Revenue
0.7% of sector revenue
272 companies earned 53.80m€ in 2025, 0.7% of Trade sector revenue. Revenue has grown 3.0× since 2015.
0.7% of sector revenue
134 with at most one employee
Largest employer: Kuća Hemije (160)
Median company 1.4% · 41% 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 272
* 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 9 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 | 17,914,838€ | 146 |
| 2016 | 20,939,807€ | 149 |
| 2017 | 22,228,379€ | 163 |
| 2018 | 22,032,559€ | 182 |
| 2019 | 23,947,413€ | 181 |
| 2020 | 20,809,445€ | 184 |
| 2021 | 24,265,796€ | 192 |
| 2022 | 31,751,776€ | 223 |
| 2023 | 39,268,125€ | 267 |
| 2024 | 45,703,410€ | 285 |
| 2025 (Preliminary) | 53,803,426€ | 272 |
Employees and payroll cost per employee per month*
5.1% |
| 2,758,663€ |
| +10.1% |
| 188,345€ |
| 6.8% |
| 7 |
| 1,832€ |
| 3 | Zidd Commerce02804433 · Bar | 4.5% | 2,421,989€ | +21.7% | 327,949€ | 13.5% | 5 | 1,146€ |
| 4 | Time +02426226 · Podgorica | 3.3% | 1,763,550€ | +14.1% | 206,966€ | 11.7% | 26 | 516€ |
| 5 | Score03359077 · Podgorica | 3.0% | 1,610,591€ | +17.6% | 70,094€ | 4.4% | 12 | 1,400€ |
| 6 | RR Commerce02699249 · Podgorica | 2.6% | 1,415,498€ | +1.9% | 101,195€ | 7.1% | 29 | 951€ |
| 7 | Cubico02696339 · Podgorica | 2.5% | 1,371,526€ | +39.5% | 97,061€ | 7.1% | 8 | 1,825€ |
| 8 | Exclusive Mobile02679035 · Podgorica | 2.2% | 1,175,791€ | +30.2% | 45,430€ | 3.9% | 28 | 693€ |
| 9 | Bojić-Nikšić02875322 · Nikšić | 1.8% | 950,515€ | +15.6% | 24,922€ | 2.6% | 6 | 727€ |
| 10 | Eltec02461919 · Ulcinj | 1.7% | 927,420€ | +12.1% | 102,089€ | 11.0% | 4 | 1,407€ |
| 11 | PŽ Lucky02335026 · Nikšić | 1.6% | 848,335€ | +1.3% | 199,014€ | 23.5% | 10 | 1,278€ |
| 12 | S.O. Group02676079 · Budva | 1.5% | 811,722€ | +27.4% | 144,139€ | 17.8% | 10 | 1,123€ |
| 13 | Diopta03683486 · Podgorica | 1.5% | 796,585€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 141,647€ | 17.8% | 18 | 795€ |
| 14 | Oko02384817 · Podgorica | 1.4% | 729,497€ | +9.1% | 82,000€ | 11.2% | 20 | 705€ |
| 15 | Provizion03131840 · Budva | 1.4% | 729,002€ | -6.3% | 88,514€ | 12.1% | 14 | 823€ |
| 16 | Meriem02967367 · Podgorica | 1.2% | 672,507€ | +3.9% | 46,447€ | 6.9% | 7 | 672€ |
| 17 | Centralmont03106179 · Tivat | 1.2% | 651,942€ | +138.6% | 31,041€ | 4.8% | 3 | 2,373€ |
| 18 | Shine Company03056660 · Podgorica | 1.1% | 598,319€ | +20.7% | 112,348€ | 18.8% | 13 | 892€ |
| 19 | Cappetano02783827 · Tivat | 1.0% | 532,239€ | +9.6% | 3,524€ | 0.7% | 3 | 938€ |
| 20 | Aquatech Vision03452336 · Ulcinj | 0.9% | 509,011€ | +50.7% | 162,438€ | 31.9% | 3 | 1,941€ |
| 21 | Astra Trade03005801 · Budva | 0.9% | 480,567€ | -9.1% | 75,515€ | 15.7% | 6 | 1,155€ |
| 22 | Montenegro Spirit03347141 · Kotor | 0.9% | 479,450€ | +187.3% | 39,658€ | 8.3% | 5 | 1,412€ |
| 23 | Očs Kuburić Ii03044980 · Herceg Novi | 0.9% | 462,526€ | +17.1% | 41,923€ | 9.1% | 9 | 1,135€ |
| 24 | K Universal02624796 · Bar | 0.8% | 416,340€ | -1.3% | -11,085€ | -2.7% | 5 | 681€ |
| 25 | VMB Dedić02357275 · Podgorica | 0.8% | 405,439€ | +12.9% | 10,294€ | 2.5% | 5 | 673€ |
| 26 | Optika Jovović 102741750 · Podgorica | 0.7% | 401,269€ | -1.0% | 18,075€ | 4.5% | 10 | 868€ |
| 27 | Connect Mobile03052818 · Podgorica | 0.7% | 394,508€ | +153.8% | 28,381€ | 7.2% | 10 | 467€ |
| 28 | Lux Promet02459981 · Podgorica | 0.7% | 353,715€ | +10.7% | 97€ | 0.0% | 3 | 545€ |
| 29 | Optiplaza03133133 · Kotor | 0.6% | 334,653€ | -1.0% | 37,603€ | 11.2% | 5 | 987€ |
| 30 | Montenegro Art02620898 · Budva | 0.6% | 321,961€ | -3.8% | 4,633€ | 1.4% | 10 | 660€ |
| 31 | GP Yachts Adriatic03657175 · Herceg Novi | 0.6% | 321,738€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 34,234€ | 10.6% | 1 | 1,015€ |
| 32 | Očs Kuburić02864819 · Herceg Novi | 0.6% | 306,742€ | +12.3% | 27,932€ | 9.1% | 8 | 725€ |
| 33 | Fidelio Optic03514790 · Tivat | 0.6% | 297,068€ | +8.0% | 55,444€ | 18.7% | 4 | 719€ |
| 34 | Alfa Investment03584887 · Budva | 0.5% | 295,440€ | +158.7% | -16,000€ | -5.4% | 5 | 1,425€ |
| 35 | Optika Zarić02733307 · Tivat | 0.5% | 247,666€ | +46.8% | 44,772€ | 18.1% | 6 | 750€ |
| 36 | Polydec-Montenegro02454378 · Podgorica | 0.5% | 244,267€ | +5.1% | 4,138€ | 1.7% | 2 | 1,504€ |
| 37 | La Monte02967189 · Budva | 0.4% | 233,450€ | +35.7% | 59,116€ | 25.3% | 3 | 808€ |
| 38 | Pro Mare02747561 · Budva | 0.4% | 228,695€ | +4.1% | 16,648€ | 7.3% | 3 | 1,034€ |
| 39 | Nikšićanka02284766 · Nikšić | 0.4% | 226,776€ | +15.3% | -133,847€ | -59.0% | 6 | 990€ |
| 40 | Shine Optic03390128 · Tivat | 0.4% | 219,973€ | -20.5% | 16,988€ | 7.7% | 3 | 1,687€ |
| 41 | Mobileland Accessories02938529 · Kotor | 0.4% | 211,748€ | -21.2% | 22,268€ | 10.5% | 8 | 815€ |
| 42 | Zenith Strategies03615456 · Budva | 0.4% | 206,960€ | +175.9% | 69,766€ | 33.7% | 15 | 745€ |
| 43 | Montenegro DNG03155064 · Podgorica | 0.4% | 199,698€ | -24.0% | 2,804€ | 1.4% | 3 | 758€ |
| 44 | Mis02347571 · Tivat | 0.4% | 195,650€ | -5.3% | 867€ | 0.4% | 4 | 1,071€ |
| 45 | Lens Commerce02330555 · Podgorica | 0.4% | 190,834€ | +4.3% | 36,592€ | 19.2% | 5 | 501€ |
| 46 | Red & White Company03614603 · Kotor | 0.3% | 188,168€ | +64.4% | 98,494€ | 52.3% | 3 | 991€ |
| 47 | Optika Dino03355098 · Bar | 0.3% | 175,960€ | +4.2% | 17,678€ | 10.0% | 5 | 979€ |
| 48 | Gewdan03538630 · Budva | 0.3% | 165,903€ | +62.1% | -24,037€ | -14.5% | 1 | 1,295€ |
| 49 | Crown-S02766558 · Bijelo Polje | 0.3% | 164,940€ | +18.0% | 22,817€ | 13.8% | 4 | 833€ |
| 50 | Optika Lazarević03472671 · Bar | 0.3% | 161,469€ | +19.0% | 27,067€ | 16.8% | 5 | 859€ |