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 2001–2050 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* |
|---|
| 2001 | Montes Innovations03640655 · Tivat | <0.1% | 37,475€ | +1,136.4% | 432€ | 1.2% | 1 | 922€ |
| 2002 | Svarog Ida03162320 · Budva | <0.1% | 37,326€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,808€ | 50.4% | 1 | 893€ |
| 2003 | Gastro Bite03691870 · Nikšić | <0.1% | 37,201€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,175€ | 3.2% | 2 | 679€ |
| 2004 | Trojan Tours03104893 · Podgorica | <0.1% | 37,098€ | +141.6% | -20,840€ | -56.2% | 1 | 341€ |
| 2005 | Komol Komerc-Lekić02385953 · Herceg Novi | <0.1% | 36,987€ | -19.6% | -20,456€ | -55.3% | 3 | 669€ |
| 2006 | CG-Joker03036073 · Tuzi | <0.1% | 36,944€ | -3.0% | 3,369€ | 9.1% | 2 | 826€ |
| 2007 | Okrajci03372642 · Plužine | <0.1% | 36,831€ | +46.4% | 5,357€ | 14.5% | 2 | 540€ |
| 2008 | JJP03733149 · Podgorica | <0.1% | 36,389€ | No filing for 2024. | -43,862€ | -120.5% | 3 | 737€ |
| 2009 | N.P.A. Grupa03409627 · Bar | <0.1% | 36,354€ | +7.8% | -33,356€ | -91.8% | 3 | 576€ |
| 2010 | Pausa Lounge Caffe Bar03471284 · Berane | <0.1% | 36,345€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,966€ | 19.2% | 1 | 1,058€ |
| 2011 | Atelier Group03430529 · Ulcinj | <0.1% | 36,105€ | +11.8% | 12,266€ | 34.0% | 1 | 1,020€ |
| 2012 | Team Gruda03336735 · Berane | <0.1% | 36,009€ | +7.7% | 31€ | 0.1% | 2 | 1,254€ |
| 2013 | Fasamo02680017 · Podgorica | <0.1% | 36,000€ | -80.6% | -5,061€ | -14.1% | 1 | 1,245€ |
| 2014 | Puz02236524 · Podgorica | <0.1% | 35,978€ | +24.4% | 3,144€ | 8.7% | 1 | 777€ |
| 2015 | Palacio Del Mar03365549 · Budva | <0.1% | 35,876€ | -13.7% | -23,654€ | -65.9% | 3 | 1,463€ |
| 2016 | K&J Company03755282 · Ulcinj | <0.1% | 35,867€ | No filing for 2024. | -735€ | -2.0% | 6 | 349€ |
| 2017 | Azzurro02625644 · Nikšić | <0.1% | 35,835€ | -36.5% | -13,705€ | -38.2% | 5 | 336€ |
| 2018 | Marković M&M03698696 · Berane | <0.1% | 35,649€ | +1,007.5% | 2,975€ | 8.3% | 1 | 1,543€ |
| 2019 | Solletico Ink03776751 · Herceg Novi | <0.1% | 35,593€ | No filing for 2024. | 1,811€ | 5.1% | 1 | — |
| 2020 | Sugar and Salt03273920 · Podgorica | <0.1% | 35,412€ | +17.5% | 502€ | 1.4% | 1 | — |
| 2021 | Mali Dalas03106829 · Herceg Novi | <0.1% | 35,410€ | +14.7% | -17,401€ | -49.1% | 2 | 848€ |
| 2022 | Casa Hotels Management03692230 · Herceg Novi | <0.1% | 35,357€ | -41.1% | 13,069€ | 37.0% | 2 | 549€ |
| 2023 | Batrić03368025 · Podgorica | <0.1% | 35,315€ | +57.7% | -12,508€ | -35.4% | 3 | — |
| 2024 | Kojičić03544249 · Zeta | <0.1% | 35,285€ | -46.5% | 3,261€ | 9.2% | 1 | 678€ |
| 2025 | Melux03182550 · Bijelo Polje | <0.1% | 35,154€ | +24.6% | 918€ | 2.6% | 2 | 1,263€ |
| 2026 | Bon Senjo03637174 · Kotor | <0.1% | 35,149€ | -41.4% | -26,625€ | -75.7% | 4 | 447€ |
| 2027 | Obelix Company03742644 · Bar | <0.1% | 35,075€ | No filing for 2024. | -8,039€ | -22.9% | 2 | 635€ |
| 2028 | Krčma Lugovi03766845 · Berane | <0.1% | 35,017€ | No filing for 2024. | -13,223€ | -37.8% | 4 | 549€ |
| 2029 | Red Bridg03083250 · Budva | <0.1% | 34,896€ | +49.3% | -19,565€ | -56.1% | 4 | 636€ |
| 2030 | Art Hills02893924 · Cetinje | <0.1% | 34,758€ | +62.1% | -18,767€ | -54.0% | 1 | 676€ |
| 2031 | Shelter Restaurant & Bar03467236 · Podgorica | <0.1% | 34,526€ | +120.2% | 1,365€ | 4.0% | 1 | 1,729€ |
| 2032 | Korać Group03394298 · Bijelo Polje | <0.1% | 34,494€ | +12.4% | 538€ | 1.6% | 3 | 494€ |
| 2033 | Sakos-Fatos02738341 · Podgorica | <0.1% | 34,362€ | +3.5% | -6,073€ | -17.7% | 3 | 641€ |
| 2034 | Sommer03631656 · Ulcinj | <0.1% | 34,167€ | -3.2% | -14,501€ | -42.4% | 1 | 858€ |
| 2035 | Zanzibar Adriatic03580059 · Kotor | <0.1% | 34,165€ | -32.2% | -64,951€ | -190.1% | 3 | 580€ |
| 2036 | Princip Ji03163296 · Pljevlja | <0.1% | 34,123€ | +13.4% | 1,093€ | 3.2% | 4 | 443€ |
| 2037 | CNS Company03337979 · Bar | <0.1% | 34,100€ | -40.3% | -37,665€ | -110.5% | 3 | 571€ |
| 2038 | New Project Company03731405 · Danilovgrad | <0.1% | 34,019€ | No filing for 2024. | -6,965€ | -20.5% | 2 | 593€ |
| 2039 | I & S Tim Bilding03525198 · Ulcinj | <0.1% | 33,910€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,125€ | 9.2% | 5 | 342€ |
| 2040 | El Barco03745503 · Herceg Novi | <0.1% | 33,792€ | No filing for 2024. | -20,541€ | -60.8% | 2 | 673€ |
| 2041 | Vivas Tours03122093 · Bijelo Polje | <0.1% | 33,734€ | -2.0% | 1,939€ | 5.7% | 2 | 600€ |
| 2042 | Luka & Sofija03656616 · Cetinje | <0.1% | 33,699€ | +92.6% | 886€ | 2.6% | 2 | — |
| 2043 | BD77703558126 · Budva | <0.1% | 33,634€ | +15.3% | -764€ | -2.3% | 1 | 678€ |
| 2044 | L'adovina03255905 · Herceg Novi | <0.1% | 33,605€ | +6.9% | 100€ | 0.3% | 1 | 747€ |
| 2045 | Alta02381192 · Budva | <0.1% | 33,543€ | +44.6% | 45€ | 0.1% | 2 | 675€ |
| 2046 | MBR02990202 · Tivat | <0.1% | 33,481€ | -61.9% | -44,599€ | -133.2% | 1 | 542€ |
| 2047 | Restoran Merlin03435725 · Bar | <0.1% | 33,312€ | +14.1% | 403€ | 1.2% | 2 | 530€ |
| 2048 | Legacy Company03731081 · Berane | <0.1% | 33,300€ | No filing for 2024. | -12,544€ | -37.7% | 3 | 889€ |
| 2049 | Kiteriders03358062 · Ulcinj | <0.1% | 33,291€ | -30.7% | -16,855€ | -50.6% | 2 | 339€ |
| 2050 | Resh03281086 · Herceg Novi | <0.1% | 33,253€ | -30.6% | -5,433€ | -16.3% | 2 | 614€ |