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 3851–3900 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* |
|---|
| 3851 | Haikian03680070 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,808€ | — | 1 | 895€ |
| 3852 | Han Fire and Safety Systems03356477 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3853 | Hantoria Import & Export03216535 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,511€ | — | 1 | 675€ |
| 3854 | Happines Group03397211 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,944€ | — | 1 | 982€ |
| 3855 | Happy Sparrow03484254 · Technology | 0.0% | 0€ | -100.0% | -12,557€ | — | 1 | 972€ |
| 3856 | Hardyx Real Estate03761827 · Real estate | 0.0% | 0€ | No filing for 2024. | -2,723€ | — | 1 | — |
| 3857 | Harmonija Ukusnih Senzacija03767531 · Trade | 0.0% | 0€ | No filing for 2024. | -2€ | — | 1 | — |
| 3858 | Harmony Construction03338258 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3859 | Haroa03584461 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 3860 | Have Fun03215199 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,207€ | — | 1 | 676€ |
| 3861 | Hawk Group03663205 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,116€ | — | 1 | 676€ |
| 3862 | Hazevas03498948 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 3863 | HBM03197158 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,105€ | — | 1 | 924€ |
| 3864 | HDC Montenegro03551369 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3865 | Hdstudy03679187 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,440€ | — | 2 | 928€ |
| 3866 | Health Samurai Montenegro03418472 · Technology | 0.0% | 0€ | -100.0% | -268,005€ | — | 6 | 2,108€ |
| 3867 | Healthy Time03547507 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 3868 | Hedef Group Mne03800920 · Construction | 0.0% | 0€ | No filing for 2024. | -1,073€ | — | 1 | — |
| 3869 | Helena02469367 · Agriculture | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3870 | Hello Smile03578704 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,315€ | — | 1 | 338€ |
| 3871 | Hena Architecture & Design03211835 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,760€ | — | 1 | 313€ |
| 3872 | Herdaim Mudavim03468836 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3873 | Herdem Decoration03770761 · Construction | 0.0% | 0€ | No filing for 2024. | -3,559€ | — | 1 | — |
| 3874 | Hero Fire and Safety Systems03356493 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3875 | Hes Information Technology Company03594157 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,642€ | — | 1 | 675€ |
| 3876 | Hestija Home03797376 · Manufacturing | 0.0% | 0€ | No filing for 2024. | -678€ | — | 1 | — |
| 3877 | Hidro-Instalacije RP02650533 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,426€ | — | 1 | 619€ |
| 3878 | Hif Group Montenegro03627292 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3879 | Highclere Apex Solutions03671399 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,619€ | — | 1 | 825€ |
| 3880 | Hiko Composite03645959 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,248€ | — | 1 | 675€ |
| 3881 | Hildita03470458 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,144€ | — | 1 | 916€ |
| 3882 | HM Enerji Montenegro03656586 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 3883 | HNT Investment03804330 · Construction | 0.0% | 0€ | No filing for 2024. | -1,589€ | — | 0 | — |
| 3884 | Holiday Time03502538 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,875€ | — | 1 | 678€ |
| 3885 | Horizon Company03228410 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,294€ | — | 1 | 922€ |
| 3886 | Horst Borso03453847 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,265€ | — | 2 | 677€ |
| 3887 | Hotelski Menadžment Mne03700267 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,998€ | — | 1 | 667€ |
| 3888 | HSY Turizm Gayrimenkul03569721 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,219€ | — | 1 | 675€ |
| 3889 | Hubble - Bubble Montenegro03132889 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3890 | Hummer Consulting03200205 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,497€ | — | 1 | 677€ |
| 3891 | HYDR - Agency03347168 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3892 | HYT Budva Mne03726673 · Professional services | 0.0% | 0€ | No filing for 2024. | -6,965€ | — | 1 | 557€ |
| 3893 | I803803945 · Trade | 0.0% | 0€ | No filing for 2024. | -400€ | — | 1 | — |
| 3894 | Icicle Soft03494314 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,078€ | — | 1 | 916€ |
| 3895 | Idil Tekstil03627888 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,453€ | — | 1 | 670€ |
| 3896 | Iegg03426009 · Real estate | 0.0% | 0€ | -100.0% | -11,083€ | — | 1 | 848€ |
| 3897 | I&I Brothers03797082 · Hospitality | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 3898 | Ikideniz03708551 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,785€ | — | 1 | 678€ |
| 3899 | Iliywka03788431 · Hospitality | 0.0% | 0€ | No filing for 2024. | -1,286€ | — | 1 | — |
| 3900 | Il Mare Mne03668746 · Hospitality | 0.0% | 0€ | -100.0% | 0€ | — | — | — |