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 2501–2550 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* |
|---|
| 2501 | Dona Company02917114 · Podgorica | <0.1% | 10,483€ | -77.6% | -37,224€ | -355.1% | 1 | 989€ |
| 2502 | Stasija BP03791033 · Bijelo Polje | <0.1% | 10,380€ | No filing for 2024. | -5,800€ | -55.9% | 3 | — |
| 2503 | BS i Inženjering02746875 · Cetinje | <0.1% | 10,366€ | -65.7% | -2,179€ | -21.0% | 1 | 449€ |
| 2504 | La-La 2403800776 · Pljevlja | <0.1% | 10,305€ | No filing for 2024. | 1,866€ | 18.1% | 2 | — |
| 2505 | Sevdah03081443 · Bijelo Polje | <0.1% | 10,303€ | +18.2% | -552€ | -5.4% | 1 | 689€ |
| 2506 | Drpljanin Co02780879 · Bar | <0.1% | 10,302€ | -71.7% | -8,290€ | -80.5% | 2 | 420€ |
| 2507 | Tufaj Company03347915 · Ulcinj | <0.1% | 10,299€ | -3.2% | -6,819€ | -66.2% | 1 | 676€ |
| 2508 | Kod Akija03730816 · Berane | <0.1% | 10,249€ | No filing for 2024. | -7,476€ | -72.9% | 2 | 579€ |
| 2509 | Timota Group03736130 · Bijelo Polje | <0.1% | 10,235€ | No filing for 2024. | -4,658€ | -45.5% | 1 | 781€ |
| 2510 | Žirci03685543 · Kolašin | <0.1% | 10,159€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 636€ | 6.3% | 1 | 677€ |
| 2511 | Aquarius Camp03652068 · Danilovgrad | <0.1% | 10,132€ | +153.3% | -2,607€ | -25.7% | 1 | 972€ |
| 2512 | Southsea Innovations03615138 · Budva | <0.1% | 10,128€ | -45.7% | -10,248€ | -101.2% | 2 | 470€ |
| 2513 | Tim-Plus02811464 · Podgorica | <0.1% | 10,100€ | -35.0% | -8,566€ | -84.8% | 1 | 680€ |
| 2514 | Dea 803109747 · Podgorica | <0.1% | 10,019€ | -10.1% | 900€ | 9.0% | 1 | 339€ |
| 2515 | Eagle Eye03245438 · Tivat | <0.1% | 9,963€ | -64.0% | 4,706€ | 47.2% | 1 | 408€ |
| 2516 | Lotus Innovations03664074 · Tivat | <0.1% | 9,954€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,899€ | -139.6% | 1 | 922€ |
| 2517 | Scout02665484 · Budva | <0.1% | 9,917€ | +71.4% | -28,026€ | -282.6% | 1 | 670€ |
| 2518 | Turistički Kamp River03706222 · Bar | <0.1% | 9,872€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,197€ | -22.3% | 1 | — |
| 2519 | Esse03619885 · Budva | <0.1% | 9,854€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,280€ | -114.5% | 1 | 706€ |
| 2520 | Bella Rent Car03524914 · Bar | <0.1% | 9,820€ | +57.4% | -12,090€ | -123.1% | 2 | 670€ |
| 2521 | Dusha03370780 · Herceg Novi | <0.1% | 9,810€ | +545.4% | -50€ | -0.5% | 1 | 677€ |
| 2522 | Blue Light&Co03139166 · Ulcinj | <0.1% | 9,779€ | +11.2% | -275€ | -2.8% | 2 | 352€ |
| 2523 | Blue Orange Company03633870 · Budva | <0.1% | 9,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22€ | 0.2% | 1 | 670€ |
| 2524 | Placer03042448 · Budva | <0.1% | 9,740€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,584€ | -57.3% | 1 | 718€ |
| 2525 | Vagon BP03717283 · Bijelo Polje | <0.1% | 9,712€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,413€ | -45.4% | 1 | 742€ |
| 2526 | Arya Asya Turizm03632903 · Budva | <0.1% | 9,693€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,045€ | -72.7% | 1 | 675€ |
| 2527 | Princess Milena03638308 · Podgorica | <0.1% | 9,628€ | -80.2% | -10,370€ | -107.7% | 1 | 931€ |
| 2528 | Pebro - Mne03403700 · Bar | <0.1% | 9,600€ | 0.0% | -102€ | -1.1% | 1 | 678€ |
| 2529 | Ponimonte03689476 · Bar | <0.1% | 9,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 299€ | 3.1% | 1 | 678€ |
| 2530 | Maxhit03216179 · Tivat | <0.1% | 9,515€ | -51.5% | -8,363€ | -87.9% | 1 | 680€ |
| 2531 | The Garden M03672034 · Ulcinj | <0.1% | 9,462€ | +91.7% | -8,862€ | -93.7% | 1 | 741€ |
| 2532 | VTC03471705 · Herceg Novi | <0.1% | 9,450€ | -29.8% | -9,037€ | -95.6% | 1 | 1,176€ |
| 2533 | Rakonje Company03633314 · Bijelo Polje | <0.1% | 9,410€ | -74.9% | -19,383€ | -206.0% | 2 | 502€ |
| 2534 | MDM Miličković03587541 · Podgorica | <0.1% | 9,390€ | -27.0% | -5,314€ | -56.6% | 3 | — |
| 2535 | V2 Euro Group03356574 · Bar | <0.1% | 9,343€ | +77.6% | -477€ | -5.1% | 1 | 396€ |
| 2536 | Brajković Company03793516 · Herceg Novi | <0.1% | 9,107€ | No filing for 2024. | -6,468€ | -71.0% | 3 | — |
| 2537 | Ugomont02803089 · Nikšić | <0.1% | 9,054€ | +56.6% | 1,059€ | 11.7% | 1 | — |
| 2538 | In Plav03051307 · Plav | <0.1% | 8,998€ | -1.1% | -5,898€ | -65.5% | 1 | 675€ |
| 2539 | Roterdam03727688 · Nikšić | <0.1% | 8,966€ | No filing for 2024. | -7,978€ | -89.0% | 0 | — |
| 2540 | York Hotels & Resorts03086968 · Kolašin | <0.1% | 8,961€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -93,718€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 404€ |
| 2541 | Vrioca03292819 · Mojkovac | <0.1% | 8,955€ | 0.0% | -10,324€ | -115.3% | 1 | 1,520€ |
| 2542 | Yuriip03465616 · Tivat | <0.1% | 8,949€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,637€ | -107.7% | 1 | 1,043€ |
| 2543 | Art & Dance Cafe03649776 · Tivat | <0.1% | 8,923€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -56,468€ | -632.8% | 3 | 1,015€ |
| 2544 | Olea Monte03502252 · Bar | <0.1% | 8,918€ | +120.1% | 162€ | 1.8% | 1 | 678€ |
| 2545 | Filimart02742209 · Herceg Novi | <0.1% | 8,909€ | +185.7% | -586€ | -6.6% | 1 | 678€ |
| 2546 | Kafanica Kod Skola03362566 · Bijelo Polje | <0.1% | 8,858€ | +35.1% | -5,405€ | -61.0% | 1 | 621€ |
| 2547 | Bonsai-Velkom02918510 · Berane | <0.1% | 8,803€ | -46.8% | 19€ | 0.2% | 2 | 338€ |
| 2548 | Fortuna - Sam03149790 · Mojkovac | <0.1% | 8,764€ | +0.1% | 2,475€ | 28.2% | 1 | — |
| 2549 | Karela03349837 · Bar | <0.1% | 8,646€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,596€ | -226.6% | 1 | 1,143€ |
| 2550 | Astacus02963701 · Nikšić | <0.1% | 8,645€ | +8.9% | -8,387€ | -97.0% | 2 | 592€ |