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 801–850 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* |
|---|
| 801 | Big Mama03302806 · Budva | <0.1% | 271,302€ | -15.7% | 20,336€ | 7.5% | 11 | 757€ |
| 802 | Val Com02884976 · Podgorica | <0.1% | 270,627€ | +11.0% | 58,922€ | 21.8% | 7 | 872€ |
| 803 | Mirna Luka02461803 · Tivat | <0.1% | 269,998€ | -19.5% | 28,938€ | 10.7% | 7 | 842€ |
| 804 | Pronto A.A.A.03743349 · Kotor | <0.1% | 269,253€ | No filing for 2024. | 11,871€ | 4.4% | 10 | 457€ |
| 805 | W & Grand02466376 · Budva | <0.1% | 269,180€ | -2.1% | 19,545€ | 7.3% | 7 | 1,462€ |
| 806 | Harmonia&Co03083446 · Ulcinj | <0.1% | 267,967€ | +16.9% | 4,622€ | 1.7% | 3 | 1,213€ |
| 807 | Josephine03617378 · Podgorica | <0.1% | 267,953€ | +65.9% | 14,934€ | 5.6% | 6 | 1,455€ |
| 808 | Nonna Gigi HK03553515 · Podgorica | <0.1% | 267,754€ | +24.3% | 8,563€ | 3.2% | 6 | 1,569€ |
| 809 | Montenegrino02072785 · Tivat | <0.1% | 267,455€ | +11.7% | 5,819€ | 2.2% | 10 | 983€ |
| 810 | Alpha Gamma Group03327396 · Podgorica | <0.1% | 267,283€ | +8.8% | 71,650€ | 26.8% | 4 | 997€ |
| 811 | Lo - Az03235866 · Ulcinj | <0.1% | 267,108€ | +108,040.9% | 31,546€ | 11.8% | 4 | 1,005€ |
| 812 | Mate Company03532399 · Podgorica | <0.1% | 266,971€ | +49.1% | 47,600€ | 17.8% | 4 | 597€ |
| 813 | Tafi02429632 · Ulcinj | <0.1% | 266,848€ | +12.2% | 33,609€ | 12.6% | 5 | 631€ |
| 814 | Nova Varoš02670704 · Cetinje | <0.1% | 266,089€ | +2.5% | -11,367€ | -4.3% | 10 | 729€ |
| 815 | Vila Bojana Adriatic03728536 · Budva | <0.1% | 264,900€ | No filing for 2024. | 39,806€ | 15.0% | 4 | 538€ |
| 816 | CG-Marković02996103 · Podgorica | <0.1% | 264,403€ | +16.6% | 5,505€ | 2.1% | 4 | 1,453€ |
| 817 | Bjelasica. Com03122697 · Bijelo Polje | <0.1% | 264,233€ | -0.2% | 4,778€ | 1.8% | 5 | 1,659€ |
| 818 | Pelikan02370239 · Bar | <0.1% | 263,395€ | -7.8% | 11,854€ | 4.5% | 11 | 792€ |
| 819 | City J&J02976412 · Bijelo Polje | <0.1% | 262,580€ | +33.5% | 4,861€ | 1.9% | 10 | 892€ |
| 820 | Usluga Plus03418111 · Kotor | <0.1% | 262,322€ | -38.3% | -99,100€ | -37.8% | 1 | 1,321€ |
| 821 | Castellotrio03765873 · Ulcinj | <0.1% | 262,264€ | No filing for 2024. | 59,228€ | 22.6% | 0 | — |
| 822 | Mitrović Co02083426 · Budva | <0.1% | 261,482€ | -34.8% | -21,638€ | -8.3% | 8 | 859€ |
| 823 | Odžaklija02635208 · Podgorica | <0.1% | 261,347€ | +25.0% | 19,548€ | 7.5% | 7 | 1,197€ |
| 824 | Papillon02779854 · Ulcinj | <0.1% | 261,218€ | +31.5% | -3,666€ | -1.4% | 8 | 743€ |
| 825 | Vikriant02913658 · Tuzi | <0.1% | 260,938€ | -1.0% | -4,265€ | -1.6% | 14 | 630€ |
| 826 | Bakina Kuhinja03175588 · Tivat | <0.1% | 260,719€ | -7.5% | -34,547€ | -13.3% | 6 | 866€ |
| 827 | The Meating03351491 · Podgorica | <0.1% | 259,134€ | -17.5% | 9,993€ | 3.9% | 5 | 985€ |
| 828 | Aleks & Stef03079830 · Nikšić | <0.1% | 258,719€ | +14.2% | 7,743€ | 3.0% | 10 | 882€ |
| 829 | Kofein03295966 · Nikšić | <0.1% | 258,604€ | +1.6% | 13,231€ | 5.1% | 0 | — |
| 830 | Msi & Co03166236 · Rožaje | <0.1% | 258,278€ | +8.4% | 4,639€ | 1.8% | 8 | 500€ |
| 831 | Porto Adriatic03039480 · Herceg Novi | <0.1% | 258,228€ | +9.8% | 7,759€ | 3.0% | 5 | 1,073€ |
| 832 | Peja02301075 · Mojkovac | <0.1% | 256,196€ | -4.7% | 5,566€ | 2.2% | 8 | 890€ |
| 833 | Mezzaluna02427389 · Herceg Novi | <0.1% | 255,408€ | -11.8% | 6,482€ | 2.5% | 3 | 2,128€ |
| 834 | Lucom03065332 · Nikšić | <0.1% | 255,143€ | -13.9% | 12,844€ | 5.0% | 3 | 1,318€ |
| 835 | Monteram03475344 · Herceg Novi | <0.1% | 255,063€ | +28.1% | 7,805€ | 3.1% | 8 | 855€ |
| 836 | Sole Adriatic03168476 · Budva | <0.1% | 254,400€ | +37.3% | 3,183€ | 1.3% | 6 | 1,402€ |
| 837 | Napolitana03634744 · Podgorica | <0.1% | 253,976€ | +42.6% | -44,589€ | -17.6% | 6 | 1,043€ |
| 838 | Saturnus02301814 · Herceg Novi | <0.1% | 253,866€ | -12.0% | -29,445€ | -11.6% | 11 | 618€ |
| 839 | Krsto02413329 · Herceg Novi | <0.1% | 253,770€ | +17.5% | 11,090€ | 4.4% | 7 | 979€ |
| 840 | Four Views Properties03403866 · Budva | <0.1% | 253,224€ | -15.4% | 19,987€ | 7.9% | 3 | 2,083€ |
| 841 | Almare02219166 · Bar | <0.1% | 252,989€ | -6.0% | 4,692€ | 1.9% | 6 | 776€ |
| 842 | HD Gastroli03211967 · Bijelo Polje | <0.1% | 252,900€ | -0.8% | 4,592€ | 1.8% | 10 | 762€ |
| 843 | Jela Natural Resort03249743 · Rožaje | <0.1% | 252,791€ | -11.9% | 3,278€ | 1.3% | 13 | 687€ |
| 844 | Anderba B&V02732297 · Herceg Novi | <0.1% | 252,731€ | +22.3% | 27,359€ | 10.8% | 5 | 1,121€ |
| 845 | Rasta02431351 · Budva | <0.1% | 252,240€ | -2.9% | 28,897€ | 11.5% | 3 | 617€ |
| 846 | Colosseum 2503338452 · Pljevlja | <0.1% | 251,981€ | +24.0% | 1,797€ | 0.7% | 7 | 954€ |
| 847 | Pavlović Am02997967 · Žabljak | <0.1% | 251,054€ | -0.2% | 8,139€ | 3.2% | 7 | 707€ |
| 848 | Allegra02353784 · Tivat | <0.1% | 251,002€ | -15.9% | 14,099€ | 5.6% | 7 | 1,172€ |
| 849 | Vrgola03187756 · Herceg Novi | <0.1% | 250,645€ | +37.4% | -7,187€ | -2.9% | 10 | 1,198€ |
| 850 | Msi Invest02462800 · Podgorica | <0.1% | 249,742€ | -7.2% | 3,155€ | 1.3% | 5 | 915€ |