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 1–50 of 462
* 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* |
|---|
| 1 | Kompas Montenegro02321688 · Administrative services | 2.0% | 20,432,879€ | -2.3% | 481,663€ | 2.4% | 27 | 1,792€ |
| 2 | Biblio Globus03016277 · Administrative services | 0.8% | 7,658,132€ | +43.2% | 83,303€ | 1.1% | 7 | 1,402€ |
| 3 | Nikšić Guard Security02656841 · Administrative services | 0.4% | 3,995,422€ | +40.6% | 476,112€ | 11.9% | 321 | 821€ |
| 4 | W Touristic03208478 · Administrative services | 0.2% | 2,177,680€ | -70.3% | 10,984€ | 0.5% | 4 | 665€ |
| 5 | Eurasia Tourism03182401 · Administrative services | 0.2% | 2,157,129€ | +18.3% | 172,273€ | 8.0% | 1 | 699€ |
| 6 | Bta02410966 · Administrative services | 0.2% | 1,963,636€ | -2.4% | 9,681€ | 0.5% | 4 | 999€ |
| 7 | Globtour Montenegro02090147 · Administrative services | 0.2% | 1,778,814€ | -4.7% | 21,742€ | 1.2% | 7 | 1,051€ |
| 8 | S & i Company02416824 · Administrative services | 0.1% | 1,050,341€ | +96.1% | 55,506€ | 5.3% | 4 | 1,421€ |
| 9 | Luminalis02412845 · Administrative services | <0.1% | 989,066€ | +29.7% | 397,502€ | 40.2% | 12 | 2,375€ |
| 10 | Talas-M02327023 · Administrative services | <0.1% | 888,389€ | +42.5% | 211,412€ | 23.8% | 17 | 1,975€ |
| 11 | Bim Security02895773 · Administrative services | <0.1% | 735,500€ | +30.6% | 42,598€ | 5.8% | 50 | 1,015€ |
| 12 | Guard F.T.O.02726467 · Administrative services | <0.1% | 711,732€ | +33.2% | 72,546€ | 10.2% | 48 | 917€ |
| 13 | Dsa02631393 · Administrative services | <0.1% | 624,203€ | -4.1% | 1,223€ | 0.2% | 5 | 678€ |
| 14 | Gulliver Montenegro02436477 · Administrative services | <0.1% | 604,715€ | +13.1% | 71,955€ | 11.9% | 19 | 958€ |
| 15 | Montenegroturist02005379 · Administrative services | <0.1% | 487,094€ | +2,163.3% | 243,148€ | 49.9% | 1 | 2,595€ |
| 16 | Odigitrija02287005 · Administrative services | <0.1% | 484,807€ | +37.0% | 11,276€ | 2.3% | 6 | 1,134€ |
| 17 | Jadranski Sajam02005514 · Administrative services | <0.1% | 474,424€ | +18.4% | 49,574€ | 10.4% | 4 | 5,541€ |
| 18 | Vipturs02760819 · Administrative services | <0.1% | 473,389€ | -4.3% | 386€ | 0.1% | 2 | 717€ |
| 19 | Pjano02645777 · Administrative services | <0.1% | 454,484€ | +21.5% | 60,420€ | 13.3% | 1 | 931€ |
| 20 | Ric-Rent-A-Car03059111 · Administrative services | <0.1% | 440,536€ | +39.7% | -82,562€ | -18.7% | 2 | 335€ |
| 21 | RR Company03443400 · Administrative services | <0.1% | 430,348€ | -56.0% | 310,928€ | 72.3% | 6 | 1,413€ |
| 22 | Crna Gora Tours02960591 · Administrative services | <0.1% | 387,100€ | +10.6% | 7,400€ | 1.9% | 2 | 15,065€ |
| 23 | Meridian Co02460335 · Administrative services | <0.1% | 386,520€ | -30.9% | 44,200€ | 11.4% | 2 | 783€ |
| 24 | Montenegroflight02432994 · Administrative services | <0.1% | 378,535€ | +5.4% | 103€ | 0.0% | 8 | 832€ |
| 25 | Capital House02644258 · Administrative services | <0.1% | 368,158€ | +82.6% | 62,325€ | 16.9% | 6 | 812€ |
| 26 | Proalp.Me03241092 · Administrative services | <0.1% | 355,297€ | +83.5% | 1,672€ | 0.5% | 3 | 1,802€ |
| 27 | Garden Design03002080 · Administrative services | <0.1% | 348,477€ | -2.5% | -18,061€ | -5.2% | 14 | 653€ |
| 28 | Happy Land03120953 · Administrative services | <0.1% | 343,145€ | -23.5% | 7,827€ | 2.3% | 2 | 802€ |
| 29 | Amon Express02260387 · Administrative services | <0.1% | 335,539€ | +15.2% | 114,013€ | 34.0% | 4 | 732€ |
| 30 | B&H Ventures03048195 · Administrative services | <0.1% | 334,973€ | +30.9% | 16,610€ | 5.0% | 3 | 1,529€ |
| 31 | Protector02387999 · Administrative services | <0.1% | 321,044€ | +9.8% | -4,424€ | -1.4% | 19 | 1,218€ |
| 32 | Artline Beauty03338967 · Administrative services | <0.1% | 304,809€ | +2.6% | 2,247€ | 0.7% | 7 | 990€ |
| 33 | Premium Holding03606490 · Administrative services | <0.1% | 299,010€ | +41.6% | 127€ | 0.0% | 2 | 448€ |
| 34 | Šuka02447061 · Administrative services | <0.1% | 289,168€ | +36.7% | 18,863€ | 6.5% | 2 | 3,696€ |
| 35 | Balkan Montenegro Travel03573362 · Administrative services | <0.1% | 287,402€ | +44.6% | 1,107€ | 0.4% | 1 | 4,586€ |
| 36 | Mac Sun D.M.C. Montenegro03302539 · Administrative services | <0.1% | 259,191€ | -8.2% | 1,058€ | 0.4% | 10 | 1,596€ |
| 37 | Montenegro Tour Organisation03291251 · Administrative services | <0.1% | 256,797€ | -9.3% | 49,672€ | 19.3% | 7 | 1,741€ |
| 38 | New Port03569519 · Administrative services | <0.1% | 252,856€ | -34.5% | 71,739€ | 28.4% | 2 | 377€ |
| 39 | Adria Line02932156 · Administrative services | <0.1% | 247,115€ | +45.1% | 3,568€ | 1.4% | 1 | 18,667€ |
| 40 | Eco Clean02699133 · Administrative services | <0.1% | 229,972€ | -77.5% | 16,945€ | 7.4% | 8 | 1,039€ |
| 41 | Budva Plaza Servis02793504 · Administrative services | <0.1% | 224,951€ | -0.2% | -31,025€ | -13.8% | 9 | 1,386€ |
| 42 | Carlson Group03171124 · Administrative services | <0.1% | 209,604€ | +10.8% | -3,486€ | -1.7% | 8 | 807€ |
| 43 | Champsei03687619 · Administrative services | <0.1% | 208,681€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,944€ | 14.3% | 20 | 608€ |
| 44 | Piloninternational02379511 · Administrative services | <0.1% | 185,839€ | -82.3% | 88,542€ | 47.6% | 4 | 1,150€ |
| 45 | Beatrix Group03406989 · Administrative services | <0.1% | 181,644€ | -28.6% | 17,969€ | 9.9% | 3 | 1,246€ |
| 46 | BB Security03077063 · Administrative services | <0.1% | 176,849€ | -0.3% | 72,462€ | 41.0% | 1 | 6,045€ |
| 47 | Royal Crown03229823 · Administrative services | <0.1% | 175,413€ | +8.7% | 13,370€ | 7.6% | 10 | 1,074€ |
| 48 | Victory Solutions03180069 · Administrative services | <0.1% | 171,332€ | +87.3% | 28,466€ | 16.6% | 5 | 1,679€ |
| 49 | Urban Plants03619508 · Administrative services | <0.1% | 171,298€ | -55.2% | 32,016€ | 18.7% | 1 | 678€ |
| 50 | Feel Free Travel03205932 · Administrative services | <0.1% | 166,851€ | +10.8% | 6,800€ | 4.1% | 1 | 1,002€ |