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 2101–2150 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* |
|---|
| 2101 | Vlad Dey03353826 · Podgorica | <0.1% | 29,788€ | +2.5% | 4,305€ | 14.5% | 2 | 826€ |
| 2102 | Panda Bubble Tea03616827 · Nikšić | <0.1% | 29,722€ | -19.7% | -2,770€ | -9.3% | 2 | 652€ |
| 2103 | Kristal Urban03627080 · Bijelo Polje | <0.1% | 29,653€ | +867.2% | 2,418€ | 8.2% | 1 | 1,004€ |
| 2104 | Nane Plus03278417 · Berane | <0.1% | 29,624€ | +6.7% | 3,301€ | 11.1% | 2 | 938€ |
| 2105 | Nena Group03353222 · Bijelo Polje | <0.1% | 29,598€ | +134.1% | 2,707€ | 9.1% | 2 | 837€ |
| 2106 | Montenegro Nomad03370712 · Žabljak | <0.1% | 29,516€ | +0.1% | -3,920€ | -13.3% | 2 | 774€ |
| 2107 | S&M Fantazija03274985 · Bijelo Polje | <0.1% | 29,512€ | -42.9% | -14,176€ | -48.0% | 4 | 851€ |
| 2108 | Pekofi03682269 · Podgorica | <0.1% | 29,416€ | +141.8% | -3,422€ | -11.6% | 3 | 565€ |
| 2109 | The Smugglers Pub03633144 · Berane | <0.1% | 29,397€ | -12.7% | 20,712€ | 70.5% | 2 | 340€ |
| 2110 | Eks 203570983 · Berane | <0.1% | 29,392€ | +79.7% | -20,769€ | -70.7% | 3 | 1,160€ |
| 2111 | Staro Ognjište03313930 · Kolašin | <0.1% | 29,366€ | -83.6% | -32,563€ | -110.9% | 3 | 475€ |
| 2112 | Berkot02809893 · Bar | <0.1% | 29,338€ | +0.2% | 4,034€ | 13.8% | 2 | 417€ |
| 2113 | Lumani Group03477126 · Bar | <0.1% | 29,323€ | +1.5% | 428€ | 1.5% | 2 | — |
| 2114 | Segment Plus03657884 · Budva | <0.1% | 29,314€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,543€ | -53.0% | 4 | — |
| 2115 | Stari Studenac03253775 · Danilovgrad | <0.1% | 29,303€ | +36.0% | -22,498€ | -76.8% | 3 | 546€ |
| 2116 | Orah Countryside03382745 · Nikšić | <0.1% | 29,293€ | +47.9% | 701€ | 2.4% | 2 | 782€ |
| 2117 | Morena Beach03768473 · Herceg Novi | <0.1% | 29,242€ | No filing for 2024. | 335€ | 1.1% | 2 | 694€ |
| 2118 | Connect & RZ03233472 · Tivat | <0.1% | 29,059€ | -14.9% | -7,849€ | -27.0% | 2 | 693€ |
| 2119 | Enigma Trade03007863 · Podgorica | <0.1% | 28,991€ | +1.1% | 338€ | 1.2% | 2 | 448€ |
| 2120 | LD-Lučka03644383 · Pljevlja | <0.1% | 28,959€ | +65.2% | -5,141€ | -17.8% | 3 | 468€ |
| 2121 | Gabela03533794 · Kotor | <0.1% | 28,951€ | -42.5% | -10,315€ | -35.6% | 2 | 687€ |
| 2122 | Bite Up03760111 · Bijelo Polje | <0.1% | 28,944€ | No filing for 2024. | 657€ | 2.3% | 4 | — |
| 2123 | Morea 199003259404 · Ulcinj | <0.1% | 28,919€ | +0.2% | -8,777€ | -30.4% | 2 | 721€ |
| 2124 | DM Jovana03625745 · Bijelo Polje | <0.1% | 28,825€ | +60.1% | -7,282€ | -25.3% | 2 | 647€ |
| 2125 | Dubirog Perović03139255 · Andrijevica | <0.1% | 28,817€ | +71.5% | -10,308€ | -35.8% | 3 | 634€ |
| 2126 | High View Consulting03461041 · Budva | <0.1% | 28,800€ | +1.4% | 721€ | 2.5% | 3 | 664€ |
| 2127 | Magična Šerpica03364305 · Nikšić | <0.1% | 28,780€ | -4.8% | -771€ | -2.7% | 3 | 431€ |
| 2128 | Zeta Group M&M03608379 · Zeta | <0.1% | 28,770€ | +35.7% | 947€ | 3.3% | 2 | 403€ |
| 2129 | Hot Moon02377390 · Budva | <0.1% | 28,745€ | -76.2% | -62,244€ | -216.5% | 1 | 1,055€ |
| 2130 | MR Bin03421759 · Herceg Novi | <0.1% | 28,720€ | -11.0% | -26,231€ | -91.3% | 2 | 411€ |
| 2131 | Mama Nature03631001 · Bar | <0.1% | 28,699€ | +122.9% | -16,060€ | -56.0% | 2 | 876€ |
| 2132 | Black Hills Susanj03484602 · Bar | <0.1% | 28,676€ | +163.0% | 4,264€ | 14.9% | 1 | 1,348€ |
| 2133 | Led Ledeni03130231 · Podgorica | <0.1% | 28,674€ | -1.1% | -1,335€ | -4.7% | 1 | 678€ |
| 2134 | Lolita Company03521575 · Herceg Novi | <0.1% | 28,623€ | -33.5% | -34,136€ | -119.3% | 4 | 498€ |
| 2135 | Džejlan Co03520935 · Bijelo Polje | <0.1% | 28,620€ | +33.3% | 3,242€ | 11.3% | 2 | 676€ |
| 2136 | Rio MD03790215 · Budva | <0.1% | 28,610€ | No filing for 2024. | -11,723€ | -41.0% | 1 | 1,134€ |
| 2137 | Atos - Caffe03083152 · Nikšić | <0.1% | 28,598€ | +12.6% | -1,141€ | -4.0% | 2 | 771€ |
| 2138 | Ssa Monte03351963 · Podgorica | <0.1% | 28,556€ | -43.8% | -69,142€ | -242.1% | 1 | 1,197€ |
| 2139 | Optymal Choice03514820 · Herceg Novi | <0.1% | 28,540€ | +190.2% | 15,807€ | 55.4% | 1 | 864€ |
| 2140 | Silk Resort & Spa03079546 · Podgorica | <0.1% | 28,498€ | +8.8% | -622,430€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2141 | Tramonto03125688 · Herceg Novi | <0.1% | 28,298€ | +31.0% | 305€ | 1.1% | 2 | 531€ |
| 2142 | Big Bite03628027 · Nikšić | <0.1% | 28,216€ | +31.2% | -1,045€ | -3.7% | 3 | 549€ |
| 2143 | Kosta Company03698475 · Berane | <0.1% | 28,215€ | +232.0% | -1,721€ | -6.1% | 2 | 1,004€ |
| 2144 | Qvatro M02928116 · Berane | <0.1% | 28,205€ | +16.9% | -590€ | -2.1% | 2 | 894€ |
| 2145 | Bota Caffe Bar02891719 · Nikšić | <0.1% | 28,200€ | +42.3% | -1,271€ | -4.5% | 3 | 570€ |
| 2146 | Evecen03616746 · Zeta | <0.1% | 28,165€ | +41.8% | -16,702€ | -59.3% | 3 | 733€ |
| 2147 | Green Tara02761556 · Nikšić | <0.1% | 28,123€ | -4.6% | 6,971€ | 24.8% | 2 | 690€ |
| 2148 | Kumpir House03672158 · Podgorica | <0.1% | 28,121€ | +206.2% | -44,837€ | -159.4% | 2 | 540€ |
| 2149 | Kruševo02901714 · Podgorica | <0.1% | 28,033€ | +7.4% | -1,806€ | -6.4% | 3 | 510€ |
| 2150 | Etno Koljeno03708187 · Andrijevica | <0.1% | 27,821€ | +2,384.0% | -777€ | -2.8% | 3 | 602€ |