1,556 companies earned 58.59m€ in 2025, 0.3% of all company revenue in Montenegro. It ranks 17 of 18 sectors by revenue. Revenue has grown 3.2× since 2015.
0.3% of Montenegro's revenue
908 with at most one employee
Largest employer: Pogrebne Usluge (118)
Total profit: -2.22m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 18,513,181€ | 347 |
| 2016 | 19,741,291€ | 403 |
| 2017 | 20,970,119€ | 459 |
| 2018 | 19,833,937€ | 530 |
| 2019 | 21,575,106€ | 645 |
| 2020 | 18,641,551€ | 750 |
| 2021 | 23,911,993€ | 840 |
| 2022 | 33,491,161€ | 1,044 |
| 2023 | 42,996,506€ | 1,282 |
| 2024 | 51,131,903€ | 1,444 |
| 2025 (Preliminary) | 58,590,009€ | 1,556 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 101–150 of 1,556
* 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 309 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 | Look BY Violeta02688042 · Podgorica | 0.2% | 94,940€ | -8.9% | 3,703€ | 3.9% | 4 | 480€ |
| 102 | Termostil02651858 · Kotor | 0.2% | 94,663€ | -33.0% | -4,451€ | -4.7% | 2 | 702€ |
| 103 | Beauty Office03450279 · Budva | 0.2% | 93,066€ | +1,930.7% | 18,631€ | 20.0% | 4 | 589€ |
| 104 | Gordana03261301 · Podgorica | 0.2% | 91,393€ | -20.8% | -24,007€ | -26.3% | 5 | 811€ |
| 105 | Event Montenegro02894203 · Podgorica | 0.2% | 89,969€ | +10.4% | 41,627€ | 46.3% | 1 | 721€ |
| 106 | Zaga&Co03531856 · Herceg Novi | 0.2% | 89,651€ | +18.0% | -26,258€ | -29.3% | 11 | 643€ |
| 107 | Garage Glišo03031845 · Podgorica | 0.2% | 88,307€ | +143.6% | 14,622€ | 16.6% | 4 | 572€ |
| 108 | La Pulchra - Institut De Beaute03218988 · Podgorica | 0.2% | 88,295€ | +0.4% | 1,504€ | 1.7% | 7 | 656€ |
| 109 | Profi - Style03100537 · Bar | 0.1% | 87,766€ | +395.9% | 6,339€ | 7.2% | 2 | 876€ |
| 110 | Modni Studio V&M03175847 · Podgorica | 0.1% | 87,375€ | +14.5% | 24,437€ | 28.0% | 2 | 564€ |
| 111 | Firma Mir02760975 · Budva | 0.1% | 87,060€ | -8.3% | 12,180€ | 14.0% | 6 | 656€ |
| 112 | Relax Studio03028763 · Herceg Novi | 0.1% | 86,733€ | +38.9% | -507€ | -0.6% | 7 | 788€ |
| 113 | Avena03212041 · Podgorica | 0.1% | 86,718€ | +32.3% | 2,934€ | 3.4% | 4 | 1,000€ |
| 114 | Old Hunter 199403437159 · Budva | 0.1% | 86,290€ | +23.2% | -19,676€ | -22.8% | 4 | 1,310€ |
| 115 | Gemelli Commpany02645122 · Nikšić | 0.1% | 86,010€ | +13.5% | 737€ | 0.9% | 4 | 715€ |
| 116 | Barlović Company02397188 · Ulcinj | 0.1% | 86,000€ | -13.1% | -31,606€ | -36.8% | 4 | 778€ |
| 117 | Lux Clean03516504 · Podgorica | 0.1% | 84,757€ | +12.8% | 4,757€ | 5.6% | 5 | 769€ |
| 118 | Gas Horeca03431169 · Zeta | 0.1% | 83,511€ | +78.9% | 16,500€ | 19.8% | 2 | 777€ |
| 119 | SSSJ03122565 · Podgorica | 0.1% | 83,158€ | +15.7% | 1,176€ | 1.4% | 5 | 1,045€ |
| 120 | Montebarbering03222004 · Budva | 0.1% | 82,435€ | +42.8% | -9,891€ | -12.0% | 3 | 1,262€ |
| 121 | Tehno Servis Jukić02800918 · Podgorica | 0.1% | 81,630€ | +34.4% | 23,427€ | 28.7% | 1 | 677€ |
| 122 | Astra Mobile02878259 · Ulcinj | 0.1% | 80,400€ | -11.7% | 3,897€ | 4.8% | 1 | 675€ |
| 123 | YK Beauty Bar03216012 · Budva | 0.1% | 77,700€ | -10.1% | -27,631€ | -35.6% | 3 | 1,354€ |
| 124 | Bar Wash03411320 · Bar | 0.1% | 76,846€ | +13.0% | 4,802€ | 6.2% | 2 | 1,100€ |
| 125 | Beauty A03348423 · Budva | 0.1% | 76,812€ | +25.0% | 1,266€ | 1.6% | 6 | 690€ |
| 126 | Shift03343855 · Bijelo Polje | 0.1% | 76,403€ | -19.6% | 8,109€ | 10.6% | 1 | 677€ |
| 127 | Hollywood Look03227014 · Podgorica | 0.1% | 76,076€ | +287.5% | 11,855€ | 15.6% | 1 | 678€ |
| 128 | Gypset Group03077624 · Podgorica | 0.1% | 73,686€ | +51.6% | 17,396€ | 23.6% | 2 | 1,159€ |
| 129 | Dragana&Mila03700810 · Podgorica | 0.1% | 71,916€ | +1,613.1% | 2,478€ | 3.4% | 5 | 558€ |
| 130 | Mirli Estetic03314707 · Podgorica | 0.1% | 71,751€ | +60.2% | 11,265€ | 15.7% | 1 | — |
| 131 | Lazarev Kuk-Miajlović02050382 · Herceg Novi | 0.1% | 71,327€ | -1.8% | -5,278€ | -7.4% | 4 | 694€ |
| 132 | Kult03322009 · Podgorica | 0.1% | 71,191€ | -59.4% | -11,725€ | -16.5% | 3 | 1,564€ |
| 133 | Mig Solution03248186 · Nikšić | 0.1% | 71,074€ | -0.7% | -1,103€ | -1.6% | 1 | 964€ |
| 134 | S & D Frigo03358917 · Herceg Novi | 0.1% | 68,775€ | +115.0% | 2,502€ | 3.6% | 2 | 711€ |
| 135 | Lencun.Ko03292495 · Kotor | 0.1% | 68,592€ | +2.9% | -7,417€ | -10.8% | 5 | 738€ |
| 136 | NL-Ortus03409830 · Tivat | 0.1% | 68,438€ | -36.9% | -3,357€ | -4.9% | 2 | 1,117€ |
| 137 | Belan Cosmetic02728273 · Tivat | 0.1% | 68,351€ | -28.6% | -12,657€ | -18.5% | 2 | 898€ |
| 138 | Alfa Klima03114686 · Bar | 0.1% | 67,912€ | +95.1% | 4,011€ | 5.9% | 1 | 793€ |
| 139 | Meštri O'kose 200103131556 · Kotor | 0.1% | 66,901€ | +25.2% | 12,049€ | 18.0% | 2 | 780€ |
| 140 | Egzarh03161072 · Podgorica | 0.1% | 66,358€ | +50.3% | 3,242€ | 4.9% | 1 | 717€ |
| 141 | Auto Servis Milun02370522 · Zeta | 0.1% | 66,305€ | +14.5% | 2,609€ | 3.9% | 4 | 680€ |
| 142 | Bojana Hairstyle03509958 · Kotor | 0.1% | 66,254€ | +16.7% | -1,490€ | -2.2% | 2 | 754€ |
| 143 | Rakočević Electronics03376222 · Nikšić | 0.1% | 65,949€ | -9.3% | -23,679€ | -35.9% | 1 | 3,148€ |
| 144 | Beneton02469146 · Bar | 0.1% | 65,565€ | +28.0% | 2,623€ | 4.0% | 4 | 778€ |
| 145 | Bhair03104702 · Budva | 0.1% | 64,762€ | -9.8% | -14,911€ | -23.0% | 4 | 813€ |
| 146 | Orabella03328066 · Tivat | 0.1% | 64,747€ | +11.7% | 633€ | 1.0% | 6 | 696€ |
| 147 | SB - Taho03065219 · Nikšić | 0.1% | 64,537€ | +11.2% | 4,632€ | 7.2% | 4 | 675€ |
| 148 | Datha Ayuryoga International Health Institute02975955 · Podgorica | 0.1% | 64,454€ | -44.5% | -31,300€ | -48.6% | 3 | 406€ |
| 149 | Elhr Company02782812 · Podgorica | 0.1% | 63,601€ | +28.5% | 1,506€ | 2.4% | 1 | 5,000€ |
| 150 | Popravka Servis03768023 · Podgorica | 0.1% | 61,640€ | No filing for 2024. | 19,233€ | 31.2% | 1 | 374€ |