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 101–150 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* |
|---|
| 101 | Vojas International03559513 · Kotor | <0.1% | 329,848€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -213,532€ | -64.7% | 9 | 2,270€ |
| 102 | Zazen Health03262715 · Kotor | <0.1% | 325,563€ | +102.4% | 134,134€ | 41.2% | 13 | 913€ |
| 103 | Javna Ustanova Gradska Biblioteka i Čitaonica Herceg Novi02023113 · Herceg Novi | <0.1% | 322,412€ | No filing for 2024. | 0€ | 0.0% | 10 | 1,522€ |
| 104 | SK Events03723976 · Podgorica | <0.1% | 319,059€ | No filing for 2024. | 15,743€ | 4.9% | 1 | 1,931€ |
| 105 | Centar za Kulturu Prijestonice03573982 · Cetinje | <0.1% | 317,715€ | -23.3% | 0€ | 0.0% | 8 | 2,448€ |
| 106 | Lutrija Crne Gore02019230 · Podgorica | <0.1% | 316,153€ | -84.6% | -497,738€ | -157.4% | 60 | 508€ |
| 107 | MM Leisure Investments03534294 · Podgorica | <0.1% | 315,000€ | +503.8% | -159,073€ | -50.5% | 7 | 1,079€ |
| 108 | Radio - Kotor02042789 · Kotor | <0.1% | 314,747€ | +27.3% | 38,735€ | 12.3% | 13 | 1,544€ |
| 109 | Omc Company02300141 · Bar | <0.1% | 309,881€ | -13.3% | 5,399€ | 1.7% | 4 | 655€ |
| 110 | Radio Tivat02368811 · Tivat | <0.1% | 307,751€ | +14.2% | 5,412€ | 1.8% | 17 | 1,114€ |
| 111 | Agencija za Razvoj i Zaštitu Orjena03222985 · Herceg Novi | <0.1% | 307,425€ | -6.4% | -33,313€ | -10.8% | 22 | 1,134€ |
| 112 | Lake Fest03035441 · Nikšić | <0.1% | 304,617€ | +2.1% | 20,536€ | 6.7% | 1 | 16,972€ |
| 113 | Terzo03365239 · Herceg Novi | <0.1% | 302,715€ | +29.4% | 4,070€ | 1.3% | 9 | 594€ |
| 114 | Stage02902257 · Podgorica | <0.1% | 302,020€ | +37.2% | 22,085€ | 7.3% | 1 | 3,350€ |
| 115 | Game Cezar03039099 · Podgorica | <0.1% | 302,020€ | +17.5% | 71,551€ | 23.7% | 14 | 883€ |
| 116 | Teatro Mne03287475 · Budva | <0.1% | 294,506€ | -8.6% | -26,020€ | -8.8% | 14 | 643€ |
| 117 | Media Solution03028054 · Podgorica | <0.1% | 293,318€ | -1.4% | 1,988€ | 0.7% | 4 | 2,280€ |
| 118 | Media International Corporation02421682 · Podgorica | <0.1% | 291,218€ | +3.8% | 81,319€ | 27.9% | 10 | 953€ |
| 119 | Protos Film03387747 · Podgorica | <0.1% | 287,271€ | +215.6% | 3,765€ | 1.3% | 1 | 11,297€ |
| 120 | The Collection03186318 · Podgorica | <0.1% | 286,017€ | -11.5% | 12,171€ | 4.3% | 3 | 2,526€ |
| 121 | Društvo Digital Dab02790092 · Podgorica | <0.1% | 285,815€ | -29.0% | 545€ | 0.2% | 8 | 662€ |
| 122 | Centar za Sport i Rekreaciju02078333 · Pljevlja | <0.1% | 277,752€ | +2.2% | 35,997€ | 13.0% | 15 | 1,058€ |
| 123 | Evropska Mreža Organizacija za Monitoring Izbora11036163 · Podgorica | <0.1% | 276,809€ | -75.8% | 0€ | 0.0% | 1 | 19,937€ |
| 124 | Radio Bijelo Polje02014602 · Bijelo Polje | <0.1% | 260,911€ | +25.1% | 7,961€ | 3.1% | 12 | 1,280€ |
| 125 | Univerzitetski Sportsko-Kulturni Centar03086127 · Podgorica | <0.1% | 258,770€ | +28.0% | 16,728€ | 6.5% | 11 | 1,113€ |
| 126 | Radio i Televizija Cetinje02879930 · Cetinje | <0.1% | 257,725€ | +11.9% | 12,168€ | 4.7% | 16 | 1,062€ |
| 127 | Centar za Kulturu02012464 · Žabljak | <0.1% | 254,567€ | +71.5% | 73,012€ | 28.7% | 9 | 951€ |
| 128 | Javna Ustanova Muzej Bijelo Polje03119556 · Bijelo Polje | <0.1% | 252,647€ | +15.1% | 38,421€ | 15.2% | 12 | 1,123€ |
| 129 | Faktorijel03515524 · Podgorica | <0.1% | 248,005€ | +8.3% | 23,411€ | 9.4% | 10 | 755€ |
| 130 | Fourth Wall Production03430472 · Podgorica | <0.1% | 247,706€ | +54.2% | 28,201€ | 11.4% | 1 | 11,474€ |
| 131 | Limitless Nbo03294196 · Podgorica | <0.1% | 247,061€ | +56.3% | 229€ | 0.1% | 21 | 618€ |
| 132 | Fokalizator03210260 · Podgorica | <0.1% | 244,132€ | +2.0% | 3,177€ | 1.3% | 9 | 1,085€ |
| 133 | Piramida Sport03107175 · Pljevlja | <0.1% | 241,611€ | +116.4% | 80,785€ | 33.4% | 5 | 626€ |
| 134 | Kite Montenegro03313565 · Ulcinj | <0.1% | 240,911€ | +4.4% | -23,139€ | -9.6% | 5 | 1,463€ |
| 135 | Total Fitness03610179 · Podgorica | <0.1% | 239,597€ | +35.4% | 18,592€ | 7.8% | 8 | 949€ |
| 136 | Media M03439623 · Podgorica | <0.1% | 237,967€ | -3.7% | 11,155€ | 4.7% | 1 | 5,986€ |
| 137 | Partner Media03298116 · Nikšić | <0.1% | 237,470€ | +64.9% | 19,963€ | 8.4% | 4 | 2,252€ |
| 138 | Ski Centar Hajla03078698 · Rožaje | <0.1% | 236,694€ | +34.5% | 35,549€ | 15.0% | 14 | 947€ |
| 139 | Dale Company02647753 · Nikšić | <0.1% | 235,470€ | +133.9% | 44,720€ | 19.0% | 1 | 3,134€ |
| 140 | MZRBQ Capital03538494 · Podgorica | <0.1% | 235,003€ | +114.7% | 68,983€ | 29.4% | 1 | 678€ |
| 141 | Mikulia03002187 · Bar | <0.1% | 231,792€ | +356,503.1% | 10,370€ | 4.5% | 1 | — |
| 142 | Blackmountain Filmproduction and Marketing03390209 · Bar | <0.1% | 230,026€ | -14.2% | 8,763€ | 3.8% | 2 | 1,066€ |
| 143 | Park Prirode Komovi03207471 · Andrijevica | <0.1% | 223,994€ | +8.8% | -21,476€ | -9.6% | 20 | 887€ |
| 144 | Neboelectronic02051095 · Podgorica | <0.1% | 222,880€ | +1.7% | -17,794€ | -8.0% | 5 | 992€ |
| 145 | Code Blue Production03012522 · Podgorica | <0.1% | 222,639€ | +1,452.4% | 0€ | 0.0% | 1 | 11,023€ |
| 146 | Trida-Me03077900 · Budva | <0.1% | 212,874€ | -16.7% | -9,238€ | -4.3% | 1 | 404€ |
| 147 | Gradska Biblioteka03377164 · Tivat | <0.1% | 208,448€ | +41.0% | 0€ | 0.0% | 5 | 2,005€ |
| 148 | Anastasia Art02674815 · Ulcinj | <0.1% | 195,999€ | +1,927.1% | -64,359€ | -32.8% | 3 | 674€ |
| 149 | Giggling Goat Production03290352 · Podgorica | <0.1% | 194,843€ | +201.1% | 4,422€ | 2.3% | 1 | 11,362€ |
| 150 | Radio Televizija Ulcinj02899965 · Ulcinj | <0.1% | 194,000€ | -6.5% | 52,619€ | 27.1% | 8 | 1,266€ |