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 301–350 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* |
|---|
| 301 | Izvor Zdravlja03469433 · Podgorica | <0.1% | 32,264€ | +11.5% | 933€ | 2.9% | 1 | 1,016€ |
| 302 | Izmir Style03604268 · Podgorica | <0.1% | 32,154€ | +41.8% | 114€ | 0.4% | 2 | 678€ |
| 303 | Violeta03180018 · Podgorica | <0.1% | 31,639€ | +14.3% | 2,418€ | 7.6% | 3 | 731€ |
| 304 | D&D Hair Style03736385 · Berane | <0.1% | 31,366€ | No filing for 2024. | 327€ | 1.0% | 3 | 846€ |
| 305 | Vip Kuća za Uljepšavanje03027198 · Danilovgrad | <0.1% | 31,297€ | -8.5% | -17,944€ | -57.3% | 6 | 619€ |
| 306 | Amavi03756564 · Ulcinj | <0.1% | 31,257€ | No filing for 2024. | -7,192€ | -23.0% | 3 | 795€ |
| 307 | Modni Studio Martina03362701 · Berane | <0.1% | 31,099€ | +8.3% | 60€ | 0.2% | 2 | 1,196€ |
| 308 | Scandatex Montenegro02724863 · Budva | <0.1% | 30,894€ | -25.1% | -7,198€ | -23.3% | 2 | 793€ |
| 309 | Studio Itana03306801 · Podgorica | <0.1% | 30,775€ | +5.4% | -499€ | -1.6% | 6 | 362€ |
| 310 | Hair Studio Jasmin03204847 · Pljevlja | <0.1% | 30,707€ | +3.5% | -4,020€ | -13.1% | 4 | 618€ |
| 311 | Singer 2003332101 · Tivat | <0.1% | 30,690€ | +16.4% | 303€ | 1.0% | 3 | 652€ |
| 312 | Penelope03066371 · Podgorica | <0.1% | 30,615€ | +24.3% | 2,044€ | 6.7% | 2 | 864€ |
| 313 | Altimi02754568 · Podgorica | <0.1% | 30,613€ | -3.0% | -14,117€ | -46.1% | 4 | 705€ |
| 314 | Elle03157377 · Podgorica | <0.1% | 30,119€ | +5.3% | -21,053€ | -69.9% | 6 | 438€ |
| 315 | Hair Master Aldin03631907 · Podgorica | <0.1% | 30,018€ | +79.6% | -838€ | -2.8% | 1 | 1,069€ |
| 316 | Atelje Babić03609553 · Kotor | <0.1% | 29,973€ | +8.6% | 971€ | 3.2% | 3 | 480€ |
| 317 | D.I.S.02899914 · Herceg Novi | <0.1% | 29,908€ | +44.7% | -4,585€ | -15.3% | 2 | 632€ |
| 318 | Vaš Grumer03326829 · Bar | <0.1% | 29,900€ | +160.8% | 14€ | 0.0% | 3 | 522€ |
| 319 | Radović Upholstery03334856 · Bar | <0.1% | 29,897€ | +5.1% | 2,772€ | 9.3% | 1 | 1,193€ |
| 320 | Body Shape03311996 · Podgorica | <0.1% | 29,817€ | -20.3% | -4,987€ | -16.7% | 3 | 599€ |
| 321 | Emin02428270 · Podgorica | <0.1% | 29,695€ | +0.4% | -202€ | -0.7% | 4 | 571€ |
| 322 | Go Easy03462897 · Bijelo Polje | <0.1% | 29,685€ | -0.7% | -5,669€ | -19.1% | 5 | 456€ |
| 323 | Citiwell Ag03418081 · Podgorica | <0.1% | 29,677€ | +1,255.7% | -16,595€ | -55.9% | 5 | 603€ |
| 324 | MK Koncept Novi03400751 · Herceg Novi | <0.1% | 29,647€ | -0.4% | -3,931€ | -13.3% | 3 | 790€ |
| 325 | Adry Beauty03705170 · Berane | <0.1% | 29,628€ | +11,295.4% | 8,607€ | 29.1% | 1 | 1,360€ |
| 326 | Sun NRG03340783 · Budva | <0.1% | 29,612€ | +11.9% | -25,584€ | -86.4% | 1 | 1,864€ |
| 327 | Lu & Ti03121011 · Podgorica | <0.1% | 29,606€ | +2.6% | -15,950€ | -53.9% | 6 | 455€ |
| 328 | Alias03272494 · Herceg Novi | <0.1% | 29,590€ | +14.4% | 605€ | 2.0% | 3 | 546€ |
| 329 | NL Studio02418827 · Podgorica | <0.1% | 29,579€ | +5.4% | 620€ | 2.1% | 3 | 678€ |
| 330 | Hair Studio Time To Shine03129829 · Podgorica | <0.1% | 29,535€ | -3.4% | 1,275€ | 4.3% | 2 | 677€ |
| 331 | Studio Ljepote - S703704734 · Podgorica | <0.1% | 29,448€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,593€ | 12.2% | 2 | 678€ |
| 332 | Lela Beauty Room03419568 · Bar | <0.1% | 29,383€ | +11.2% | 1,722€ | 5.9% | 3 | 658€ |
| 333 | Studio 9403645738 · Podgorica | <0.1% | 29,270€ | +101.7% | 68€ | 0.2% | 2 | 932€ |
| 334 | Frizeraj02995824 · Podgorica | <0.1% | 29,246€ | +110.9% | 226€ | 0.8% | 2 | 915€ |
| 335 | Mladel02365421 · Podgorica | <0.1% | 29,170€ | +11.4% | -19€ | -0.1% | 1 | 936€ |
| 336 | Studio Beauty D & E03477436 · Berane | <0.1% | 29,136€ | -2.7% | 1,271€ | 4.4% | 2 | 1,055€ |
| 337 | Barber03615367 · Podgorica | <0.1% | 29,107€ | +180.0% | 858€ | 2.9% | 3 | 699€ |
| 338 | Ada Group02756838 · Bar | <0.1% | 29,082€ | +47.7% | -1,880€ | -6.5% | 2 | 692€ |
| 339 | Sunny Port02959763 · Bar | <0.1% | 29,020€ | -3.2% | -4,079€ | -14.1% | 5 | 425€ |
| 340 | Acc Support Service03762386 · Herceg Novi | <0.1% | 28,871€ | No filing for 2024. | 220€ | 0.8% | 3 | 677€ |
| 341 | Subsidio03728633 · Podgorica | <0.1% | 28,848€ | No filing for 2024. | 2,977€ | 10.3% | 1 | 1,898€ |
| 342 | Jeny's Beauty Salon03344479 · Podgorica | <0.1% | 28,800€ | -2.4% | -13,372€ | -46.4% | 4 | 837€ |
| 343 | Eflarden03630781 · Bar | <0.1% | 28,730€ | +458.4% | -20,146€ | -70.1% | 4 | 829€ |
| 344 | Beauty Centar New Style03408426 · Podgorica | <0.1% | 28,688€ | -3.4% | -3,637€ | -12.7% | 6 | 390€ |
| 345 | Saraga02923726 · Podgorica | <0.1% | 28,631€ | +3.7% | -331€ | -1.2% | 4 | 515€ |
| 346 | Delajn03255859 · Podgorica | <0.1% | 28,604€ | +13.0% | 3,015€ | 10.5% | 3 | 543€ |
| 347 | Beauty Room03031390 · Podgorica | <0.1% | 28,552€ | +8.3% | 1,163€ | 4.1% | 3 | 470€ |
| 348 | Belami02944910 · Tivat | <0.1% | 28,550€ | +4.6% | -3,568€ | -12.5% | 3 | 761€ |
| 349 | Barbershop Newage03477274 · Herceg Novi | <0.1% | 28,550€ | +34.3% | -4,524€ | -15.8% | 1 | 2,001€ |
| 350 | Arden Zengin03679403 · Podgorica | <0.1% | 28,532€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,851€ | -38.0% | 4 | 534€ |