Revenue
1.3% of Montenegro's revenue
1,642 companies earned 229.77m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 18 sectors by revenue. Revenue has grown 4.8× since 2015.
1.3% of Montenegro's revenue
1,221 with at most one employee
Largest employer: Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore (240)
Total profit: 9.88m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 47,981,640€ | 589 |
| 2016 | 56,737,606€ | 589 |
| 2017 | 69,589,820€ | 642 |
| 2018 | 60,030,655€ | 759 |
| 2019 | 62,816,032€ | 885 |
| 2020 | 62,442,623€ | 943 |
| 2021 | 96,671,654€ | 1,060 |
| 2022 | 184,811,376€ | 1,327 |
| 2023 | 193,544,494€ | 1,508 |
| 2024 | 193,806,032€ | 1,631 |
| 2025 (Preliminary) | 229,773,419€ | 1,642 |
The number of companies jumped most in 2022: from 1,060 to 1,327.
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 1,642
* 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 3 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 | Turistički Centar Durmitor02959798 · Žabljak | 0.3% | 711,842€ | +26.2% | -213,389€ | -30.0% | 24 | 1,484€ |
| 52 | Taube03035778 · Podgorica | 0.3% | 699,500€ | -28.3% | 519,012€ | 74.2% | 1 | 1,873€ |
| 53 | Montesun Group03255077 · Budva | 0.3% | 697,035€ | +77.6% | 104,731€ | 15.0% | 10 | 776€ |
| 54 | Ena Capital03403858 · Tivat | 0.3% | 686,136€ | +273,261.0% | 68,941€ | 10.0% | 1 | 10,032€ |
| 55 | SKY Line Resort03529797 · Budva | 0.3% | 677,735€ | +27.7% | 39,703€ | 5.9% | 6 | 991€ |
| 56 | Centar Novi03067360 · Herceg Novi | 0.3% | 640,007€ | +2.8% | 2,128€ | 0.3% | 14 | 930€ |
| 57 | Rest Land03377130 · Tivat | 0.3% | 623,121€ | +1,574.2% | -16,716€ | -2.7% | 1 | 926€ |
| 58 | Meer03375129 · Budva | 0.3% | 620,034€ | -21.4% | -30,373€ | -4.9% | 1 | 809€ |
| 59 | Fresh02811260 · Podgorica | 0.3% | 610,263€ | +165.0% | 95,337€ | 15.6% | 10 | 1,046€ |
| 60 | Kotor 103604438 · Podgorica | 0.3% | 602,522€ | +9.7% | -39,442€ | -6.5% | 1 | 393€ |
| 61 | Akademija Znanja02764121 · Budva | 0.3% | 583,347€ | +68.1% | 75,353€ | 12.9% | 18 | 1,192€ |
| 62 | Athos Real Estate and Investment03668860 · Podgorica | 0.2% | 557,240€ | +467.2% | -147,240€ | -26.4% | 13 | 824€ |
| 63 | Novi Građevinar03653145 · Podgorica | 0.2% | 543,257€ | -26.9% | 188,314€ | 34.7% | 2 | 4,246€ |
| 64 | Mega Shopping Mall03647161 · Budva | 0.2% | 541,827€ | +1,147.7% | -33,979€ | -6.3% | 4 | 1,527€ |
| 65 | Real Estate Development03678857 · Herceg Novi | 0.2% | 513,957€ | -36.8% | -2,849,783€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |
| 66 | High Life Construction03382885 · Tivat | 0.2% | 509,132€ | +50.7% | 28,137€ | 5.5% | 1 | 932€ |
| 67 | Vastgoed-Luštica03284484 · Tivat | 0.2% | 506,543€ | +794.2% | 213,444€ | 42.1% | 2 | 2,216€ |
| 68 | Mont Lux Real Estate03191966 · Budva | 0.2% | 505,230€ | +9.3% | 433,785€ | 85.9% | 1 | — |
| 69 | Selev02660318 | 0.2% | 489,922€ | +1,124.3% | -106,652€ | -21.8% | 4 | 424€ |
| 70 | Kallini03330982 · Tivat | 0.2% | 470,785€ | -5.3% | -124,167€ | -26.4% | 10 | 775€ |
| 71 | 2LB Montenegro03049817 · Tivat | 0.2% | 467,971€ | +46.7% | -26,328€ | -5.6% | 5 | 1,058€ |
| 72 | Čelebić Rent02840359 · Podgorica | 0.2% | 463,766€ | +10.5% | 110,024€ | 23.7% | 6 | 589€ |
| 73 | Montenegro Land Office03246043 · Budva | 0.2% | 456,808€ | +878,376.9% | 220,682€ | 48.3% | 2 | 2,357€ |
| 74 | Amais03445771 · Podgorica | 0.2% | 455,906€ | +45,590,500.0% | -10,505€ | -2.3% | 1 | 314€ |
| 75 | Casa Al Mare03185109 · Budva | 0.2% | 433,126€ | -34.7% | 1,621€ | 0.4% | 4 | 1,154€ |
| 76 | Farmarent02997649 · Podgorica | 0.2% | 426,111€ | +0.3% | 254,282€ | 59.7% | 1 | — |
| 77 | Forrus02700468 · Tivat | 0.2% | 422,529€ | +40.8% | 4,734€ | 1.1% | 1 | 943€ |
| 78 | Aps Kapital03011666 · Podgorica | 0.2% | 421,754€ | +74.8% | 112,675€ | 26.7% | 1 | 2,594€ |
| 79 | Čelebić Invest02015927 · Podgorica | 0.2% | 413,247€ | -2.6% | 206,211€ | 49.9% | 2 | 2,670€ |
| 80 | A3 Medical03414663 · Bar | 0.2% | 401,022€ | +132.4% | -368,475€ | -91.9% | 7 | 894€ |
| 81 | Kuč Handel03596567 · Podgorica | 0.2% | 392,502€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 75,933€ | 19.3% | 1 | — |
| 82 | Sasa Capital03287025 · Podgorica | 0.2% | 387,841€ | -38.7% | -21,913€ | -5.6% | 4 | 2,236€ |
| 83 | Cinque Cubetti03339394 · Tivat | 0.2% | 377,470€ | -9.7% | -17,320€ | -4.6% | 1 | 846€ |
| 84 | Remontni Centar HN03396622 · Herceg Novi | 0.2% | 376,337€ | -8.6% | 175,204€ | 46.6% | 5 | 901€ |
| 85 | Artista03634213 · Budva | 0.2% | 357,776€ | -18.1% | 2,971€ | 0.8% | 11 | 954€ |
| 86 | Kotor Nest03145301 · Kotor | 0.2% | 356,686€ | +10.1% | 42,583€ | 11.9% | 5 | 1,696€ |
| 87 | Lemark03697690 · Budva | 0.2% | 351,980€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,724€ | -8.2% | 1 | 680€ |
| 88 | Ekomont Invest03064450 · Kotor | 0.2% | 347,204€ | +169.5% | -20,266€ | -5.8% | 2 | 584€ |
| 89 | Baia 50303475654 · Tivat | 0.2% | 344,729€ | +1,641,466.7% | 40,966€ | 11.9% | 1 | 1,409€ |
| 90 | Old Town Invest Group02638533 · Budva | 0.1% | 338,843€ | +191.4% | 45,009€ | 13.3% | 2 | 666€ |
| 91 | TCZ03099148 · Podgorica | 0.1% | 323,188€ | +5.0% | 55,557€ | 17.2% | 1 | 2,807€ |
| 92 | Value102833131 · Tivat | 0.1% | 320,048€ | -1.4% | 70,572€ | 22.1% | 4 | 1,636€ |
| 93 | B&B Solution03295940 · Budva | 0.1% | 311,789€ | +29.1% | 20,712€ | 6.6% | 16 | 1,009€ |
| 94 | Catalonia02421518 · Herceg Novi | 0.1% | 300,889€ | +249.4% | 146,578€ | 48.7% | 2 | 465€ |
| 95 | Atrium Management02953021 · Budva | 0.1% | 300,569€ | +109.1% | 243,504€ | 81.0% | 1 | 804€ |
| 96 | Luxury Homes02810042 · Podgorica | 0.1% | 300,283€ | +65.0% | 123,228€ | 41.0% | 4 | 1,298€ |
| 97 | Montenegro Prospects02691094 · Bar | 0.1% | 296,030€ | +29.4% | 40,960€ | 13.8% | 7 | 1,104€ |
| 98 | Sb.Immo03727521 · Budva | 0.1% | 295,191€ | No filing for 2024. | 196,675€ | 66.6% | 0 | — |
| 99 | Jam03461033 · Podgorica | 0.1% | 283,397€ | -7.8% | 220,851€ | 77.9% | 1 | 667€ |
| 100 | Leman Sea Properties03111407 · Kotor | 0.1% | 270,872€ | +1.5% | 70,818€ | 26.1% | 2 | 885€ |