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 851–900 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* |
|---|
| 851 | Vinyl M03184013 · Arts & entertainment | <0.1% | 125,217€ | +111.1% | 51,357€ | 41.0% | 1 | 1,395€ |
| 852 | Bilans Consulting02708787 · Professional services | <0.1% | 125,078€ | +17.6% | 41,764€ | 33.4% | 3 | 1,324€ |
| 853 | Nedi Montenegro03675165 · Manufacturing | <0.1% | 124,416€ | +466.1% | 699€ | 0.6% | 3 | 1,202€ |
| 854 | Nir Company03165264 · Manufacturing | <0.1% | 124,393€ | -19.8% | -80,224€ | -64.5% | 4 | 432€ |
| 855 | Sarantini03744710 · Hospitality | <0.1% | 124,361€ | No filing for 2024. | 28,943€ | 23.3% | 3 | 1,161€ |
| 856 | RD Company02433591 · Hospitality | <0.1% | 124,359€ | +8.9% | -2,314€ | -1.9% | 3 | 727€ |
| 857 | Tilia02218208 · Trade | <0.1% | 123,962€ | +36.9% | 14,419€ | 11.6% | 4 | 602€ |
| 858 | Infohvala03309509 · Hospitality | <0.1% | 123,680€ | -4.6% | -8,175€ | -6.6% | 4 | 802€ |
| 859 | Five02787105 · Trade | <0.1% | 123,605€ | +38.1% | 17,062€ | 13.8% | 3 | 747€ |
| 860 | Puerta Del Sol02705532 · Hospitality | <0.1% | 123,594€ | -11.4% | 14,802€ | 12.0% | 5 | 737€ |
| 861 | Vojd03468666 · Hospitality | <0.1% | 122,925€ | +3.2% | -26,224€ | -21.3% | 4 | 568€ |
| 862 | Mi Tim03397793 · Professional services | <0.1% | 122,090€ | +62.0% | 38,523€ | 31.6% | 4 | 929€ |
| 863 | Fjondra03132498 · Construction | <0.1% | 121,534€ | -25.9% | -61,589€ | -50.7% | 5 | 734€ |
| 864 | VL Inženjering02894483 · Professional services | <0.1% | 121,400€ | +8.9% | 49,846€ | 41.1% | 3 | 1,079€ |
| 865 | Urbania02922908 · Construction | <0.1% | 121,189€ | -54.0% | -14,641€ | -12.1% | 3 | 1,089€ |
| 866 | Saičić-Tours02329930 · Hospitality | <0.1% | 120,585€ | -17.9% | 8,846€ | 7.3% | 3 | 948€ |
| 867 | Rudi Dizajn Mne03679209 · Construction | <0.1% | 120,054€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -52,030€ | -43.3% | 2 | 2,083€ |
| 868 | Plima02624940 · Agriculture | <0.1% | 119,912€ | -0.6% | 13,508€ | 11.3% | 3 | 627€ |
| 869 | Aliyev&Company03760723 · Construction | <0.1% | 119,501€ | No filing for 2024. | -32,743€ | -27.4% | 2 | 439€ |
| 870 | Elektro-Piva02665204 · Construction | <0.1% | 119,288€ | +27.8% | 5,010€ | 4.2% | 3 | 860€ |
| 871 | Viola HB03664660 · Real estate | <0.1% | 118,702€ | +384.3% | 17,447€ | 14.7% | 3 | 869€ |
| 872 | Epoha02248719 · Hospitality | <0.1% | 118,566€ | +22.2% | 5,593€ | 4.7% | 5 | 666€ |
| 873 | Infinity Board & Paper03115275 · Trade | <0.1% | 118,464€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,567€ | -13.1% | 2 | 753€ |
| 874 | Arad A.A.P.03521966 · Hospitality | <0.1% | 118,373€ | +10.5% | -17,134€ | -14.5% | 2 | 1,256€ |
| 875 | Stem Space-Time-Emotion Management03281981 · Professional services | <0.1% | 117,900€ | +99.7% | 4,364€ | 3.7% | 1 | 2,043€ |
| 876 | Lale Company03283054 · Construction | <0.1% | 117,855€ | No filing for 2024. | 29,434€ | 25.0% | 2 | — |
| 877 | Auto Start02439743 · Trade | <0.1% | 117,796€ | +13.8% | 65€ | 0.1% | 1 | 1,352€ |
| 878 | Group Es Studio M03039226 · Personal services | <0.1% | 117,307€ | +42.1% | -89,067€ | -75.9% | 3 | 1,102€ |
| 879 | Magic MK03093824 · Hospitality | <0.1% | 117,055€ | -5.6% | 1,161€ | 1.0% | 6 | 782€ |
| 880 | Jef Budva03153762 · Hospitality | <0.1% | 116,056€ | +12.5% | 1,579€ | 1.4% | 3 | 1,193€ |
| 881 | RAD&TIM03290247 · Trade | <0.1% | 115,640€ | +218.3% | 3,381€ | 2.9% | 1 | 812€ |
| 882 | Doumo Development03433552 · Technology | <0.1% | 115,063€ | +17.5% | 37,535€ | 32.6% | 4 | 1,285€ |
| 883 | Makka Wine03250989 · Trade | <0.1% | 114,469€ | +2.3% | 4,036€ | 3.5% | 1 | 339€ |
| 884 | Azh Montenegro03230180 · Personal services | <0.1% | 114,302€ | +12.0% | 2,161€ | 1.9% | 7 | 730€ |
| 885 | Taverna Vukoje03294986 · Hospitality | <0.1% | 114,280€ | +26.5% | 13,775€ | 12.1% | 2 | 829€ |
| 886 | Cella Consulting03462536 · Professional services | <0.1% | 114,073€ | +107.2% | 82,680€ | 72.5% | 1 | 678€ |
| 887 | Silver Group03173828 · Professional services | <0.1% | 114,008€ | +522.7% | 49,380€ | 43.3% | 1 | 429€ |
| 888 | Rent-A-Car Adriatic02982005 · Administrative services | <0.1% | 113,029€ | +28.6% | 13,918€ | 12.3% | 2 | 578€ |
| 889 | Stole02918269 · Trade | <0.1% | 112,755€ | +1.5% | -21,303€ | -18.9% | 3 | 1,019€ |
| 890 | Amika02911019 · Trade | <0.1% | 112,669€ | -23.1% | 7,760€ | 6.9% | 2 | 1,541€ |
| 891 | Velmare03136108 · Hospitality | <0.1% | 112,291€ | +11.4% | 2,304€ | 2.1% | 3 | 797€ |
| 892 | Max Prestige02421151 · Hospitality | <0.1% | 112,206€ | -24.8% | -58,713€ | -52.3% | 6 | 752€ |
| 893 | Prosport03570509 · Hospitality | <0.1% | 111,948€ | +2,324.7% | 10,783€ | 9.6% | 2 | 1,328€ |
| 894 | Pashasoy Construction03793338 · Construction | <0.1% | 111,785€ | No filing for 2024. | 42,193€ | 37.7% | 1 | — |
| 895 | WP Systems03488985 · Construction | <0.1% | 111,389€ | -3.3% | 2,300€ | 2.1% | 2 | 1,764€ |
| 896 | Buka Company03744108 · Hospitality | <0.1% | 111,281€ | No filing for 2024. | -198,022€ | -177.9% | 8 | 444€ |
| 897 | Madrid 803192377 · Hospitality | <0.1% | 111,128€ | -45.0% | -28,050€ | -25.2% | 3 | 570€ |
| 898 | Vivon03723828 · Hospitality | <0.1% | 110,959€ | No filing for 2024. | -58,345€ | -52.6% | 2 | 2,599€ |
| 899 | Shalom02902923 · Hospitality | <0.1% | 110,932€ | +219.6% | 3,648€ | 3.3% | 2 | 510€ |
| 900 | Kiva03093115 · Administrative services | <0.1% | 110,541€ | +29.7% | 6,249€ | 5.7% | 4 | 586€ |