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 2851–2900 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* |
|---|
| 2851 | Žel02781891 · Tivat | <0.1% | 17€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,661€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2852 | Unity Brothers Investments03641597 · Podgorica | <0.1% | 16€ | +60.0% | -9,652€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 336€ |
| 2853 | Prana Pizza03697410 · Budva | <0.1% | 14€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,267€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2854 | Arcadia03034992 · Podgorica | <0.1% | 10€ | -100.0% | -20,548€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 2855 | Montecubano03097218 · Bar | <0.1% | 7€ | -100.0% | -103,651€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 959€ |
| 2856 | Hermitage Holdings03679390 · Tivat | <0.1% | 5€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -128,755€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,112€ |
| 2857 | Monteko Invest03640043 · Nikšić | <0.1% | 5€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,520€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2858 | Baza03187179 · Budva | <0.1% | 4€ | No filing for 2024. | -16,575€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 590€ |
| 2859 | Borus Company03287629 · Budva | <0.1% | 3€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,041€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2860 | Marinaio02806797 · Kotor | <0.1% | 3€ | -100.0% | -15,551€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 961€ |
| 2861 | Kuljače Investment03126994 · Podgorica | <0.1% | 3€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -579,991€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 4,736€ |
| 2862 | Larisa Company02950146 · Tivat | <0.1% | 2€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,729€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 678€ |
| 2863 | Mediterranean Hospitality Solutions Bureau03352331 · Bar | <0.1% | 2€ | -100.0% | -19,455€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 475€ |
| 2864 | Advancement Holding03645924 · Bar | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,191€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2865 | Đinobili03612139 · Podgorica | <0.1% | 1€ | -100.0% | 0€ | 0.0% | 1 | — |
| 2866 | Đomex02839962 · Kotor | <0.1% | 1€ | -100.0% | -8,278€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2867 | Dedvukaj03229360 · Tuzi | <0.1% | 1€ | 0.0% | 0€ | 0.0% | 1 | — |
| 2868 | Fitorja J&E03501159 · Ulcinj | <0.1% | 1€ | 0.0% | 0€ | 0.0% | 1 | — |
| 2869 | Kan Montenegro03739058 · Podgorica | <0.1% | 1€ | No filing for 2024. | -277,507€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 12 | 977€ |
| 2870 | Mia Concept03810917 · Podgorica | <0.1% | 1€ | No filing for 2024. | -87€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2871 | Nilović Company03362876 · Nikšić | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,234€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 682€ |
| 2872 | Ocean Trade03524272 · Budva | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,900€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 728€ |
| 2873 | Trocadero02427958 · Budva | <0.1% | 1€ | 0.0% | -8,689€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 674€ |
| 2874 | Zana Worldwide03695131 · Bar | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,145€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2875 | 12 Mjeseci02741938 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -58,519€ | — | 4 | 698€ |
| 2876 | 2K-Tourism-Mne03781291 · Budva | 0.0% | 0€ | No filing for 2024. | -678€ | — | 1 | — |
| 2877 | 2M Murić03713822 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 2878 | 4. Oktobar03383393 · Plužine | 0.0% | 0€ | -100.0% | -2,492€ | — | 1 | — |
| 2879 | 6 Novembar02245370 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,141€ | — | 1 | 674€ |
| 2880 | Abelis03708560 · Bar | 0.0% | 0€ | No filing for 2024. | -4,455€ | — | 1 | 371€ |
| 2881 | Accent Restaurant03751961 · Budva | 0.0% | 0€ | No filing for 2024. | -5,463€ | — | 1 | 454€ |
| 2882 | Accio03793443 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,597€ | — | 1 | — |
| 2883 | Adelaide - Montenegro02427885 · Budva | 0.0% | 0€ | -100.0% | -12,123€ | — | 1 | 677€ |
| 2884 | Ademir03244946 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,011€ | — | 1 | 678€ |
| 2885 | Adeptio03803007 · Budva | 0.0% | 0€ | No filing for 2024. | -1,361€ | — | 0 | — |
| 2886 | Aesha03289052 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,052€ | — | 1 | — |
| 2887 | S T A D i o N02021226 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,644€ | — | 1 | 642€ |
| 2888 | Alavie Group03684814 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,773€ | — | 1 | 773€ |
| 2889 | Al-Nahda LLC03581306 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2890 | Amarcord02837439 · Bar | 0.0% | 0€ | -100.0% | -6,342€ | — | 1 | — |
| 2891 | Amar D03353621 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,051€ | — | 1 | 338€ |
| 2892 | Andrej Junior03378675 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 679€ |
| 2893 | Arion RS03374068 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,184€ | — | 1 | 923€ |
| 2894 | Armas03287904 · Budva | 0.0% | 0€ | -100.0% | -9,723€ | — | 1 | 630€ |
| 2895 | Aronia Food Agriculture and Tourism Company03616428 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,094€ | — | 1 | 925€ |
| 2896 | Art Hub Hostel03370674 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,960€ | — | 1 | — |
| 2897 | Arya Monte Company03709752 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -90,408€ | — | 3 | 1,567€ |
| 2898 | Asden Group03531520 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,255€ | — | 1 | 928€ |
| 2899 | Asllani Company03801411 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -1,565€ | — | 1 | — |
| 2900 | Assa Travel03748324 · Budva | 0.0% | 0€ | No filing for 2024. | -9,495€ | — | 1 | 788€ |