Revenue
0.4% of sector revenue
59 companies earned 29.95m€ in 2025, 0.4% of Trade sector revenue. Revenue has grown 11.7× since 2015.
0.4% of sector revenue
23 with at most one employee
Largest employer: Leandro (81)
Median company 2.0% · 46% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Ranked by total revenue · Showing 1–50 of 59
* 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 3 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 | 2,568,366€ | 26 |
| 2016 | 2,921,904€ | 34 |
| 2017 | 4,261,928€ | 45 |
| 2018 | 10,377,153€ | 52 |
| 2019 | 11,853,972€ | 52 |
| 2020 | 7,639,136€ | 54 |
| 2021 | 14,988,965€ | 53 |
| 2022 | 20,998,810€ | 54 |
| 2023 | 23,624,498€ | 57 |
| 2024 | 26,667,143€ | 62 |
| 2025 (Preliminary) | 29,946,284€ | 59 |
The number of companies jumped most in 2017: from 34 to 45.
22.8% |
| 6,819,548€ |
| +11.9% |
| 566,755€ |
| 8.3% |
| 81 |
| 1,266€ |
| 3 | Excelsior03086941 · Tivat | 10.2% | 3,062,885€ | +9.1% | 263,527€ | 8.6% | 6 | 909€ |
| 4 | Dobner03418499 · Tivat | 8.8% | 2,636,199€ | -11.0% | 55,013€ | 2.1% | 5 | 2,213€ |
| 5 | Ulis02230283 · Podgorica | 4.4% | 1,303,271€ | +37.3% | 201,666€ | 15.5% | 14 | 1,017€ |
| 6 | SF1 Clips03341259 · Podgorica | 3.4% | 1,015,729€ | +2.4% | 62,823€ | 6.2% | 6 | 1,115€ |
| 7 | Golden Boys03520161 · Podgorica | 2.6% | 788,724€ | +205.5% | 208,765€ | 26.5% | 7 | 1,254€ |
| 8 | Zuko Trade03166210 · Kotor | 2.4% | 714,360€ | +1.5% | 125,524€ | 17.6% | 8 | 1,474€ |
| 9 | Kerber Gold03783065 · Podgorica | 1.4% | 422,912€ | No filing for 2024. | -12,841€ | -3.0% | 2 | 391€ |
| 10 | Srebrna Magija03112454 · Podgorica | 1.1% | 329,974€ | +16.2% | 41,577€ | 12.6% | 8 | 892€ |
| 11 | Ceklin 102978172 · Budva | 0.9% | 258,711€ | +362.9% | 12,136€ | 4.7% | 3 | 444€ |
| 12 | DM Lords03606619 · Herceg Novi | 0.8% | 253,202€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -53,565€ | -21.2% | 5 | 408€ |
| 13 | Amella02865084 · Tuzi | 0.6% | 190,168€ | +35.4% | 31,812€ | 16.7% | 6 | 819€ |
| 14 | Radičević03057810 · Berane | 0.6% | 169,925€ | +6.2% | -19,911€ | -11.7% | 4 | 2,379€ |
| 15 | Store Montenegro03322955 · Podgorica | 0.6% | 168,344€ | -18.5% | 8,704€ | 5.2% | 11 | 542€ |
| 16 | Mučić - Company02635399 · Podgorica | 0.4% | 131,265€ | -13.9% | 9,876€ | 7.5% | 5 | 804€ |
| 17 | Chrono Group02384698 · Bar | 0.4% | 119,182€ | -5.6% | 7,830€ | 6.6% | 3 | 851€ |
| 18 | M&M Jewelry02959291 · Kotor | 0.4% | 112,540€ | +12.0% | 27,128€ | 24.1% | 2 | 1,339€ |
| 19 | Montelara03126439 · Kotor | 0.3% | 103,448€ | +3.2% | 15,338€ | 14.8% | 3 | 704€ |
| 20 | Zlatara Robi03074404 · Podgorica | 0.3% | 96,444€ | +38.2% | 15,178€ | 15.7% | 3 | 666€ |
| 21 | Iguana International03205169 · Bar | 0.3% | 89,953€ | -19.7% | -79,764€ | -88.7% | 4 | 556€ |
| 22 | Luxist02706385 · Ulcinj | 0.3% | 88,487€ | +28.1% | 25,177€ | 28.5% | 3 | 649€ |
| 23 | Momentum-BP03759881 · Bijelo Polje | 0.3% | 87,909€ | No filing for 2024. | -12,299€ | -14.0% | 4 | 316€ |
| 24 | Onix Folić02909260 · Berane | 0.3% | 81,247€ | -4.5% | -135€ | -0.2% | 5 | 840€ |
| 25 | G-Investment03092496 · Bar | 0.3% | 80,389€ | -43.7% | 113€ | 0.1% | 3 | 444€ |
| 26 | Casio02917050 · Rožaje | 0.2% | 52,108€ | -3.6% | -2,537€ | -4.9% | 4 | 1,113€ |
| 27 | Art Story03179893 · Bijelo Polje | 0.2% | 50,043€ | +20.6% | 1,169€ | 2.3% | 3 | 679€ |
| 28 | Srebrna Nit03626784 · Podgorica | 0.1% | 42,996€ | +40.4% | -1,582€ | -3.7% | 3 | 754€ |
| 29 | Zlatara Stefan02908859 · Herceg Novi | 0.1% | 39,881€ | -9.6% | 6,749€ | 16.9% | 2 | 678€ |
| 30 | Zlatara Toni03662314 · Budva | 0.1% | 36,633€ | +145.2% | 16,505€ | 45.1% | 1 | 821€ |
| 31 | Zlatara Cirkon02908824 · Herceg Novi | 0.1% | 31,912€ | +9.9% | 7,331€ | 23.0% | 2 | 509€ |
| 32 | Bešlić03379248 · Podgorica | <0.1% | 28,586€ | +9.8% | -2,200€ | -7.7% | 3 | 626€ |
| 33 | Murić Company02814838 · Rožaje | <0.1% | 24,821€ | +130.6% | -7,354€ | -29.6% | 2 | 1,008€ |
| 34 | Domnik F&D02966000 · Podgorica | <0.1% | 24,242€ | +24.8% | -25,604€ | -105.6% | 3 | 338€ |
| 35 | Diadem Montenegro03220907 · Podgorica | <0.1% | 21,686€ | +4.7% | 2,568€ | 11.8% | 1 | 825€ |
| 36 | Časovničar Centar03755665 · Podgorica | <0.1% | 18,287€ | No filing for 2024. | 421€ | 2.3% | 2 | 454€ |
| 37 | Kerber Tours03076229 · Podgorica | <0.1% | 15,147€ | +142.7% | -7,115€ | -47.0% | 1 | 1,373€ |
| 38 | Gabby02750627 · Herceg Novi | <0.1% | 11,686€ | +16.3% | -3,978€ | -34.0% | 1 | 678€ |
| 39 | Manni03039102 · Budva | <0.1% | 11,205€ | +48.4% | -11,645€ | -103.9% | 1 | 721€ |
| 40 | Perla - M02983079 · Bar | <0.1% | 10,348€ | -52.9% | -10,064€ | -97.3% | 1 | 1,385€ |
| 41 | Alisa Bijoux03384721 · Herceg Novi | <0.1% | 9,171€ | -12.4% | -8,454€ | -92.2% | 1 | 725€ |
| 42 | Iris.Co03109348 · Bijelo Polje | <0.1% | 7,301€ | +258.9% | -8,644€ | -118.4% | 2 | 500€ |
| 43 | Onyx F&R03235106 · Budva | <0.1% | 6,265€ | +30.8% | 101€ | 1.6% | 3 | — |
| 44 | Goldenrich Montenegro03409775 · Kotor | <0.1% | 2,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,088€ | -920.3% | 1 | 675€ |
| 45 | Au 79 LL03683982 · Cetinje | <0.1% | 2,050€ | +56.5% | 40€ | 2.0% | 1 | — |
| 46 | Dukat Company02909626 · Berane | <0.1% | 1,876€ | -24.1% | -347€ | -18.5% | 1 | — |
| 47 | Nadem03040771 · Budva | <0.1% | 257€ | -93.6% | -3,142€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 48 | Ramila03129519 · Budva | <0.1% | 220€ | +21,900.0% | -13,161€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 49 | JMC03077365 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 50 | Kosmia Jewelry03694143 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,162€ | — | 1 | 847€ |