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 1101–1150 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* |
|---|
| 1101 | M&C03588459 · Tivat | <0.1% | 171,919€ | +165.1% | 34,595€ | 20.1% | 4 | 1,075€ |
| 1102 | Matra i Goda03169618 · Herceg Novi | <0.1% | 171,682€ | -2.6% | 8,200€ | 4.8% | 11 | 587€ |
| 1103 | 3.Novembar02889064 · Žabljak | <0.1% | 171,644€ | -12.6% | 69,568€ | 40.5% | 5 | 458€ |
| 1104 | Pirlanta03074803 · Bar | <0.1% | 171,122€ | +5.2% | -4,917€ | -2.9% | 8 | 787€ |
| 1105 | Ćevabdžinica Kod Ada03111571 · Bijelo Polje | <0.1% | 170,794€ | +83.9% | -39,681€ | -23.2% | 7 | 943€ |
| 1106 | MJ Kodeks03729214 · Herceg Novi | <0.1% | 170,677€ | No filing for 2024. | 507€ | 0.3% | 12 | 517€ |
| 1107 | 19. Oktobar02062666 · Podgorica | <0.1% | 170,599€ | +41.1% | 1,630€ | 1.0% | 4 | 973€ |
| 1108 | M. Nikčević - Rio02097958 · Nikšić | <0.1% | 170,490€ | +54.1% | -14,943€ | -8.8% | 5 | 1,077€ |
| 1109 | Provide03318648 · Budva | <0.1% | 170,479€ | +564.1% | 18,757€ | 11.0% | 5 | 559€ |
| 1110 | K.O. Montenegro02446740 · Podgorica | <0.1% | 170,443€ | +20.0% | 1,616€ | 0.9% | 7 | 756€ |
| 1111 | Votra03418502 · Podgorica | <0.1% | 170,090€ | +116.7% | 15,431€ | 9.1% | 2 | 970€ |
| 1112 | Pachamama03632750 · Podgorica | <0.1% | 169,918€ | +681.5% | -11,624€ | -6.8% | 6 | 526€ |
| 1113 | Hon One03731111 · Kotor | <0.1% | 169,783€ | No filing for 2024. | -291,705€ | -171.8% | 6 | 2,067€ |
| 1114 | Porto Bijela03125548 · Herceg Novi | <0.1% | 169,683€ | -0.5% | -11,687€ | -6.9% | 7 | 555€ |
| 1115 | Happy - Food03182959 · Herceg Novi | <0.1% | 169,596€ | -7.3% | 3,168€ | 1.9% | 5 | 1,068€ |
| 1116 | Superior Stars03596460 · Kotor | <0.1% | 169,491€ | -35.1% | -66,272€ | -39.1% | 5 | 1,261€ |
| 1117 | Delishes03258220 · Podgorica | <0.1% | 169,128€ | +5.6% | 767€ | 0.5% | 1 | 1,050€ |
| 1118 | Forsage02753537 · Budva | <0.1% | 168,980€ | -27.2% | -11,518€ | -6.8% | 8 | 862€ |
| 1119 | Nav Company Trade03413691 · Budva | <0.1% | 168,751€ | +35.3% | 3,115€ | 1.8% | 2 | 959€ |
| 1120 | BNB Company02832275 · Ulcinj | <0.1% | 167,906€ | +20.0% | 16,556€ | 9.9% | 5 | 549€ |
| 1121 | Mustur02127598 · Herceg Novi | <0.1% | 167,385€ | +9.6% | 14,229€ | 8.5% | 4 | 1,048€ |
| 1122 | Moračanka03567842 · Podgorica | <0.1% | 167,339€ | +44.7% | 9,743€ | 5.8% | 6 | 870€ |
| 1123 | Tajson02456249 · Rožaje | <0.1% | 167,109€ | +2,288.6% | 41,251€ | 24.7% | 0 | — |
| 1124 | MBJ Club03367169 · Bar | <0.1% | 166,883€ | +63.4% | 26,444€ | 15.8% | 5 | 806€ |
| 1125 | Rudi-Impex02147831 · Bijelo Polje | <0.1% | 166,684€ | -8.1% | -36,502€ | -21.9% | 10 | 806€ |
| 1126 | Sada Tours03374190 · Bar | <0.1% | 166,570€ | +15.5% | 12,584€ | 7.6% | 2 | 1,462€ |
| 1127 | Marks03301087 · Berane | <0.1% | 166,569€ | -1.7% | -7,189€ | -4.3% | 5 | 1,281€ |
| 1128 | Mpkamilica03509397 · Podgorica | <0.1% | 165,708€ | -19.9% | 55,204€ | 33.3% | 6 | 666€ |
| 1129 | Rea Junior02401827 · Budva | <0.1% | 165,666€ | -0.7% | -6,244€ | -3.8% | 8 | 1,099€ |
| 1130 | Novi Biss03355772 · Herceg Novi | <0.1% | 165,148€ | +29.6% | -1,004€ | -0.6% | 5 | 483€ |
| 1131 | Primus Viss03617386 · Podgorica | <0.1% | 164,816€ | +26.6% | 19,189€ | 11.6% | 5 | 677€ |
| 1132 | Šaltić Company02323834 · Bar | <0.1% | 164,662€ | +63.5% | 17,622€ | 10.7% | 4 | 675€ |
| 1133 | Alg-0103432408 · Herceg Novi | <0.1% | 164,615€ | +357.9% | 14,242€ | 8.7% | 1 | 4,810€ |
| 1134 | Žeki & Laki03110397 · Podgorica | <0.1% | 164,470€ | +18.2% | -1,162€ | -0.7% | 10 | 640€ |
| 1135 | Mi Kasa02728907 · Herceg Novi | <0.1% | 164,369€ | +15.7% | 13,291€ | 8.1% | 3 | 857€ |
| 1136 | Magic Family03260119 · Nikšić | <0.1% | 164,365€ | +170.6% | 9,927€ | 6.0% | 6 | 787€ |
| 1137 | Tal Company03684202 · Podgorica | <0.1% | 164,347€ | +272.2% | 21,070€ | 12.8% | 5 | 1,026€ |
| 1138 | Sassaco03352960 · Podgorica | <0.1% | 164,211€ | +4,105,175.0% | 14,986€ | 9.1% | 4 | 1,006€ |
| 1139 | Mandrapa Company03304817 · Herceg Novi | <0.1% | 164,110€ | -41.9% | -106,698€ | -65.0% | 9 | 610€ |
| 1140 | Palmera03362426 · Bar | <0.1% | 164,084€ | -9.2% | -3,365€ | -2.1% | 4 | 621€ |
| 1141 | Lok Services03485684 · Podgorica | <0.1% | 163,747€ | +1,803.8% | -7,944€ | -4.9% | 3 | — |
| 1142 | Ćeman Industry03706974 · Bar | <0.1% | 163,690€ | +6,711.9% | 991€ | 0.6% | 7 | 759€ |
| 1143 | 25 Avgust03086577 · Budva | <0.1% | 163,233€ | -3.0% | 13,207€ | 8.1% | 4 | 557€ |
| 1144 | Hamburger02344629 · Ulcinj | <0.1% | 163,203€ | +18.8% | -1,552€ | -1.0% | 5 | 676€ |
| 1145 | L.L. Sette Company03495116 · Podgorica | <0.1% | 163,112€ | +6.4% | 1,853€ | 1.1% | 7 | 742€ |
| 1146 | Sivan03662420 · Ulcinj | <0.1% | 162,921€ | +16.4% | 39,172€ | 24.0% | 5 | 409€ |
| 1147 | And Lustica03142507 · Herceg Novi | <0.1% | 162,913€ | -7.6% | 5,617€ | 3.4% | 3 | 1,759€ |
| 1148 | Campanula03347826 · Podgorica | <0.1% | 162,729€ | +13.7% | -14,019€ | -8.6% | 1 | 612€ |
| 1149 | Stingray03390764 · Tivat | <0.1% | 161,685€ | -8.1% | 4,466€ | 2.8% | 5 | 604€ |
| 1150 | Bristol02102498 · Herceg Novi | <0.1% | 161,547€ | +10.4% | 33,472€ | 20.7% | 6 | 589€ |