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 501–550 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* |
|---|
| 501 | Montin03051633 · Herceg Novi | <0.1% | 443,064€ | +92.2% | 45,793€ | 10.3% | 3 | 2,347€ |
| 502 | Mipe03096637 · Nikšić | <0.1% | 442,857€ | +12.6% | 25,965€ | 5.9% | 4 | — |
| 503 | Kolacimozart03128598 · Budva | <0.1% | 440,990€ | +58.0% | 13,939€ | 3.2% | 8 | 938€ |
| 504 | Lumbrella03017869 · Budva | <0.1% | 439,067€ | +121.5% | -124,533€ | -28.4% | 9 | 969€ |
| 505 | In Style02415062 · Tivat | <0.1% | 437,364€ | -2.8% | -29,726€ | -6.8% | 10 | 1,065€ |
| 506 | Revolucija Plus03244288 · Nikšić | <0.1% | 436,437€ | +19.4% | 32,696€ | 7.5% | 9 | 852€ |
| 507 | Antiquus03415252 · Budva | <0.1% | 436,246€ | +18.4% | 53,996€ | 12.4% | 5 | 1,976€ |
| 508 | Almix03082890 · Budva | <0.1% | 435,899€ | +39.9% | 72,756€ | 16.7% | 1 | 4,635€ |
| 509 | Amn03084027 · Podgorica | <0.1% | 435,599€ | +27.6% | 59,852€ | 13.7% | 9 | 1,122€ |
| 510 | Calabria02961555 · Podgorica | <0.1% | 435,470€ | +29.8% | 24,962€ | 5.7% | 14 | 588€ |
| 511 | Konoba - Stari Grad02918633 · Budva | <0.1% | 435,435€ | -13.2% | -24,129€ | -5.5% | 8 | 1,972€ |
| 512 | Alexandar02820064 · Podgorica | <0.1% | 434,273€ | +19.3% | 45,043€ | 10.4% | 12 | 1,017€ |
| 513 | Aurora DMD03400743 · Herceg Novi | <0.1% | 433,914€ | +41.0% | 27,495€ | 6.3% | 11 | 1,198€ |
| 514 | Rogošić Tours02872005 · Podgorica | <0.1% | 432,654€ | +13.2% | 54,403€ | 12.6% | 2 | 1,833€ |
| 515 | Rivista03702227 · Ulcinj | <0.1% | 432,455€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 47,696€ | 11.0% | 12 | 712€ |
| 516 | Kole Commerce02732009 · Bar | <0.1% | 432,338€ | -3.6% | 1,507€ | 0.3% | 8 | 1,366€ |
| 517 | PG Tourist03493130 · Podgorica | <0.1% | 431,211€ | +140.2% | 27,280€ | 6.3% | 9 | 867€ |
| 518 | M&S Kralj03302911 · Budva | <0.1% | 430,861€ | +17.3% | 22,483€ | 5.2% | 9 | 856€ |
| 519 | Philia02694247 · Podgorica | <0.1% | 429,702€ | +25.6% | 110,361€ | 25.7% | 9 | 1,243€ |
| 520 | Banjalučki Ćevap02860902 · Bar | <0.1% | 429,137€ | +16.5% | 26,871€ | 6.3% | 8 | 780€ |
| 521 | Svetionik02415232 · Budva | <0.1% | 427,557€ | -5.2% | 128,966€ | 30.2% | 2 | 509€ |
| 522 | Viva Coffee02800616 · Cetinje | <0.1% | 425,437€ | +77.5% | 13,573€ | 3.2% | 6 | 616€ |
| 523 | Ekokrstac02645815 · Mojkovac | <0.1% | 425,261€ | -0.9% | 57,194€ | 13.4% | 11 | 741€ |
| 524 | Vučje02770156 · Nikšić | <0.1% | 424,845€ | +105.5% | -50,297€ | -11.8% | 8 | 1,171€ |
| 525 | Mim Dekor Art03311759 · Nikšić | <0.1% | 424,661€ | +30.7% | 11,743€ | 2.8% | 8 | 636€ |
| 526 | Maris03167976 · Ulcinj | <0.1% | 424,525€ | -15.3% | 101,770€ | 24.0% | 3 | 720€ |
| 527 | V&V Time03234746 · Bar | <0.1% | 423,703€ | +24.7% | 33,298€ | 7.9% | 9 | 1,295€ |
| 528 | Blanila02460211 · Budva | <0.1% | 423,408€ | +21.3% | 34,118€ | 8.1% | 8 | 911€ |
| 529 | Road Runner03383164 · Podgorica | <0.1% | 423,228€ | +48.3% | -20,082€ | -4.7% | 14 | 570€ |
| 530 | Atos Plus03021025 · Budva | <0.1% | 421,679€ | +21.4% | 35,058€ | 8.3% | 7 | 1,340€ |
| 531 | Knjaz Home03559688 · Nikšić | <0.1% | 420,584€ | +19.9% | 17,560€ | 4.2% | 10 | 669€ |
| 532 | Peličić Co Mont03537625 · Podgorica | <0.1% | 420,312€ | +89.8% | 56,781€ | 13.5% | 6 | 1,317€ |
| 533 | Đulamerović Group03298540 · Bar | <0.1% | 419,502€ | +1.2% | 6,328€ | 1.5% | 21 | 486€ |
| 534 | Tara Turist02660741 · Mojkovac | <0.1% | 419,061€ | +12.9% | 54,696€ | 13.1% | 14 | 797€ |
| 535 | Manico02789043 · Pljevlja | <0.1% | 418,856€ | +32.8% | -77,156€ | -18.4% | 9 | 704€ |
| 536 | Na Moraču03456200 · Podgorica | <0.1% | 417,225€ | +124.6% | 18,833€ | 4.5% | 4 | 1,223€ |
| 537 | Ombra03504662 · Kotor | <0.1% | 415,977€ | +10.2% | -2,693€ | -0.6% | 10 | 1,055€ |
| 538 | Liburna03230104 · Ulcinj | <0.1% | 415,236€ | +15.3% | 10,873€ | 2.6% | 12 | 649€ |
| 539 | Svetionik Jaz02655918 · Budva | <0.1% | 412,822€ | +9.4% | 860€ | 0.2% | 9 | 1,748€ |
| 540 | M.S.02675145 · Budva | <0.1% | 412,665€ | +33.7% | -17,684€ | -4.3% | 7 | 1,663€ |
| 541 | Blues Brothers02956128 · Nikšić | <0.1% | 412,498€ | +10.7% | 100,391€ | 24.3% | 8 | 748€ |
| 542 | MNVD02995409 · Kotor | <0.1% | 409,323€ | -4.1% | 9,022€ | 2.2% | 11 | 1,037€ |
| 543 | Bobot02888629 · Šavnik | <0.1% | 409,173€ | +41.4% | 84,437€ | 20.6% | 10 | 843€ |
| 544 | Urbing02310694 · Podgorica | <0.1% | 408,956€ | +49.0% | 133,326€ | 32.6% | 3 | 2,546€ |
| 545 | Lead03184242 · Podgorica | <0.1% | 408,805€ | -37.1% | -21,954€ | -5.4% | 13 | 614€ |
| 546 | Sveti Georgije03006948 · Cetinje | <0.1% | 407,822€ | -28.1% | 1,684€ | 0.4% | 7 | 1,489€ |
| 547 | Besac03409210 · Podgorica | <0.1% | 407,425€ | +1.3% | -19,532€ | -4.8% | 10 | 1,483€ |
| 548 | Avantiro02987422 · Kotor | <0.1% | 406,996€ | -1.0% | 20,982€ | 5.2% | 14 | 878€ |
| 549 | Piazza03121992 · Nikšić | <0.1% | 406,940€ | +16.0% | 3,900€ | 1.0% | 11 | 714€ |
| 550 | Idrizović-Co03176924 · Bijelo Polje | <0.1% | 406,507€ | -8.4% | 5,693€ | 1.4% | 16 | 759€ |