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 201–250 of 386
* 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* |
|---|
| 201 | Arak Company03382397 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,374€ | — | 1 | 678€ |
| 202 | Ariarosso03476588 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,969€ | — | 1 | 926€ |
| 203 | Avgust02992981 · Real estate | 0.0% | 0€ | -100.0% | -20,900€ | — | 1 | — |
| 204 | Avrora Dream03683893 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 205 | Azka03140482 · Real estate | 0.0% | 0€ | -100.0% | -14,241€ | — | 1 | 928€ |
| 206 | Bana Maintenance03795721 · Real estate | 0.0% | 0€ | No filing for 2024. | -212€ | — | 1 | — |
| 207 | Bau Gruppe03487539 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,274€ | — | 1 | 451€ |
| 208 | Bayraktargroup-Mne03573818 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,883€ | — | 1 | — |
| 209 | Blackiron Group03262405 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,276€ | — | 1 | 677€ |
| 210 | Bluemder Group03535452 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,944€ | — | 1 | 565€ |
| 211 | Boticelli Land Development02913534 · Real estate | 0.0% | 0€ | -100.0% | -11,792€ | — | 1 | 556€ |
| 212 | Budva Capital Investment02656418 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 213 | B&V Company03523519 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -137,821€ | — | 3 | 1,266€ |
| 214 | Celalli Real Estate03245195 · Real estate | 0.0% | 0€ | -100.0% | -17,216€ | — | 1 | 922€ |
| 215 | CLM Service Group03219593 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 216 | Crunchlab03342590 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,001€ | — | 1 | 678€ |
| 217 | Darkstone Worldwide03775992 · Real estate | 0.0% | 0€ | No filing for 2024. | -2,929€ | — | 1 | — |
| 218 | Das Real Estate03244628 · Real estate | 0.0% | 0€ | -100.0% | -8,286€ | — | 1 | 619€ |
| 219 | Dom As03414043 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,066€ | — | 1 | 675€ |
| 220 | Adriatic Development Group03739147 · Real estate | 0.0% | 0€ | No filing for 2024. | -6,529€ | — | 0 | — |
| 221 | Adriatic Property Investment Company03494683 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,055€ | — | 1 | 916€ |
| 222 | Alexbulia03551296 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 675€ |
| 223 | Andaluni03800784 · Real estate | 0.0% | 0€ | No filing for 2024. | -191€ | — | 0 | — |
| 224 | Andriienko Company03330508 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,521€ | — | 1 | 670€ |
| 225 | Ashkin Estate Montenegro03500519 · Real estate | 0.0% | 0€ | -100.0% | -12,134€ | — | 1 | 927€ |
| 226 | Asko - Invest02742659 · Real estate | 0.0% | 0€ | -100.0% | -69,793€ | — | 1 | 924€ |
| 227 | Astrela03597679 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,092€ | — | 1 | 678€ |
| 228 | Bilalsanli Company03251675 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 229 | Binbrook03062619 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,279€ | — | 1 | 600€ |
| 230 | Blackmount03555518 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 231 | Branica Holiday Resort02442230 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -152,046€ | — | 1 | — |
| 232 | Bylas Consultance Motenegro02695405 · Real estate | 0.0% | 0€ | -100.0% | -29,004€ | — | 1 | 827€ |
| 233 | Ceteris Invest03723488 · Real estate | 0.0% | 0€ | No filing for 2024. | -6,806€ | — | 1 | 560€ |
| 234 | CND International03742938 · Real estate | 0.0% | 0€ | No filing for 2024. | -5,107€ | — | 1 | 422€ |
| 235 | Costa LSL03808866 · Real estate | 0.0% | 0€ | No filing for 2024. | -2,426€ | — | 1 | — |
| 236 | Cukurova Gayrimenkul Insaat03687457 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 237 | D.B. Tourism03273148 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,110€ | — | 1 | 338€ |
| 238 | Doglobal Mne03570231 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,131€ | — | 1 | 677€ |
| 239 | Domus Bay03520439 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,119€ | — | 1 | 677€ |
| 240 | Drugo Investment03498026 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 241 | Dubki02457741 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,976€ | — | 1 | 1,507€ |
| 242 | Dvkmontenegro03432092 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,210€ | — | 1 | 675€ |
| 243 | Ea Beta Properties03720519 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,710€ | — | 1 | 995€ |
| 244 | Erhn03672182 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 245 | Erim Montenegro03460649 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,117€ | — | 1 | — |
| 246 | Eurobalcan Company02954729 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,092€ | — | 1 | 341€ |
| 247 | Exclusive Monte03630102 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,374€ | — | 1 | — |
| 248 | Fiel02634341 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,523€ | — | 1 | 922€ |
| 249 | Fins Group03500179 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,138€ | — | 2 | 864€ |
| 250 | Galka03382702 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,891€ | — | 1 | 675€ |