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 51–100 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*
0.2% |
| 1,087,297€ |
| -0.7% |
| 39,105€ |
| 3.6% |
| 7 |
| 737€ |
| 53 | Zijo02739844 · Rožaje | 0.2% | 1,077,140€ | +31.8% | 193,391€ | 18.0% | 6 | 683€ |
| 54 | Arnica Montana02056119 · Budva | 0.2% | 1,068,408€ | -22.2% | 17,795€ | 1.7% | 7 | 1,099€ |
| 55 | Gazivoda D&R03137635 · Podgorica | 0.2% | 1,058,681€ | -23.8% | 95,361€ | 9.0% | 28 | 877€ |
| 56 | Anex02095629 · Bijelo Polje | 0.2% | 1,045,170€ | -4.3% | 7,169€ | 0.7% | 5 | 941€ |
| 57 | Agro Ab02621118 · Nikšić | 0.1% | 1,022,955€ | -34.2% | 13,561€ | 1.3% | 20 | — |
| 58 | Karamela02984261 · Andrijevica | 0.1% | 1,014,301€ | +16.6% | 19,289€ | 1.9% | 13 | 739€ |
| 59 | Argons02379244 · Danilovgrad | 0.1% | 1,006,600€ | +8.6% | -14,509€ | -1.4% | 12 | 702€ |
| 60 | Old Budva Souvenirs03117979 · Budva | 0.1% | 988,428€ | +34.4% | 213,029€ | 21.6% | 4 | 3,966€ |
| 61 | B.K. - Commerce02197715 · Podgorica | 0.1% | 970,096€ | -2.8% | 26,220€ | 2.7% | 19 | 780€ |
| 62 | Ivana V.B.02823411 · Kolašin | 0.1% | 964,396€ | +6.0% | 20,218€ | 2.1% | 5 | 1,302€ |
| 63 | Ata02695529 · Budva | 0.1% | 964,124€ | +73.6% | 229,370€ | 23.8% | 13 | 1,454€ |
| 64 | Mix Markt 380303330869 · Tivat | 0.1% | 950,286€ | +9.8% | 36,353€ | 3.8% | 5 | 1,213€ |
| 65 | Mix Markt 380103268888 · Budva | 0.1% | 920,258€ | -5.9% | 23,733€ | 2.6% | 6 | 1,346€ |
| 66 | Monologue03385876 · Podgorica | 0.1% | 904,679€ | +104.2% | 99,585€ | 11.0% | 5 | 969€ |
| 67 | Adriatic SBS02156474 · Tivat | 0.1% | 867,021€ | +9.9% | 18,326€ | 2.1% | 7 | 1,177€ |
| 68 | Phenix Guma02867028 · Podgorica | 0.1% | 864,356€ | +13.9% | 43,175€ | 5.0% | 3 | 1,399€ |
| 69 | Rap Com03115496 · Bar | 0.1% | 828,904€ | -6.3% | 1,026€ | 0.1% | 12 | 697€ |
| 70 | Naša Trgovina03531376 · Rožaje | 0.1% | 828,202€ | +0.4% | 12,227€ | 1.5% | 11 | 716€ |
| 71 | Semi02975823 · Bijelo Polje | 0.1% | 821,903€ | +16.1% | -7,967€ | -1.0% | 5 | 606€ |
| 72 | RMD-Promet02959097 · Nikšić | 0.1% | 804,016€ | +11.4% | 5,462€ | 0.7% | 5 | 890€ |
| 73 | Triticum Co02289156 · Podgorica | 0.1% | 780,608€ | +11.2% | 48,672€ | 6.2% | 2 | 886€ |
| 74 | Bovoto02707012 · Podgorica | 0.1% | 767,867€ | +10.1% | 53,145€ | 6.9% | 20 | 637€ |
| 75 | Jelena Still02713233 · Budva | 0.1% | 762,374€ | -9.7% | -2,057€ | -0.3% | 5 | 603€ |
| 76 | Roma Komerc02717239 · Podgorica | 0.1% | 758,319€ | +19.7% | 62,776€ | 8.3% | 9 | 652€ |
| 77 | ZMG Group03248623 · Cetinje | 0.1% | 754,996€ | +26.7% | 91,759€ | 12.2% | 9 | 549€ |
| 78 | Balkan Deri03158004 · Kotor | 0.1% | 751,691€ | -11.6% | 148,104€ | 19.7% | 9 | 1,501€ |
| 79 | Black Mountain Trust02220849 · Herceg Novi | 0.1% | 739,635€ | +27.3% | 7,401€ | 1.0% | 11 | 1,178€ |
| 80 | Rubeža02175584 · Nikšić | 0.1% | 735,862€ | +18.5% | 2,531€ | 0.3% | 8 | 872€ |
| 81 | Mix Markt 380403573656 · Budva | 0.1% | 735,215€ | +11.9% | -35,733€ | -4.9% | 4 | 1,163€ |
| 82 | Elit - Com02694093 · Nikšić | 0.1% | 723,619€ | +23.1% | 138,173€ | 19.1% | 9 | 747€ |
| 83 | Matija02654881 · Podgorica | 0.1% | 693,326€ | +26.3% | 36,466€ | 5.3% | 6 | 758€ |
| 84 | Vuksanović Dražen i Ortaci02344858 · Podgorica | <0.1% | 687,299€ | +10.7% | 7,217€ | 1.1% | 9 | 768€ |
| 85 | Dea Commerce03350991 · Podgorica | <0.1% | 672,960€ | +28.8% | 28,919€ | 4.3% | 7 | 515€ |
| 86 | V & N02736055 · Podgorica | <0.1% | 672,623€ | +2.8% | 52,405€ | 7.8% | 13 | 770€ |
| 87 | Euromax Mne02917629 · Budva | <0.1% | 669,775€ | +13.5% | 366,781€ | 54.8% | 4 | 1,295€ |
| 88 | Holli02699494 · Ulcinj | <0.1% | 662,162€ | +0.7% | 52,833€ | 8.0% | 5 | 779€ |
| 89 | Keni Komerc02427354 · Bijelo Polje | <0.1% | 661,152€ | -2.1% | 2,694€ | 0.4% | 6 | 826€ |
| 90 | Havana Company03227286 · Budva | <0.1% | 660,757€ | +4.0% | -94,316€ | -14.3% | 3 | 551€ |
| 91 | Tajo Trade02130696 · Podgorica | <0.1% | 658,707€ | +21.1% | 329€ | 0.0% | 5 | 785€ |
| 92 | Kemy - Comerc 202638614 · Rožaje | <0.1% | 657,370€ | +31.5% | 29,931€ | 4.6% | 3 | 2,083€ |
| 93 | Kom Komerc02845652 · Podgorica | <0.1% | 647,992€ | +5.1% | 28,459€ | 4.4% | 3 | 767€ |
| 94 | Twenty Two03472892 · Tivat | <0.1% | 639,111€ | -7.5% | -39,678€ | -6.2% | 3 | 1,431€ |
| 95 | Praktik Co03258203 · Podgorica | <0.1% | 621,293€ | -6.5% | 4,099€ | 0.7% | 9 | 794€ |
| 96 | Rah03291162 · Nikšić | <0.1% | 610,242€ | +26.4% | 59,704€ | 9.8% | 10 | 847€ |
| 97 | Džudo Company02375460 · Podgorica | <0.1% | 607,904€ | -16.8% | 6,253€ | 1.0% | 6 | 672€ |
| 98 | Ogurlić02268027 · Herceg Novi | <0.1% | 606,137€ | +14.1% | 49,588€ | 8.2% | 30 | — |
| 99 | Mistral02110458 · Budva | <0.1% | 605,455€ | -16.9% | 51,053€ | 8.4% | 6 | 1,018€ |
| 100 | R.S.NEC02820897 · Kolašin | <0.1% | 603,651€ | +41.7% | -16,151€ | -2.7% | 4 | 577€ |