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 3001–3050 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* |
|---|
| 3001 | Blue Living03801691 · Budva | 0.0% | 0€ | No filing for 2024. | -974€ | — | 1 | — |
| 3002 | Blue Paradise Bungalows03805271 · Plav | 0.0% | 0€ | No filing for 2024. | -762€ | — | 1 | — |
| 3003 | BMW03236277 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 3004 | Bobyrev Group03650502 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,993€ | — | 1 | 916€ |
| 3005 | Bofima03805735 · Kotor | 0.0% | 0€ | No filing for 2024. | -2,431€ | — | 1 | — |
| 3006 | Bogota03605809 · Herceg Novi | 0.0% | 0€ | -100.0% | -546€ | — | 1 | — |
| 3007 | Bold Ventures03662179 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,274€ | — | 1 | 678€ |
| 3008 | Boras03680312 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,112€ | — | 1 | 678€ |
| 3009 | Bosu03694542 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3010 | Brooklyn Trade03532216 · Kotor | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3011 | Bte Company03523349 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,375€ | — | 1 | — |
| 3012 | Budva M Apartments03268080 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,304€ | — | 2 | 630€ |
| 3013 | Caffe Napoli 202503809218 · Berane | 0.0% | 0€ | No filing for 2024. | -206€ | — | 1 | — |
| 3014 | Cakar03797244 · Podgorica | 0.0% | 0€ | No filing for 2024. | -923€ | — | 1 | — |
| 3015 | Camp Monte03743187 · Bar | 0.0% | 0€ | No filing for 2024. | -8,095€ | — | 1 | — |
| 3016 | Cano Mne03509052 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 3017 | Capelino03695662 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3018 | Casa Mia02937506 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,815€ | — | 1 | 677€ |
| 3019 | Coffee Consulate03351513 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3020 | Cona Jazz03636976 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,130€ | — | 1 | 2,505€ |
| 3021 | Crab Tourism03640876 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 3022 | Craft & Enjoy03782549 · Budva | 0.0% | 0€ | No filing for 2024. | -3,559€ | — | 2 | — |
| 3023 | Crestwood Resort & Spa03247724 · Podgorica | 0.0% | 0€ | -100.0% | -14,909€ | — | 1 | — |
| 3024 | Crown Company03501400 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,207€ | — | 1 | 677€ |
| 3025 | Čukovići03155676 · Budva | 0.0% | 0€ | -100.0% | -2,379€ | — | 1 | — |
| 3026 | Culina03227677 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,541€ | — | 1 | 413€ |
| 3027 | Cult Ulcinj03801969 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -960€ | — | 0 | — |
| 3028 | Dabo DMM03807576 · Berane | 0.0% | 0€ | No filing for 2024. | -791€ | — | 2 | — |
| 3029 | Dabsstudio03570207 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,583€ | — | 1 | — |
| 3030 | Da Chevron03661628 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,264€ | — | 1 | 689€ |
| 3031 | Dado 0603130207 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,262€ | — | 1 | 338€ |
| 3032 | Dal Mare03516156 · Ulcinj | 0.0% | 0€ | -100.0% | -1€ | — | 1 | — |
| 3033 | Dani Dušom03806472 · Berane | 0.0% | 0€ | No filing for 2024. | -1,128€ | — | 1 | — |
| 3034 | Daviduna Trade03304299 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,373€ | — | 1 | 341€ |
| 3035 | Dekatera03384128 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,573€ | — | 1 | 339€ |
| 3036 | Đekić D&M Company02466970 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 3037 | Deli Food03732827 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,369€ | — | 1 | — |
| 3038 | Delizia02784939 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 3039 | Delovie Ludy03378195 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3040 | Demirdag Investment03664287 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,143€ | — | 1 | 916€ |
| 3041 | Diceinvest03112373 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,189€ | — | 1 | 929€ |
| 3042 | Digicraft03684539 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 3043 | D & i Kitchen03436861 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3044 | Dilsa03721752 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,154€ | — | 1 | 346€ |
| 3045 | Div-Green03395448 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,465€ | — | 2 | — |
| 3046 | DKK Invest03680371 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,789€ | — | 1 | 547€ |
| 3047 | Doga’l03588807 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 3048 | Dogan Company03556514 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,142€ | — | 1 | — |
| 3049 | DRL Tech03520382 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,701€ | — | 1 | 675€ |
| 3050 | Dukapa03670414 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -416€ | — | 1 | — |