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 401–450 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* |
|---|
| 401 | Monteroyal Pictures Internacional03201457 · Kotor | <0.1% | 25,000€ | -52.8% | 1,465€ | 5.9% | 1 | 1,660€ |
| 402 | Vilado03531104 · Podgorica | <0.1% | 24,943€ | +355.7% | -32,051€ | -128.5% | 5 | 350€ |
| 403 | Propela Media03572170 · Herceg Novi | <0.1% | 24,780€ | +25.7% | 6,723€ | 27.1% | 1 | 1,094€ |
| 404 | Power House03301834 · Podgorica | <0.1% | 24,666€ | -17.9% | -5,326€ | -21.6% | 1 | 1,223€ |
| 405 | Učitelj Miki03525015 · Podgorica | <0.1% | 24,280€ | +27.7% | 210€ | 0.9% | 1 | 1,476€ |
| 406 | Prima Trade Montenegro03646106 · Rožaje | <0.1% | 24,229€ | +61.4% | -17,131€ | -70.7% | 2 | 489€ |
| 407 | Taramount Film02861119 · Podgorica | <0.1% | 24,227€ | -26.7% | 905€ | 3.7% | 1 | 516€ |
| 408 | Im-Tabak03382656 · Bar | <0.1% | 24,200€ | +303.3% | 11,860€ | 49.0% | 1 | 502€ |
| 409 | Olymp 199703733327 · Podgorica | <0.1% | 24,049€ | No filing for 2024. | -5,886€ | -24.5% | 3 | 384€ |
| 410 | Lushticakids03174875 · Tivat | <0.1% | 23,888€ | +751.9% | -22,937€ | -96.0% | 1 | 920€ |
| 411 | Armando-Montenegro03548953 · Budva | <0.1% | 23,870€ | +225.2% | 8,730€ | 36.6% | 1 | 926€ |
| 412 | Zaharije Orfelin03468992 · Tivat | <0.1% | 23,675€ | -1.4% | 1,482€ | 6.3% | 1 | 929€ |
| 413 | Čelik Com NK03732789 · Nikšić | <0.1% | 23,670€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,896€ |
| 414 | Atp03631222 · Podgorica | <0.1% | 23,625€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,819€ | -37.3% | 2 | 687€ |
| 415 | One Studio03777090 · Budva | <0.1% | 23,596€ | No filing for 2024. | 13,115€ | 55.6% | 1 | 510€ |
| 416 | Draf Media03542041 · Podgorica | <0.1% | 23,450€ | +0.7% | 5,822€ | 24.8% | 2 | 426€ |
| 417 | Kailash03437124 · Bar | <0.1% | 23,303€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,303€ | 14.2% | 2 | 757€ |
| 418 | Wonder Woman Fitness Studio03542254 · Bar | <0.1% | 23,178€ | -1.3% | -1,631€ | -7.0% | 2 | 628€ |
| 419 | Come Down03418553 · Herceg Novi | <0.1% | 23,171€ | +251.1% | 10,089€ | 43.5% | 1 | 924€ |
| 420 | Gymbrothers03690415 · Podgorica | <0.1% | 23,132€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,239€ | -31.3% | 1 | 803€ |
| 421 | Ž-Space03405362 · Podgorica | <0.1% | 23,117€ | -10.4% | 1,145€ | 5.0% | 1 | 791€ |
| 422 | Manitou03388484 · Nikšić | <0.1% | 23,094€ | +62.9% | 5,611€ | 24.3% | 1 | 1,383€ |
| 423 | Multimedia Group02649918 · Budva | <0.1% | 23,061€ | +140.2% | 1,692€ | 7.3% | 1 | 346€ |
| 424 | Ikostromkin03516709 · Budva | <0.1% | 23,033€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,136€ | 61.4% | 1 | 670€ |
| 425 | Roundabout Montenegro03299201 · Podgorica | <0.1% | 22,854€ | -43.5% | 79€ | 0.3% | 1 | 368€ |
| 426 | Growing Stars03686957 · Podgorica | <0.1% | 22,628€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,035€ | 13.4% | 0 | — |
| 427 | 25 Kadr03429865 · Herceg Novi | <0.1% | 22,600€ | +131.4% | 4,323€ | 19.1% | 2 | 438€ |
| 428 | Era Creative Group03221938 · Budva | <0.1% | 22,201€ | +587.6% | 3,293€ | 14.8% | 1 | 1,000€ |
| 429 | Choose03292975 · Herceg Novi | <0.1% | 22,192€ | +25.3% | 4,932€ | 22.2% | 1 | 471€ |
| 430 | Itiaki03035522 · Herceg Novi | <0.1% | 22,077€ | -8.9% | 964€ | 4.4% | 2 | 623€ |
| 431 | Vidasus03330826 · Cetinje | <0.1% | 22,064€ | -31.4% | 1,480€ | 6.7% | 1 | 678€ |
| 432 | Basketball Camp Montenegro02925664 · Herceg Novi | <0.1% | 21,856€ | +173.1% | 5,515€ | 25.2% | 1 | 800€ |
| 433 | The Hand03278590 · Budva | <0.1% | 21,824€ | -14.9% | -3,156€ | -14.5% | 3 | 670€ |
| 434 | Natenane Production03024288 · Podgorica | <0.1% | 21,804€ | -86.8% | -27,207€ | -124.8% | 1 | 1,768€ |
| 435 | DD2 Company03605078 · Podgorica | <0.1% | 21,780€ | +4.2% | -1,168€ | -5.4% | 2 | 508€ |
| 436 | Pilates Studio 8803706419 · Kotor | <0.1% | 21,550€ | +1,198.2% | 845€ | 3.9% | 1 | 678€ |
| 437 | Rol Company03606473 · Kotor | <0.1% | 21,525€ | -7.5% | 933€ | 4.3% | 1 | 770€ |
| 438 | KRŠ Produkcija03369170 · Podgorica | <0.1% | 21,391€ | -43.3% | -7,846€ | -36.7% | 1 | 506€ |
| 439 | Nord Pixels Studio03335658 · Podgorica | <0.1% | 21,110€ | +18.2% | 542€ | 2.6% | 1 | 1,049€ |
| 440 | Dukley Marina02349523 · Budva | <0.1% | 20,963€ | -98.3% | -13,874€ | -66.2% | 1 | 1,052€ |
| 441 | Lu - Pa Co02989646 · Danilovgrad | <0.1% | 20,954€ | +45.0% | 1,220€ | 5.8% | 1 | 678€ |
| 442 | Kroft Sport Plus02909693 · Berane | <0.1% | 20,638€ | +18.7% | 1,606€ | 7.8% | 1 | 1,050€ |
| 443 | Grad Fantazije03133761 · Bar | <0.1% | 20,520€ | +30.3% | -343€ | -1.7% | 3 | 370€ |
| 444 | VR Innovations03257657 | <0.1% | 20,424€ | +440.6% | -6,921€ | -33.9% | 2 | 323€ |
| 445 | Regina Monte03404501 · Bar | <0.1% | 20,390€ | +431.0% | -2,172€ | -10.7% | 2 | 708€ |
| 446 | Museum Velikogo Mastera03299031 · Herceg Novi | <0.1% | 20,270€ | +81.0% | 316€ | 1.6% | 2 | 677€ |
| 447 | Narwhal03561704 · Bar | <0.1% | 20,110€ | +148.5% | 86€ | 0.4% | 1 | 1,364€ |
| 448 | Allegro - Montenegro 77703527301 · Podgorica | <0.1% | 20,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,138€ | -30.6% | 1 | 1,909€ |
| 449 | Linden Production03336484 · Cetinje | <0.1% | 20,018€ | +58.9% | 8,175€ | 40.8% | 1 | 927€ |
| 450 | Ronilački Centar Marina02715619 · Herceg Novi | <0.1% | 19,980€ | +47.9% | 1,690€ | 8.5% | 2 | 622€ |