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 751–800 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* |
|---|
| 751 | Monte Twins03636186 · Budva | <0.1% | 290,425€ | +601.3% | -53,018€ | -18.3% | 10 | 858€ |
| 752 | Sweet BO&MI03259072 · Herceg Novi | <0.1% | 290,076€ | +11.7% | 3,699€ | 1.3% | 10 | 735€ |
| 753 | As Saranda02896214 · Ulcinj | <0.1% | 289,738€ | +4.2% | 39,219€ | 13.5% | 8 | 577€ |
| 754 | La Dolce Vita Hospitality Group03527778 · Kotor | <0.1% | 289,588€ | -3.6% | 42,615€ | 14.7% | 6 | 980€ |
| 755 | Monaco Co02708710 · Budva | <0.1% | 289,583€ | +5.4% | 12,496€ | 4.3% | 6 | 767€ |
| 756 | Inter-Mar02896427 · Podgorica | <0.1% | 288,866€ | +17.5% | 12,371€ | 4.3% | 5 | 788€ |
| 757 | Final Touch03433595 · Podgorica | <0.1% | 288,529€ | -36.7% | -12,100€ | -4.2% | 12 | 566€ |
| 758 | Respect-S Mne03408558 · Budva | <0.1% | 288,413€ | +99.4% | 31,028€ | 10.8% | 11 | 655€ |
| 759 | Goga Steak03606066 · Ulcinj | <0.1% | 288,393€ | +30.4% | 57,497€ | 19.9% | 6 | 691€ |
| 760 | NN Relax02756951 · Budva | <0.1% | 288,132€ | +4.4% | 87,577€ | 30.4% | 8 | 783€ |
| 761 | Triumphe02647940 · Tivat | <0.1% | 287,714€ | +11.8% | 31,067€ | 10.8% | 9 | 949€ |
| 762 | Cicmil02953129 · Plužine | <0.1% | 286,987€ | -3.7% | 59,697€ | 20.8% | 6 | 702€ |
| 763 | Bellezza Resort03406121 · Herceg Novi | <0.1% | 286,927€ | +0.2% | 21,843€ | 7.6% | 8 | 559€ |
| 764 | Pontos03392279 · Budva | <0.1% | 286,902€ | +7.5% | 39,559€ | 13.8% | 5 | 1,074€ |
| 765 | Mijušković Company02330253 · Nikšić | <0.1% | 286,307€ | +2.2% | 24,449€ | 8.5% | 8 | 705€ |
| 766 | Azimut Lux03073041 · Budva | <0.1% | 285,660€ | -11.0% | 23,878€ | 8.4% | 3 | 2,070€ |
| 767 | L Group03031063 · Bar | <0.1% | 285,002€ | -2.9% | 10,907€ | 3.8% | 5 | 1,142€ |
| 768 | Najs02654539 · Bar | <0.1% | 285,001€ | +236.2% | 1,665€ | 0.6% | 4 | 1,233€ |
| 769 | Aprom03023206 · Rožaje | <0.1% | 284,988€ | +43.6% | 6,501€ | 2.3% | 11 | 885€ |
| 770 | Indigo CO.03001733 · Podgorica | <0.1% | 284,862€ | +41.2% | 22,271€ | 7.8% | 6 | 1,165€ |
| 771 | Noa It03603326 · Podgorica | <0.1% | 284,677€ | +16.5% | 15,326€ | 5.4% | 6 | 923€ |
| 772 | GJC Montenegro03551407 · Podgorica | <0.1% | 284,137€ | +34.3% | -41,278€ | -14.5% | 10 | 838€ |
| 773 | Misherri03245764 · Ulcinj | <0.1% | 283,947€ | +1.1% | -20,539€ | -7.2% | 7 | 845€ |
| 774 | Muranka03349586 · Budva | <0.1% | 282,203€ | +457.9% | 39,214€ | 13.9% | 7 | 674€ |
| 775 | Leod03261514 · Ulcinj | <0.1% | 281,525€ | +6.9% | 75,750€ | 26.9% | 30 | — |
| 776 | Pribilović RST03475581 · Budva | <0.1% | 281,068€ | +7.5% | -4,233€ | -1.5% | 10 | 746€ |
| 777 | Friend4event03317919 · Tivat | <0.1% | 281,067€ | +28.5% | 28,756€ | 10.2% | 3 | 1,468€ |
| 778 | Petrami02972689 · Budva | <0.1% | 280,136€ | +15.7% | 475€ | 0.2% | 7 | 926€ |
| 779 | Admiral02075440 · Herceg Novi | <0.1% | 279,531€ | +5.1% | 2,153€ | 0.8% | 12 | 914€ |
| 780 | Koliba 1203764117 · Nikšić | <0.1% | 279,276€ | No filing for 2024. | 36,156€ | 12.9% | 13 | 499€ |
| 781 | SKY RS03404684 · Budva | <0.1% | 278,379€ | -1.3% | 20,739€ | 7.4% | 12 | 664€ |
| 782 | Rejna03091732 · Ulcinj | <0.1% | 278,131€ | +10.1% | 2,477€ | 0.9% | 8 | 844€ |
| 783 | Elmurst03356868 · Nikšić | <0.1% | 278,044€ | +62.7% | 24,096€ | 8.7% | 6 | 739€ |
| 784 | Mondo Ivović02768399 · Herceg Novi | <0.1% | 277,940€ | -0.5% | 25,953€ | 9.3% | 3 | 1,619€ |
| 785 | Qwerty Investment02819023 · Kotor | <0.1% | 277,474€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -118,989€ | -42.9% | 4 | 654€ |
| 786 | Le Duchesse M02437163 · Budva | <0.1% | 277,236€ | -21.7% | 60,235€ | 21.7% | 2 | 1,093€ |
| 787 | Lirex02987970 · Bar | <0.1% | 277,159€ | -0.9% | 116€ | 0.0% | 10 | 898€ |
| 788 | Bojović Company02923670 · Žabljak | <0.1% | 276,517€ | +25.6% | 40,397€ | 14.6% | 7 | 656€ |
| 789 | Eho03720365 · Kotor | <0.1% | 276,111€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -99,064€ | -35.9% | 9 | 1,429€ |
| 790 | Lutovac Limited03071529 · Berane | <0.1% | 275,988€ | +58.7% | 73,191€ | 26.5% | 4 | 1,133€ |
| 791 | Dedivanaj03173534 · Tuzi | <0.1% | 275,967€ | +43.9% | 10,351€ | 3.8% | 7 | 874€ |
| 792 | Anamont02645602 · Kotor | <0.1% | 275,751€ | -22.8% | 9,027€ | 3.3% | 6 | 1,434€ |
| 793 | R-D Company CT03106578 · Cetinje | <0.1% | 274,951€ | +1.1% | -27,677€ | -10.1% | 8 | 642€ |
| 794 | Max & Alex02907062 · Kotor | <0.1% | 274,444€ | -21.6% | -7,044€ | -2.6% | 7 | 1,702€ |
| 795 | Giljača02220172 · Tivat | <0.1% | 274,164€ | +7.2% | 21,809€ | 8.0% | 7 | 661€ |
| 796 | Del Sol03358445 · Kotor | <0.1% | 274,103€ | +44.6% | 42,777€ | 15.6% | 3 | 2,129€ |
| 797 | PTM Club03241602 · Bar | <0.1% | 273,577€ | -3.6% | 9,799€ | 3.6% | 6 | 795€ |
| 798 | Liudmila i Maria Montenegro03325814 · Budva | <0.1% | 273,198€ | -10.5% | 38,292€ | 14.0% | 3 | 751€ |
| 799 | Domestic03281329 · Podgorica | <0.1% | 271,801€ | +23.7% | 17,459€ | 6.4% | 8 | 874€ |
| 800 | Punta Mala03519929 · Budva | <0.1% | 271,711€ | -15.4% | -12,935€ | -4.8% | 7 | 874€ |