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 851–900 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* |
|---|
| 851 | Dobrota Company Mne03538265 · Kotor | <0.1% | 248,848€ | +15.3% | 6,681€ | 2.7% | 7 | 612€ |
| 852 | M 2203488888 · Herceg Novi | <0.1% | 248,260€ | +9.0% | 681€ | 0.3% | 10 | 897€ |
| 853 | Šehaj Company02802775 · Podgorica | <0.1% | 247,856€ | +14.9% | 7,654€ | 3.1% | 7 | 813€ |
| 854 | Nikoss Perišić02698803 · Herceg Novi | <0.1% | 247,817€ | +13.0% | 34,883€ | 14.1% | 5 | 822€ |
| 855 | Dva Domaćina03530337 · Podgorica | <0.1% | 247,532€ | +21.5% | 13,232€ | 5.3% | 4 | 673€ |
| 856 | Evropa Beach02459515 · Ulcinj | <0.1% | 245,387€ | +13.0% | -21,779€ | -8.9% | 5 | 795€ |
| 857 | Nasdve03118398 · Kotor | <0.1% | 244,181€ | -33.8% | -130,226€ | -53.3% | 5 | 1,527€ |
| 858 | Vanessa Turist02111853 · Budva | <0.1% | 243,456€ | -6.8% | 25,525€ | 10.5% | 5 | 1,249€ |
| 859 | Matoni03636429 · Bar | <0.1% | 243,451€ | +9.3% | 45,690€ | 18.8% | 3 | 1,410€ |
| 860 | Insomnia Group02777851 · Bar | <0.1% | 243,410€ | -0.7% | 9,651€ | 4.0% | 6 | 603€ |
| 861 | Helios Promet02054132 · Budva | <0.1% | 242,381€ | +10.7% | 38,445€ | 15.9% | 2 | 563€ |
| 862 | Pic-Nic02920620 · Herceg Novi | <0.1% | 241,891€ | -3.8% | -15,223€ | -6.3% | 15 | 683€ |
| 863 | Mives Group03284913 · Budva | <0.1% | 241,510€ | +0.4% | 150,378€ | 62.3% | 2 | 897€ |
| 864 | Smart Choice03658171 · Budva | <0.1% | 240,973€ | +112.0% | 116,167€ | 48.2% | 5 | 534€ |
| 865 | Antika & Guest House03632571 · Kotor | <0.1% | 240,964€ | +10.8% | 12,145€ | 5.0% | 6 | 1,173€ |
| 866 | Az Trade03340287 · Bar | <0.1% | 240,495€ | +47.9% | 39,520€ | 16.4% | 3 | 2,069€ |
| 867 | V.S. Systems02332230 · Bar | <0.1% | 240,412€ | +32.6% | 19,454€ | 8.1% | 6 | 1,293€ |
| 868 | 12. Jul02714108 · Bar | <0.1% | 240,102€ | +34.5% | 17,351€ | 7.2% | 6 | 697€ |
| 869 | Yachteagle02925877 · Podgorica | <0.1% | 240,057€ | -22.4% | -16,063€ | -6.7% | 5 | 480€ |
| 870 | Pasaž Montenegro03123600 · Nikšić | <0.1% | 239,833€ | +27.4% | 18,170€ | 7.6% | 6 | 860€ |
| 871 | Tropicana 202928523 · Budva | <0.1% | 239,675€ | +20.6% | -5,035€ | -2.1% | 5 | 815€ |
| 872 | N V03039030 · Budva | <0.1% | 238,645€ | -26.8% | 13,932€ | 5.8% | 6 | 694€ |
| 873 | Trim Line02929503 · Nikšić | <0.1% | 238,527€ | -1.6% | 3,057€ | 1.3% | 5 | 569€ |
| 874 | Stamina03001482 · Herceg Novi | <0.1% | 238,256€ | -1.6% | 7,985€ | 3.4% | 3 | 1,364€ |
| 875 | Pirates03000923 · Budva | <0.1% | 238,040€ | -22.9% | -14,850€ | -6.2% | 9 | 779€ |
| 876 | Matijašević Copas02316196 · Herceg Novi | <0.1% | 237,138€ | -10.0% | 14,167€ | 6.0% | 8 | 828€ |
| 877 | Grof Company03163580 · Podgorica | <0.1% | 236,839€ | +2.9% | 2,367€ | 1.0% | 7 | 723€ |
| 878 | Nefis03323315 · Podgorica | <0.1% | 236,811€ | +23.9% | 5,745€ | 2.4% | 5 | 1,136€ |
| 879 | Bite Factory03597598 · Tivat | <0.1% | 236,459€ | -10.5% | 18,402€ | 7.8% | 5 | 1,363€ |
| 880 | Turist Nova02777401 · Herceg Novi | <0.1% | 235,983€ | -2.8% | 7,089€ | 3.0% | 5 | 1,577€ |
| 881 | Bird MK02879905 · Herceg Novi | <0.1% | 235,391€ | +30.6% | 18,232€ | 7.7% | 2 | 2,755€ |
| 882 | Pinokio Food03353559 · Podgorica | <0.1% | 235,337€ | +98.7% | 3,430€ | 1.5% | 3 | 768€ |
| 883 | Adrialiga02730812 · Budva | <0.1% | 234,338€ | +70.9% | 43,437€ | 18.5% | 1 | 2,967€ |
| 884 | Hemingway Company03099067 · Bar | <0.1% | 234,213€ | +5.7% | 18,335€ | 7.8% | 5 | 1,035€ |
| 885 | Ran03040496 · Danilovgrad | <0.1% | 233,822€ | +5.2% | 34,740€ | 14.9% | 6 | 559€ |
| 886 | Cadica03158802 · Budva | <0.1% | 233,354€ | +7.8% | -266,799€ | -114.3% | 3 | 10,802€ |
| 887 | Beba03009726 · Pljevlja | <0.1% | 232,860€ | +72.4% | 55,809€ | 24.0% | 6 | 767€ |
| 888 | Gastroli03134512 · Rožaje | <0.1% | 232,729€ | +33.6% | 3,572€ | 1.5% | 14 | 714€ |
| 889 | Milica Hostel03671909 · Podgorica | <0.1% | 231,190€ | +113.7% | 47,166€ | 20.4% | 1 | 4,448€ |
| 890 | L&M 103357830 · Budva | <0.1% | 231,106€ | +5.0% | 3,260€ | 1.4% | 6 | 760€ |
| 891 | B&B Berane03708403 · Berane | <0.1% | 230,687€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,603€ | 1.1% | 5 | 1,358€ |
| 892 | Margioni03407039 · Ulcinj | <0.1% | 230,633€ | +105.5% | 28,680€ | 12.4% | 6 | 825€ |
| 893 | MN Kymo03409368 · Herceg Novi | <0.1% | 230,560€ | +49.1% | 28,286€ | 12.3% | 5 | 842€ |
| 894 | Alebo03030555 · Podgorica | <0.1% | 230,425€ | +9.6% | 1,693€ | 0.7% | 6 | 1,594€ |
| 895 | B 1002948753 · Herceg Novi | <0.1% | 230,413€ | +5.5% | 43,399€ | 18.8% | 4 | 1,622€ |
| 896 | Kontra PG03670287 · Podgorica | <0.1% | 230,349€ | +231.4% | 55,519€ | 24.1% | 5 | 942€ |
| 897 | DVD-5503619842 · Podgorica | <0.1% | 230,281€ | +17.4% | 7,231€ | 3.1% | 7 | 538€ |
| 898 | Tanopex03087603 · Budva | <0.1% | 229,879€ | +6.0% | 50,480€ | 22.0% | 4 | 622€ |
| 899 | Gala Mne03401405 · Podgorica | <0.1% | 229,872€ | +4.3% | -403€ | -0.2% | 4 | 719€ |
| 900 | Dabižinović02249006 · Herceg Novi | <0.1% | 229,709€ | -6.0% | 4,280€ | 1.9% | 8 | 1,000€ |