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 2751–2800 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* |
|---|
| 2751 | Andrija 202503800407 · Bar | <0.1% | 2,000€ | No filing for 2024. | 1,223€ | 61.2% | 1 | — |
| 2752 | Monteamour03777677 · Bar | <0.1% | 1,959€ | No filing for 2024. | -7,162€ | -365.6% | 2 | — |
| 2753 | Kod Iva & Co03164799 · Budva | <0.1% | 1,932€ | -32.8% | -4,527€ | -234.3% | 1 | 337€ |
| 2754 | Save the Date03599493 · Podgorica | <0.1% | 1,900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,892€ | -520.6% | 1 | 912€ |
| 2755 | Montenegro Leisure03693295 · Budva | <0.1% | 1,816€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,717€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 2756 | Mediterranean Ark03202348 · Budva | <0.1% | 1,766€ | -58.8% | -11,268€ | -638.1% | 2 | 479€ |
| 2757 | Besa ML03583392 · Tuzi | <0.1% | 1,666€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,087€ | -425.4% | 1 | 678€ |
| 2758 | Bamboni03229955 · Podgorica | <0.1% | 1,660€ | -67.7% | -4,159€ | -250.5% | 1 | 394€ |
| 2759 | Tara Spice03692671 · Kolašin | <0.1% | 1,628€ | +1,631.9% | -6,408€ | -393.6% | 1 | 436€ |
| 2760 | YLMZ Erbn03639410 · Budva | <0.1% | 1,560€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,992€ | -640.5% | 1 | 670€ |
| 2761 | Foremast03731901 · Kotor | <0.1% | 1,558€ | No filing for 2024. | -73,271€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 450€ |
| 2762 | Lets Toast03622533 · Podgorica | <0.1% | 1,553€ | +61.8% | -10,929€ | -703.7% | 1 | 922€ |
| 2763 | Tikhonov03291740 · Herceg Novi | <0.1% | 1,525€ | +54.5% | -7,739€ | -507.5% | 1 | 677€ |
| 2764 | Noras03609065 · Tivat | <0.1% | 1,521€ | -98.8% | -17,066€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,166€ |
| 2765 | Lovac-Sejo03288307 · Bijelo Polje | <0.1% | 1,508€ | -76.4% | -15,001€ | -994.8% | 2 | 675€ |
| 2766 | Ar Hotels03684679 · Herceg Novi | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,898€ | -126.5% | 1 | — |
| 2767 | Ar Living Montenegro03684725 · Herceg Novi | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,891€ | -126.1% | 1 | — |
| 2768 | Roganović & Co Žak - Staki02306336 · Kotor | <0.1% | 1,500€ | +253.8% | -39,069€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 778€ |
| 2769 | Atos02637413 · Žabljak | <0.1% | 1,490€ | 0.0% | -6,932€ | -465.2% | 2 | 340€ |
| 2770 | Ben Company03803449 · Bijelo Polje | <0.1% | 1,481€ | No filing for 2024. | -1,674€ | -113.0% | 2 | — |
| 2771 | Arbana03252132 · Ulcinj | <0.1% | 1,465€ | -60.8% | -11,562€ | -789.2% | 1 | 1,011€ |
| 2772 | Restoran Dobrina03355543 · Danilovgrad | <0.1% | 1,412€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,249€ | -867.5% | 2 | 504€ |
| 2773 | Baykonur03351335 · Bar | <0.1% | 1,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,739€ | -481.4% | 1 | 675€ |
| 2774 | Lignum03434125 · Podgorica | <0.1% | 1,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,958€ | -211.3% | 1 | 338€ |
| 2775 | SJR3 Chalets03633420 · Budva | <0.1% | 1,400€ | +8,135.3% | -86,100€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 352€ |
| 2776 | Njupanjup03795837 · Podgorica | <0.1% | 1,323€ | No filing for 2024. | -816€ | -61.7% | 0 | — |
| 2777 | Aquastatin-M02934043 · Podgorica | <0.1% | 1,318€ | -73.1% | -3,994€ | -303.0% | 2 | — |
| 2778 | Blue Dolphin03235076 · Podgorica | <0.1% | 1,317€ | -89.1% | -10,380€ | -788.2% | 1 | 375€ |
| 2779 | Bayko Company03485579 · Podgorica | <0.1% | 1,312€ | -98.2% | -1,309€ | -99.8% | 1 | — |
| 2780 | Man02773694 · Budva | <0.1% | 1,288€ | -15.3% | -17,512€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 637€ |
| 2781 | Zero Gravity03352943 · Podgorica | <0.1% | 1,261€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,222€ | -414.1% | 1 | 339€ |
| 2782 | MM Đalović03803473 · Bijelo Polje | <0.1% | 1,248€ | No filing for 2024. | -896€ | -71.8% | 1 | — |
| 2783 | Imperial Beach Av02982617 · Ulcinj | <0.1% | 1,240€ | -99.4% | 339€ | 27.3% | 1 | — |
| 2784 | Gaming Centar Sova03473945 · Bar | <0.1% | 1,230€ | -79.5% | -19,737€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 938€ |
| 2785 | Vrelo DVM03595820 · Danilovgrad | <0.1% | 1,200€ | -62.0% | -1,336€ | -111.3% | 1 | — |
| 2786 | Fasolka03396894 · Herceg Novi | <0.1% | 1,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,963€ | -663.6% | 1 | 678€ |
| 2787 | Atropatena03772918 · Budva | <0.1% | 1,192€ | No filing for 2024. | -12,278€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | — |
| 2788 | Oziela03602290 · Podgorica | <0.1% | 1,170€ | -88.8% | -11,215€ | -958.5% | 1 | 678€ |
| 2789 | Slovenska Aliansa02428938 · Herceg Novi | <0.1% | 1,137€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,264€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 394€ |
| 2790 | Riad Restaurant03297926 · Ulcinj | <0.1% | 1,128€ | -81.3% | -4,931€ | -437.1% | 1 | 340€ |
| 2791 | Stem Imperija03803058 · Podgorica | <0.1% | 1,124€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 2792 | Town Center Group03590682 · Budva | <0.1% | 1,095€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,548€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 693€ |
| 2793 | Ponta CO.03104559 · Podgorica | <0.1% | 1,094€ | -52.1% | -1,471€ | -134.5% | 1 | — |
| 2794 | Budvanka Vila02752263 · Budva | <0.1% | 1,000€ | -57.4% | -1,906€ | -190.6% | 1 | — |
| 2795 | Lakoca03474623 · Bar | <0.1% | 1,000€ | +400.0% | -8,361€ | -836.1% | 1 | 678€ |
| 2796 | Fundamentals03479820 · Herceg Novi | <0.1% | 965€ | -84.5% | -11,684€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 931€ |
| 2797 | Novidia03228053 · Budva | <0.1% | 933€ | -90.2% | -29,565€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2798 | Seven Holidays03240282 · Budva | <0.1% | 900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,683€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 2799 | Kolektor Sacg03287335 · Podgorica | <0.1% | 900€ | -93.5% | -1,134€ | -126.0% | 1 | — |
| 2800 | Vrbas CG03129128 · Herceg Novi | <0.1% | 867€ | -88.5% | -2€ | -0.2% | 1 | — |