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 401–450 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* |
|---|
| 401 | Beauty Point Mne03549283 · Podgorica | <0.1% | 26,185€ | +33.2% | -1,108€ | -4.2% | 4 | 522€ |
| 402 | SV Kasijana03308715 · Herceg Novi | <0.1% | 26,114€ | +5.8% | -238€ | -0.9% | 3 | 684€ |
| 403 | Urban Beauty BY Nives03674088 · Kotor | <0.1% | 26,071€ | +142.4% | 502€ | 1.9% | 2 | 648€ |
| 404 | FS-Millenium02836807 · Podgorica | <0.1% | 26,053€ | +0.7% | -4,847€ | -18.6% | 4 | 574€ |
| 405 | Frizersko Kozmetička Akademija Ljilja Nil03138593 · Nikšić | <0.1% | 26,052€ | +12.9% | -430€ | -1.7% | 3 | 523€ |
| 406 | Perfect Lady Princess03086801 · Podgorica | <0.1% | 25,958€ | -12.9% | 1,292€ | 5.0% | 4 | 440€ |
| 407 | Team Wizard02959321 · Podgorica | <0.1% | 25,943€ | -13.1% | 75€ | 0.3% | 3 | 431€ |
| 408 | Fizio-Estetic03120244 · Budva | <0.1% | 25,850€ | +44.4% | 1,454€ | 5.6% | 2 | 829€ |
| 409 | Atos Project03698386 · Berane | <0.1% | 25,840€ | +1,014.3% | 3,236€ | 12.5% | 2 | 930€ |
| 410 | Shag Cut03715507 · Budva | <0.1% | 25,794€ | +483.6% | -3,448€ | -13.4% | 3 | 475€ |
| 411 | Hair Wizard03323161 · Podgorica | <0.1% | 25,725€ | +58.0% | -22,536€ | -87.6% | 5 | 445€ |
| 412 | Unisex Hair Studio Exer03151336 · Podgorica | <0.1% | 25,633€ | -0.1% | 5,006€ | 19.5% | 2 | 677€ |
| 413 | Lotos02903547 · Kotor | <0.1% | 25,632€ | +34.9% | -5,523€ | -21.5% | 3 | 525€ |
| 414 | Vešeraj Koki03764508 · Kotor | <0.1% | 25,493€ | No filing for 2024. | 13,636€ | 53.5% | 1 | 798€ |
| 415 | Aurora Mne03505553 · Herceg Novi | <0.1% | 25,467€ | -34.3% | -3,348€ | -13.1% | 1 | 1,392€ |
| 416 | Number 1103489019 · Podgorica | <0.1% | 25,410€ | +63.6% | 3,103€ | 12.2% | 1 | 1,207€ |
| 417 | Mua Studio Marija Stojanovski03243699 · Podgorica | <0.1% | 25,405€ | +72.8% | 6,138€ | 24.2% | 1 | 1,089€ |
| 418 | PG Frizer Siz03581543 · Podgorica | <0.1% | 25,393€ | +2.2% | 5,148€ | 20.3% | 2 | 674€ |
| 419 | Splendore03732703 · Kotor | <0.1% | 25,326€ | No filing for 2024. | 10,095€ | 39.9% | 0 | — |
| 420 | Perfect Wash03156133 · Podgorica | <0.1% | 25,326€ | -7.8% | -10,990€ | -43.4% | 2 | 777€ |
| 421 | Beauty Studio Status03260364 · Nikšić | <0.1% | 25,251€ | +28.6% | -3,280€ | -13.0% | 2 | 717€ |
| 422 | A & M Group02811723 · Podgorica | <0.1% | 25,250€ | +38.8% | 219€ | 0.9% | 2 | 713€ |
| 423 | MB Mihaljević03145905 · Podgorica | <0.1% | 25,169€ | +4.9% | 137€ | 0.5% | 2 | 823€ |
| 424 | Siriana03090906 · Podgorica | <0.1% | 24,938€ | -30.4% | -12,180€ | -48.8% | 1 | 1,361€ |
| 425 | Kutak Ljepote M&V03338827 · Budva | <0.1% | 24,916€ | +17.9% | 1,079€ | 4.3% | 2 | 954€ |
| 426 | TBT Company03695832 · Podgorica | <0.1% | 24,860€ | +327.7% | 581€ | 2.3% | 1 | 675€ |
| 427 | Beauty Salon Milica03709434 · Budva | <0.1% | 24,754€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 192€ | 0.8% | 2 | 503€ |
| 428 | Salon za Dame Arap03568911 · Bar | <0.1% | 24,728€ | +32.0% | 959€ | 3.9% | 2 | 711€ |
| 429 | Glam Up03273377 · Podgorica | <0.1% | 24,720€ | +66.1% | 3,285€ | 13.3% | 1 | 1,215€ |
| 430 | Servis Centar B&G Društvo Ša Ograničenom Odgovornošću Podgorica03554031 · Podgorica | <0.1% | 24,678€ | +18.1% | 2,051€ | 8.3% | 1 | 984€ |
| 431 | Nermina Nails03388034 · Bijelo Polje | <0.1% | 24,662€ | +26.3% | 2,009€ | 8.1% | 4 | 384€ |
| 432 | Ah Hair03230953 · Bijelo Polje | <0.1% | 24,606€ | -9.9% | -7,093€ | -28.8% | 2 | 1,278€ |
| 433 | As-Still03282562 · Rožaje | <0.1% | 24,580€ | +5.8% | -8,139€ | -33.1% | 2 | 1,321€ |
| 434 | Studio Ljepote Sofija03137856 · Podgorica | <0.1% | 24,574€ | +16.3% | 493€ | 2.0% | 2 | 755€ |
| 435 | Gaga Studio03703517 · Danilovgrad | <0.1% | 24,495€ | +886.9% | 60€ | 0.2% | 7 | — |
| 436 | Infinity BY Teodora03476308 · Pljevlja | <0.1% | 24,351€ | +48.9% | -1,518€ | -6.2% | 3 | 473€ |
| 437 | Skin02989824 · Podgorica | <0.1% | 24,257€ | +2.7% | 3,791€ | 15.6% | 2 | 509€ |
| 438 | Viettel03693236 · Podgorica | <0.1% | 24,232€ | +438.6% | 2,146€ | 8.9% | 1 | 1,599€ |
| 439 | Biseramont03101878 · Podgorica | <0.1% | 24,099€ | +34.0% | -4,627€ | -19.2% | 3 | 565€ |
| 440 | Honey Co03575179 · Podgorica | <0.1% | 24,082€ | -10.4% | -1,262€ | -5.2% | 2 | 678€ |
| 441 | Lovo Expert02172992 · Kotor | <0.1% | 23,972€ | -12.0% | -6,950€ | -29.0% | 1 | 678€ |
| 442 | Leon L.S.A.03309312 · Danilovgrad | <0.1% | 23,944€ | +27.1% | 606€ | 2.5% | 2 | 728€ |
| 443 | Modni Studio Sneža03346021 · Danilovgrad | <0.1% | 23,849€ | +75.4% | 1,270€ | 5.3% | 2 | 593€ |
| 444 | Emilly Style03438660 · Tivat | <0.1% | 23,803€ | +46.6% | 1,266€ | 5.3% | 1 | 1,115€ |
| 445 | Amandi02990539 · Budva | <0.1% | 23,778€ | +39.8% | -11,584€ | -48.7% | 3 | — |
| 446 | Beauty House Per Lei BY Ana J03256090 · Podgorica | <0.1% | 23,729€ | -2.1% | 1,149€ | 4.8% | 1 | 1,110€ |
| 447 | Atek03670830 · Podgorica | <0.1% | 23,710€ | +130.4% | 1,484€ | 6.3% | 1 | 1,611€ |
| 448 | Frizerski Salon Sanja03518868 · Bijelo Polje | <0.1% | 23,649€ | +46.2% | -665€ | -2.8% | 2 | 774€ |
| 449 | Deaa Auto Servis03350738 · Bijelo Polje | <0.1% | 23,600€ | -36.6% | -10,185€ | -43.2% | 1 | 2,704€ |
| 450 | Hair House Nativo03317366 · Podgorica | <0.1% | 23,536€ | +19.8% | 154€ | 0.7% | 3 | 617€ |