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 1–50 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*
20.2% |
| 29,740,798€ |
| +7.0% |
| 1,692,551€ |
| 5.7% |
| 339 |
| 1,039€ |
| 3 | New Yorker Montenegro02778343 · Podgorica | 9.0% | 13,280,234€ | +20.3% | 2,846,818€ | 21.4% | 88 | 1,079€ |
| 4 | Via Paradiso02299399 · Podgorica | 6.1% | 8,941,107€ | +9.8% | 328,780€ | 3.7% | 106 | 1,366€ |
| 5 | Luxor02328941 · Nikšić | 3.2% | 4,660,764€ | +10.9% | 504,661€ | 10.8% | 44 | 1,030€ |
| 6 | Fashion Porto02654105 · Tivat | 3.1% | 4,531,856€ | -7.2% | 188,407€ | 4.2% | 24 | 1,969€ |
| 7 | Radona-Trade02208962 · Budva | 2.8% | 4,191,239€ | -0.5% | 554,568€ | 13.2% | 49 | 1,301€ |
| 8 | PS Fashion02394391 · Podgorica | 2.1% | 3,138,483€ | +26.3% | 257,926€ | 8.2% | 28 | 939€ |
| 9 | Legend CG02747260 · Podgorica | 1.8% | 2,628,848€ | +14.1% | 248,202€ | 9.4% | 26 | 1,256€ |
| 10 | Olympus-Finance Group03016897 · Herceg Novi | 1.6% | 2,315,371€ | +81.3% | 54,457€ | 2.4% | 14 | 771€ |
| 11 | Mona CG02642972 · Podgorica | 1.6% | 2,297,563€ | +2.0% | 95,187€ | 4.1% | 13 | 945€ |
| 12 | Defacto Montenegro03371352 · Podgorica | 1.1% | 1,606,290€ | +8.1% | 41,124€ | 2.6% | 24 | 762€ |
| 13 | Kvantum Sport Ua03354512 · Podgorica | 0.8% | 1,173,364€ | +31.6% | 279,059€ | 23.8% | 8 | 1,056€ |
| 14 | Univerzal Metal 103031519 · Tuzi | 0.8% | 1,115,624€ | +2.9% | 294,053€ | 26.4% | 12 | 1,051€ |
| 15 | Gold M02865823 · Podgorica | 0.7% | 1,101,458€ | +222.7% | 29,759€ | 2.7% | 7 | 1,194€ |
| 16 | Kids Beba Montenegro03161862 · Podgorica | 0.7% | 1,037,993€ | +12.1% | 12,877€ | 1.2% | 16 | 1,123€ |
| 17 | Porat Mali03304973 · Tivat | 0.6% | 916,397€ | +4.6% | 26,534€ | 2.9% | 12 | 937€ |
| 18 | Pawel Sport03012514 · Podgorica | 0.6% | 870,824€ | +21.6% | -76,436€ | -8.8% | 14 | 804€ |
| 19 | Barbolini02964473 · Podgorica | 0.6% | 869,732€ | +15.0% | 250,668€ | 28.8% | 5 | 1,056€ |
| 20 | Montana 199302716500 · Bijelo Polje | 0.6% | 851,935€ | +12.7% | 566€ | 0.1% | 28 | 668€ |
| 21 | Fibola02865467 · Nikšić | 0.5% | 798,703€ | +24.9% | 102,711€ | 12.9% | 10 | 768€ |
| 22 | Linea Italiana03188574 · Herceg Novi | 0.5% | 749,063€ | +5.3% | 87,452€ | 11.7% | 7 | 1,463€ |
| 23 | MLV Berać02925770 · Tivat | 0.4% | 643,061€ | +61.2% | 48,208€ | 7.5% | 9 | 815€ |
| 24 | Gomi Mont02386909 · Bar | 0.4% | 604,356€ | -2.5% | -106,644€ | -17.6% | 10 | 742€ |
| 25 | Jeknić02728176 · Podgorica | 0.4% | 579,893€ | +7.2% | 45,208€ | 7.8% | 9 | 1,077€ |
| 26 | Panorama Moda03061205 · Podgorica | 0.4% | 529,643€ | +1.1% | 16,619€ | 3.1% | 6 | 1,744€ |
| 27 | Leader Kids03222080 · Danilovgrad | 0.4% | 519,909€ | -6.4% | -51,761€ | -10.0% | 10 | 857€ |
| 28 | Ismar - Emma Co03085848 · Bar | 0.4% | 518,011€ | +4.7% | 7,563€ | 1.5% | 10 | 584€ |
| 29 | BB Fashion Company03114490 · Podgorica | 0.3% | 476,719€ | +57.6% | 43,986€ | 9.2% | 3 | 1,302€ |
| 30 | M.P.Marketing02045729 · Podgorica | 0.3% | 464,285€ | -18.1% | 67,698€ | 14.6% | 6 | 1,032€ |
| 31 | Društvo za Trgovinu i Zastupanje Retail Group Balkans02959755 · Podgorica | 0.3% | 426,317€ | +12.5% | 5,413€ | 1.3% | 7 | 876€ |
| 32 | Vic Fil02223783 · Kotor | 0.3% | 418,278€ | -17.3% | 20,934€ | 5.0% | 15 | 941€ |
| 33 | Napa Trade02884445 · Bar | 0.3% | 380,554€ | +29.0% | 21,299€ | 5.6% | 4 | 834€ |
| 34 | Tian Style03221270 · Podgorica | 0.2% | 365,604€ | +2.5% | 29,238€ | 8.0% | 5 | 997€ |
| 35 | Moderna02716135 · Rožaje | 0.2% | 308,822€ | +20.5% | 28,549€ | 9.2% | 10 | 1,113€ |
| 36 | Tudors Montenegro03012565 · Podgorica | 0.2% | 300,295€ | -18.3% | 553€ | 0.2% | 3 | 1,670€ |
| 37 | BJP Trade03073424 · Podgorica | 0.2% | 300,000€ | +40.5% | 7,078€ | 2.4% | 8 | 1,150€ |
| 38 | Rex Commerce02085615 · Podgorica | 0.2% | 298,942€ | +11.1% | 14,817€ | 5.0% | 10 | 918€ |
| 39 | Orović Company02838117 · Danilovgrad | 0.2% | 289,444€ | +89.7% | 26,455€ | 9.1% | 8 | 594€ |
| 40 | Merter03094022 · Herceg Novi | 0.2% | 286,628€ | +17.2% | 4,789€ | 1.7% | 9 | 640€ |
| 41 | Vlakash03304809 · Bijelo Polje | 0.2% | 278,321€ | +708.7% | 32,605€ | 11.7% | 8 | 1,184€ |
| 42 | Dadi S02849054 · Bijelo Polje | 0.2% | 273,629€ | -26.1% | 8,343€ | 3.0% | 4 | 1,168€ |
| 43 | Brajović Tex03177947 · Podgorica | 0.2% | 243,314€ | -31.2% | 17,392€ | 7.1% | 5 | 819€ |
| 44 | George & Friends02958171 · Podgorica | 0.2% | 235,330€ | +16.4% | 32€ | 0.0% | 4 | 1,203€ |
| 45 | Liberty02941651 · Podgorica | 0.2% | 233,961€ | -6.8% | 4,987€ | 2.1% | 8 | 730€ |
| 46 | Oceano Group02835797 · Tivat | 0.2% | 226,000€ | -67.3% | 13,079€ | 5.8% | 3 | 1,238€ |
| 47 | Tajeti Komerc02151251 · Tivat | 0.2% | 223,891€ | +12.0% | 15,314€ | 6.8% | 8 | 1,028€ |
| 48 | Koka CS03279120 · Nikšić | 0.1% | 210,165€ | +60.8% | 16,116€ | 7.7% | 5 | 982€ |
| 49 | Bali03092003 · Herceg Novi | 0.1% | 209,414€ | +65.1% | 7,015€ | 3.3% | 4 | 2,135€ |
| 50 | Denn03122379 · Podgorica | 0.1% | 208,415€ | -52.9% | 59,529€ | 28.6% | 4 | 360€ |