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 836
* 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 | Yes Event02416174 · Professional services | 0.3% | 3,270,554€ | +44.2% | 317,273€ | 9.7% | 14 | 1,725€ |
| 2 | Jaz Express02414651 · Professional services | 0.2% | 1,645,779€ | -21.9% | 72,611€ | 4.4% | 26 | 937€ |
| 3 | Arhibiro03081354 · Professional services | 0.2% | 1,515,798€ | +441.9% | 132,810€ | 8.8% | 7 | 1,128€ |
| 4 | Byteminds Montenegro03434915 · Professional services | 0.1% | 1,203,330€ | +7.0% | 11,267€ | 0.9% | 6 | 4,047€ |
| 5 | Mix Markt Mne03482022 · Professional services | 0.1% | 1,075,294€ | +53.2% | -3,036€ | -0.3% | 5 | 2,691€ |
| 6 | Mediteran Reklame02380463 · Professional services | 0.1% | 1,061,269€ | +7.0% | 35,767€ | 3.4% | 48 | 1,347€ |
| 7 | Art & Craft02419238 · Professional services | <0.1% | 943,194€ | +82.9% | 58,378€ | 6.2% | 9 | 1,642€ |
| 8 | Vet Medica02781484 · Professional services | <0.1% | 936,043€ | +5.4% | 148,980€ | 15.9% | 15 | 811€ |
| 9 | Restart Ing03260470 · Professional services | <0.1% | 782,043€ | +100.9% | 116,351€ | 14.9% | 6 | 1,723€ |
| 10 | Naša Firma02687844 · Professional services | <0.1% | 681,452€ | -3.8% | 194,335€ | 28.5% | 18 | 1,226€ |
| 11 | B.T.I.02774640 · Professional services | <0.1% | 599,361€ | +59.5% | 1,887€ | 0.3% | 3 | 1,511€ |
| 12 | Monting Company02622637 · Professional services | <0.1% | 593,187€ | -24.6% | 21,831€ | 3.7% | 12 | 843€ |
| 13 | Bal Bay Europe03202500 · Professional services | <0.1% | 591,472€ | +105.6% | 92,883€ | 15.7% | 2 | 554€ |
| 14 | 12 Architects03242269 · Professional services | <0.1% | 478,021€ | +263.9% | 24,049€ | 5.0% | 2 | 1,563€ |
| 15 | Luna - Mne02763290 · Professional services | <0.1% | 460,808€ | +30.7% | 225,956€ | 49.0% | 9 | 622€ |
| 16 | Vemax011 Pharma03287637 · Professional services | <0.1% | 432,151€ | +28.4% | 0€ | 0.0% | 4 | 6,389€ |
| 17 | Hvac Systems02801647 · Professional services | <0.1% | 406,011€ | +22.5% | 5,409€ | 1.3% | 7 | 833€ |
| 18 | Revolution Architects03410129 · Professional services | <0.1% | 363,690€ | -36.2% | 102,044€ | 28.1% | 4 | 2,333€ |
| 19 | Sekunda02447797 · Professional services | <0.1% | 347,441€ | +20.8% | 89,562€ | 25.8% | 5 | 3,159€ |
| 20 | Morgenrot03721892 · Professional services | <0.1% | 346,208€ | No filing for 2024. | 233,393€ | 67.4% | 1 | 1,283€ |
| 21 | Ulucorp03377784 · Professional services | <0.1% | 343,830€ | +70.8% | 27,102€ | 7.9% | 1 | 1,356€ |
| 22 | As Elektro03266591 · Professional services | <0.1% | 318,981€ | +3.6% | 3,589€ | 1.1% | 6 | 1,129€ |
| 23 | Rent 4 You03378128 · Professional services | <0.1% | 316,112€ | +17.1% | 30,089€ | 9.5% | 4 | 4,132€ |
| 24 | Modena Gradnja02809559 · Professional services | <0.1% | 292,377€ | -25.0% | 135,804€ | 46.4% | 2 | 699€ |
| 25 | Talas €03115135 · Professional services | <0.1% | 291,423€ | +25.5% | 732€ | 0.3% | 3 | 812€ |
| 26 | Umbrella PBS&SO03111822 · Professional services | <0.1% | 287,400€ | +0.5% | 2,016€ | 0.7% | 14 | 1,041€ |
| 27 | Master Consulting03655172 · Professional services | <0.1% | 287,069€ | +270.9% | 56,438€ | 19.7% | 8 | 1,907€ |
| 28 | Noviglance Group03262456 · Professional services | <0.1% | 286,723€ | +160.7% | 43,697€ | 15.2% | 1 | 929€ |
| 29 | Epic Event03746909 · Professional services | <0.1% | 285,159€ | No filing for 2024. | 29,884€ | 10.5% | 1 | 1,827€ |
| 30 | Aycon Hotel Group03575594 · Professional services | <0.1% | 276,279€ | +88.8% | 154,496€ | 55.9% | 1 | 3,016€ |
| 31 | Druga Tehnička Kancelarija PCN03689042 · Professional services | <0.1% | 272,897€ | +1,719.3% | 100,516€ | 36.8% | 2 | 2,390€ |
| 32 | Dominanta02917807 · Professional services | <0.1% | 252,416€ | -23.0% | 92,125€ | 36.5% | 8 | 1,058€ |
| 33 | Construction Star03571360 · Professional services | <0.1% | 249,526€ | +8.1% | 91,079€ | 36.5% | 1 | 678€ |
| 34 | Hotelijer03157385 · Professional services | <0.1% | 246,673€ | +3.6% | 22,027€ | 8.9% | 4 | 2,202€ |
| 35 | Adriatic Accounting03277712 · Professional services | <0.1% | 237,392€ | +139.9% | 81,879€ | 34.5% | 6 | 1,230€ |
| 36 | Kalos Ambijent02653869 · Professional services | <0.1% | 235,680€ | -40.5% | 24,505€ | 10.4% | 3 | 932€ |
| 37 | Jikon02327147 · Professional services | <0.1% | 223,643€ | +2.1% | 28,835€ | 12.9% | 11 | 1,267€ |
| 38 | B&K Audit and Consultancy03174638 · Professional services | <0.1% | 217,423€ | -15.0% | 201,991€ | 92.9% | 1 | 1,106€ |
| 39 | Verum Consulting03244423 · Professional services | <0.1% | 210,191€ | -2.7% | 4,656€ | 2.2% | 8 | 1,439€ |
| 40 | Mediterranean Small Hotel Group03522385 · Professional services | <0.1% | 208,780€ | +8.3% | -33,719€ | -16.2% | 1 | 395€ |
| 41 | Adexacademy LTD03231941 · Professional services | <0.1% | 208,153€ | +255.0% | 134,342€ | 64.5% | 1 | 3,663€ |
| 42 | Malm Management and Consulting03497330 · Professional services | <0.1% | 202,243€ | +39.2% | 160,964€ | 79.6% | 1 | 1,567€ |
| 43 | Oliver - Ing02915987 · Professional services | <0.1% | 200,595€ | -41.7% | -6,359€ | -3.2% | 13 | 898€ |
| 44 | Montenegro Stars Management03355071 · Professional services | <0.1% | 200,001€ | -27.0% | 89,567€ | 44.8% | 1 | 8,198€ |
| 45 | Aktiva Sistem02879301 · Professional services | <0.1% | 198,558€ | +22.9% | 44,384€ | 22.4% | 8 | 1,098€ |
| 46 | Velvet Ip Holding & Consulting03435415 · Professional services | <0.1% | 196,453€ | +20.3% | 7,826€ | 4.0% | 1 | 5,002€ |
| 47 | Boki02835029 · Professional services | <0.1% | 193,461€ | +3.3% | 6,158€ | 3.2% | 10 | 865€ |
| 48 | Naiad Consulting03375021 · Professional services | <0.1% | 186,784€ | +33.0% | -34,887€ | -18.7% | 11 | 483€ |
| 49 | Laweden03621103 · Professional services | <0.1% | 161,782€ | +339.3% | 23,705€ | 14.7% | 1 | 2,000€ |
| 50 | VR Consulting03090205 · Professional services | <0.1% | 157,582€ | +41.3% | 12,389€ | 7.9% | 4 | 1,095€ |