Revenue
1.3% of sector revenue
65 companies earned 94.82m€ in 2025, 1.3% of Trade sector revenue. Revenue has grown 1.9× since 2015.
1.3% of sector revenue
40 with at most one employee
Largest employer: Tehno Plus (96)
Median company 3.6% · 58% 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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 65
* 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 | 49,892,839€ | 23 |
| 2016 | 57,702,478€ | 22 |
| 2017 | 61,821,024€ | 24 |
| 2018 | 68,692,769€ | 29 |
| 2019 | 74,752,927€ | 33 |
| 2020 | 81,206,676€ | 35 |
| 2021 | 79,909,608€ | 42 |
| 2022 | 116,593,261€ | 49 |
| 2023 | 109,304,536€ | 55 |
| 2024 | 99,868,957€ | 63 |
| 2025 (Preliminary) | 94,816,297€ | 65 |
17.0% |
| 16,143,172€ |
| -1.6% |
| 126,657€ |
| 0.8% |
| 96 |
| 1,447€ |
| 3 | Siemens Energy03370259 · Podgorica | 10.4% | 9,833,830€ | +2,667.5% | 1,443,458€ | 14.7% | 3 | 4,380€ |
| 4 | Batara02095521 · Podgorica | 9.7% | 9,204,063€ | +13.0% | 344,264€ | 3.7% | 13 | 1,215€ |
| 5 | Baranka Export-Import Pejanović02122570 · Bar | 5.4% | 5,116,193€ | -17.3% | 296,069€ | 5.8% | 6 | 2,999€ |
| 6 | Teknoxgroup Crna Gora02312450 · Danilovgrad | 4.8% | 4,555,886€ | -15.7% | 45,460€ | 1.0% | 13 | 2,729€ |
| 7 | DNS Nautika03171493 · Herceg Novi | 1.3% | 1,233,003€ | +31.1% | 83,201€ | 6.7% | 13 | 1,168€ |
| 8 | Mils02324954 · Nikšić | 1.2% | 1,147,679€ | -6.2% | 40,454€ | 3.5% | 4 | 1,097€ |
| 9 | Hera Lift03594815 · Podgorica | 1.2% | 1,123,402€ | +106.2% | 31,400€ | 2.8% | 1 | 1,575€ |
| 10 | Sled-Šinski Razvodi03439011 · Podgorica | 1.1% | 1,033,097€ | -46.1% | -303,502€ | -29.4% | 2 | 1,499€ |
| 11 | Unel02411563 · Kotor | 1.0% | 938,394€ | +98.3% | 96,936€ | 10.3% | 8 | 1,376€ |
| 12 | Difol Montenegro03057976 · Podgorica | 0.8% | 738,539€ | +11.9% | 18,365€ | 2.5% | 2 | 890€ |
| 13 | MD Process Equipment03734587 · Cetinje | 0.7% | 708,298€ | No filing for 2024. | 137,241€ | 19.4% | 1 | 813€ |
| 14 | Evocon03063801 · Podgorica | 0.6% | 580,092€ | +14.4% | 1,387€ | 0.2% | 2 | 807€ |
| 15 | Lift - Ing02977478 · Podgorica | 0.6% | 539,350€ | +101.1% | 45,343€ | 8.4% | 5 | 1,593€ |
| 16 | Vekom Mont02709066 · Podgorica | 0.5% | 459,900€ | +105.1% | 103,772€ | 22.6% | 1 | 1,293€ |
| 17 | Tošmil Hidraulik02410095 · Podgorica | 0.5% | 453,817€ | +4.6% | 6,060€ | 1.3% | 3 | 1,286€ |
| 18 | Mirabou02121620 · Podgorica | 0.5% | 451,525€ | -7.9% | 28,374€ | 6.3% | 2 | 866€ |
| 19 | Eorial03524515 · Podgorica | 0.4% | 411,000€ | +12.4% | 115,333€ | 28.1% | 1 | 2,344€ |
| 20 | Eleven Technology03122301 · Podgorica | 0.4% | 398,751€ | +49.0% | 44,005€ | 11.0% | 1 | 942€ |
| 21 | Skymne03630927 · Podgorica | 0.3% | 300,382€ | +54.8% | 17,940€ | 6.0% | 1 | 832€ |
| 22 | BX Energy Systems03645886 · Kotor | 0.3% | 266,509€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,185€ | 3.4% | 1 | 675€ |
| 23 | Paneleven02670348 · Podgorica | 0.3% | 248,243€ | +17.3% | 6,546€ | 2.6% | 3 | 1,229€ |
| 24 | 19 Septembar02089572 · Berane | 0.2% | 226,248€ | +11.6% | 7,892€ | 3.5% | 3 | 693€ |
| 25 | Luxury Marine Toys03566650 · Tivat | 0.2% | 216,216€ | +395.1% | 8,508€ | 3.9% | 2 | 1,332€ |
| 26 | Efemach03510344 · Podgorica | 0.1% | 136,112€ | -87.2% | 39,997€ | 29.4% | 1 | 1,960€ |
| 27 | Marlin Nautika03297063 · Bar | 0.1% | 135,745€ | +3.2% | -7,110€ | -5.2% | 5 | 890€ |
| 28 | Simbad03734595 · Podgorica | 0.1% | 133,956€ | No filing for 2024. | 23,713€ | 17.7% | 1 | 1,735€ |
| 29 | Montenegrofresh03253678 · Nikšić | <0.1% | 87,057€ | +45.8% | 3,465€ | 4.0% | 2 | 562€ |
| 30 | Oki Co02459302 · Danilovgrad | <0.1% | 63,830€ | -60.5% | 1,987€ | 3.1% | 1 | 405€ |
| 31 | Mars Invest03242471 · Podgorica | <0.1% | 57,884€ | -61.7% | -6,826€ | -11.8% | 2 | 678€ |
| 32 | Az Techno03085970 · Podgorica | <0.1% | 54,775€ | -59.0% | 906€ | 1.7% | 1 | 617€ |
| 33 | Balkan Forms03700330 · Kotor | <0.1% | 53,480€ | +5,347,900.0% | -1,014€ | -1.9% | 1 | 682€ |
| 34 | Romay Lift Mne03766667 · Ulcinj | <0.1% | 48,514€ | No filing for 2024. | 9,671€ | 19.9% | 0 | — |
| 35 | Dalupada03602028 · Podgorica | <0.1% | 41,129€ | +106.2% | 1,113€ | 2.7% | 1 | 2,852€ |
| 36 | Adriatica Water Solutions03387704 · Bar | <0.1% | 38,482€ | +1.4% | 25,201€ | 65.5% | 1 | 677€ |
| 37 | Y2-Tech02870673 · Bar | <0.1% | 37,034€ | -17.7% | 3,781€ | 10.2% | 1 | 451€ |
| 38 | Blint03169359 · Podgorica | <0.1% | 34,453€ | +47.0% | 17,306€ | 50.2% | 1 | 653€ |
| 39 | New Additive03456668 · Nikšić | <0.1% | 24,398€ | -17.8% | -7,017€ | -28.8% | 1 | 1,680€ |
| 40 | Solarsolution Mne03747115 · Podgorica | <0.1% | 23,500€ | No filing for 2024. | 19€ | 0.1% | 1 | 364€ |
| 41 | Darves03245004 · Podgorica | <0.1% | 18,539€ | +18.4% | 2,669€ | 14.4% | 1 | — |
| 42 | Gora02323648 · Žabljak | <0.1% | 17,931€ | +895.6% | 4,732€ | 26.4% | 1 | — |
| 43 | Dot02887517 · Podgorica | <0.1% | 17,369€ | -40.1% | -12,053€ | -69.4% | 2 | 678€ |
| 44 | Tehnosuport03376907 · Kotor | <0.1% | 14,361€ | -38.6% | 350€ | 2.4% | 1 | 1,017€ |
| 45 | Global Pro03173909 · Podgorica | <0.1% | 3,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,678€ | -247.9% | 1 | 678€ |
| 46 | Inteladria03383237 · Budva | <0.1% | 403€ | -93.5% | -17,740€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 662€ |
| 47 | Ata Aviation03755584 · Budva | 0.0% | 0€ | No filing for 2024. | -2,651€ | — | 1 | — |
| 48 | Coastal Trading03593762 · Podgorica | 0.0% | 0€ | -100.0% | -17,415€ | — | 1 | 1,144€ |
| 49 | Aloha Group03401049 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,183€ | — | 1 | 928€ |
| 50 | Amusnet Montenegro03788563 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,107€ | — | 1 | 826€ |