Revenue
0.2% of Montenegro's revenue
176 companies earned 37.18m€ in 2025, 0.2% of all company revenue in Montenegro. It ranks 18 of 18 sectors by revenue. Revenue has grown 6.1× since 2015.
0.2% of Montenegro's revenue
134 with at most one employee
Largest employer: Institut za Ljekove i Medicinska Sredstva (70)
Total profit: 1.93m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 6,059,866€ | 31 |
| 2016 | 6,328,872€ | 33 |
| 2017 | 5,685,953€ | 32 |
| 2018 | 5,593,346€ | 34 |
| 2019 | 6,203,501€ | 36 |
| 2020 | 6,412,956€ | 40 |
| 2021 | 6,784,760€ | 42 |
| 2022 | 9,058,739€ | 48 |
| 2023 | 11,682,479€ | 62 |
| 2024 | 19,320,424€ | 70 |
| 2025 (Preliminary) | 37,183,079€ | 176 |
The number of companies jumped most in 2023: from 48 to 62.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 101–150 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 →
Totals include 2 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 101 | Nevladino Udruženje / Nvo Serdar/ Budva11076793 · Budva | <0.1% | 5,000€ | No filing for 2024. | -2,348€ | -47.0% | 1 | 469€ |
| 102 | Naš Ulcinj11095496 · Ulcinj | <0.1% | 4,700€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 103 | <0.1% | 4,589€ | No filing for 2024. | -874€ | -19.0% | 1 | 352€ | |
| 104 | Etnografski Muzej Danilovgrad02926857 · Danilovgrad | <0.1% | 4,555€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 105 | Kulturno Informativni Centar-Bijeli Pavle02310520 · Danilovgrad | <0.1% | 4,500€ | +1.1% | -4,316€ | -95.9% | 0 | — |
| 106 | Učiteljica Mica02886430 · Podgorica | <0.1% | 4,350€ | +197.1% | 915€ | 21.0% | 0 | — |
| 107 | Divan11000584 · Petnjica | <0.1% | 4,210€ | No filing for 2024. | 3,998€ | 95.0% | 0 | — |
| 108 | <0.1% | 3,872€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 109 | <0.1% | 3,796€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 110 | Bokeljska Mornarica 809-Podružnica Herceg Novi02942950 · Herceg Novi | <0.1% | 3,659€ | No filing for 2024. | 86€ | 2.4% | 1 | — |
| 111 | Novska Kredenca11012558 · Herceg Novi | <0.1% | 3,143€ | No filing for 2024. | -556€ | -17.7% | 1 | — |
| 112 | Zanatska Komora Crne Gore02907844 · Podgorica | <0.1% | 3,141€ | -78.9% | -8,072€ | -257.0% | 1 | 922€ |
| 113 | Kulturno - Kreativni Centar - Matrix02432374 · Danilovgrad | <0.1% | 2,898€ | No filing for 2024. | 2,898€ | 100.0% | 1 | — |
| 114 | Osmjehni Se02942984 | <0.1% | 2,760€ | No filing for 2024. | -23€ | -0.8% | 0 | — |
| 115 | Božidar Milošević02296713 · Bar | <0.1% | 2,470€ | -0.3% | 0€ | 0.0% | 0 | — |
| 116 | Budućnost Nalježići-Grbalj11040071 · Kotor | <0.1% | 2,400€ | No filing for 2024. | 1,686€ | 70.3% | 0 | — |
| 117 | Fakultetska Organizacija Studenata Pomorskog Fakulteta Kotor11095895 · Kotor | <0.1% | 2,400€ | No filing for 2024. | 46€ | 1.9% | 0 | — |
| 118 | Belvi11085717 · Ulcinj | <0.1% | 2,250€ | -6.3% | -134€ | -6.0% | 0 | — |
| 119 | Klub Liječenih Alkoholičara-Preporod02088142 · Nikšić | <0.1% | 2,100€ | -2.3% | -21€ | -1.0% | 0 | — |
| 120 | <0.1% | 1,996€ | No filing for 2024. | -62€ | -3.1% | 0 | — | |
| 121 | Crnogorski Orijent11102263 | <0.1% | 1,979€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 122 | Sindikalna Organizacija / Sindikalna Organizacija11099831 · Nikšić | <0.1% | 1,871€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 123 | Podgorica02869748 · Podgorica | <0.1% | 1,850€ | -48.6% | -11€ | -0.6% | 0 | — |
| 124 | Crnogorski Centar Energetske Efikasnosti02783126 · Podgorica | <0.1% | 1,750€ | No filing for 2024. | 1,178€ | 67.3% | 1 | — |
| 125 | <0.1% | 1,744€ | No filing for 2024. | 1,719€ | 98.6% | 0 | — | |
| 126 | Udruženje za Razvoj Gradca11044174 · Pljevlja | <0.1% | 1,710€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 127 | Budućnost02358719 · Podgorica | <0.1% | 1,704€ | -36.1% | 0€ | 0.0% | 0 | — |
| 128 | Nvo Zajedno Možemo11109047 | <0.1% | 1,600€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 129 | <0.1% | 1,563€ | No filing for 2024. | -123€ | -7.9% | 1 | — | |
| 130 | Pusti Lisac11035043 | <0.1% | 1,502€ | No filing for 2024. | -96€ | -6.4% | 0 | — |
| 131 | Ribnica11107591 | <0.1% | 1,020€ | No filing for 2024. | -713€ | -69.9% | 0 | — |
| 132 | Kudriashova Inc03508315 · Podgorica | <0.1% | 999€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,165€ | -717.2% | 1 | 678€ |
| 133 | Viktorija11108512 · Herceg Novi | <0.1% | 800€ | No filing for 2024. | 740€ | 92.5% | 0 | — |
| 134 | Institut za Vinovu Lozu i Vino11101852 · Podgorica | <0.1% | 800€ | No filing for 2024. | -21€ | -2.6% | 0 | — |
| 135 | Udruženje Hematologa Crne Gore11003931 | <0.1% | 784€ | No filing for 2024. | 670€ | 85.5% | 1 | — |
| 136 | Evropski Centar-Montenegro02968436 | <0.1% | 700€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 137 | Bushcraft Montenegro02974452 | <0.1% | 583€ | No filing for 2024. | 0€ | 0.0% | 3 | — |
| 138 | Muzička Baština02963124 · Bijelo Polje | <0.1% | 550€ | No filing for 2024. | 266€ | 48.4% | 0 | — |
| 139 | Organizacija Gluvih i Nagluvih Podgorica02346885 · Podgorica | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -408€ | -81.6% | 0 | — |
| 140 | <0.1% | 500€ | No filing for 2024. | -844€ | -168.8% | 0 | — | |
| 141 | Lika02927012 | <0.1% | 450€ | No filing for 2024. | -917€ | -203.8% | 1 | — |
| 142 | <0.1% | 341€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 143 | Crnogorska Ragby Liga11055117 · Tivat | <0.1% | 282€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 144 | Crnogorsko Udruženje Tumača11057730 | <0.1% | 262€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 145 | Nevladina Organizacija Duša Ratnika Kotor11107494 · Kotor | <0.1% | 200€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 146 | 7palettesclub03538842 · Podgorica | <0.1% | 183€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,955€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 147 | Taraba11006841 | <0.1% | 139€ | No filing for 2024. | 0€ | 0.0% | 2 | — |
| 148 | Gornje Crkvice11001394 · Plužine | <0.1% | 82€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 149 | Aktivan Život11105068 | <0.1% | 60€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 150 | Biznis Centar11054773 · Rožaje | <0.1% | 50€ | -96.2% | 0€ | 0.0% | 0 | — |