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 901–950 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* |
|---|
| 901 | Deki Tivat03557375 · Tivat | <0.1% | 229,208€ | +20.8% | 11,508€ | 5.0% | 6 | 712€ |
| 902 | Zenz Global Tourism and Trade03585662 · Tivat | <0.1% | 228,906€ | +288.0% | 10,436€ | 4.6% | 1 | 6,943€ |
| 903 | Dinner Out03151778 · Podgorica | <0.1% | 228,866€ | +2.7% | 5,098€ | 2.2% | 6 | 662€ |
| 904 | Restoran Maestral03353435 · Tivat | <0.1% | 228,750€ | -11.7% | 62,805€ | 27.5% | 3 | 1,231€ |
| 905 | Exit-Comerc03067459 · Mojkovac | <0.1% | 228,584€ | -10.1% | 11,885€ | 5.2% | 6 | 892€ |
| 906 | Fuerte Ventura & Co02841924 · Podgorica | <0.1% | 228,537€ | +25.3% | 985€ | 0.4% | 5 | 1,223€ |
| 907 | Boka Bay Properties02420341 · Herceg Novi | <0.1% | 228,490€ | +55.8% | 41,105€ | 18.0% | 6 | 704€ |
| 908 | Boccalupo03435571 · Herceg Novi | <0.1% | 228,449€ | +21.5% | 34,604€ | 15.1% | 9 | 597€ |
| 909 | Sonso & Co03717801 · Bar | <0.1% | 227,793€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,479€ | -2.8% | 9 | 871€ |
| 910 | Šturi02221098 · Tivat | <0.1% | 226,887€ | +19.6% | 3,717€ | 1.6% | 7 | 440€ |
| 911 | La Casa Tourism03601811 · Budva | <0.1% | 226,250€ | +9,572.9% | 62,820€ | 27.8% | 0 | — |
| 912 | Mikola Eats03498743 · Podgorica | <0.1% | 226,074€ | +16.4% | -752€ | -0.3% | 6 | 830€ |
| 913 | NN Tours03319822 · Kolašin | <0.1% | 226,025€ | +39.4% | 3,375€ | 1.5% | 5 | 1,252€ |
| 914 | NB - Komerc03320456 · Nikšić | <0.1% | 225,786€ | +228.4% | 11,327€ | 5.0% | 4 | 863€ |
| 915 | Istra Besac03334961 · Bar | <0.1% | 225,712€ | -13.9% | 5,504€ | 2.4% | 10 | 774€ |
| 916 | Vukas Tourism03650600 · Kotor | <0.1% | 225,453€ | +35.0% | 112,203€ | 49.8% | 2 | 734€ |
| 917 | RTC Development02688972 · Bar | <0.1% | 224,592€ | +49.6% | 28,997€ | 12.9% | 2 | 1,858€ |
| 918 | BYD03250415 · Podgorica | <0.1% | 224,526€ | +144.1% | -2,000€ | -0.9% | 9 | 321€ |
| 919 | Koneva02995158 · Herceg Novi | <0.1% | 223,211€ | +7.4% | 982€ | 0.4% | 5 | 1,179€ |
| 920 | Brera Plus Ik03142787 · Budva | <0.1% | 222,715€ | -4.1% | 48,936€ | 22.0% | 4 | 618€ |
| 921 | Galia Trio Montenegro03052940 · Tivat | <0.1% | 222,587€ | +5.7% | 6,864€ | 3.1% | 8 | 711€ |
| 922 | Gušti03224678 · Herceg Novi | <0.1% | 222,363€ | -25.9% | 6,861€ | 3.1% | 10 | 822€ |
| 923 | Two Jokers Company03493903 · Danilovgrad | <0.1% | 222,338€ | -1.5% | 7,152€ | 3.2% | 7 | 822€ |
| 924 | Fiume03744183 · Tivat | <0.1% | 222,290€ | No filing for 2024. | -108,459€ | -48.8% | 8 | 1,177€ |
| 925 | Oak Leaf Residences03168077 · Budva | <0.1% | 222,227€ | -7.9% | -59,966€ | -27.0% | 10 | 668€ |
| 926 | Peks Company03746275 · Budva | <0.1% | 222,194€ | No filing for 2024. | 70,807€ | 31.9% | 1 | 803€ |
| 927 | Kamine03331288 · Bar | <0.1% | 221,928€ | +18.5% | -6,459€ | -2.9% | 5 | 956€ |
| 928 | S-Vuksanovići02078686 · Herceg Novi | <0.1% | 221,790€ | -1.4% | 15,574€ | 7.0% | 3 | 724€ |
| 929 | Rabbit Records02823594 · Podgorica | <0.1% | 220,504€ | -29.7% | 4,469€ | 2.0% | 2 | 1,657€ |
| 930 | Butor Company03088367 · Bar | <0.1% | 219,734€ | -29.1% | -42,204€ | -19.2% | 6 | 1,090€ |
| 931 | Deamat03219364 · Kotor | <0.1% | 219,486€ | +45.9% | -2,431€ | -1.1% | 4 | 982€ |
| 932 | Eds02866846 · Kotor | <0.1% | 219,151€ | -3.9% | 8,473€ | 3.9% | 5 | 892€ |
| 933 | Bonik-Group03462978 · Nikšić | <0.1% | 219,062€ | +40.6% | 2,682€ | 1.2% | 4 | 596€ |
| 934 | Tikas03751791 · Ulcinj | <0.1% | 218,891€ | No filing for 2024. | 18,376€ | 8.4% | 4 | 555€ |
| 935 | VNV03012638 · Bar | <0.1% | 218,809€ | +293.0% | 9,161€ | 4.2% | 5 | 966€ |
| 936 | Izlazak02707730 · Plužine | <0.1% | 218,790€ | -5.4% | 4,470€ | 2.0% | 7 | 1,024€ |
| 937 | Luma02398559 · Herceg Novi | <0.1% | 218,359€ | +36.1% | 19,957€ | 9.1% | 6 | 1,005€ |
| 938 | VMBM03022749 · Herceg Novi | <0.1% | 217,495€ | -1.3% | -29,798€ | -13.7% | 5 | 1,103€ |
| 939 | Voda u Kršu02423693 · Bar | <0.1% | 217,269€ | -2.1% | 23,574€ | 10.9% | 9 | 886€ |
| 940 | Teniva03292983 · Podgorica | <0.1% | 215,185€ | +40.6% | 12,231€ | 5.7% | 7 | 886€ |
| 941 | River of Happiness02976072 · Budva | <0.1% | 214,537€ | +45.4% | -42,511€ | -19.8% | 9 | 825€ |
| 942 | Ivmi Popović02382911 · Cetinje | <0.1% | 214,056€ | -1.9% | 16,298€ | 7.6% | 5 | 700€ |
| 943 | Instant Commerce03144445 · Ulcinj | <0.1% | 214,026€ | +0.7% | 48,316€ | 22.6% | 4 | 707€ |
| 944 | Roki JM03464130 · Nikšić | <0.1% | 213,649€ | -13.9% | 9,352€ | 4.4% | 4 | 1,398€ |
| 945 | Peričić02914697 · Bar | <0.1% | 213,465€ | +10.2% | -14,845€ | -7.0% | 9 | 320€ |
| 946 | 21 Januar02193744 · Žabljak | <0.1% | 213,230€ | +6.1% | 10,943€ | 5.1% | 5 | 1,448€ |
| 947 | Pašterija03405796 · Podgorica | <0.1% | 213,049€ | +37.4% | 3,175€ | 1.5% | 4 | 1,180€ |
| 948 | Nemix Company03438180 · Herceg Novi | <0.1% | 212,892€ | -15.3% | 22,298€ | 10.5% | 7 | 691€ |
| 949 | Boklip03307212 · Herceg Novi | <0.1% | 212,594€ | +8.6% | 19,153€ | 9.0% | 9 | 682€ |
| 950 | Hemont03467104 · Podgorica | <0.1% | 212,208€ | -24.0% | -45,906€ | -21.6% | 10 | 1,083€ |