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 151–200 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* |
|---|
| 151 | Centar za Kulturu, Sport i Medije02763109 · Šavnik | <0.1% | 193,547€ | No filing for 2024. | 17,589€ | 9.1% | 7 | 1,462€ |
| 152 | Al Awwal02432056 · Tuzi | <0.1% | 192,844€ | +19.3% | 15,864€ | 8.2% | 4 | 641€ |
| 153 | Četvorka 44403608310 · Budva | <0.1% | 192,319€ | +49.3% | -10,891€ | -5.7% | 8 | 496€ |
| 154 | Atomic02933047 · Podgorica | <0.1% | 190,948€ | -12.9% | 20,763€ | 10.9% | 4 | 1,966€ |
| 155 | Adria TV03320260 · Podgorica | <0.1% | 189,236€ | -38.1% | -604,130€ | -319.2% | 50 | 1,077€ |
| 156 | Medical02909669 · Podgorica | <0.1% | 187,474€ | +43.8% | 41,172€ | 22.0% | 4 | 1,950€ |
| 157 | Sportska Dvorana02041570 · Tivat | <0.1% | 185,263€ | +17.3% | 14,084€ | 7.6% | 12 | 919€ |
| 158 | Cine Grand - MCF03777456 · Tivat | <0.1% | 185,210€ | No filing for 2024. | 58,157€ | 31.4% | 3 | 661€ |
| 159 | Realplay03296679 · Podgorica | <0.1% | 181,033€ | +75.6% | 43,712€ | 24.1% | 2 | 602€ |
| 160 | Ada02423090 · Pljevlja | <0.1% | 180,133€ | +30.7% | -73,348€ | -40.7% | 9 | 569€ |
| 161 | Kamarad Produkcija MD Mne03748529 · Podgorica | <0.1% | 179,034€ | No filing for 2024. | 60,138€ | 33.6% | 1 | 552€ |
| 162 | Proevent03698084 · Nikšić | <0.1% | 175,701€ | +2,340.0% | 39,856€ | 22.7% | 3 | 1,642€ |
| 163 | Montevegas02694972 · Podgorica | <0.1% | 173,030€ | -46.2% | -123,197€ | -71.2% | 6 | 1,435€ |
| 164 | M.D. Company02338629 · Podgorica | <0.1% | 169,927€ | -4.4% | 9,097€ | 5.4% | 2 | 3,506€ |
| 165 | LX Events03451488 · Tivat | <0.1% | 169,909€ | +71.6% | 101,576€ | 59.8% | 1 | 998€ |
| 166 | Luel02379902 · Tivat | <0.1% | 166,253€ | +216.7% | -43,285€ | -26.0% | 2 | 619€ |
| 167 | Nand03120341 · Budva | <0.1% | 166,089€ | +348.6% | 61,674€ | 37.1% | 4 | 610€ |
| 168 | VK102814625 · Podgorica | <0.1% | 164,262€ | +7.6% | 4,094€ | 2.5% | 8 | 587€ |
| 169 | Komuna02281023 · Budva | <0.1% | 162,694€ | +8.9% | 1,996€ | 1.2% | 5 | 1,639€ |
| 170 | MRC03111598 · Budva | <0.1% | 160,993€ | +38.0% | 17,818€ | 11.1% | 4 | 647€ |
| 171 | Easy Production03410226 · Podgorica | <0.1% | 160,208€ | +11.3% | 17,319€ | 10.8% | 1 | 4,662€ |
| 172 | Body & Mind Montenegro03179761 · Podgorica | <0.1% | 160,164€ | +28.6% | 11,638€ | 7.3% | 5 | 1,457€ |
| 173 | Almara02967022 · Podgorica | <0.1% | 160,000€ | -20.0% | 104,568€ | 65.4% | 1 | — |
| 174 | Ikre02365324 · Rožaje | <0.1% | 159,361€ | +6.7% | -18,057€ | -11.3% | 7 | 1,903€ |
| 175 | Paladium02459221 · Bar | <0.1% | 155,537€ | +20.9% | 17,995€ | 11.6% | 6 | 898€ |
| 176 | Santa Fe02375788 · Podgorica | <0.1% | 153,555€ | +78.6% | -20,031€ | -13.0% | 6 | 477€ |
| 177 | Morska Obala02275716 · Budva | <0.1% | 152,821€ | -44.4% | -39,165€ | -25.6% | 4 | 637€ |
| 178 | B3 Creative Solutions03562514 · Bar | <0.1% | 148,839€ | +106.1% | 15,503€ | 10.4% | 1 | 9,011€ |
| 179 | Lokalni Javni Emiter Radio Andrijevica02410028 · Andrijevica | <0.1% | 145,211€ | No filing for 2024. | 128€ | 0.1% | 15 | 705€ |
| 180 | Durmitor Adventure03217892 · Žabljak | <0.1% | 143,521€ | -28.1% | -23,540€ | -16.4% | 3 | 1,267€ |
| 181 | Montenegro Event Agency02787962 · Podgorica | <0.1% | 143,394€ | -22.0% | -8,014€ | -5.6% | 1 | 9,752€ |
| 182 | LH Marketing03550273 · Budva | <0.1% | 141,952€ | +204.1% | 19,010€ | 13.4% | 1 | 1,984€ |
| 183 | Waterfall03057747 · Plužine | <0.1% | 141,532€ | +1.5% | 6,511€ | 4.6% | 2 | 1,753€ |
| 184 | Boin02323630 · Tuzi | <0.1% | 140,249€ | +50.0% | 40,218€ | 28.7% | 4 | 1,392€ |
| 185 | Lovćen Film02966964 · Budva | <0.1% | 139,904€ | +510.8% | 8,943€ | 6.4% | 2 | 1,088€ |
| 186 | Balkan Art03487652 · Budva | <0.1% | 139,698€ | +106.1% | 9,277€ | 6.6% | 5 | 743€ |
| 187 | Cezam Production03153100 · Podgorica | <0.1% | 136,877€ | +109.2% | 11,437€ | 8.4% | 1 | 7,569€ |
| 188 | Kotorart Festival03193659 · Kotor | <0.1% | 136,454€ | +24.0% | -17,497€ | -12.8% | 1 | 6,209€ |
| 189 | Pljevaljske Novine02398753 · Pljevlja | <0.1% | 136,196€ | +2.8% | 3,402€ | 2.5% | 6 | 1,283€ |
| 190 | Clue03277500 · Podgorica | <0.1% | 136,066€ | +1.9% | 350€ | 0.3% | 6 | 894€ |
| 191 | CHS-Online03476057 · Bar | <0.1% | 129,833€ | +156.3% | 15,552€ | 12.0% | 6 | 1,037€ |
| 192 | Monpit02781786 · Ulcinj | <0.1% | 127,994€ | +4.2% | 32,336€ | 25.3% | 2 | — |
| 193 | Fitness Original03041654 · Budva | <0.1% | 127,060€ | +62.5% | 21,191€ | 16.7% | 4 | 908€ |
| 194 | Vinyl M03184013 · Budva | <0.1% | 125,217€ | +111.1% | 51,357€ | 41.0% | 1 | 1,395€ |
| 195 | Lokalni Javni Emiter Radio Danilovgrad02289512 · Danilovgrad | <0.1% | 123,309€ | +14.3% | 1,643€ | 1.3% | 8 | 812€ |
| 196 | Nec02267748 · Podgorica | <0.1% | 120,754€ | +12.1% | 27,656€ | 22.9% | 2 | 1,028€ |
| 197 | Stadion i Sportski Objekti Cetinje03768465 · Cetinje | <0.1% | 120,000€ | No filing for 2024. | 610€ | 0.5% | 15 | 303€ |
| 198 | Lexa-Miri Media03620751 · Podgorica | <0.1% | 119,381€ | +146.1% | 2,015€ | 1.7% | 2 | 3,970€ |
| 199 | Dragišnica i Komarnica03168654 · Šavnik | <0.1% | 117,516€ | +26.2% | -364€ | -0.3% | 4 | 1,881€ |
| 200 | Despotović Group03252167 · Podgorica | <0.1% | 117,451€ | -57.2% | 99,767€ | 84.9% | 1 | 340€ |