Revenue
1.3% of Montenegro's revenue
1,642 companies earned 229.77m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 18 sectors by revenue. Revenue has grown 4.8× since 2015.
1.3% of Montenegro's revenue
1,221 with at most one employee
Largest employer: Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore (240)
Total profit: 9.88m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 47,981,640€ | 589 |
| 2016 | 56,737,606€ | 589 |
| 2017 | 69,589,820€ | 642 |
| 2018 | 60,030,655€ | 759 |
| 2019 | 62,816,032€ | 885 |
| 2020 | 62,442,623€ | 943 |
| 2021 | 96,671,654€ | 1,060 |
| 2022 | 184,811,376€ | 1,327 |
| 2023 | 193,544,494€ | 1,508 |
| 2024 | 193,806,032€ | 1,631 |
| 2025 (Preliminary) | 229,773,419€ | 1,642 |
The number of companies jumped most in 2022: from 1,060 to 1,327.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 251–300 of 1,642
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 251 | Forte Mare02647184 · Herceg Novi | <0.1% | 68,223€ | +179.2% | -3,376€ | -4.9% | 4 | 673€ |
| 252 | Leon Suites03278310 · Budva | <0.1% | 68,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,789€ | 37.8% | 1 | 916€ |
| 253 | Master Real Estate03370658 · Podgorica | <0.1% | 67,815€ | +180.6% | 21,672€ | 32.0% | 3 | 800€ |
| 254 | Venta Digital Marketing03636712 · Podgorica | <0.1% | 67,799€ | +202.1% | 32,633€ | 48.1% | 1 | 677€ |
| 255 | Metris03368858 · Tivat | <0.1% | 66,321€ | +70.2% | -56,932€ | -85.8% | 2 | — |
| 256 | Valdan02436469 · Budva | <0.1% | 64,893€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,515€ | -48.6% | 2 | 809€ |
| 257 | JLV Invest03698866 · Budva | <0.1% | 64,276€ | +252.9% | 1,719€ | 2.7% | 1 | 2,630€ |
| 258 | Property HN03481476 · Herceg Novi | <0.1% | 63,859€ | -29.1% | 6,726€ | 10.5% | 1 | 677€ |
| 259 | Blue Horizon03181871 · Tivat | <0.1% | 63,750€ | 0.0% | 3,991€ | 6.3% | 2 | 404€ |
| 260 | Gabriel03338134 · Tivat | <0.1% | 63,402€ | -3.2% | -14,274€ | -22.5% | 1 | 932€ |
| 261 | Elite Tourism03333531 · Tivat | <0.1% | 63,340€ | -1.2% | -21,758€ | -34.4% | 1 | 339€ |
| 262 | MN Estate03391779 · Podgorica | <0.1% | 63,240€ | 0.0% | 32,636€ | 51.6% | 1 | 451€ |
| 263 | Bolton Management Montenegro02678683 · Budva | <0.1% | 62,727€ | +26.3% | -81,486€ | -129.9% | 4 | 718€ |
| 264 | 3 BRD Consulting03078540 · Budva | <0.1% | 62,667€ | +366.2% | 10,225€ | 16.3% | 2 | 1,001€ |
| 265 | Did Nekretnine03664040 · Podgorica | <0.1% | 61,374€ | +97.3% | 17,695€ | 28.8% | 1 | 3,145€ |
| 266 | Viginti Diocleii03203816 · Danilovgrad | <0.1% | 61,245€ | -8.4% | 2,125€ | 3.5% | 1 | 450€ |
| 267 | North Real Estate02922975 · Pljevlja | <0.1% | 61,149€ | +31.7% | 18,350€ | 30.0% | 1 | 683€ |
| 268 | Balance Life Management03705188 · Podgorica | <0.1% | 60,889€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,168€ | -33.1% | 2 | 3,313€ |
| 269 | First Assets Management02850419 · Podgorica | <0.1% | 60,564€ | +565.5% | -1,704€ | -2.8% | 1 | — |
| 270 | Global Mont Investment02674246 · Budva | <0.1% | 60,509€ | +258.0% | 1,761€ | 2.9% | 1 | 354€ |
| 271 | Premium Group03345734 · Podgorica | <0.1% | 59,948€ | +48.0% | 2,240€ | 3.7% | 3 | 1,168€ |
| 272 | DND Invest02655071 · Budva | <0.1% | 59,350€ | -26.0% | -36,675€ | -61.8% | 5 | 701€ |
| 273 | Lunas International03411214 · Tivat | <0.1% | 59,158€ | +393.0% | -104,300€ | -176.3% | 1 | 678€ |
| 274 | Inter Nos02629909 · Herceg Novi | <0.1% | 57,643€ | +256.1% | 22,568€ | 39.2% | 2 | 677€ |
| 275 | Nekretnine Ul03431975 · Ulcinj | <0.1% | 57,039€ | -28.3% | 47€ | 0.1% | 3 | 472€ |
| 276 | Data and Media Consultancy03675831 · Podgorica | <0.1% | 55,147€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,525€ | -35.4% | 1 | 306€ |
| 277 | Progres Mne02813262 · Herceg Novi | <0.1% | 55,017€ | -35.1% | -142,837€ | -259.6% | 2 | 393€ |
| 278 | Synergy Development02997878 · Tivat | <0.1% | 54,523€ | -25.2% | -32,849€ | -60.2% | 2 | 615€ |
| 279 | Accounting Solutions03080358 · Podgorica | <0.1% | 54,474€ | +31.7% | 6,707€ | 12.3% | 2 | 1,561€ |
| 280 | STP Partners03351769 · Podgorica | <0.1% | 54,328€ | +34.2% | 8,092€ | 14.9% | 2 | 689€ |
| 281 | Dolce Montenegro03213455 · Budva | <0.1% | 53,960€ | +91.2% | 25,288€ | 46.9% | 1 | 615€ |
| 282 | Status Luxury03630463 · Budva | <0.1% | 52,876€ | +666.3% | 23,084€ | 43.7% | 1 | 675€ |
| 283 | Area Group03372855 · Herceg Novi | <0.1% | 52,692€ | +44.2% | -29,450€ | -55.9% | 2 | 597€ |
| 284 | Dzro Montenegro Holdings03151832 · Tivat | <0.1% | 52,191€ | -54.4% | -36,321€ | -69.6% | 1 | 680€ |
| 285 | Nur Property Services03230538 · Podgorica | <0.1% | 52,122€ | -3.7% | -19,813€ | -38.0% | 2 | 531€ |
| 286 | Sunčana Planina02442795 · Kotor | <0.1% | 51,957€ | -0.6% | 0€ | 0.0% | 2 | 375€ |
| 287 | Montedreams Royal03424855 · Budva | <0.1% | 51,939€ | +42.9% | -9,160€ | -17.6% | 5 | 774€ |
| 288 | Da Vinči02456940 · Budva | <0.1% | 51,731€ | +243.1% | -15,281€ | -29.5% | 2 | 742€ |
| 289 | VSM Properties03411362 · Tivat | <0.1% | 51,457€ | -3.5% | -42,344€ | -82.3% | 1 | 1,837€ |
| 290 | Mont Investment02882400 · Bijelo Polje | <0.1% | 50,955€ | +3.0% | 17,508€ | 34.4% | 1 | 851€ |
| 291 | Larisa Co02689189 · Budva | <0.1% | 50,818€ | +13.5% | 31,699€ | 62.4% | 1 | — |
| 292 | Rivijera02428563 · Herceg Novi | <0.1% | 50,513€ | -34.8% | -14,433€ | -28.6% | 5 | 736€ |
| 293 | Mont-Real02444739 · Budva | <0.1% | 50,075€ | -9.3% | 9,400€ | 18.8% | 2 | 1,167€ |
| 294 | Hill Homes Montenegro03542491 · Zeta | <0.1% | 50,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,098€ | 16.2% | 1 | 1,612€ |
| 295 | Whiteline Group03453219 · Budva | <0.1% | 49,769€ | -34.1% | -11,293€ | -22.7% | 1 | 995€ |
| 296 | Boka Bay Residences03662861 · Herceg Novi | <0.1% | 49,421€ | +620.1% | -22,527€ | -45.6% | 2 | 639€ |
| 297 | Aooo03185923 · Herceg Novi | <0.1% | 49,143€ | +719.7% | 13,514€ | 27.5% | 1 | — |
| 298 | Montesa Group02952874 · Budva | <0.1% | 48,964€ | +74.0% | 4,003€ | 8.2% | 2 | 730€ |
| 299 | Progresstech02926296 · Tivat | <0.1% | 48,653€ | +21.9% | -26,420€ | -54.3% | 1 | 929€ |
| 300 | Maximin Development03633446 · Podgorica | <0.1% | 48,374€ | +171.6% | 13,681€ | 28.3% | 1 | 677€ |