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 1301–1350 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* |
|---|
| 1301 | Liricakamen Montenegro03040569 · Manufacturing | <0.1% | 47,951€ | -0.8% | -7,216€ | -15.0% | 5 | 593€ |
| 1302 | Horizon Group03310736 · Real estate | <0.1% | 47,856€ | +3,914.8% | 38,523€ | 80.5% | 1 | 306€ |
| 1303 | Prokons Ing03647773 · Trade | <0.1% | 47,743€ | -58.3% | 2,654€ | 5.6% | 1 | 681€ |
| 1304 | Devos03176479 · Trade | <0.1% | 47,545€ | -48.3% | -7,787€ | -16.4% | 2 | 506€ |
| 1305 | Falkon V&S03734196 · Hospitality | <0.1% | 47,299€ | No filing for 2024. | -83,493€ | -176.5% | 2 | 492€ |
| 1306 | Alape Gradnja03617157 · Construction | <0.1% | 47,169€ | -72.4% | -5,058€ | -10.7% | 3 | 526€ |
| 1307 | Arc Digitals03642305 · Professional services | <0.1% | 47,106€ | +726.4% | 10,066€ | 21.4% | 3 | 613€ |
| 1308 | X3 Consulting03523233 · Professional services | <0.1% | 47,025€ | -70.2% | 14,446€ | 30.7% | 1 | 760€ |
| 1309 | PB-Mne Trade03530752 · Personal services | <0.1% | 46,682€ | +37.7% | -6,427€ | -13.8% | 1 | 2,268€ |
| 1310 | Urbanist Project02901102 · Professional services | <0.1% | 46,677€ | -38.4% | 4,988€ | 10.7% | 1 | 790€ |
| 1311 | Njego - Elektro03164209 · Construction | <0.1% | 46,620€ | +185.5% | -66,313€ | -142.2% | 5 | 1,028€ |
| 1312 | Property Management Services03115305 · Administrative services | <0.1% | 46,620€ | -13.6% | -66,313€ | -142.2% | 5 | 1,028€ |
| 1313 | Per Favore03190234 · Trade | <0.1% | 46,526€ | -61.5% | -167€ | -0.4% | 3 | 685€ |
| 1314 | Asteriosoft03414795 · Administrative services | <0.1% | 46,510€ | -28.5% | -2,855€ | -6.1% | 3 | 1,133€ |
| 1315 | Cosmos Montenegro03374904 · Arts & entertainment | <0.1% | 46,350€ | +11.0% | -64,104€ | -138.3% | 3 | 1,652€ |
| 1316 | Boka Flora03530035 · Administrative services | <0.1% | 46,328€ | +4.1% | 4,490€ | 9.7% | 1 | 925€ |
| 1317 | Monooptics Monte03502317 · Trade | <0.1% | 46,318€ | +8.2% | -1,983€ | -4.3% | 3 | 553€ |
| 1318 | Garden As03337910 · Agriculture | <0.1% | 46,272€ | +9.7% | 1,184€ | 2.6% | 2 | 678€ |
| 1319 | Ozdemir Group03399389 · Trade | <0.1% | 46,194€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,822€ | 49.4% | 1 | 1,389€ |
| 1320 | Lighthouse Plus03563448 · Real estate | <0.1% | 46,069€ | +56.8% | -10,152€ | -22.0% | 4 | 811€ |
| 1321 | Alinka03228355 · Hospitality | <0.1% | 45,936€ | -35.0% | -8,251€ | -18.0% | 4 | 343€ |
| 1322 | Perfekta Tim03222357 · Construction | <0.1% | 45,785€ | -35.4% | 1,403€ | 3.1% | 1 | 1,299€ |
| 1323 | Pro - Ing Trade02668033 · Professional services | <0.1% | 45,760€ | +12.0% | 3,565€ | 7.8% | 3 | 929€ |
| 1324 | Wolf Budva03150259 · Professional services | <0.1% | 45,688€ | -11.8% | -63,591€ | -139.2% | 5 | 796€ |
| 1325 | Han Yu03293955 · Trade | <0.1% | 45,390€ | +34.8% | -10,497€ | -23.1% | 2 | 685€ |
| 1326 | Trebinjac02182483 · Construction | <0.1% | 45,355€ | -3.1% | -480€ | -1.1% | 4 | 678€ |
| 1327 | Patec Group03576442 · Technology | <0.1% | 45,256€ | +91.6% | 17,085€ | 37.8% | 1 | 852€ |
| 1328 | Art & Craft Electronics02960192 · Professional services | <0.1% | 45,209€ | +23.9% | 2,725€ | 6.0% | 2 | 675€ |
| 1329 | Gold Hair03449041 · Personal services | <0.1% | 45,197€ | +44.4% | 857€ | 1.9% | 4 | 829€ |
| 1330 | Izvorna03210499 · Professional services | <0.1% | 45,194€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 32,581€ | 72.1% | 1 | 359€ |
| 1331 | Adria o Zone02645947 · Hospitality | <0.1% | 45,148€ | -36.5% | -18,426€ | -40.8% | 1 | 4,068€ |
| 1332 | Coskun03157679 · Construction | <0.1% | 45,141€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 20,803€ | 46.1% | 1 | 813€ |
| 1333 | S Group02885034 · Trade | <0.1% | 45,014€ | +3.8% | -18,275€ | -40.6% | 2 | 621€ |
| 1334 | MMK Group03400662 · Arts & entertainment | <0.1% | 45,011€ | -81.9% | -189,073€ | -420.1% | 5 | 1,279€ |
| 1335 | Gat Montenegro03218538 · Construction | <0.1% | 45,002€ | -75.4% | 5,678€ | 12.6% | 1 | 675€ |
| 1336 | Atoll United Group03388905 · Technology | <0.1% | 45,000€ | +43.8% | -39,355€ | -87.5% | 1 | 1,091€ |
| 1337 | Budva Plus Mne03141616 · Arts & entertainment | <0.1% | 44,891€ | +112.2% | -3,811€ | -8.5% | 4 | 652€ |
| 1338 | Sofee Media03419509 · Professional services | <0.1% | 44,810€ | -10.4% | -9,203€ | -20.5% | 4 | 1,087€ |
| 1339 | Bilans BD03044009 · Professional services | <0.1% | 44,677€ | -9.1% | 7,229€ | 16.2% | 3 | 413€ |
| 1340 | Menaturs-Budva03350843 · Hospitality | <0.1% | 44,593€ | -32.2% | 4,758€ | 10.7% | 2 | 531€ |
| 1341 | Kod Caci03341178 · Hospitality | <0.1% | 44,578€ | +13.6% | 6,633€ | 14.9% | 3 | 435€ |
| 1342 | Happy Garden Mne03238865 · Trade | <0.1% | 44,531€ | +50.9% | 3,400€ | 7.6% | 2 | 578€ |
| 1343 | Fenixbu203651444 · Construction | <0.1% | 44,512€ | -58.1% | -5,498€ | -12.4% | 1 | 1,881€ |
| 1344 | Mezopotamya Company03339734 · Trade | <0.1% | 44,468€ | -9.2% | 3,626€ | 8.2% | 2 | 696€ |
| 1345 | Ćamuradam03159485 · Trade | <0.1% | 44,466€ | +36.6% | -4,182€ | -9.4% | 2 | 803€ |
| 1346 | S Coast03724344 · Hospitality | <0.1% | 44,192€ | No filing for 2024. | 16,704€ | 37.8% | 1 | 939€ |
| 1347 | Himalayas03149056 · Hospitality | <0.1% | 44,144€ | -6.3% | -20,253€ | -45.9% | 4 | — |
| 1348 | Kmo Solar03418235 · Trade | <0.1% | 44,123€ | -43.3% | -17,600€ | -39.9% | 1 | 683€ |
| 1349 | Montesun Estate03480984 · Administrative services | <0.1% | 44,048€ | +96.6% | -16,655€ | -37.8% | 3 | 733€ |
| 1350 | BBH03126048 · Trade | <0.1% | 43,899€ | +53.6% | 4,590€ | 10.5% | 2 | 608€ |