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 801–850 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* |
|---|
| 801 | LH Marketing03550273 · Arts & entertainment | <0.1% | 141,952€ | +204.1% | 19,010€ | 13.4% | 1 | 1,984€ |
| 802 | Martello03586383 · Professional services | <0.1% | 141,550€ | -5.7% | 37,146€ | 26.2% | 2 | 3,815€ |
| 803 | Yachtmaster02648954 · Manufacturing | <0.1% | 141,548€ | -26.6% | -2,168€ | -1.5% | 3 | 2,033€ |
| 804 | Erand Gradnja Mne03732177 · Construction | <0.1% | 141,393€ | No filing for 2024. | 25,933€ | 18.3% | 3 | 677€ |
| 805 | Kratos02874105 · Transport & logistics | <0.1% | 140,956€ | +1.1% | 29,337€ | 20.8% | 4 | 732€ |
| 806 | Levantin02048825 · Administrative services | <0.1% | 140,952€ | +14.8% | -3,765€ | -2.7% | 2 | 1,085€ |
| 807 | Soldi03534464 · Hospitality | <0.1% | 140,638€ | +225.5% | -37,670€ | -26.8% | 6 | 968€ |
| 808 | La Familia03323064 · Hospitality | <0.1% | 140,457€ | +19.1% | 7,325€ | 5.2% | 5 | 982€ |
| 809 | Lovćen Film02966964 · Arts & entertainment | <0.1% | 139,904€ | +510.8% | 8,943€ | 6.4% | 2 | 1,088€ |
| 810 | Heavy Trucks03648508 · Transport & logistics | <0.1% | 139,898€ | +2,686.8% | 36,453€ | 26.1% | 1 | 1,363€ |
| 811 | Balkan Art03487652 · Arts & entertainment | <0.1% | 139,698€ | +106.1% | 9,277€ | 6.6% | 5 | 743€ |
| 812 | Bono Medica03591107 · Health & social care | <0.1% | 139,516€ | +171.8% | 16,379€ | 11.7% | 6 | 1,026€ |
| 813 | Banović Company02778092 · Trade | <0.1% | 139,110€ | +25.4% | -8,699€ | -6.3% | 2 | 395€ |
| 814 | Rise Trading03531325 · Trade | <0.1% | 138,870€ | +93.0% | 5,015€ | 3.6% | 10 | 801€ |
| 815 | Svift03465039 · Manufacturing | <0.1% | 138,459€ | +116.8% | -16,264€ | -11.7% | 1 | 682€ |
| 816 | Employment Power02708825 · Administrative services | <0.1% | 138,432€ | -19.2% | -15,336€ | -11.1% | 1 | 1,924€ |
| 817 | Ansa02199050 · Trade | <0.1% | 138,227€ | +12.7% | -15,414€ | -11.2% | 3 | 1,027€ |
| 818 | Paštrovića Dvori03283399 · Hospitality | <0.1% | 138,004€ | -11.6% | -6,365€ | -4.6% | 4 | 868€ |
| 819 | Mala Galata02349582 · Professional services | <0.1% | 137,786€ | -17.6% | -13,099€ | -9.5% | 3 | 944€ |
| 820 | Elite Čaj03021408 · Trade | <0.1% | 137,530€ | +4.2% | 291€ | 0.2% | 10 | 476€ |
| 821 | Žar-Ex Tours02830736 · Transport & logistics | <0.1% | 136,429€ | -5.6% | 23,656€ | 17.3% | 9 | 428€ |
| 822 | Cadena03516903 · Hospitality | <0.1% | 136,101€ | -68.6% | -26,842€ | -19.7% | 2 | 392€ |
| 823 | Global Airport Montenegro03346935 · Professional services | <0.1% | 134,413€ | -35.3% | 58,591€ | 43.6% | 1 | 675€ |
| 824 | Freedom NT02981998 · Hospitality | <0.1% | 134,134€ | +74.8% | 23,099€ | 17.2% | 3 | 819€ |
| 825 | Mistery02725452 · Construction | <0.1% | 134,118€ | +45.8% | 95,881€ | 71.5% | 2 | 675€ |
| 826 | Alta Soft03427480 · Technology | <0.1% | 133,800€ | +89.4% | 3,282€ | 2.5% | 2 | 705€ |
| 827 | Volt03074927 · Trade | <0.1% | 131,571€ | -8.9% | -8,167€ | -6.2% | 3 | 1,030€ |
| 828 | Art & Sound03325377 · Hospitality | <0.1% | 131,215€ | -69.1% | -135,865€ | -103.5% | 5 | 1,748€ |
| 829 | Vertikal Mont03396177 · Real estate | <0.1% | 131,052€ | -1.5% | -59,441€ | -45.4% | 3 | 810€ |
| 830 | Dasi03187853 · Hospitality | <0.1% | 130,897€ | +13.0% | -10,883€ | -8.3% | 2 | 1,594€ |
| 831 | Lucky Car02811499 · Administrative services | <0.1% | 130,867€ | +291.1% | 75,440€ | 57.6% | 2 | 506€ |
| 832 | Forcealw03736245 · Hospitality | <0.1% | 130,676€ | No filing for 2024. | 4,791€ | 3.7% | 2 | 522€ |
| 833 | Arhi Studio Dizajn02834731 · Professional services | <0.1% | 130,501€ | -5.5% | 9,005€ | 6.9% | 3 | 977€ |
| 834 | Risan Bay Resort03761134 · Hospitality | <0.1% | 130,181€ | No filing for 2024. | -34,206€ | -26.3% | 5 | 701€ |
| 835 | Fire Protection Experts03465888 · Professional services | <0.1% | 129,830€ | +1,522.9% | 98,479€ | 75.9% | 1 | 1,254€ |
| 836 | Damavi Travel03295443 · Administrative services | <0.1% | 129,797€ | -8.8% | -1,644€ | -1.3% | 3 | 1,450€ |
| 837 | Boolean Automation03533778 · Manufacturing | <0.1% | 129,056€ | -18.7% | 73,957€ | 57.3% | 1 | 678€ |
| 838 | Pierina03266753 · Hospitality | <0.1% | 128,685€ | +93.4% | 5,839€ | 4.5% | 3 | 645€ |
| 839 | V.I.D.02858037 · Real estate | <0.1% | 128,656€ | -9.9% | 64,361€ | 50.0% | 1 | 1,111€ |
| 840 | Manex02220407 · Hospitality | <0.1% | 128,361€ | -53.8% | -68,189€ | -53.1% | 6 | 764€ |
| 841 | Lastva Kop San02710374 · Transport & logistics | <0.1% | 127,825€ | +22.3% | 27,510€ | 21.5% | 4 | 678€ |
| 842 | Flare Digital03556069 · Technology | <0.1% | 127,811€ | -5.2% | 85,423€ | 66.8% | 1 | 1,060€ |
| 843 | Fitness Original03041654 · Arts & entertainment | <0.1% | 127,060€ | +62.5% | 21,191€ | 16.7% | 4 | 908€ |
| 844 | Prestige Car02851431 · Administrative services | <0.1% | 126,882€ | +30.5% | -76,017€ | -59.9% | 2 | 339€ |
| 845 | Profit $02925095 · Professional services | <0.1% | 126,843€ | +12.7% | 2,122€ | 1.7% | 5 | 1,568€ |
| 846 | Green Air03327345 · Construction | <0.1% | 126,716€ | -54.4% | 1,254€ | 1.0% | 2 | 942€ |
| 847 | R & V Fenix03237737 · Construction | <0.1% | 126,596€ | +47.6% | 18,805€ | 14.9% | 1 | — |
| 848 | Lever Inženjering02952360 · Construction | <0.1% | 126,357€ | -77.3% | 9,979€ | 7.9% | 1 | 926€ |
| 849 | Expo Budva02764571 · Administrative services | <0.1% | 126,300€ | +55.9% | 25,979€ | 20.6% | 1 | 1,679€ |
| 850 | Montenegro Assets Management03460100 · Real estate | <0.1% | 125,974€ | -88.9% | -1,047,953€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |