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 1451–1500 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* |
|---|
| 1451 | Ellena Group02292408 · Herceg Novi | <0.1% | 100,406€ | -13.3% | 3,377€ | 3.4% | 3 | 669€ |
| 1452 | Boka BB03747727 · Herceg Novi | <0.1% | 99,901€ | No filing for 2024. | 2,431€ | 2.4% | 3 | 539€ |
| 1453 | Ma and Pe03536483 · Kotor | <0.1% | 99,900€ | +4.5% | -2,666€ | -2.7% | 2 | 2,115€ |
| 1454 | Sinbia03263568 · Budva | <0.1% | 99,798€ | +254.3% | 35,473€ | 35.5% | 2 | 419€ |
| 1455 | Šekularac Company02790858 · Bar | <0.1% | 99,672€ | +2.9% | 5,792€ | 5.8% | 3 | 984€ |
| 1456 | Jasa02935066 · Budva | <0.1% | 99,611€ | -44.8% | -21,973€ | -22.1% | 3 | 450€ |
| 1457 | Maša S03167097 · Berane | <0.1% | 99,597€ | +17.4% | 5,326€ | 5.3% | 3 | 731€ |
| 1458 | Skala Ortaci03449963 · Rožaje | <0.1% | 99,457€ | +14.4% | 226€ | 0.2% | 5 | 752€ |
| 1459 | La Vie Company03566854 · Herceg Novi | <0.1% | 99,144€ | +24.1% | 10,442€ | 10.5% | 3 | 1,230€ |
| 1460 | Montenegro Catering03635864 · Bar | <0.1% | 99,027€ | +55.8% | 12,105€ | 12.2% | 3 | 686€ |
| 1461 | Ikas03486397 · Budva | <0.1% | 98,680€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,436€ | 1.5% | 3 | 1,002€ |
| 1462 | Mafi Mne03394077 · Podgorica | <0.1% | 98,640€ | +2.7% | -9,509€ | -9.6% | 5 | 512€ |
| 1463 | Anarb02928094 · Ulcinj | <0.1% | 98,248€ | +11.6% | 9,864€ | 10.0% | 4 | 665€ |
| 1464 | Gesseg03031730 · Bijelo Polje | <0.1% | 98,071€ | +20.3% | 402€ | 0.4% | 5 | 667€ |
| 1465 | Krays02650886 · Budva | <0.1% | 97,953€ | +0.1% | -75,482€ | -77.1% | 1 | 2,858€ |
| 1466 | Asparagus03394123 · Tivat | <0.1% | 97,810€ | +38.5% | -12,119€ | -12.4% | 5 | 753€ |
| 1467 | Rabbit02372509 · Bar | <0.1% | 97,785€ | -5.6% | -15,304€ | -15.7% | 6 | 674€ |
| 1468 | Dis Gold03128865 · Pljevlja | <0.1% | 97,607€ | -15.3% | 2,214€ | 2.3% | 6 | 675€ |
| 1469 | Acm Group03310086 · Bijelo Polje | <0.1% | 97,410€ | +28.4% | 895€ | 0.9% | 2 | 1,050€ |
| 1470 | King S&G03427528 · Podgorica | <0.1% | 97,297€ | +20.4% | -10,341€ | -10.6% | 5 | 563€ |
| 1471 | Kairos Mne02679400 · Herceg Novi | <0.1% | 97,248€ | -8.7% | -34,578€ | -35.6% | 5 | 772€ |
| 1472 | Ameno03257177 · Herceg Novi | <0.1% | 97,236€ | +10.1% | 6,615€ | 6.8% | 2 | 779€ |
| 1473 | Texas Co03112578 · Bijelo Polje | <0.1% | 97,222€ | +29.1% | 2,801€ | 2.9% | 5 | 1,181€ |
| 1474 | Ellcoffee03383881 · Herceg Novi | <0.1% | 97,092€ | -11.9% | -26,060€ | -26.8% | 8 | 761€ |
| 1475 | Sirena Company02704552 · Tivat | <0.1% | 97,087€ | -10.4% | -1,235€ | -1.3% | 5 | 780€ |
| 1476 | Bun03137902 · Budva | <0.1% | 96,823€ | +11.6% | 9,709€ | 10.0% | 2 | 569€ |
| 1477 | Formaggio03134016 · Herceg Novi | <0.1% | 96,607€ | +41.5% | 8,925€ | 9.2% | 3 | 772€ |
| 1478 | Centros03236684 · Podgorica | <0.1% | 96,021€ | +11.9% | 10,054€ | 10.5% | 3 | 629€ |
| 1479 | MM Playroom03280209 · Kotor | <0.1% | 95,775€ | +21.8% | 2,346€ | 2.4% | 4 | 1,034€ |
| 1480 | 199403236927 · Podgorica | <0.1% | 95,579€ | -8.3% | 2,398€ | 2.5% | 2 | 746€ |
| 1481 | Ant Company03367762 · Budva | <0.1% | 95,525€ | +22.8% | 36,475€ | 38.2% | 4 | 410€ |
| 1482 | Liria-Hotel02910144 · Tuzi | <0.1% | 95,472€ | -15.1% | -24,975€ | -26.2% | 5 | 610€ |
| 1483 | Rosmarino03657507 · Kotor | <0.1% | 95,429€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,445€ | 10.9% | 2 | 880€ |
| 1484 | MMS CO.03412962 · Herceg Novi | <0.1% | 95,379€ | -16.1% | -9,433€ | -9.9% | 3 | 882€ |
| 1485 | Wizard DND03087794 · Nikšić | <0.1% | 95,231€ | +1,222.7% | 35,390€ | 37.2% | 2 | 578€ |
| 1486 | Div Montenegro03236200 · Budva | <0.1% | 95,041€ | -13.7% | 3,216€ | 3.4% | 2 | 1,256€ |
| 1487 | RBR International02807084 · Budva | <0.1% | 94,989€ | +820.3% | -9,406€ | -9.9% | 2 | 1,151€ |
| 1488 | Carpe Diem Boka Bay03047164 · Kotor | <0.1% | 94,782€ | -39.3% | 694€ | 0.7% | 3 | 796€ |
| 1489 | Ima Dana i Kafana03647137 · Pljevlja | <0.1% | 94,608€ | +49.7% | 2,900€ | 3.1% | 5 | 678€ |
| 1490 | In-Stel Company03338690 · Podgorica | <0.1% | 94,538€ | +7.8% | -5,059€ | -5.4% | 3 | 728€ |
| 1491 | Timm Group03205339 · Gusinje | <0.1% | 94,225€ | -25.9% | 8,843€ | 9.4% | 2 | 521€ |
| 1492 | Ambiente&Co03259790 · Ulcinj | <0.1% | 94,165€ | -19.3% | -1,633€ | -1.7% | 4 | 535€ |
| 1493 | Heds 9503471870 · Budva | <0.1% | 93,910€ | +2.6% | 3,745€ | 4.0% | 4 | 681€ |
| 1494 | Gile Group03238784 · Podgorica | <0.1% | 93,884€ | -11.5% | 2,936€ | 3.1% | 3 | 915€ |
| 1495 | Drobni Pijesak02401452 · Budva | <0.1% | 93,761€ | -0.4% | -2,024€ | -2.2% | 4 | 859€ |
| 1496 | Din-Iman03151921 · Bijelo Polje | <0.1% | 93,662€ | +80.3% | 17,871€ | 19.1% | 4 | 553€ |
| 1497 | LKL Enterprises03635406 · Podgorica | <0.1% | 93,454€ | +513.0% | 2,894€ | 3.1% | 3 | 737€ |
| 1498 | Aaa Bagrem03416577 · Nikšić | <0.1% | 93,323€ | -8.2% | -2,047€ | -2.2% | 6 | 656€ |
| 1499 | Pešca Plus03100707 · Berane | <0.1% | 92,979€ | +36.2% | 14,745€ | 15.9% | 2 | 1,589€ |
| 1500 | Primo02809613 · Herceg Novi | <0.1% | 92,872€ | +140.0% | 845€ | 0.9% | 2 | 2,078€ |