Revenue
0.2% of Montenegro's revenue
176 companies earned 37.18m€ in 2025, 0.2% of all company revenue in Montenegro. It ranks 18 of 18 sectors by revenue. Revenue has grown 6.1× since 2015.
0.2% of Montenegro's revenue
134 with at most one employee
Largest employer: Institut za Ljekove i Medicinska Sredstva (70)
Total profit: 1.93m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 6,059,866€ | 31 |
| 2016 | 6,328,872€ | 33 |
| 2017 | 5,685,953€ | 32 |
| 2018 | 5,593,346€ | 34 |
| 2019 | 6,203,501€ | 36 |
| 2020 | 6,412,956€ | 40 |
| 2021 | 6,784,760€ | 42 |
| 2022 | 9,058,739€ | 48 |
| 2023 | 11,682,479€ | 62 |
| 2024 | 19,320,424€ | 70 |
| 2025 (Preliminary) | 37,183,079€ | 176 |
The number of companies jumped most in 2023: from 48 to 62.
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 51–100 of 176
* 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 2 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* |
|---|
| 51 | Gradjanska Inicijativa Sačuvajmo Sinjajevinu11059848 · Danilovgrad | <0.1% | 34,462€ | +7.4% | 9,057€ | 26.3% | 1 | 1,233€ |
| 52 | Udruženje Inovativnih Ugostitelja11068626 · Bar | <0.1% | 30,595€ | No filing for 2024. | -59,850€ | -195.6% | 0 | — |
| 53 | <0.1% | 29,283€ | +11.0% | 2,087€ | 7.1% | 0 | — | |
| 54 | Za Napredak Zagarača11063586 | <0.1% | 29,153€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 55 | <0.1% | 26,851€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 56 | Udruženje Reumatologa Crne Gore02688484 · Podgorica | <0.1% | 25,706€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 57 | Udruženje Vojnih Penzionera Crne Gore02618249 · Podgorica | <0.1% | 25,354€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 58 | Ognjen Rakočević11012337 | <0.1% | 25,190€ | +9.8% | -401€ | -1.6% | 1 | 1,170€ |
| 59 | <0.1% | 24,928€ | +71.7% | -515€ | -2.1% | 1 | 677€ | |
| 60 | Sinteza11024025 · Nikšić | <0.1% | 24,110€ | No filing for 2024. | 4,339€ | 18.0% | 1 | 634€ |
| 61 | Avanturistički Tim Podgorica11098878 · Podgorica | <0.1% | 22,103€ | +30.8% | 0€ | 0.0% | 0 | — |
| 62 | Stereotip03004074 | <0.1% | 19,115€ | +164.5% | -2,322€ | -12.1% | 3 | 365€ |
| 63 | ORG.ZA UZG.I ZAŠ.I Lov Divlj. Ilija Milović02038625 · Nikšić | <0.1% | 18,361€ | No filing for 2024. | 0€ | 0.0% | 3 | 433€ |
| 64 | Udruženje Roma Budo Tomović02355728 · Nikšić | <0.1% | 17,739€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 65 | Nacionalno Udruženje Procjenitelja Crne Gore11018106 · Podgorica | <0.1% | 16,505€ | -1.4% | 0€ | 0.0% | 0 | — |
| 66 | Nvo Kino Klub Podgorica11094244 · Podgorica | <0.1% | 16,341€ | +109.4% | 0€ | 0.0% | 0 | — |
| 67 | <0.1% | 15,302€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,066€ | |
| 68 | Ljubav za Ljubav11047505 | <0.1% | 14,894€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 69 | Udruženje Pčelara Podgorice02025124 · Podgorica | <0.1% | 14,856€ | No filing for 2024. | 1,386€ | 9.3% | 1 | — |
| 70 | Nevladino Udruženje /Regionalna Razvojna Agencija Konekta Pljevlja/ Pljevlja11102409 · Pljevlja | <0.1% | 14,410€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,125€ |
| 71 | <0.1% | 14,353€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 72 | <0.1% | 14,080€ | No filing for 2024. | 55€ | 0.4% | 0 | — | |
| 73 | Centar Ekoloških Inicijativa03025250 | <0.1% | 13,826€ | No filing for 2024. | 2,629€ | 19.0% | 1 | 369€ |
| 74 | Flux11033067 | <0.1% | 12,444€ | No filing for 2024. | -25,969€ | -208.7% | 1 | 2,676€ |
| 75 | Prijatelji Pasa11004946 · Tivat | <0.1% | 11,842€ | -53.1% | -1,593€ | -13.5% | 1 | — |
| 76 | Radio Klub Podgorica02020033 · Podgorica | <0.1% | 11,586€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 77 | Udruženje Adultnih Pacijenata Oboljelih Dijabetesa Millitusa Tip 1 - Ekipa Dob Crna Gora11092870 · Bijelo Polje | <0.1% | 11,270€ | No filing for 2024. | 2,298€ | 20.4% | 1 | — |
| 78 | Mreža-Network11098908 | <0.1% | 11,030€ | No filing for 2024. | 7,845€ | 71.1% | 0 | — |
| 79 | Nevladina Organizacija /Nvo Lasta/Rožaje11074286 · Rožaje | <0.1% | 10,500€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 80 | Energeko02777029 · Podgorica | <0.1% | 10,386€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 81 | <0.1% | 10,329€ | +391.9% | 0€ | 0.0% | 0 | — | |
| 82 | Diši11093710 | <0.1% | 9,645€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 83 | Sveti Petar Cetinjski02301989 · Podgorica | <0.1% | 9,546€ | +247.1% | 0€ | 0.0% | 0 | — |
| 84 | Bihor02790521 · Petnjica | <0.1% | 9,273€ | No filing for 2024. | 7,305€ | 78.8% | 0 | — |
| 85 | Crnogorski Filmski Festival02749734 · Podgorica | <0.1% | 9,150€ | -52.4% | 309€ | 3.4% | 1 | — |
| 86 | Srce Srcu11097936 | <0.1% | 8,490€ | No filing for 2024. | 6,216€ | 73.2% | 1 | — |
| 87 | Istočnoevropska Slovenska Misija11106374 · Bar | <0.1% | 8,199€ | No filing for 2024. | 3,064€ | 37.4% | 1 | — |
| 88 | Lovćenska Vila11092837 | <0.1% | 7,961€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 89 | <0.1% | 7,809€ | No filing for 2024. | 0€ | 0.0% | 0 | — | |
| 90 | Monte Lingva03034097 · Podgorica | <0.1% | 7,750€ | -42.0% | 0€ | 0.0% | 1 | — |
| 91 | Udruženje za Pomoć i Podršku Osobama sa Cističnom Fibrozom Crne Gore11027806 · Nikšić | <0.1% | 7,600€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 92 | Obrazovanje za Budućnost11087795 | <0.1% | 7,261€ | No filing for 2024. | -76€ | -1.0% | 1 | 376€ |
| 93 | Nvo Bistričani - Bistričanke11104070 · Bijelo Polje | <0.1% | 6,370€ | No filing for 2024. | 962€ | 15.1% | 0 | — |
| 94 | Centar za Inkluziju Novo Doba11105530 · Bijelo Polje | <0.1% | 6,175€ | No filing for 2024. | 511€ | 8.3% | 1 | 471€ |
| 95 | Oblak11054463 | <0.1% | 5,800€ | No filing for 2024. | 5,778€ | 99.6% | 0 | — |
| 96 | Mladost11077145 | <0.1% | 5,655€ | No filing for 2024. | -423€ | -7.5% | 0 | — |
| 97 | Evropske Demokratske Inicijative03015394 · Kotor | <0.1% | 5,498€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 98 | Zagrli Srcem Martin i Andrija11057241 · Bijelo Polje | <0.1% | 5,230€ | -51.5% | 0€ | 0.0% | 0 | — |
| 99 | Nevladino Udruženje / Nvo Grupa Građana Bu2 / Budva11080901 · Budva | <0.1% | 5,052€ | No filing for 2024. | 1,460€ | 28.9% | 1 | — |
| 100 | Dječji Umjetnički Centar02327422 · Podgorica | <0.1% | 5,000€ | No filing for 2024. | -583€ | -11.7% | 0 | — |