Revenue
4.3% of Montenegro's revenue
5,140 companies earned 754.04m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 7 of 18 sectors by revenue. Revenue has grown 2.9× since 2015.
4.3% of Montenegro's revenue
3,148 with at most one employee
Largest employer: Net Montenegro (605)
Total profit: 73.05m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 260,465,104€ | 1,693 |
| 2016 | 282,295,144€ | 1,857 |
| 2017 | 297,746,589€ | 2,096 |
| 2018 | 355,444,030€ | 2,719 |
| 2019 | 389,657,902€ | 3,076 |
| 2020 | 379,713,011€ | 3,280 |
| 2021 | 460,416,960€ | 3,544 |
| 2022 | 481,963,069€ | 4,157 |
| 2023 | 573,319,896€ | 4,742 |
| 2024 | 663,861,015€ | 5,063 |
| 2025 (Preliminary) | 754,035,790€ | 5,140 |
The number of companies jumped most in 2018: from 2,096 to 2,719.
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 3901–3950 of 5,140
* 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 383 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* |
|---|
| 3901 | Butterfly03772268 · Budva | 0.0% | 0€ | No filing for 2024. | -4,056€ | — | 1 | 335€ |
| 3902 | Cadet Maritime Company03345831 · Kotor | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3903 | Capital Concept 2503748847 · Tivat | 0.0% | 0€ | No filing for 2024. | -4,108€ | — | 1 | 342€ |
| 3904 | Capital Inn03181936 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,117€ | — | 1 | 339€ |
| 3905 | Čeda Tim03077462 · Bar | 0.0% | 0€ | -100.0% | -8,750€ | — | 1 | 678€ |
| 3906 | Cerfin03453405 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,303€ | — | 1 | 2,292€ |
| 3907 | Cestra03233316 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,740€ | — | 2 | 836€ |
| 3908 | Ceyd Company03537609 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,116€ | — | 1 | 926€ |
| 3909 | CG Trade and Consulting03229297 · Tivat | 0.0% | 0€ | -100.0% | -8,193€ | — | 1 | 677€ |
| 3910 | Chesdev03466116 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,815€ | — | 1 | 750€ |
| 3911 | 0.0% | 0€ | No filing for 2024. | -12,209€ | — | 2 | 357€ | |
| 3912 | C&H Montenegro03248496 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,311€ | — | 1 | 1,160€ |
| 3913 | Ciftci Design03404480 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,116€ | — | 1 | 676€ |
| 3914 | Clinic Health Tourism03414825 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,780€ | — | 1 | 922€ |
| 3915 | CML Construction Services03794393 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,064€ | — | 1 | 328€ |
| 3916 | Coluck Advertising03690482 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,706€ | — | 1 | 678€ |
| 3917 | Consultorio Europea03159388 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,082€ | — | 1 | 338€ |
| 3918 | Contest02676745 · Herceg Novi | 0.0% | 0€ | -100.0% | -10,005€ | — | 1 | 678€ |
| 3919 | Conversations With Corie03629490 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,078€ | — | 1 | 926€ |
| 3920 | Copyright02636620 · Budva | 0.0% | 0€ | -100.0% | -2,726€ | — | 1 | — |
| 3921 | Cosmomv03536181 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 3922 | Crazy Crow Studio03569624 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,433€ | — | 2 | 678€ |
| 3923 | Creative Architects03468372 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 3924 | Creative Solutions Montenegro03057925 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,034€ | — | 1 | — |
| 3925 | Da-Dragovoja Architecture03071413 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,435€ | — | 3 | 922€ |
| 3926 | Dajp03761304 · Tivat | 0.0% | 0€ | No filing for 2024. | -3,278€ | — | 1 | — |
| 3927 | Danuvius03726592 · Bar | 0.0% | 0€ | No filing for 2024. | -2,677€ | — | 1 | — |
| 3928 | Darbi03350002 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -64,749€ | — | 1 | 1,331€ |
| 3929 | D Bulk Carriers03193675 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3930 | Deal Ducks03795195 · Kotor | 0.0% | 0€ | No filing for 2024. | -1,053€ | — | 1 | — |
| 3931 | De Company03686868 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,140€ | — | 1 | 511€ |
| 3932 | Deep Tourism03632547 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 3933 | Delewhite03153665 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,103€ | — | 1 | — |
| 3934 | Dellkom03104745 · Rožaje | 0.0% | 0€ | -100.0% | -4,196€ | — | 1 | — |
| 3935 | Denistic Group03546748 · Pljevlja | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3936 | Desire Design03602605 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,579€ | — | 1 | 1,767€ |
| 3937 | Developers Green Labs03689069 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,901€ | — | 1 | 863€ |
| 3938 | Device Technology03289443 · Podgorica | 0.0% | 0€ | -100.0% | -2,035€ | — | 1 | — |
| 3939 | Dijitalizm03730557 · Budva | 0.0% | 0€ | No filing for 2024. | -6,781€ | — | 1 | 565€ |
| 3940 | Dila Scientific03419100 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,529€ | — | 1 | 922€ |
| 3941 | Dilber Health Tourism03436390 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,866€ | — | 1 | 922€ |
| 3942 | Dinvest Montenegro03241173 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,489€ | — | 1 | — |
| 3943 | Energoprojekt Hidroinženjering Beograd Poslovna Jedinica03205207 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -54,756€ | — | 5 | 842€ |
| 3944 | Diverso Travel03196682 · Budva | 0.0% | 0€ | -100.0% | -4,020€ | — | 1 | 335€ |
| 3945 | DKRK03232930 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,376€ | — | 1 | 678€ |
| 3946 | D.M.M. Co02759071 · Bijelo Polje | 0.0% | 0€ | -100.0% | -4,167€ | — | 1 | 335€ |
| 3947 | DNM National03808807 · Bar | 0.0% | 0€ | No filing for 2024. | -336€ | — | 1 | — |
| 3948 | Dobro TP03496155 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,446€ | — | 1 | 678€ |
| 3949 | Docman03412202 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,246€ | — | 1 | 678€ |
| 3950 | Dogodogo03772349 · Šavnik | 0.0% | 0€ | No filing for 2024. | -2,292€ | — | 0 | — |