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 5,552
* 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 | Del Mar02457024 · Manufacturing | <0.1% | 339,325€ | +2,605.9% | 5,215€ | 1.5% | 1 | — |
| 452 | Old Town Invest Group02638533 · Real estate | <0.1% | 338,843€ | +191.4% | 45,009€ | 13.3% | 2 | 666€ |
| 453 | Bungee Beach Budva Mne03147851 · Trade | <0.1% | 337,711€ | -30.6% | 21,272€ | 6.3% | 2 | 1,237€ |
| 454 | Amon Express02260387 · Administrative services | <0.1% | 335,539€ | +15.2% | 114,013€ | 34.0% | 4 | 732€ |
| 455 | B&H Ventures03048195 · Administrative services | <0.1% | 334,973€ | +30.9% | 16,610€ | 5.0% | 3 | 1,529€ |
| 456 | MG Limitless03375447 · Arts & entertainment | <0.1% | 334,955€ | +146.7% | 114,650€ | 34.2% | 6 | 787€ |
| 457 | Digital Gateway03117545 · Technology | <0.1% | 330,417€ | +120.3% | 271,345€ | 82.1% | 1 | 675€ |
| 458 | Allure Company03498646 · Hospitality | <0.1% | 328,638€ | +17.8% | 36,443€ | 11.1% | 3 | 664€ |
| 459 | Olympic Plus03463770 · Transport & logistics | <0.1% | 325,225€ | +17.6% | 22,698€ | 7.0% | 10 | 668€ |
| 460 | Budva Steel02860104 · Construction | <0.1% | 324,960€ | -0.4% | 57,039€ | 17.6% | 2 | 3,281€ |
| 461 | Smi Group03174794 · Construction | <0.1% | 323,492€ | +19.5% | 13,469€ | 4.2% | 9 | 759€ |
| 462 | Montenegro Art02620898 · Trade | <0.1% | 321,961€ | -3.8% | 4,633€ | 1.4% | 10 | 660€ |
| 463 | B-Train Group03594629 · Trade | <0.1% | 321,861€ | +28.8% | 10,980€ | 3.4% | 2 | 815€ |
| 464 | Elmos02042720 · Construction | <0.1% | 321,689€ | +5.7% | -135,351€ | -42.1% | 6 | 1,466€ |
| 465 | PAY&BAY03485030 · Hospitality | <0.1% | 321,066€ | -23.9% | -32,522€ | -10.1% | 13 | 806€ |
| 466 | Protector02387999 · Administrative services | <0.1% | 321,044€ | +9.8% | -4,424€ | -1.4% | 19 | 1,218€ |
| 467 | LLC Reca03531163 · Hospitality | <0.1% | 320,296€ | +23.5% | -35,037€ | -10.9% | 6 | 2,042€ |
| 468 | As Elektro03266591 · Professional services | <0.1% | 318,981€ | +3.6% | 3,589€ | 1.1% | 6 | 1,129€ |
| 469 | Akacia Bro03259536 · Trade | <0.1% | 317,512€ | +4.9% | 30,130€ | 9.5% | 9 | 745€ |
| 470 | Casa Mia 203250679 · Hospitality | <0.1% | 317,326€ | +24.3% | 2,711€ | 0.9% | 5 | 1,402€ |
| 471 | Money Transfers03165736 · Finance & insurance | <0.1% | 317,049€ | +4.6% | 5,114€ | 1.6% | 3 | 2,085€ |
| 472 | Rent 4 You03378128 · Professional services | <0.1% | 316,112€ | +17.1% | 30,089€ | 9.5% | 4 | 4,132€ |
| 473 | Istok Lapčići03542785 · Hospitality | <0.1% | 315,864€ | -7.2% | -115,419€ | -36.5% | 12 | 882€ |
| 474 | Rakovac Komerc02208784 · Hospitality | <0.1% | 314,276€ | -17.4% | 1,780€ | 0.6% | 9 | 1,107€ |
| 475 | Mix Markt 380603349292 · Trade | <0.1% | 314,093€ | -32.1% | -32,636€ | -10.4% | 4 | 840€ |
| 476 | B&B Solution03295940 · Real estate | <0.1% | 311,789€ | +29.1% | 20,712€ | 6.6% | 16 | 1,009€ |
| 477 | Fakultet Slobodnih Umjetnosti i Nauka Budva03502244 · Education | <0.1% | 309,872€ | +160.1% | 25,586€ | 8.3% | 9 | 1,041€ |
| 478 | Ar-Ing03113981 · Construction | <0.1% | 308,281€ | -64.2% | -15,565€ | -5.0% | 2 | 1,487€ |
| 479 | LKM Trade02401517 · Trade | <0.1% | 307,750€ | +8.1% | 86,574€ | 28.1% | 5 | 842€ |
| 480 | Adriatica A&V03355675 · Hospitality | <0.1% | 305,852€ | -27.2% | 12,433€ | 4.1% | 4 | 1,896€ |
| 481 | In Property03538923 · Hospitality | <0.1% | 304,902€ | +38.0% | 49,917€ | 16.4% | 4 | 763€ |
| 482 | Artline Beauty03338967 · Administrative services | <0.1% | 304,809€ | +2.6% | 2,247€ | 0.7% | 7 | 990€ |
| 483 | R. S. - Ellite02620715 · Manufacturing | <0.1% | 304,212€ | -10.5% | 92,631€ | 30.4% | 3 | 1,185€ |
| 484 | Polynomial03106853 · Technology | <0.1% | 304,182€ | +13.5% | 12,557€ | 4.1% | 22 | 743€ |
| 485 | Kalos Apartments03152197 · Hospitality | <0.1% | 303,338€ | -2.8% | 5,979€ | 2.0% | 5 | 747€ |
| 486 | Gregos03642674 · Hospitality | <0.1% | 303,214€ | +6,351.4% | 71,195€ | 23.5% | 4 | 1,540€ |
| 487 | Green Atlantic03035646 · Hospitality | <0.1% | 303,125€ | +21.6% | 7,113€ | 2.3% | 4 | 2,293€ |
| 488 | Atrium Management02953021 · Real estate | <0.1% | 300,569€ | +109.1% | 243,504€ | 81.0% | 1 | 804€ |
| 489 | Davids03363856 · Hospitality | <0.1% | 300,401€ | +163.8% | 39,111€ | 13.0% | 5 | 1,127€ |
| 490 | Sunline Sea03751066 · Hospitality | <0.1% | 300,201€ | No filing for 2024. | 100,164€ | 33.4% | 7 | 388€ |
| 491 | Genta03052494 · Manufacturing | <0.1% | 299,787€ | +13.8% | 35,182€ | 11.7% | 4 | 598€ |
| 492 | S-Group Mne03437833 · Trade | <0.1% | 299,555€ | +35.5% | -11,642€ | -3.9% | 2 | 1,189€ |
| 493 | Premier Moskov Mne03069265 · Construction | <0.1% | 299,401€ | -63.9% | 51,387€ | 17.2% | 7 | 1,256€ |
| 494 | Premium Holding03606490 · Administrative services | <0.1% | 299,010€ | +41.6% | 127€ | 0.0% | 2 | 448€ |
| 495 | Miris Peciva03665038 · Manufacturing | <0.1% | 298,661€ | +389.9% | 81,671€ | 27.3% | 4 | 2,038€ |
| 496 | Lunera803561127 · Trade | <0.1% | 297,500€ | +75.6% | 28,371€ | 9.5% | 2 | 1,206€ |
| 497 | Hammersmith02722682 · Trade | <0.1% | 295,733€ | +1.8% | 25,175€ | 8.5% | 4 | 775€ |
| 498 | Alfa Investment03584887 · Trade | <0.1% | 295,440€ | +158.7% | -16,000€ | -5.4% | 5 | 1,425€ |
| 499 | Sb.Immo03727521 · Real estate | <0.1% | 295,191€ | No filing for 2024. | 196,675€ | 66.6% | 0 | — |
| 500 | M Dental Zečević03007219 · Health & social care | <0.1% | 294,727€ | +18.1% | 53,501€ | 18.2% | 9 | 1,069€ |