Revenue
1.9% of sector revenue
379 companies earned 147.19m€ in 2025, 1.9% of Trade sector revenue. Revenue has grown 2.3× since 2015.
1.9% of sector revenue
154 with at most one employee
Largest employer: Donator (339)
Median company -3.2% · 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 101–150 of 379
* 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 38 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 | 64,066,072€ | 247 |
| 2016 | 76,223,868€ | 274 |
| 2017 | 84,127,275€ | 300 |
| 2018 | 85,439,691€ | 334 |
| 2019 | 88,960,129€ | 344 |
| 2020 | 63,674,076€ | 352 |
| 2021 | 83,110,616€ | 359 |
| 2022 | 108,386,275€ | 372 |
| 2023 | 125,737,084€ | 380 |
| 2024 | 139,747,925€ | 382 |
| 2025 (Preliminary) | 147,190,572€ | 379 |
Employees and payroll cost per employee per month*
<0.1% |
| 62,847€ |
| -1.4% |
| 6,014€ |
| 9.6% |
| 4 |
| 812€ |
| 103 | Famas03017125 · Bar | <0.1% | 62,351€ | +11.8% | 3,204€ | 5.1% | 4 | 395€ |
| 104 | Carlson02072963 · Podgorica | <0.1% | 62,243€ | +19.4% | 1,445€ | 2.3% | 3 | 859€ |
| 105 | Tangerine Limited03464415 · Podgorica | <0.1% | 59,896€ | +209.6% | 1,136€ | 1.9% | 2 | 412€ |
| 106 | Dribling02164795 · Tivat | <0.1% | 59,382€ | -5.7% | 399€ | 0.7% | 3 | 904€ |
| 107 | Valentino - N02783789 · Pljevlja | <0.1% | 57,652€ | +8.5% | -18,464€ | -32.0% | 6 | 795€ |
| 108 | Laguna Fashion03077730 · Bar | <0.1% | 57,560€ | +8.0% | -11,412€ | -19.8% | 4 | 560€ |
| 109 | Ensport03733190 · Podgorica | <0.1% | 56,882€ | No filing for 2024. | -11,009€ | -19.4% | 3 | 718€ |
| 110 | Iq Fashion02931036 · Budva | <0.1% | 56,455€ | -3.8% | -4,797€ | -8.5% | 2 | 895€ |
| 111 | Ming Yuan03059855 · Budva | <0.1% | 55,639€ | +1.0% | 332€ | 0.6% | 2 | 820€ |
| 112 | Čeprnjić i Drugi02326558 · Herceg Novi | <0.1% | 55,293€ | +22.3% | 4,612€ | 8.3% | 2 | 558€ |
| 113 | Pink Kids03066096 · Bijelo Polje | <0.1% | 54,156€ | +10.2% | 4,642€ | 8.6% | 3 | 1,015€ |
| 114 | Kontera02824230 · Nikšić | <0.1% | 52,903€ | +87.1% | 12,277€ | 23.2% | 3 | 688€ |
| 115 | Dubrava02421003 · Rožaje | <0.1% | 52,850€ | -4.6% | -5,307€ | -10.0% | 1 | 670€ |
| 116 | Natural Shop03216934 · Budva | <0.1% | 50,542€ | -18.6% | -28,025€ | -55.4% | 3 | 962€ |
| 117 | VPT02400286 · Tivat | <0.1% | 49,218€ | +2.9% | 2,321€ | 4.7% | 5 | 609€ |
| 118 | Shalom Sara02165589 · Podgorica | <0.1% | 48,825€ | -19.7% | -9,088€ | -18.6% | 1 | 2,025€ |
| 119 | Monooptics Monte03502317 · Budva | <0.1% | 46,318€ | +8.2% | -1,983€ | -4.3% | 3 | 553€ |
| 120 | Luko Montenegro03028313 · Rožaje | <0.1% | 45,909€ | +11.2% | -5,701€ | -12.4% | 2 | 791€ |
| 121 | Modni Studio Sudecki03245543 · Podgorica | <0.1% | 45,863€ | +0.6% | 2,899€ | 6.3% | 5 | 554€ |
| 122 | S Group02885034 · Budva | <0.1% | 45,014€ | +3.8% | -18,275€ | -40.6% | 2 | 621€ |
| 123 | Must Have03750701 · Podgorica | <0.1% | 44,921€ | No filing for 2024. | -19,396€ | -43.2% | 0 | — |
| 124 | Mezopotamya Company03339734 · Budva | <0.1% | 44,468€ | -9.2% | 3,626€ | 8.2% | 2 | 696€ |
| 125 | La Perla Intimo03588556 · Berane | <0.1% | 43,274€ | +14.4% | 2,028€ | 4.7% | 2 | 1,393€ |
| 126 | Paam Company03209407 · Nikšić | <0.1% | 42,205€ | -14.6% | -7,323€ | -17.4% | 1 | 1,194€ |
| 127 | Polex Company02465345 · Bar | <0.1% | 41,199€ | +5.4% | -1,519€ | -3.7% | 2 | 509€ |
| 128 | Ismar02411121 · Bar | <0.1% | 41,096€ | -13.8% | 1,715€ | 4.2% | 2 | 606€ |
| 129 | Lida Co02824264 · Bijelo Polje | <0.1% | 39,907€ | -48.0% | -19,816€ | -49.7% | 2 | 979€ |
| 130 | Investconsulting-Mne03556964 · Podgorica | <0.1% | 39,196€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,594€ | -52.5% | 4 | 728€ |
| 131 | Irma02794934 · Berane | <0.1% | 38,833€ | +7.3% | -1,720€ | -4.4% | 2 | 1,232€ |
| 132 | Amore Mio03426343 · Bar | <0.1% | 36,831€ | +12.5% | 3,593€ | 9.8% | 2 | 792€ |
| 133 | 7-Elephants02854660 · Nikšić | <0.1% | 35,663€ | -1.4% | 108€ | 0.3% | 4 | 589€ |
| 134 | Margo Mode02621932 · Podgorica | <0.1% | 34,539€ | -22.6% | -5,528€ | -16.0% | 2 | 683€ |
| 135 | Lux Lady Co03172074 · Bijelo Polje | <0.1% | 34,432€ | -9.7% | 4,671€ | 13.6% | 2 | 821€ |
| 136 | Xu - Hui02742527 · Rožaje | <0.1% | 34,329€ | +3.1% | -14,819€ | -43.2% | 4 | 722€ |
| 137 | 4 Seasons02823560 · Budva | <0.1% | 34,283€ | +69.6% | -9,797€ | -28.6% | 3 | 608€ |
| 138 | Yorgancioglu Couture03679837 · Podgorica | <0.1% | 33,956€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,040€ | 11.9% | 1 | 678€ |
| 139 | Butik Fensy03547086 · Bijelo Polje | <0.1% | 33,736€ | +61.4% | -3,082€ | -9.1% | 3 | 856€ |
| 140 | Frontera02317265 · Podgorica | <0.1% | 33,644€ | -27.8% | -9,760€ | -29.0% | 3 | 452€ |
| 141 | Raonić Company Mne03214419 · Podgorica | <0.1% | 33,433€ | +85.7% | 5,770€ | 17.3% | 2 | 735€ |
| 142 | Bety02955067 · Pljevlja | <0.1% | 33,279€ | -14.1% | -12,277€ | -36.9% | 4 | 528€ |
| 143 | V & A Fashion02453002 · Herceg Novi | <0.1% | 33,113€ | -9.1% | -10,906€ | -32.9% | 3 | 658€ |
| 144 | Ormaric.Me03739341 · Podgorica | <0.1% | 32,278€ | No filing for 2024. | 714€ | 2.2% | 3 | 703€ |
| 145 | Ingoti02866234 · Herceg Novi | <0.1% | 32,194€ | -15.2% | 459€ | 1.4% | 3 | 678€ |
| 146 | Bon BON&DJ03305937 · Nikšić | <0.1% | 30,511€ | +61.2% | -950€ | -3.1% | 5 | — |
| 147 | Kids Shop03165574 · Pljevlja | <0.1% | 29,952€ | +3.5% | -1,030€ | -3.4% | 2 | 680€ |
| 148 | Rosa Style03175812 · Kotor | <0.1% | 29,804€ | -23.9% | -6,734€ | -22.6% | 3 | 619€ |
| 149 | Story For You03663825 · Podgorica | <0.1% | 29,385€ | +194.2% | 5,935€ | 20.2% | 2 | 540€ |
| 150 | Frida Company03354768 · Herceg Novi | <0.1% | 29,316€ | +3.1% | -5,918€ | -20.2% | 3 | 689€ |