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 1301–1350 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* |
|---|
| 1301 | MMK Standard02100134 · Nikšić | <0.1% | 126,381€ | -27.7% | -131,803€ | -104.3% | 2 | 1,760€ |
| 1302 | Star of Montenegro02303833 · Ulcinj | <0.1% | 126,192€ | +2.2% | 53,499€ | 42.4% | 3 | 1,417€ |
| 1303 | Red Company02736292 · Podgorica | <0.1% | 125,985€ | +34.3% | 44,151€ | 35.0% | 3 | 546€ |
| 1304 | Merlin Montenegro03288552 | <0.1% | 125,818€ | -23.9% | -3,934€ | -3.1% | 4 | 719€ |
| 1305 | First AN&NI02353687 · Tivat | <0.1% | 125,202€ | +0.4% | 4,164€ | 3.3% | 5 | 644€ |
| 1306 | Autsajder - Com03011119 · Bijelo Polje | <0.1% | 125,090€ | +42.0% | 16,485€ | 13.2% | 6 | 791€ |
| 1307 | Iskra 194703566030 · Danilovgrad | <0.1% | 124,937€ | +37.7% | 162€ | 0.1% | 5 | 793€ |
| 1308 | Eagle Nest03325865 · Šavnik | <0.1% | 124,833€ | +34.1% | 19,499€ | 15.6% | 3 | 742€ |
| 1309 | Dupan03246035 · Herceg Novi | <0.1% | 124,745€ | +74.6% | 14,263€ | 11.4% | 1 | 310€ |
| 1310 | Halibas03157008 · Ulcinj | <0.1% | 124,570€ | -23.1% | -20,069€ | -16.1% | 3 | 599€ |
| 1311 | Taraca03246159 · Herceg Novi | <0.1% | 124,442€ | +19.1% | -15,141€ | -12.2% | 3 | 682€ |
| 1312 | Amicis Company03729982 · Podgorica | <0.1% | 124,361€ | No filing for 2024. | 7,398€ | 5.9% | 3 | 926€ |
| 1313 | Sarantini03744710 · Budva | <0.1% | 124,361€ | No filing for 2024. | 28,943€ | 23.3% | 3 | 1,161€ |
| 1314 | RD Company02433591 · Budva | <0.1% | 124,359€ | +8.9% | -2,314€ | -1.9% | 3 | 727€ |
| 1315 | Blue River Tara03087662 · Nikšić | <0.1% | 124,146€ | +24.7% | -13,413€ | -10.8% | 3 | 727€ |
| 1316 | River02639190 · Cetinje | <0.1% | 123,962€ | -10.7% | 2,900€ | 2.3% | 3 | 1,504€ |
| 1317 | Medojević02264048 · Herceg Novi | <0.1% | 123,879€ | -0.7% | 12,048€ | 9.7% | 3 | 1,116€ |
| 1318 | Natural Beach02999463 · Ulcinj | <0.1% | 123,803€ | -14.1% | -31,356€ | -25.3% | 3 | 554€ |
| 1319 | Kapllanbegu02904209 · Ulcinj | <0.1% | 123,751€ | +3.4% | -32,881€ | -26.6% | 5 | 681€ |
| 1320 | Lejla-Ćukovac03037703 · Bijelo Polje | <0.1% | 123,691€ | +47.1% | 3,785€ | 3.1% | 2 | 675€ |
| 1321 | Infohvala03309509 · Budva | <0.1% | 123,680€ | -4.6% | -8,175€ | -6.6% | 4 | 802€ |
| 1322 | Puerta Del Sol02705532 · Budva | <0.1% | 123,594€ | -11.4% | 14,802€ | 12.0% | 5 | 737€ |
| 1323 | DMM Company03162028 · Bijelo Polje | <0.1% | 123,577€ | +22.9% | -10,691€ | -8.7% | 5 | 839€ |
| 1324 | Immo Monte03266532 · Bar | <0.1% | 123,471€ | +465.6% | 21,987€ | 17.8% | 1 | 1,722€ |
| 1325 | Kero02966549 · Rožaje | <0.1% | 123,448€ | +13.6% | 270€ | 0.2% | 4 | 1,005€ |
| 1326 | Marbor02993724 · Herceg Novi | <0.1% | 123,140€ | -8.0% | 19,046€ | 15.5% | 3 | 930€ |
| 1327 | B03340694 · Ulcinj | <0.1% | 123,112€ | +8.5% | -3,154€ | -2.6% | 4 | 855€ |
| 1328 | Vojd03468666 · Budva | <0.1% | 122,925€ | +3.2% | -26,224€ | -21.3% | 4 | 568€ |
| 1329 | Hachiko03586685 · Podgorica | <0.1% | 122,728€ | +15.2% | 32,669€ | 26.6% | 2 | 889€ |
| 1330 | Video03031721 · Berane | <0.1% | 122,714€ | +26.8% | 9,994€ | 8.1% | 5 | 1,024€ |
| 1331 | K & D Company02875411 · Podgorica | <0.1% | 122,396€ | +8.5% | 793€ | 0.6% | 4 | 715€ |
| 1332 | Hotel S03356795 · Berane | <0.1% | 122,388€ | +6.6% | 8,574€ | 7.0% | 5 | 924€ |
| 1333 | Labus Nova03406342 · Bijelo Polje | <0.1% | 122,347€ | +30.2% | 5,738€ | 4.7% | 5 | 703€ |
| 1334 | Maltepe03679764 · Podgorica | <0.1% | 121,873€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 194€ | 0.2% | 3 | 639€ |
| 1335 | Monteagro02312999 · Podgorica | <0.1% | 121,745€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,850€ | -4.0% | 3 | 564€ |
| 1336 | LTD03036197 · Herceg Novi | <0.1% | 121,696€ | -13.3% | -44,663€ | -36.7% | 9 | 853€ |
| 1337 | Kod Bucka03408493 · Podgorica | <0.1% | 121,470€ | +59.6% | 14,449€ | 11.9% | 3 | 1,362€ |
| 1338 | Oskar B&B03633055 · Kotor | <0.1% | 121,423€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 44,749€ | 36.9% | 3 | — |
| 1339 | Svera-Stari Mlin03059057 · Nikšić | <0.1% | 121,352€ | +35.0% | 3,940€ | 3.2% | 5 | 612€ |
| 1340 | Doubles03696006 · Podgorica | <0.1% | 120,869€ | +1,116.2% | 13,871€ | 11.5% | 6 | 469€ |
| 1341 | Connect Group03390519 · Podgorica | <0.1% | 120,853€ | +70.4% | 16,389€ | 13.6% | 1 | — |
| 1342 | Saičić-Tours02329930 · Budva | <0.1% | 120,585€ | -17.9% | 8,846€ | 7.3% | 3 | 948€ |
| 1343 | Ćevabdžinica Dino03143651 · Bar | <0.1% | 120,399€ | +24.4% | -6,953€ | -5.8% | 2 | 822€ |
| 1344 | Plaza X03748995 · Ulcinj | <0.1% | 120,382€ | No filing for 2024. | 25,977€ | 21.6% | 2 | 462€ |
| 1345 | Mav Company03348741 · Podgorica | <0.1% | 120,283€ | +69.9% | 7,581€ | 6.3% | 1 | 2,861€ |
| 1346 | Scandinavian Home03148530 · Ulcinj | <0.1% | 119,884€ | -17.7% | -26,407€ | -22.0% | 6 | — |
| 1347 | Momentum03153037 · Podgorica | <0.1% | 119,698€ | +208.1% | 11,788€ | 9.8% | 2 | 2,330€ |
| 1348 | Saraj - M02779056 · Tuzi | <0.1% | 119,613€ | +33.3% | 9,747€ | 8.1% | 5 | 675€ |
| 1349 | Balkan Nikas Product03483525 | <0.1% | 118,673€ | +28.4% | -9,047€ | -7.6% | 6 | 819€ |
| 1350 | Epoha02248719 · Budva | <0.1% | 118,566€ | +22.2% | 5,593€ | 4.7% | 5 | 666€ |