Administrative services

2,199 companies earned 406.52m€ in 2025, 2.3% of all company revenue in Montenegro. It ranks 11 of 18 sectors by revenue. Revenue has grown 3.1× since 2015.

Nationwide · 2025

Year

Revenue

406.52m€3.1× since 2015

2.3% of Montenegro's revenue

Companies

2,199+1,533 since 2015

1,361 with at most one employee

Employees

9,701+100% since 2015

Largest employer: Dekra Privremeno Zapošljavanje (879)

Profit margin

3.4%2.7 pts below average

Total profit: 13.70m€

This sector 3.4%Montenegro: 6.1%

Payroll cost/emp./mo*

1,126€9% below average

Average per employee, not per company

This sector 1,126€Montenegro: 1,242€

Revenue and companies since 2015

FinalPreliminary

Revenue in € million (bars) and filing companies (below), 2015–2025

Revenue and companies by year
Year	Revenue	Companies
2015	131,848,182€	666
2016	155,926,764€	712
2017	182,739,425€	814
2018	200,745,925€	934
2019	227,758,156€	1,093
2020	133,450,266€	1,203
2021	171,079,177€	1,355
2022	238,155,350€	1,637
2023	324,336,681€	1,985
2024	362,653,116€	2,177
2025 (Preliminary)	406,522,105€	2,199

What changed in 2025

Growth is measured on the same companies, which filed for both years.

Revenue, same companies (1,904): 358.07m€ → 398.37m€
Employees, same companies: 8,922 → 9,327
Payroll cost per employee, same companies: 1,066€ → 1,147€
Filed for 2025, not for 2024: 295 companies · 8.15m€
Filed for 2024, not for 2025: 273 companies, 4.58m€ in 2024

Activities in this sector

Show all 30 activities

Activities in this sector
NACE	Activity	Companies	Employees	Revenue	Share of sector revenue
7911	Travel agency activities	285	986	109,880,091€	27.0%
7711	Rental and leasing of cars and light motor vehicles	531	935	64,264,587€	15.8%
7912	Tour operator activities	138	368	54,408,761€	13.4%
8010	Private security activities	60	2,191	38,134,078€	9.4%
7820	Temporary employment agency activities	30	1,910	25,602,937€	6.3%
8110	Combined facilities support activities	155	600	21,879,605€	5.4%
8299	Other business support service activities n.e.c.	160	501	19,455,873€	4.8%
7739	Rental and leasing of other machinery, equipment and tangible goods n.e.c.	19	47	10,404,136€	2.6%
8130	Landscape service activities	53	394	9,112,856€	2.2%
7990	Other reservation service and related activities	114	158	8,579,839€	2.1%
8129	Other cleaning activities	66	175	5,105,463€	1.3%
7721	Rental and leasing of recreational and sports goods	55	135	4,984,953€	1.2%
8220	Activities of call centres	20	140	4,856,121€	1.2%
7810	Activities of employment placement agencies	30	210	4,025,844€	1.0%
8211	Combined office administrative service activities	165	274	3,969,949€	1.0%
…	15 more activities	318	677	21,857,012€	5.4%
	Total	2,199	9,701	406,522,105€	100.0%

7911

Travel agency activities

27.0%

Companies: 285
Employees: 986
Revenue: 109,880,091€

7711

Rental and leasing of cars and light motor vehicles

15.8%

Companies: 531
Employees: 935
Revenue: 64,264,587€

7912

Tour operator activities

13.4%

Companies: 138
Employees: 368
Revenue: 54,408,761€

8010

Private security activities

9.4%

Companies: 60
Employees: 2,191
Revenue: 38,134,078€

7820

Temporary employment agency activities

6.3%

Companies: 30
Employees: 1,910
Revenue: 25,602,937€

8110

Combined facilities support activities

5.4%

Companies: 155
Employees: 600
Revenue: 21,879,605€

8299

Other business support service activities n.e.c.

4.8%

Companies: 160
Employees: 501
Revenue: 19,455,873€

7739

Rental and leasing of other machinery, equipment and tangible goods n.e.c.

2.6%

Companies: 19
Employees: 47
Revenue: 10,404,136€

8130

Landscape service activities

2.2%

Companies: 53
Employees: 394
Revenue: 9,112,856€

7990

Other reservation service and related activities

2.1%

Companies: 114
Employees: 158
Revenue: 8,579,839€

8129

Other cleaning activities

1.3%

Companies: 66
Employees: 175
Revenue: 5,105,463€

7721

Rental and leasing of recreational and sports goods

1.2%

Companies: 55
Employees: 135
Revenue: 4,984,953€

8220

Activities of call centres

1.2%

Companies: 20
Employees: 140
Revenue: 4,856,121€

7810

Activities of employment placement agencies

1.0%

Companies: 30
Employees: 210
Revenue: 4,025,844€

8211

Combined office administrative service activities

1.0%

Companies: 165
Employees: 274
Revenue: 3,969,949€

15 more activities

21,857,012€ · 5.4%

Total

Companies: 2,199
Employees: 9,701
Revenue: 406,522,105€

Where they are and who is growing

Revenue by municipality

Share of the sector's revenue

Podgorica 204.07m€50.2%
Budva 63.67m€15.7%
Tivat 46.00m€11.3%
Nikšić 18.44m€4.5%
Herceg Novi 16.47m€4.1%
Bar 16.36m€4.0%
Kotor 7.80m€1.9%
Other municipalities (13) 30.69m€7.5%
No municipality in the registry 3.02m€0.7%

Fastest growing

Revenue change vs 2024, companies with at least 1m€ that year

Poc Limited1.36m€ → 3.01m€
+122.4%
Montenegro Tourist Service9.98m€ → 16.57m€
+66.0%
Biblio Globus5.35m€ → 7.66m€
+43.2%
Miross2.58m€ → 3.68m€
+42.6%
Nikšić Guard Security2.84m€ → 4.00m€
+40.6%

Largest employers

Employees and payroll cost per employee per month*

Dekra Privremeno Zapošljavanje
8791,061€
Kadar Plus
5191,214€
Vector System Security
405795€
Nikšić Guard Security
321821€
Titan Security
292950€

All companies (2,199)

Ranked by total revenue · Showing 1–50 of 2,199

Export CSV

Companies in the sector
#	Company	Revenue share	Revenue	Revenue change2024→2025	Profit	Margin	Employees	Payroll cost/emp./mo*
1	Kompas Montenegro02321688 · Budva	5.0%	20,432,879€	-2.3%	481,663€	2.4%	27	1,792€
2	Montenegro Tourist Service02685825 · Podgorica	4.1%	16,566,429€	+66.0%	327,021€	2.0%	25	1,962€
3	Dekra Privremeno Zapošljavanje02873273 · Podgorica	2.9%	11,622,005€	-5.2%	119,070€	1.0%	879	1,061€
4	PM Hotels02790220 · Tivat	2.8%	11,321,219€	+4.4%	224,433€	2.0%	186	1,968€
5	LB Town Management03327299 · Tivat	2.3%	9,231,015€	+2.3%	-864,677€	-9.4%	123	2,702€
6	Kadar Plus03106420 · Bar	1.9%	7,723,785€	+14.7%	21,973€	0.3%	519	1,214€
7	Biblio Globus03016277 · Budva	1.9%	7,658,132€	+43.2%	83,303€	1.1%	7	1,402€
8	HTL Montenegro02692295 · Podgorica	1.9%	7,581,507€	-4.5%	922,153€	12.2%	14	2,354€
9	Vector System Security03012395 · Nikšić	1.3%	5,407,707€	+25.9%	644,356€	11.9%	405	795€
10	Grand02406535 · Podgorica	1.3%	5,310,029€	-2.5%	131,398€	2.5%	23	1,017€
11	Zelenilo02407507 · Podgorica	1.2%	4,814,280€	+10.7%	472,636€	9.8%	171	1,182€
12	Uro02917351 · Berane	1.2%	4,736,086€	+12.8%	221,013€	4.7%	25	1,866€
13	Car Rental02807904 · Podgorica	1.1%	4,456,092€	+0.4%	485,637€	10.9%	19	1,980€
14	Aaa -1 Rent02720817 · Tivat	1.1%	4,343,405€	+6.6%	400,105€	9.2%	22	1,810€
15	Titan Security02832607 · Podgorica	1.1%	4,294,008€	+21.3%	401,833€	9.4%	292	950€
16	Tržnice i Pijace02653915 · Podgorica	1.0%	4,067,629€	+21.5%	267,173€	6.6%	152	1,127€
17	Nikšić Guard Security02656841 · Budva	1.0%	3,995,422€	+40.6%	476,112€	11.9%	321	821€
18	Primero Rent A Car CG02785552 · Podgorica	1.0%	3,957,247€	+31.3%	230,025€	5.8%	10	2,205€
19	Miross02274086 · Podgorica	0.9%	3,680,163€	+42.6%	20,182€	0.5%	10	1,564€
20	Gi Group Outsourcing03063038 · Podgorica	0.9%	3,650,938€	+6.0%	8,144€	0.2%	283	1,059€
21	Gold Security03280799 · Nikšić	0.9%	3,645,011€	+27.4%	146,913€	4.0%	156	1,380€
22	Montenegro Destinations02919095 · Tivat	0.9%	3,627,485€	-5.8%	200,409€	5.5%	16	1,746€
23	Nacionalna Turistička Organizacija Crne Gore Podgorica02242508 · Podgorica	0.9%	3,569,605€	+2.8%	142,991€	4.0%	31	2,646€
24	Boka Waves03289702 · Tivat	0.9%	3,515,194€	+21.9%	468,723€	13.3%	8	1,617€
25	Adriatic Concierge Montenegro03142574 · Podgorica	0.9%	3,500,196€	-2.6%	236,242€	6.7%	1	4,988€
26	Autotechnica Montenegro02817845 · Podgorica	0.8%	3,361,012€	+5.1%	693,399€	20.6%	16	1,657€
27	Globus Tours02804069 · Podgorica	0.8%	3,349,569€	+0.5%	304,901€	9.1%	10	2,220€
28	Affinity Balkans02908301 · Podgorica	0.8%	3,170,279€	-42.9%	454,860€	14.3%	3	633€
29	Rekra02368765 · Podgorica	0.8%	3,116,155€	+24.8%	10,126€	0.3%	4	3,672€
30	Poc Limited03394280 · Podgorica	0.7%	3,013,627€	+122.4%	516,482€	17.1%	80	2,190€
31	Mondoauto CG02929830 · Podgorica	0.7%	2,893,191€	+19.1%	181,592€	6.3%	4	1,296€
32	Security Guard Montenegro.02960150 · Podgorica	0.6%	2,526,829€	+32.1%	45,176€	1.8%	113	1,265€
33	Oki Air Travel02875632 · Podgorica	0.6%	2,517,915€	-26.8%	37,084€	1.5%	5	1,486€
34	Globetracker03366553 · Podgorica	0.6%	2,493,631€	+18.0%	97,914€	3.9%	2	1,030€
35	Sistem S02814480 · Podgorica	0.6%	2,473,571€	+15.7%	305,277€	12.3%	164	732€
36	Gallileo02349795 · Podgorica	0.6%	2,370,382€	+10.2%	39,744€	1.7%	6	885€
37	Bio Save02896168 · Podgorica	0.6%	2,329,255€	+7.9%	7,259€	0.3%	10	3,880€
38	Explorer02443112 · Kolašin	0.6%	2,316,391€	+4.3%	3,419€	0.1%	54	1,241€
39	Easy Drive02685132 · Podgorica	0.6%	2,278,092€	-42.6%	120,890€	5.3%	12	2,540€
40	Perla RC03008789 · Herceg Novi	0.6%	2,274,887€	+16.3%	188,965€	8.3%	18	1,192€
41	Dil Invest03052931 · Podgorica	0.5%	2,180,416€	-1.0%	173,676€	8.0%	18	1,422€
42	W Touristic03208478 · Budva	0.5%	2,177,680€	-70.3%	10,984€	0.5%	4	665€
43	Eurasia Tourism03182401 · Budva	0.5%	2,157,129€	+18.3%	172,273€	8.0%	1	699€
44	Dekra Zapošljavanje02744783 · Podgorica	0.5%	2,087,896€	-17.7%	39,785€	1.9%	160	971€
45	Sab Security Montenegro02932920 · Herceg Novi	0.5%	1,987,773€	-14.5%	72,997€	3.7%	96	1,051€
46	Congress Travel02673053 · Podgorica	0.5%	1,965,583€	-7.7%	218,085€	11.1%	33	2,072€
47	Bta02410966 · Budva	0.5%	1,963,636€	-2.4%	9,681€	0.5%	4	999€
48	Monte Media Fzco03449025 · Danilovgrad	0.5%	1,963,016€	+11.8%	-495,368€	-25.2%	2	7,151€
49	Marco Polo Travel Agency02920905 · Podgorica	0.5%	1,954,160€	+23.8%	46,619€	2.4%	11	1,341€
50	Enigma Company02733536 · Nikšić	0.5%	1,930,978€	+1.5%	387,767€	20.1%	32	929€

Revenue Revenue change Profit Margin Employees Payroll cost/emp./mo*Company

1
Kompas Montenegro02321688 · Budva
Revenue share
5.0%
Revenue
20,432,879€
Revenue change 2024→2025
-2.3%
Profit
481,663€
Margin
2.4%
Employees
27
Payroll cost/emp./mo*
1,792€
2
Montenegro Tourist Service02685825 · Podgorica
Revenue share
4.1%
Revenue
16,566,429€
Revenue change 2024→2025
+66.0%
Profit
327,021€
Margin
2.0%
Employees
25
Payroll cost/emp./mo*
1,962€
3
Dekra Privremeno Zapošljavanje02873273 · Podgorica
Revenue share
2.9%
Revenue
11,622,005€
Revenue change 2024→2025
-5.2%
Profit
119,070€
Margin
1.0%
Employees
879
Payroll cost/emp./mo*
1,061€
4
PM Hotels02790220 · Tivat
Revenue share
2.8%
Revenue
11,321,219€
Revenue change 2024→2025
+4.4%
Profit
224,433€
Margin
2.0%
Employees
186
Payroll cost/emp./mo*
1,968€
5
LB Town Management03327299 · Tivat
Revenue share
2.3%
Revenue
9,231,015€
Revenue change 2024→2025
+2.3%
Profit
-864,677€
Margin
-9.4%
Employees
123
Payroll cost/emp./mo*
2,702€
6
Kadar Plus03106420 · Bar
Revenue share
1.9%
Revenue
7,723,785€
Revenue change 2024→2025
+14.7%
Profit
21,973€
Margin
0.3%
Employees
519
Payroll cost/emp./mo*
1,214€
7
Biblio Globus03016277 · Budva
Revenue share
1.9%
Revenue
7,658,132€
Revenue change 2024→2025
+43.2%
Profit
83,303€
Margin
1.1%
Employees
7
Payroll cost/emp./mo*
1,402€
8
HTL Montenegro02692295 · Podgorica
Revenue share
1.9%
Revenue
7,581,507€
Revenue change 2024→2025
-4.5%
Profit
922,153€
Margin
12.2%
Employees
14
Payroll cost/emp./mo*
2,354€
9
Vector System Security03012395 · Nikšić
Revenue share
1.3%
Revenue
5,407,707€
Revenue change 2024→2025
+25.9%
Profit
644,356€
Margin
11.9%
Employees
405
Payroll cost/emp./mo*
795€
10
Grand02406535 · Podgorica
Revenue share
1.3%
Revenue
5,310,029€
Revenue change 2024→2025
-2.5%
Profit
131,398€
Margin
2.5%
Employees
23
Payroll cost/emp./mo*
1,017€
11
Zelenilo02407507 · Podgorica
Revenue share
1.2%
Revenue
4,814,280€
Revenue change 2024→2025
+10.7%
Profit
472,636€
Margin
9.8%
Employees
171
Payroll cost/emp./mo*
1,182€
12
Uro02917351 · Berane
Revenue share
1.2%
Revenue
4,736,086€
Revenue change 2024→2025
+12.8%
Profit
221,013€
Margin
4.7%
Employees
25
Payroll cost/emp./mo*
1,866€
13
Car Rental02807904 · Podgorica
Revenue share
1.1%
Revenue
4,456,092€
Revenue change 2024→2025
+0.4%
Profit
485,637€
Margin
10.9%
Employees
19
Payroll cost/emp./mo*
1,980€
14
Aaa -1 Rent02720817 · Tivat
Revenue share
1.1%
Revenue
4,343,405€
Revenue change 2024→2025
+6.6%
Profit
400,105€
Margin
9.2%
Employees
22
Payroll cost/emp./mo*
1,810€
15
Titan Security02832607 · Podgorica
Revenue share
1.1%
Revenue
4,294,008€
Revenue change 2024→2025
+21.3%
Profit
401,833€
Margin
9.4%
Employees
292
Payroll cost/emp./mo*
950€
16
Tržnice i Pijace02653915 · Podgorica
Revenue share
1.0%
Revenue
4,067,629€
Revenue change 2024→2025
+21.5%
Profit
267,173€
Margin
6.6%
Employees
152
Payroll cost/emp./mo*
1,127€
17
Nikšić Guard Security02656841 · Budva
Revenue share
1.0%
Revenue
3,995,422€
Revenue change 2024→2025
+40.6%
Profit
476,112€
Margin
11.9%
Employees
321
Payroll cost/emp./mo*
821€
18
Primero Rent A Car CG02785552 · Podgorica
Revenue share
1.0%
Revenue
3,957,247€
Revenue change 2024→2025
+31.3%
Profit
230,025€
Margin
5.8%
Employees
10
Payroll cost/emp./mo*
2,205€
19
Miross02274086 · Podgorica
Revenue share
0.9%
Revenue
3,680,163€
Revenue change 2024→2025
+42.6%
Profit
20,182€
Margin
0.5%
Employees
10
Payroll cost/emp./mo*
1,564€
20
Gi Group Outsourcing03063038 · Podgorica
Revenue share
0.9%
Revenue
3,650,938€
Revenue change 2024→2025
+6.0%
Profit
8,144€
Margin
0.2%
Employees
283
Payroll cost/emp./mo*
1,059€
21
Gold Security03280799 · Nikšić
Revenue share
0.9%
Revenue
3,645,011€
Revenue change 2024→2025
+27.4%
Profit
146,913€
Margin
4.0%
Employees
156
Payroll cost/emp./mo*
1,380€
22
Montenegro Destinations02919095 · Tivat
Revenue share
0.9%
Revenue
3,627,485€
Revenue change 2024→2025
-5.8%
Profit
200,409€
Margin
5.5%
Employees
16
Payroll cost/emp./mo*
1,746€
23
Nacionalna Turistička Organizacija Crne Gore Podgorica02242508 · Podgorica
Revenue share
0.9%
Revenue
3,569,605€
Revenue change 2024→2025
+2.8%
Profit
142,991€
Margin
4.0%
Employees
31
Payroll cost/emp./mo*
2,646€
24
Boka Waves03289702 · Tivat
Revenue share
0.9%
Revenue
3,515,194€
Revenue change 2024→2025
+21.9%
Profit
468,723€
Margin
13.3%
Employees
8
Payroll cost/emp./mo*
1,617€
25
Adriatic Concierge Montenegro03142574 · Podgorica
Revenue share
0.9%
Revenue
3,500,196€
Revenue change 2024→2025
-2.6%
Profit
236,242€
Margin
6.7%
Employees
1
Payroll cost/emp./mo*
4,988€
26
Autotechnica Montenegro02817845 · Podgorica
Revenue share
0.8%
Revenue
3,361,012€
Revenue change 2024→2025
+5.1%
Profit
693,399€
Margin
20.6%
Employees
16
Payroll cost/emp./mo*
1,657€
27
Globus Tours02804069 · Podgorica
Revenue share
0.8%
Revenue
3,349,569€
Revenue change 2024→2025
+0.5%
Profit
304,901€
Margin
9.1%
Employees
10
Payroll cost/emp./mo*
2,220€
28
Affinity Balkans02908301 · Podgorica
Revenue share
0.8%
Revenue
3,170,279€
Revenue change 2024→2025
-42.9%
Profit
454,860€
Margin
14.3%
Employees
3
Payroll cost/emp./mo*
633€
29
Rekra02368765 · Podgorica
Revenue share
0.8%
Revenue
3,116,155€
Revenue change 2024→2025
+24.8%
Profit
10,126€
Margin
0.3%
Employees
4
Payroll cost/emp./mo*
3,672€
30
Poc Limited03394280 · Podgorica
Revenue share
0.7%
Revenue
3,013,627€
Revenue change 2024→2025
+122.4%
Profit
516,482€
Margin
17.1%
Employees
80
Payroll cost/emp./mo*
2,190€
31
Mondoauto CG02929830 · Podgorica
Revenue share
0.7%
Revenue
2,893,191€
Revenue change 2024→2025
+19.1%
Profit
181,592€
Margin
6.3%
Employees
4
Payroll cost/emp./mo*
1,296€
32
Security Guard Montenegro.02960150 · Podgorica
Revenue share
0.6%
Revenue
2,526,829€
Revenue change 2024→2025
+32.1%
Profit
45,176€
Margin
1.8%
Employees
113
Payroll cost/emp./mo*
1,265€
33
Oki Air Travel02875632 · Podgorica
Revenue share
0.6%
Revenue
2,517,915€
Revenue change 2024→2025
-26.8%
Profit
37,084€
Margin
1.5%
Employees
5
Payroll cost/emp./mo*
1,486€
34
Globetracker03366553 · Podgorica
Revenue share
0.6%
Revenue
2,493,631€
Revenue change 2024→2025
+18.0%
Profit
97,914€
Margin
3.9%
Employees
2
Payroll cost/emp./mo*
1,030€
35
Sistem S02814480 · Podgorica
Revenue share
0.6%
Revenue
2,473,571€
Revenue change 2024→2025
+15.7%
Profit
305,277€
Margin
12.3%
Employees
164
Payroll cost/emp./mo*
732€
36
Gallileo02349795 · Podgorica
Revenue share
0.6%
Revenue
2,370,382€
Revenue change 2024→2025
+10.2%
Profit
39,744€
Margin
1.7%
Employees
6
Payroll cost/emp./mo*
885€
37
Bio Save02896168 · Podgorica
Revenue share
0.6%
Revenue
2,329,255€
Revenue change 2024→2025
+7.9%
Profit
7,259€
Margin
0.3%
Employees
10
Payroll cost/emp./mo*
3,880€
38
Explorer02443112 · Kolašin
Revenue share
0.6%
Revenue
2,316,391€
Revenue change 2024→2025
+4.3%
Profit
3,419€
Margin
0.1%
Employees
54
Payroll cost/emp./mo*
1,241€
39
Easy Drive02685132 · Podgorica
Revenue share
0.6%
Revenue
2,278,092€
Revenue change 2024→2025
-42.6%
Profit
120,890€
Margin
5.3%
Employees
12
Payroll cost/emp./mo*
2,540€
40
Perla RC03008789 · Herceg Novi
Revenue share
0.6%
Revenue
2,274,887€
Revenue change 2024→2025
+16.3%
Profit
188,965€
Margin
8.3%
Employees
18
Payroll cost/emp./mo*
1,192€
41
Dil Invest03052931 · Podgorica
Revenue share
0.5%
Revenue
2,180,416€
Revenue change 2024→2025
-1.0%
Profit
173,676€
Margin
8.0%
Employees
18
Payroll cost/emp./mo*
1,422€
42
W Touristic03208478 · Budva
Revenue share
0.5%
Revenue
2,177,680€
Revenue change 2024→2025
-70.3%
Profit
10,984€
Margin
0.5%
Employees
4
Payroll cost/emp./mo*
665€
43
Eurasia Tourism03182401 · Budva
Revenue share
0.5%
Revenue
2,157,129€
Revenue change 2024→2025
+18.3%
Profit
172,273€
Margin
8.0%
Employees
1
Payroll cost/emp./mo*
699€
44
Dekra Zapošljavanje02744783 · Podgorica
Revenue share
0.5%
Revenue
2,087,896€
Revenue change 2024→2025
-17.7%
Profit
39,785€
Margin
1.9%
Employees
160
Payroll cost/emp./mo*
971€
45
Sab Security Montenegro02932920 · Herceg Novi
Revenue share
0.5%
Revenue
1,987,773€
Revenue change 2024→2025
-14.5%
Profit
72,997€
Margin
3.7%
Employees
96
Payroll cost/emp./mo*
1,051€
46
Congress Travel02673053 · Podgorica
Revenue share
0.5%
Revenue
1,965,583€
Revenue change 2024→2025
-7.7%
Profit
218,085€
Margin
11.1%
Employees
33
Payroll cost/emp./mo*
2,072€
47
Bta02410966 · Budva
Revenue share
0.5%
Revenue
1,963,636€
Revenue change 2024→2025
-2.4%
Profit
9,681€
Margin
0.5%
Employees
4
Payroll cost/emp./mo*
999€
48
Monte Media Fzco03449025 · Danilovgrad
Revenue share
0.5%
Revenue
1,963,016€
Revenue change 2024→2025
+11.8%
Profit
-495,368€
Margin
-25.2%
Employees
2
Payroll cost/emp./mo*
7,151€
49
Marco Polo Travel Agency02920905 · Podgorica
Revenue share
0.5%
Revenue
1,954,160€
Revenue change 2024→2025
+23.8%
Profit
46,619€
Margin
2.4%
Employees
11
Payroll cost/emp./mo*
1,341€
50
Enigma Company02733536 · Nikšić
Revenue share
0.5%
Revenue
1,930,978€
Revenue change 2024→2025
+1.5%
Profit
387,767€
Margin
20.1%
Employees
32
Payroll cost/emp./mo*
929€

* 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 →

Source: Tax Administration / CRPSCurrency: EUR

Revenue and companies by year

Year

Revenue

Companies

2015

131,848,182€

666

2016

155,926,764€

712

2017

182,739,425€

814

2018

200,745,925€

934

2019

227,758,156€

1,093

2020

133,450,266€

1,203

2021

171,079,177€

1,355

2022

238,155,350€

1,637

2023

324,336,681€

1,985

2024

362,653,116€

2,177

2025 (Preliminary)

406,522,105€

2,199

NACE

Activity

Companies

Employees

Revenue

Share of sector revenue

7911

Travel agency activities

285

986

109,880,091€

27.0%

7711

Rental and leasing of cars and light motor vehicles

531

935

64,264,587€

15.8%

7912

Tour operator activities

138

368

54,408,761€

13.4%

8010

Private security activities

2,191

38,134,078€

9.4%

7820

Temporary employment agency activities

1,910

25,602,937€

6.3%

8110

Combined facilities support activities

155

600

21,879,605€

5.4%

8299

Other business support service activities n.e.c.

160

501

19,455,873€

4.8%

7739

Rental and leasing of other machinery, equipment and tangible goods n.e.c.

10,404,136€

2.6%

8130

Landscape service activities

394

9,112,856€

2.2%

7990

Other reservation service and related activities

114

158

8,579,839€

2.1%

8129

Other cleaning activities

175

5,105,463€

1.3%

7721

Rental and leasing of recreational and sports goods

135

4,984,953€

1.2%

8220

Activities of call centres

140

4,856,121€

1.2%

7810

Activities of employment placement agencies

210

4,025,844€

1.0%

8211

Combined office administrative service activities

165

274

3,969,949€

1.0%

…

15 more activities

318

677

21,857,012€

5.4%

Total

2,199

9,701

406,522,105€

100.0%

Where they are and who is growing

Revenue by municipality

Share of the sector's revenue

Podgorica 204.07m€50.2%
Budva 63.67m€15.7%
Tivat 46.00m€11.3%
Nikšić 18.44m€4.5%
Herceg Novi 16.47m€4.1%
Bar 16.36m€4.0%
Kotor 7.80m€1.9%
Other municipalities (13) 30.69m€7.5%
No municipality in the registry 3.02m€0.7%

Fastest growing

Revenue change vs 2024, companies with at least 1m€ that year

Poc Limited1.36m€ → 3.01m€
+122.4%
Montenegro Tourist Service9.98m€ → 16.57m€
+66.0%
Biblio Globus5.35m€ → 7.66m€
+43.2%
Miross2.58m€ → 3.68m€
+42.6%
Nikšić Guard Security2.84m€ → 4.00m€
+40.6%

Largest employers

Employees and payroll cost per employee per month*

Dekra Privremeno Zapošljavanje
8791,061€
Kadar Plus
5191,214€
Vector System Security
405795€
Nikšić Guard Security
321821€
Titan Security
292950€

Company

Revenue

Revenue change2024→2025

Profit

Margin

Employees

Payroll cost/emp./mo*

Kompas Montenegro02321688 · Budva

20,432,879€

-2.3%

481,663€

2.4%

1,792€

Montenegro Tourist Service02685825 · Podgorica

16,566,429€

+66.0%

327,021€

2.0%

1,962€

Dekra Privremeno Zapošljavanje02873273 · Podgorica

11,622,005€

-5.2%

119,070€

1.0%

879

1,061€

PM Hotels02790220 · Tivat

11,321,219€

+4.4%

224,433€

2.0%

186

1,968€

LB Town Management03327299 · Tivat

9,231,015€

+2.3%

-864,677€

-9.4%

123

2,702€

Kadar Plus03106420 · Bar

7,723,785€

+14.7%

21,973€

0.3%

519

1,214€

Biblio Globus03016277 · Budva

7,658,132€

+43.2%

83,303€

1.1%

1,402€

HTL Montenegro02692295 · Podgorica

7,581,507€

-4.5%

922,153€

12.2%

2,354€

Vector System Security03012395 · Nikšić

5,407,707€

+25.9%

644,356€

11.9%

405

795€

Grand02406535 · Podgorica

5,310,029€

-2.5%

131,398€

2.5%

1,017€

Zelenilo02407507 · Podgorica

4,814,280€

+10.7%

472,636€

9.8%

171

1,182€

Uro02917351 · Berane

4,736,086€

+12.8%

221,013€

4.7%

1,866€

Car Rental02807904 · Podgorica

4,456,092€

+0.4%

485,637€

10.9%

1,980€

Aaa -1 Rent02720817 · Tivat

4,343,405€

+6.6%

400,105€

9.2%

1,810€

Titan Security02832607 · Podgorica

4,294,008€

+21.3%

401,833€

9.4%

292

950€

Tržnice i Pijace02653915 · Podgorica

4,067,629€

+21.5%

267,173€

6.6%

152

1,127€

Nikšić Guard Security02656841 · Budva

3,995,422€

+40.6%

476,112€

11.9%

321

821€

Primero Rent A Car CG02785552 · Podgorica

3,957,247€

+31.3%

230,025€

5.8%

2,205€

Miross02274086 · Podgorica

3,680,163€

+42.6%

20,182€

0.5%

1,564€

Gi Group Outsourcing03063038 · Podgorica

3,650,938€

+6.0%

8,144€

0.2%

283

1,059€

Gold Security03280799 · Nikšić

3,645,011€

+27.4%

146,913€

4.0%

156

1,380€

Montenegro Destinations02919095 · Tivat

3,627,485€

-5.8%

200,409€

5.5%

1,746€

Nacionalna Turistička Organizacija Crne Gore Podgorica02242508 · Podgorica

3,569,605€

+2.8%

142,991€

4.0%

2,646€

Boka Waves03289702 · Tivat

3,515,194€

+21.9%

468,723€

13.3%

1,617€

Adriatic Concierge Montenegro03142574 · Podgorica

3,500,196€

-2.6%

236,242€

6.7%

4,988€

Autotechnica Montenegro02817845 · Podgorica

3,361,012€

+5.1%

693,399€

20.6%

1,657€

Globus Tours02804069 · Podgorica

3,349,569€

+0.5%

304,901€

9.1%

2,220€

Affinity Balkans02908301 · Podgorica

3,170,279€

-42.9%

454,860€

14.3%

633€

Rekra02368765 · Podgorica

3,116,155€

+24.8%

10,126€

0.3%

3,672€

Poc Limited03394280 · Podgorica

3,013,627€

+122.4%

516,482€

17.1%

2,190€

Mondoauto CG02929830 · Podgorica

2,893,191€

+19.1%

181,592€

6.3%

1,296€

Security Guard Montenegro.02960150 · Podgorica

2,526,829€

+32.1%

45,176€

1.8%

113

1,265€

Oki Air Travel02875632 · Podgorica

2,517,915€

-26.8%

37,084€

1.5%

1,486€

Globetracker03366553 · Podgorica

2,493,631€

+18.0%

97,914€

3.9%

1,030€

Sistem S02814480 · Podgorica

2,473,571€

+15.7%

305,277€

12.3%

164

732€

Gallileo02349795 · Podgorica

2,370,382€

+10.2%

39,744€

1.7%

885€

Bio Save02896168 · Podgorica

2,329,255€

+7.9%

7,259€

0.3%

3,880€

Explorer02443112 · Kolašin

2,316,391€

+4.3%

3,419€

0.1%

1,241€

Easy Drive02685132 · Podgorica

2,278,092€

-42.6%

120,890€

5.3%

2,540€

Perla RC03008789 · Herceg Novi

2,274,887€

+16.3%

188,965€

8.3%

1,192€

Dil Invest03052931 · Podgorica

2,180,416€

-1.0%

173,676€

8.0%

1,422€

W Touristic03208478 · Budva

2,177,680€

-70.3%

10,984€

0.5%

665€

Eurasia Tourism03182401 · Budva

2,157,129€

+18.3%

172,273€

8.0%

699€

Dekra Zapošljavanje02744783 · Podgorica

2,087,896€

-17.7%

39,785€

1.9%

160

971€

Sab Security Montenegro02932920 · Herceg Novi

1,987,773€

-14.5%

72,997€

3.7%

1,051€

Congress Travel02673053 · Podgorica

1,965,583€

-7.7%

218,085€

11.1%

2,072€

Bta02410966 · Budva

1,963,636€

-2.4%

9,681€

0.5%

999€

Monte Media Fzco03449025 · Danilovgrad

1,963,016€

+11.8%

-495,368€

-25.2%

7,151€

Marco Polo Travel Agency02920905 · Podgorica

1,954,160€

+23.8%

46,619€

2.4%

1,341€

Enigma Company02733536 · Nikšić

1,930,978€

+1.5%

387,767€

20.1%

929€

Overview

Revenue

Companies

Employees

Profit margin

Payroll cost/emp./mo*

Revenue and companies since 2015

What changed in 2025

Activities in this sector

Where they are and who is growing

Revenue by municipality

Fastest growing

Largest employers

All companies (2,199)

Overview

Revenue

Companies

Employees

Profit margin

Payroll cost/emp./mo*

Revenue and companies since 2015

What changed in 2025

Activities in this sector

Where they are and who is growing

Revenue by municipality

Fastest growing

Largest employers

All companies (2,199)