Revenue
4.8% of sector revenue
149 companies earned 2.84m€ in 2025, 4.8% of Personal services sector revenue. Revenue has grown 21.7× since 2015.
4.8% of sector revenue
104 with at most one employee
Largest employer: Kamalaya Spa (16)
Median company -11.2% · 27% 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 149
* 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 3 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 | 130,689€ | 24 |
| 2016 | 177,071€ | 25 |
| 2017 | 342,987€ | 27 |
| 2018 | 435,013€ | 33 |
| 2019 | 516,402€ | 41 |
| 2020 | 507,460€ | 54 |
| 2021 | 790,206€ | 65 |
| 2022 | 1,276,886€ | 89 |
| 2023 | 1,740,433€ | 122 |
| 2024 | 2,188,302€ | 138 |
| 2025 (Preliminary) | 2,836,107€ | 149 |
The number of companies jumped most in 2023: from 89 to 122.
7.6% |
| 215,811€ |
| +288.1% |
| 98,507€ |
| 45.6% |
| 5 |
| 882€ |
| 3 | Banya Wellness and Spa03408035 · Podgorica | 6.9% | 196,998€ | -5.7% | 6,788€ | 3.4% | 7 | 923€ |
| 4 | Supharwee03395197 · Podgorica | 4.2% | 118,178€ | +37.2% | -18,718€ | -15.8% | 11 | 815€ |
| 5 | Polako 3.003320758 · Tivat | 4.1% | 116,902€ | -32.5% | -28,081€ | -24.0% | 12 | 598€ |
| 6 | Beauty Office03450279 · Budva | 3.3% | 93,066€ | +1,930.7% | 18,631€ | 20.0% | 4 | 589€ |
| 7 | Gordana03261301 · Podgorica | 3.2% | 91,393€ | -20.8% | -24,007€ | -26.3% | 5 | 811€ |
| 8 | Hollywood Look03227014 · Podgorica | 2.7% | 76,076€ | +287.5% | 11,855€ | 15.6% | 1 | 678€ |
| 9 | Gypset Group03077624 · Podgorica | 2.6% | 73,686€ | +51.6% | 17,396€ | 23.6% | 2 | 1,159€ |
| 10 | Mirli Estetic03314707 · Podgorica | 2.5% | 71,751€ | +60.2% | 11,265€ | 15.7% | 1 | — |
| 11 | Orabella03328066 · Tivat | 2.3% | 64,747€ | +11.7% | 633€ | 1.0% | 6 | 696€ |
| 12 | Datha Ayuryoga International Health Institute02975955 · Podgorica | 2.3% | 64,454€ | -44.5% | -31,300€ | -48.6% | 3 | 406€ |
| 13 | Romatem03359280 · Podgorica | 2.1% | 60,516€ | -28.2% | -156,747€ | -259.0% | 1 | 2,206€ |
| 14 | Katharsis03067297 · Budva | 2.0% | 58,011€ | +46.7% | 238€ | 0.4% | 4 | 730€ |
| 15 | Green Box Beauty03533433 · Budva | 1.9% | 54,827€ | +64.0% | -13,011€ | -23.7% | 4 | 801€ |
| 16 | Zlatna Žica02884178 · Bar | 1.9% | 53,147€ | -9.4% | 0€ | 0.0% | 3 | 1,019€ |
| 17 | GP Contour02920204 · Podgorica | 1.7% | 49,587€ | -9.6% | -24,854€ | -50.1% | 4 | 778€ |
| 18 | Marika03342751 · Bar | 1.6% | 45,997€ | -22.0% | -37,449€ | -81.4% | 3 | 985€ |
| 19 | Agencija za Njegu i Pomoć u Kući03737217 · Rožaje | 1.6% | 44,933€ | No filing for 2024. | 1,479€ | 3.3% | 5 | 684€ |
| 20 | Crem De La Creme02931796 · Budva | 1.5% | 43,125€ | +41.6% | 1,189€ | 2.8% | 2 | 525€ |
| 21 | Alpasia03502724 · Budva | 1.4% | 38,375€ | +108.6% | -26,466€ | -69.0% | 4 | 699€ |
| 22 | Sefora Beauty03565343 · Bijelo Polje | 1.3% | 38,067€ | +19.9% | 3,589€ | 9.4% | 1 | 2,202€ |
| 23 | Iris Company02383977 · Podgorica | 1.2% | 35,066€ | -15.4% | 3,661€ | 10.4% | 3 | 723€ |
| 24 | Izvor Zdravlja03469433 · Podgorica | 1.1% | 32,264€ | +11.5% | 933€ | 2.9% | 1 | 1,016€ |
| 25 | Altimi02754568 · Podgorica | 1.1% | 30,613€ | -3.0% | -14,117€ | -46.1% | 4 | 705€ |
| 26 | Body Shape03311996 · Podgorica | 1.1% | 29,817€ | -20.3% | -4,987€ | -16.7% | 3 | 599€ |
| 27 | Sunny Port02959763 · Bar | 1.0% | 29,020€ | -3.2% | -4,079€ | -14.1% | 5 | 425€ |
| 28 | Subsidio03728633 · Podgorica | 1.0% | 28,848€ | No filing for 2024. | 2,977€ | 10.3% | 1 | 1,898€ |
| 29 | Budva Tattoo Ink03177106 · Budva | 1.0% | 28,376€ | +79.0% | 9,660€ | 34.0% | 1 | 858€ |
| 30 | Fresh Start Wellness03639959 · Podgorica | 1.0% | 27,494€ | No filing for 2024. | -518€ | -1.9% | 1 | 800€ |
| 31 | Touch Me- Montenegro03500535 · Budva | 1.0% | 27,225€ | -2.0% | -20,038€ | -73.6% | 5 | 593€ |
| 32 | Ekskluzivna Estetika03594718 · Nikšić | 0.9% | 26,292€ | -16.6% | -2,079€ | -7.9% | 1 | 2,009€ |
| 33 | Urban Beauty BY Nives03674088 · Kotor | 0.9% | 26,071€ | +142.4% | 502€ | 1.9% | 2 | 648€ |
| 34 | Fizio-Estetic03120244 · Budva | 0.9% | 25,850€ | +44.4% | 1,454€ | 5.6% | 2 | 829€ |
| 35 | Number 1103489019 · Podgorica | 0.9% | 25,410€ | +63.6% | 3,103€ | 12.2% | 1 | 1,207€ |
| 36 | Zen Physio03563219 · Budva | 0.8% | 21,390€ | +117.7% | 228€ | 1.1% | 1 | 1,736€ |
| 37 | Medical Skin Care03387038 · Budva | 0.7% | 20,820€ | +2.5% | 1,721€ | 8.3% | 1 | 1,070€ |
| 38 | Duga Medica03056830 · Podgorica | 0.7% | 19,835€ | +17.7% | -262€ | -1.3% | 1 | 1,082€ |
| 39 | Fizio-BD03344762 · Budva | 0.7% | 19,401€ | +10,986.3% | 11,144€ | 57.4% | 1 | 684€ |
| 40 | Maša & Vanja03387232 · Podgorica | 0.7% | 18,460€ | +13.3% | 576€ | 3.1% | 1 | 935€ |
| 41 | Ego Nutri03680258 · Podgorica | 0.6% | 18,319€ | +184.6% | 4,161€ | 22.7% | 1 | 852€ |
| 42 | Sawas Dee Thai Massage03708870 · Podgorica | 0.6% | 17,865€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,686€ | -87.8% | 1 | 1,834€ |
| 43 | Baby Spa03474143 · Podgorica | 0.6% | 17,857€ | -3.1% | -5,630€ | -31.5% | 2 | 444€ |
| 44 | Fizioterapeutski Centar Dragan03304981 · Podgorica | 0.6% | 17,573€ | +1.2% | -3,648€ | -20.8% | 1 | 339€ |
| 45 | Katarina Skin Care03698424 · Podgorica | 0.6% | 16,763€ | +1,003.6% | 837€ | 5.0% | 2 | 622€ |
| 46 | Moj Zen03617262 · Podgorica | 0.6% | 16,161€ | +60.9% | 14€ | 0.1% | 2 | 481€ |
| 47 | Fizikalmed03674886 · Podgorica | 0.6% | 16,050€ | +274.6% | 3,027€ | 18.9% | 1 | 894€ |
| 48 | Fiziomax03292762 · Podgorica | 0.5% | 15,260€ | +52.5% | 388€ | 2.5% | 1 | 1,113€ |
| 49 | Inovativni Institut Dobrković03328341 · Bar | 0.5% | 15,075€ | +204.8% | 4,246€ | 28.2% | 1 | 678€ |
| 50 | Sibirska Masaža03579751 · Bar | 0.5% | 14,500€ | +65.7% | -381€ | -2.6% | 1 | 926€ |