Revenue
2.1% of sector revenue
114 companies earned 8.58m€ in 2025, 2.1% of Administrative services sector revenue. Revenue has grown 3.2× since 2015.
2.1% of sector revenue
83 with at most one employee
Largest employer: Casa Booker (6)
Median company -29.8% · 27% 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 114
* 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 1 sole proprietor: 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 | 2,683,292€ | 20 |
| 2016 | 2,432,427€ | 23 |
| 2017 | 2,723,666€ | 28 |
| 2018 | 2,872,608€ | 42 |
| 2019 | 3,001,989€ | 48 |
| 2020 | 660,034€ | 53 |
| 2021 | 2,438,417€ | 69 |
| 2022 | 9,566,216€ | 86 |
| 2023 | 17,379,122€ | 92 |
| 2024 | 12,666,541€ | 111 |
| 2025 (Preliminary) | 8,579,839€ | 114 |
The number of companies jumped most in 2021: from 53 to 69.
13.2% |
| 1,129,078€ |
| +64.3% |
| 13,199€ |
| 1.2% |
| 1 |
| 681€ |
| 3 | Montenegro Charter Limited03122522 · Tivat | 10.5% | 902,824€ | -19.1% | 37,635€ | 4.2% | 2 | 4,126€ |
| 4 | Vizin Travel02377519 · Kotor | 9.8% | 842,195€ | +16.8% | 15,629€ | 1.9% | 2 | 1,088€ |
| 5 | Olimpus03083837 · Herceg Novi | 9.7% | 832,855€ | +130.6% | 4,634€ | 0.6% | 3 | 585€ |
| 6 | Gigs Tix Montenegro03012182 · Podgorica | 7.3% | 630,558€ | -14.7% | 27,012€ | 4.3% | 1 | 1,902€ |
| 7 | Turistička Organizacija Opštine Zeta03641341 · Zeta | 2.4% | 207,075€ | +16.6% | -31,421€ | -15.2% | 5 | 1,914€ |
| 8 | Adria Bridge03358879 · Tivat | 1.5% | 125,557€ | +68.0% | 55,478€ | 44.2% | 1 | 1,868€ |
| 9 | Hotel Solutions03759261 · Podgorica | 1.5% | 124,721€ | No filing for 2024. | 67,002€ | 53.7% | 1 | — |
| 10 | Casa Booker03032523 · Herceg Novi | 1.4% | 118,178€ | -10.8% | 2,201€ | 1.9% | 6 | 796€ |
| 11 | Royal Services03123014 · Bar | 1.1% | 96,816€ | +139.5% | 33,332€ | 34.4% | 3 | 1,040€ |
| 12 | Imore03400921 · Bar | 1.1% | 92,468€ | -10.4% | -28,867€ | -31.2% | 2 | 550€ |
| 13 | Weddings&Events BY Andreja Vuković03593673 · Herceg Novi | 0.9% | 80,364€ | +133.3% | 383€ | 0.5% | 2 | 799€ |
| 14 | Zoe Event Centar03578640 · Bijelo Polje | 0.8% | 70,890€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,810€ | 23.7% | 3 | — |
| 15 | Tikarina03434672 · Budva | 0.8% | 65,599€ | +132.4% | 40,081€ | 61.1% | 2 | 699€ |
| 16 | Emc Group02986345 · Budva | 0.7% | 60,049€ | -25.7% | -53,584€ | -89.2% | 1 | 1,374€ |
| 17 | Themis Global03517896 · Kotor | 0.7% | 56,238€ | +85.8% | 16,515€ | 29.4% | 1 | 731€ |
| 18 | Hospitality Connect03315215 · Budva | 0.6% | 54,655€ | -0.1% | -1,027€ | -1.9% | 2 | 1,939€ |
| 19 | Owl Magic Montenegro03359743 · Herceg Novi | 0.6% | 53,375€ | +39.2% | 2,011€ | 3.8% | 1 | — |
| 20 | Il Nautics03744566 · Danilovgrad | 0.6% | 51,006€ | No filing for 2024. | 27,526€ | 54.0% | 1 | 545€ |
| 21 | Boston02647648 · Kotor | 0.6% | 49,445€ | +25.2% | 3,878€ | 7.8% | 3 | 626€ |
| 22 | Badulina03375277 · Podgorica | 0.6% | 49,320€ | +88.1% | 32,527€ | 66.0% | 1 | 925€ |
| 23 | Yugo Montenegro03488624 · Kotor | 0.6% | 47,993€ | +37.6% | 1,213€ | 2.5% | 2 | 675€ |
| 24 | Asteriosoft03414795 · Budva | 0.5% | 46,510€ | -28.5% | -2,855€ | -6.1% | 3 | 1,133€ |
| 25 | Europe Vip Services03368327 · Budva | 0.4% | 37,965€ | +15.7% | -11,745€ | -30.9% | 1 | 948€ |
| 26 | MY Office Montenegro03644596 · Kotor | 0.4% | 37,347€ | +1.0% | 793€ | 2.1% | 1 | 1,750€ |
| 27 | Blue Coast Travel03134474 · Budva | 0.4% | 36,020€ | -23.8% | 1,463€ | 4.1% | 2 | 1,046€ |
| 28 | Ada Divine03398579 · Podgorica | 0.4% | 35,360€ | -16.3% | -15,656€ | -44.3% | 1 | 677€ |
| 29 | Albatros Real Estate03283747 · Bar | 0.4% | 31,487€ | +8.9% | -9,024€ | -28.7% | 2 | 1,511€ |
| 30 | Feral Apartmani03618056 · Kotor | 0.3% | 29,390€ | +2.7% | 2,673€ | 9.1% | 1 | 846€ |
| 31 | Tours & Guide Services03460568 · Herceg Novi | 0.3% | 28,060€ | -5.4% | 1,806€ | 6.4% | 1 | 2,119€ |
| 32 | Bokablue03790479 · Herceg Novi | 0.3% | 25,550€ | No filing for 2024. | 4,595€ | 18.0% | 1 | 577€ |
| 33 | Mdatasoftm03514374 · Herceg Novi | 0.3% | 24,170€ | +101.4% | 185€ | 0.8% | 1 | 1,852€ |
| 34 | LB Concierge Services03627594 · Tivat | 0.3% | 23,675€ | +57.1% | -48,108€ | -203.2% | 3 | 1,426€ |
| 35 | Welmont03649385 · Tivat | 0.2% | 20,826€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,217€ | -77.9% | 3 | 762€ |
| 36 | Landstar Global Co03580458 · Kotor | 0.2% | 20,564€ | +30.7% | -243€ | -1.2% | 1 | 698€ |
| 37 | Ucy Limited03288021 · Tivat | 0.2% | 17,975€ | -20.8% | 4,771€ | 26.5% | 1 | 850€ |
| 38 | Win Estate Invest and Manadgement03431746 · Bar | 0.2% | 16,860€ | -71.1% | -38,764€ | -229.9% | 1 | 1,189€ |
| 39 | Kontres03244504 · Kotor | 0.2% | 15,135€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,922€ | 45.7% | 1 | 684€ |
| 40 | Mark Boat Rentals03749371 · Herceg Novi | 0.2% | 13,360€ | No filing for 2024. | -442€ | -3.3% | 1 | 316€ |
| 41 | Lazurit03424774 · Budva | 0.2% | 13,050€ | -47.0% | -9,602€ | -73.6% | 2 | 896€ |
| 42 | Keyholding Montenegro03427498 · Herceg Novi | 0.1% | 12,030€ | +139.7% | 832€ | 6.9% | 2 | 412€ |
| 43 | Gala Servis03358542 · Herceg Novi | 0.1% | 10,190€ | +14.1% | 209€ | 2.1% | 1 | 675€ |
| 44 | Montenegro Adventure Travel Consultancy02882337 · Herceg Novi | 0.1% | 9,585€ | -68.9% | -9,999€ | -104.3% | 2 | 678€ |
| 45 | Alkan Trading03387763 · Budva | 0.1% | 8,870€ | +1,307.9% | -2,759€ | -31.1% | 1 | 928€ |
| 46 | Milara Group03687716 · Tivat | 0.1% | 8,710€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,116€ | -24.3% | 1 | 792€ |
| 47 | Montenegro Trips03593509 · Budva | 0.1% | 8,700€ | +77.6% | -3,153€ | -36.2% | 1 | 927€ |
| 48 | Mydestination Montenegro02994623 · Tivat | <0.1% | 8,366€ | -92.6% | -5,533€ | -66.1% | 1 | — |
| 49 | Egida International03150666 · Podgorica | <0.1% | 7,956€ | -7.1% | -17,018€ | -213.9% | 1 | 1,858€ |
| 50 | MY Monte Club03259897 · Budva | <0.1% | 7,910€ | +928.6% | -766€ | -9.7% | 1 | 678€ |