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 5451–5500 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* |
|---|
| 5451 | TFS Technic Company03619796 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 5452 | The Island House03405672 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,329€ | — | 1 | 676€ |
| 5453 | The Magicdilek03612040 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 5454 | The Muse03441857 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,189€ | — | 1 | 675€ |
| 5455 | The Old Bakery03160955 · Construction | 0.0% | 0€ | -100.0% | -46,372€ | — | 2 | 424€ |
| 5456 | Thuna03587215 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5457 | Tian Mimi03423662 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 5458 | Timalex03715019 · Technology | 0.0% | 0€ | No filing for 2024. | -4,989€ | — | 1 | 405€ |
| 5459 | Tim.Colors03741192 · Trade | 0.0% | 0€ | No filing for 2024. | -5,561€ | — | 1 | 463€ |
| 5460 | Tim & Jo Company02674394 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 5461 | Timmel03785092 · Construction | 0.0% | 0€ | No filing for 2024. | -4,629€ | — | 1 | 306€ |
| 5462 | Ting Unlimited03556344 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,354€ | — | 1 | 1,273€ |
| 5463 | Tok Group Mne03398935 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,995€ | — | 1 | — |
| 5464 | Tomato Architecture&Interiors03254909 · Professional services | 0.0% | 0€ | -100.0% | -8,610€ | — | 1 | 675€ |
| 5465 | Top - Tim02669501 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,144€ | — | 1 | 920€ |
| 5466 | Tosun Global03716058 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,971€ | — | 1 | 573€ |
| 5467 | Trade Mark02460408 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 338€ |
| 5468 | Tramola03392171 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,072€ | — | 1 | 675€ |
| 5469 | Trendmode03382192 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 338€ |
| 5470 | Tria Shipping03497712 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5471 | Trinvest03178366 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,050€ | — | 1 | 338€ |
| 5472 | Troas03327043 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,177€ | — | 1 | 677€ |
| 5473 | Trog&Co03652955 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,148€ | — | 1 | 678€ |
| 5474 | Trois Bu203720152 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,314€ | — | 1 | 338€ |
| 5475 | True History03781941 · Trade | 0.0% | 0€ | No filing for 2024. | -2,200€ | — | 1 | — |
| 5476 | Tugayoglu Group03577902 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5477 | Tulek03198383 · Professional services | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 5478 | Tur-Report.Me03536777 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,364€ | — | 1 | 953€ |
| 5479 | Tur Safe Rental03619664 · Trade | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 5480 | Tu-Tu Investment03719928 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,087€ | — | 1 | 924€ |
| 5481 | TVT CZ02628279 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -44,275€ | — | 1 | 811€ |
| 5482 | Two Coffee03797481 · Hospitality | 0.0% | 0€ | No filing for 2024. | -1,481€ | — | 1 | — |
| 5483 | Tyee03641848 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,226€ | — | 1 | 675€ |
| 5484 | Ucabus03551547 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,585€ | — | 1 | 1,125€ |
| 5485 | Umeetco03376770 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,370€ | — | 1 | 675€ |
| 5486 | Unicorn Invest03430111 · Trade | 0.0% | 0€ | No filing for 2024. | -12,999€ | — | 2 | 499€ |
| 5487 | Unioininvest-Me03214133 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,152€ | — | 1 | 1,022€ |
| 5488 | Uppa Software03737713 · Technology | 0.0% | 0€ | No filing for 2024. | -16,037€ | — | 1 | 1,277€ |
| 5489 | Upspire Company03591794 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,186€ | — | 1 | 675€ |
| 5490 | U-Servis03481450 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,224€ | — | 1 | 678€ |
| 5491 | Uta Fitness and Exercise Systems03256286 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,297€ | — | 1 | 563€ |
| 5492 | Uzman Bilisim Company03383121 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,278€ | — | 2 | 675€ |
| 5493 | Vamp Studio03629317 · Trade | 0.0% | 0€ | -100.0% | -10,120€ | — | 1 | 688€ |
| 5494 | Vaš Dom-Company02469154 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 5495 | Budva - Budvanska Rivijera02304147 · Arts & entertainment | 0.0% | 0€ | -100.0% | -13,217€ | — | 1 | 1,101€ |
| 5496 | VCS Electronics and Automation03462986 · Trade | 0.0% | 0€ | -100.0% | -11,720€ | — | 1 | 928€ |
| 5497 | Vedri Dan03377261 · Hospitality | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 5498 | Vera & Daria03295605 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,965€ | — | 1 | 682€ |
| 5499 | Via-Mne03298213 · Hospitality | 0.0% | 0€ | -100.0% | -8,311€ | — | 1 | 678€ |
| 5500 | Vidikovac Butua03260518 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 674€ |