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 2301–2350 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* |
|---|
| 2301 | Redberries Solutions03455106 · Professional services | <0.1% | 8,822€ | -62.5% | -2,265€ | -25.7% | 1 | 677€ |
| 2302 | Antonio Group03542238 · Construction | <0.1% | 8,820€ | +5,780.0% | -9,360€ | -106.1% | 1 | 916€ |
| 2303 | Two Polygons03520340 · Technology | <0.1% | 8,750€ | -55.3% | -15,173€ | -173.4% | 2 | 923€ |
| 2304 | Taurustime03601625 · Technology | <0.1% | 8,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,395€ | -38.8% | 1 | 926€ |
| 2305 | Issa Architecture03403149 · Professional services | <0.1% | 8,714€ | -11.0% | -4,338€ | -49.8% | 1 | 925€ |
| 2306 | Kokos02377098 · Agriculture | <0.1% | 8,712€ | -34.7% | -6,729€ | -77.2% | 2 | 338€ |
| 2307 | V & D Perun02656892 · Trade | <0.1% | 8,710€ | +1.0% | -15,777€ | -181.1% | 2 | 681€ |
| 2308 | Artirinka03697207 · Professional services | <0.1% | 8,702€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -237€ | -2.7% | 1 | 678€ |
| 2309 | Montenegro Trips03593509 · Administrative services | <0.1% | 8,700€ | +77.6% | -3,153€ | -36.2% | 1 | 927€ |
| 2310 | Elma Health International03295052 · Administrative services | <0.1% | 8,684€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,121€ | -82.0% | 1 | 928€ |
| 2311 | Diva - Design03534251 · Professional services | <0.1% | 8,600€ | +364.9% | -660€ | -7.7% | 1 | 675€ |
| 2312 | Belanna03425185 · Real estate | <0.1% | 8,596€ | +340.8% | -3,063€ | -35.6% | 1 | 951€ |
| 2313 | Novkol Monte02859033 · Construction | <0.1% | 8,584€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,985€ | -197.9% | 2 | 721€ |
| 2314 | Monfood03515281 · Hospitality | <0.1% | 8,574€ | -86.1% | -18,513€ | -215.9% | 2 | 434€ |
| 2315 | Heaven Beauty03705358 · Personal services | <0.1% | 8,566€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -825€ | -9.6% | 1 | 678€ |
| 2316 | Montkam Service03457699 · Professional services | <0.1% | 8,550€ | -6.7% | -531€ | -6.2% | 1 | 733€ |
| 2317 | Bayhan03124754 · Trade | <0.1% | 8,541€ | -82.0% | -52,143€ | -610.5% | 3 | 517€ |
| 2318 | Nature's Whisper03296300 · Professional services | <0.1% | 8,520€ | +15.1% | 82€ | 1.0% | 1 | 696€ |
| 2319 | Still Beauty03714900 · Personal services | <0.1% | 8,508€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 69€ | 0.8% | 1 | 579€ |
| 2320 | Lfstzband03700291 · Arts & entertainment | <0.1% | 8,490€ | No filing for 2024. | 935€ | 11.0% | 1 | 532€ |
| 2321 | Aurora Borealis Mne03632318 · Personal services | <0.1% | 8,477€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -953€ | -11.2% | 1 | 680€ |
| 2322 | Monteshow03573095 · Arts & entertainment | <0.1% | 8,470€ | +303.3% | -613€ | -7.2% | 1 | 678€ |
| 2323 | Ai Billie03629848 · Technology | <0.1% | 8,460€ | -77.7% | 950€ | 11.2% | 1 | 451€ |
| 2324 | V&T Bilans03078043 · Professional services | <0.1% | 8,446€ | +5.0% | 2,158€ | 25.6% | 1 | 354€ |
| 2325 | Norbarlin Group03671291 · Hospitality | <0.1% | 8,438€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,814€ | -341.5% | 3 | 689€ |
| 2326 | Arrakis03674983 · Professional services | <0.1% | 8,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,074€ | -36.6% | 1 | 851€ |
| 2327 | Novitovo Mne03319687 · Real estate | <0.1% | 8,385€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,691€ | -449.5% | 5 | 743€ |
| 2328 | Ameripro03550893 · Arts & entertainment | <0.1% | 8,384€ | -24.5% | -5,456€ | -65.1% | 1 | 986€ |
| 2329 | Freeze Art03401952 · Professional services | <0.1% | 8,368€ | -2.0% | 20€ | 0.2% | 1 | 677€ |
| 2330 | Vat02242087 · Trade | <0.1% | 8,367€ | -17.2% | -18,589€ | -222.2% | 3 | 449€ |
| 2331 | Screen Side03480569 · Arts & entertainment | <0.1% | 8,360€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,024€ | -36.2% | 1 | 790€ |
| 2332 | Biarum Mne03425754 · Trade | <0.1% | 8,340€ | -93.5% | -21,613€ | -259.1% | 1 | 928€ |
| 2333 | Monte Nort Co03721124 · Real estate | <0.1% | 8,325€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,807€ | -57.7% | 1 | 929€ |
| 2334 | Dedin Zanat03742784 · Construction | <0.1% | 8,303€ | No filing for 2024. | -4,531€ | -54.6% | 1 | 771€ |
| 2335 | Steel Toys Laboratory03408329 · Manufacturing | <0.1% | 8,275€ | -35.2% | -5,038€ | -60.9% | 1 | 926€ |
| 2336 | Marmo Mne02767015 · Construction | <0.1% | 8,260€ | -73.8% | -30,104€ | -364.5% | 3 | 841€ |
| 2337 | Copyreg03711021 · Arts & entertainment | <0.1% | 8,247€ | No filing for 2024. | 165€ | 2.0% | 0 | — |
| 2338 | Active Tours Me03542904 · Administrative services | <0.1% | 8,239€ | +190.8% | -5,456€ | -66.2% | 1 | 677€ |
| 2339 | Motion BY Visible03346196 · Professional services | <0.1% | 8,200€ | -76.2% | -11,069€ | -135.0% | 1 | 903€ |
| 2340 | Platform Design03585271 · Professional services | <0.1% | 8,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,586€ | -68.1% | 1 | 928€ |
| 2341 | Profblick02943913 · Construction | <0.1% | 8,163€ | -25.8% | -1,299€ | -15.9% | 1 | 676€ |
| 2342 | Beetlesoft It03520722 · Technology | <0.1% | 8,148€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,236€ | -52.0% | 1 | 926€ |
| 2343 | Fleksy03468160 · Trade | <0.1% | 8,143€ | +43.6% | -897€ | -11.0% | 1 | 678€ |
| 2344 | Montesmart Realestate03705749 · Real estate | <0.1% | 8,134€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -910€ | -11.2% | 1 | — |
| 2345 | Craft Lab03302407 · Manufacturing | <0.1% | 8,100€ | +9.0% | -417€ | -5.1% | 1 | 707€ |
| 2346 | 08603808645 · Hospitality | <0.1% | 8,058€ | No filing for 2024. | 6,953€ | 86.3% | 1 | — |
| 2347 | Digital Systems03457192 · Technology | <0.1% | 8,045€ | +846.5% | -4,211€ | -52.3% | 1 | 926€ |
| 2348 | Za Razradu Građevinskih Projekata Freehold Investment02975785 · Construction | <0.1% | 8,039€ | -87.2% | -75,707€ | -941.7% | 1 | 695€ |
| 2349 | Zyma03493199 · Trade | <0.1% | 8,020€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,435€ | -30.4% | 3 | — |
| 2350 | Kinoproekt Legal03513335 · Arts & entertainment | <0.1% | 8,010€ | +901.2% | -4,195€ | -52.4% | 1 | 916€ |