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 2301–2350 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* |
|---|
| 2301 | Jeremi03062830 · Podgorica | <0.1% | 20,152€ | -34.0% | 2,843€ | 14.1% | 1 | 553€ |
| 2302 | Kaldrma03370593 · Podgorica | <0.1% | 20,129€ | -0.4% | -5,350€ | -26.6% | 2 | 741€ |
| 2303 | Foodporter03354474 · Podgorica | <0.1% | 20,101€ | +1.6% | 6,111€ | 30.4% | 1 | 742€ |
| 2304 | Mahakala Center03104125 · Budva | <0.1% | 20,079€ | +4.5% | -4,120€ | -20.5% | 1 | 450€ |
| 2305 | Sea Side Company03317382 · Kotor | <0.1% | 20,041€ | -36.1% | -14,454€ | -72.1% | 3 | 580€ |
| 2306 | Miela02837404 · Bar | <0.1% | 19,933€ | -11.4% | -3,527€ | -17.7% | 1 | 978€ |
| 2307 | S&ZK03255867 · Podgorica | <0.1% | 19,882€ | +30.8% | -1,345€ | -6.8% | 1 | 677€ |
| 2308 | Queen Royal03315932 · Podgorica | <0.1% | 19,872€ | -19.3% | -4,901€ | -24.7% | 1 | 333€ |
| 2309 | Cun - Cun Travel03729443 · Budva | <0.1% | 19,840€ | No filing for 2024. | 5,739€ | 28.9% | 1 | 835€ |
| 2310 | Đovana Company03755088 · Herceg Novi | <0.1% | 19,717€ | No filing for 2024. | 341€ | 1.7% | 1 | 344€ |
| 2311 | Belmont Holdings02891867 · Tivat | <0.1% | 19,691€ | -98.1% | -15,597€ | -79.2% | 1 | 675€ |
| 2312 | Kod Željka03132722 · Bijelo Polje | <0.1% | 19,470€ | +2.4% | 488€ | 2.5% | 2 | 338€ |
| 2313 | Usefa02684420 · Bar | <0.1% | 19,456€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,715€ | -91.1% | 1 | 779€ |
| 2314 | Kosta P03348296 · Bijelo Polje | <0.1% | 19,379€ | +13.5% | 938€ | 4.8% | 1 | 636€ |
| 2315 | Cokomery03727327 · Podgorica | <0.1% | 19,324€ | No filing for 2024. | -28,875€ | -149.4% | 2 | 541€ |
| 2316 | Pro Bonoo03604888 · Nikšić | <0.1% | 19,169€ | +23.8% | 531€ | 2.8% | 1 | 675€ |
| 2317 | Biene Maja03736318 · Herceg Novi | <0.1% | 19,096€ | No filing for 2024. | -8,846€ | -46.3% | 1 | 548€ |
| 2318 | MM-King03460681 · Kotor | <0.1% | 19,077€ | +3.1% | -10,298€ | -54.0% | 2 | 623€ |
| 2319 | Verige&Co03346633 · Cetinje | <0.1% | 19,048€ | -5.9% | 1,431€ | 7.5% | 2 | — |
| 2320 | T-Caffe Bar & Restaurants03090060 · Herceg Novi | <0.1% | 19,002€ | -23.8% | -25,645€ | -135.0% | 3 | 665€ |
| 2321 | Kod Adža03048713 · Bijelo Polje | <0.1% | 18,991€ | -43.8% | -43,284€ | -227.9% | 6 | 659€ |
| 2322 | Tropicana Beach & Co03048080 · Ulcinj | <0.1% | 18,979€ | -87.4% | -28,852€ | -152.0% | 1 | 678€ |
| 2323 | PMM Trejd03101240 · Berane | <0.1% | 18,947€ | +37.3% | -21,701€ | -114.5% | 3 | 506€ |
| 2324 | Estrella77703440958 · Budva | <0.1% | 18,905€ | +14.6% | -8,066€ | -42.7% | 2 | 335€ |
| 2325 | Truckster03519732 · Budva | <0.1% | 18,868€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,582€ | 50.8% | 1 | 675€ |
| 2326 | Pino Negro03572641 · Podgorica | <0.1% | 18,681€ | +345.0% | 7,103€ | 38.0% | 1 | 565€ |
| 2327 | J&V Company03466973 · Podgorica | <0.1% | 18,675€ | -28.5% | 6,389€ | 34.2% | 2 | 339€ |
| 2328 | Hotel Gothia03320928 · Ulcinj | <0.1% | 18,650€ | -41.8% | -9,687€ | -51.9% | 3 | 406€ |
| 2329 | Iris Properties03323854 · Tivat | <0.1% | 18,639€ | +0.6% | -5,534€ | -29.7% | 1 | 678€ |
| 2330 | Kydonia03615677 · Kotor | <0.1% | 18,566€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,414€ | 18.4% | 1 | 746€ |
| 2331 | BG Horeca03650456 · Berane | <0.1% | 18,547€ | +165.6% | 2,861€ | 15.4% | 2 | 431€ |
| 2332 | Babi Bar Group03798852 · Bar | <0.1% | 18,512€ | No filing for 2024. | 4,183€ | 22.6% | 1 | — |
| 2333 | Mia K03384420 · Pljevlja | <0.1% | 18,500€ | -8.5% | -5,217€ | -28.2% | 3 | 525€ |
| 2334 | Gianduja03560775 · Podgorica | <0.1% | 18,471€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,511€ | -67.7% | 2 | 464€ |
| 2335 | TGT03272559 · Podgorica | <0.1% | 18,417€ | +11.3% | 1,118€ | 6.1% | 2 | 487€ |
| 2336 | BRM Logistic03538125 · Budva | <0.1% | 18,392€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,787€ | -9.7% | 2 | 569€ |
| 2337 | Boj Company03354547 · Berane | <0.1% | 18,386€ | +7.3% | -7,408€ | -40.3% | 2 | 574€ |
| 2338 | Camp George03628515 · Žabljak | <0.1% | 18,267€ | +14.4% | -1,053€ | -5.8% | 1 | 1,610€ |
| 2339 | Oliver's & Co03158179 · Ulcinj | <0.1% | 18,232€ | -23.5% | -45,136€ | -247.6% | 3 | 519€ |
| 2340 | Baki & Dejo03320707 · Podgorica | <0.1% | 18,182€ | +31.4% | 678€ | 3.7% | 2 | 420€ |
| 2341 | Durutović Ranč03095479 · Nikšić | <0.1% | 18,061€ | +5.3% | -14,667€ | -81.2% | 3 | 452€ |
| 2342 | Melaya 160003665771 | <0.1% | 18,060€ | +70.6% | -12,608€ | -69.8% | 3 | 845€ |
| 2343 | Lusnika03594050 · Podgorica | <0.1% | 18,006€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,724€ | 42.9% | 1 | 673€ |
| 2344 | Trockley MN02433974 · Budva | <0.1% | 18,001€ | -60.7% | -9,454€ | -52.5% | 1 | 680€ |
| 2345 | Herc-Đurković i Ostali02336391 · Podgorica | <0.1% | 17,986€ | +4.7% | -3,064€ | -17.0% | 1 | 751€ |
| 2346 | Drahe02076748 · Kolašin | <0.1% | 17,954€ | -72.2% | -14,640€ | -81.5% | 2 | 674€ |
| 2347 | Tower Works03408540 · Bar | <0.1% | 17,901€ | -4.4% | 394€ | 2.2% | 1 | 696€ |
| 2348 | Cijevna - Balijače02800381 · Podgorica | <0.1% | 17,859€ | +26.6% | -1,376€ | -7.7% | 1 | 753€ |
| 2349 | Club 403783308 · Podgorica | <0.1% | 17,753€ | No filing for 2024. | -3,504€ | -19.7% | 2 | 326€ |
| 2350 | Ais03425703 · Herceg Novi | <0.1% | 17,705€ | +30.8% | 222€ | 1.3% | 1 | 874€ |