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 1401–1450 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* |
|---|
| 1401 | WL Job03091295 · Ulcinj | <0.1% | 108,954€ | +8.6% | 35,803€ | 32.9% | 2 | 525€ |
| 1402 | Lana02432935 · Kotor | <0.1% | 108,818€ | -32.1% | -38,924€ | -35.8% | 7 | 755€ |
| 1403 | Veljko02787377 · Budva | <0.1% | 108,761€ | +3.7% | 27,152€ | 25.0% | 2 | 744€ |
| 1404 | Meta03096530 · Podgorica | <0.1% | 108,701€ | +0.0% | 9,393€ | 8.6% | 3 | 764€ |
| 1405 | Ekko03355152 · Ulcinj | <0.1% | 108,590€ | -11.6% | 698€ | 0.6% | 4 | 739€ |
| 1406 | Roots03679489 · Podgorica | <0.1% | 108,295€ | +3,068.4% | 4,584€ | 4.2% | 4 | 740€ |
| 1407 | Vojvodić Co03037436 · Herceg Novi | <0.1% | 108,255€ | +40.5% | 37,459€ | 34.6% | 2 | 659€ |
| 1408 | Liscom02662779 · Cetinje | <0.1% | 108,207€ | +29.5% | 2,781€ | 2.6% | 4 | 591€ |
| 1409 | Avangard Hotels & Restaurants03163814 · Danilovgrad | <0.1% | 108,174€ | -23.6% | -621€ | -0.6% | 6 | 738€ |
| 1410 | DA&DA02697718 · Pljevlja | <0.1% | 107,931€ | +25.1% | 2,582€ | 2.4% | 7 | 499€ |
| 1411 | Akvadukt02752433 · Bar | <0.1% | 107,883€ | -0.6% | 3,127€ | 2.9% | 3 | 1,331€ |
| 1412 | Rakonje03183777 · Podgorica | <0.1% | 107,793€ | +41.9% | 3,639€ | 3.4% | 4 | 617€ |
| 1413 | Koncept02779790 · Podgorica | <0.1% | 107,752€ | +8.7% | 12,004€ | 11.1% | 3 | 828€ |
| 1414 | F.O. Trade02840430 · Podgorica | <0.1% | 107,142€ | -6.5% | 2,934€ | 2.7% | 6 | 656€ |
| 1415 | Borsalin XXL03461068 · Tivat | <0.1% | 107,086€ | +41.5% | 3,401€ | 3.2% | 2 | 981€ |
| 1416 | Maxper03309126 · Budva | <0.1% | 106,998€ | +3.1% | -18,227€ | -17.0% | 4 | 805€ |
| 1417 | Montcaffe03007464 · Podgorica | <0.1% | 106,974€ | +14.5% | 146€ | 0.1% | 5 | 657€ |
| 1418 | Izvodjac Mne03177955 · Podgorica | <0.1% | 106,968€ | +0.6% | 664€ | 0.6% | 6 | 1,322€ |
| 1419 | Dinka03419657 · Bar | <0.1% | 106,830€ | +28.3% | 3,886€ | 3.6% | 5 | — |
| 1420 | Prorelax03419215 · Bar | <0.1% | 106,487€ | +94.6% | -1,964€ | -1.8% | 6 | 495€ |
| 1421 | Roštilj Nino Janković02658933 · Podgorica | <0.1% | 106,266€ | -1.4% | -6,351€ | -6.0% | 5 | 698€ |
| 1422 | Bomags03114325 · Podgorica | <0.1% | 106,131€ | +23.9% | 6,748€ | 6.4% | 4 | 887€ |
| 1423 | Intel02343592 · Budva | <0.1% | 106,112€ | -35.6% | 53€ | 0.0% | 3 | 1,374€ |
| 1424 | Mais - Ik02710471 · Bar | <0.1% | 105,894€ | -22.8% | -140,264€ | -132.5% | 1 | 868€ |
| 1425 | Mangica03171094 · Cetinje | <0.1% | 105,583€ | -15.7% | -76,526€ | -72.5% | 3 | 2,519€ |
| 1426 | Zagrađe03017320 · Podgorica | <0.1% | 105,315€ | -2.4% | 20,296€ | 19.3% | 2 | 452€ |
| 1427 | Madera MD03000117 · Žabljak | <0.1% | 105,081€ | -70.6% | 72€ | 0.1% | 3 | 810€ |
| 1428 | Marinus03438376 · Ulcinj | <0.1% | 104,610€ | -35.5% | -22,666€ | -21.7% | 6 | 728€ |
| 1429 | Minga03338517 · Podgorica | <0.1% | 104,321€ | -25.1% | -20,500€ | -19.7% | 3 | 755€ |
| 1430 | Julia's-Nest03460215 · Berane | <0.1% | 104,291€ | -20.5% | -36,973€ | -35.5% | 7 | 1,210€ |
| 1431 | Školski Barista03308103 · Bar | <0.1% | 104,264€ | +63.1% | 1,576€ | 1.5% | 5 | 629€ |
| 1432 | Superba02869276 · Kotor | <0.1% | 103,697€ | +19,428.6% | 57,251€ | 55.2% | 1 | 1,439€ |
| 1433 | Tehnokommers Company03628817 · Tivat | <0.1% | 103,672€ | +296.2% | -36,615€ | -35.3% | 2 | 1,910€ |
| 1434 | Best Sunset03324869 · Bar | <0.1% | 103,310€ | -18.9% | 12,191€ | 11.8% | 2 | 587€ |
| 1435 | Merak02814706 · Petnjica | <0.1% | 103,152€ | +0.8% | 4,110€ | 4.0% | 5 | 713€ |
| 1436 | M.B. Bonaca02456583 · Budva | <0.1% | 102,936€ | +1.9% | 2,426€ | 2.4% | 3 | 833€ |
| 1437 | M.C.D. Group03246183 · Bar | <0.1% | 102,531€ | -18.7% | -25,857€ | -25.2% | 5 | 976€ |
| 1438 | Touchandgo03593797 · Budva | <0.1% | 102,349€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -87,325€ | -85.3% | 10 | 593€ |
| 1439 | ML Mitric03462412 · Podgorica | <0.1% | 101,673€ | +12.2% | 1,094€ | 1.1% | 4 | — |
| 1440 | Brothers A&P03751155 · Danilovgrad | <0.1% | 101,638€ | No filing for 2024. | -83,449€ | -82.1% | 10 | — |
| 1441 | Fjaka03524159 · Herceg Novi | <0.1% | 101,480€ | -15.5% | -13,870€ | -13.7% | 3 | 978€ |
| 1442 | Ariana.Company03364674 · Tuzi | <0.1% | 101,416€ | +1.0% | 5,931€ | 5.8% | 2 | 790€ |
| 1443 | MSD Sistem03367240 · Herceg Novi | <0.1% | 101,347€ | +3.7% | 15,467€ | 15.3% | 3 | 802€ |
| 1444 | Skrbuša02716658 · Kolašin | <0.1% | 101,162€ | +15.0% | 3,752€ | 3.7% | 4 | 731€ |
| 1445 | Ideal - Visitor03113345 · Podgorica | <0.1% | 101,110€ | -8.2% | 724€ | 0.7% | 3 | 458€ |
| 1446 | Lovćen-Bečići02025558 · Cetinje | <0.1% | 100,664€ | -24.2% | 895€ | 0.9% | 28 | — |
| 1447 | Porto Bjelila03155510 · Tivat | <0.1% | 100,560€ | -22.1% | -16,271€ | -16.2% | 6 | 565€ |
| 1448 | Asimgard03661083 · Budva | <0.1% | 100,507€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,728€ | -21.6% | 4 | 732€ |
| 1449 | Mona03118371 · Budva | <0.1% | 100,484€ | +9.7% | -5,855€ | -5.8% | 7 | 459€ |
| 1450 | Bogmar03101916 · Podgorica | <0.1% | 100,465€ | +11.8% | 12,072€ | 12.0% | 2 | 700€ |