Revenue
1.0% of Montenegro's revenue
770 companies earned 172.55m€ in 2025, 1.0% of all company revenue in Montenegro. It ranks 15 of 25 municipalities by revenue. Revenue has grown 4.0× since 2015.
1.0% of Montenegro's revenue
31.2 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno (144)
Total profit: 21.20m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 43,307,747€ | 288 |
| 2016 | 51,510,334€ | 298 |
| 2017 | 58,257,954€ | 331 |
| 2018 | 65,597,412€ | 348 |
| 2019 | 70,086,655€ | 386 |
| 2020 | 64,217,326€ | 423 |
| 2021 | 75,717,783€ | 473 |
| 2022 | 98,924,593€ | 507 |
| 2023 | 114,844,924€ | 536 |
| 2024 | 131,402,466€ | 644 |
| 2025 (Preliminary) | 172,552,146€ | 770 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 92
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Studio 198503498778 · Hospitality | 0.4% | 648,398€ | +37.2% | 80,264€ | 12.4% | 20 | 876€ |
| 2 | Elitemontenegro03037177 · Hospitality | 0.3% | 582,031€ | -1.6% | 49,565€ | 8.5% | 9 | 1,999€ |
| 3 | Luka's In02830744 · Hospitality | 0.3% | 455,262€ | +19.5% | 69,636€ | 15.3% | 9 | 1,146€ |
| 4 | W-Prom02807742 · Hospitality | 0.2% | 328,476€ | +11.4% | 28,107€ | 8.6% | 9 | 691€ |
| 5 | Staxe03202682 · Hospitality | 0.2% | 305,856€ | +22.6% | 6,217€ | 2.0% | 11 | 753€ |
| 6 | O.S.I.02431661 · Hospitality | 0.2% | 303,419€ | +25.8% | -15,437€ | -5.1% | 10 | 1,129€ |
| 7 | Lutovac Limited03071529 · Hospitality | 0.2% | 275,988€ | +58.7% | 73,191€ | 26.5% | 4 | 1,133€ |
| 8 | B&B Berane03708403 · Hospitality | 0.1% | 230,687€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,603€ | 1.1% | 5 | 1,358€ |
| 9 | Carlo M03382281 · Hospitality | 0.1% | 182,938€ | -0.1% | -9,836€ | -5.4% | 10 | 577€ |
| 10 | VUK&CO.LTD02833026 · Hospitality | 0.1% | 182,095€ | +8.4% | 5,077€ | 2.8% | 7 | 913€ |
| 11 | Elite03360814 · Hospitality | 0.1% | 175,119€ | +2.0% | -1,702€ | -1.0% | 3 | 565€ |
| 12 | Marks03301087 · Hospitality | <0.1% | 166,569€ | -1.7% | -7,189€ | -4.3% | 5 | 1,281€ |
| 13 | Salute03336271 · Hospitality | <0.1% | 147,828€ | -2.3% | 47,908€ | 32.4% | 3 | 1,512€ |
| 14 | MM Sistems02431823 · Hospitality | <0.1% | 126,611€ | +8.8% | 33,890€ | 26.8% | 4 | 1,259€ |
| 15 | Video03031721 · Hospitality | <0.1% | 122,714€ | +26.8% | 9,994€ | 8.1% | 5 | 1,024€ |
| 16 | Hotel S03356795 · Hospitality | <0.1% | 122,388€ | +6.6% | 8,574€ | 7.0% | 5 | 924€ |
| 17 | Balević M&M03367584 · Hospitality | <0.1% | 112,908€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,905€ | -25.6% | 5 | 1,009€ |
| 18 | Julia's-Nest03460215 · Hospitality | <0.1% | 104,291€ | -20.5% | -36,973€ | -35.5% | 7 | 1,210€ |
| 19 | Maša S03167097 · Hospitality | <0.1% | 99,597€ | +17.4% | 5,326€ | 5.3% | 3 | 731€ |
| 20 | Pešca Plus03100707 · Hospitality | <0.1% | 92,979€ | +36.2% | 14,745€ | 15.9% | 2 | 1,589€ |
| 21 | Lubnice-Komerc02142503 · Hospitality | <0.1% | 89,462€ | +51.3% | 6,624€ | 7.4% | 2 | 679€ |
| 22 | Motel Port03308316 · Hospitality | <0.1% | 88,699€ | -36.2% | 5,519€ | 6.2% | 4 | 514€ |
| 23 | Park Tri03081176 · Hospitality | <0.1% | 87,966€ | +26.6% | -21,529€ | -24.5% | 6 | 1,287€ |
| 24 | Evropa Lux03120422 · Hospitality | <0.1% | 81,758€ | -57.8% | -12,796€ | -15.7% | 4 | 1,224€ |
| 25 | I&R Company03132684 · Hospitality | <0.1% | 81,177€ | -2.2% | 2,624€ | 3.2% | 9 | 367€ |
| 26 | Krljice03294935 · Hospitality | <0.1% | 80,557€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,125€ | 11.3% | 3 | 619€ |
| 27 | Lokve-Berane03312631 · Hospitality | <0.1% | 78,764€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,967€ | -36.8% | 3 | 1,885€ |
| 28 | Slavija Tours03105695 · Hospitality | <0.1% | 76,573€ | +54.4% | 4,423€ | 5.8% | 3 | 675€ |
| 29 | Novi Ambiente03625095 · Hospitality | <0.1% | 74,745€ | +258.5% | -4,822€ | -6.5% | 4 | 1,243€ |
| 30 | Ravni KRŠ - Co03304744 · Hospitality | <0.1% | 74,492€ | +41.0% | 1,000€ | 1.3% | 2 | 2,544€ |
| 31 | ZR03296504 · Hospitality | <0.1% | 73,686€ | +3.6% | -3,181€ | -4.3% | 5 | 806€ |
| 32 | Tag Pub03234886 · Hospitality | <0.1% | 68,762€ | +152.3% | -15,010€ | -21.8% | 4 | 1,088€ |
| 33 | Follow Montenegro03112896 · Hospitality | <0.1% | 67,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,416€ | -26.0% | 5 | 965€ |
| 34 | Sanami03195350 · Hospitality | <0.1% | 65,714€ | +26.2% | 7,034€ | 10.7% | 2 | 1,089€ |
| 35 | Gagaco02914573 · Hospitality | <0.1% | 63,308€ | -22.8% | -14,795€ | -23.4% | 3 | 1,940€ |
| 36 | Simovic G & J03066037 · Hospitality | <0.1% | 60,428€ | +2.3% | -696€ | -1.2% | 3 | 989€ |
| 37 | Brick House03166309 · Hospitality | <0.1% | 59,955€ | +22.0% | 4,114€ | 6.9% | 2 | 1,781€ |
| 38 | Filin.G.03603644 · Hospitality | <0.1% | 58,693€ | +108.0% | 7,541€ | 12.8% | 2 | 2,012€ |
| 39 | Tina-TB03640736 · Hospitality | <0.1% | 54,935€ | +58.4% | 5,075€ | 9.2% | 4 | 625€ |
| 40 | Monte Min03227936 · Hospitality | <0.1% | 50,676€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,144€ | -14.1% | 2 | 1,254€ |
| 41 | V&M Vul03129225 · Hospitality | <0.1% | 48,960€ | +7.8% | 2,281€ | 4.7% | 2 | 1,422€ |
| 42 | Marabu03537277 · Hospitality | <0.1% | 43,679€ | -11.2% | 624€ | 1.4% | 1 | 2,050€ |
| 43 | Le Padrino 200003661784 · Hospitality | <0.1% | 39,190€ | +262.8% | 5,012€ | 12.8% | 3 | 605€ |
| 44 | Rale Grmeč03161048 · Hospitality | <0.1% | 38,151€ | -9.6% | 475€ | 1.2% | 3 | 820€ |
| 45 | Pausa Lounge Caffe Bar03471284 · Hospitality | <0.1% | 36,345€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,966€ | 19.2% | 1 | 1,058€ |
| 46 | Team Gruda03336735 · Hospitality | <0.1% | 36,009€ | +7.7% | 31€ | 0.1% | 2 | 1,254€ |
| 47 | Marković M&M03698696 · Hospitality | <0.1% | 35,649€ | +1,007.5% | 2,975€ | 8.3% | 1 | 1,543€ |
| 48 | Krčma Lugovi03766845 · Hospitality | <0.1% | 35,017€ | No filing for 2024. | -13,223€ | -37.8% | 4 | 549€ |
| 49 | Legacy Company03731081 · Hospitality | <0.1% | 33,300€ | No filing for 2024. | -12,544€ | -37.7% | 3 | 889€ |
| 50 | Povratak03770168 · Hospitality | <0.1% | 33,063€ | No filing for 2024. | 1,435€ | 4.3% | 2 | 618€ |