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 1201–1250 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* |
|---|
| 1201 | Jana Vip03223183 · Zeta | <0.1% | 148,643€ | +42.5% | 1,462€ | 1.0% | 4 | 490€ |
| 1202 | Entopya Company03615863 · Budva | <0.1% | 148,538€ | +16.2% | 1,095€ | 0.7% | 0 | — |
| 1203 | Anmax02942011 · Nikšić | <0.1% | 148,358€ | +64.2% | 8,166€ | 5.5% | 3 | 735€ |
| 1204 | Ietc- Development03166732 · Bar | <0.1% | 147,945€ | +161.3% | 10,822€ | 7.3% | 3 | 748€ |
| 1205 | Salute03336271 · Berane | <0.1% | 147,828€ | -2.3% | 47,908€ | 32.4% | 3 | 1,512€ |
| 1206 | Marinero Travel03455742 · Budva | <0.1% | 147,397€ | +474.5% | 9,729€ | 6.6% | 7 | 863€ |
| 1207 | Zas Cavnić03114350 · Zeta | <0.1% | 147,362€ | +21.3% | 26,010€ | 17.7% | 3 | 875€ |
| 1208 | Sedmorka03507815 · Danilovgrad | <0.1% | 147,360€ | +10.7% | 7,621€ | 5.2% | 5 | 1,058€ |
| 1209 | Shamrock Pub03036537 · Podgorica | <0.1% | 146,989€ | +77.8% | 24,674€ | 16.8% | 3 | 724€ |
| 1210 | 3S Hill03372618 · Podgorica | <0.1% | 146,926€ | -7.7% | -5,026€ | -3.4% | 3 | 658€ |
| 1211 | Isma03247171 · Nikšić | <0.1% | 146,789€ | -6.6% | -3,070€ | -2.1% | 6 | 343€ |
| 1212 | Piccoletto03106039 · Nikšić | <0.1% | 146,274€ | +9.4% | 361€ | 0.2% | 8 | 632€ |
| 1213 | Boni Bokuni03632377 · Kotor | <0.1% | 145,906€ | +64.9% | -12,657€ | -8.7% | 5 | 1,132€ |
| 1214 | D&D&M Company03237494 · Podgorica | <0.1% | 145,555€ | +18.0% | 2,067€ | 1.4% | 3 | 1,017€ |
| 1215 | Šamador03159663 · Ulcinj | <0.1% | 145,346€ | +27.9% | 1,112€ | 0.8% | 1 | 725€ |
| 1216 | Cuba Siempre03752275 · Budva | <0.1% | 145,213€ | No filing for 2024. | 28,694€ | 19.8% | 0 | — |
| 1217 | Xio Cafe03507360 · Bar | <0.1% | 144,584€ | -18.3% | -48,877€ | -33.8% | 5 | 1,510€ |
| 1218 | Surfers03496244 · Budva | <0.1% | 144,553€ | -17.3% | 18,910€ | 13.1% | 3 | 937€ |
| 1219 | Gru Company03239764 · Bar | <0.1% | 144,493€ | -9.0% | 13,970€ | 9.7% | 2 | 1,429€ |
| 1220 | Copy&Book House02867141 · Nikšić | <0.1% | 144,083€ | +15.8% | 10,423€ | 7.2% | 6 | 769€ |
| 1221 | Komanka Company03093573 · Podgorica | <0.1% | 143,472€ | +38.5% | 10,196€ | 7.1% | 3 | 1,301€ |
| 1222 | Varg & Co03711374 · Kotor | <0.1% | 143,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46,609€ | -32.6% | 4 | 945€ |
| 1223 | Maker03565220 · Podgorica | <0.1% | 141,949€ | +72.6% | 28,860€ | 20.3% | 3 | 475€ |
| 1224 | Volpino03694003 · Podgorica | <0.1% | 141,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,661€ | 3.3% | 4 | 594€ |
| 1225 | TBCB03344614 · Bar | <0.1% | 141,584€ | +4.3% | -112€ | -0.1% | 6 | 786€ |
| 1226 | The Pub02983389 · Bar | <0.1% | 141,547€ | +200.4% | -11,183€ | -7.9% | 2 | 491€ |
| 1227 | Tag Company03609537 · Herceg Novi | <0.1% | 141,232€ | +21.8% | 19,663€ | 13.9% | 5 | 1,051€ |
| 1228 | Niki Group03685551 · Bar | <0.1% | 141,176€ | +193.6% | 615€ | 0.4% | 8 | 604€ |
| 1229 | Latino03064018 · Podgorica | <0.1% | 141,126€ | -2.5% | 3,833€ | 2.7% | 5 | 835€ |
| 1230 | Mynda03311066 · Podgorica | <0.1% | 140,788€ | +5.1% | -4,272€ | -3.0% | 4 | 1,036€ |
| 1231 | Soldi03534464 · Budva | <0.1% | 140,638€ | +225.5% | -37,670€ | -26.8% | 6 | 968€ |
| 1232 | La Familia03323064 · Budva | <0.1% | 140,457€ | +19.1% | 7,325€ | 5.2% | 5 | 982€ |
| 1233 | Smash03633845 · Podgorica | <0.1% | 140,380€ | +20.1% | -30,473€ | -21.7% | 5 | 1,292€ |
| 1234 | Restoran Plavsko Jezero03669424 · Plav | <0.1% | 140,205€ | +210.8% | -1,002€ | -0.7% | 2 | 1,769€ |
| 1235 | SVB03332411 · Bijelo Polje | <0.1% | 140,067€ | +43.1% | 3,905€ | 2.8% | 4 | 647€ |
| 1236 | Julimat & Co03506509 · Ulcinj | <0.1% | 139,993€ | +8.9% | 27,203€ | 19.4% | 2 | 678€ |
| 1237 | MB - Lux02928507 · Herceg Novi | <0.1% | 139,769€ | +22.9% | -7,352€ | -5.3% | 7 | 585€ |
| 1238 | Subito Pizza03111873 · Podgorica | <0.1% | 139,282€ | +4.7% | -17,587€ | -12.6% | 8 | 431€ |
| 1239 | Forteca202503735834 · Herceg Novi | <0.1% | 138,815€ | No filing for 2024. | -946€ | -0.7% | 5 | 1,054€ |
| 1240 | Libertas Tours02753812 · Ulcinj | <0.1% | 138,725€ | +28.9% | 130€ | 0.1% | 3 | 774€ |
| 1241 | Unico Hija03360423 · Ulcinj | <0.1% | 138,650€ | +18.7% | 4,081€ | 2.9% | 2 | 1,846€ |
| 1242 | Varjača03616762 · Podgorica | <0.1% | 138,537€ | +90.7% | -6,264€ | -4.5% | 6 | 483€ |
| 1243 | Igi - Trade02717158 · Nikšić | <0.1% | 138,410€ | +7.6% | 3,872€ | 2.8% | 5 | 608€ |
| 1244 | Paštrovića Dvori03283399 · Budva | <0.1% | 138,004€ | -11.6% | -6,365€ | -4.6% | 4 | 868€ |
| 1245 | Soul03486958 · Tivat | <0.1% | 137,950€ | -2.3% | 19,256€ | 14.0% | 8 | 450€ |
| 1246 | Moja Konoba03517365 · Herceg Novi | <0.1% | 137,846€ | -14.4% | -25,134€ | -18.2% | 3 | 1,032€ |
| 1247 | Peran02250462 · Herceg Novi | <0.1% | 137,768€ | +7.1% | -13,244€ | -9.6% | 6 | 1,077€ |
| 1248 | Btwsutorina03639835 · Herceg Novi | <0.1% | 137,689€ | +495.7% | 4,225€ | 3.1% | 1 | 4,252€ |
| 1249 | La Regina Di Monte03379256 · Cetinje | <0.1% | 137,581€ | +1.4% | 6,179€ | 4.5% | 3 | 991€ |
| 1250 | Energy Up03452247 · Bar | <0.1% | 137,523€ | +49.9% | 3,876€ | 2.8% | 3 | 928€ |