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 1801–1850 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* |
|---|
| 1801 | Venus Group03651487 · Budva | <0.1% | 56,105€ | +131.8% | -33,411€ | -59.6% | 3 | 779€ |
| 1802 | Turistička Agencija Pejić Tours03082113 · Ulcinj | <0.1% | 56,000€ | 0.0% | -28,033€ | -50.1% | 1 | 600€ |
| 1803 | Friends Caffe03314367 · Ulcinj | <0.1% | 55,833€ | +32.6% | -1,161€ | -2.1% | 4 | 481€ |
| 1804 | Mbatelje03505308 · Budva | <0.1% | 55,812€ | +1.4% | -14,685€ | -26.3% | 2 | 876€ |
| 1805 | Agapi02742080 · Budva | <0.1% | 55,657€ | -10.7% | 1,252€ | 2.2% | 2 | 680€ |
| 1806 | Tavlasa02625504 · Podgorica | <0.1% | 55,454€ | +19.2% | 4,227€ | 7.6% | 3 | 707€ |
| 1807 | Pit Stop Team03562611 · Bar | <0.1% | 55,450€ | +104.1% | -12,353€ | -22.3% | 1 | 733€ |
| 1808 | Lind03348717 · Tuzi | <0.1% | 55,390€ | +79.7% | -8,819€ | -15.9% | 2 | — |
| 1809 | Ireo Construction03576981 · Podgorica | <0.1% | 55,368€ | +254.9% | -30,566€ | -55.2% | 4 | 802€ |
| 1810 | Braca Spaic03758257 · Herceg Novi | <0.1% | 55,253€ | No filing for 2024. | 9,831€ | 17.8% | 3 | 653€ |
| 1811 | Nik 2103366952 · Andrijevica | <0.1% | 55,180€ | +74.2% | -3,217€ | -5.8% | 6 | 540€ |
| 1812 | L & J03365123 · Budva | <0.1% | 55,066€ | +9.3% | 164€ | 0.3% | 1 | 865€ |
| 1813 | Umac03414426 · Nikšić | <0.1% | 54,973€ | +2.2% | 227€ | 0.4% | 4 | 619€ |
| 1814 | Tina-TB03640736 · Berane | <0.1% | 54,935€ | +58.4% | 5,075€ | 9.2% | 4 | 625€ |
| 1815 | Potonja Luka03264696 · Cetinje | <0.1% | 54,876€ | +12.7% | -28,616€ | -52.1% | 1 | 492€ |
| 1816 | Pasta Giorno03536203 · Budva | <0.1% | 54,861€ | -2.6% | 1,354€ | 2.5% | 3 | 444€ |
| 1817 | Ases02375419 · Podgorica | <0.1% | 54,847€ | +22.8% | -8,263€ | -15.1% | 4 | 518€ |
| 1818 | Kaffadzus03693767 · Budva | <0.1% | 54,780€ | +67,529.6% | -46,056€ | -84.1% | 4 | 956€ |
| 1819 | TT-Company03151034 · Podgorica | <0.1% | 54,667€ | +32.8% | 4,805€ | 8.8% | 3 | 681€ |
| 1820 | RHB Group03122387 · Budva | <0.1% | 54,621€ | -38.0% | -30,395€ | -55.6% | 4 | 713€ |
| 1821 | Preko Puta...03481638 · Bijelo Polje | <0.1% | 54,543€ | +73.0% | 745€ | 1.4% | 2 | 1,898€ |
| 1822 | A&S Caffe03680002 · Podgorica | <0.1% | 54,520€ | +491.6% | -6,387€ | -11.7% | 3 | 512€ |
| 1823 | Ero02661241 · Tivat | <0.1% | 54,492€ | +61.6% | 4,656€ | 8.5% | 1 | 948€ |
| 1824 | 3 Up03719723 · Bar | <0.1% | 54,385€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 745€ | 1.4% | 3 | 433€ |
| 1825 | Begović Company03654184 · Nikšić | <0.1% | 54,349€ | +42.8% | -5,270€ | -9.7% | 3 | 711€ |
| 1826 | Buradi03272044 · Herceg Novi | <0.1% | 54,308€ | +41.6% | -15,658€ | -28.8% | 2 | 357€ |
| 1827 | Osal Estate03540332 · Budva | <0.1% | 54,300€ | +29.2% | 1,460€ | 2.7% | 1 | 1,062€ |
| 1828 | Dim Food03570371 · Herceg Novi | <0.1% | 54,064€ | +55.3% | 3,885€ | 7.2% | 3 | — |
| 1829 | Milinbest03188043 · Kotor | <0.1% | 54,038€ | +0.1% | 700€ | 1.3% | 2 | 728€ |
| 1830 | La Vista 2203418316 · Nikšić | <0.1% | 53,983€ | +119.2% | 2,774€ | 5.1% | 1 | 788€ |
| 1831 | Urban Distribution03362736 · Podgorica | <0.1% | 53,927€ | -39.0% | -18,464€ | -34.2% | 1 | 937€ |
| 1832 | Tepsei03699277 · Herceg Novi | <0.1% | 53,779€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,958€ | -27.8% | 4 | 536€ |
| 1833 | Hotel Lejla03414949 · Ulcinj | <0.1% | 53,631€ | -28.7% | -60,380€ | -112.6% | 3 | 524€ |
| 1834 | T&T03225640 · Podgorica | <0.1% | 53,515€ | +637.8% | -2,889€ | -5.4% | 2 | 720€ |
| 1835 | Exclusive Adriatic03720209 · Bar | <0.1% | 53,345€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 149€ | 0.3% | 3 | 554€ |
| 1836 | Din 88803438074 · Cetinje | <0.1% | 53,324€ | +53.3% | 1,503€ | 2.8% | 2 | 501€ |
| 1837 | Mid Company03369706 · Bijelo Polje | <0.1% | 53,259€ | +10.5% | 2,559€ | 4.8% | 3 | 1,380€ |
| 1838 | As & sa03105342 · Budva | <0.1% | 52,874€ | No filing for 2024. | -3,136€ | -5.9% | 0 | — |
| 1839 | Mil Mil03302253 · Podgorica | <0.1% | 52,841€ | +37.3% | -13,621€ | -25.8% | 3 | 578€ |
| 1840 | Kalu Plus03090027 · Podgorica | <0.1% | 52,777€ | -1.8% | 1,059€ | 2.0% | 4 | — |
| 1841 | N.T. Communication02446545 · Herceg Novi | <0.1% | 52,335€ | +203.5% | 16,679€ | 31.9% | 1 | 1,231€ |
| 1842 | Owl Logistik03451151 · Budva | <0.1% | 52,072€ | +1,694.3% | 9,661€ | 18.6% | 3 | 557€ |
| 1843 | Jaz-Jazz03048390 · Budva | <0.1% | 52,007€ | -66.5% | -29,851€ | -57.4% | 1 | 2,855€ |
| 1844 | RGB Božović03633373 · Bar | <0.1% | 51,981€ | +49.9% | 330€ | 0.6% | 2 | 577€ |
| 1845 | Radan - Company03205223 · Budva | <0.1% | 51,835€ | -29.0% | 499€ | 1.0% | 2 | 702€ |
| 1846 | Camp Lipovo03305872 | <0.1% | 51,798€ | -27.7% | 4,841€ | 9.3% | 3 | 674€ |
| 1847 | B.D.T.- Company02831325 · Podgorica | <0.1% | 51,769€ | +19.9% | 4,803€ | 9.3% | 3 | 509€ |
| 1848 | Austropol03781852 · Nikšić | <0.1% | 51,619€ | No filing for 2024. | 31,700€ | 61.4% | 1 | 328€ |
| 1849 | Gaga Trend02414660 · Budva | <0.1% | 51,547€ | -10.9% | -21,242€ | -41.2% | 4 | 905€ |
| 1850 | Deniz Holidays03701719 · Budva | <0.1% | 51,432€ | No filing for 2024. | -771€ | -1.5% | 2 | 672€ |