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 2201–2250 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* |
|---|
| 2201 | Dajana Company03427170 · Bijelo Polje | <0.1% | 25,114€ | +7.4% | 1,044€ | 4.2% | 1 | 697€ |
| 2202 | Niko's Family03606333 · Ulcinj | <0.1% | 25,023€ | +45.8% | 1,504€ | 6.0% | 1 | 678€ |
| 2203 | Lider Vukadinović02724626 · Herceg Novi | <0.1% | 25,002€ | +22.0% | 6,272€ | 25.1% | 3 | — |
| 2204 | Citadel Group02774844 · Podgorica | <0.1% | 25,000€ | 0.0% | -35,465€ | -141.9% | 1 | 1,125€ |
| 2205 | Podgrad - SLV03055370 · Bar | <0.1% | 24,748€ | +1.9% | 561€ | 2.3% | 1 | 812€ |
| 2206 | Škiljević Company03755878 · Plužine | <0.1% | 24,696€ | No filing for 2024. | 156€ | 0.6% | 2 | 445€ |
| 2207 | Ambar03632580 · Nikšić | <0.1% | 24,650€ | +113.4% | -1,150€ | -4.7% | 3 | 319€ |
| 2208 | F.S.B.03317838 · Podgorica | <0.1% | 24,608€ | -0.9% | -5,065€ | -20.6% | 2 | 421€ |
| 2209 | Aksaraj - CG03684709 · Rožaje | <0.1% | 24,597€ | +420.1% | -5,740€ | -23.3% | 1 | 1,697€ |
| 2210 | Boban Tours02781905 · Bar | <0.1% | 24,585€ | -48.6% | -16,378€ | -66.6% | 1 | 675€ |
| 2211 | Eminina Priča03619486 · Bar | <0.1% | 24,580€ | +391.6% | 3,904€ | 15.9% | 2 | 481€ |
| 2212 | Disk02384108 · Budva | <0.1% | 24,566€ | +54.6% | -6,996€ | -28.5% | 2 | 841€ |
| 2213 | Reggae03024865 · Podgorica | <0.1% | 24,535€ | -78.8% | 3,406€ | 13.9% | 6 | — |
| 2214 | Syrov Services Mne03513939 · Podgorica | <0.1% | 24,520€ | -53.4% | -21,632€ | -88.2% | 1 | 2,130€ |
| 2215 | SMH Group03538770 · Bar | <0.1% | 24,513€ | -33.7% | -8,256€ | -33.7% | 3 | — |
| 2216 | Abc-Service&More03595641 · Bar | <0.1% | 24,461€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,324€ | -95.4% | 1 | 908€ |
| 2217 | Hala Madrid03745287 · Podgorica | <0.1% | 24,411€ | No filing for 2024. | -2,920€ | -12.0% | 2 | — |
| 2218 | Kulturno Zavičajno Udruženje - Napredak02314673 · Tivat | <0.1% | 24,374€ | -29.9% | 1,936€ | 7.9% | 0 | — |
| 2219 | Spektra02429802 · Podgorica | <0.1% | 24,364€ | +365.3% | 4,238€ | 17.4% | 1 | — |
| 2220 | Srđa Pikolo03188833 · Podgorica | <0.1% | 24,362€ | +14.1% | -4,908€ | -20.1% | 3 | 507€ |
| 2221 | S&J Elements03740757 · Kotor | <0.1% | 24,301€ | No filing for 2024. | 791€ | 3.3% | 0 | — |
| 2222 | Alfa Game03441768 · Cetinje | <0.1% | 24,237€ | +2.6% | 800€ | 3.3% | 2 | 507€ |
| 2223 | Liberty Mne03674819 | <0.1% | 24,216€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,849€ | -40.7% | 1 | 1,388€ |
| 2224 | Vila-Đekić03188744 · Andrijevica | <0.1% | 24,134€ | +249.4% | 0€ | 0.0% | 3 | 670€ |
| 2225 | MM Popović03420337 · Podgorica | <0.1% | 24,119€ | -35.8% | -10,734€ | -44.5% | 2 | 535€ |
| 2226 | Nera-Iva03735478 · Nikšić | <0.1% | 24,118€ | No filing for 2024. | -567€ | -2.4% | 3 | 422€ |
| 2227 | Trotters Indepedent Trading Co03089452 · Nikšić | <0.1% | 24,097€ | -45.6% | -17,206€ | -71.4% | 2 | 699€ |
| 2228 | Buločka03607763 · Bar | <0.1% | 24,095€ | +52.0% | -2,047€ | -8.5% | 1 | 1,387€ |
| 2229 | Vjerina Kuzina M03206629 · Cetinje | <0.1% | 24,014€ | +0.8% | -6,227€ | -25.9% | 1 | 1,350€ |
| 2230 | Gunesh Mne03358534 · Budva | <0.1% | 24,002€ | -7.7% | -3,153€ | -13.1% | 3 | 596€ |
| 2231 | Malci Sveznalci03420612 · Podgorica | <0.1% | 23,985€ | -20.5% | 1,122€ | 4.7% | 1 | 1,069€ |
| 2232 | Sleep'n Cruise03401944 · Podgorica | <0.1% | 23,970€ | +299.5% | 411€ | 1.7% | 1 | 675€ |
| 2233 | The Wind of Change03499120 · Budva | <0.1% | 23,782€ | +104.6% | 3,398€ | 14.3% | 1 | 712€ |
| 2234 | Harfa03071375 · Pljevlja | <0.1% | 23,762€ | -0.4% | -12,165€ | -51.2% | 2 | 724€ |
| 2235 | Kka Company02617846 · Bijelo Polje | <0.1% | 23,683€ | -34.5% | -976€ | -4.1% | 2 | 705€ |
| 2236 | Karudiann03781470 · Herceg Novi | <0.1% | 23,602€ | No filing for 2024. | -4,464€ | -18.9% | 4 | — |
| 2237 | RS Lokomotiva03350762 · Danilovgrad | <0.1% | 23,561€ | -13.5% | -5,194€ | -22.0% | 1 | 733€ |
| 2238 | Aussies In Montenegro03419797 · Žabljak | <0.1% | 23,543€ | +16.7% | 1,769€ | 7.5% | 1 | 450€ |
| 2239 | Bijeli Biseri03464377 · Budva | <0.1% | 23,490€ | -0.4% | 11,271€ | 48.0% | 1 | 916€ |
| 2240 | Pikolo MS03061124 · Podgorica | <0.1% | 23,458€ | +20.2% | -2,326€ | -9.9% | 2 | 678€ |
| 2241 | Dragon02439085 · Herceg Novi | <0.1% | 23,400€ | +23.6% | 3,633€ | 15.5% | 2 | 416€ |
| 2242 | Mirno More03074951 · Tivat | <0.1% | 23,310€ | -14.4% | -2,266€ | -9.7% | 2 | 765€ |
| 2243 | Herc - Ognjište02352036 · Herceg Novi | <0.1% | 23,211€ | +39.1% | -2,699€ | -11.6% | 2 | 575€ |
| 2244 | Argus Global03308219 · Podgorica | <0.1% | 23,185€ | +0.1% | 5,287€ | 22.8% | 1 | — |
| 2245 | Tomanović Family Trade02405547 · Herceg Novi | <0.1% | 23,168€ | +2.3% | -19,486€ | -84.1% | 2 | 1,102€ |
| 2246 | Rovčanin BP03131866 · Bijelo Polje | <0.1% | 23,093€ | +26.7% | -5,840€ | -25.3% | 3 | 583€ |
| 2247 | Z&VUK03329895 · Bijelo Polje | <0.1% | 23,061€ | +33.6% | -15,267€ | -66.2% | 3 | 416€ |
| 2248 | Durmitor Summit03377563 · Bijelo Polje | <0.1% | 22,930€ | +567.9% | 7,145€ | 31.2% | 1 | — |
| 2249 | Black Cat03159680 · Kotor | <0.1% | 22,846€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,031€ | -162.1% | 3 | 440€ |
| 2250 | Lakićević-Trade02107937 · Herceg Novi | <0.1% | 22,783€ | +38.0% | 2,804€ | 12.3% | 2 | 438€ |