Revenue
39.2% of sector revenue
888 companies earned 22.96m€ in 2025, 39.2% of Personal services sector revenue. Revenue has grown 6.9× since 2015.
39.2% of sector revenue
471 with at most one employee
Largest employer: Kuća Mode i Ljepote-Zoran (49)
Median company -2.2% · 35% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 888
* 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 282 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,321,535€ | 181 |
| 2016 | 3,758,583€ | 217 |
| 2017 | 4,133,739€ | 253 |
| 2018 | 4,650,635€ | 300 |
| 2019 | 6,024,826€ | 351 |
| 2020 | 6,000,855€ | 419 |
| 2021 | 7,082,861€ | 490 |
| 2022 | 11,171,361€ | 608 |
| 2023 | 15,390,939€ | 737 |
| 2024 | 18,793,886€ | 830 |
| 2025 (Preliminary) | 22,963,428€ | 888 |
3.3% |
| 753,061€ |
| +17.8% |
| 24,907€ |
| 3.3% |
| 49 |
| 605€ |
| 3 | New Estetik02803127 · Podgorica | 3.2% | 736,933€ | +14.1% | 78,397€ | 10.6% | 10 | 1,708€ |
| 4 | Banjo Trade02786931 · Herceg Novi | 2.2% | 501,837€ | +42.0% | 8,186€ | 1.6% | 3 | 1,537€ |
| 5 | Kecojević03395979 · Nikšić | 1.5% | 344,736€ | -17.6% | 15,158€ | 4.4% | 1 | 925€ |
| 6 | Fiko Ii02741237 · Tivat | 1.2% | 272,983€ | +4.8% | -5,692€ | -2.1% | 24 | 632€ |
| 7 | MM Beauty Company03162532 · Tivat | 1.1% | 243,253€ | +24.7% | 37,835€ | 15.6% | 3 | 1,470€ |
| 8 | Mikana03431924 · Budva | 0.9% | 207,603€ | +116.6% | 11,586€ | 5.6% | 15 | 688€ |
| 9 | Concept02363372 · Podgorica | 0.8% | 177,364€ | +10.9% | 6,920€ | 3.9% | 9 | 795€ |
| 10 | Baćko D02687372 · Podgorica | 0.7% | 166,561€ | +42.2% | 40,763€ | 24.5% | 5 | 546€ |
| 11 | Capillos02876582 · Podgorica | 0.7% | 165,067€ | +1,289.9% | 88,714€ | 53.7% | 1 | 598€ |
| 12 | Capillos Matago03175618 · Podgorica | 0.6% | 137,727€ | -14.2% | -9,062€ | -6.6% | 10 | 764€ |
| 13 | LCN Nails02804182 · Podgorica | 0.6% | 134,510€ | -6.1% | 201€ | 0.1% | 7 | 740€ |
| 14 | Lilit House03106250 · Podgorica | 0.6% | 131,141€ | +64.8% | -8,107€ | -6.2% | 13 | 629€ |
| 15 | SVHD03401634 · Tivat | 0.5% | 122,912€ | +76.6% | 20,679€ | 16.8% | 7 | 472€ |
| 16 | Group Es Studio M03039226 · Budva | 0.5% | 117,307€ | +42.1% | -89,067€ | -75.9% | 3 | 1,102€ |
| 17 | Azh Montenegro03230180 · Budva | 0.5% | 114,302€ | +12.0% | 2,161€ | 1.9% | 7 | 730€ |
| 18 | Backstage02407230 · Podgorica | 0.5% | 104,511€ | +37.5% | 7,261€ | 6.9% | 9 | 541€ |
| 19 | Mesh02798751 · Podgorica | 0.4% | 100,128€ | +25.6% | 22,416€ | 22.4% | 5 | 709€ |
| 20 | Arnaut Design03276155 · Podgorica | 0.4% | 97,964€ | +48.6% | 10,907€ | 11.1% | 3 | 1,274€ |
| 21 | Alexa Beauty03121780 · Budva | 0.4% | 97,413€ | -20.2% | -97,033€ | -99.6% | 3 | 825€ |
| 22 | Look BY Violeta02688042 · Podgorica | 0.4% | 94,940€ | -8.9% | 3,703€ | 3.9% | 4 | 480€ |
| 23 | Zaga&Co03531856 · Herceg Novi | 0.4% | 89,651€ | +18.0% | -26,258€ | -29.3% | 11 | 643€ |
| 24 | La Pulchra - Institut De Beaute03218988 · Podgorica | 0.4% | 88,295€ | +0.4% | 1,504€ | 1.7% | 7 | 656€ |
| 25 | Profi - Style03100537 · Bar | 0.4% | 87,766€ | +395.9% | 6,339€ | 7.2% | 2 | 876€ |
| 26 | Modni Studio V&M03175847 · Podgorica | 0.4% | 87,375€ | +14.5% | 24,437€ | 28.0% | 2 | 564€ |
| 27 | Firma Mir02760975 · Budva | 0.4% | 87,060€ | -8.3% | 12,180€ | 14.0% | 6 | 656€ |
| 28 | Relax Studio03028763 · Herceg Novi | 0.4% | 86,733€ | +38.9% | -507€ | -0.6% | 7 | 788€ |
| 29 | Avena03212041 · Podgorica | 0.4% | 86,718€ | +32.3% | 2,934€ | 3.4% | 4 | 1,000€ |
| 30 | Old Hunter 199403437159 · Budva | 0.4% | 86,290€ | +23.2% | -19,676€ | -22.8% | 4 | 1,310€ |
| 31 | SSSJ03122565 · Podgorica | 0.4% | 83,158€ | +15.7% | 1,176€ | 1.4% | 5 | 1,045€ |
| 32 | Montebarbering03222004 · Budva | 0.4% | 82,435€ | +42.8% | -9,891€ | -12.0% | 3 | 1,262€ |
| 33 | YK Beauty Bar03216012 · Budva | 0.3% | 77,700€ | -10.1% | -27,631€ | -35.6% | 3 | 1,354€ |
| 34 | Beauty A03348423 · Budva | 0.3% | 76,812€ | +25.0% | 1,266€ | 1.6% | 6 | 690€ |
| 35 | Dragana&Mila03700810 · Podgorica | 0.3% | 71,916€ | +1,613.1% | 2,478€ | 3.4% | 5 | 558€ |
| 36 | Kult03322009 · Podgorica | 0.3% | 71,191€ | -59.4% | -11,725€ | -16.5% | 3 | 1,564€ |
| 37 | Belan Cosmetic02728273 · Tivat | 0.3% | 68,351€ | -28.6% | -12,657€ | -18.5% | 2 | 898€ |
| 38 | Meštri O'kose 200103131556 · Kotor | 0.3% | 66,901€ | +25.2% | 12,049€ | 18.0% | 2 | 780€ |
| 39 | Bojana Hairstyle03509958 · Kotor | 0.3% | 66,254€ | +16.7% | -1,490€ | -2.2% | 2 | 754€ |
| 40 | Beneton02469146 · Bar | 0.3% | 65,565€ | +28.0% | 2,623€ | 4.0% | 4 | 778€ |
| 41 | Bhair03104702 · Budva | 0.3% | 64,762€ | -9.8% | -14,911€ | -23.0% | 4 | 813€ |
| 42 | Elhr Company02782812 · Podgorica | 0.3% | 63,601€ | +28.5% | 1,506€ | 2.4% | 1 | 5,000€ |
| 43 | Viktorija ST03215873 · Herceg Novi | 0.3% | 61,411€ | +62.6% | 1,518€ | 2.5% | 1 | 1,631€ |
| 44 | Miracle V Montenegro03317811 · Budva | 0.3% | 61,265€ | +7.1% | 1,487€ | 2.4% | 6 | 465€ |
| 45 | Danea02718880 · Herceg Novi | 0.3% | 60,334€ | +116.8% | 11,707€ | 19.4% | 3 | 786€ |
| 46 | Celulita Bez03378624 · Podgorica | 0.3% | 60,047€ | +27.6% | 6,814€ | 11.3% | 4 | 576€ |
| 47 | Hair Style BY NP03384551 · Budva | 0.3% | 59,007€ | +313.0% | 8,873€ | 15.0% | 4 | 778€ |
| 48 | Black & White02639157 · Budva | 0.3% | 58,071€ | +9.7% | 1,555€ | 2.7% | 4 | 608€ |
| 49 | Brijačko Frizerska Radnja Stari Grad03057011 · Kotor | 0.3% | 58,009€ | +34.9% | -317€ | -0.5% | 4 | 736€ |
| 50 | Luxio Al Mare03546098 · Budva | 0.3% | 57,606€ | -12.8% | -8,262€ | -14.3% | 3 | 642€ |