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 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* |
|---|
| 401 | Peak03737926 · Hospitality | <0.1% | 381,434€ | No filing for 2024. | 9,769€ | 2.6% | 6 | 2,169€ |
| 402 | T.F. Group03032264 · Hospitality | <0.1% | 379,089€ | +2.8% | 31,798€ | 8.4% | 9 | 1,014€ |
| 403 | Montenegroflight02432994 · Administrative services | <0.1% | 378,535€ | +5.4% | 103€ | 0.0% | 8 | 832€ |
| 404 | Temetum03096424 · Trade | <0.1% | 378,399€ | +5.4% | 86,195€ | 22.8% | 1 | 3,328€ |
| 405 | Noble Interiors03674967 · Trade | <0.1% | 377,730€ | +707.5% | 84,330€ | 22.3% | 1 | 425€ |
| 406 | Monolith Mne Distribution03466507 · Trade | <0.1% | 376,842€ | -60.8% | 3,820€ | 1.0% | 1 | 340€ |
| 407 | Mogren Company03044823 · Hospitality | <0.1% | 376,582€ | +33.1% | 66,556€ | 17.7% | 4 | 1,176€ |
| 408 | V Dental Centar02786729 · Health & social care | <0.1% | 374,794€ | +9.5% | 33,131€ | 8.8% | 8 | 1,381€ |
| 409 | Harblue03381196 · Hospitality | <0.1% | 374,722€ | -15.4% | 30,004€ | 8.0% | 10 | 527€ |
| 410 | Roganović02690390 · Transport & logistics | <0.1% | 373,555€ | -17.0% | 18,258€ | 4.9% | 19 | 642€ |
| 411 | Homaland03454673 · Manufacturing | <0.1% | 373,483€ | +3.9% | 1,158€ | 0.3% | 7 | 827€ |
| 412 | Capital House02644258 · Administrative services | <0.1% | 368,158€ | +82.6% | 62,325€ | 16.9% | 6 | 812€ |
| 413 | Stango02144727 · Construction | <0.1% | 366,064€ | -3.1% | 12,860€ | 3.5% | 10 | 1,037€ |
| 414 | Max - Corp Mne03350410 · Energy, water & waste | <0.1% | 364,685€ | +2,106.3% | 49,426€ | 13.6% | 1 | 1,099€ |
| 415 | Teatro BD03568750 · Hospitality | <0.1% | 363,720€ | -0.7% | 17,984€ | 4.9% | 3 | 1,346€ |
| 416 | Revolution Architects03410129 · Professional services | <0.1% | 363,690€ | -36.2% | 102,044€ | 28.1% | 4 | 2,333€ |
| 417 | Positive Solutions LTD03612520 · Technology | <0.1% | 363,080€ | +13.5% | -33,530€ | -9.2% | 35 | 815€ |
| 418 | Prvi Maj03412059 · Hospitality | <0.1% | 362,637€ | +2.4% | 37,834€ | 10.4% | 5 | 1,930€ |
| 419 | GM Budva02959453 · Transport & logistics | <0.1% | 361,378€ | +9.7% | 33,136€ | 9.2% | 10 | 1,063€ |
| 420 | Kasablanka02326183 · Hospitality | <0.1% | 360,819€ | +6.6% | 36,706€ | 10.2% | 10 | 710€ |
| 421 | Eurus House02854325 · Construction | <0.1% | 359,354€ | +7.5% | 8,426€ | 2.3% | 6 | 1,020€ |
| 422 | Lucky Burger03666735 · Hospitality | <0.1% | 358,350€ | +225.8% | 13,274€ | 3.7% | 5 | 1,158€ |
| 423 | Artista03634213 · Real estate | <0.1% | 357,776€ | -18.1% | 2,971€ | 0.8% | 11 | 954€ |
| 424 | Denarius02212315 · Trade | <0.1% | 357,620€ | +0.7% | 3,998€ | 1.1% | 3 | 2,102€ |
| 425 | Melagrana03173097 · Hospitality | <0.1% | 356,279€ | +22.2% | 46,747€ | 13.1% | 3 | 1,589€ |
| 426 | Proalp.Me03241092 · Administrative services | <0.1% | 355,297€ | +83.5% | 1,672€ | 0.5% | 3 | 1,802€ |
| 427 | Simpladent02943654 · Health & social care | <0.1% | 353,943€ | +48.7% | 119,963€ | 33.9% | 5 | 1,565€ |
| 428 | Id Concept02818914 · Construction | <0.1% | 352,282€ | +134.6% | 143,025€ | 40.6% | 2 | 679€ |
| 429 | Lemark03697690 · Real estate | <0.1% | 351,980€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,724€ | -8.2% | 1 | 680€ |
| 430 | Triglia03261492 · Hospitality | <0.1% | 351,702€ | -6.9% | 4,129€ | 1.2% | 8 | 723€ |
| 431 | Confidence03238512 · Construction | <0.1% | 350,531€ | -48.8% | 39,120€ | 11.2% | 5 | 2,372€ |
| 432 | Manjana03540324 · Hospitality | <0.1% | 349,455€ | -3.5% | 13,624€ | 3.9% | 7 | 1,189€ |
| 433 | Abd Group03555429 · Hospitality | <0.1% | 348,734€ | -8.2% | 11,332€ | 3.2% | 8 | 402€ |
| 434 | Garden Design03002080 · Administrative services | <0.1% | 348,477€ | -2.5% | -18,061€ | -5.2% | 14 | 653€ |
| 435 | Butua Residence02900157 · Hospitality | <0.1% | 348,088€ | +64.3% | 134,928€ | 38.8% | 3 | 601€ |
| 436 | Sekunda02447797 · Professional services | <0.1% | 347,441€ | +20.8% | 89,562€ | 25.8% | 5 | 3,159€ |
| 437 | Dalmamont Travel03226875 · Transport & logistics | <0.1% | 346,648€ | -2.5% | -60,440€ | -17.4% | 6 | 1,400€ |
| 438 | Midas Group03226018 · Trade | <0.1% | 346,544€ | -5.5% | 3,754€ | 1.1% | 8 | 751€ |
| 439 | Morgenrot03721892 · Professional services | <0.1% | 346,208€ | No filing for 2024. | 233,393€ | 67.4% | 1 | 1,283€ |
| 440 | Univerzitet Adriatik - Fakultet za Saobraćaj Komunikacije i Logistiku Budva02696363 · Education | <0.1% | 345,295€ | +14.8% | 52,417€ | 15.2% | 6 | 2,704€ |
| 441 | More & Sea03466345 · Manufacturing | <0.1% | 344,636€ | +256.3% | 3,621€ | 1.1% | 5 | 893€ |
| 442 | Ulucorp03377784 · Professional services | <0.1% | 343,830€ | +70.8% | 27,102€ | 7.9% | 1 | 1,356€ |
| 443 | Ip Petrol02871955 · Trade | <0.1% | 343,778€ | +30.4% | 11,867€ | 3.5% | 12 | 1,038€ |
| 444 | Mikro-International02380471 · Hospitality | <0.1% | 343,634€ | -17.5% | 84,652€ | 24.6% | 7 | 927€ |
| 445 | Happy Land03120953 · Administrative services | <0.1% | 343,145€ | -23.5% | 7,827€ | 2.3% | 2 | 802€ |
| 446 | Hotel Palma Jaz03298027 · Hospitality | <0.1% | 342,007€ | +42.8% | 22,326€ | 6.5% | 6 | 530€ |
| 447 | Ponta Invest03583902 · Transport & logistics | <0.1% | 341,992€ | +93.5% | 36,565€ | 10.7% | 5 | 1,036€ |
| 448 | Torpedo MD03427781 · Hospitality | <0.1% | 341,580€ | +19.4% | 48,959€ | 14.3% | 10 | 520€ |
| 449 | Zoki Mobile 10+02901358 · Trade | <0.1% | 341,481€ | -6.9% | -147,573€ | -43.2% | 4 | 1,228€ |
| 450 | Šebelj02370204 · Hospitality | <0.1% | 340,758€ | -30.6% | -32,785€ | -9.6% | 10 | 1,024€ |