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 301–350 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* |
|---|
| 301 | MTG Invest03151727 · Podgorica | <0.1% | 48,113€ | +1,939.6% | -1,778,774€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 302 | Tre Canne 14003331059 · Budva | <0.1% | 48,043€ | +19.2% | 11,122€ | 23.2% | 1 | 338€ |
| 303 | Monte Investments03128067 · Tivat | <0.1% | 48,000€ | +25.0% | -8,103€ | -16.9% | 2 | 450€ |
| 304 | Sas Construction02648121 · Podgorica | <0.1% | 47,971€ | +12.9% | -7,896€ | -16.5% | 2 | 819€ |
| 305 | Horizon Group03310736 · Budva | <0.1% | 47,856€ | +3,914.8% | 38,523€ | 80.5% | 1 | 306€ |
| 306 | Tribunus03551806 · Tivat | <0.1% | 47,545€ | +419.1% | -1,422€ | -3.0% | 1 | 1,030€ |
| 307 | Zastava03395766 · Kotor | <0.1% | 47,540€ | +43,514.7% | 34,099€ | 71.7% | 1 | 740€ |
| 308 | Blue-Mat-Mont02894785 · Kotor | <0.1% | 47,502€ | +83.9% | -4,914€ | -10.3% | 1 | 1,013€ |
| 309 | Solis03320952 · Podgorica | <0.1% | 46,325€ | +3.7% | 20,866€ | 45.0% | 1 | — |
| 310 | Sailor Check03138186 · Podgorica | <0.1% | 46,147€ | -34.9% | -164,119€ | -355.6% | 1 | 927€ |
| 311 | Lighthouse Plus03563448 · Budva | <0.1% | 46,069€ | +56.8% | -10,152€ | -22.0% | 4 | 811€ |
| 312 | Reževići02628040 · Kotor | <0.1% | 45,996€ | +48.5% | -103,488€ | -225.0% | 1 | — |
| 313 | Juric Holdings03277917 · Tivat | <0.1% | 45,595€ | +13.4% | -4,022€ | -8.8% | 1 | 929€ |
| 314 | Montenegro Genesis03401766 · Kotor | <0.1% | 45,009€ | +92.4% | 3,556€ | 7.9% | 3 | 662€ |
| 315 | PM 1.2403106934 · Tivat | <0.1% | 44,786€ | -5.1% | -5,581€ | -12.5% | 1 | 680€ |
| 316 | Pure Water03324940 · Kotor | <0.1% | 44,700€ | -26.9% | 242€ | 0.5% | 1 | 880€ |
| 317 | Auguri03457567 · Tivat | <0.1% | 44,504€ | -50.5% | -34,494€ | -77.5% | 4 | 740€ |
| 318 | Giare03148882 · Bar | <0.1% | 43,588€ | +27.2% | -29,384€ | -67.4% | 3 | 840€ |
| 319 | Blackbird Management03376591 · Cetinje | <0.1% | 43,485€ | +79.9% | 5,910€ | 13.6% | 1 | 1,268€ |
| 320 | Montenegro Moments03454606 · Tivat | <0.1% | 43,305€ | -6.3% | -69,826€ | -161.2% | 3 | 917€ |
| 321 | Leea03044459 · Budva | <0.1% | 42,858€ | -11.6% | -151€ | -0.4% | 3 | 582€ |
| 322 | Tradegoria02944367 · Bar | <0.1% | 42,701€ | +123.4% | 10,203€ | 23.9% | 3 | 577€ |
| 323 | L’ Acces International Investments03106322 · Tivat | <0.1% | 42,211€ | -52.8% | -243,927€ | -577.9% | 4 | 759€ |
| 324 | Ferienanlage Luhmann/Riesenberg/ Sander-Beuermann02867656 · Herceg Novi | <0.1% | 41,882€ | +16.3% | -8,255€ | -19.7% | 1 | 925€ |
| 325 | A Property Montenegro03528294 · Kotor | <0.1% | 41,707€ | +530.8% | 16,236€ | 38.9% | 1 | 1,265€ |
| 326 | Boka Rock03325997 · Herceg Novi | <0.1% | 41,581€ | +15.2% | -13,807€ | -33.2% | 1 | 852€ |
| 327 | Chromax03106098 · Tivat | <0.1% | 41,059€ | +106.4% | -4,775€ | -11.6% | 1 | 713€ |
| 328 | MY Place Real Estate and Consulting03363627 · Podgorica | <0.1% | 40,915€ | +414.8% | 12,321€ | 30.1% | 1 | 707€ |
| 329 | Tolland Enterprises Limited03367177 · Tivat | <0.1% | 40,617€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -113,201€ | -278.7% | 2 | 1,172€ |
| 330 | Duet K.O.03131106 · Budva | <0.1% | 40,363€ | +10.0% | 10,100€ | 25.0% | 1 | 678€ |
| 331 | Montenor02446278 · Budva | <0.1% | 40,000€ | +192.2% | 20,543€ | 51.4% | 1 | 677€ |
| 332 | Fidelity Invest03271501 · Tivat | <0.1% | 39,724€ | +3.5% | -12,498€ | -31.5% | 1 | 680€ |
| 333 | Ddob03376141 · Berane | <0.1% | 39,301€ | -0.0% | 2,749€ | 7.0% | 2 | 1,370€ |
| 334 | Sel Company03037061 · Budva | <0.1% | 39,241€ | -60.0% | -12,389€ | -31.6% | 5 | 516€ |
| 335 | Home For You03204197 · Budva | <0.1% | 38,927€ | -53.9% | -45,881€ | -117.9% | 4 | 990€ |
| 336 | Favorit Invest03457958 · Tivat | <0.1% | 38,835€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,403€ | -62.8% | 1 | 1,962€ |
| 337 | Formatura03274969 · Tivat | <0.1% | 38,202€ | -19.1% | -21,582€ | -56.5% | 1 | 929€ |
| 338 | Soho FM03188612 · Bar | <0.1% | 37,423€ | +2.3% | -11,016€ | -29.4% | 4 | 895€ |
| 339 | Rent Point03711048 · Budva | <0.1% | 37,350€ | No filing for 2024. | 830€ | 2.2% | 2 | 467€ |
| 340 | Solea Homes03747417 · Tivat | <0.1% | 37,000€ | No filing for 2024. | 23,062€ | 62.3% | 1 | 378€ |
| 341 | LB Investment03212637 · Tivat | <0.1% | 36,615€ | +59.3% | -17,440€ | -47.6% | 1 | — |
| 342 | Kinpro Mne03662306 · Podgorica | <0.1% | 36,601€ | +7,220.2% | -3,594€ | -9.8% | 1 | 678€ |
| 343 | Seven Real Estate03180166 · Budva | <0.1% | 36,305€ | +27.1% | -16,819€ | -46.3% | 4 | 735€ |
| 344 | Vanmatterhorn03519619 · Budva | <0.1% | 36,059€ | -52.6% | 6,279€ | 17.4% | 1 | 941€ |
| 345 | MP-Teh02958988 · Budva | <0.1% | 36,000€ | +33.3% | 19,893€ | 55.3% | 1 | 667€ |
| 346 | Olive Stonehouse03736555 · Herceg Novi | <0.1% | 35,566€ | No filing for 2024. | 4,216€ | 11.9% | 1 | 757€ |
| 347 | Adria Stone02890429 · Budva | <0.1% | 35,545€ | -25.7% | -35,283€ | -99.3% | 4 | 928€ |
| 348 | Balsa Real Estate03699692 · Herceg Novi | <0.1% | 35,100€ | +869.6% | -11,412€ | -32.5% | 1 | 3,569€ |
| 349 | Montenegro Asset Management03161455 · Podgorica | <0.1% | 35,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,024€ | -14.4% | 2 | 1,114€ |
| 350 | Diocleia Real Estate Partners03217116 · Podgorica | <0.1% | 34,958€ | -62.6% | -31,588€ | -90.4% | 3 | 690€ |