Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
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 451–500 of 789
* 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* |
|---|
| 451 | Ofuma03552403 · Hospitality | <0.1% | 6,135€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,030€ | -98.3% | 1 | 926€ |
| 452 | Kumarica03465691 · Hospitality | <0.1% | 6,109€ | -82.4% | -11,573€ | -189.4% | 2 | 480€ |
| 453 | Gajeta03091201 · Hospitality | <0.1% | 5,562€ | -98.0% | -16,372€ | -294.4% | 3 | 563€ |
| 454 | Apriori Consulting03307107 · Hospitality | <0.1% | 5,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,548€ | -64.5% | 1 | 335€ |
| 455 | Perlastr Group and Trading03699510 · Hospitality | <0.1% | 5,000€ | No filing for 2024. | -2,642€ | -52.8% | 1 | 621€ |
| 456 | D S Tajna03806677 · Hospitality | <0.1% | 4,642€ | No filing for 2024. | 1,551€ | 33.4% | 1 | — |
| 457 | Darma Lux02999773 · Hospitality | <0.1% | 4,631€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,576€ | -617.1% | 1 | 338€ |
| 458 | Moja Plava03552187 · Hospitality | <0.1% | 4,284€ | -70.1% | -8,433€ | -196.8% | 1 | 677€ |
| 459 | Adriatic Management Company02911060 · Hospitality | <0.1% | 4,139€ | +592.1% | -7,589€ | -183.4% | 2 | — |
| 460 | Petra Damira03492206 · Hospitality | <0.1% | 4,075€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,638€ | -162.9% | 1 | 700€ |
| 461 | Nega-Tours Montenegro02399369 · Hospitality | <0.1% | 4,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -76,440€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 462 | Božena03670546 · Hospitality | <0.1% | 3,908€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,071€ | -53.0% | 1 | — |
| 463 | Nexis03405001 · Hospitality | <0.1% | 3,757€ | -82.4% | -80,029€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 464 | Martvort03245926 · Hospitality | <0.1% | 3,605€ | +25,650.0% | -9,503€ | -263.6% | 1 | 677€ |
| 465 | Imt SKY Resort03240274 · Hospitality | <0.1% | 3,600€ | -58.5% | -4,575€ | -127.1% | 1 | 338€ |
| 466 | Paul&Guests03704947 · Hospitality | <0.1% | 3,535€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,269€ | -205.6% | 1 | 658€ |
| 467 | Toljić02641895 · Hospitality | <0.1% | 2,841€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,910€ | -67.2% | 1 | 335€ |
| 468 | Smokva Bay Resort03280250 · Hospitality | <0.1% | 2,600€ | -73.0% | -6,620€ | -254.6% | 1 | 680€ |
| 469 | Adriatico Company02383110 · Hospitality | <0.1% | 2,520€ | -91.4% | -75,380€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 450€ |
| 470 | E Bianchina Holdings03533999 · Hospitality | <0.1% | 2,480€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,787€ | -233.3% | 1 | 678€ |
| 471 | Menead Tourism03433897 · Hospitality | <0.1% | 2,400€ | +2,723.5% | -17,334€ | -722.3% | 2 | 675€ |
| 472 | Alp-Cengiz03577236 · Hospitality | <0.1% | 2,392€ | -43.5% | -23,669€ | -989.5% | 1 | 901€ |
| 473 | True Partners03572595 · Hospitality | <0.1% | 2,200€ | +2,144.9% | -7,097€ | -322.6% | 1 | 677€ |
| 474 | Dogan-Turizm03585344 · Hospitality | <0.1% | 2,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,096€ | -576.0% | 1 | 670€ |
| 475 | Allianz Kapital02650606 · Hospitality | <0.1% | 2,089€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,831€ | -757.8% | 1 | 590€ |
| 476 | Kod Iva & Co03164799 · Hospitality | <0.1% | 1,932€ | -32.8% | -4,527€ | -234.3% | 1 | 337€ |
| 477 | Montenegro Leisure03693295 · Hospitality | <0.1% | 1,816€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,717€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 478 | Mediterranean Ark03202348 · Hospitality | <0.1% | 1,766€ | -58.8% | -11,268€ | -638.1% | 2 | 479€ |
| 479 | YLMZ Erbn03639410 · Hospitality | <0.1% | 1,560€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,992€ | -640.5% | 1 | 670€ |
| 480 | SJR3 Chalets03633420 · Hospitality | <0.1% | 1,400€ | +8,135.3% | -86,100€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 352€ |
| 481 | Man02773694 · Hospitality | <0.1% | 1,288€ | -15.3% | -17,512€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 637€ |
| 482 | Atropatena03772918 · Hospitality | <0.1% | 1,192€ | No filing for 2024. | -12,278€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | — |
| 483 | Town Center Group03590682 · Hospitality | <0.1% | 1,095€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,548€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 693€ |
| 484 | Budvanka Vila02752263 · Hospitality | <0.1% | 1,000€ | -57.4% | -1,906€ | -190.6% | 1 | — |
| 485 | Novidia03228053 · Hospitality | <0.1% | 933€ | -90.2% | -29,565€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 486 | Seven Holidays03240282 · Hospitality | <0.1% | 900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,683€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 487 | Newborn Hostel03761550 · Hospitality | <0.1% | 819€ | No filing for 2024. | -4,499€ | -549.3% | 0 | — |
| 488 | Megathrive03630706 · Hospitality | <0.1% | 659€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,941€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 2,597€ |
| 489 | Cooling and Heating02973065 · Hospitality | <0.1% | 496€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,691€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 490 | Pro-Aqua Montenegro02423022 · Hospitality | <0.1% | 441€ | -99.9% | -14,867€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 456€ |
| 491 | Cvijović Limited Društvo za Proizvodnju, Promet i Usluge Export-Import03424359 · Hospitality | <0.1% | 437€ | -98.5% | -4,181€ | -956.8% | 1 | — |
| 492 | Arel Tourism Trade03264653 · Hospitality | <0.1% | 402€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,634€ | -406.5% | 1 | — |
| 493 | Brzulović03088316 · Hospitality | <0.1% | 363€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,730€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 494 | Centelux - Montenegro02427893 · Hospitality | <0.1% | 350€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,628€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 495 | F Corporation02766167 · Hospitality | <0.1% | 272€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -70,943€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 509€ |
| 496 | Dream House Club03611485 · Hospitality | <0.1% | 269€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,933€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 675€ |
| 497 | Europe - Travel02055775 · Hospitality | <0.1% | 247€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,349€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,085€ |
| 498 | D&D Kardesler03519066 · Hospitality | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,487€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,082€ |
| 499 | Langust02418851 · Hospitality | <0.1% | 106€ | -100.0% | -85,256€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 5 | 1,095€ |
| 500 | Phoenix Co03072908 · Hospitality | <0.1% | 56€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,679€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 808€ |