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 401–450 of 789
* 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* |
|---|
| 401 | Kodrajka Caffe03393232 · Hospitality | <0.1% | 22,490€ | +23.3% | 305€ | 1.4% | 1 | 928€ |
| 402 | Nim Butua03357678 · Hospitality | <0.1% | 22,254€ | +0.4% | -588€ | -2.6% | 1 | 395€ |
| 403 | Wind Group Mne03489655 · Hospitality | <0.1% | 21,688€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,501€ | 62.3% | 1 | 677€ |
| 404 | CBR03135861 · Hospitality | <0.1% | 21,570€ | -39.4% | -11,230€ | -52.1% | 2 | — |
| 405 | Gama Hotels02622246 · Hospitality | <0.1% | 21,331€ | -21.2% | -19,533€ | -91.6% | 1 | 1,856€ |
| 406 | Black Moon03614239 · Hospitality | <0.1% | 20,851€ | +2,975.4% | -8,470€ | -40.6% | 2 | 665€ |
| 407 | Eferen03598187 · Hospitality | <0.1% | 20,371€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,883€ | -63.2% | 1 | 796€ |
| 408 | Mahakala Center03104125 · Hospitality | <0.1% | 20,079€ | +4.5% | -4,120€ | -20.5% | 1 | 450€ |
| 409 | Cun - Cun Travel03729443 · Hospitality | <0.1% | 19,840€ | No filing for 2024. | 5,739€ | 28.9% | 1 | 835€ |
| 410 | Estrella77703440958 · Hospitality | <0.1% | 18,905€ | +14.6% | -8,066€ | -42.7% | 2 | 335€ |
| 411 | Truckster03519732 · Hospitality | <0.1% | 18,868€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,582€ | 50.8% | 1 | 675€ |
| 412 | BRM Logistic03538125 · Hospitality | <0.1% | 18,392€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,787€ | -9.7% | 2 | 569€ |
| 413 | Trockley MN02433974 · Hospitality | <0.1% | 18,001€ | -60.7% | -9,454€ | -52.5% | 1 | 680€ |
| 414 | Best In Burger03328031 · Hospitality | <0.1% | 17,252€ | -3.3% | -34,715€ | -201.2% | 6 | 475€ |
| 415 | Strixbar03600726 · Hospitality | <0.1% | 17,032€ | +47.4% | -3,320€ | -19.5% | 1 | 675€ |
| 416 | Nopeca03691489 · Hospitality | <0.1% | 16,771€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,665€ | -57.6% | 1 | 759€ |
| 417 | Nelly Montenegro03514218 · Hospitality | <0.1% | 16,545€ | +164.4% | 2,326€ | 14.1% | 1 | 731€ |
| 418 | M-Club02170701 · Hospitality | <0.1% | 16,425€ | -27.7% | -5,309€ | -32.3% | 1 | 600€ |
| 419 | Andrey Selin i Co03375153 · Hospitality | <0.1% | 16,034€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,967€ | -12.3% | 1 | 1,341€ |
| 420 | Yu - Montenegro02379520 · Hospitality | <0.1% | 15,641€ | +123.4% | -1,080€ | -6.9% | 1 | — |
| 421 | Aselina03646335 · Hospitality | <0.1% | 15,539€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,440€ | -35.0% | 1 | 767€ |
| 422 | DSL Development03422879 · Hospitality | <0.1% | 14,499€ | +50.8% | 996€ | 6.9% | 1 | 1,030€ |
| 423 | Sunset Group03653331 · Hospitality | <0.1% | 14,413€ | +332.3% | -8,280€ | -57.4% | 1 | 563€ |
| 424 | Š A J o02353881 · Hospitality | <0.1% | 14,405€ | +6.2% | -8,150€ | -56.6% | 2 | 338€ |
| 425 | Burger Craft03380912 · Hospitality | <0.1% | 14,326€ | -41.7% | -23,219€ | -162.1% | 3 | 704€ |
| 426 | Rekreaturs02901757 · Hospitality | <0.1% | 13,760€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -159,079€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,216€ |
| 427 | Paciencia03779742 · Hospitality | <0.1% | 13,498€ | No filing for 2024. | 3,642€ | 27.0% | 1 | — |
| 428 | Genuine Group03563600 · Hospitality | <0.1% | 12,706€ | +44.9% | 2,887€ | 22.7% | 1 | 787€ |
| 429 | Svetstroj02454572 · Hospitality | <0.1% | 12,463€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,673€ | 45.5% | 1 | 561€ |
| 430 | Goldstone Group03634272 · Hospitality | <0.1% | 11,855€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -51,927€ | -438.0% | 2 | 1,115€ |
| 431 | Božović D&D Company02394855 · Hospitality | <0.1% | 11,827€ | +8.4% | -2,210€ | -18.7% | 1 | 675€ |
| 432 | Himikoff03500152 · Hospitality | <0.1% | 11,766€ | -42.9% | -12,036€ | -102.3% | 2 | 619€ |
| 433 | Efem Gida Company03486257 · Hospitality | <0.1% | 11,493€ | +77.6% | 79€ | 0.7% | 1 | 676€ |
| 434 | Roselina Mne03769534 · Hospitality | <0.1% | 11,220€ | No filing for 2024. | -9,002€ | -80.2% | 1 | 416€ |
| 435 | Mint&Melissa03477835 · Hospitality | <0.1% | 10,552€ | +727.6% | 2,133€ | 20.2% | 1 | 677€ |
| 436 | Southsea Innovations03615138 · Hospitality | <0.1% | 10,128€ | -45.7% | -10,248€ | -101.2% | 2 | 470€ |
| 437 | Scout02665484 · Hospitality | <0.1% | 9,917€ | +71.4% | -28,026€ | -282.6% | 1 | 670€ |
| 438 | Esse03619885 · Hospitality | <0.1% | 9,854€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,280€ | -114.5% | 1 | 706€ |
| 439 | Blue Orange Company03633870 · Hospitality | <0.1% | 9,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22€ | 0.2% | 1 | 670€ |
| 440 | Placer03042448 · Hospitality | <0.1% | 9,740€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,584€ | -57.3% | 1 | 718€ |
| 441 | Arya Asya Turizm03632903 · Hospitality | <0.1% | 9,693€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,045€ | -72.7% | 1 | 675€ |
| 442 | Monfood03515281 · Hospitality | <0.1% | 8,574€ | -86.1% | -18,513€ | -215.9% | 2 | 434€ |
| 443 | 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€ |
| 444 | 08603808645 · Hospitality | <0.1% | 8,058€ | No filing for 2024. | 6,953€ | 86.3% | 1 | — |
| 445 | Baia Group of Compaines03395901 · Hospitality | <0.1% | 7,355€ | +83.9% | -16,257€ | -221.0% | 1 | 670€ |
| 446 | Ramziya03598209 · Hospitality | <0.1% | 7,200€ | +23.1% | -1,684€ | -23.4% | 1 | 670€ |
| 447 | Suvolta Montenegro03506967 · Hospitality | <0.1% | 7,148€ | -53.8% | -16,505€ | -230.9% | 3 | 470€ |
| 448 | Platon Dev03423204 · Hospitality | <0.1% | 6,809€ | -28.1% | -2,876€ | -42.2% | 1 | 801€ |
| 449 | Summers Corner03699994 · Hospitality | <0.1% | 6,800€ | No filing for 2024. | -2,371€ | -34.9% | 0 | — |
| 450 | Spila Group03013855 · Hospitality | <0.1% | 6,535€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,093€ | -77.9% | 2 | 338€ |