Revenue
0.3% of Montenegro's revenue
223 companies earned 52.61m€ in 2025, 0.3% of all company revenue in Montenegro. It ranks 17 of 25 municipalities by revenue. Revenue has grown 4.2× since 2015.
0.3% of Montenegro's revenue
33.3 per 1,000 residents · Montenegro 57.3
Largest employer: Water Group (82)
Total profit: -1.47m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 12,396,109€ | 113 |
| 2016 | 13,293,493€ | 118 |
| 2017 | 18,210,775€ | 126 |
| 2018 | 21,925,264€ | 138 |
| 2019 | 25,829,285€ | 152 |
| 2020 | 23,023,993€ | 160 |
| 2021 | 28,442,594€ | 174 |
| 2022 | 39,154,634€ | 185 |
| 2023 | 46,175,233€ | 212 |
| 2024 | 45,899,299€ | 215 |
| 2025 (Preliminary) | 52,610,758€ | 223 |
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 1–45 of 45
* 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 | NV Group02873567 · Hospitality | 1.7% | 878,414€ | +156.5% | 4,008€ | 0.5% | 8 | 2,164€ |
| 2 | Raj Grup03029662 · Hospitality | 1.5% | 774,737€ | +26.0% | 72,497€ | 9.4% | 17 | 1,206€ |
| 3 | Sherpas03361969 · Hospitality | 1.2% | 626,938€ | +27.0% | 14,416€ | 2.3% | 15 | 1,257€ |
| 4 | White Wave02700905 · Hospitality | 1.1% | 568,281€ | -5.3% | 999€ | 0.2% | 24 | 661€ |
| 5 | Our SFRJ03271005 · Hospitality | 1.1% | 565,770€ | +38.1% | 67,207€ | 11.9% | 12 | 956€ |
| 6 | Nacional03163717 · Hospitality | 0.9% | 470,464€ | +14.3% | 75,755€ | 16.1% | 8 | 977€ |
| 7 | Dobre Vode02462109 · Hospitality | 0.6% | 324,609€ | +12.8% | -45,087€ | -13.9% | 9 | 943€ |
| 8 | Mountain Tours02783541 · Hospitality | 0.6% | 323,949€ | -6.2% | 20,977€ | 6.5% | 7 | 1,361€ |
| 9 | Dukić02897652 · Hospitality | 0.6% | 322,563€ | +1.8% | 39,272€ | 12.2% | 9 | 567€ |
| 10 | NN Tours03319822 · Hospitality | 0.4% | 226,025€ | +39.4% | 3,375€ | 1.5% | 5 | 1,252€ |
| 11 | Vivo Co03138887 · Hospitality | 0.3% | 175,138€ | -43.4% | 1,423€ | 0.8% | 9 | 523€ |
| 12 | Balkan Group02764431 · Hospitality | 0.3% | 151,199€ | +214.4% | 36,111€ | 23.9% | 6 | 716€ |
| 13 | Skrbuša02716658 · Hospitality | 0.2% | 101,162€ | +15.0% | 3,752€ | 3.7% | 4 | 731€ |
| 14 | MVP Klub03020347 · Hospitality | 0.2% | 85,898€ | +101.7% | -21,921€ | -25.5% | 3 | 813€ |
| 15 | Napoleon Montenegro03082059 · Hospitality | 0.1% | 75,564€ | +12.0% | -13,209€ | -17.5% | 2 | 763€ |
| 16 | DAJ.ME03130070 · Hospitality | 0.1% | 69,861€ | +20.3% | -18,189€ | -26.0% | 2 | 698€ |
| 17 | Koliba JM03479323 · Hospitality | 0.1% | 64,860€ | +8.0% | -814€ | -1.3% | 3 | 775€ |
| 18 | Zlatni do02205688 · Hospitality | 0.1% | 62,896€ | -1.6% | 150€ | 0.2% | 3 | 758€ |
| 19 | Pine Real Estate03579646 · Hospitality | 0.1% | 60,410€ | +333.5% | 13,521€ | 22.4% | 1 | 933€ |
| 20 | Maj02967120 · Hospitality | 0.1% | 59,811€ | +59.4% | 832€ | 1.4% | 2 | 354€ |
| 21 | DMD Strahinja03175723 · Hospitality | <0.1% | 48,618€ | +9.2% | 759€ | 1.6% | 1 | 2,904€ |
| 22 | Legenda VJ02451891 · Hospitality | <0.1% | 29,902€ | +20.7% | 1,230€ | 4.1% | 2 | — |
| 23 | Staro Ognjište03313930 · Hospitality | <0.1% | 29,366€ | -83.6% | -32,563€ | -110.9% | 3 | 475€ |
| 24 | Kolege Commerc02745011 · Hospitality | <0.1% | 20,688€ | +42.4% | -12,270€ | -59.3% | 2 | 986€ |
| 25 | Drahe02076748 · Hospitality | <0.1% | 17,954€ | -72.2% | -14,640€ | -81.5% | 2 | 674€ |
| 26 | Kafe Bar Oltar03367193 · Hospitality | <0.1% | 17,104€ | +97.8% | 3,139€ | 18.4% | 1 | 674€ |
| 27 | Alte03392651 · Hospitality | <0.1% | 16,304€ | -14.8% | -8,356€ | -51.3% | 1 | 338€ |
| 28 | Slobo Kafe03143635 · Hospitality | <0.1% | 16,030€ | -16.9% | -3,518€ | -21.9% | 1 | 685€ |
| 29 | Škorpion Ko02744309 · Hospitality | <0.1% | 10,666€ | +2.2% | -1,067€ | -10.0% | 2 | — |
| 30 | Žirci03685543 · Hospitality | <0.1% | 10,159€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 636€ | 6.3% | 1 | 677€ |
| 31 | York Hotels & Resorts03086968 · Hospitality | <0.1% | 8,961€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -93,718€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 404€ |
| 32 | Počinak M. Morača03226239 · Hospitality | <0.1% | 8,498€ | +46.3% | -9,520€ | -112.0% | 2 | 507€ |
| 33 | Vidikovac Tours02776774 · Hospitality | <0.1% | 5,645€ | +0.4% | -2,181€ | -38.6% | 1 | — |
| 34 | Luiggi Company03249328 · Hospitality | <0.1% | 4,363€ | -90.9% | -14,111€ | -323.4% | 2 | 428€ |
| 35 | Mountain Knez03372634 · Hospitality | <0.1% | 3,652€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,714€ | -567.2% | 1 | 417€ |
| 36 | Popović Estate03470687 · Hospitality | <0.1% | 3,593€ | -66.8% | -13,437€ | -374.0% | 2 | 337€ |
| 37 | Tara Spice03692671 · Hospitality | <0.1% | 1,628€ | +1,631.9% | -6,408€ | -393.6% | 1 | 436€ |
| 38 | Bold Ventures03662179 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,274€ | — | 1 | 678€ |
| 39 | Epopeja03263169 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,287€ | — | 1 | 1,107€ |
| 40 | Evernest03780627 · Hospitality | 0.0% | 0€ | No filing for 2024. | -5,001€ | — | 1 | 415€ |
| 41 | Hermes KL03796868 · Hospitality | 0.0% | 0€ | No filing for 2024. | -1,341€ | — | 1 | — |
| 42 | Montecoland02820307 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,162€ | — | 1 | 678€ |
| 43 | Morača-Vočje03380068 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,638€ | — | 1 | — |
| 44 | Ecomonte02630109 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,105€ | — | 0 | — |
| 45 | Vectormont02629666 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,026€ | — | 1 | — |