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 60
* 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 | Adriatic Marinas02467593 · Arts & entertainment | 8.4% | 60,441,173€ | +39.2% | 12,941,550€ | 21.4% | 212 | 3,301€ |
| 2 | Javna Ustanova Centar za Kulturu - Tivat02015218 · Arts & entertainment | 0.2% | 1,506,517€ | +1.5% | 85,028€ | 5.6% | 0 | — |
| 3 | Seaars02752387 · Arts & entertainment | 0.2% | 1,500,200€ | +0.9% | 6,766€ | 0.5% | 28 | 1,135€ |
| 4 | A.C.E. Adventure02712792 · Arts & entertainment | 0.2% | 1,240,020€ | -2.1% | -61,667€ | -5.0% | 6 | 2,035€ |
| 5 | Salon Prive03364682 · Arts & entertainment | <0.1% | 506,930€ | -53.3% | -316,204€ | -62.4% | 42 | 769€ |
| 6 | Muse Marketing and Entertainment03324206 · Arts & entertainment | <0.1% | 372,961€ | -78.7% | 7,078€ | 1.9% | 1 | 9,964€ |
| 7 | Javna Ustanova Muzej i Galerija Tivat03179290 · Arts & entertainment | <0.1% | 358,851€ | +16.9% | 22,899€ | 6.4% | 10 | 1,868€ |
| 8 | Radio Tivat02368811 · Arts & entertainment | <0.1% | 307,751€ | +14.2% | 5,412€ | 1.8% | 17 | 1,114€ |
| 9 | Gradska Biblioteka03377164 · Arts & entertainment | <0.1% | 208,448€ | +41.0% | 0€ | 0.0% | 5 | 2,005€ |
| 10 | Sportska Dvorana02041570 · Arts & entertainment | <0.1% | 185,263€ | +17.3% | 14,084€ | 7.6% | 12 | 919€ |
| 11 | Cine Grand - MCF03777456 · Arts & entertainment | <0.1% | 185,210€ | No filing for 2024. | 58,157€ | 31.4% | 3 | 661€ |
| 12 | LX Events03451488 · Arts & entertainment | <0.1% | 169,909€ | +71.6% | 101,576€ | 59.8% | 1 | 998€ |
| 13 | Luel02379902 · Arts & entertainment | <0.1% | 166,253€ | +216.7% | -43,285€ | -26.0% | 2 | 619€ |
| 14 | LB Golf Operations03749509 · Arts & entertainment | <0.1% | 103,659€ | No filing for 2024. | -10,426€ | -10.1% | 4 | 722€ |
| 15 | Hrvatska Krovna Zajednica - Dux Croatorum02649926 · Arts & entertainment | <0.1% | 103,288€ | +27.7% | 0€ | 0.0% | 3 | 1,661€ |
| 16 | Kids Group03618048 · Arts & entertainment | <0.1% | 83,619€ | +22.0% | 2,057€ | 2.5% | 5 | 777€ |
| 17 | Marinart INC.03299902 · Arts & entertainment | <0.1% | 48,512€ | -21.7% | -11,074€ | -22.8% | 3 | 508€ |
| 18 | Ogorod03475123 · Arts & entertainment | <0.1% | 48,358€ | +9.9% | -50,600€ | -104.6% | 8 | 939€ |
| 19 | Gecko Corp03492320 · Arts & entertainment | <0.1% | 44,798€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,113€ | 36.0% | 2 | 1,134€ |
| 20 | Pesago02248727 · Arts & entertainment | <0.1% | 34,207€ | +173.8% | 7,523€ | 22.0% | 2 | 675€ |
| 21 | Asian Wife03536734 · Arts & entertainment | <0.1% | 28,071€ | +78.8% | 7,898€ | 28.1% | 2 | 675€ |
| 22 | Lushticakids03174875 · Arts & entertainment | <0.1% | 23,888€ | +751.9% | -22,937€ | -96.0% | 1 | 920€ |
| 23 | Zaharije Orfelin03468992 · Arts & entertainment | <0.1% | 23,675€ | -1.4% | 1,482€ | 6.3% | 1 | 929€ |
| 24 | Sport&Adventure K403330974 · Arts & entertainment | <0.1% | 16,815€ | -40.2% | 4,203€ | 25.0% | 1 | 675€ |
| 25 | Obrazovni Centar Smart03696421 · Arts & entertainment | <0.1% | 16,504€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,805€ | -35.2% | 1 | 1,321€ |
| 26 | The Dance Academy03637042 · Arts & entertainment | <0.1% | 15,429€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -51,109€ | -331.3% | 2 | 2,021€ |
| 27 | Stassi Athletics03626652 · Arts & entertainment | <0.1% | 12,957€ | -51.7% | -871€ | -6.7% | 1 | 886€ |
| 28 | Kokorin Art03486079 · Arts & entertainment | <0.1% | 12,885€ | -25.0% | -3,117€ | -24.2% | 1 | 926€ |
| 29 | Media Synchron03430588 · Arts & entertainment | <0.1% | 12,474€ | -60.1% | -13,690€ | -109.7% | 1 | 1,011€ |
| 30 | Latino Dance Institute03635279 · Arts & entertainment | <0.1% | 11,757€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,574€ | 30.4% | 1 | 682€ |
| 31 | Olmar02996294 · Arts & entertainment | <0.1% | 10,250€ | -71.4% | -8,149€ | -79.5% | 2 | 654€ |
| 32 | Fcfreedom03417450 · Arts & entertainment | <0.1% | 9,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,195€ | -98.0% | 2 | 675€ |
| 33 | Veri Veroza02953013 · Arts & entertainment | <0.1% | 8,115€ | -1.3% | -2,213€ | -27.3% | 1 | 703€ |
| 34 | Kreativni Kutak Kids Club Ams03777596 · Arts & entertainment | <0.1% | 6,780€ | No filing for 2024. | -2,007€ | -29.6% | 1 | 415€ |
| 35 | Crna Ink03229050 · Arts & entertainment | <0.1% | 4,840€ | +115.1% | -6,411€ | -132.5% | 1 | 926€ |
| 36 | Horeca Marketing03504778 · Arts & entertainment | <0.1% | 3,461€ | -17.6% | -1,340€ | -38.7% | 1 | — |
| 37 | Visola03407594 · Arts & entertainment | <0.1% | 3,200€ | +8.5% | -1,840€ | -57.5% | 1 | 356€ |
| 38 | Discover Balkans03734056 · Arts & entertainment | <0.1% | 2,000€ | No filing for 2024. | -5,455€ | -272.8% | 1 | 536€ |
| 39 | Swiss Capital Partners03736989 · Arts & entertainment | <0.1% | 2,000€ | No filing for 2024. | -6,278€ | -313.9% | 1 | 564€ |
| 40 | Element -X03470598 · Arts & entertainment | <0.1% | 1,650€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,618€ | -825.3% | 1 | 931€ |
| 41 | Komo Group03476928 · Arts & entertainment | <0.1% | 1,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,258€ | -841.6% | 1 | 678€ |
| 42 | Osso03482758 · Arts & entertainment | <0.1% | 800€ | +166.7% | -8,560€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 780€ |
| 43 | Phenomenon Visual Arts03411761 · Arts & entertainment | <0.1% | 795€ | +60.6% | -13,241€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 463€ |
| 44 | Ozbi-M02949253 · Arts & entertainment | <0.1% | 108€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,915€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 45 | 9lives03749851 · Arts & entertainment | 0.0% | 0€ | No filing for 2024. | -5,777€ | — | 1 | 481€ |
| 46 | Bordo Art03554236 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,165€ | — | 1 | 678€ |
| 47 | Apreda03697932 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,774€ | — | 1 | 898€ |
| 48 | Bloomica03780244 · Arts & entertainment | 0.0% | 0€ | No filing for 2024. | -3,245€ | — | 1 | — |
| 49 | Firehall03590488 · Arts & entertainment | 0.0% | 0€ | -100.0% | -11,433€ | — | 1 | 927€ |
| 50 | Fitness For Life Style03810305 · Arts & entertainment | 0.0% | 0€ | No filing for 2024. | -47€ | — | 1 | — |