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 3101–3150 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* |
|---|
| 3101 | Hikmetoglu03537234 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3102 | HMK & Associates03014223 · Kotor | 0.0% | 0€ | -100.0% | -14,205€ | — | 1 | 1,020€ |
| 3103 | H&MK03299171 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3104 | Homes & Villas BY Eid03465128 · Ulcinj | 0.0% | 0€ | -100.0% | -13,846€ | — | 1 | 700€ |
| 3105 | Horošo Bar03776956 · Bar | 0.0% | 0€ | No filing for 2024. | -2,925€ | — | 1 | — |
| 3106 | Hosk03582094 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,219€ | — | 1 | 675€ |
| 3107 | Hospitality Comrades03399621 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,446€ | — | 1 | 480€ |
| 3108 | Hotel Minka-Plavsko Jezero03106217 · Plav | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -62,970€ | — | 3 | 759€ |
| 3109 | Hotel Sidro02784998 · Bar | 0.0% | 0€ | -100.0% | -101,178€ | — | 2 | 2,320€ |
| 3110 | Hotelski Menadžment Mne03700267 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,998€ | — | 1 | 667€ |
| 3111 | I&I Brothers03797082 · Budva | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 3112 | Ilitaš03614107 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,909€ | — | 1 | 602€ |
| 3113 | Iliywka03788431 · Budva | 0.0% | 0€ | No filing for 2024. | -1,286€ | — | 1 | — |
| 3114 | Il Mare Mne03668746 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3115 | Inci Montenegro03771733 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,767€ | — | 0 | — |
| 3116 | Inter Ami03775313 · Budva | 0.0% | 0€ | No filing for 2024. | -2,904€ | — | 1 | — |
| 3117 | Internacional Budva03001474 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 3118 | Introyal03642844 · Podgorica | 0.0% | 0€ | No filing for 2024. | -12,567€ | — | 1 | 654€ |
| 3119 | Ipek Asli03776484 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -3,099€ | — | 1 | — |
| 3120 | Jago Company03795764 · Tivat | 0.0% | 0€ | No filing for 2024. | -2,088€ | — | 1 | — |
| 3121 | Jelena 24.0303505332 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,042€ | — | 1 | — |
| 3122 | Jovan Consulting03700933 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,186€ | — | 1 | 676€ |
| 3123 | Julion Group03766870 · Budva | 0.0% | 0€ | No filing for 2024. | -4,498€ | — | 1 | 373€ |
| 3124 | Kaaysu03735818 · Budva | 0.0% | 0€ | No filing for 2024. | -5,627€ | — | 1 | 469€ |
| 3125 | Kapetanov Sto03761142 · Budva | 0.0% | 0€ | No filing for 2024. | -3,587€ | — | 1 | — |
| 3126 | Karltrans.Mne03493563 · Budva | 0.0% | 0€ | -100.0% | -11,919€ | — | 1 | 916€ |
| 3127 | Kartinin Tech03492141 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,300€ | — | 2 | 675€ |
| 3128 | K-Chicken03637468 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,883€ | — | 1 | 670€ |
| 3129 | KC Organization03630382 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3130 | Kelberg Park03228754 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,470€ | — | 1 | 339€ |
| 3131 | Kerefeka03527492 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,425€ | — | 1 | 678€ |
| 3132 | Kitež Company03544281 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,239€ | — | 1 | 678€ |
| 3133 | KJ Group03109828 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,640€ | — | 1 | — |
| 3134 | Klub Firma03753310 · Berane | 0.0% | 0€ | No filing for 2024. | -608€ | — | 1 | — |
| 3135 | Dobrota03795446 · Kotor | 0.0% | 0€ | No filing for 2024. | -2,216€ | — | 1 | — |
| 3136 | Kolpakoff03440451 · Budva | 0.0% | 0€ | -100.0% | -9,865€ | — | 1 | 676€ |
| 3137 | Kompromat03645339 · Podgorica | 0.0% | 0€ | No filing for 2024. | -901€ | — | 1 | — |
| 3138 | Korab - E03200515 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,742€ | — | 1 | 670€ |
| 3139 | Kozomara02352265 · Herceg Novi | 0.0% | 0€ | -100.0% | -14,564€ | — | 1 | 932€ |
| 3140 | Kristal-3D03239829 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,141€ | — | 1 | 678€ |
| 3141 | Kulla E Balshajve03067475 · Ulcinj | 0.0% | 0€ | -100.0% | -4,688€ | — | 1 | — |
| 3142 | Kumax Four03376362 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3143 | Lagoon03679152 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,582€ | — | 1 | 674€ |
| 3144 | Lanas Trade03392759 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 3145 | Lapčići View03487555 · Budva | 0.0% | 0€ | -100.0% | -22,934€ | — | 1 | 304€ |
| 3146 | Lariđo03049981 · Podgorica | 0.0% | 0€ | -100.0% | -52,170€ | — | 1 | — |
| 3147 | La Via03215482 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3148 | L&D Group03400174 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3149 | Lena Montenegrina03577171 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,087€ | — | 1 | 673€ |
| 3150 | Life Online03329780 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,811€ | — | 2 | 670€ |