Revenue
9.1% of sector revenue
1,090 companies earned 687.55m€ in 2025, 9.1% of Trade sector revenue. Revenue has grown 2.7× since 2015.
9.1% of sector revenue
526 with at most one employee
Largest employer: Idea - CG (2,426)
Median company 0.3% · 40% 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 1–50 of 1,090
* 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 81 sole proprietors: 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 | 252,422,284€ | 594 |
| 2016 | 297,635,850€ | 618 |
| 2017 | 309,230,404€ | 654 |
| 2018 | 302,167,582€ | 741 |
| 2019 | 300,424,571€ | 806 |
| 2020 | 259,977,013€ | 849 |
| 2021 | 313,553,308€ | 861 |
| 2022 | 451,409,515€ | 1,013 |
| 2023 | 559,424,259€ | 1,127 |
| 2024 | 666,888,483€ | 1,128 |
| 2025 (Preliminary) | 687,547,443€ | 1,090 |
Employees and payroll cost per employee per month*
9.8% |
| 67,196,360€ |
| +0.5% |
| 324,483€ |
| 0.5% |
| 786 |
| 878€ |
| 3 | Tabacco Shop02378299 · Podgorica | 6.7% | 45,959,755€ | +20.1% | 922,485€ | 2.0% | 542 | 819€ |
| 4 | Cungu & Co02256134 · Ulcinj | 4.1% | 28,354,457€ | +15.0% | 3,723,152€ | 13.1% | 289 | 1,109€ |
| 5 | Montenegro Duty Free03277429 | 1.7% | 12,011,471€ | +23.0% | 980,482€ | 8.2% | 46 | 2,329€ |
| 6 | Kallaba Company02231492 · Ulcinj | 1.6% | 11,143,572€ | +6.1% | 281,246€ | 2.5% | 74 | 885€ |
| 7 | Intersport Crna Gora03104214 · Nikšić | 1.3% | 9,031,838€ | +1.6% | 419,101€ | 4.6% | 85 | 978€ |
| 8 | Primato02961954 · Herceg Novi | 1.2% | 8,118,898€ | +20.1% | 149,901€ | 1.8% | 63 | 879€ |
| 9 | Stela Bu202925567 · Budva | 1.0% | 6,838,030€ | +10.4% | 541,107€ | 7.9% | 82 | 814€ |
| 10 | Studio Moderna Crna Gora02783746 · Podgorica | 0.9% | 6,156,577€ | +2.9% | 345,510€ | 5.6% | 114 | 940€ |
| 11 | BSS02724324 · Podgorica | 0.8% | 5,784,404€ | +24.0% | 871,262€ | 15.1% | 49 | 1,091€ |
| 12 | Napredak02033542 · Kotor | 0.8% | 5,320,548€ | -0.6% | 1,499,038€ | 28.2% | 41 | 1,616€ |
| 13 | Real Fashion02722437 · Podgorica | 0.6% | 4,322,618€ | +12.6% | 44,038€ | 1.0% | 37 | 999€ |
| 14 | Tehno Lux02390264 · Podgorica | 0.6% | 4,117,460€ | -0.6% | 382,842€ | 9.3% | 13 | 719€ |
| 15 | Club Med03327639 · Podgorica | 0.6% | 4,041,303€ | +2.9% | 318,896€ | 7.9% | 35 | 699€ |
| 16 | Lamiga Group02821885 · Ulcinj | 0.6% | 3,948,229€ | -7.0% | 315,702€ | 8.0% | 48 | 762€ |
| 17 | Art Ceramic02997894 · Tuzi | 0.6% | 3,816,622€ | +15.2% | 635,842€ | 16.7% | 13 | 2,045€ |
| 18 | Cortix02926431 · Podgorica | 0.6% | 3,782,554€ | +11.0% | 994,956€ | 26.3% | 24 | 929€ |
| 19 | Savana Commercial Retail03081842 · Podgorica | 0.5% | 3,766,414€ | -1.8% | 856,366€ | 22.7% | 29 | 2,073€ |
| 20 | Centrometal02313987 · Podgorica | 0.5% | 3,755,376€ | -5.5% | 223,252€ | 5.9% | 30 | 1,209€ |
| 21 | Panorama Marketi02989972 · Mojkovac | 0.5% | 3,522,020€ | +23.6% | 295,150€ | 8.4% | 33 | 1,051€ |
| 22 | Vadaviro Comp02251752 · Podgorica | 0.5% | 3,490,431€ | +1.4% | 32,328€ | 0.9% | 26 | 1,495€ |
| 23 | Albino02128110 · Tuzi | 0.5% | 3,451,306€ | +540.2% | 142,920€ | 4.1% | 5 | 1,974€ |
| 24 | Tenero02247089 · Podgorica | 0.5% | 3,203,102€ | -1.1% | 352,027€ | 11.0% | 35 | 1,194€ |
| 25 | Zožeta02224453 · Herceg Novi | 0.4% | 2,874,078€ | +15.6% | 517,666€ | 18.0% | 18 | 1,441€ |
| 26 | Padrino Mont02262622 · Bar | 0.4% | 2,477,954€ | -12.9% | 11,705€ | 0.5% | 42 | 1,005€ |
| 27 | Piper02743051 · Kotor | 0.4% | 2,463,654€ | +14.0% | 441,851€ | 17.9% | 20 | 937€ |
| 28 | Kasmi Company02831155 · Ulcinj | 0.3% | 2,316,484€ | -10.6% | -84,621€ | -3.7% | 8 | 601€ |
| 29 | Dela Maris02240688 · Bijelo Polje | 0.3% | 2,217,171€ | +4.5% | 98,057€ | 4.4% | 19 | 822€ |
| 30 | Mosor Trans02374811 · Podgorica | 0.3% | 2,140,882€ | +7.6% | 164,013€ | 7.7% | 23 | 1,030€ |
| 31 | Mix Markt 380503360032 · Budva | 0.3% | 2,121,440€ | -16.3% | 107,001€ | 5.0% | 10 | 1,669€ |
| 32 | Femić02404729 · Bijelo Polje | 0.3% | 1,949,265€ | +3.4% | 50,435€ | 2.6% | 24 | 684€ |
| 33 | Anđela Produkt02825821 · Pljevlja | 0.3% | 1,934,953€ | -21.2% | -114,921€ | -5.9% | 37 | 714€ |
| 34 | TTC Company03481042 · Tuzi | 0.3% | 1,886,297€ | +103.4% | 53,125€ | 2.8% | 48 | 724€ |
| 35 | Stara Boka02422450 · Budva | 0.2% | 1,688,403€ | +14.6% | 86,891€ | 5.1% | 16 | 1,296€ |
| 36 | Markas03063313 · Podgorica | 0.2% | 1,613,830€ | +17.4% | 26,629€ | 1.7% | 12 | 1,103€ |
| 37 | Fit-Lab03451313 · Podgorica | 0.2% | 1,581,832€ | +86.4% | 172,914€ | 10.9% | 6 | 3,739€ |
| 38 | Tomić-Komerc02638541 · Podgorica | 0.2% | 1,548,218€ | +20.2% | 140,162€ | 9.1% | 10 | 775€ |
| 39 | Ogis02377225 · Bijelo Polje | 0.2% | 1,472,937€ | +10.9% | 45,116€ | 3.1% | 13 | 858€ |
| 40 | Šahin02642115 · Podgorica | 0.2% | 1,438,960€ | +4.3% | 8,281€ | 0.6% | 14 | 694€ |
| 41 | Bana Invest03189830 · Budva | 0.2% | 1,427,371€ | +27,020.9% | 547,689€ | 38.4% | 4 | 643€ |
| 42 | Mitrom Comerc02227002 · Budva | 0.2% | 1,383,881€ | +2.4% | 104,224€ | 7.5% | 8 | 712€ |
| 43 | Fresh Market03490530 · Tuzi | 0.2% | 1,367,190€ | +75.4% | 4,494€ | 0.3% | 15 | 817€ |
| 44 | Mix Markt 380203325172 · Bar | 0.2% | 1,324,943€ | -11.9% | 70,473€ | 5.3% | 7 | 1,408€ |
| 45 | Alcro02101041 · Tuzi | 0.2% | 1,271,966€ | +27.5% | 83,316€ | 6.6% | 7 | 908€ |
| 46 | Neptun02068419 · Pljevlja | 0.2% | 1,268,652€ | +12.5% | 39,621€ | 3.1% | 19 | 978€ |
| 47 | Bono Sistem02906996 · Budva | 0.2% | 1,265,988€ | -1.1% | 94,043€ | 7.4% | 10 | 691€ |
| 48 | Bratica Commerce02053233 · Ulcinj | 0.2% | 1,257,218€ | -1.2% | 19,513€ | 1.6% | 14 | 995€ |
| 49 | GRK Company02275520 · Herceg Novi | 0.2% | 1,255,769€ | +33.8% | 38,206€ | 3.0% | 4 | — |
| 50 | Višnjić Im03058557 · Nikšić | 0.2% | 1,149,061€ | -41.3% | 115,869€ | 10.1% | 31 | 607€ |