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 1851–1900 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* |
|---|
| 1851 | 101 Caffe03700542 · Herceg Novi | <0.1% | 51,388€ | +5,214.2% | -12,675€ | -24.7% | 3 | 735€ |
| 1852 | S&H Company03749029 · Ulcinj | <0.1% | 51,355€ | No filing for 2024. | -7,077€ | -13.8% | 1 | 483€ |
| 1853 | Ve-Gord03420434 · Podgorica | <0.1% | 51,338€ | +31.6% | 1,282€ | 2.5% | 2 | 423€ |
| 1854 | Cura Co02833204 · Bar | <0.1% | 51,306€ | +22.8% | 3,075€ | 6.0% | 3 | 564€ |
| 1855 | Primafila03297209 · Ulcinj | <0.1% | 51,291€ | +5,029.1% | 37,267€ | 72.7% | 1 | — |
| 1856 | Fratria03499979 · Herceg Novi | <0.1% | 51,007€ | +24.2% | 5,511€ | 10.8% | 2 | 425€ |
| 1857 | Izviđački Centar Stoliv02994062 · Kotor | <0.1% | 51,000€ | +4.1% | 910€ | 1.8% | 1 | 474€ |
| 1858 | Kafemat Company03378144 · Nikšić | <0.1% | 50,957€ | +32.9% | 5,489€ | 10.8% | 3 | 439€ |
| 1859 | Good Apetit03352528 · Podgorica | <0.1% | 50,885€ | +17.7% | 1,719€ | 3.4% | 2 | 509€ |
| 1860 | Porto Com03090248 · Bar | <0.1% | 50,872€ | +22.7% | -20,659€ | -40.6% | 3 | 534€ |
| 1861 | Rigo03289494 · Ulcinj | <0.1% | 50,837€ | +18.4% | -23,348€ | -45.9% | 3 | 580€ |
| 1862 | Džoli03260917 · Herceg Novi | <0.1% | 50,829€ | -21.9% | -9,041€ | -17.8% | 3 | 880€ |
| 1863 | Monte Min03227936 · Berane | <0.1% | 50,676€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,144€ | -14.1% | 2 | 1,254€ |
| 1864 | Agape MG03130614 · Bar | <0.1% | 50,654€ | -1.4% | -9,532€ | -18.8% | 2 | 831€ |
| 1865 | Panorama Tour02391724 · Ulcinj | <0.1% | 50,619€ | -46.1% | 6,454€ | 12.8% | 2 | 674€ |
| 1866 | Zen Company03776832 · Bijelo Polje | <0.1% | 50,606€ | No filing for 2024. | 7,951€ | 15.7% | 5 | — |
| 1867 | BDMNMS Company03576671 · Budva | <0.1% | 50,370€ | +12.2% | -14,064€ | -27.9% | 2 | 986€ |
| 1868 | Berkds Company03471144 · Budva | <0.1% | 50,216€ | +51.9% | -2,754€ | -5.5% | 2 | 664€ |
| 1869 | Ajm Turs03465675 · Cetinje | <0.1% | 50,185€ | +25.6% | 1,979€ | 3.9% | 1 | 1,159€ |
| 1870 | La Fabrica Group03674908 · Podgorica | <0.1% | 50,121€ | +1,020.0% | 4,536€ | 9.1% | 2 | 744€ |
| 1871 | VBK Trade03382451 · Podgorica | <0.1% | 49,901€ | -35.7% | -24,533€ | -49.2% | 4 | 735€ |
| 1872 | Pargo - M02737825 · Herceg Novi | <0.1% | 49,872€ | +12.8% | -15,395€ | -30.9% | 3 | 423€ |
| 1873 | Mangiare03279111 · Podgorica | <0.1% | 49,846€ | +39.9% | -31,208€ | -62.6% | 3 | 666€ |
| 1874 | Bodiko Picerija03459071 · Podgorica | <0.1% | 49,829€ | +27.3% | -16,896€ | -33.9% | 3 | 678€ |
| 1875 | Šiljak Company03359131 · Herceg Novi | <0.1% | 49,647€ | +51.6% | -84,175€ | -169.5% | 5 | 719€ |
| 1876 | Zaton Trade03375579 · Podgorica | <0.1% | 49,525€ | -42.3% | -12,323€ | -24.9% | 2 | 422€ |
| 1877 | Crown Apartmens03656519 · Budva | <0.1% | 49,424€ | +110.2% | 19,398€ | 39.2% | 1 | — |
| 1878 | Eko Dnuv03329275 · Bar | <0.1% | 49,393€ | -19.2% | 8,109€ | 16.4% | 3 | 470€ |
| 1879 | El Profesor03757072 · Podgorica | <0.1% | 49,224€ | No filing for 2024. | -15,555€ | -31.6% | 1 | — |
| 1880 | Teatro-Urban03265293 · Bijelo Polje | <0.1% | 49,203€ | -8.5% | -4,306€ | -8.8% | 2 | 592€ |
| 1881 | Daltons Food03472523 · Podgorica | <0.1% | 49,189€ | +68.9% | 238€ | 0.5% | 4 | — |
| 1882 | Radiobit03552683 · Herceg Novi | <0.1% | 49,053€ | +27.7% | 8,144€ | 16.6% | 3 | 361€ |
| 1883 | V&M Vul03129225 · Berane | <0.1% | 48,960€ | +7.8% | 2,281€ | 4.7% | 2 | 1,422€ |
| 1884 | The Bank03395871 | <0.1% | 48,925€ | +51.6% | 10,230€ | 20.9% | 2 | 427€ |
| 1885 | Munchies Montenegro03756483 · Podgorica | <0.1% | 48,745€ | No filing for 2024. | 3,071€ | 6.3% | 2 | 601€ |
| 1886 | Valvex02804867 · Herceg Novi | <0.1% | 48,699€ | -26.1% | 7,501€ | 15.4% | 2 | 528€ |
| 1887 | DD&L03392635 · Ulcinj | <0.1% | 48,667€ | +12.3% | -48,163€ | -99.0% | 3 | 730€ |
| 1888 | DMD Strahinja03175723 · Kolašin | <0.1% | 48,618€ | +9.2% | 759€ | 1.6% | 1 | 2,904€ |
| 1889 | NK Golija02255235 · Nikšić | <0.1% | 48,567€ | -9.0% | -1,117€ | -2.3% | 4 | — |
| 1890 | Prena03377288 · Budva | <0.1% | 48,204€ | +4.7% | 3,077€ | 6.4% | 1 | — |
| 1891 | Marzano03041751 · Cetinje | <0.1% | 48,178€ | +13.7% | -1,098€ | -2.3% | 4 | 525€ |
| 1892 | Bonaca Tours03224503 · Bar | <0.1% | 48,144€ | -27.0% | -6,272€ | -13.0% | 2 | 924€ |
| 1893 | Domaćinska Hrana03023028 · Podgorica | <0.1% | 48,090€ | +112.6% | 28,333€ | 58.9% | 2 | 339€ |
| 1894 | Caffe Kod Danila03734986 · Bijelo Polje | <0.1% | 48,021€ | No filing for 2024. | -18,281€ | -38.1% | 3 | 1,457€ |
| 1895 | Bene Group03565645 · Podgorica | <0.1% | 47,624€ | +2,419.8% | 15,645€ | 32.9% | 2 | — |
| 1896 | Pijavica Company03721817 · Herceg Novi | <0.1% | 47,596€ | No filing for 2024. | 863€ | 1.8% | 3 | 618€ |
| 1897 | Paulino02190079 · Herceg Novi | <0.1% | 47,308€ | -16.7% | -3,934€ | -8.3% | 3 | 664€ |
| 1898 | Falkon V&S03734196 · Budva | <0.1% | 47,299€ | No filing for 2024. | -83,493€ | -176.5% | 2 | 492€ |
| 1899 | Risan Belavista02681854 · Kotor | <0.1% | 47,270€ | -4.0% | -31,160€ | -65.9% | 2 | 680€ |
| 1900 | Stanovčić02219824 · Herceg Novi | <0.1% | 47,225€ | +109.8% | -6,496€ | -13.8% | 3 | 600€ |