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 1251–1300 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* |
|---|
| 1251 | Minema03636267 · Zeta | <0.1% | 137,117€ | +110.5% | 7,915€ | 5.8% | 2 | 660€ |
| 1252 | Cadena03516903 · Budva | <0.1% | 136,101€ | -68.6% | -26,842€ | -19.7% | 2 | 392€ |
| 1253 | Boro Company03019543 · Podgorica | <0.1% | 135,993€ | +46.7% | 68,583€ | 50.4% | 2 | 514€ |
| 1254 | Kafemat03386295 · Podgorica | <0.1% | 135,791€ | +15.9% | 9,863€ | 7.3% | 3 | 844€ |
| 1255 | Bobo-Co03376435 · Podgorica | <0.1% | 135,556€ | +8.9% | -10,718€ | -7.9% | 4 | 665€ |
| 1256 | Prestige Win03310400 · Nikšić | <0.1% | 135,518€ | -26.4% | 42,007€ | 31.0% | 3 | 754€ |
| 1257 | Biserna Plaža02352150 · Herceg Novi | <0.1% | 135,258€ | +28.2% | -5,677€ | -4.2% | 6 | 689€ |
| 1258 | Ambasada Bistro A&M03354342 · Podgorica | <0.1% | 135,169€ | +5.0% | 3,227€ | 2.4% | 3 | 730€ |
| 1259 | Vukodo03368211 · Herceg Novi | <0.1% | 134,983€ | -45.1% | -43,720€ | -32.4% | 3 | 1,750€ |
| 1260 | Kozak Montenegro03102459 · Mojkovac | <0.1% | 134,871€ | -2.2% | 30,358€ | 22.5% | 7 | 563€ |
| 1261 | Miva Connect03742164 · Kotor | <0.1% | 134,695€ | No filing for 2024. | 33,347€ | 24.8% | 0 | — |
| 1262 | Pelivan02825791 · Ulcinj | <0.1% | 134,427€ | +15.2% | -12,181€ | -9.1% | 9 | 734€ |
| 1263 | Freedom NT02981998 · Budva | <0.1% | 134,134€ | +74.8% | 23,099€ | 17.2% | 3 | 819€ |
| 1264 | Pick and Roll03411915 · Bar | <0.1% | 133,923€ | -5.1% | 1,484€ | 1.1% | 5 | 587€ |
| 1265 | Kerber Hotels03143732 · Podgorica | <0.1% | 133,627€ | +342,533.3% | -14,319€ | -10.7% | 5 | 1,025€ |
| 1266 | TCHSP03752259 · Tivat | <0.1% | 133,176€ | No filing for 2024. | 21,423€ | 16.1% | 3 | 1,370€ |
| 1267 | J.L.K.V.03436756 · Herceg Novi | <0.1% | 133,052€ | +60.4% | 13,863€ | 10.4% | 2 | 1,461€ |
| 1268 | M.Vidaković Co03120112 · Herceg Novi | <0.1% | 132,797€ | +3.9% | 18,079€ | 13.6% | 4 | 839€ |
| 1269 | VK Group03703118 · Bar | <0.1% | 132,686€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,851€ | 12.7% | 4 | 774€ |
| 1270 | Tikki Beach03200817 · Podgorica | <0.1% | 132,429€ | +55.5% | 36,510€ | 27.6% | 2 | 1,079€ |
| 1271 | Republic03116450 · Herceg Novi | <0.1% | 132,152€ | -2.8% | 10,114€ | 7.7% | 3 | 811€ |
| 1272 | Monkey 61903400018 · Podgorica | <0.1% | 131,737€ | +209.0% | 45,712€ | 34.7% | 1 | 1,210€ |
| 1273 | Milanista03707369 · Podgorica | <0.1% | 131,378€ | +611.0% | 10,036€ | 7.6% | 4 | 708€ |
| 1274 | Good Taste03326454 · Podgorica | <0.1% | 131,259€ | -33.0% | -6,905€ | -5.3% | 4 | 502€ |
| 1275 | Art & Sound03325377 · Budva | <0.1% | 131,215€ | -69.1% | -135,865€ | -103.5% | 5 | 1,748€ |
| 1276 | Marinero Komerc02270951 · Herceg Novi | <0.1% | 131,050€ | +23.1% | 5,162€ | 3.9% | 3 | 1,064€ |
| 1277 | Dasi03187853 · Budva | <0.1% | 130,897€ | +13.0% | -10,883€ | -8.3% | 2 | 1,594€ |
| 1278 | Porto Podi03017249 · Herceg Novi | <0.1% | 130,868€ | +14.4% | 3,692€ | 2.8% | 5 | 484€ |
| 1279 | Carl Colar03414582 · Kotor | <0.1% | 130,692€ | +1,639.3% | 36,526€ | 27.9% | 2 | — |
| 1280 | Forcealw03736245 · Budva | <0.1% | 130,676€ | No filing for 2024. | 4,791€ | 3.7% | 2 | 522€ |
| 1281 | Ponta Čanj03252205 · Bar | <0.1% | 130,675€ | -14.6% | 5,359€ | 4.1% | 4 | 627€ |
| 1282 | Boka Di Mare03102033 · Herceg Novi | <0.1% | 130,520€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,361€ | 14.1% | 4 | 781€ |
| 1283 | Bojamin Company03258033 · Podgorica | <0.1% | 130,447€ | -10.0% | -14,937€ | -11.5% | 0 | — |
| 1284 | Risan Bay Resort03761134 · Budva | <0.1% | 130,181€ | No filing for 2024. | -34,206€ | -26.3% | 5 | 701€ |
| 1285 | Hun03294650 · Kotor | <0.1% | 128,765€ | +16.3% | -12,154€ | -9.4% | 2 | 928€ |
| 1286 | Pierina03266753 · Budva | <0.1% | 128,685€ | +93.4% | 5,839€ | 4.5% | 3 | 645€ |
| 1287 | Manex02220407 · Budva | <0.1% | 128,361€ | -53.8% | -68,189€ | -53.1% | 6 | 764€ |
| 1288 | Bro INC.03627705 · Kotor | <0.1% | 128,305€ | +210.2% | 35,253€ | 27.5% | 3 | 702€ |
| 1289 | Kalu Food03548082 · Podgorica | <0.1% | 127,691€ | +36.6% | 26,530€ | 20.8% | 2 | 723€ |
| 1290 | Exsluziv Skaut02667177 · Bar | <0.1% | 127,331€ | +46.2% | -1,807€ | -1.4% | 9 | — |
| 1291 | Naše Ognjište03688801 · Podgorica | <0.1% | 127,257€ | +264.0% | 12,091€ | 9.5% | 3 | 518€ |
| 1292 | MMZ03473309 · Danilovgrad | <0.1% | 127,119€ | +42.5% | 11,622€ | 9.1% | 5 | 842€ |
| 1293 | KKM Oskar Company03040623 · Nikšić | <0.1% | 127,105€ | +61.2% | -6,168€ | -4.9% | 8 | 706€ |
| 1294 | Shasium02630958 · Ulcinj | <0.1% | 126,985€ | +87.1% | -1,385€ | -1.1% | 5 | 569€ |
| 1295 | Hood Arch03613518 · Tivat | <0.1% | 126,946€ | +30.6% | 4,487€ | 3.5% | 6 | 765€ |
| 1296 | Kotrobanja02700123 · Bar | <0.1% | 126,921€ | -28.0% | -65,565€ | -51.7% | 4 | 675€ |
| 1297 | Baranin Company03749894 · Žabljak | <0.1% | 126,915€ | No filing for 2024. | 15,737€ | 12.4% | 7 | 305€ |
| 1298 | Laniakea03609561 · Podgorica | <0.1% | 126,613€ | +9.1% | 8,743€ | 6.9% | 4 | 1,032€ |
| 1299 | MM Sistems02431823 · Berane | <0.1% | 126,611€ | +8.8% | 33,890€ | 26.8% | 4 | 1,259€ |
| 1300 | Family Petković03767477 · Tivat | <0.1% | 126,406€ | No filing for 2024. | 88,270€ | 69.8% | 2 | — |