Revenue
2.6% of Montenegro's revenue
1,100 companies earned 458.85m€ in 2025, 2.6% of all company revenue in Montenegro. It ranks 9 of 18 sectors by revenue. Revenue has grown 2.8× since 2015.
2.6% of Montenegro's revenue
698 with at most one employee
Largest employer: JP RT Crne Gore - Podgorica (743)
Total profit: 55.95m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 161,664,788€ | 355 |
| 2016 | 187,411,974€ | 387 |
| 2017 | 156,909,552€ | 420 |
| 2018 | 201,110,217€ | 483 |
| 2019 | 213,739,435€ | 524 |
| 2020 | 189,430,367€ | 576 |
| 2021 | 264,330,805€ | 619 |
| 2022 | 304,663,433€ | 784 |
| 2023 | 358,532,955€ | 935 |
| 2024 | 418,593,407€ | 1,021 |
| 2025 (Preliminary) | 458,854,259€ | 1,100 |
The number of companies jumped most in 2022: from 619 to 784.
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 701–750 of 1,100
* 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 17 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* |
|---|
| 701 | Yarilo03401693 · Bar | <0.1% | 3,148€ | -94.6% | -5,113€ | -162.4% | 1 | 678€ |
| 702 | F9.903777618 · Podgorica | <0.1% | 3,100€ | No filing for 2024. | 196€ | 6.3% | 1 | — |
| 703 | Pilates Reformer Studio03782646 · Herceg Novi | <0.1% | 3,080€ | No filing for 2024. | -4,026€ | -130.7% | 2 | — |
| 704 | Gold GYM Mne03789900 · Podgorica | <0.1% | 3,054€ | No filing for 2024. | -449€ | -14.7% | 2 | — |
| 705 | Ninnete03760448 · Bar | <0.1% | 3,000€ | No filing for 2024. | 114€ | 3.8% | 1 | — |
| 706 | Founder03687058 · Podgorica | <0.1% | 2,940€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,130€ | -446.6% | 3 | 414€ |
| 707 | Saravlato03782158 · Podgorica | <0.1% | 2,880€ | No filing for 2024. | -304€ | -10.6% | 0 | — |
| 708 | Elikidz03513483 · Podgorica | <0.1% | 2,855€ | +41.1% | -14,871€ | -520.9% | 1 | 677€ |
| 709 | DVS Studio03770397 · Podgorica | <0.1% | 2,798€ | No filing for 2024. | -4,211€ | -150.5% | 1 | — |
| 710 | Mad Bat03150917 · Herceg Novi | <0.1% | 2,760€ | +360.0% | -898€ | -32.5% | 1 | — |
| 711 | Ap Production Creative Hub03349543 · Danilovgrad | <0.1% | 2,754€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -889€ | -32.3% | 1 | — |
| 712 | Notron Medya Danismanlik Ve Iletisim03454525 · Budva | <0.1% | 2,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,754€ | -209.2% | 1 | 678€ |
| 713 | Take Five03805026 · Podgorica | <0.1% | 2,720€ | No filing for 2024. | 666€ | 24.5% | 1 | — |
| 714 | Dječiji Park03674436 · Bar | <0.1% | 2,710€ | -59.1% | -75€ | -2.8% | 1 | — |
| 715 | Eko Selo Drobnjak03336093 · Pljevlja | <0.1% | 2,535€ | +512.3% | -1,658€ | -65.4% | 1 | — |
| 716 | Arbor03787460 · Podgorica | <0.1% | 2,517€ | No filing for 2024. | -4,769€ | -189.5% | 0 | — |
| 717 | Real Team Mne03743926 · Nikšić | <0.1% | 2,500€ | No filing for 2024. | -3,810€ | -152.4% | 1 | 519€ |
| 718 | Crystal Lotus03423212 · Budva | <0.1% | 2,450€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,582€ | -268.7% | 1 | 677€ |
| 719 | Red Apple03436136 · Budva | <0.1% | 2,405€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,708€ | -736.3% | 2 | 808€ |
| 720 | Wykiwyl Montenegro03324494 · Bar | <0.1% | 2,400€ | -91.8% | -28,949€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 668€ |
| 721 | Ku Pro03776999 · Herceg Novi | <0.1% | 2,360€ | No filing for 2024. | -977€ | -41.4% | 1 | — |
| 722 | Chessfirst03503127 · Budva | <0.1% | 2,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,627€ | -294.5% | 1 | 670€ |
| 723 | Canyon03454118 · Nikšić | <0.1% | 2,200€ | -82.7% | -1,937€ | -88.0% | 1 | — |
| 724 | Sfera Zvuka03755371 · Podgorica | <0.1% | 2,200€ | No filing for 2024. | -7,284€ | -331.1% | 1 | 634€ |
| 725 | Džep sa Tajnama03474291 · Cetinje | <0.1% | 2,165€ | +116.5% | -8,561€ | -395.4% | 2 | 414€ |
| 726 | Zlatna Iglaski03702863 · Podgorica | <0.1% | 2,145€ | No filing for 2024. | -4,946€ | -230.6% | 1 | 585€ |
| 727 | Culturum.Life03541410 · Herceg Novi | <0.1% | 2,070€ | -69.7% | -9,179€ | -443.4% | 1 | 927€ |
| 728 | Discover Balkans03734056 · Tivat | <0.1% | 2,000€ | No filing for 2024. | -5,455€ | -272.8% | 1 | 536€ |
| 729 | Sup Lif03617734 · Podgorica | <0.1% | 2,000€ | -95.1% | -12,706€ | -635.3% | 1 | 802€ |
| 730 | Dogma Produkcija03650413 · Podgorica | <0.1% | 2,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,517€ | -375.9% | 1 | 793€ |
| 731 | Swiss Capital Partners03736989 · Tivat | <0.1% | 2,000€ | No filing for 2024. | -6,278€ | -313.9% | 1 | 564€ |
| 732 | YM Art03556573 · Podgorica | <0.1% | 2,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,550€ | -327.5% | 1 | 676€ |
| 733 | Bogart Produkcija03615685 · Podgorica | <0.1% | 1,960€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,224€ | -113.5% | 1 | — |
| 734 | Orsp03788580 · Podgorica | <0.1% | 1,949€ | No filing for 2024. | -735€ | -37.7% | 1 | — |
| 735 | Bekolino03276309 · Nikšić | <0.1% | 1,945€ | -56.1% | -8,938€ | -459.5% | 1 | 678€ |
| 736 | Bombastic Fitness Centar03169812 · Nikšić | <0.1% | 1,903€ | -83.5% | -8,761€ | -460.4% | 1 | 677€ |
| 737 | Lp&Sons03481557 · Budva | <0.1% | 1,870€ | +3.9% | -10,309€ | -551.3% | 1 | 920€ |
| 738 | Spark Fitness & Performance03737454 · Podgorica | <0.1% | 1,810€ | No filing for 2024. | -12,040€ | -665.2% | 1 | 994€ |
| 739 | Mek Internasyonal03696502 · Budva | <0.1% | 1,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,120€ | -235.4% | 1 | 489€ |
| 740 | Kaća & Sofija03408582 · Kotor | <0.1% | 1,722€ | -74.7% | -6,193€ | -359.6% | 1 | 360€ |
| 741 | Mina's Bliss Body Space03797848 · Nikšić | <0.1% | 1,718€ | No filing for 2024. | 636€ | 37.0% | 1 | — |
| 742 | Element -X03470598 · Tivat | <0.1% | 1,650€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,618€ | -825.3% | 1 | 931€ |
| 743 | Germy Bast03556662 · Herceg Novi | <0.1% | 1,620€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,544€ | -404.0% | 1 | 675€ |
| 744 | Exploring Montenegro03750868 · Budva | <0.1% | 1,550€ | No filing for 2024. | -3,361€ | -216.8% | 1 | 376€ |
| 745 | Darkrabbit03550419 · Kotor | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,059€ | -403.9% | 1 | 621€ |
| 746 | Live Real03394557 · Podgorica | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,887€ | -592.5% | 1 | 929€ |
| 747 | Glacier03676471 · Podgorica | <0.1% | 1,414€ | -59.6% | -18,438€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 538€ |
| 748 | Perekhod03379604 · Budva | <0.1% | 1,400€ | +100.0% | -9,850€ | -703.6% | 1 | 926€ |
| 749 | S&N Lion King03699226 · Podgorica | <0.1% | 1,358€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,888€ | -286.3% | 1 | 343€ |
| 750 | Bibi Film03298019 · Podgorica | <0.1% | 1,300€ | -94.0% | -4,756€ | -365.8% | 1 | 302€ |