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 51–100 of 462
* 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* |
|---|
| 51 | ZNF Montenegro03101410 · Administrative services | <0.1% | 164,482€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,256€ | -6.8% | 5 | 596€ |
| 52 | Apolotours DMC02242982 · Administrative services | <0.1% | 160,070€ | -15.0% | 793€ | 0.5% | 2 | 958€ |
| 53 | Coa Company03467171 · Administrative services | <0.1% | 153,793€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 73,133€ | 47.6% | 2 | 377€ |
| 54 | Levantin02048825 · Administrative services | <0.1% | 140,952€ | +14.8% | -3,765€ | -2.7% | 2 | 1,085€ |
| 55 | Employment Power02708825 · Administrative services | <0.1% | 138,432€ | -19.2% | -15,336€ | -11.1% | 1 | 1,924€ |
| 56 | Lucky Car02811499 · Administrative services | <0.1% | 130,867€ | +291.1% | 75,440€ | 57.6% | 2 | 506€ |
| 57 | Damavi Travel03295443 · Administrative services | <0.1% | 129,797€ | -8.8% | -1,644€ | -1.3% | 3 | 1,450€ |
| 58 | Prestige Car02851431 · Administrative services | <0.1% | 126,882€ | +30.5% | -76,017€ | -59.9% | 2 | 339€ |
| 59 | Expo Budva02764571 · Administrative services | <0.1% | 126,300€ | +55.9% | 25,979€ | 20.6% | 1 | 1,679€ |
| 60 | Rent-A-Car Adriatic02982005 · Administrative services | <0.1% | 113,029€ | +28.6% | 13,918€ | 12.3% | 2 | 578€ |
| 61 | Kiva03093115 · Administrative services | <0.1% | 110,541€ | +29.7% | 6,249€ | 5.7% | 4 | 586€ |
| 62 | Naša Priča03080196 · Administrative services | <0.1% | 106,474€ | +326.0% | 42,990€ | 40.4% | 4 | 798€ |
| 63 | Đina Pčelica Stvaralica03369196 · Administrative services | <0.1% | 103,500€ | +112.1% | 28,018€ | 27.1% | 2 | 1,115€ |
| 64 | Fratelli02971402 · Administrative services | <0.1% | 100,978€ | +36.8% | -38,275€ | -37.9% | 2 | 548€ |
| 65 | Montenegro Hostel02756382 · Administrative services | <0.1% | 97,693€ | -16.0% | -5,547€ | -5.7% | 2 | 1,166€ |
| 66 | Safeguard Security Co03229408 · Administrative services | <0.1% | 90,727€ | +42.0% | 6,451€ | 7.1% | 8 | 855€ |
| 67 | 382 Services03605744 · Administrative services | <0.1% | 90,000€ | +130.8% | 45,093€ | 50.1% | 2 | 1,079€ |
| 68 | Mare & Pluvia03543323 · Administrative services | <0.1% | 89,821€ | +433.7% | 13,897€ | 15.5% | 1 | 929€ |
| 69 | Aqua Sport Budva03132005 · Administrative services | <0.1% | 88,812€ | +55.2% | -3,539€ | -4.0% | 3 | 1,362€ |
| 70 | Rivo03085520 · Administrative services | <0.1% | 85,951€ | +80.3% | 14,176€ | 16.5% | 1 | 338€ |
| 71 | Kingston Company03533409 · Administrative services | <0.1% | 84,828€ | -25.7% | 1,728€ | 2.0% | 5 | 507€ |
| 72 | Ace Accountancy Services03319547 · Administrative services | <0.1% | 84,598€ | -14.1% | -1,962€ | -2.3% | 4 | 1,536€ |
| 73 | Snusmumriken Sails03498441 · Administrative services | <0.1% | 83,225€ | +58.1% | 11,601€ | 13.9% | 3 | 1,096€ |
| 74 | Central Group03121305 · Administrative services | <0.1% | 81,840€ | +43.1% | 6,071€ | 7.4% | 1 | 442€ |
| 75 | Marz Aviation03474437 · Administrative services | <0.1% | 80,689€ | +348.3% | 28,313€ | 35.1% | 1 | 2,291€ |
| 76 | You Go Cars03666212 · Administrative services | <0.1% | 78,909€ | +284.1% | 677€ | 0.9% | 3 | 541€ |
| 77 | Entry03292924 · Administrative services | <0.1% | 77,290€ | +21.0% | 15,710€ | 20.3% | 1 | 926€ |
| 78 | Group T&M03249484 · Administrative services | <0.1% | 73,703€ | +274.6% | -24,417€ | -33.1% | 2 | 668€ |
| 79 | Big Bike Motors03184145 · Administrative services | <0.1% | 73,031€ | +64.2% | -22,111€ | -30.3% | 1 | 2,130€ |
| 80 | S.J.T. Company02967669 · Administrative services | <0.1% | 71,005€ | -2.6% | -17,003€ | -23.9% | 0 | — |
| 81 | DNĐ Security03442594 · Administrative services | <0.1% | 68,141€ | +6.9% | -2,470€ | -3.6% | 7 | 748€ |
| 82 | Solissta03321584 · Administrative services | <0.1% | 66,268€ | +8.1% | -3,795€ | -5.7% | 2 | 1,224€ |
| 83 | Tikarina03434672 · Administrative services | <0.1% | 65,599€ | +132.4% | 40,081€ | 61.1% | 2 | 699€ |
| 84 | Kristina02703491 · Administrative services | <0.1% | 64,542€ | -34.7% | -105,414€ | -163.3% | 2 | 422€ |
| 85 | Atlas Travel03296849 · Administrative services | <0.1% | 61,455€ | -29.5% | -71,189€ | -115.8% | 3 | 1,626€ |
| 86 | VP Group03062864 · Administrative services | <0.1% | 60,846€ | +83.2% | -17,023€ | -28.0% | 1 | 335€ |
| 87 | Jamb02128462 · Administrative services | <0.1% | 60,602€ | +11.9% | -49,885€ | -82.3% | 4 | 688€ |
| 88 | Porta Nova03293467 · Administrative services | <0.1% | 60,247€ | +28.0% | 19,251€ | 32.0% | 1 | 452€ |
| 89 | Emc Group02986345 · Administrative services | <0.1% | 60,049€ | -25.7% | -53,584€ | -89.2% | 1 | 1,374€ |
| 90 | Joker Rentals03412768 · Administrative services | <0.1% | 60,025€ | +49.1% | 14,549€ | 24.2% | 3 | — |
| 91 | Masliuk Consulting03324010 · Administrative services | <0.1% | 59,839€ | +93.0% | 27,082€ | 45.3% | 1 | 1,744€ |
| 92 | Victoria Royal Group02829819 · Administrative services | <0.1% | 59,140€ | -56.5% | 10,371€ | 17.5% | 1 | 1,009€ |
| 93 | Continent Tourism03646629 · Administrative services | <0.1% | 58,988€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,488€ | -12.7% | 5 | 650€ |
| 94 | MY Food Plus03339742 · Administrative services | <0.1% | 54,656€ | +33.0% | -29,407€ | -53.8% | 3 | 688€ |
| 95 | Hospitality Connect03315215 · Administrative services | <0.1% | 54,655€ | -0.1% | -1,027€ | -1.9% | 2 | 1,939€ |
| 96 | DSM Family03046460 · Administrative services | <0.1% | 53,629€ | +68.9% | 23,500€ | 43.8% | 1 | 670€ |
| 97 | Nesan Mne03352595 · Administrative services | <0.1% | 52,476€ | +11.3% | 2,665€ | 5.1% | 2 | 850€ |
| 98 | Business Assistant03355217 · Administrative services | <0.1% | 51,581€ | +3.4% | 13,891€ | 26.9% | 3 | 563€ |
| 99 | Silver-Holiday02046610 · Administrative services | <0.1% | 49,904€ | -1.0% | 10,116€ | 20.3% | 3 | 634€ |
| 100 | Dancar02644053 · Administrative services | <0.1% | 48,662€ | -12.3% | -38,376€ | -78.9% | 3 | 637€ |