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 101–150 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*
0.1% |
| 2,359,577€ |
| +21.0% |
| 330,705€ |
| 14.0% |
| 12 |
| 1,195€ |
| 103 | Saće02317311 · Nikšić | 0.1% | 2,341,171€ | +20.2% | 221,276€ | 9.5% | 5 | 693€ |
| 104 | Nativa02403684 · Budva | 0.1% | 2,316,455€ | +9.4% | 431,239€ | 18.6% | 9 | 2,161€ |
| 105 | Design Interni03014134 · Tivat | 0.1% | 2,302,689€ | +87.6% | 61,648€ | 2.7% | 8 | 2,612€ |
| 106 | Kovači02409470 · Tuzi | 0.1% | 2,292,294€ | +4.3% | 28,976€ | 1.3% | 37 | 673€ |
| 107 | Cermat MN02907780 · Danilovgrad | 0.1% | 2,279,420€ | +4.1% | 22,578€ | 1.0% | 22 | 1,431€ |
| 108 | Pharma Star Mda03548848 · Podgorica | 0.1% | 2,265,718€ | -18.1% | 75,877€ | 3.3% | 1 | 5,891€ |
| 109 | Prentis02692082 · Podgorica | 0.1% | 2,261,049€ | +6.0% | 20,549€ | 0.9% | 7 | 687€ |
| 110 | PG - Pak02773538 · Podgorica | 0.1% | 2,216,560€ | -6.3% | 161,639€ | 7.3% | 29 | 1,328€ |
| 111 | Trag D&U03305023 · Mojkovac | 0.1% | 2,172,160€ | -19.5% | 163,962€ | 7.5% | 22 | 1,197€ |
| 112 | Kuqi Company02068362 · Ulcinj | 0.1% | 2,166,882€ | +14.8% | 243,727€ | 11.2% | 6 | 828€ |
| 113 | Vatrooprema02116251 · Podgorica | 0.1% | 2,137,623€ | +72.1% | 301,809€ | 14.1% | 6 | 801€ |
| 114 | Veleprodaja Namos Dajković02774887 · Podgorica | 0.1% | 2,124,827€ | -20.3% | 22,723€ | 1.1% | 16 | 1,663€ |
| 115 | Mas Trade02332329 · Cetinje | 0.1% | 2,123,512€ | +21.0% | 136,750€ | 6.4% | 9 | 803€ |
| 116 | Grand-Plus02383365 · Podgorica | 0.1% | 2,109,156€ | -11.1% | 50,758€ | 2.4% | 7 | 954€ |
| 117 | Kotorska Suvenirnica02867281 · Kotor | 0.1% | 2,103,462€ | +12.7% | 196,324€ | 9.3% | 0 | — |
| 118 | Tehnobar02284502 · Podgorica | 0.1% | 2,101,394€ | -5.5% | 341,138€ | 16.2% | 12 | 1,453€ |
| 119 | Kraft NT02637332 · Podgorica | 0.1% | 2,074,652€ | -7.0% | 525,390€ | 25.3% | 21 | 1,579€ |
| 120 | Sbi Group03221911 · Podgorica | <0.1% | 2,032,485€ | -18.9% | 121,916€ | 6.0% | 4 | 1,370€ |
| 121 | Voćar Kalja Co02831945 · Zeta | <0.1% | 1,997,545€ | +37.2% | 117,981€ | 5.9% | 10 | 1,326€ |
| 122 | Frigoline-MN03647692 · Nikšić | <0.1% | 1,969,068€ | +55.7% | 82,169€ | 4.2% | 1 | 1,383€ |
| 123 | Alarm Automatika02774186 · Podgorica | <0.1% | 1,952,637€ | -36.5% | 91,528€ | 4.7% | 12 | 1,663€ |
| 124 | Flexway Mne03625362 · Nikšić | <0.1% | 1,871,689€ | +12,889.7% | -326,024€ | -17.4% | 14 | 1,801€ |
| 125 | Air Soaring Mne03541371 · Podgorica | <0.1% | 1,863,206€ | +1.3% | 19,809€ | 1.1% | 1 | 801€ |
| 126 | Put-Company02805685 · Kotor | <0.1% | 1,856,923€ | -0.1% | 157,091€ | 8.5% | 20 | 951€ |
| 127 | Top Alco Brands Distribution03200825 · Budva | <0.1% | 1,840,966€ | -26.9% | 33,805€ | 1.8% | 1 | 2,417€ |
| 128 | Avanglion Mne02828855 · Budva | <0.1% | 1,816,022€ | +10.3% | 249,211€ | 13.7% | 20 | 1,449€ |
| 129 | Mazor02215233 · Nikšić | <0.1% | 1,812,588€ | +7.3% | 136,041€ | 7.5% | 7 | 1,244€ |
| 130 | Es System K Balkan03074439 · Podgorica | <0.1% | 1,759,163€ | +210.3% | 591,414€ | 33.6% | 3 | 5,491€ |
| 131 | Montex02768844 · Nikšić | <0.1% | 1,740,813€ | +787.7% | -534,182€ | -30.7% | 3 | 1,342€ |
| 132 | Enco Trading and Consultancy03234835 · Podgorica | <0.1% | 1,728,763€ | -8.4% | -199,299€ | -11.5% | 1 | 678€ |
| 133 | Rarovac-Commerce02177633 · Podgorica | <0.1% | 1,725,864€ | +6.5% | 135,223€ | 7.8% | 9 | 965€ |
| 134 | Hidro-Rad02946777 · Nikšić | <0.1% | 1,692,395€ | +50.3% | 22,668€ | 1.3% | 6 | 1,581€ |
| 135 | Sač02356554 · Danilovgrad | <0.1% | 1,683,081€ | +5.6% | 38,859€ | 2.3% | 6 | 1,463€ |
| 136 | Rotor02047799 · Tivat | <0.1% | 1,679,196€ | +20.4% | 128,587€ | 7.7% | 30 | 1,066€ |
| 137 | VBH Montenegro02443961 · Podgorica | <0.1% | 1,674,163€ | +31.1% | 149,731€ | 8.9% | 9 | 1,825€ |
| 138 | Spona02208504 · Podgorica | <0.1% | 1,636,044€ | +42.0% | 210,672€ | 12.9% | 8 | 1,512€ |
| 139 | Viking Komp02198142 · Nikšić | <0.1% | 1,625,619€ | +48.3% | 17,218€ | 1.1% | 5 | 790€ |
| 140 | E-Joy Mne02944502 · Podgorica | <0.1% | 1,619,852€ | -16.5% | 536,688€ | 33.1% | 13 | 848€ |
| 141 | Winterhalter Gastronom Montenegro02448327 · Kotor | <0.1% | 1,608,765€ | +10.2% | 279,479€ | 17.4% | 6 | 2,783€ |
| 142 | Trigon Inc03287882 · Podgorica | <0.1% | 1,581,623€ | +13.8% | 111,294€ | 7.0% | 11 | 2,180€ |
| 143 | Velestovo Inn02260425 · Kotor | <0.1% | 1,565,077€ | -10.3% | 95,546€ | 6.1% | 9 | 894€ |
| 144 | Beorol Montenegro02918374 · Nikšić | <0.1% | 1,544,676€ | +5.2% | 32,887€ | 2.1% | 9 | 1,877€ |
| 145 | Centroslavija02064634 · Podgorica | <0.1% | 1,538,253€ | -20.1% | 170,456€ | 11.1% | 3 | 1,733€ |
| 146 | Gross Optic03290638 · Podgorica | <0.1% | 1,538,034€ | -3.3% | 224,348€ | 14.6% | 9 | 1,111€ |
| 147 | Habitat02327619 · Podgorica | <0.1% | 1,537,431€ | +112.2% | 88,609€ | 5.8% | 20 | 1,023€ |
| 148 | Gostrade02073927 · Pljevlja | <0.1% | 1,509,098€ | +77.2% | 15,107€ | 1.0% | 6 | 905€ |
| 149 | Univerzitats02638436 · Podgorica | <0.1% | 1,495,263€ | -2.0% | 366,494€ | 24.5% | 1 | 1,889€ |
| 150 | Pem Commerce02154943 · Nikšić | <0.1% | 1,492,656€ | -16.8% | 14,402€ | 1.0% | 4 | 922€ |