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 836
* 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 | Budva02022672 · Professional services | <0.1% | 157,410€ | +35.5% | -28,055€ | -17.8% | 5 | 1,085€ |
| 52 | Tria03050882 · Professional services | <0.1% | 150,258€ | +218.7% | 82,868€ | 55.2% | 1 | 2,191€ |
| 53 | Plan M103452719 · Professional services | <0.1% | 148,412€ | -38.5% | -38,708€ | -26.1% | 5 | 1,893€ |
| 54 | Univercert-Mne03224317 · Professional services | <0.1% | 146,730€ | +30.5% | 4,482€ | 3.1% | 1 | 945€ |
| 55 | Geojug03466779 · Professional services | <0.1% | 143,654€ | +130.4% | 28,643€ | 19.9% | 3 | 693€ |
| 56 | Martello03586383 · Professional services | <0.1% | 141,550€ | -5.7% | 37,146€ | 26.2% | 2 | 3,815€ |
| 57 | Mala Galata02349582 · Professional services | <0.1% | 137,786€ | -17.6% | -13,099€ | -9.5% | 3 | 944€ |
| 58 | Global Airport Montenegro03346935 · Professional services | <0.1% | 134,413€ | -35.3% | 58,591€ | 43.6% | 1 | 675€ |
| 59 | Arhi Studio Dizajn02834731 · Professional services | <0.1% | 130,501€ | -5.5% | 9,005€ | 6.9% | 3 | 977€ |
| 60 | Fire Protection Experts03465888 · Professional services | <0.1% | 129,830€ | +1,522.9% | 98,479€ | 75.9% | 1 | 1,254€ |
| 61 | Profit $02925095 · Professional services | <0.1% | 126,843€ | +12.7% | 2,122€ | 1.7% | 5 | 1,568€ |
| 62 | Bilans Consulting02708787 · Professional services | <0.1% | 125,078€ | +17.6% | 41,764€ | 33.4% | 3 | 1,324€ |
| 63 | Mi Tim03397793 · Professional services | <0.1% | 122,090€ | +62.0% | 38,523€ | 31.6% | 4 | 929€ |
| 64 | VL Inženjering02894483 · Professional services | <0.1% | 121,400€ | +8.9% | 49,846€ | 41.1% | 3 | 1,079€ |
| 65 | Stem Space-Time-Emotion Management03281981 · Professional services | <0.1% | 117,900€ | +99.7% | 4,364€ | 3.7% | 1 | 2,043€ |
| 66 | Cella Consulting03462536 · Professional services | <0.1% | 114,073€ | +107.2% | 82,680€ | 72.5% | 1 | 678€ |
| 67 | Silver Group03173828 · Professional services | <0.1% | 114,008€ | +522.7% | 49,380€ | 43.3% | 1 | 429€ |
| 68 | Meta Digital03415040 · Professional services | <0.1% | 110,000€ | +3.8% | 2,755€ | 2.5% | 1 | 7,613€ |
| 69 | Karadag Group03410358 · Professional services | <0.1% | 109,862€ | +96.0% | 44,130€ | 40.2% | 6 | 724€ |
| 70 | Mali Kolektiv03242943 · Professional services | <0.1% | 106,382€ | +45.7% | 51,751€ | 48.6% | 1 | 1,885€ |
| 71 | LD Studio03219844 · Professional services | <0.1% | 105,519€ | +16.7% | 4,495€ | 4.3% | 3 | 848€ |
| 72 | Devite02432102 · Professional services | <0.1% | 103,858€ | -1.6% | 29,788€ | 28.7% | 4 | 801€ |
| 73 | Elamo Montenegro03546993 · Professional services | <0.1% | 102,642€ | -25.7% | 5,877€ | 5.7% | 3 | 1,288€ |
| 74 | Studio R.A.F.F.03279065 · Professional services | <0.1% | 99,836€ | +80.4% | 9,748€ | 9.8% | 3 | 1,240€ |
| 75 | Baia International03632946 · Professional services | <0.1% | 99,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 80,648€ | 81.5% | 1 | 687€ |
| 76 | Amd Project 202203474798 · Professional services | <0.1% | 98,722€ | +14.9% | 665€ | 0.7% | 1 | 675€ |
| 77 | Serfino Marketing03230759 · Professional services | <0.1% | 96,298€ | +358.6% | 7,704€ | 8.0% | 11 | 631€ |
| 78 | Serfino Consulting03147576 · Professional services | <0.1% | 95,576€ | +12,044.3% | -7,213€ | -7.5% | 14 | 574€ |
| 79 | Azimut - Geo03224023 · Professional services | <0.1% | 92,596€ | -4.1% | 8,795€ | 9.5% | 4 | 945€ |
| 80 | Did Konsalting02741725 · Professional services | <0.1% | 88,868€ | +25.8% | 27,880€ | 31.4% | 2 | 1,613€ |
| 81 | RV & Av02760045 · Professional services | <0.1% | 87,240€ | -9.9% | 10,987€ | 12.6% | 1 | 2,145€ |
| 82 | Monte Job02963434 · Professional services | <0.1% | 83,650€ | +33.3% | 5,026€ | 6.0% | 3 | 1,394€ |
| 83 | Id-Studio02673142 · Professional services | <0.1% | 83,169€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 66,380€ | 79.8% | 2 | — |
| 84 | Geomont02419734 · Professional services | <0.1% | 82,521€ | +97.4% | 9,012€ | 10.9% | 3 | 678€ |
| 85 | Kalos02955610 · Professional services | <0.1% | 82,275€ | -20.9% | 1,782€ | 2.2% | 3 | 1,161€ |
| 86 | High Print03319334 · Professional services | <0.1% | 81,090€ | +504.0% | 22,246€ | 27.4% | 1 | 690€ |
| 87 | B.M.B. Company02321840 · Professional services | <0.1% | 75,519€ | -3.5% | 7,843€ | 10.4% | 1 | 3,832€ |
| 88 | Consis02778041 · Professional services | <0.1% | 72,858€ | -27.8% | -7,899€ | -10.8% | 1 | 1,314€ |
| 89 | Martude03545270 · Professional services | <0.1% | 71,760€ | +15.4% | 55,515€ | 77.4% | 1 | 736€ |
| 90 | Zmaj Consulting03083942 · Professional services | <0.1% | 71,500€ | +74.5% | 13,133€ | 18.4% | 2 | 2,370€ |
| 91 | S.A.R.D.02705834 · Professional services | <0.1% | 68,279€ | -60.9% | -11,635€ | -17.0% | 1 | 2,071€ |
| 92 | Am Group Consulting02917360 · Professional services | <0.1% | 67,640€ | -37.9% | 28,881€ | 42.7% | 1 | 1,166€ |
| 93 | Account Plus02879921 · Professional services | <0.1% | 66,334€ | +38.5% | 14,043€ | 21.2% | 2 | 1,108€ |
| 94 | Hils Group03087441 · Professional services | <0.1% | 66,259€ | +34.3% | 128€ | 0.2% | 1 | 1,806€ |
| 95 | Kontonela02115654 · Professional services | <0.1% | 65,830€ | -8.9% | 665€ | 1.0% | 2 | 1,684€ |
| 96 | Arhinet02713608 · Professional services | <0.1% | 65,473€ | +7.1% | 2,261€ | 3.5% | 2 | 886€ |
| 97 | Klasa03323013 · Professional services | <0.1% | 65,013€ | -58.5% | -26,626€ | -41.0% | 7 | 670€ |
| 98 | Che Design03424570 · Professional services | <0.1% | 64,355€ | -5.1% | -13,085€ | -20.3% | 5 | 505€ |
| 99 | Vlasil03488535 · Professional services | <0.1% | 60,199€ | +32.2% | 35,012€ | 58.2% | 1 | 1,834€ |
| 100 | Real Construction02822890 · Professional services | <0.1% | 59,592€ | +10.5% | 1,315€ | 2.2% | 2 | 676€ |