Revenue
0.3% of sector revenue
63 companies earned 24.58m€ in 2025, 0.3% of Trade sector revenue. Revenue has grown 2.5× since 2015.
0.3% of sector revenue
30 with at most one employee
Largest employer: Mil-Pop (142)
Median company -2.2% · 38% 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 63
* 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 | 9,746,798€ | 14 |
| 2016 | 9,843,335€ | 17 |
| 2017 | 10,785,801€ | 22 |
| 2018 | 11,119,605€ | 26 |
| 2019 | 10,883,013€ | 29 |
| 2020 | 8,116,483€ | 30 |
| 2021 | 9,538,744€ | 36 |
| 2022 | 13,435,933€ | 43 |
| 2023 | 17,164,665€ | 58 |
| 2024 | 21,282,800€ | 60 |
| 2025 (Preliminary) | 24,584,326€ | 63 |
The number of companies jumped most in 2023: from 43 to 58.
Employees and payroll cost per employee per month*
23.0% |
| 5,654,895€ |
| +14.9% |
| 1,034,734€ |
| 18.3% |
| 48 |
| 1,121€ |
| 3 | Kaizen Group03345513 · Podgorica | 7.8% | 1,909,504€ | +56.4% | 536,076€ | 28.1% | 5 | 1,536€ |
| 4 | Belodore03359638 · Podgorica | 5.7% | 1,409,466€ | +5.7% | 25,462€ | 1.8% | 11 | 1,277€ |
| 5 | Elle Cosmetics03348130 · Podgorica | 3.4% | 824,991€ | -2.0% | 1,995€ | 0.2% | 15 | 1,113€ |
| 6 | Santis03094839 · Budva | 1.9% | 468,805€ | +22.7% | 1,712€ | 0.4% | 4 | 3,043€ |
| 7 | Šareni Kiosk02672103 · Herceg Novi | 1.5% | 373,690€ | +74.0% | -17,709€ | -4.7% | 5 | 773€ |
| 8 | Pro Sign03224171 · Podgorica | 1.5% | 364,426€ | +14.3% | 955€ | 0.3% | 4 | 1,447€ |
| 9 | Capa Scents03166155 · Podgorica | 1.0% | 251,246€ | +59.6% | 70,442€ | 28.0% | 7 | 923€ |
| 10 | Fenix Group03158063 · Nikšić | 1.0% | 242,062€ | +35.9% | 57,991€ | 24.0% | 1 | 871€ |
| 11 | Vivere Beauty Concept03477703 · Podgorica | 1.0% | 234,625€ | +37.6% | -10,218€ | -4.4% | 6 | 659€ |
| 12 | Immortelle03602354 · Podgorica | 0.8% | 207,265€ | -11.0% | 20,364€ | 9.8% | 4 | 662€ |
| 13 | Tenacity03654133 · Tivat | 0.7% | 174,207€ | +78.6% | 22,162€ | 12.7% | 4 | 751€ |
| 14 | Ozon102815036 · Pljevlja | 0.6% | 156,682€ | +6.8% | 1,450€ | 0.9% | 3 | 1,142€ |
| 15 | Fashion Factory03138941 · Podgorica | 0.6% | 142,353€ | -7.0% | 10,126€ | 7.1% | 3 | 1,018€ |
| 16 | Unitech Log03187837 · Podgorica | 0.6% | 135,846€ | +1,871.9% | -49,921€ | -36.7% | 4 | 970€ |
| 17 | 3V-Vujović02305950 · Nikšić | 0.3% | 80,598€ | +4.8% | -11,680€ | -14.5% | 4 | 676€ |
| 18 | Vodoinstalater Stanić03068439 · Herceg Novi | 0.3% | 80,432€ | +15.9% | 4,114€ | 5.1% | 2 | — |
| 19 | SVS03264661 · Podgorica | 0.3% | 79,515€ | -3.6% | 18,610€ | 23.4% | 2 | 741€ |
| 20 | Adaktar Mne03696740 · Podgorica | 0.2% | 59,009€ | +548.9% | -13,833€ | -23.4% | 4 | 571€ |
| 21 | Boka - Nova Group03428320 · Kotor | 0.2% | 53,485€ | +17.9% | 9,065€ | 16.9% | 3 | 551€ |
| 22 | Mališić Trade03391973 · Berane | 0.2% | 47,885€ | +46.4% | 7,093€ | 14.8% | 2 | 1,176€ |
| 23 | Angel Montenegro03313174 · Cetinje | 0.1% | 26,198€ | +97.6% | 0€ | 0.0% | 1 | 1,678€ |
| 24 | Grooming Montenegro03155897 · Podgorica | 0.1% | 25,290€ | -2.0% | -1,529€ | -6.0% | 1 | 924€ |
| 25 | Dajo-Team03671038 · Pljevlja | 0.1% | 24,702€ | +147.9% | -6,619€ | -26.8% | 3 | 576€ |
| 26 | Jalid02109034 · Herceg Novi | <0.1% | 24,338€ | +12.9% | -8,937€ | -36.7% | 2 | 506€ |
| 27 | MJ Angels Pro03620727 · Podgorica | <0.1% | 23,053€ | +211.4% | 215€ | 0.9% | 1 | 692€ |
| 28 | Hemel Group CG03406822 · Podgorica | <0.1% | 22,388€ | -0.9% | -2,693€ | -12.0% | 2 | 582€ |
| 29 | Sea of Spa03473872 · Budva | <0.1% | 22,080€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,908€ | 63.0% | 1 | 680€ |
| 30 | To Be Mom03485331 · Bar | <0.1% | 21,493€ | +97.9% | -19,463€ | -90.6% | 1 | 1,015€ |
| 31 | Kortik03179842 · Ulcinj | <0.1% | 17,345€ | -49.5% | -18,621€ | -107.4% | 3 | 516€ |
| 32 | BBD Group Companies03592731 · Podgorica | <0.1% | 16,498€ | +5.0% | -33,308€ | -201.9% | 1 | 2,349€ |
| 33 | Glass Skin Montenegro03713202 · Tuzi | <0.1% | 15,941€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,980€ | -12.4% | 1 | 678€ |
| 34 | Gomm02399717 · Podgorica | <0.1% | 15,578€ | +1.0% | -9,859€ | -63.3% | 2 | 422€ |
| 35 | Ignis Group03780236 · Podgorica | <0.1% | 14,265€ | No filing for 2024. | -3,457€ | -24.2% | 1 | 678€ |
| 36 | Rav Company03778266 · Bijelo Polje | <0.1% | 11,599€ | No filing for 2024. | 5,199€ | 44.8% | 1 | 335€ |
| 37 | K-Lab Cosmetic & Beauty03679357 · Budva | <0.1% | 9,830€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,506€ | -279.8% | 2 | 764€ |
| 38 | Povergo03537986 · Cetinje | <0.1% | 9,596€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 587€ | 6.1% | 2 | 370€ |
| 39 | Teodora Company03544931 · Herceg Novi | <0.1% | 8,937€ | -5.6% | -8,142€ | -91.1% | 2 | 423€ |
| 40 | Status Beauty Corner03786323 · Nikšić | <0.1% | 8,631€ | No filing for 2024. | 2,712€ | 31.4% | 2 | — |
| 41 | Miris Raja03438546 · Tivat | <0.1% | 8,350€ | +178.3% | -909€ | -10.9% | 1 | 678€ |
| 42 | S.M.A - Sara02617595 · Bar | <0.1% | 7,674€ | +13.2% | -1,925€ | -25.1% | 1 | 670€ |
| 43 | Kosmo Trade03728463 · Budva | <0.1% | 6,270€ | No filing for 2024. | -2,571€ | -41.0% | 1 | 492€ |
| 44 | Idd Dob02373645 · Podgorica | <0.1% | 4,130€ | -6.7% | -12,646€ | -306.2% | 2 | 435€ |
| 45 | L&B Natural Cosmetics03305988 · Ulcinj | <0.1% | 3,539€ | -77.8% | -8,117€ | -229.4% | 1 | 614€ |
| 46 | Pavetrany Šar03683672 · Budva | <0.1% | 3,055€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,307€ | -337.4% | 1 | 678€ |
| 47 | Tykhe03603270 · Podgorica | <0.1% | 3,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,722€ | -224.1% | 1 | 750€ |
| 48 | Greens02876345 · Nikšić | <0.1% | 2,940€ | -68.8% | 22€ | 0.7% | 1 | — |
| 49 | Natally02643529 · Podgorica | <0.1% | 1,818€ | -24.8% | 357€ | 19.6% | 1 | — |
| 50 | Toskanelo03789527 · Podgorica | <0.1% | 1,016€ | No filing for 2024. | -3,145€ | -309.5% | 2 | — |