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 1651–1700 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* |
|---|
| 1651 | Adam & Eva03647609 · Herceg Novi | <0.1% | 73,467€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -45,944€ | -62.5% | 5 | 596€ |
| 1652 | Poslastičarnica Montenegro -M03046508 · Budva | <0.1% | 73,016€ | +38.0% | -15,798€ | -21.6% | 2 | 1,066€ |
| 1653 | Mamm03182690 · Nikšić | <0.1% | 72,792€ | +32.5% | -9,538€ | -13.1% | 2 | 1,006€ |
| 1654 | Hanos03031357 · Podgorica | <0.1% | 72,747€ | +12.9% | 4,229€ | 5.8% | 2 | 669€ |
| 1655 | Food & Beverage03400786 · Budva | <0.1% | 72,658€ | +90.1% | 18,606€ | 25.6% | 4 | 377€ |
| 1656 | K&E Monte Group03640914 · Budva | <0.1% | 72,557€ | +0.2% | -8,029€ | -11.1% | 2 | 766€ |
| 1657 | Eraresto03725090 · Podgorica | <0.1% | 72,536€ | No filing for 2024. | -11,583€ | -16.0% | 0 | — |
| 1658 | KB Kosiakov03520218 · Bar | <0.1% | 72,468€ | -74.5% | -22,243€ | -30.7% | 6 | 342€ |
| 1659 | Viola Di Mare03168581 · Budva | <0.1% | 72,410€ | +22.4% | -7,771€ | -10.7% | 1 | 791€ |
| 1660 | Malo Selo03204235 · Herceg Novi | <0.1% | 72,016€ | -32.8% | -34,826€ | -48.4% | 3 | 967€ |
| 1661 | Passione03616274 · Podgorica | <0.1% | 72,000€ | -77.3% | -21,487€ | -29.8% | 1 | 1,861€ |
| 1662 | Melograno03626563 · Tivat | <0.1% | 71,819€ | +215.5% | -3,550€ | -4.9% | 2 | 911€ |
| 1663 | Val - Spič03258793 · Bar | <0.1% | 71,616€ | +15.1% | 441€ | 0.6% | 3 | 672€ |
| 1664 | Gor Pont03363236 · Budva | <0.1% | 71,596€ | +28.8% | 5,494€ | 7.7% | 3 | 833€ |
| 1665 | Bakilaki Company03642933 · Danilovgrad | <0.1% | 71,594€ | +52.1% | 600€ | 0.8% | 2 | 889€ |
| 1666 | Kolašin Resort & Spa03084108 · Podgorica | <0.1% | 71,297€ | +40.0% | -52,451€ | -73.6% | 3 | 944€ |
| 1667 | Demmi Team03731600 · Podgorica | <0.1% | 71,276€ | No filing for 2024. | -4,856€ | -6.8% | 3 | 538€ |
| 1668 | B & o Co03512231 · Kotor | <0.1% | 71,229€ | -8.7% | -5,198€ | -7.3% | 2 | 675€ |
| 1669 | Adria Nord03374319 · Nikšić | <0.1% | 71,222€ | +28.9% | 18,880€ | 26.5% | 1 | 675€ |
| 1670 | Te Ortaket03237567 · Ulcinj | <0.1% | 71,086€ | -13.3% | 2,514€ | 3.5% | 2 | 970€ |
| 1671 | Apartments Aerodrom03730298 · Zeta | <0.1% | 70,995€ | No filing for 2024. | 9,532€ | 13.4% | 0 | — |
| 1672 | Fordewind Nik03577384 · Herceg Novi | <0.1% | 70,854€ | +971.6% | 14,456€ | 20.4% | 2 | 616€ |
| 1673 | Maks & Alinex03396355 · Tivat | <0.1% | 70,672€ | -10.5% | 606€ | 0.9% | 3 | 755€ |
| 1674 | Portidjena Vista03643999 · Herceg Novi | <0.1% | 70,507€ | +65.2% | 6,621€ | 9.4% | 3 | 501€ |
| 1675 | Mia Angela03445828 · Ulcinj | <0.1% | 70,468€ | +22.8% | 871€ | 1.2% | 2 | 707€ |
| 1676 | Pretorian03396959 · Herceg Novi | <0.1% | 70,069€ | -4.3% | 895€ | 1.3% | 5 | 412€ |
| 1677 | DAJ.ME03130070 · Kolašin | <0.1% | 69,861€ | +20.3% | -18,189€ | -26.0% | 2 | 698€ |
| 1678 | Bluemountion03603334 · Tivat | <0.1% | 69,854€ | +1.5% | -21,520€ | -30.8% | 1 | 1,585€ |
| 1679 | Bela Roza03059553 · Tivat | <0.1% | 69,702€ | +16.1% | -242,155€ | -347.4% | 5 | 933€ |
| 1680 | Vujanović02193027 · Nikšić | <0.1% | 69,436€ | +17.6% | -4,313€ | -6.2% | 1 | 927€ |
| 1681 | Naj - Company02757915 · Podgorica | <0.1% | 69,257€ | +87.3% | 4,685€ | 6.8% | 2 | 577€ |
| 1682 | Rakija Shop03318826 · Podgorica | <0.1% | 69,226€ | +20.3% | 702€ | 1.0% | 2 | 392€ |
| 1683 | Dubravuška02769069 · Kotor | <0.1% | 69,112€ | -14.5% | -36,671€ | -53.1% | 2 | 741€ |
| 1684 | Sveti Nikola Turs Grozdanovski03251977 · Budva | <0.1% | 68,924€ | +149.2% | 397€ | 0.6% | 2 | 569€ |
| 1685 | Tag Pub03234886 · Berane | <0.1% | 68,762€ | +152.3% | -15,010€ | -21.8% | 4 | 1,088€ |
| 1686 | Vertigo Company03350185 · Budva | <0.1% | 68,657€ | +131.4% | 1,786€ | 2.6% | 3 | 592€ |
| 1687 | Adi02934728 · Pljevlja | <0.1% | 68,607€ | +12.9% | 944€ | 1.4% | 4 | 664€ |
| 1688 | M&N Holiday Resort03638367 · Ulcinj | <0.1% | 68,449€ | +160.7% | -24,590€ | -35.9% | 4 | 716€ |
| 1689 | Mažijanik Hotel03669670 · Nikšić | <0.1% | 68,351€ | +600.3% | -2,813€ | -4.1% | 2 | 945€ |
| 1690 | Amadeus SM02863669 · Plav | <0.1% | 68,231€ | -14.6% | -8,537€ | -12.5% | 4 | 1,090€ |
| 1691 | 4 Vino03623548 · Podgorica | <0.1% | 67,795€ | +747.4% | -62,820€ | -92.7% | 5 | 810€ |
| 1692 | Burzo Company03709833 · Podgorica | <0.1% | 67,795€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -280€ | -0.4% | 2 | 480€ |
| 1693 | Sweet&Salty03562662 · Kotor | <0.1% | 67,790€ | +21.2% | -122€ | -0.2% | 2 | 752€ |
| 1694 | Mateo-Teo03691772 · Tuzi | <0.1% | 67,780€ | +203.5% | 66€ | 0.1% | 3 | 541€ |
| 1695 | Tomo Trade03004791 · Podgorica | <0.1% | 67,690€ | +108.5% | 20,805€ | 30.7% | 2 | 820€ |
| 1696 | Basilico03416313 · Podgorica | <0.1% | 67,537€ | +4.8% | -1,668€ | -2.5% | 2 | 678€ |
| 1697 | Menex03443183 · Rožaje | <0.1% | 67,290€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,113€ | 21.0% | 2 | 885€ |
| 1698 | Karadžić03148980 · Danilovgrad | <0.1% | 67,103€ | +24.6% | -1,019€ | -1.5% | 3 | 677€ |
| 1699 | Follow Montenegro03112896 · Berane | <0.1% | 67,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,416€ | -26.0% | 5 | 965€ |
| 1700 | Salinas Nest03528286 · Ulcinj | <0.1% | 66,891€ | +23.0% | 24,753€ | 37.0% | 3 | 410€ |