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 4051–4100 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* |
|---|
| 4051 | Lux Real Adria03187063 · Real estate | 0.0% | 0€ | -100.0% | -12,157€ | — | 1 | 916€ |
| 4052 | Luxtiv03318354 · Technology | 0.0% | 0€ | -100.0% | -5,688€ | — | 2 | — |
| 4053 | M1 Montenegro Company03426467 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,985€ | — | 1 | 677€ |
| 4054 | M2 Soft03513777 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,133€ | — | 1 | 678€ |
| 4055 | Maat Services03514838 · Administrative services | 0.0% | 0€ | -100.0% | -8,436€ | — | 1 | 677€ |
| 4056 | Maberton LTD03174808 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4057 | Maclaud03486320 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,205€ | — | 1 | 675€ |
| 4058 | Ma Development Design03430090 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,074€ | — | 1 | — |
| 4059 | Mag Media03656110 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,668€ | — | 1 | 926€ |
| 4060 | Magnum02995344 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 4061 | Magy Clean03807193 · Personal services | 0.0% | 0€ | No filing for 2024. | -940€ | — | 0 | — |
| 4062 | Malique03149838 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,671€ | — | 1 | 924€ |
| 4063 | Mallva03432670 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,069€ | — | 1 | 670€ |
| 4064 | Maltas03425274 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,199€ | — | 1 | 675€ |
| 4065 | Mandarin May03776905 · Hospitality | 0.0% | 0€ | No filing for 2024. | -4,339€ | — | 2 | — |
| 4066 | Manik03185389 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,966€ | — | 1 | — |
| 4067 | Marble Broker03195236 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 4068 | Marine Exploration03730883 · Education | 0.0% | 0€ | No filing for 2024. | -7,113€ | — | 0 | — |
| 4069 | Marintronik03686841 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 4070 | Maris Spatium03630587 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,762€ | — | 1 | 527€ |
| 4071 | Maritsa03173895 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,663€ | — | 1 | 925€ |
| 4072 | Marmara Reklam03662012 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,285€ | — | 1 | 1,341€ |
| 4073 | Marzipan03367380 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 4074 | Master Denis03726355 · Trade | 0.0% | 0€ | No filing for 2024. | -8,893€ | — | 0 | — |
| 4075 | Master Pro03515141 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,809€ | — | 1 | 636€ |
| 4076 | Matilda&Partners03762939 · Technology | 0.0% | 0€ | No filing for 2024. | -3,908€ | — | 1 | — |
| 4077 | Maus Montenegro03209865 · Education | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4078 | Maz Engineering03499901 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,168€ | — | 1 | 678€ |
| 4079 | Mcaprofit Mne03707881 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,002€ | — | 1 | 916€ |
| 4080 | MDS Group03501655 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,714€ | — | 1 | — |
| 4081 | Mdspeech03558339 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,936€ | — | 1 | 926€ |
| 4082 | MDW Company03297349 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,898€ | — | 1 | 678€ |
| 4083 | Mediadio03686787 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 4084 | Mediforma03800105 · Trade | 0.0% | 0€ | No filing for 2024. | -305€ | — | 1 | — |
| 4085 | Medpers03544443 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,814€ | — | 1 | 928€ |
| 4086 | Melanfam03642429 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 4087 | Melcey03723879 · Professional services | 0.0% | 0€ | No filing for 2024. | -6,808€ | — | 1 | 561€ |
| 4088 | Memaks Group03655148 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 4089 | Memo Communication03226182 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,580€ | — | 1 | 924€ |
| 4090 | Memos03230708 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,144€ | — | 1 | 916€ |
| 4091 | Menderes Consulting03250911 · Professional services | 0.0% | 0€ | -100.0% | -24,213€ | — | 1 | 845€ |
| 4092 | Mer Company03497313 · Hospitality | 0.0% | 0€ | -100.0% | -36,675€ | — | 9 | — |
| 4093 | Meronpai03490726 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,175€ | — | 1 | 677€ |
| 4094 | Mesan Construction & Construction Materials03211754 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,020€ | — | 1 | 335€ |
| 4095 | Metal Technologi03575497 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,796€ | — | 1 | 927€ |
| 4096 | Meta Simulations03455866 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 4097 | Meteks03466485 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,816€ | — | 1 | 678€ |
| 4098 | Metron Ariston03707202 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,325€ | — | 1 | 678€ |
| 4099 | MF Invest02676737 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 4100 | MG Dream Living03791459 · Real estate | 0.0% | 0€ | No filing for 2024. | -1,009€ | — | 1 | — |