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 101–150 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* |
|---|
| 101 | Spim M03218066 · Podgorica | 0.1% | 270,796€ | +27.2% | 81,737€ | 30.2% | 1 | 2,453€ |
| 102 | 28 Apartments Rentals03591409 · Podgorica | 0.1% | 264,813€ | +65.9% | 27,031€ | 10.2% | 3 | 1,906€ |
| 103 | Status-M03070719 · Budva | 0.1% | 258,605€ | +16.8% | 19,803€ | 7.7% | 5 | 1,149€ |
| 104 | Montenegrodom Company02736063 · Tivat | 0.1% | 258,133€ | +72.9% | 87,938€ | 34.1% | 2 | 797€ |
| 105 | Cobest Real Estate03670163 · Podgorica | 0.1% | 250,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 82,465€ | 33.0% | 1 | 771€ |
| 106 | Iso Building02969513 · Tivat | 0.1% | 248,448€ | +0.5% | 141,571€ | 57.0% | 2 | 675€ |
| 107 | Adriatic Dream Estate03659771 · Budva | 0.1% | 248,373€ | +14.8% | -23,719€ | -9.5% | 4 | 1,047€ |
| 108 | Stole Co02452065 · Bar | 0.1% | 247,559€ | +2,847.1% | -50,819€ | -20.5% | 2 | 674€ |
| 109 | Bigova Bay02462893 · Kotor | 0.1% | 246,207€ | -44.9% | -321,806€ | -130.7% | 1 | 5,542€ |
| 110 | Mykonut03166287 · Budva | 0.1% | 243,637€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 98,290€ | 40.3% | 4 | 945€ |
| 111 | Reliable Real Estate Montenegro02902389 · Podgorica | 0.1% | 240,105€ | +0.0% | 57,694€ | 24.0% | 1 | 689€ |
| 112 | Dalmont Construction03458598 · Danilovgrad | 0.1% | 237,220€ | +294.7% | 21,867€ | 9.2% | 1 | 929€ |
| 113 | Hotel 21202954508 · Podgorica | 0.1% | 233,897€ | -4.1% | 34,364€ | 14.7% | 1 | — |
| 114 | Larakash Stroy03413918 · Budva | 0.1% | 232,764€ | -78.5% | 1,840€ | 0.8% | 1 | 795€ |
| 115 | PN Rent03384705 · Herceg Novi | 0.1% | 230,109€ | +90.5% | 13,497€ | 5.9% | 2 | 1,068€ |
| 116 | Sale and Rent03223299 · Podgorica | <0.1% | 229,438€ | -36.9% | 3,068€ | 1.3% | 4 | 1,561€ |
| 117 | Montpro02856808 · Podgorica | <0.1% | 227,780€ | -6.7% | 45,837€ | 20.1% | 1 | 2,659€ |
| 118 | TDS Plus03365298 · Podgorica | <0.1% | 226,868€ | +176.4% | 107,608€ | 47.4% | 1 | 2,665€ |
| 119 | Concord Nekretnine03550575 · Podgorica | <0.1% | 221,766€ | +82.2% | 64,570€ | 29.1% | 6 | 966€ |
| 120 | Babaj03235815 · Ulcinj | <0.1% | 220,383€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -105,992€ | -48.1% | 1 | 678€ |
| 121 | Adriastar Mne02621550 · Herceg Novi | <0.1% | 218,005€ | +3.3% | 7,636€ | 3.5% | 2 | 3,143€ |
| 122 | DFS Real Estate03137376 | <0.1% | 217,464€ | 0.0% | 71,736€ | 33.0% | 1 | — |
| 123 | Luxury Rental03372669 · Herceg Novi | <0.1% | 212,677€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 173,891€ | 81.8% | 1 | 790€ |
| 124 | Sunny MN03458016 · Herceg Novi | <0.1% | 211,500€ | -43.7% | 1,361€ | 0.6% | 1 | 928€ |
| 125 | Port Land02954982 · Tivat | <0.1% | 209,822€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,953€ | 14.3% | 1 | 675€ |
| 126 | Boundless Life Montenegro03661563 · Podgorica | <0.1% | 206,118€ | -15.8% | -853,148€ | -413.9% | 9 | 2,009€ |
| 127 | Golden Group03005976 · Kotor | <0.1% | 199,395€ | -6.3% | -234,234€ | -117.5% | 8 | 1,658€ |
| 128 | Gama Montenegro03196933 · Podgorica | <0.1% | 198,091€ | +48.4% | 153,806€ | 77.6% | 1 | 339€ |
| 129 | Tim Consulting03513653 · Podgorica | <0.1% | 195,782€ | +182.1% | 65,819€ | 33.6% | 1 | 4,668€ |
| 130 | Coast 1 Mne03152294 · Podgorica | <0.1% | 195,000€ | +6.2% | -655,405€ | -336.1% | 1 | 603€ |
| 131 | Venture M02992302 · Tivat | <0.1% | 194,839€ | +253.9% | -32,403€ | -16.6% | 1 | 678€ |
| 132 | Senergy03373797 · Budva | <0.1% | 192,153€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 68,845€ | 35.8% | 1 | 678€ |
| 133 | Colliers International02687194 · Podgorica | <0.1% | 187,555€ | -11.6% | 13,932€ | 7.4% | 3 | 1,988€ |
| 134 | Copy Net02697416 · Budva | <0.1% | 186,566€ | +3.3% | 1,796€ | 1.0% | 13 | 732€ |
| 135 | Ars Montenegro02891166 · Podgorica | <0.1% | 185,890€ | +2.1% | -147,259€ | -79.2% | 1 | 1,636€ |
| 136 | 2montenegro03130622 · Kotor | <0.1% | 185,812€ | +118.1% | 10,599€ | 5.7% | 1 | 3,705€ |
| 137 | New International Investment Project Limited Montenegro03276139 · Budva | <0.1% | 185,163€ | +3.2% | 41,399€ | 22.4% | 1 | 338€ |
| 138 | Novasol03634990 · Tivat | <0.1% | 184,701€ | +45.9% | 91,947€ | 49.8% | 2 | 908€ |
| 139 | Waz Porto03103021 · Tivat | <0.1% | 181,142€ | +293.0% | 34,931€ | 19.3% | 1 | 681€ |
| 140 | Handy Man Mne03653056 · Kotor | <0.1% | 178,468€ | +4,932.9% | -45,637€ | -25.6% | 2 | 786€ |
| 141 | Flow Ing03323498 · Tivat | <0.1% | 176,971€ | +595.4% | 63,327€ | 35.8% | 1 | 678€ |
| 142 | M.K. Invest02698951 · Podgorica | <0.1% | 176,017€ | -19.9% | 40,227€ | 22.9% | 3 | 643€ |
| 143 | Hijos03701808 · Budva | <0.1% | 171,360€ | +500.0% | 567€ | 0.3% | 1 | 2,937€ |
| 144 | Adriatic Appraisal Montenegro03087875 · Podgorica | <0.1% | 164,885€ | +37.2% | 463€ | 0.3% | 4 | 2,438€ |
| 145 | Wave Montenegro03655229 · Bar | <0.1% | 163,476€ | +165.1% | 22,230€ | 13.6% | 1 | 903€ |
| 146 | New Level03544915 · Herceg Novi | <0.1% | 160,889€ | +8.7% | 17,948€ | 11.2% | 1 | 1,199€ |
| 147 | Black Dolphin03747875 · Herceg Novi | <0.1% | 159,098€ | No filing for 2024. | 53,057€ | 33.3% | 1 | 3,943€ |
| 148 | Betco Montenegro03174026 · Podgorica | <0.1% | 157,238€ | +0.7% | -45,078€ | -28.7% | 1 | 338€ |
| 149 | Montenegro Investment Services02671620 · Kotor | <0.1% | 153,488€ | -41.2% | 1,598€ | 1.0% | 4 | 1,309€ |
| 150 | 42 North02945266 · Tivat | <0.1% | 151,280€ | +4.0% | 20,854€ | 13.8% | 1 | 677€ |