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 401–450 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* |
|---|
| 401 | Capital Business Solutions03308138 · Herceg Novi | <0.1% | 556,834€ | -4.0% | 17,913€ | 3.2% | 14 | 1,169€ |
| 402 | SZ Company03643697 · Budva | <0.1% | 556,566€ | +189.9% | 91,886€ | 16.5% | 7 | 1,592€ |
| 403 | Bocazur03273385 · Kotor | <0.1% | 551,135€ | +17.7% | 7,025€ | 1.3% | 7 | 1,931€ |
| 404 | Stara Krčma-Božović03093581 · Bijelo Polje | <0.1% | 549,959€ | +22.1% | 52,412€ | 9.5% | 13 | 738€ |
| 405 | Konoba Akustik 110403356531 · Kotor | <0.1% | 548,030€ | +41.9% | 53,238€ | 9.7% | 5 | 729€ |
| 406 | Braća Magud Plus03305295 · Kotor | <0.1% | 547,234€ | -15.5% | 48,195€ | 8.8% | 13 | 1,270€ |
| 407 | Kadmos03071049 · Budva | <0.1% | 545,801€ | -3.4% | 102,706€ | 18.8% | 9 | 1,067€ |
| 408 | No Limit Co02361973 · Cetinje | <0.1% | 544,733€ | -23.1% | 29,784€ | 5.5% | 10 | 668€ |
| 409 | Antonio Mne03401073 · Podgorica | <0.1% | 544,680€ | +56.3% | 12,843€ | 2.4% | 10 | 1,467€ |
| 410 | M Irena02370182 · Budva | <0.1% | 539,811€ | +22.7% | 55,055€ | 10.2% | 12 | 849€ |
| 411 | Handiwork JM03694216 · Podgorica | <0.1% | 539,507€ | No filing for 2024. | 95,645€ | 17.7% | 15 | 935€ |
| 412 | Mirišta02979519 · Herceg Novi | <0.1% | 538,798€ | -10.2% | 147,838€ | 27.4% | 7 | 1,315€ |
| 413 | Pepe Nero03411508 · Kotor | <0.1% | 535,906€ | +14.7% | 73,300€ | 13.7% | 9 | 1,406€ |
| 414 | Fortuna ŠR03345904 · Podgorica | <0.1% | 535,681€ | -20.1% | 26,182€ | 4.9% | 16 | 590€ |
| 415 | North Group03459853 · Nikšić | <0.1% | 531,945€ | +72.9% | 130,367€ | 24.5% | 5 | 1,007€ |
| 416 | Davals02931524 · Podgorica | <0.1% | 530,848€ | +9.8% | 9,241€ | 1.7% | 10 | 1,179€ |
| 417 | Isd02844273 · Herceg Novi | <0.1% | 530,306€ | +5.9% | -6,642€ | -1.3% | 16 | 575€ |
| 418 | Me Gusta03125076 · Podgorica | <0.1% | 523,126€ | +77.4% | 18,161€ | 3.5% | 5 | 451€ |
| 419 | Extra Plann Božović02312808 · Herceg Novi | <0.1% | 522,954€ | +19.7% | 4,438€ | 0.8% | 8 | 995€ |
| 420 | Mirror Beauty03091104 · Plužine | <0.1% | 522,636€ | +0.5% | 8,078€ | 1.5% | 5 | 740€ |
| 421 | Agape Group03699072 · Tivat | <0.1% | 521,694€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -81,453€ | -15.6% | 1 | 13,884€ |
| 422 | Casa03041395 · Herceg Novi | <0.1% | 519,255€ | +9.7% | 81,731€ | 15.7% | 6 | 1,132€ |
| 423 | Auto Centar Spuž03290719 · Danilovgrad | <0.1% | 518,860€ | +24.1% | 18,779€ | 3.6% | 15 | 955€ |
| 424 | Core03427021 · Podgorica | <0.1% | 517,466€ | +29.0% | -737€ | -0.1% | 15 | 1,069€ |
| 425 | Union Capital03766829 · Podgorica | <0.1% | 515,987€ | No filing for 2024. | 186,438€ | 36.1% | 22 | 514€ |
| 426 | Dravla - Trade02431459 · Budva | <0.1% | 515,830€ | +36.4% | 27,098€ | 5.3% | 17 | 814€ |
| 427 | Family Hotels Group03482375 · Budva | <0.1% | 514,840€ | +151.6% | -68,409€ | -13.3% | 7 | 1,929€ |
| 428 | Aquario02659077 · Budva | <0.1% | 514,733€ | +24.2% | 113,451€ | 22.0% | 6 | 1,511€ |
| 429 | Džo03066304 · Kotor | <0.1% | 514,690€ | +18.2% | 32,670€ | 6.3% | 9 | 1,143€ |
| 430 | Tasić Company03164292 · Podgorica | <0.1% | 511,935€ | +8.4% | 82,955€ | 16.2% | 9 | 573€ |
| 431 | Mare Nostrum02231603 · Herceg Novi | <0.1% | 511,899€ | +2.1% | 93,814€ | 18.3% | 3 | 6,039€ |
| 432 | Jamie's Italian Mne03704335 · Tivat | <0.1% | 511,638€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -257,635€ | -50.4% | 13 | 2,411€ |
| 433 | Zom Montenegro03373894 · Cetinje | <0.1% | 510,436€ | +266.9% | 26,742€ | 5.2% | 10 | 2,154€ |
| 434 | Monte Dream03368882 · Budva | <0.1% | 507,427€ | +8.3% | 6,294€ | 1.2% | 13 | 1,180€ |
| 435 | P.S. Company02672774 · Budva | <0.1% | 507,233€ | -24.7% | 42,622€ | 8.4% | 12 | 823€ |
| 436 | Menuet03236013 · Budva | <0.1% | 506,006€ | -7.7% | 3,031€ | 0.6% | 6 | 883€ |
| 437 | Grota02454262 · Kotor | <0.1% | 505,906€ | +14.1% | 55,030€ | 10.9% | 8 | 2,229€ |
| 438 | Aqua Resort03303217 · Plav | <0.1% | 503,267€ | +3.6% | 36,394€ | 7.2% | 14 | 816€ |
| 439 | Braća Kolović03254003 · Bar | <0.1% | 500,568€ | +81.1% | -41,395€ | -8.3% | 6 | 2,365€ |
| 440 | House Estate02667428 · Budva | <0.1% | 499,911€ | +63.0% | -40,501€ | -8.1% | 3 | 1,547€ |
| 441 | Lobelia02151901 · Herceg Novi | <0.1% | 499,786€ | +8.4% | 12,944€ | 2.6% | 4 | 4,149€ |
| 442 | Balloon02356597 · Kotor | <0.1% | 497,957€ | +76.4% | 138,216€ | 27.8% | 8 | 1,151€ |
| 443 | Al-Om Group03330184 · Bijelo Polje | <0.1% | 497,367€ | +44.8% | 39,725€ | 8.0% | 6 | 808€ |
| 444 | Spaghetti03286142 · Podgorica | <0.1% | 495,995€ | -5.1% | -65,106€ | -13.1% | 20 | 936€ |
| 445 | The Bridge03223507 · Podgorica | <0.1% | 495,976€ | -4.4% | 23,592€ | 4.8% | 10 | 1,058€ |
| 446 | Marić Company02354870 · Herceg Novi | <0.1% | 494,992€ | -6.8% | 40,214€ | 8.1% | 7 | 1,444€ |
| 447 | Horizont Invest Property Management03639088 · Budva | <0.1% | 494,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 57,951€ | 11.7% | 4 | 1,979€ |
| 448 | Zlatibor02688573 · Budva | <0.1% | 493,404€ | +21.5% | 159,509€ | 32.3% | 6 | 1,466€ |
| 449 | Stadio03211932 · Podgorica | <0.1% | 492,271€ | +27.5% | 52,984€ | 10.8% | 8 | 828€ |
| 450 | People's Company02380439 · Herceg Novi | <0.1% | 488,371€ | -6.9% | 8,041€ | 1.6% | 8 | 479€ |