% | 10,071€ | +109.5% | -15,889€ | -157.8% | 2 | 920€ |
| 67 | Bilim Group Montenegro03474429 · Budva | <0.1% | 9,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 469€ | 5.2% | 1 | 675€ |
| 68 | Grandevita Crna Gora03552284 · Podgorica | <0.1% | 5,722€ | -36.3% | 0€ | 0.0% | 1 | 477€ |
| 69 | Corapharm CG03386252 · Herceg Novi | <0.1% | 4,545€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,597€ | -299.2% | 2 | 665€ |
| 70 | Swiss Concept Sciences02947625 · Budva | <0.1% | 3,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,203€ | -173.4% | 1 | 675€ |
| 71 | Maymedica03770532 · Podgorica | <0.1% | 2,419€ | No filing for 2024. | -4,250€ | -175.7% | 0 | — |
| 72 | Acendis03360792 · Podgorica | <0.1% | 1,133€ | -55.0% | -1,108€ | -97.8% | 1 | — |
| 73 | Dental Pro03242773 · Podgorica | <0.1% | 277€ | -10.6% | -8,582€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 358€ |
| 74 | 2K & Partners02936674 · Podgorica | <0.1% | 101€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,219€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 75 | Biotec Montenegro02686279 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,381€ | — | 1 | 675€ |
| 76 | Biotek Solutions03745279 · Podgorica | 0.0% | 0€ | No filing for 2024. | -27,103€ | — | 2 | 909€ |
| 77 | BTL Medical Montenegro02889005 · Podgorica | 0.0% | 0€ | -100.0% | -2,136€ | — | 1 | — |
| 78 | Judy Medical Instrument Trading03378365 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,019€ | — | 1 | — |
| 79 | Norm Dentalia03572790 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 80 | Novaxion03748154 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,579€ | — | 1 | — |
| 81 | Bora Dental Montenegro03650022 · Ulcinj | 0.0% | 0€ | -100.0% | -17,298€ | — | 2 | 636€ |
| 82 | Ig Pharma02923149 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,245€ | — | 1 | — |
| 83 | Makler Beograd03275060 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,609€ | — | 1 | 1,017€ |
| 84 | Nanomed03582167 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,705€ | — | 2 | 646€ |
| 85 | Biostent Montenegro03798615 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,326€ | — | 2 | — |
| 86 | R & B Medical Company03254577 · Podgorica | 0.0% | 0€ | No filing for 2024. | -20,152€ | — | 1 | 1,255€ |
| 87 | Unihemkom Pharma02761793 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,025€ | — | 1 | — |
| 88 | Zoet03622282 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,780€ | — | 1 | — |