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 551–600 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* |
|---|
| 551 | Marlo03390918 · Bar | <0.1% | 405,456€ | +34.5% | 10,944€ | 2.7% | 13 | 688€ |
| 552 | Martina B02872323 · Bar | <0.1% | 404,087€ | +12.3% | 9,316€ | 2.3% | 13 | 926€ |
| 553 | MMMD03447570 · Budva | <0.1% | 403,663€ | -7.9% | 12,227€ | 3.0% | 19 | 1,082€ |
| 554 | Best Food03231399 · Podgorica | <0.1% | 403,464€ | +1.2% | 2,157€ | 0.5% | 11 | 736€ |
| 555 | Havina03473015 · Podgorica | <0.1% | 403,309€ | +26.8% | 10,129€ | 2.5% | 7 | 748€ |
| 556 | Kompanija Delić03293203 · Mojkovac | <0.1% | 402,025€ | +13.2% | 55,549€ | 13.8% | 8 | 1,216€ |
| 557 | Admiral Montenegro02685736 · Budva | <0.1% | 400,370€ | -22.6% | -113,265€ | -28.3% | 8 | 1,201€ |
| 558 | Viktoria Montefood03374831 · Bar | <0.1% | 400,270€ | +70.2% | 5,392€ | 1.3% | 18 | 832€ |
| 559 | Vavax Trade02779706 · Budva | <0.1% | 400,185€ | +12.2% | 45,603€ | 11.4% | 6 | 1,779€ |
| 560 | Cornetto03534758 · Herceg Novi | <0.1% | 400,156€ | +21.7% | 101,572€ | 25.4% | 11 | 633€ |
| 561 | SDS Company02857987 · Tivat | <0.1% | 399,800€ | +17.1% | 13,900€ | 3.5% | 7 | 1,515€ |
| 562 | MB Tourist03652980 · Žabljak | <0.1% | 398,998€ | +152.8% | 11,121€ | 2.8% | 1 | 339€ |
| 563 | DM303361594 · Herceg Novi | <0.1% | 397,792€ | +76.2% | 20,755€ | 5.2% | 16 | 850€ |
| 564 | Luka's02404630 · Budva | <0.1% | 396,968€ | -10.3% | 2,522€ | 0.6% | 9 | 1,082€ |
| 565 | Oblun03317749 · Podgorica | <0.1% | 395,211€ | +2,638.6% | 42,804€ | 10.8% | 12 | 813€ |
| 566 | Real Estate & Co02049490 · Ulcinj | <0.1% | 394,598€ | -24.7% | 39,478€ | 10.0% | 7 | 1,143€ |
| 567 | MD Group Mne03405095 · Podgorica | <0.1% | 393,893€ | -1.8% | 6,821€ | 1.7% | 9 | 1,394€ |
| 568 | Elektrodistribucija Srbije02657546 · Budva | <0.1% | 393,002€ | +12.9% | 38,458€ | 9.8% | 5 | 1,745€ |
| 569 | Opera Jaz03138194 · Budva | <0.1% | 392,210€ | +93.7% | 107,699€ | 27.5% | 4 | 810€ |
| 570 | Asb Estate Management03616380 · Nikšić | <0.1% | 391,326€ | +13.5% | 21,770€ | 5.6% | 9 | 928€ |
| 571 | Bistro R02985594 · Budva | <0.1% | 390,782€ | +8.0% | -42,409€ | -10.9% | 5 | 2,178€ |
| 572 | Lobo Budva03744302 · Budva | <0.1% | 390,758€ | No filing for 2024. | 33,639€ | 8.6% | 3 | 765€ |
| 573 | Imperial02798581 · Bar | <0.1% | 390,587€ | +13.2% | 41,413€ | 10.6% | 4 | 934€ |
| 574 | Wolfmoon03666590 · Herceg Novi | <0.1% | 390,431€ | +169.7% | -10,869€ | -2.8% | 8 | 921€ |
| 575 | Adn Old Town Company03343928 · Budva | <0.1% | 390,420€ | +10.6% | 46,369€ | 11.9% | 10 | 867€ |
| 576 | La Finca03187292 · Podgorica | <0.1% | 389,905€ | +14.0% | 66,351€ | 17.0% | 11 | 777€ |
| 577 | Knežević02076799 · Budva | <0.1% | 388,203€ | +40.7% | 4,611€ | 1.2% | 4 | 986€ |
| 578 | Sofka 1103331555 · Herceg Novi | <0.1% | 388,048€ | +15.4% | -1,318€ | -0.3% | 15 | 651€ |
| 579 | Panem03118401 · Nikšić | <0.1% | 387,943€ | +13.0% | 2,892€ | 0.7% | 15 | 1,023€ |
| 580 | Mišeluk03560449 · Herceg Novi | <0.1% | 387,444€ | +35.7% | 71,942€ | 18.6% | 9 | 931€ |
| 581 | Durmitor-Mne03180727 · Bijelo Polje | <0.1% | 386,198€ | +2.0% | 7,385€ | 1.9% | 9 | 986€ |
| 582 | Trustgroup02673835 · Budva | <0.1% | 383,427€ | -12.6% | 29,034€ | 7.6% | 4 | 1,067€ |
| 583 | Francesković02073510 · Tivat | <0.1% | 383,283€ | +1.7% | -4,452€ | -1.2% | 9 | 726€ |
| 584 | Hasanaga Company02814757 · Ulcinj | <0.1% | 382,920€ | +7.1% | 11,307€ | 3.0% | 12 | 653€ |
| 585 | Thill03323005 · Bar | <0.1% | 382,632€ | +22.9% | 117,424€ | 30.7% | 7 | 1,871€ |
| 586 | Peak03737926 · Budva | <0.1% | 381,434€ | No filing for 2024. | 9,769€ | 2.6% | 6 | 2,169€ |
| 587 | MSK-Group03602125 · Nikšić | <0.1% | 381,252€ | +22.8% | 17,973€ | 4.7% | 12 | 1,100€ |
| 588 | Buena03406407 · Ulcinj | <0.1% | 381,187€ | +11.2% | 3,069€ | 0.8% | 5 | 1,000€ |
| 589 | Marinero Trade02665492 · Tivat | <0.1% | 379,486€ | -7.6% | -23,814€ | -6.3% | 14 | 810€ |
| 590 | Popov03414400 · Podgorica | <0.1% | 379,236€ | +4.7% | 71,182€ | 18.8% | 10 | 1,017€ |
| 591 | T.F. Group03032264 · Budva | <0.1% | 379,089€ | +2.8% | 31,798€ | 8.4% | 9 | 1,014€ |
| 592 | Boka Gardens03090337 · Kotor | <0.1% | 378,395€ | -7.5% | 48,879€ | 12.9% | 2 | 8,091€ |
| 593 | Mogren Company03044823 · Budva | <0.1% | 376,582€ | +33.1% | 66,556€ | 17.7% | 4 | 1,176€ |
| 594 | Riči02767473 · Herceg Novi | <0.1% | 375,900€ | +4.3% | -39,701€ | -10.6% | 12 | 998€ |
| 595 | Velika Plaža02018357 · Ulcinj | <0.1% | 375,271€ | -4.9% | 8,097€ | 2.2% | 6 | 1,564€ |
| 596 | Laurisima03227898 · Podgorica | <0.1% | 375,069€ | -0.2% | 48,205€ | 12.9% | 5 | 1,882€ |
| 597 | Harblue03381196 · Budva | <0.1% | 374,722€ | -15.4% | 30,004€ | 8.0% | 10 | 527€ |
| 598 | Hoteli Hoti03130576 · Ulcinj | <0.1% | 373,131€ | +56.6% | 61,225€ | 16.4% | 9 | 474€ |
| 599 | Company L.I.J. Bushati02929651 · Ulcinj | <0.1% | 372,231€ | +7.9% | 23,463€ | 6.3% | 3 | 838€ |
| 600 | Toni Gril02428237 · Ulcinj | <0.1% | 371,807€ | +4.8% | 17,689€ | 4.8% | 9 | 785€ |