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 701–750 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* |
|---|
| 701 | Met303512797 · Ulcinj | <0.1% | 315,470€ | +15.0% | 24,714€ | 7.8% | 11 | 831€ |
| 702 | Div Company03073831 · Podgorica | <0.1% | 315,328€ | +1.2% | 632€ | 0.2% | 4 | 815€ |
| 703 | Macchiato Co03001326 · Podgorica | <0.1% | 314,837€ | +54.7% | 44,343€ | 14.1% | 6 | 645€ |
| 704 | Rakovac Komerc02208784 · Budva | <0.1% | 314,276€ | -17.4% | 1,780€ | 0.6% | 9 | 1,107€ |
| 705 | Hostelerija02945398 · Bar | <0.1% | 313,981€ | +22.3% | 16,012€ | 5.1% | 5 | 1,021€ |
| 706 | Avanti 302929643 · Bar | <0.1% | 312,773€ | -18.9% | 24,393€ | 7.8% | 6 | 981€ |
| 707 | Fimax03339670 · Podgorica | <0.1% | 312,035€ | +44.1% | 5,477€ | 1.8% | 9 | 883€ |
| 708 | Lješevići03011607 · Kotor | <0.1% | 310,401€ | +56.2% | 49,663€ | 16.0% | 3 | 1,011€ |
| 709 | Montenegro Luxury Hotels and Resorts03307166 · Kotor | <0.1% | 308,930€ | +984.4% | 127,847€ | 41.4% | 10 | — |
| 710 | Dolce Bacio03293220 · Bar | <0.1% | 307,354€ | +25.0% | 24,168€ | 7.9% | 11 | 841€ |
| 711 | Athos Real Estate03316971 · Podgorica | <0.1% | 306,828€ | -58.5% | 95,177€ | 31.0% | 8 | 510€ |
| 712 | Staxe03202682 · Berane | <0.1% | 305,856€ | +22.6% | 6,217€ | 2.0% | 11 | 753€ |
| 713 | Adriatica A&V03355675 · Budva | <0.1% | 305,852€ | -27.2% | 12,433€ | 4.1% | 4 | 1,896€ |
| 714 | Kodva03524027 · Kotor | <0.1% | 305,042€ | +2,072.5% | 40,224€ | 13.2% | 3 | 819€ |
| 715 | In Property03538923 · Budva | <0.1% | 304,902€ | +38.0% | 49,917€ | 16.4% | 4 | 763€ |
| 716 | O.S.I.02431661 · Berane | <0.1% | 303,419€ | +25.8% | -15,437€ | -5.1% | 10 | 1,129€ |
| 717 | Kalos Apartments03152197 · Budva | <0.1% | 303,338€ | -2.8% | 5,979€ | 2.0% | 5 | 747€ |
| 718 | Gregos03642674 · Budva | <0.1% | 303,214€ | +6,351.4% | 71,195€ | 23.5% | 4 | 1,540€ |
| 719 | Green Atlantic03035646 · Budva | <0.1% | 303,125€ | +21.6% | 7,113€ | 2.3% | 4 | 2,293€ |
| 720 | Paris Mne03575292 · Tuzi | <0.1% | 302,568€ | -16.0% | 4,455€ | 1.5% | 10 | 609€ |
| 721 | Pama Montenegro03750078 · Kotor | <0.1% | 302,402€ | No filing for 2024. | 39,976€ | 13.2% | 4 | 833€ |
| 722 | Gaby02751828 · Podgorica | <0.1% | 301,090€ | -4.2% | 991€ | 0.3% | 11 | 694€ |
| 723 | Morea A&M03071006 · Ulcinj | <0.1% | 300,505€ | +4.0% | 112,055€ | 37.3% | 2 | 309€ |
| 724 | Davids03363856 · Budva | <0.1% | 300,401€ | +163.8% | 39,111€ | 13.0% | 5 | 1,127€ |
| 725 | Sunline Sea03751066 · Budva | <0.1% | 300,201€ | No filing for 2024. | 100,164€ | 33.4% | 7 | 388€ |
| 726 | BR Tuttobene03735940 · Bar | <0.1% | 299,467€ | No filing for 2024. | 6,909€ | 2.3% | 6 | 1,208€ |
| 727 | Food V.03671429 · Podgorica | <0.1% | 298,878€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -105,910€ | -35.4% | 13 | 555€ |
| 728 | Bureau Rad03294595 · Podgorica | <0.1% | 298,679€ | -10.7% | -202,492€ | -67.8% | 20 | 1,017€ |
| 729 | Bulatović PL03483436 · Podgorica | <0.1% | 297,555€ | -11.2% | 46,605€ | 15.7% | 9 | 733€ |
| 730 | Filpet03152456 · Podgorica | <0.1% | 297,285€ | +14.8% | 2,921€ | 1.0% | 9 | 564€ |
| 731 | Terzić Company03172279 · Zeta | <0.1% | 296,739€ | +51.8% | 11,781€ | 4.0% | 6 | 814€ |
| 732 | Bubiša03361055 · Herceg Novi | <0.1% | 296,313€ | -8.4% | -26,099€ | -8.8% | 16 | 466€ |
| 733 | Istra Group02986221 · Bar | <0.1% | 296,070€ | +215.8% | 19,192€ | 6.5% | 2 | 1,503€ |
| 734 | Patriot Montenegro03523870 · Podgorica | <0.1% | 295,858€ | +201.0% | 98,996€ | 33.5% | 4 | 1,162€ |
| 735 | Kruna02134055 · Bijelo Polje | <0.1% | 295,046€ | +5.6% | 21,153€ | 7.2% | 13 | 767€ |
| 736 | Mon Bistro Cafeterie03365611 · Kotor | <0.1% | 294,568€ | +22.7% | 18,814€ | 6.4% | 9 | 1,044€ |
| 737 | Trio Grup03701182 · Podgorica | <0.1% | 294,478€ | +1,019.0% | -30,551€ | -10.4% | 10 | 918€ |
| 738 | Sea Wave02753928 · Bar | <0.1% | 294,140€ | +4.1% | 17,753€ | 6.0% | 10 | 761€ |
| 739 | BMR Company02400936 · Cetinje | <0.1% | 294,015€ | +40.5% | 3,959€ | 1.3% | 5 | 706€ |
| 740 | Džada02985969 · Podgorica | <0.1% | 293,753€ | +2.4% | 18,809€ | 6.4% | 7 | 1,493€ |
| 741 | AN&CO Company03305309 · Herceg Novi | <0.1% | 293,061€ | +117.4% | 14,921€ | 5.1% | 2 | 740€ |
| 742 | Elis Soft03481417 · Podgorica | <0.1% | 291,744€ | +222.8% | 26,324€ | 9.0% | 3 | 671€ |
| 743 | Propaganda03041174 · Nikšić | <0.1% | 291,627€ | +7.4% | -17,481€ | -6.0% | 9 | 701€ |
| 744 | Kusta02694557 · Budva | <0.1% | 291,315€ | -12.0% | -25,825€ | -8.9% | 10 | 738€ |
| 745 | Novia02858983 · Podgorica | <0.1% | 291,282€ | -34.4% | 6,641€ | 2.3% | 3 | 1,169€ |
| 746 | Mesa Verde R&S03653773 · Podgorica | <0.1% | 291,210€ | +151.6% | 6,886€ | 2.4% | 7 | 776€ |
| 747 | Balun02468255 · Budva | <0.1% | 291,190€ | +1.2% | 1,098€ | 0.4% | 5 | 2,156€ |
| 748 | M&M-No2803047121 · Nikšić | <0.1% | 290,770€ | +14.2% | 17,502€ | 6.0% | 5 | 1,189€ |
| 749 | Roštilj Beli03032124 · Podgorica | <0.1% | 290,580€ | -0.2% | 9,754€ | 3.4% | 7 | 754€ |
| 750 | Belvedere Residence03121062 · Budva | <0.1% | 290,432€ | +1.3% | 58,265€ | 20.1% | 3 | 1,772€ |