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 2601–2650 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* |
|---|
| 2601 | Božena03670546 · Hospitality | <0.1% | 3,908€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,071€ | -53.0% | 1 | — |
| 2602 | Avinew03507050 · Trade | <0.1% | 3,900€ | +56.0% | -5,716€ | -146.6% | 1 | 677€ |
| 2603 | Cassalux03726053 · Trade | <0.1% | 3,871€ | No filing for 2024. | -7,396€ | -191.1% | 2 | 319€ |
| 2604 | Ercetin03534405 · Administrative services | <0.1% | 3,830€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,441€ | -272.6% | 1 | 899€ |
| 2605 | Criteria03536645 · Real estate | <0.1% | 3,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,603€ | -120.5% | 1 | 675€ |
| 2606 | Ledmi Production03576353 · Arts & entertainment | <0.1% | 3,814€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,509€ | -144.4% | 1 | 670€ |
| 2607 | Molot.Ok03494896 · Construction | <0.1% | 3,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,675€ | -149.3% | 1 | 677€ |
| 2608 | Munja M&D03461840 · Transport & logistics | <0.1% | 3,792€ | -70.0% | -17,411€ | -459.2% | 1 | 987€ |
| 2609 | Enovogradnja CG03346749 · Technology | <0.1% | 3,780€ | -86.6% | -10,511€ | -278.1% | 1 | 947€ |
| 2610 | Belmont02468964 · Real estate | <0.1% | 3,778€ | -61.2% | -22,656€ | -599.7% | 1 | 675€ |
| 2611 | Nexis03405001 · Hospitality | <0.1% | 3,757€ | -82.4% | -80,029€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2612 | Novinvest02675773 · Construction | <0.1% | 3,753€ | -44.5% | -132,557€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,031€ |
| 2613 | Baf Engineering and Consultancy03591638 · Professional services | <0.1% | 3,750€ | +650.0% | -9,156€ | -244.2% | 1 | 927€ |
| 2614 | Askania03241840 · Trade | <0.1% | 3,747€ | +106.9% | -6,590€ | -175.9% | 1 | 683€ |
| 2615 | Re Arch02904632 · Professional services | <0.1% | 3,700€ | -25.5% | -5,037€ | -136.1% | 1 | 345€ |
| 2616 | Magio Mne03638014 · Arts & entertainment | <0.1% | 3,685€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,349€ | -199.4% | 1 | 622€ |
| 2617 | Luxury Dna03261182 · Professional services | <0.1% | 3,650€ | -93.9% | -13,387€ | -366.8% | 1 | 338€ |
| 2618 | Olshanov03396762 · Professional services | <0.1% | 3,625€ | +15.1% | -5,502€ | -151.8% | 1 | 677€ |
| 2619 | Martvort03245926 · Hospitality | <0.1% | 3,605€ | +25,650.0% | -9,503€ | -263.6% | 1 | 677€ |
| 2620 | Imt SKY Resort03240274 · Hospitality | <0.1% | 3,600€ | -58.5% | -4,575€ | -127.1% | 1 | 338€ |
| 2621 | Filato03528944 · Trade | <0.1% | 3,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,648€ | -240.2% | 1 | 924€ |
| 2622 | Gaga Style03658236 · Personal services | <0.1% | 3,584€ | +69.4% | -6,292€ | -175.6% | 1 | 745€ |
| 2623 | K&M Group03673227 · Trade | <0.1% | 3,580€ | +477.4% | -4,458€ | -124.5% | 3 | — |
| 2624 | Klima Servis B-203689751 · Personal services | <0.1% | 3,575€ | +8.3% | -2,056€ | -57.5% | 1 | — |
| 2625 | Stevović Servis Sistemi03790410 · Personal services | <0.1% | 3,572€ | No filing for 2024. | -326€ | -9.1% | 1 | — |
| 2626 | Beauty To Go03759067 · Personal services | <0.1% | 3,535€ | No filing for 2024. | -1,525€ | -43.1% | 0 | — |
| 2627 | Paul&Guests03704947 · Hospitality | <0.1% | 3,535€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,269€ | -205.6% | 1 | 658€ |
| 2628 | Batuhan Real Estate03573966 · Real estate | <0.1% | 3,515€ | +105.6% | -5,176€ | -147.3% | 1 | 677€ |
| 2629 | Nora Life & Design03484939 · Professional services | <0.1% | 3,515€ | -36.1% | -5,532€ | -157.4% | 1 | 680€ |
| 2630 | Sema Real Estate03573940 · Real estate | <0.1% | 3,515€ | +105.6% | -5,116€ | -145.5% | 1 | 677€ |
| 2631 | Event Management03096823 · Administrative services | <0.1% | 3,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,317€ | -209.1% | 1 | 770€ |
| 2632 | Art Studio Wave03498271 · Education | <0.1% | 3,450€ | -17.2% | -7,953€ | -230.5% | 1 | 683€ |
| 2633 | Webwarriors03417867 · Professional services | <0.1% | 3,360€ | -66.1% | -9,796€ | -291.5% | 1 | 925€ |
| 2634 | Ist Centar03384608 · Personal services | <0.1% | 3,355€ | +1,460.5% | -19,908€ | -593.4% | 2 | 612€ |
| 2635 | Bewolt Group03192300 · Technology | <0.1% | 3,327€ | -75.9% | -33,534€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2636 | Tolasti03543757 · Technology | <0.1% | 3,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,312€ | -251.9% | 1 | 922€ |
| 2637 | DM Medical & Beauty03227634 · Trade | <0.1% | 3,297€ | -83.2% | -4,763€ | -144.5% | 1 | 567€ |
| 2638 | Wanderlust Management03756467 · Professional services | <0.1% | 3,273€ | No filing for 2024. | -17,221€ | -526.2% | 1 | 357€ |
| 2639 | Prodesign03448886 · Professional services | <0.1% | 3,272€ | -33.2% | -13,683€ | -418.2% | 2 | 660€ |
| 2640 | Zvijezda BP03186369 · Professional services | <0.1% | 3,263€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,131€ | 34.7% | 1 | — |
| 2641 | Vesta Estate03744612 · Real estate | <0.1% | 3,250€ | No filing for 2024. | -4,985€ | -153.4% | 1 | 516€ |
| 2642 | Xenon03090469 · Technology | <0.1% | 3,238€ | -10.1% | 594€ | 18.3% | 1 | — |
| 2643 | Alins Products03584852 · Trade | <0.1% | 3,228€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 144€ | 4.5% | 1 | — |
| 2644 | Teler Media03565572 · Professional services | <0.1% | 3,214€ | -83.4% | -3,192€ | -99.3% | 1 | — |
| 2645 | Alba Solutions03355187 · Professional services | <0.1% | 3,190€ | -28.6% | -8,123€ | -254.6% | 1 | 927€ |
| 2646 | Just Smile03339653 · Health & social care | <0.1% | 3,185€ | +318,400.0% | -6,472€ | -203.2% | 2 | 395€ |
| 2647 | First Capital03281299 · Construction | <0.1% | 3,170€ | +118.6% | -8,257€ | -260.5% | 1 | 926€ |
| 2648 | Westnogap03435792 · Technology | <0.1% | 3,160€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,990€ | -347.8% | 1 | 926€ |
| 2649 | Happyka03745694 · Arts & entertainment | <0.1% | 3,155€ | No filing for 2024. | -4,250€ | -134.7% | 0 | — |
| 2650 | Budvanka02049473 · Professional services | <0.1% | 3,150€ | -34.4% | -11,396€ | -361.8% | 2 | 504€ |