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 151–200 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% |
| 1,479,370€ |
| -2.4% |
| 153,938€ |
| 10.4% |
| 23 |
| 771€ |
| 153 | Oncliniq03569845 · Podgorica | <0.1% | 1,462,490€ | +124.3% | 14,064€ | 1.0% | 1 | 1,045€ |
| 154 | Agris02305500 · Ulcinj | <0.1% | 1,456,781€ | +10.5% | -91,927€ | -6.3% | 10 | 1,345€ |
| 155 | Cetmar Kujović02462931 · Kolašin | <0.1% | 1,443,781€ | +4.0% | 3,065€ | 0.2% | 9 | 824€ |
| 156 | Alu - Box02442353 · Bar | <0.1% | 1,429,844€ | +0.7% | 19,303€ | 1.4% | 14 | 638€ |
| 157 | Znak02061902 · Podgorica | <0.1% | 1,425,203€ | -9.6% | 209,756€ | 14.7% | 6 | 2,036€ |
| 158 | Žega-Prom02275660 · Nikšić | <0.1% | 1,420,987€ | +13.6% | 209,117€ | 14.7% | 9 | 983€ |
| 159 | Izonet02866919 · Podgorica | <0.1% | 1,416,861€ | +0.5% | -106,791€ | -7.5% | 7 | 2,580€ |
| 160 | Montenegro Defence Industry02236575 · Podgorica | <0.1% | 1,413,093€ | -85.1% | 10,664€ | 0.8% | 17 | 2,739€ |
| 161 | Plastika02389185 · Cetinje | <0.1% | 1,399,924€ | -2.0% | 5,713€ | 0.4% | 6 | 741€ |
| 162 | Moon International Import03520595 · Bar | <0.1% | 1,396,129€ | +1,041.6% | 92,252€ | 6.6% | 2 | 680€ |
| 163 | Evolution Company03222268 · Podgorica | <0.1% | 1,388,312€ | +127.7% | 5,511€ | 0.4% | 1 | 2,828€ |
| 164 | Nektar Natura02404940 · Herceg Novi | <0.1% | 1,386,651€ | +3.9% | 126,848€ | 9.1% | 7 | 1,332€ |
| 165 | Tempo Trade02370883 · Podgorica | <0.1% | 1,381,605€ | +5.1% | 146,299€ | 10.6% | 16 | 1,393€ |
| 166 | Bukilić02774585 · Podgorica | <0.1% | 1,363,504€ | -19.3% | 63,738€ | 4.7% | 9 | 948€ |
| 167 | Montell02296390 · Cetinje | <0.1% | 1,336,089€ | -6.7% | 41,523€ | 3.1% | 14 | 1,655€ |
| 168 | Viacom02304511 · Tuzi | <0.1% | 1,329,694€ | +1.8% | 75,360€ | 5.7% | 8 | 846€ |
| 169 | Prohouse02285754 · Podgorica | <0.1% | 1,290,308€ | -74.1% | -99,224€ | -7.7% | 7 | 1,958€ |
| 170 | Pal-Mont02945592 · Podgorica | <0.1% | 1,267,291€ | +11.2% | 38,837€ | 3.1% | 5 | 1,121€ |
| 171 | Daiki03289109 · Bar | <0.1% | 1,252,070€ | +1.9% | 164,998€ | 13.2% | 12 | 1,325€ |
| 172 | VD Fruit02837609 · Podgorica | <0.1% | 1,223,708€ | +32.5% | 90,620€ | 7.4% | 3 | 650€ |
| 173 | Prowellness Montenegro02658682 · Podgorica | <0.1% | 1,220,616€ | -29.8% | 109,336€ | 9.0% | 4 | 1,313€ |
| 174 | Li Commerce02052237 · Podgorica | <0.1% | 1,212,903€ | +70.2% | 139,571€ | 11.5% | 6 | 1,423€ |
| 175 | Tuplex Materia03030245 · Podgorica | <0.1% | 1,206,164€ | +22.3% | 98,605€ | 8.2% | 6 | 1,728€ |
| 176 | Tuegra02446570 · Podgorica | <0.1% | 1,176,923€ | +14.2% | 64,702€ | 5.5% | 5 | 1,132€ |
| 177 | Podgor Import02337207 · Bar | <0.1% | 1,159,158€ | +12.0% | 2,746€ | 0.2% | 15 | 1,298€ |
| 178 | Interesta02325152 · Podgorica | <0.1% | 1,141,456€ | +7.9% | 33,214€ | 2.9% | 9 | 1,577€ |
| 179 | Rocky Pistolato Casch&Carry02361353 · Podgorica | <0.1% | 1,124,785€ | +9.0% | -833,627€ | -74.1% | 22 | 1,301€ |
| 180 | DP Lux03133281 · Podgorica | <0.1% | 1,120,740€ | +18.7% | -57,931€ | -5.2% | 1 | 870€ |
| 181 | Europak03040879 · Podgorica | <0.1% | 1,093,646€ | +25.7% | 61,840€ | 5.7% | 10 | 1,138€ |
| 182 | Tenegro Group03144747 · Podgorica | <0.1% | 1,086,504€ | +27.6% | 129,528€ | 11.9% | 5 | 1,098€ |
| 183 | Sofa Bed02770768 · Podgorica | <0.1% | 1,076,240€ | +3.6% | 17,400€ | 1.6% | 11 | 1,514€ |
| 184 | BMM Trade03295745 · Podgorica | <0.1% | 1,073,197€ | +4.8% | 86,135€ | 8.0% | 7 | 1,047€ |
| 185 | Oxy03134024 · Podgorica | <0.1% | 1,052,215€ | +21.3% | 287,825€ | 27.4% | 11 | 1,318€ |
| 186 | Boy Iv02313065 · Herceg Novi | <0.1% | 1,045,200€ | +0.7% | 87,914€ | 8.4% | 18 | 1,000€ |
| 187 | Centrosinergija Montenegro03517705 · Nikšić | <0.1% | 1,041,752€ | -3.1% | 1,935€ | 0.2% | 2 | 1,217€ |
| 188 | Mercor03154718 · Danilovgrad | <0.1% | 1,038,953€ | +51.0% | 48,031€ | 4.6% | 16 | 1,045€ |
| 189 | Bjelmont02094266 · Podgorica | <0.1% | 1,028,805€ | -5.5% | 39,083€ | 3.8% | 3 | 1,161€ |
| 190 | Veba Group03344282 · Podgorica | <0.1% | 1,028,488€ | +44.4% | 397,802€ | 38.7% | 3 | 952€ |
| 191 | Idea02076608 · Podgorica | <0.1% | 1,021,526€ | -12.2% | 192,898€ | 18.9% | 6 | 1,231€ |
| 192 | Novopak03188019 · Budva | <0.1% | 1,011,769€ | +0.7% | 96,420€ | 9.5% | 3 | 1,006€ |
| 193 | Micropack03443876 · Podgorica | <0.1% | 958,661€ | +26.5% | 43,398€ | 4.5% | 6 | 1,137€ |
| 194 | Antenall Company03389448 · Cetinje | <0.1% | 956,231€ | +74.8% | 124,737€ | 13.0% | 4 | 1,381€ |
| 195 | Milunović Co Trade02336456 · Kotor | <0.1% | 952,708€ | -1.7% | 40,114€ | 4.2% | 6 | 717€ |
| 196 | Frigo Elektro Sistem02437104 · Nikšić | <0.1% | 951,322€ | -13.8% | 83,523€ | 8.8% | 4 | 757€ |
| 197 | Penecom03679233 · Podgorica | <0.1% | 936,959€ | +2,207.0% | 137,651€ | 14.7% | 1 | 3,166€ |
| 198 | Oc Imp Klima02716453 · Podgorica | <0.1% | 920,673€ | -20.8% | 27,079€ | 2.9% | 3 | 2,375€ |
| 199 | Pekometal02462001 · Bijelo Polje | <0.1% | 917,025€ | -8.9% | 25,362€ | 2.8% | 17 | 1,005€ |
| 200 | Vetama03275183 · Herceg Novi | <0.1% | 915,671€ | -10.9% | 79,925€ | 8.7% | 1 | 1,254€ |