Revenue
27.3% of sector revenue
1,621 companies earned 2.06b€ in 2025, 27.3% of Trade sector revenue. Revenue has grown 2.3× since 2015.
27.3% of sector revenue
977 with at most one employee
Largest employer: Voli Trade (2,406)
Median company 2.6% · 43% 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 1,621
* 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 | 900,669,957€ | 921 |
| 2016 | 964,118,232€ | 950 |
| 2017 | 1,051,037,248€ | 1,011 |
| 2018 | 1,098,749,824€ | 1,106 |
| 2019 | 1,138,974,974€ | 1,172 |
| 2020 | 1,002,515,657€ | 1,236 |
| 2021 | 1,200,947,089€ | 1,281 |
| 2022 | 1,511,714,430€ | 1,413 |
| 2023 | 1,724,556,676€ | 1,662 |
| 2024 | 1,871,075,248€ | 1,701 |
| 2025 (Preliminary) | 2,064,616,617€ | 1,621 |
Employees and payroll cost per employee per month*
0.2% |
| 4,446,541€ |
| +6.5% |
| 519,397€ |
| 11.7% |
| 11 |
| 1,739€ |
| 53 | Sirex02732688 · Zeta | 0.2% | 4,390,850€ | +11.2% | 242,648€ | 5.5% | 9 | 1,146€ |
| 54 | Impex Montenegro03093603 · Rožaje | 0.2% | 4,355,461€ | +48.8% | 325,954€ | 7.5% | 6 | 1,529€ |
| 55 | Baćović02273233 · Nikšić | 0.2% | 4,350,542€ | -0.4% | 64,897€ | 1.5% | 37 | 733€ |
| 56 | Free Technics02431092 · Danilovgrad | 0.2% | 4,341,383€ | +13.7% | 675,696€ | 15.6% | 14 | 1,458€ |
| 57 | VSG Commerce02070677 · Podgorica | 0.2% | 4,263,137€ | +2.9% | 67,670€ | 1.6% | 30 | 991€ |
| 58 | Kastex02122189 · Podgorica | 0.2% | 4,250,054€ | +3.2% | 681,531€ | 16.0% | 17 | 1,923€ |
| 59 | Pamex02310724 · Kotor | 0.2% | 4,209,155€ | +18.0% | 239,087€ | 5.7% | 11 | 1,053€ |
| 60 | Venkon Technix03164462 · Podgorica | 0.2% | 4,179,210€ | -34.5% | 83,560€ | 2.0% | 12 | 1,379€ |
| 61 | Koll.Sti03241424 · Bar | 0.2% | 4,151,594€ | +19.5% | 194,365€ | 4.7% | 2 | 1,455€ |
| 62 | Monolith Mne Service03359204 · Budva | 0.2% | 4,054,895€ | -14.1% | 311,482€ | 7.7% | 7 | 1,694€ |
| 63 | Popović Elektro Sistem02264811 · Podgorica | 0.2% | 3,895,734€ | -4.4% | 219,735€ | 5.6% | 36 | 1,388€ |
| 64 | Alfa - Trade02206374 · Mojkovac | 0.2% | 3,885,470€ | +8.9% | 130,856€ | 3.4% | 11 | 1,620€ |
| 65 | Montenegro - Petrol02241889 · Podgorica | 0.2% | 3,877,083€ | -21.1% | 6,546€ | 0.2% | 34 | 1,058€ |
| 66 | Concordia-Comerc02054566 · Ulcinj | 0.2% | 3,845,795€ | -7.1% | 245,036€ | 6.4% | 34 | 1,042€ |
| 67 | Vuksanović Plus03013839 · Budva | 0.2% | 3,813,286€ | -8.5% | 127,985€ | 3.4% | 12 | 614€ |
| 68 | Intercom02398729 · Podgorica | 0.2% | 3,631,608€ | +14.5% | 188,169€ | 5.2% | 20 | 1,471€ |
| 69 | Marković Grand Company02311020 · Tivat | 0.2% | 3,614,666€ | +85.0% | 1,107,422€ | 30.6% | 54 | 1,191€ |
| 70 | Villa02259184 · Cetinje | 0.2% | 3,564,049€ | +4.7% | 276,221€ | 7.8% | 21 | 1,459€ |
| 71 | Easy Trade03440346 · Bar | 0.2% | 3,493,719€ | +47.5% | 56,663€ | 1.6% | 1 | 1,300€ |
| 72 | Promet-Montaža02289741 · Nikšić | 0.2% | 3,388,086€ | +7.5% | 32,202€ | 1.0% | 17 | 942€ |
| 73 | Koti Trgovina03090841 · Tuzi | 0.2% | 3,379,774€ | +11.8% | 236,226€ | 7.0% | 20 | 1,129€ |
| 74 | Lutrex02451824 · Podgorica | 0.2% | 3,353,209€ | +8.4% | 130,075€ | 3.9% | 13 | 1,622€ |
| 75 | Master MN02833263 · Podgorica | 0.2% | 3,347,233€ | +29.4% | 684,883€ | 20.5% | 8 | 1,831€ |
| 76 | Good Food02948435 · Danilovgrad | 0.2% | 3,345,426€ | +89.8% | 532,435€ | 15.9% | 21 | 1,091€ |
| 77 | Damont02461099 · Bar | 0.2% | 3,338,379€ | -4.0% | 94,948€ | 2.8% | 10 | 1,192€ |
| 78 | Orcos03405834 · Cetinje | 0.2% | 3,296,997€ | +28.5% | 99,268€ | 3.0% | 22 | 1,565€ |
| 79 | Patron DF02442442 · Podgorica | 0.2% | 3,280,845€ | +6.0% | 334,209€ | 10.2% | 15 | 1,075€ |
| 80 | Vuk Pro Gradnja03742318 · Herceg Novi | 0.2% | 3,196,140€ | No filing for 2024. | 224,243€ | 7.0% | 19 | 656€ |
| 81 | D&M Sistem03249786 · Nikšić | 0.2% | 3,172,526€ | +7.5% | 287,449€ | 9.1% | 9 | 1,141€ |
| 82 | Top Dom-Kovači03206033 · Tuzi | 0.2% | 3,105,568€ | +20.7% | 664,651€ | 21.4% | 45 | 802€ |
| 83 | Surfmont02458705 · Kotor | 0.1% | 3,074,820€ | +0.8% | 118,211€ | 3.8% | 29 | 1,793€ |
| 84 | Home Trade02817721 · Podgorica | 0.1% | 3,070,170€ | -1.8% | 11,733€ | 0.4% | 1 | 1,184€ |
| 85 | Ravel02216078 · Podgorica | 0.1% | 3,022,817€ | +105.8% | 93,776€ | 3.1% | 6 | 2,825€ |
| 86 | Monteklas03257100 · Nikšić | 0.1% | 3,018,055€ | -1.5% | -8,986€ | -0.3% | 11 | 1,600€ |
| 87 | Sušara Stanišić03090582 · Cetinje | 0.1% | 2,964,703€ | +6.3% | 124,349€ | 4.2% | 1 | 1,800€ |
| 88 | Calgo MN02300672 · Podgorica | 0.1% | 2,885,036€ | +0.4% | 89,930€ | 3.1% | 23 | 970€ |
| 89 | VD Commerce02403846 · Podgorica | 0.1% | 2,871,056€ | +19.7% | 485,501€ | 16.9% | 8 | 1,658€ |
| 90 | Rivulet International03327302 · Budva | 0.1% | 2,818,615€ | +26.2% | 26,230€ | 0.9% | 2 | 1,373€ |
| 91 | Saveco03171973 · Podgorica | 0.1% | 2,704,433€ | -46.6% | 233,229€ | 8.6% | 2 | 1,645€ |
| 92 | Butrint02293927 · Ulcinj | 0.1% | 2,665,535€ | +11.0% | 38,350€ | 1.4% | 6 | 1,473€ |
| 93 | Kaća02065070 · Bar | 0.1% | 2,657,793€ | +461.4% | 1,963,273€ | 73.9% | 4 | 847€ |
| 94 | Beranetex02143518 · Berane | 0.1% | 2,635,540€ | +1.5% | 171,664€ | 6.5% | 4 | 1,254€ |
| 95 | Barmahala02082381 · Rožaje | 0.1% | 2,615,181€ | +6.1% | 158,398€ | 6.1% | 12 | 1,312€ |
| 96 | Monteskela02914930 · Podgorica | 0.1% | 2,606,366€ | +43.7% | 434,751€ | 16.7% | 5 | 1,121€ |
| 97 | Temaso02657155 · Nikšić | 0.1% | 2,580,557€ | +30.0% | 210,505€ | 8.2% | 30 | 1,132€ |
| 98 | Montech Solution03534081 · Podgorica | 0.1% | 2,538,702€ | +269.5% | 55,630€ | 2.2% | 2 | 512€ |
| 99 | Dado - M02816148 · Tuzi | 0.1% | 2,454,894€ | +17.9% | 251,202€ | 10.2% | 20 | 1,027€ |
| 100 | Daladria03219577 · Podgorica | 0.1% | 2,418,509€ | +0.5% | 60,013€ | 2.5% | 1 | 1,648€ |