Revenue
720.39m€5.0× since 2015
4.1% of Montenegro's revenue
Tivat
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
Municipality · 2025
Year
Overview
Companies
2,026+1,325 since 2015
124.0 per 1,000 residents · Montenegro 57.3
Employees
7,2362.6× since 2015
Largest employer: Adriatic Marinas (212)
Profit margin
4.0%2.1 pts below average
Total profit: 28.96m€
This municipality 4.0%Montenegro: 6.1%
Payroll cost/emp./mo*
1,505€21% above average
Average per employee, not per company
This municipality 1,505€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
Companies are assigned to the municipality of their current seat for every year
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (1,822)
- 601.07m€ → 715.74m€
- Employees, same companies
- 6,604 → 6,991
- Payroll cost per employee, same companies
- 1,476€ → 1,546€
- Filed for 2025, not for 2024
- 204 companies · 4.64m€
- Filed for 2024, not for 2025
- 144 companies, 7.17m€ in 2024
Sectors and who is growing
Revenue by sector
Share of municipal revenue
Share in Montenegro- Hospitality 178.38m€Montenegro: 7.2%24.8%
- Construction 172.89m€Montenegro: 11.9%24.0%
- Trade 108.97m€Montenegro: 43.8%15.1%
- Arts & entertainment 67.84m€Montenegro: 2.7%9.4%
- Administrative services 46.00m€Montenegro: 2.3%6.4%
- Professional services 27.43m€Montenegro: 4.3%3.8%
- Real estate 25.08m€Montenegro: 1.3%3.5%
- Other sectors (11) 93.80m€13.0%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Design Interni1.23m€ → 2.30m€+87.6%
- Marković Grand Company1.95m€ → 3.61m€+85.0%
- A+ Yachting1.60m€ → 2.91m€+81.9%
- Adriatic Catering5.50m€ → 9.04m€+64.4%
- M Trans Company1.21m€ → 1.94m€+60.0%
Largest employers
Employees and payroll cost per employee per month*
- 2123,301€
- 1951,832€
- 1861,968€
- 1781,283€
- 1231,794€
All companies (2,026)
Ranked by total revenue · Showing 1–50 of 60
- 1Adriatic Marinas02467593 · Arts & entertainmentRevenue share8.4%
- Revenue
- 60,441,173€
- Revenue change 2024→2025
- +39.2%
- Profit
- 12,941,550€
- Margin
- 21.4%
- Employees
- 212
- Payroll cost/emp./mo*
- 3,301€
- 2Javna Ustanova Centar za Kulturu - Tivat02015218 · Arts & entertainmentRevenue share0.2%
- Revenue
- 1,506,517€
- Revenue change 2024→2025
- +1.5%
- Profit
- 85,028€
- Margin
- 5.6%
- Employees
- 0
- Payroll cost/emp./mo*
- —
- 3Seaars02752387 · Arts & entertainmentRevenue share0.2%
- Revenue
- 1,500,200€
- Revenue change 2024→2025
- +0.9%
- Profit
- 6,766€
- Margin
- 0.5%
- Employees
- 28
- Payroll cost/emp./mo*
- 1,135€
- 4A.C.E. Adventure02712792 · Arts & entertainmentRevenue share0.2%
- Revenue
- 1,240,020€
- Revenue change 2024→2025
- -2.1%
- Profit
- -61,667€
- Margin
- -5.0%
- Employees
- 6
- Payroll cost/emp./mo*
- 2,035€
- 5Salon Prive03364682 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 506,930€
- Revenue change 2024→2025
- -53.3%
- Profit
- -316,204€
- Margin
- -62.4%
- Employees
- 42
- Payroll cost/emp./mo*
- 769€
- 6Muse Marketing and Entertainment03324206 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 372,961€
- Revenue change 2024→2025
- -78.7%
- Profit
- 7,078€
- Margin
- 1.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 9,964€
- 7Javna Ustanova Muzej i Galerija Tivat03179290 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 358,851€
- Revenue change 2024→2025
- +16.9%
- Profit
- 22,899€
- Margin
- 6.4%
- Employees
- 10
- Payroll cost/emp./mo*
- 1,868€
- 8Radio Tivat02368811 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 307,751€
- Revenue change 2024→2025
- +14.2%
- Profit
- 5,412€
- Margin
- 1.8%
- Employees
- 17
- Payroll cost/emp./mo*
- 1,114€
- 9Gradska Biblioteka03377164 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 208,448€
- Revenue change 2024→2025
- +41.0%
- Profit
- 0€
- Margin
- 0.0%
- Employees
- 5
- Payroll cost/emp./mo*
- 2,005€
- 10Sportska Dvorana02041570 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 185,263€
- Revenue change 2024→2025
- +17.3%
- Profit
- 14,084€
- Margin
- 7.6%
- Employees
- 12
- Payroll cost/emp./mo*
- 919€
- 11Cine Grand - MCF03777456 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 185,210€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 58,157€
- Margin
- 31.4%
- Employees
- 3
- Payroll cost/emp./mo*
- 661€
- 12LX Events03451488 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 169,909€
- Revenue change 2024→2025
- +71.6%
- Profit
- 101,576€
- Margin
- 59.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 998€
- 13Luel02379902 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 166,253€
- Revenue change 2024→2025
- +216.7%
- Profit
- -43,285€
- Margin
- -26.0%
- Employees
- 2
- Payroll cost/emp./mo*
- 619€
- 14LB Golf Operations03749509 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 103,659€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -10,426€
- Margin
- -10.1%
- Employees
- 4
- Payroll cost/emp./mo*
- 722€
- 15Hrvatska Krovna Zajednica - Dux Croatorum02649926 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 103,288€
- Revenue change 2024→2025
- +27.7%
- Profit
- 0€
- Margin
- 0.0%
- Employees
- 3
- Payroll cost/emp./mo*
- 1,661€
- 16Kids Group03618048 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 83,619€
- Revenue change 2024→2025
- +22.0%
- Profit
- 2,057€
- Margin
- 2.5%
- Employees
- 5
- Payroll cost/emp./mo*
- 777€
- 17Marinart INC.03299902 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 48,512€
- Revenue change 2024→2025
- -21.7%
- Profit
- -11,074€
- Margin
- -22.8%
- Employees
- 3
- Payroll cost/emp./mo*
- 508€
- 18Ogorod03475123 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 48,358€
- Revenue change 2024→2025
- +9.9%
- Profit
- -50,600€
- Margin
- -104.6%
- Employees
- 8
- Payroll cost/emp./mo*
- 939€
- 19Gecko Corp03492320 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 44,798€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 16,113€
- Margin
- 36.0%
- Employees
- 2
- Payroll cost/emp./mo*
- 1,134€
- 20Pesago02248727 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 34,207€
- Revenue change 2024→2025
- +173.8%
- Profit
- 7,523€
- Margin
- 22.0%
- Employees
- 2
- Payroll cost/emp./mo*
- 675€
- 21Asian Wife03536734 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 28,071€
- Revenue change 2024→2025
- +78.8%
- Profit
- 7,898€
- Margin
- 28.1%
- Employees
- 2
- Payroll cost/emp./mo*
- 675€
- 22Lushticakids03174875 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 23,888€
- Revenue change 2024→2025
- +751.9%
- Profit
- -22,937€
- Margin
- -96.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 920€
- 23Zaharije Orfelin03468992 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 23,675€
- Revenue change 2024→2025
- -1.4%
- Profit
- 1,482€
- Margin
- 6.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
- 24Sport&Adventure K403330974 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 16,815€
- Revenue change 2024→2025
- -40.2%
- Profit
- 4,203€
- Margin
- 25.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 675€
- 25Obrazovni Centar Smart03696421 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 16,504€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -5,805€
- Margin
- -35.2%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,321€
- 26The Dance Academy03637042 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 15,429€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -51,109€
- Margin
- -331.3%
- Employees
- 2
- Payroll cost/emp./mo*
- 2,021€
- 27Stassi Athletics03626652 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 12,957€
- Revenue change 2024→2025
- -51.7%
- Profit
- -871€
- Margin
- -6.7%
- Employees
- 1
- Payroll cost/emp./mo*
- 886€
- 28Kokorin Art03486079 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 12,885€
- Revenue change 2024→2025
- -25.0%
- Profit
- -3,117€
- Margin
- -24.2%
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 29Media Synchron03430588 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 12,474€
- Revenue change 2024→2025
- -60.1%
- Profit
- -13,690€
- Margin
- -109.7%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,011€
- 30Latino Dance Institute03635279 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 11,757€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 3,574€
- Margin
- 30.4%
- Employees
- 1
- Payroll cost/emp./mo*
- 682€
- 31Olmar02996294 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 10,250€
- Revenue change 2024→2025
- -71.4%
- Profit
- -8,149€
- Margin
- -79.5%
- Employees
- 2
- Payroll cost/emp./mo*
- 654€
- 32Fcfreedom03417450 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 9,380€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -9,195€
- Margin
- -98.0%
- Employees
- 2
- Payroll cost/emp./mo*
- 675€
- 33Veri Veroza02953013 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 8,115€
- Revenue change 2024→2025
- -1.3%
- Profit
- -2,213€
- Margin
- -27.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 703€
- 34Kreativni Kutak Kids Club Ams03777596 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 6,780€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -2,007€
- Margin
- -29.6%
- Employees
- 1
- Payroll cost/emp./mo*
- 415€
- 35Crna Ink03229050 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 4,840€
- Revenue change 2024→2025
- +115.1%
- Profit
- -6,411€
- Margin
- -132.5%
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 36Horeca Marketing03504778 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 3,461€
- Revenue change 2024→2025
- -17.6%
- Profit
- -1,340€
- Margin
- -38.7%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 37Visola03407594 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 3,200€
- Revenue change 2024→2025
- +8.5%
- Profit
- -1,840€
- Margin
- -57.5%
- Employees
- 1
- Payroll cost/emp./mo*
- 356€
- 38Discover Balkans03734056 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 2,000€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -5,455€
- Margin
- -272.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 536€
- 39Swiss Capital Partners03736989 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 2,000€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -6,278€
- Margin
- -313.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 564€
- 40Element -X03470598 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 1,650€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -13,618€
- Margin
- -825.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 931€
- 41Komo Group03476928 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 1,100€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -9,258€
- Margin
- -841.6%
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 42Osso03482758 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 800€
- Revenue change 2024→2025
- +166.7%
- Profit
- -8,560€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 780€
- 43Phenomenon Visual Arts03411761 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 795€
- Revenue change 2024→2025
- +60.6%
- Profit
- -13,241€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 2
- Payroll cost/emp./mo*
- 463€
- 44Ozbi-M02949253 · Arts & entertainmentRevenue share<0.1%
- Revenue
- 108€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,915€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 459lives03749851 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -5,777€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 481€
- 46Bordo Art03554236 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -10,165€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 47Apreda03697932 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -10,774€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 898€
- 48Bloomica03780244 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -3,245€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 49Firehall03590488 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -11,433€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 927€
- 50Fitness For Life Style03810305 · Arts & entertainmentRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -47€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
* 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 →
Companies in Tivat ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR