Revenue
1.2% of sector revenue
55 companies earned 4.98m€ in 2025, 1.2% of Administrative services sector revenue. Revenue has grown 75.3× since 2015.
1.2% of sector revenue
37 with at most one employee
Largest employer: Sapore (15)
Median company -11.0% · 25% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 55
* 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 7 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 66,176€ | 6 |
| 2016 | 270,138€ | 9 |
| 2017 | 475,702€ | 14 |
| 2018 | 629,315€ | 21 |
| 2019 | 1,428,668€ | 29 |
| 2020 | 1,101,080€ | 33 |
| 2021 | 3,150,416€ | 36 |
| 2022 | 4,032,786€ | 38 |
| 2023 | 4,989,184€ | 52 |
| 2024 | 5,644,512€ | 53 |
| 2025 (Preliminary) | 4,984,953€ | 55 |
The number of companies jumped most in 2023: from 38 to 52.
8.8% |
| 439,553€ |
| +20.8% |
| 45,082€ |
| 10.3% |
| 15 |
| 713€ |
| 3 | Dream Yacht Montenegro03351068 · Kotor | 8.4% | 421,074€ | -22.9% | 8,355€ | 2.0% | 4 | 1,598€ |
| 4 | Aloha Beach03733904 · Ulcinj | 4.1% | 206,628€ | No filing for 2024. | 11,436€ | 5.5% | 2 | 753€ |
| 5 | Velo03539580 · Cetinje | 3.2% | 158,872€ | +92.5% | 28,014€ | 17.6% | 4 | 1,150€ |
| 6 | Marconi Sport03621782 · Kolašin | 3.1% | 155,093€ | +250.4% | 8,105€ | 5.2% | 3 | 1,776€ |
| 7 | X Plus03234975 · Bar | 2.2% | 109,198€ | -22.7% | 680€ | 0.6% | 2 | 724€ |
| 8 | Indigo Blue03021254 · Tivat | 2.1% | 104,466€ | +473.9% | -12,497€ | -12.0% | 1 | 720€ |
| 9 | Aqua Sport Budva03132005 · Budva | 1.8% | 88,812€ | +55.2% | -3,539€ | -4.0% | 3 | 1,362€ |
| 10 | Rivamare Tours03352161 · Tivat | 1.8% | 88,130€ | -24.9% | 6,021€ | 6.8% | 2 | 832€ |
| 11 | Plaža Centar02875594 · Bar | 1.7% | 84,271€ | +3.5% | -162€ | -0.2% | 3 | 666€ |
| 12 | Sunset Tours03600912 · Podgorica | 1.4% | 67,347€ | +716.8% | 29,192€ | 43.3% | 2 | 503€ |
| 13 | Boathouse03177254 · Tivat | 1.1% | 54,454€ | +107.6% | -7,644€ | -14.0% | 4 | 827€ |
| 14 | Motivation03285707 · Tivat | 0.8% | 37,913€ | -81.1% | 14,614€ | 38.5% | 0 | — |
| 15 | Sunseeker Montenegro03096599 · Tivat | 0.7% | 35,988€ | +351.5% | -71,178€ | -197.8% | 2 | 1,725€ |
| 16 | Sail Skill03632423 · Bar | 0.6% | 31,743€ | +14.5% | -5,157€ | -16.2% | 1 | 677€ |
| 17 | Sailmore03611728 · Tivat | 0.5% | 24,133€ | +24.6% | -9,095€ | -37.7% | 1 | 1,176€ |
| 18 | A.S.K. Company03437540 · Budva | 0.4% | 20,661€ | +4,902.7% | -8,027€ | -38.9% | 1 | 677€ |
| 19 | Tempus11091024 · Podgorica | 0.4% | 19,300€ | -35.9% | 0€ | 0.0% | 1 | 1,474€ |
| 20 | Rinergy03567010 · Tivat | 0.4% | 18,885€ | -18.8% | -2,083€ | -11.0% | 1 | 922€ |
| 21 | International European Maritime Professional Association03281612 · Bar | 0.3% | 13,482€ | -43.3% | 2,048€ | 15.2% | 1 | 926€ |
| 22 | Mian02928027 · Bar | 0.2% | 11,226€ | -60.4% | 1,593€ | 14.2% | 1 | 603€ |
| 23 | Kolašin Bike & Ski Rental03706397 · Kolašin | 0.2% | 9,017€ | +817.3% | -770€ | -8.5% | 1 | 678€ |
| 24 | Active Tours Me03542904 · Budva | 0.2% | 8,239€ | +190.8% | -5,456€ | -66.2% | 1 | 677€ |
| 25 | Val Bigovica03758877 · Bar | 0.1% | 6,436€ | No filing for 2024. | 22€ | 0.3% | 1 | — |
| 26 | Sailband03082776 · Podgorica | <0.1% | 4,632€ | -95.0% | -6,555€ | -141.5% | 1 | 922€ |
| 27 | Zen Centar Sole03693309 · Kotor | <0.1% | 2,874€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -819€ | -28.5% | 1 | — |
| 28 | DJB03260089 · Budva | <0.1% | 2,620€ | -93.9% | -26,412€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 486€ |
| 29 | Boramare03368661 · Tivat | <0.1% | 2,126€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,845€ | -745.3% | 1 | 677€ |
| 30 | Bric-Su03486966 · Herceg Novi | <0.1% | 2,000€ | -38.5% | -7,669€ | -383.5% | 1 | 677€ |
| 31 | Montelagom03164519 · Tivat | <0.1% | 2,000€ | -99.2% | -70,598€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 819€ |
| 32 | Quadomania03554937 · Žabljak | <0.1% | 1,359€ | -62.7% | -13,132€ | -966.3% | 1 | 340€ |
| 33 | Kitebuddies-Montenegro03537552 · Ulcinj | <0.1% | 1,130€ | -80.3% | 95€ | 8.4% | 1 | — |
| 34 | Mishangel03538362 · Bar | <0.1% | 1,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,118€ | -647.1% | 1 | 677€ |
| 35 | Wild Wheels Durmitor03771890 · Žabljak | <0.1% | 939€ | No filing for 2024. | -3,581€ | -381.4% | 1 | 332€ |
| 36 | Zvijuk03727815 · Kolašin | <0.1% | 578€ | No filing for 2024. | -3,123€ | -540.3% | 1 | — |
| 37 | Samtron Yachting03076580 · Tivat | <0.1% | 1€ | -80.0% | -4,013€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 38 | Adriatic Beach Solution03734382 · Budva | 0.0% | 0€ | No filing for 2024. | -6,848€ | — | 1 | 418€ |
| 39 | Aquaride03771911 · Budva | 0.0% | 0€ | No filing for 2024. | -4,930€ | — | 0 | — |
| 40 | Bova Beach03258190 · Bar | 0.0% | 0€ | -100.0% | -6,066€ | — | 2 | — |
| 41 | 2fast2furious03536475 · Ulcinj | 0.0% | 0€ | -100.0% | -37,606€ | — | 2 | — |
| 42 | Boka International03217582 · Kotor | 0.0% | 0€ | -100.0% | -30,976€ | — | 1 | 675€ |
| 43 | Candybike03494187 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,996€ | — | 1 | 677€ |
| 44 | Diomedea03466884 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 45 | Infinity Adventure03556450 · Žabljak | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 46 | Ministry of Tribe03790100 · Tivat | 0.0% | 0€ | No filing for 2024. | -6,483€ | — | 1 | 499€ |
| 47 | Monte Cristo Creative Club03655733 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,363€ | — | 1 | 921€ |
| 48 | Ronilački Klub Barakuda MN03200426 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,567€ | — | 1 | — |
| 49 | Sup Beach03788458 · Budva | 0.0% | 0€ | No filing for 2024. | -2,375€ | — | 1 | — |
| 50 | Dream Sail03243982 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,184€ | — | 1 | 678€ |