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 651–700 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* |
|---|
| 651 | Voptik03410048 · Nikšić | <0.1% | 341,953€ | +77.2% | 19,414€ | 5.7% | 9 | 1,270€ |
| 652 | Torpedo MD03427781 · Budva | <0.1% | 341,580€ | +19.4% | 48,959€ | 14.3% | 10 | 520€ |
| 653 | RM-Com03108171 · Danilovgrad | <0.1% | 341,153€ | +25.1% | 6,888€ | 2.0% | 8 | 597€ |
| 654 | SG Harmony03170357 · Bar | <0.1% | 341,076€ | +8.9% | 1,405€ | 0.4% | 9 | 702€ |
| 655 | Šebelj02370204 · Budva | <0.1% | 340,758€ | -30.6% | -32,785€ | -9.6% | 10 | 1,024€ |
| 656 | Miroslav03678504 · Žabljak | <0.1% | 340,379€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 69,300€ | 20.4% | 8 | 613€ |
| 657 | Busani02685256 · Ulcinj | <0.1% | 340,147€ | -22.7% | 82,928€ | 24.4% | 6 | 685€ |
| 658 | Lara - S Co02865548 · Bar | <0.1% | 340,087€ | -16.4% | 57,097€ | 16.8% | 7 | 694€ |
| 659 | Terminus Tours03134709 · Podgorica | <0.1% | 339,481€ | +1.8% | 14,818€ | 4.4% | 8 | 1,017€ |
| 660 | Bugrugasik02643464 · Bar | <0.1% | 338,487€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 240,335€ | 71.0% | 2 | 869€ |
| 661 | V i B02047217 · Herceg Novi | <0.1% | 338,042€ | +42.0% | 17,555€ | 5.2% | 8 | 951€ |
| 662 | Cetinje - Belveder02379783 · Cetinje | <0.1% | 337,866€ | -17.4% | 135,434€ | 40.1% | 7 | 788€ |
| 663 | Bulut DM & Co02332035 · Herceg Novi | <0.1% | 337,813€ | +2.8% | 13,423€ | 4.0% | 9 | 900€ |
| 664 | Medisport02399636 · Podgorica | <0.1% | 337,346€ | -9.8% | 51,531€ | 15.3% | 4 | 853€ |
| 665 | Ruzmarin Belani 2503724778 · Tivat | <0.1% | 336,761€ | No filing for 2024. | 5,048€ | 1.5% | 8 | 1,254€ |
| 666 | KLM Group03291782 · Podgorica | <0.1% | 336,628€ | -4.3% | 15,795€ | 4.7% | 8 | 994€ |
| 667 | No 6503538303 · Kotor | <0.1% | 333,263€ | +6.4% | 80,469€ | 24.1% | 6 | 854€ |
| 668 | Panorama Company03526186 · Cetinje | <0.1% | 332,725€ | +112.5% | 742€ | 0.2% | 10 | 708€ |
| 669 | Coffee Nova03493261 · Herceg Novi | <0.1% | 332,110€ | +49.1% | -869€ | -0.3% | 13 | 1,056€ |
| 670 | Jambiani03314189 · Podgorica | <0.1% | 331,934€ | +134.6% | 21,832€ | 6.6% | 4 | 933€ |
| 671 | Star Technology Company03389952 · Podgorica | <0.1% | 331,591€ | +29.8% | 48,912€ | 14.8% | 4 | 862€ |
| 672 | Pamfilya03702332 · Podgorica | <0.1% | 329,305€ | No filing for 2024. | 23,578€ | 7.2% | 0 | — |
| 673 | Allure Company03498646 · Budva | <0.1% | 328,638€ | +17.8% | 36,443€ | 11.1% | 3 | 664€ |
| 674 | W-Prom02807742 · Berane | <0.1% | 328,476€ | +11.4% | 28,107€ | 8.6% | 9 | 691€ |
| 675 | Vlahović-Sklonište02082551 · Podgorica | <0.1% | 327,737€ | +50.5% | 2,626€ | 0.8% | 2 | 967€ |
| 676 | Nota02071878 · Herceg Novi | <0.1% | 327,264€ | -5.6% | -22,231€ | -6.8% | 8 | 1,539€ |
| 677 | Velting02108402 · Nikšić | <0.1% | 326,935€ | -49.2% | 3,959€ | 1.2% | 19 | 509€ |
| 678 | Tutin Co03271595 · Kotor | <0.1% | 326,246€ | +24.8% | -58,974€ | -18.1% | 10 | 859€ |
| 679 | Progresso02665557 · Herceg Novi | <0.1% | 326,025€ | +5.6% | -20,955€ | -6.4% | 9 | 769€ |
| 680 | Agro-Mils03061892 · Nikšić | <0.1% | 325,753€ | +37.4% | 31,061€ | 9.5% | 9 | 887€ |
| 681 | Lejla02433583 · Bar | <0.1% | 325,738€ | -0.7% | -6,628€ | -2.0% | 10 | 598€ |
| 682 | Menjo Goj Goj03234720 · Herceg Novi | <0.1% | 325,465€ | +20.2% | -15,639€ | -4.8% | 12 | 909€ |
| 683 | Kastel Igalo03402762 · Herceg Novi | <0.1% | 325,015€ | +8.4% | 25,869€ | 8.0% | 5 | 2,366€ |
| 684 | Dobre Vode02462109 · Kolašin | <0.1% | 324,609€ | +12.8% | -45,087€ | -13.9% | 9 | 943€ |
| 685 | Mountain Tours02783541 · Kolašin | <0.1% | 323,949€ | -6.2% | 20,977€ | 6.5% | 7 | 1,361€ |
| 686 | Stejsi03028496 · Podgorica | <0.1% | 323,874€ | +9.0% | 7,273€ | 2.2% | 11 | 921€ |
| 687 | Adriatica Brothers02410419 · Ulcinj | <0.1% | 323,530€ | -34.5% | 49,314€ | 15.2% | 3 | 1,911€ |
| 688 | Kužina03075753 · Bar | <0.1% | 323,386€ | +16.1% | 4,206€ | 1.3% | 15 | 708€ |
| 689 | Pasta Villa03312275 · Podgorica | <0.1% | 323,159€ | +33.0% | -37,454€ | -11.6% | 6 | 1,024€ |
| 690 | Il Lupo03122913 · Kotor | <0.1% | 323,130€ | -11.1% | 19,674€ | 6.1% | 7 | 1,158€ |
| 691 | Dukić02897652 · Kolašin | <0.1% | 322,563€ | +1.8% | 39,272€ | 12.2% | 9 | 567€ |
| 692 | PAY&BAY03485030 · Budva | <0.1% | 321,066€ | -23.9% | -32,522€ | -10.1% | 13 | 806€ |
| 693 | LLC Reca03531163 · Budva | <0.1% | 320,296€ | +23.5% | -35,037€ | -10.9% | 6 | 2,042€ |
| 694 | Urban Foody03452379 · Podgorica | <0.1% | 320,285€ | +4.5% | 5,643€ | 1.8% | 15 | 613€ |
| 695 | Niš02747618 · Bar | <0.1% | 320,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 271,134€ | 84.7% | 1 | 2,993€ |
| 696 | Casa Mia 203250679 · Budva | <0.1% | 317,326€ | +24.3% | 2,711€ | 0.9% | 5 | 1,402€ |
| 697 | Lauera03159353 · Kotor | <0.1% | 317,271€ | -13.7% | -128,173€ | -40.4% | 8 | 1,288€ |
| 698 | Miličica-Milica Mica03711943 · Kotor | <0.1% | 316,193€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,028€ | 2.5% | 6 | 513€ |
| 699 | Istok Lapčići03542785 · Budva | <0.1% | 315,864€ | -7.2% | -115,419€ | -36.5% | 12 | 882€ |
| 700 | Prochef03410897 · Tivat | <0.1% | 315,647€ | +49.0% | 3,038€ | 1.0% | 3 | 2,630€ |