Revenue
4.1% of Montenegro's revenue
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.
4.1% of Montenegro's revenue
124.0 per 1,000 residents · Montenegro 57.3
Largest employer: Adriatic Marinas (212)
Total profit: 28.96m€
Average per employee, not per company
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
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 176
* 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 | PM Hotels02790220 · Administrative services | 1.6% | 11,321,219€ | +4.4% | 224,433€ | 2.0% | 186 | 1,968€ |
| 2 | LB Town Management03327299 · Administrative services | 1.3% | 9,231,015€ | +2.3% | -864,677€ | -9.4% | 123 | 2,702€ |
| 3 | Aaa -1 Rent02720817 · Administrative services | 0.6% | 4,343,405€ | +6.6% | 400,105€ | 9.2% | 22 | 1,810€ |
| 4 | Montenegro Destinations02919095 · Administrative services | 0.5% | 3,627,485€ | -5.8% | 200,409€ | 5.5% | 16 | 1,746€ |
| 5 | Boka Waves03289702 · Administrative services | 0.5% | 3,515,194€ | +21.9% | 468,723€ | 13.3% | 8 | 1,617€ |
| 6 | LB Security and Emergency Response Services03416089 · Administrative services | 0.2% | 1,687,106€ | +83.7% | 607,496€ | 36.0% | 41 | 1,936€ |
| 7 | Center Cruises03451364 · Administrative services | 0.2% | 1,129,078€ | +64.3% | 13,199€ | 1.2% | 1 | 681€ |
| 8 | Sip02116421 · Administrative services | 0.1% | 940,331€ | -22.3% | 25,409€ | 2.7% | 6 | 1,244€ |
| 9 | Montenegro Concierge DMC03340449 · Administrative services | 0.1% | 917,566€ | +98.8% | 290,317€ | 31.6% | 12 | 2,448€ |
| 10 | Montenegro Charter Limited03122522 · Administrative services | 0.1% | 902,824€ | -19.1% | 37,635€ | 4.2% | 2 | 4,126€ |
| 11 | Abeona03124053 · Administrative services | 0.1% | 858,979€ | +86.6% | 264,617€ | 30.8% | 3 | 845€ |
| 12 | Sitngo03126030 · Administrative services | 0.1% | 775,737€ | +303.3% | 370,543€ | 47.8% | 2 | 835€ |
| 13 | Montenegro In Style03130517 · Administrative services | 0.1% | 751,236€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 120,166€ | 16.0% | 2 | 1,955€ |
| 14 | Carogo Group03628035 · Administrative services | <0.1% | 478,814€ | +83.0% | 70,972€ | 14.8% | 4 | 852€ |
| 15 | KMB Company03125394 · Administrative services | <0.1% | 379,495€ | +60.4% | 42,330€ | 11.2% | 3 | 697€ |
| 16 | Good Choice03048667 · Administrative services | <0.1% | 360,564€ | +42.0% | 75,854€ | 21.0% | 6 | 442€ |
| 17 | Global Experts03681769 · Administrative services | <0.1% | 306,983€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,362€ | 3.7% | 1 | 11,627€ |
| 18 | Leks & Co03665364 · Administrative services | <0.1% | 279,395€ | +377.5% | 90,627€ | 32.4% | 1 | 13,292€ |
| 19 | MB Dubovina02153246 · Administrative services | <0.1% | 270,949€ | +22.3% | 32,433€ | 12.0% | 6 | 887€ |
| 20 | MYR Yachts Registration03471802 · Administrative services | <0.1% | 229,599€ | +22.2% | 57,825€ | 25.2% | 3 | 957€ |
| 21 | Prime Consult02865009 · Administrative services | <0.1% | 205,107€ | +2.3% | 2,054€ | 1.0% | 3 | 599€ |
| 22 | La Purezza03218406 · Administrative services | <0.1% | 181,272€ | +71.3% | 18,102€ | 10.0% | 1 | 8,556€ |
| 23 | Kal Monte02879824 · Administrative services | <0.1% | 161,147€ | +18.9% | -1,837,236€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 24 | Abris Montenegro03488225 · Administrative services | <0.1% | 151,126€ | +176.7% | -3,302€ | -2.2% | 1 | 680€ |
| 25 | Shine M & D03391442 · Administrative services | <0.1% | 130,900€ | +58.1% | 45,774€ | 35.0% | 4 | 1,356€ |
| 26 | Adria Bridge03358879 · Administrative services | <0.1% | 125,557€ | +68.0% | 55,478€ | 44.2% | 1 | 1,868€ |
| 27 | M & D Company Rent03287718 · Administrative services | <0.1% | 117,080€ | +64.5% | 25,873€ | 22.1% | 2 | 2,073€ |
| 28 | V & D Boka02656035 · Administrative services | <0.1% | 112,929€ | -36.6% | 2,140€ | 1.9% | 1 | 844€ |
| 29 | Indigo Blue03021254 · Administrative services | <0.1% | 104,466€ | +473.9% | -12,497€ | -12.0% | 1 | 720€ |
| 30 | Instacar03408884 · Administrative services | <0.1% | 98,047€ | +252.9% | 3,120€ | 3.2% | 9 | 708€ |
| 31 | Tiph03468577 · Administrative services | <0.1% | 96,640€ | -11.0% | 48,029€ | 49.7% | 2 | 459€ |
| 32 | Dandelion HR Services & Management03329208 · Administrative services | <0.1% | 90,000€ | -58.4% | -13,471€ | -15.0% | 8 | 994€ |
| 33 | Rivamare Tours03352161 · Administrative services | <0.1% | 88,130€ | -24.9% | 6,021€ | 6.8% | 2 | 832€ |
| 34 | Candy Laundry and Cleaning03746593 · Administrative services | <0.1% | 83,226€ | No filing for 2024. | 46,120€ | 55.4% | 1 | 760€ |
| 35 | Voss Global Marketing03157342 · Administrative services | <0.1% | 79,448€ | +8.1% | 4,676€ | 5.9% | 1 | 1,026€ |
| 36 | WDFX Solutions03465047 · Administrative services | <0.1% | 78,800€ | -15.2% | -302€ | -0.4% | 1 | 6,231€ |
| 37 | Dimitris03541690 · Administrative services | <0.1% | 75,618€ | +88.5% | -25,347€ | -33.5% | 8 | 657€ |
| 38 | Draga Gora02986264 · Administrative services | <0.1% | 59,594€ | -42.5% | -3,510€ | -5.9% | 3 | 1,125€ |
| 39 | Boathouse03177254 · Administrative services | <0.1% | 54,454€ | +107.6% | -7,644€ | -14.0% | 4 | 827€ |
| 40 | Marand202403699609 · Administrative services | <0.1% | 53,128€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,340€ | 28.9% | 2 | 459€ |
| 41 | Discover Montenegro02983567 · Administrative services | <0.1% | 51,240€ | +65.2% | 43,654€ | 85.2% | 1 | — |
| 42 | Sapcom02953188 · Administrative services | <0.1% | 50,079€ | -21.9% | 511€ | 1.0% | 1 | 816€ |
| 43 | 2MCB03530582 · Administrative services | <0.1% | 49,990€ | +66.8% | 15,654€ | 31.3% | 2 | 469€ |
| 44 | Inspire Yachts03733297 · Administrative services | <0.1% | 48,648€ | No filing for 2024. | -39,310€ | -80.8% | 1 | 590€ |
| 45 | Montero Company03225399 · Administrative services | <0.1% | 48,294€ | +2.4% | -762€ | -1.6% | 2 | 677€ |
| 46 | Terranautika03186547 · Administrative services | <0.1% | 47,811€ | -57.8% | -19,627€ | -41.1% | 2 | 935€ |
| 47 | Adriatic Star Managment03461505 · Administrative services | <0.1% | 44,211€ | +56.1% | -7,889€ | -17.8% | 3 | 781€ |
| 48 | Best Star02866765 · Administrative services | <0.1% | 41,124€ | -42.8% | -5,813€ | -14.1% | 1 | 679€ |
| 49 | Rentegro03651991 · Administrative services | <0.1% | 38,798€ | +426.6% | -649€ | -1.7% | 1 | 675€ |
| 50 | Spectra Property Management03654877 · Administrative services | <0.1% | 37,956€ | +292.5% | 7,922€ | 20.9% | 1 | 345€ |