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 1051–1100 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* |
|---|
| 1051 | Trio Gušt03701379 · Budva | <0.1% | 184,897€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,564€ | -6.3% | 6 | 661€ |
| 1052 | Hotel Komovi03485986 · Andrijevica | <0.1% | 184,580€ | +85.4% | 8,827€ | 4.8% | 7 | 725€ |
| 1053 | Citadela Stari Bar03180557 · Bar | <0.1% | 184,522€ | +43.1% | -34,620€ | -18.8% | 4 | 749€ |
| 1054 | MS Invest Plus02902737 · Bar | <0.1% | 184,377€ | -81.5% | -14,920€ | -8.1% | 6 | 622€ |
| 1055 | Questo - Quello02786087 · Bar | <0.1% | 184,055€ | +0.7% | 7,315€ | 4.0% | 2 | 623€ |
| 1056 | Šaraba02108011 · Herceg Novi | <0.1% | 183,877€ | -1.5% | 3,014€ | 1.6% | 8 | 1,019€ |
| 1057 | Ponta Risan03187209 · Kotor | <0.1% | 183,758€ | +19.7% | 30,672€ | 16.7% | 4 | 1,010€ |
| 1058 | Gala02400693 · Budva | <0.1% | 183,535€ | -10.1% | 29,447€ | 16.0% | 4 | 967€ |
| 1059 | Adrialukas03353338 · Budva | <0.1% | 183,431€ | -18.0% | 35,850€ | 19.5% | 4 | 900€ |
| 1060 | Kruče Tours02208792 · Ulcinj | <0.1% | 183,412€ | +1.9% | 7,983€ | 4.4% | 5 | 637€ |
| 1061 | Carlo M03382281 · Berane | <0.1% | 182,938€ | -0.1% | -9,836€ | -5.4% | 10 | 577€ |
| 1062 | BB Šušanj03362400 · Bar | <0.1% | 182,533€ | +6.7% | 2,433€ | 1.3% | 3 | 1,055€ |
| 1063 | Plava Vila03563294 · Podgorica | <0.1% | 182,529€ | +83.3% | -22,546€ | -12.4% | 4 | 1,172€ |
| 1064 | Urban Cakes03698548 · Budva | <0.1% | 182,475€ | +4,331.2% | 5,743€ | 3.1% | 7 | 676€ |
| 1065 | Pupa03125033 · Kotor | <0.1% | 182,451€ | +6.8% | 8,432€ | 4.6% | 3 | 1,051€ |
| 1066 | VUK&CO.LTD02833026 · Berane | <0.1% | 182,095€ | +8.4% | 5,077€ | 2.8% | 7 | 913€ |
| 1067 | Elementgroup03430812 · Bar | <0.1% | 182,023€ | +41.9% | 3,073€ | 1.7% | 7 | 629€ |
| 1068 | Rubick03089614 · Bar | <0.1% | 181,935€ | +26.8% | 4,196€ | 2.3% | 3 | 1,174€ |
| 1069 | Katana Lux03170128 · Ulcinj | <0.1% | 181,876€ | +17.3% | 81,649€ | 44.9% | 4 | 838€ |
| 1070 | Pav Estate03516814 · Kotor | <0.1% | 181,525€ | -8.4% | 16,311€ | 9.0% | 6 | 894€ |
| 1071 | Stara Kuća Montenegro03066975 · Podgorica | <0.1% | 181,513€ | -30.2% | 6,334€ | 3.5% | 4 | 717€ |
| 1072 | Salon Prive Bar03352706 · Tivat | <0.1% | 181,012€ | +33.8% | 18,542€ | 10.2% | 4 | 727€ |
| 1073 | Putex02057093 · Kotor | <0.1% | 180,779€ | +5.1% | 3,515€ | 1.9% | 6 | 804€ |
| 1074 | Adea L03218929 · Ulcinj | <0.1% | 179,961€ | -7.6% | 4,613€ | 2.6% | 6 | 1,062€ |
| 1075 | Vidikovac Njivice03347745 · Herceg Novi | <0.1% | 179,344€ | -28.7% | 2,431€ | 1.4% | 6 | 536€ |
| 1076 | Urban Place03302741 · Bar | <0.1% | 179,338€ | +85.2% | 1,902€ | 1.1% | 7 | 530€ |
| 1077 | Loper Tours02226634 · Budva | <0.1% | 178,266€ | -13.2% | 458€ | 0.3% | 9 | 657€ |
| 1078 | Vulović Brothers03243788 · Kotor | <0.1% | 178,123€ | +11.5% | -36,693€ | -20.6% | 5 | 805€ |
| 1079 | 3 Max02448742 · Nikšić | <0.1% | 177,791€ | +16.8% | -13,999€ | -7.9% | 9 | 669€ |
| 1080 | LP Company03424618 · Budva | <0.1% | 177,546€ | +4.3% | 3,748€ | 2.1% | 4 | 1,429€ |
| 1081 | Lagoon Group03552870 · Bar | <0.1% | 177,498€ | +14.1% | 8,799€ | 5.0% | 6 | 782€ |
| 1082 | Citadela02845539 · Budva | <0.1% | 177,058€ | +30.5% | 36,480€ | 20.6% | 4 | 1,169€ |
| 1083 | Frango03499880 · Podgorica | <0.1% | 176,567€ | +21.4% | -42,461€ | -24.0% | 9 | 991€ |
| 1084 | Monte C03495990 · Tivat | <0.1% | 176,062€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -989,097€ | -561.8% | 22 | 2,703€ |
| 1085 | ST. Nikola’s03385370 · Budva | <0.1% | 176,055€ | +14.2% | 46,653€ | 26.5% | 5 | 691€ |
| 1086 | Novi Svet03579492 · Kotor | <0.1% | 176,051€ | +30.9% | -33,486€ | -19.0% | 3 | 991€ |
| 1087 | Stari Grad 198403559530 · Bijelo Polje | <0.1% | 176,010€ | -1.6% | 333€ | 0.2% | 12 | 348€ |
| 1088 | Kola03233529 · Tuzi | <0.1% | 175,547€ | +1.6% | 7,314€ | 4.2% | 6 | 661€ |
| 1089 | NNZ Group03710807 · Nikšić | <0.1% | 175,491€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,159€ | 0.7% | 6 | 711€ |
| 1090 | Het Anker03398315 · Kotor | <0.1% | 175,322€ | +30.6% | 602€ | 0.3% | 4 | 1,051€ |
| 1091 | Vivo Co03138887 · Kolašin | <0.1% | 175,138€ | -43.4% | 1,423€ | 0.8% | 9 | 523€ |
| 1092 | Elite03360814 · Berane | <0.1% | 175,119€ | +2.0% | -1,702€ | -1.0% | 3 | 565€ |
| 1093 | Adria4ever03246841 · Bar | <0.1% | 174,898€ | -3.7% | 139€ | 0.1% | 8 | 834€ |
| 1094 | Aren Group Mne03648460 · Bar | <0.1% | 174,546€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -53,175€ | -30.5% | 4 | 1,705€ |
| 1095 | Sanes03086640 · Ulcinj | <0.1% | 173,838€ | -2.5% | -10,447€ | -6.0% | 5 | 1,095€ |
| 1096 | Sarito03596451 · Ulcinj | <0.1% | 173,626€ | -36.2% | -23,180€ | -13.4% | 4 | 510€ |
| 1097 | Kula02676095 · Plav | <0.1% | 173,527€ | +1.3% | 31,419€ | 18.1% | 3 | 481€ |
| 1098 | Kairos Company03022056 · Herceg Novi | <0.1% | 173,419€ | -0.2% | 1,745€ | 1.0% | 7 | 620€ |
| 1099 | Gioia Group03285057 · Podgorica | <0.1% | 172,224€ | +689.6% | -24,513€ | -14.2% | 8 | 903€ |
| 1100 | Peace03398749 · Podgorica | <0.1% | 172,158€ | +2.9% | 5,090€ | 3.0% | 8 | 680€ |