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 1001–1050 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* |
|---|
| 1001 | Aqua Sport Budva03132005 · Administrative services | <0.1% | 88,812€ | +55.2% | -3,539€ | -4.0% | 3 | 1,362€ |
| 1002 | Jedro Gradnja03591751 · Construction | <0.1% | 88,779€ | +235.9% | 515€ | 0.6% | 1 | 1,476€ |
| 1003 | Ketering Servis03009408 · Trade | <0.1% | 88,749€ | +34.4% | 9,183€ | 10.3% | 1 | 851€ |
| 1004 | Fula International03702987 · Transport & logistics | <0.1% | 88,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 71,551€ | 80.8% | 1 | 637€ |
| 1005 | Vertigo02916622 · Manufacturing | <0.1% | 88,111€ | +21.6% | 13,670€ | 15.5% | 2 | 1,128€ |
| 1006 | Ilford03126102 · Hospitality | <0.1% | 87,982€ | +5.0% | 3,581€ | 4.1% | 2 | 653€ |
| 1007 | Max - Ap02454319 · Trade | <0.1% | 87,936€ | +66.8% | -3,570€ | -4.1% | 1 | 675€ |
| 1008 | Izotop03153479 · Construction | <0.1% | 87,629€ | -10.8% | -4,929€ | -5.6% | 5 | 860€ |
| 1009 | RV & Av02760045 · Professional services | <0.1% | 87,240€ | -9.9% | 10,987€ | 12.6% | 1 | 2,145€ |
| 1010 | Magic Stars02641232 · Real estate | <0.1% | 87,149€ | -2.5% | -21,412€ | -24.6% | 5 | 800€ |
| 1011 | Firma Mir02760975 · Personal services | <0.1% | 87,060€ | -8.3% | 12,180€ | 14.0% | 6 | 656€ |
| 1012 | Nelix02862565 · Trade | <0.1% | 86,916€ | -10.3% | 7,551€ | 8.7% | 3 | 981€ |
| 1013 | Školj02174553 · Hospitality | <0.1% | 86,813€ | -39.4% | -20,994€ | -24.2% | 3 | 731€ |
| 1014 | Javna Zdravstvena Ustanova Dom Zdravlja Budva02005522 · Health & social care | <0.1% | 86,400€ | -7.8% | 78,624€ | 91.0% | 0 | — |
| 1015 | Old Hunter 199403437159 · Personal services | <0.1% | 86,290€ | +23.2% | -19,676€ | -22.8% | 4 | 1,310€ |
| 1016 | The Best Star Project03750655 · Construction | <0.1% | 86,251€ | No filing for 2024. | -12,474€ | -14.5% | 2 | 871€ |
| 1017 | Empire Group03470148 · Hospitality | <0.1% | 86,241€ | -10.6% | 15,767€ | 18.3% | 1 | 1,916€ |
| 1018 | Old Town Bakery03341925 · Manufacturing | <0.1% | 86,141€ | +21.3% | 6,417€ | 7.4% | 1 | 1,173€ |
| 1019 | Strim Link02291959 · Trade | <0.1% | 86,127€ | -62.7% | -2,430€ | -2.8% | 1 | 923€ |
| 1020 | Sphere Optometry Center Budva03310094 · Trade | <0.1% | 86,003€ | -10.2% | 1,941€ | 2.3% | 2 | 1,063€ |
| 1021 | Rivo03085520 · Administrative services | <0.1% | 85,951€ | +80.3% | 14,176€ | 16.5% | 1 | 338€ |
| 1022 | Gips +03208770 · Construction | <0.1% | 85,899€ | +182.4% | 18,123€ | 21.1% | 1 | 677€ |
| 1023 | Fija02909871 · Trade | <0.1% | 85,366€ | -9.2% | 6,699€ | 7.8% | 2 | 988€ |
| 1024 | Kingston Company03533409 · Administrative services | <0.1% | 84,828€ | -25.7% | 1,728€ | 2.0% | 5 | 507€ |
| 1025 | Ace Accountancy Services03319547 · Administrative services | <0.1% | 84,598€ | -14.1% | -1,962€ | -2.3% | 4 | 1,536€ |
| 1026 | RC Kop03553914 · Construction | <0.1% | 84,141€ | +67.1% | 669€ | 0.8% | 1 | — |
| 1027 | Boom Inzenjering03012255 · Construction | <0.1% | 83,929€ | +62.5% | -7,014€ | -8.4% | 3 | 532€ |
| 1028 | Monte Job02963434 · Professional services | <0.1% | 83,650€ | +33.3% | 5,026€ | 6.0% | 3 | 1,394€ |
| 1029 | Aits02681064 · Real estate | <0.1% | 83,641€ | -73.3% | 1,997€ | 2.4% | 2 | 893€ |
| 1030 | Brothers Fast Food03658058 · Hospitality | <0.1% | 83,577€ | +199.1% | 4,518€ | 5.4% | 3 | 724€ |
| 1031 | Rouz03405893 · Trade | <0.1% | 83,488€ | +11.2% | 3,760€ | 4.5% | 1 | 995€ |
| 1032 | Snusmumriken Sails03498441 · Administrative services | <0.1% | 83,225€ | +58.1% | 11,601€ | 13.9% | 3 | 1,096€ |
| 1033 | 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 | — |
| 1034 | Geomont02419734 · Professional services | <0.1% | 82,521€ | +97.4% | 9,012€ | 10.9% | 3 | 678€ |
| 1035 | Montebarbering03222004 · Personal services | <0.1% | 82,435€ | +42.8% | -9,891€ | -12.0% | 3 | 1,262€ |
| 1036 | Kalos02955610 · Professional services | <0.1% | 82,275€ | -20.9% | 1,782€ | 2.2% | 3 | 1,161€ |
| 1037 | Zec J.V.A03089550 · Hospitality | <0.1% | 82,229€ | +263.4% | 29,446€ | 35.8% | 3 | 583€ |
| 1038 | Izo-Bau03525783 · Construction | <0.1% | 82,217€ | +128.0% | 31,443€ | 38.2% | 1 | 961€ |
| 1039 | Central Group03121305 · Administrative services | <0.1% | 81,840€ | +43.1% | 6,071€ | 7.4% | 1 | 442€ |
| 1040 | Marvel Star03299384 · Trade | <0.1% | 81,808€ | -11.0% | -9,210€ | -11.3% | 3 | 712€ |
| 1041 | Gox VGD03718492 · Construction | <0.1% | 81,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 59,115€ | 72.3% | 1 | 605€ |
| 1042 | SM Group Montenegro03770028 · Construction | <0.1% | 81,520€ | No filing for 2024. | 15,001€ | 18.4% | 1 | 3,956€ |
| 1043 | High Print03319334 · Professional services | <0.1% | 81,090€ | +504.0% | 22,246€ | 27.4% | 1 | 690€ |
| 1044 | Diva Star03412741 · Manufacturing | <0.1% | 81,025€ | +692.7% | 18,706€ | 23.1% | 1 | 783€ |
| 1045 | BMP Metal Products03736792 · Construction | <0.1% | 80,872€ | No filing for 2024. | 23,957€ | 29.6% | 2 | 565€ |
| 1046 | Euromode02982170 · Real estate | <0.1% | 80,696€ | -8.1% | 5,378€ | 6.7% | 1 | 1,294€ |
| 1047 | Marz Aviation03474437 · Administrative services | <0.1% | 80,689€ | +348.3% | 28,313€ | 35.1% | 1 | 2,291€ |
| 1048 | Lasa Gradnja03511863 · Construction | <0.1% | 80,070€ | +138.4% | 52,872€ | 66.0% | 1 | 338€ |
| 1049 | Centar za Očne Bolesti Miljković & Jankov02308525 · Health & social care | <0.1% | 79,750€ | +7.5% | 12,152€ | 15.2% | 3 | 919€ |
| 1050 | Baikal M Company03414752 · Technology | <0.1% | 79,694€ | +0.6% | 34,665€ | 43.5% | 1 | 2,562€ |