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 51–100 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.
0.5% |
| 12,813€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -745€ |
| -5.8% |
| 1 |
| 670€ |
| 53 | MY World03613542 · Kotor | 0.4% | 12,611€ | +49.8% | -523€ | -4.1% | 1 | 746€ |
| 54 | Beauty Shape Factory03591344 · Podgorica | 0.4% | 12,554€ | -40.8% | -19,467€ | -155.1% | 3 | 791€ |
| 55 | Aj Rituals03700755 · Podgorica | 0.4% | 12,106€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -458€ | -3.8% | 1 | 696€ |
| 56 | Netlenka03450813 · Cetinje | 0.4% | 12,100€ | +51.6% | 402€ | 3.3% | 1 | 926€ |
| 57 | Ab Beauty Center03646963 · Podgorica | 0.4% | 11,728€ | +189.8% | -2,112€ | -18.0% | 1 | 675€ |
| 58 | Sigma Health Center03177483 · Podgorica | 0.4% | 11,190€ | -10.8% | 89€ | 0.8% | 1 | 802€ |
| 59 | S02769859 · Podgorica | 0.3% | 9,771€ | +46.7% | -162€ | -1.7% | 1 | 677€ |
| 60 | TB Trading03563456 · Budva | 0.3% | 9,451€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,307€ | 13.8% | 1 | 679€ |
| 61 | Centar za Prevenciju i Njegu Tijela - Hydro Detox Montenegro03620387 · Budva | 0.3% | 9,383€ | -22.8% | -1,755€ | -18.7% | 1 | 474€ |
| 62 | Health Clinic03435989 · Podgorica | 0.3% | 9,216€ | +1.1% | -5,110€ | -55.4% | 1 | 1,036€ |
| 63 | Aurora Borealis Mne03632318 · Budva | 0.3% | 8,477€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -953€ | -11.2% | 1 | 680€ |
| 64 | Kapić Massage Therapy03693996 · Podgorica | 0.3% | 8,279€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,772€ | -45.6% | 1 | 675€ |
| 65 | Motus03183742 · Podgorica | 0.3% | 7,233€ | +23.3% | -4,523€ | -62.5% | 1 | 682€ |
| 66 | Boban & Strahinja03377539 · Tivat | 0.2% | 7,015€ | -35.5% | -1,739€ | -24.8% | 1 | 343€ |
| 67 | Gals Group03732134 · Nikšić | 0.2% | 6,397€ | No filing for 2024. | -13,316€ | -208.2% | 1 | — |
| 68 | Sliming Studio03756017 · Podgorica | 0.2% | 6,389€ | No filing for 2024. | 1,522€ | 23.8% | 1 | 390€ |
| 69 | Dentalni i Estetski Studio Radulović03333981 · Podgorica | 0.2% | 6,047€ | -37.7% | -3,508€ | -58.0% | 1 | 460€ |
| 70 | Mon Cheri03466264 · Bar | 0.2% | 5,989€ | -7.0% | -3,040€ | -50.8% | 2 | — |
| 71 | OL.DI Company03295796 · Budva | 0.2% | 5,980€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,439€ | -358.5% | 1 | 670€ |
| 72 | Tiha03330745 · Podgorica | 0.2% | 5,795€ | +152.0% | 432€ | 7.5% | 1 | — |
| 73 | Sportomed Sports Club03609740 · Podgorica | 0.2% | 5,550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,157€ | -201.0% | 1 | 927€ |
| 74 | Institut za Sportsku i Manuelnu Metodologiju- Affiliate03518736 · Podgorica | 0.2% | 5,130€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 47€ | 0.9% | 1 | 389€ |
| 75 | Novo Luna03758435 · Podgorica | 0.2% | 4,869€ | No filing for 2024. | -5,644€ | -115.9% | 1 | 661€ |
| 76 | Fizio Medic03802523 · Podgorica | 0.2% | 4,802€ | No filing for 2024. | 14€ | 0.3% | 1 | — |
| 77 | Elite Fitnes Centar03758583 · Bar | 0.2% | 4,500€ | No filing for 2024. | 2,588€ | 57.5% | 1 | — |
| 78 | Calming Lotus03544141 · Podgorica | 0.1% | 4,010€ | +1.9% | 375€ | 9.4% | 1 | — |
| 79 | & VH03656535 · Podgorica | 0.1% | 3,798€ | +259.7% | -5,852€ | -154.1% | 3 | — |
| 80 | Master MG03783880 · Podgorica | 0.1% | 3,440€ | No filing for 2024. | 175€ | 5.1% | 1 | — |
| 81 | Ist Centar03384608 · Budva | 0.1% | 3,355€ | +1,460.5% | -19,908€ | -593.4% | 2 | 612€ |
| 82 | Ayush Ayurveda and Yoga Theraphy Center03767558 · Podgorica | 0.1% | 3,304€ | No filing for 2024. | -8,334€ | -252.2% | 1 | 404€ |
| 83 | Fiziorehab_me03789543 · Podgorica | 0.1% | 3,202€ | No filing for 2024. | 66€ | 2.1% | 1 | — |
| 84 | Beauty Label03424596 · Bar | 0.1% | 3,195€ | +427.2% | -16,237€ | -508.2% | 2 | 799€ |
| 85 | Paziom03789462 · Podgorica | 0.1% | 2,921€ | No filing for 2024. | -2,278€ | -78.0% | 0 | — |
| 86 | Starsmed03555666 · Budva | <0.1% | 2,490€ | +2,249.1% | -22,488€ | -903.1% | 1 | 981€ |
| 87 | Bioregulacija03469913 · Bar | <0.1% | 1,980€ | -34.0% | -1,651€ | -83.4% | 1 | — |
| 88 | Compass of Health03735010 · Budva | <0.1% | 1,800€ | No filing for 2024. | -5,407€ | -300.4% | 1 | 521€ |
| 89 | Kamelia Body Spa03447120 · Budva | <0.1% | 1,540€ | -60.1% | -6,672€ | -433.2% | 1 | 674€ |
| 90 | Phoenix Healing03685713 · Budva | <0.1% | 1,325€ | No filing for 2024. | -7,850€ | -592.5% | 1 | 707€ |
| 91 | Cosmobeauty03635147 · Cetinje | <0.1% | 1,220€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,553€ | -701.1% | 1 | 810€ |
| 92 | Simax PXDS02686953 · Herceg Novi | <0.1% | 1,219€ | -24.0% | -7,163€ | -587.6% | 1 | 677€ |
| 93 | Difox03582337 · Budva | <0.1% | 1,101€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,944€ | -812.4% | 2 | 364€ |
| 94 | Fiziokultura Tivat03773698 · Tivat | <0.1% | 875€ | No filing for 2024. | -2,693€ | -307.8% | 1 | — |
| 95 | Flying Cats Nails03787494 · Podgorica | <0.1% | 779€ | No filing for 2024. | -2,574€ | -330.4% | 1 | — |
| 96 | Skin Touch03803864 · Bar | <0.1% | 702€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 97 | Healing Centar Oriental03546551 · Tivat | <0.1% | 680€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,517€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 98 | Rose & Lila03403734 · Podgorica | <0.1% | 470€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,097€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 99 | White Orchid Thai Massage03746577 · Podgorica | <0.1% | 353€ | No filing for 2024. | -5,076€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | — |
| 100 | Revival-Home03341623 · Herceg Novi | <0.1% | 220€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,754€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |