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 1351–1400 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* |
|---|
| 1351 | Sweet Corner03087425 · Podgorica | <0.1% | 118,417€ | +22.6% | 1,261€ | 1.1% | 3 | 838€ |
| 1352 | Arad A.A.P.03521966 · Budva | <0.1% | 118,373€ | +10.5% | -17,134€ | -14.5% | 2 | 1,256€ |
| 1353 | Cumbu02405431 · Bar | <0.1% | 118,115€ | -82.5% | -1,818€ | -1.5% | 2 | 707€ |
| 1354 | Lagonisi03708233 · Podgorica | <0.1% | 117,605€ | +1,325.2% | 9,518€ | 8.1% | 3 | 1,060€ |
| 1355 | Perbul03521010 · Podgorica | <0.1% | 117,546€ | -8.9% | -30,645€ | -26.1% | 5 | 736€ |
| 1356 | Magic MK03093824 · Budva | <0.1% | 117,055€ | -5.6% | 1,161€ | 1.0% | 6 | 782€ |
| 1357 | Račama03579786 · Podgorica | <0.1% | 117,008€ | +19.1% | 51,095€ | 43.7% | 2 | 917€ |
| 1358 | Dumas Company03339076 · Podgorica | <0.1% | 116,726€ | -11.8% | -20,732€ | -17.8% | 4 | 1,217€ |
| 1359 | History Group03232441 · Bijelo Polje | <0.1% | 116,085€ | +4.8% | -28,685€ | -24.7% | 7 | 758€ |
| 1360 | Jef Budva03153762 · Budva | <0.1% | 116,056€ | +12.5% | 1,579€ | 1.4% | 3 | 1,193€ |
| 1361 | Padrino - Das02745593 · Bar | <0.1% | 115,901€ | +5.3% | 37,320€ | 32.2% | 3 | 510€ |
| 1362 | Raeli Logistics03496848 · Bar | <0.1% | 115,840€ | +313.5% | -41,342€ | -35.7% | 5 | 726€ |
| 1363 | Lion Investment Montenegro03143074 · Bar | <0.1% | 115,340€ | +78.3% | -42,537€ | -36.9% | 1 | 1,256€ |
| 1364 | Novi Lav03030415 · Herceg Novi | <0.1% | 115,302€ | +12.5% | 17,943€ | 15.6% | 3 | 957€ |
| 1365 | Panjega Stanjević03094812 · Tivat | <0.1% | 115,103€ | -25.9% | -19,566€ | -17.0% | 4 | 580€ |
| 1366 | JM & Co03094740 · Kotor | <0.1% | 114,775€ | -3.3% | -21,610€ | -18.8% | 6 | 770€ |
| 1367 | Bukovik Sutomore03049078 · Bar | <0.1% | 114,635€ | +26.3% | 10,753€ | 9.4% | 2 | 723€ |
| 1368 | Familija Company03113248 · Herceg Novi | <0.1% | 114,483€ | -6.0% | -281€ | -0.2% | 4 | 660€ |
| 1369 | Taverna Vukoje03294986 · Budva | <0.1% | 114,280€ | +26.5% | 13,775€ | 12.1% | 2 | 829€ |
| 1370 | Etno Katun03508501 · Žabljak | <0.1% | 113,962€ | +5.0% | -9,475€ | -8.3% | 4 | 674€ |
| 1371 | M10M03307379 · Podgorica | <0.1% | 113,858€ | +125.8% | -16,257€ | -14.3% | 5 | 499€ |
| 1372 | Fortress03110494 · Cetinje | <0.1% | 113,763€ | -14.5% | -33,949€ | -29.8% | 3 | 1,921€ |
| 1373 | Bellavista02115123 · Ulcinj | <0.1% | 113,688€ | -12.1% | 13,015€ | 11.4% | 5 | 821€ |
| 1374 | Impact02866277 · Tivat | <0.1% | 113,683€ | -7.3% | -12,331€ | -10.8% | 4 | 888€ |
| 1375 | Rina Solutions03651142 · Herceg Novi | <0.1% | 113,365€ | +20.4% | -1,297€ | -1.1% | 5 | 666€ |
| 1376 | Bero i Ortaci02339986 · Podgorica | <0.1% | 113,151€ | +12.1% | 3,596€ | 3.2% | 6 | 664€ |
| 1377 | Balević M&M03367584 · Berane | <0.1% | 112,908€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,905€ | -25.6% | 5 | 1,009€ |
| 1378 | Senjal03315002 · Tivat | <0.1% | 112,676€ | +1.5% | 1,544€ | 1.4% | 3 | 1,484€ |
| 1379 | 3 B System02854465 · Podgorica | <0.1% | 112,536€ | -6.4% | 8,591€ | 7.6% | 3 | 1,034€ |
| 1380 | Šuvački03180948 · Kotor | <0.1% | 112,513€ | +18.9% | 8,870€ | 7.9% | 2 | 1,494€ |
| 1381 | Veprino03196232 · Herceg Novi | <0.1% | 112,459€ | +15.8% | 13,077€ | 11.6% | 3 | 616€ |
| 1382 | V303414981 · Podgorica | <0.1% | 112,456€ | +20.9% | -5,885€ | -5.2% | 3 | 1,558€ |
| 1383 | Velmare03136108 · Budva | <0.1% | 112,291€ | +11.4% | 2,304€ | 2.1% | 3 | 797€ |
| 1384 | Max Prestige02421151 · Budva | <0.1% | 112,206€ | -24.8% | -58,713€ | -52.3% | 6 | 752€ |
| 1385 | Dodge02325683 · Nikšić | <0.1% | 112,186€ | -11.5% | 3,893€ | 3.5% | 4 | 758€ |
| 1386 | Lasta M&L03353010 · Bijelo Polje | <0.1% | 112,116€ | +31.1% | 1,281€ | 1.1% | 5 | 550€ |
| 1387 | Elektrosistem Čavić03623785 · Danilovgrad | <0.1% | 111,998€ | +71.5% | 203€ | 0.2% | 3 | 711€ |
| 1388 | Prosport03570509 · Budva | <0.1% | 111,948€ | +2,324.7% | 10,783€ | 9.6% | 2 | 1,328€ |
| 1389 | Urim & Alba02674432 · Ulcinj | <0.1% | 111,522€ | -3.9% | -5,056€ | -4.5% | 6 | 899€ |
| 1390 | Buka Company03744108 · Budva | <0.1% | 111,281€ | No filing for 2024. | -198,022€ | -177.9% | 8 | 444€ |
| 1391 | Madrid 803192377 · Budva | <0.1% | 111,128€ | -45.0% | -28,050€ | -25.2% | 3 | 570€ |
| 1392 | Miško Tours03243923 · Bar | <0.1% | 111,007€ | +132.6% | 3,424€ | 3.1% | 5 | 691€ |
| 1393 | Vivon03723828 · Budva | <0.1% | 110,959€ | No filing for 2024. | -58,345€ | -52.6% | 2 | 2,599€ |
| 1394 | Shalom02902923 · Budva | <0.1% | 110,932€ | +219.6% | 3,648€ | 3.3% | 2 | 510€ |
| 1395 | Paradise Beach03084051 · Ulcinj | <0.1% | 110,632€ | +41.9% | -26,097€ | -23.6% | 2 | 345€ |
| 1396 | Fratelo In03029948 · Podgorica | <0.1% | 110,446€ | -3.5% | -8,832€ | -8.0% | 3 | 997€ |
| 1397 | Coffee World03565912 · Podgorica | <0.1% | 110,392€ | +2.0% | -12,580€ | -11.4% | 4 | 940€ |
| 1398 | Par-Nepar03264009 · Podgorica | <0.1% | 110,178€ | +1.4% | 5,567€ | 5.1% | 3 | 518€ |
| 1399 | Porto Sole02910535 · Bar | <0.1% | 109,249€ | +41.0% | 19,943€ | 18.3% | 2 | 803€ |
| 1400 | ŠTP International03447588 · Tivat | <0.1% | 109,177€ | +64.9% | 1,883€ | 1.7% | 4 | 761€ |