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 351–400 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* |
|---|
| 351 | Forbe Company03509419 · Tivat | <0.1% | 34,711€ | +7.7% | 11,812€ | 34.0% | 1 | 1,428€ |
| 352 | MNG Build03489973 · Budva | <0.1% | 34,709€ | +71.7% | 10,386€ | 29.9% | 3 | 391€ |
| 353 | Dana Invest03195317 · Tivat | <0.1% | 34,697€ | -9.4% | -15,946€ | -46.0% | 1 | 678€ |
| 354 | Bazis Montenegro02726181 · Budva | <0.1% | 34,600€ | -16.1% | 3,578€ | 10.3% | 2 | 853€ |
| 355 | Standard Group Montenegro03207862 · Podgorica | <0.1% | 34,535€ | +1,393.7% | -13,696€ | -39.7% | 1 | — |
| 356 | Taluma Montenegro03300811 · Podgorica | <0.1% | 34,493€ | +154.2% | 765€ | 2.2% | 5 | 386€ |
| 357 | Jugodrvo-Holding02643359 · Herceg Novi | <0.1% | 34,282€ | +4.1% | -208€ | -0.6% | 4 | 480€ |
| 358 | Topla MN Company03655962 · Herceg Novi | <0.1% | 34,206€ | +312.1% | 12,264€ | 35.9% | 2 | 724€ |
| 359 | Stroj Servis02638894 · Bar | <0.1% | 34,200€ | -8.1% | -8,466€ | -24.8% | 2 | 905€ |
| 360 | MNM Investments03286525 · Herceg Novi | <0.1% | 34,020€ | +227.1% | 18,208€ | 53.5% | 1 | 678€ |
| 361 | Iriska Montenegro03587983 · Bar | <0.1% | 33,860€ | +1,028.7% | 14,677€ | 43.3% | 1 | 1,387€ |
| 362 | Una-Invest03675548 · Podgorica | <0.1% | 33,408€ | +104.0% | 9,167€ | 27.4% | 1 | — |
| 363 | LĐ Company03461173 · Podgorica | <0.1% | 32,792€ | 0.0% | 10,003€ | 30.5% | 1 | 339€ |
| 364 | Bid03605698 · Podgorica | <0.1% | 32,743€ | +25.8% | 2,551€ | 7.8% | 1 | 2,331€ |
| 365 | Diem Nekretnine03404358 · Bar | <0.1% | 32,577€ | +105.3% | 1,453€ | 4.5% | 2 | 959€ |
| 366 | Bae Investments03647102 · Podgorica | <0.1% | 32,291€ | +151.0% | 2,214€ | 6.9% | 1 | 677€ |
| 367 | Albi Real Estate03375846 · Tivat | <0.1% | 32,052€ | -33.8% | -28,887€ | -90.1% | 1 | 681€ |
| 368 | Bigovo Development02646510 · Podgorica | <0.1% | 32,000€ | -34.6% | -49,235€ | -153.9% | 2 | 444€ |
| 369 | Dom Home03120023 · Podgorica | <0.1% | 31,936€ | +33.5% | 940€ | 2.9% | 1 | 663€ |
| 370 | Primo Capital03241483 · Podgorica | <0.1% | 31,851€ | +150.6% | 3,939€ | 12.4% | 2 | 1,060€ |
| 371 | Ivana Bay03564266 · Podgorica | <0.1% | 31,625€ | -0.0% | -48,597€ | -153.7% | 1 | — |
| 372 | Amfora Real Estate03182398 · Budva | <0.1% | 31,522€ | -37.2% | -56,022€ | -177.7% | 4 | 850€ |
| 373 | Remington Realty03586278 · Podgorica | <0.1% | 30,788€ | -22.1% | -106,104€ | -344.6% | 3 | 2,048€ |
| 374 | South Kross Company03128989 · Herceg Novi | <0.1% | 30,729€ | +50.8% | -58,585€ | -190.7% | 1 | 2,075€ |
| 375 | One Seven03357163 · Podgorica | <0.1% | 30,651€ | +125.3% | 250€ | 0.8% | 1 | 675€ |
| 376 | Rapid Consult03400573 · Tivat | <0.1% | 30,635€ | -17.4% | 13,233€ | 43.2% | 1 | 667€ |
| 377 | Ib Invest03104141 | <0.1% | 30,525€ | -88.7% | -18,465€ | -60.5% | 1 | 555€ |
| 378 | Ulazi Bara03187136 · Bar | <0.1% | 30,380€ | -14.3% | -5,311€ | -17.5% | 2 | 991€ |
| 379 | Ulazi Boke03487857 · Herceg Novi | <0.1% | 30,262€ | -9.1% | -129€ | -0.4% | 2 | 1,033€ |
| 380 | M&M Invest03461084 · Podgorica | <0.1% | 30,250€ | 0.0% | -47,850€ | -158.2% | 1 | — |
| 381 | Mirodar03209377 · Tivat | <0.1% | 30,129€ | -25.4% | -21,938€ | -72.8% | 1 | 984€ |
| 382 | The House Management03496503 · Budva | <0.1% | 30,110€ | +35.7% | -2,038€ | -6.8% | 1 | 519€ |
| 383 | Sineva02806304 · Tivat | <0.1% | 30,091€ | +73.9% | -15,997€ | -53.2% | 1 | 923€ |
| 384 | Domus Nekretnine03241599 · Podgorica | <0.1% | 30,059€ | +33.7% | 926€ | 3.1% | 2 | 944€ |
| 385 | Altkin Services Limited02642395 · Tivat | <0.1% | 30,000€ | 0.0% | 3,677€ | 12.3% | 1 | 927€ |
| 386 | Mediteran Properties Budva03618803 · Budva | <0.1% | 29,870€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,871€ | -9.6% | 1 | 1,583€ |
| 387 | D&M Bay03564614 · Podgorica | <0.1% | 29,850€ | 0.0% | 8,240€ | 27.6% | 1 | 339€ |
| 388 | Amarilo Re03620883 · Podgorica | <0.1% | 29,841€ | -51.7% | -3,918€ | -13.1% | 2 | 643€ |
| 389 | Montinvest Real Estate Company03591263 · Budva | <0.1% | 29,688€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,682€ | 25.9% | 1 | 1,375€ |
| 390 | Vis Centar02391031 · Podgorica | <0.1% | 29,670€ | -0.2% | -188€ | -0.6% | 4 | 605€ |
| 391 | Old World Ventures03312232 · Tivat | <0.1% | 29,632€ | -87.9% | -9,733€ | -32.8% | 1 | 680€ |
| 392 | Multitask Nekretnine03286932 · Podgorica | <0.1% | 29,490€ | +15.4% | 818€ | 2.8% | 2 | 644€ |
| 393 | Invest Montenegro & Co03174085 · Budva | <0.1% | 29,421€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 808€ | 2.7% | 2 | 1,102€ |
| 394 | Fashion Beach02994003 · Kotor | <0.1% | 29,374€ | +72.1% | -2,594€ | -8.8% | 2 | 506€ |
| 395 | JB Concept Habitat Mne03286584 · Herceg Novi | <0.1% | 28,993€ | -59.6% | -37,803€ | -130.4% | 2 | 1,116€ |
| 396 | Radonjić International Company03737586 · Kotor | <0.1% | 28,888€ | No filing for 2024. | 1,860€ | 6.4% | 0 | — |
| 397 | Business Space03293394 · Podgorica | <0.1% | 28,844€ | -26.8% | 9,173€ | 31.8% | 1 | 339€ |
| 398 | Cockatoo03040399 · Bar | <0.1% | 28,765€ | +30.5% | -4,045€ | -14.1% | 1 | 832€ |
| 399 | Happy Montenegro03263886 · Herceg Novi | <0.1% | 28,750€ | +187.5% | 15,654€ | 54.4% | 1 | 831€ |
| 400 | Trgoprodukt02048418 · Pljevlja | <0.1% | 28,711€ | -2.5% | -4,822€ | -16.8% | 2 | 795€ |