Revenue
7.3% of Montenegro's revenue
3,730 companies earned 1.28b€ in 2025, 7.3% of all company revenue in Montenegro. It ranks 4 of 18 sectors by revenue. Revenue has grown 4.4× since 2015.
7.3% of Montenegro's revenue
1,317 with at most one employee
Largest employer: Budvanska Rivijera (600)
Total profit: 40.50m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 293,412,112€ | 1,514 |
| 2016 | 326,915,110€ | 1,760 |
| 2017 | 408,696,660€ | 1,996 |
| 2018 | 478,761,075€ | 2,271 |
| 2019 | 555,265,409€ | 2,491 |
| 2020 | 259,902,954€ | 2,701 |
| 2021 | 541,241,109€ | 2,889 |
| 2022 | 805,288,344€ | 3,220 |
| 2023 | 1,029,042,003€ | 3,598 |
| 2024 | 1,186,045,662€ | 3,784 |
| 2025 (Preliminary) | 1,281,069,991€ | 3,730 |
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 451–500 of 3,730
* 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 354 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* |
|---|
| 451 | Agava-Podgorica03402738 · Podgorica | <0.1% | 488,018€ | +17.7% | 21,606€ | 4.4% | 11 | 1,196€ |
| 452 | Salus02158248 · Budva | <0.1% | 486,867€ | +19.6% | 61,550€ | 12.6% | 7 | 1,244€ |
| 453 | Bošković Group02710536 · Podgorica | <0.1% | 486,072€ | +0.4% | 310€ | 0.1% | 12 | 716€ |
| 454 | Virtus Mne03092097 · Kotor | <0.1% | 479,000€ | -8.1% | 169,271€ | 35.3% | 5 | 474€ |
| 455 | Take Off03310248 · Tivat | <0.1% | 478,602€ | +129.3% | -17,026€ | -3.6% | 9 | 1,864€ |
| 456 | Teodo02740648 · Tivat | <0.1% | 477,538€ | +24.6% | 4,387€ | 0.9% | 16 | 684€ |
| 457 | Sasso Verde03660419 · Budva | <0.1% | 476,836€ | +68.3% | -142,075€ | -29.8% | 15 | 1,129€ |
| 458 | Well Corporation03549348 · Ulcinj | <0.1% | 476,035€ | +256.2% | 1,250€ | 0.3% | 8 | 337€ |
| 459 | Ćetković-ĆPL02849135 · Podgorica | <0.1% | 475,801€ | +34.7% | 41,712€ | 8.8% | 10 | 1,035€ |
| 460 | Lungo Mare Montenegro03174751 · Budva | <0.1% | 474,597€ | -12.9% | 12,178€ | 2.6% | 12 | 755€ |
| 461 | Aquariva03136418 · Budva | <0.1% | 474,564€ | -41.4% | -8,051€ | -1.7% | 12 | 523€ |
| 462 | Le - Mag03069583 · Bar | <0.1% | 472,738€ | -6.9% | 22,995€ | 4.9% | 13 | 1,114€ |
| 463 | MV Invest02736691 · Podgorica | <0.1% | 471,664€ | +39.2% | 57,544€ | 12.2% | 10 | 539€ |
| 464 | Antares02332477 · Tivat | <0.1% | 471,052€ | -0.1% | 427€ | 0.1% | 13 | 1,082€ |
| 465 | Nacional03163717 · Kolašin | <0.1% | 470,464€ | +14.3% | 75,755€ | 16.1% | 8 | 977€ |
| 466 | Braća Radanović02090031 · Kotor | <0.1% | 470,357€ | +2.2% | 112,344€ | 23.9% | 12 | 1,004€ |
| 467 | Jedinica Damjanović02662841 · Herceg Novi | <0.1% | 469,313€ | +13.9% | 20,710€ | 4.4% | 8 | 705€ |
| 468 | Tartufo03531309 · Kotor | <0.1% | 468,698€ | +47.3% | 90,515€ | 19.3% | 4 | 711€ |
| 469 | Doc Holliday03667553 · Podgorica | <0.1% | 468,332€ | +209.2% | 62,311€ | 13.3% | 12 | 548€ |
| 470 | Abrum Company03412601 · Kotor | <0.1% | 468,065€ | +4.2% | 94,235€ | 20.1% | 11 | 1,228€ |
| 471 | Miami02468280 · Ulcinj | <0.1% | 465,957€ | +10.5% | 59,882€ | 12.9% | 2 | 2,118€ |
| 472 | Lux Sunrior03346994 · Budva | <0.1% | 465,857€ | +21.3% | -17,566€ | -3.8% | 3 | 1,351€ |
| 473 | Mind Company03163571 · Tivat | <0.1% | 465,660€ | +879.7% | 309,529€ | 66.5% | 10 | 644€ |
| 474 | Obala Trade02966808 · Danilovgrad | <0.1% | 465,560€ | +24.1% | 23,456€ | 5.0% | 6 | 587€ |
| 475 | Korkovado L Ivanović02883295 · Budva | <0.1% | 465,545€ | -6.8% | 369€ | 0.1% | 9 | 1,153€ |
| 476 | Palma Tours02746808 · Bar | <0.1% | 463,199€ | -20.5% | 29,187€ | 6.3% | 5 | 584€ |
| 477 | Novi Bife Beograd03229831 · Herceg Novi | <0.1% | 462,203€ | -9.0% | -20,970€ | -4.5% | 16 | 690€ |
| 478 | A. I. L.02398923 · Budva | <0.1% | 461,195€ | -37.6% | -14,956€ | -3.2% | 14 | 827€ |
| 479 | Falcon Com03008819 · Nikšić | <0.1% | 461,022€ | +1.4% | 7,704€ | 1.7% | 12 | 800€ |
| 480 | Food District03552322 · Tivat | <0.1% | 460,003€ | +29.3% | -51,350€ | -11.2% | 8 | 1,172€ |
| 481 | Vapiano03066622 · Tivat | <0.1% | 459,924€ | +12.1% | 40,164€ | 8.7% | 9 | 657€ |
| 482 | Amipek02166038 · Podgorica | <0.1% | 459,782€ | +16.4% | 69,292€ | 15.1% | 11 | 934€ |
| 483 | Gabbiano VS02968070 · Bar | <0.1% | 459,603€ | -1.3% | 120,182€ | 26.1% | 2 | 707€ |
| 484 | Copacabana Montenegro02984695 · Ulcinj | <0.1% | 459,172€ | -12.6% | 5,424€ | 1.2% | 6 | 991€ |
| 485 | Senčo Company03566846 · Bijelo Polje | <0.1% | 457,670€ | +31.2% | 1,189€ | 0.3% | 8 | 539€ |
| 486 | Bulevar 08103216438 · Podgorica | <0.1% | 455,360€ | +5.5% | 3,325€ | 0.7% | 11 | 1,145€ |
| 487 | Luka's In02830744 · Berane | <0.1% | 455,262€ | +19.5% | 69,636€ | 15.3% | 9 | 1,146€ |
| 488 | Šejla Tours02796244 · Bar | <0.1% | 453,397€ | -8.7% | 5,699€ | 1.3% | 13 | 859€ |
| 489 | Vitamic03106438 · Podgorica | <0.1% | 452,817€ | +23.9% | 19,249€ | 4.3% | 7 | 1,059€ |
| 490 | Restoran Obala03389570 · Podgorica | <0.1% | 451,637€ | +23.5% | 75,660€ | 16.8% | 4 | 1,031€ |
| 491 | Kairos02408309 · Budva | <0.1% | 451,077€ | -66.4% | 20,557€ | 4.6% | 2 | 787€ |
| 492 | La Mar Inc03422020 · Budva | <0.1% | 450,528€ | +45.1% | 75,550€ | 16.8% | 6 | 1,749€ |
| 493 | Mivia03173194 · Herceg Novi | <0.1% | 450,448€ | +11.9% | 27,320€ | 6.1% | 10 | 1,350€ |
| 494 | La Habana02843714 · Bar | <0.1% | 449,433€ | +3.9% | 98,715€ | 22.0% | 8 | 806€ |
| 495 | Kenova Igalo03661296 · Herceg Novi | <0.1% | 449,372€ | +79.7% | 65,978€ | 14.7% | 11 | 1,257€ |
| 496 | Bjelobor02355566 · Žabljak | <0.1% | 449,254€ | +25.7% | 10,581€ | 2.4% | 10 | 1,005€ |
| 497 | Bannox03628965 · Ulcinj | <0.1% | 448,794€ | +332.8% | 92,894€ | 20.7% | 12 | 865€ |
| 498 | Madam Mandić03256677 · Podgorica | <0.1% | 445,299€ | -18.7% | 3,823€ | 0.9% | 14 | 873€ |
| 499 | Antivari Star03024687 · Bar | <0.1% | 444,624€ | +114.1% | 68,117€ | 15.3% | 15 | 659€ |
| 500 | United Consulting Team03155978 · Podgorica | <0.1% | 444,567€ | +30.5% | -45,356€ | -10.2% | 8 | 834€ |