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 201–250 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* |
|---|
| 201 | Ah Technology02924285 · Budva | <0.1% | 98,829€ | -35.0% | 35,894€ | 36.3% | 2 | 654€ |
| 202 | Kvorum03318753 · Podgorica | <0.1% | 96,679€ | -89.4% | -217,454€ | -224.9% | 2 | 457€ |
| 203 | Montecristo02435497 · Herceg Novi | <0.1% | 96,142€ | -21.0% | -5,817€ | -6.1% | 3 | 785€ |
| 204 | Av Properties02446260 · Podgorica | <0.1% | 96,013€ | +58.6% | 84,095€ | 87.6% | 1 | — |
| 205 | Torzo02193701 · Podgorica | <0.1% | 96,000€ | 0.0% | 5,327€ | 5.5% | 1 | 856€ |
| 206 | Jaz- Mrčevo Polje02976447 · Budva | <0.1% | 95,317€ | +10.4% | -4,085€ | -4.3% | 5 | 1,323€ |
| 207 | Doddle Investments Limited03436900 · Podgorica | <0.1% | 94,986€ | -1.8% | 18,021€ | 19.0% | 1 | 463€ |
| 208 | Kayan Assistance03242072 · Budva | <0.1% | 94,501€ | +34.1% | 66,982€ | 70.9% | 1 | 696€ |
| 209 | MN Rental Group03636909 · Kotor | <0.1% | 93,576€ | +540.2% | -2,485€ | -2.7% | 2 | 2,527€ |
| 210 | One More Group Mne03482448 · Budva | <0.1% | 93,011€ | -40.7% | -16,801€ | -18.1% | 5 | 759€ |
| 211 | Nim Real Estate03256715 · Tivat | <0.1% | 92,781€ | -0.9% | 23,250€ | 25.1% | 1 | 675€ |
| 212 | Casa Estate03410722 · Podgorica | <0.1% | 92,721€ | +76.5% | 14,860€ | 16.0% | 2 | 2,191€ |
| 213 | Levimax03238245 · Tivat | <0.1% | 91,249€ | +12.0% | 2,229€ | 2.4% | 2 | 1,529€ |
| 214 | Tremcor Montenegro03176304 · Podgorica | <0.1% | 90,471€ | +2.3% | -86,255€ | -95.3% | 2 | 1,199€ |
| 215 | Vanderbilt03740889 · Zeta | <0.1% | 90,000€ | No filing for 2024. | 63,204€ | 70.2% | 1 | — |
| 216 | MN Business Technologies03363392 · Tivat | <0.1% | 89,828€ | +1,246.1% | 28,768€ | 32.0% | 1 | 677€ |
| 217 | Living TV03150976 · Tivat | <0.1% | 87,358€ | -1.5% | 3,266€ | 3.7% | 1 | 669€ |
| 218 | Magic Stars02641232 · Budva | <0.1% | 87,149€ | -2.5% | -21,412€ | -24.6% | 5 | 800€ |
| 219 | Panda Clean03525686 · Podgorica | <0.1% | 85,887€ | +71.8% | -13,373€ | -15.6% | 4 | 704€ |
| 220 | Zenit Max03355624 · Kolašin | <0.1% | 84,817€ | -20.1% | 4,978€ | 5.9% | 1 | 593€ |
| 221 | MP Property02734885 · Bar | <0.1% | 84,704€ | +49.4% | 9,018€ | 10.6% | 3 | 1,228€ |
| 222 | BNB Solution03547779 · Bar | <0.1% | 84,442€ | +56.9% | 5,451€ | 6.5% | 6 | 867€ |
| 223 | Dossanegro03638022 · Podgorica | <0.1% | 83,653€ | +148.8% | 27,530€ | 32.9% | 1 | 677€ |
| 224 | Aits02681064 · Budva | <0.1% | 83,641€ | -73.3% | 1,997€ | 2.4% | 2 | 893€ |
| 225 | Rem03248704 · Podgorica | <0.1% | 83,239€ | +130.3% | -11,015€ | -13.2% | 5 | 684€ |
| 226 | Objekta Real Estate03362418 · Tivat | <0.1% | 81,462€ | +76.0% | 11,686€ | 14.3% | 2 | 934€ |
| 227 | Euromode02982170 · Budva | <0.1% | 80,696€ | -8.1% | 5,378€ | 6.7% | 1 | 1,294€ |
| 228 | Bijeli Lav03119599 · Budva | <0.1% | 79,325€ | -8.7% | 8,209€ | 10.3% | 2 | 799€ |
| 229 | Esse Technology03633381 · Podgorica | <0.1% | 78,663€ | +146.2% | 23,354€ | 29.7% | 1 | — |
| 230 | Montenegro Shores Property02468999 · Budva | <0.1% | 78,363€ | +930.4% | 63,735€ | 81.3% | 1 | 450€ |
| 231 | Ece03633136 · Podgorica | <0.1% | 78,005€ | +172.7% | 25,202€ | 32.3% | 1 | 925€ |
| 232 | Numero Tre03639118 · Podgorica | <0.1% | 76,615€ | +9.2% | 35,704€ | 46.6% | 1 | 335€ |
| 233 | Mbb.Montenegro03727548 · Budva | <0.1% | 76,063€ | No filing for 2024. | 48,873€ | 64.3% | 1 | 1,351€ |
| 234 | Apl Holdings03613003 · Budva | <0.1% | 75,905€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,415€ | 22.9% | 1 | 1,718€ |
| 235 | Tanya Design Montenegro03233243 · Tivat | <0.1% | 75,819€ | +169.2% | -64,593€ | -85.2% | 1 | 929€ |
| 236 | City Rent02715694 · Podgorica | <0.1% | 75,816€ | +86.9% | 5,971€ | 7.9% | 1 | 927€ |
| 237 | Čanj Investment03186270 · Podgorica | <0.1% | 74,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -138,323€ | -185.4% | 1 | 485€ |
| 238 | Akvila03109976 · Podgorica | <0.1% | 74,168€ | -57.7% | -49,430€ | -66.6% | 2 | 1,532€ |
| 239 | Vis Investment03107884 · Podgorica | <0.1% | 74,092€ | -53.7% | -419,222€ | -565.8% | 1 | 984€ |
| 240 | Kontesa - LK02763028 · Tivat | <0.1% | 74,024€ | +27.4% | 3,397€ | 4.6% | 3 | 1,187€ |
| 241 | Monteco Mne03466949 · Bar | <0.1% | 73,854€ | -10.9% | 645€ | 0.9% | 5 | 688€ |
| 242 | Atalay Tourim Services03466329 · Tivat | <0.1% | 72,960€ | +7,295,900.0% | 31,817€ | 43.6% | 1 | 929€ |
| 243 | Pinnacle Properties03240550 · Tivat | <0.1% | 72,606€ | +56.3% | -95,522€ | -131.6% | 1 | — |
| 244 | Orjen Shipping03006093 · Kotor | <0.1% | 72,000€ | +100.0% | -41,941€ | -58.3% | 2 | 403€ |
| 245 | JM Grand Group03093158 · Budva | <0.1% | 71,170€ | -38.2% | -7,542€ | -10.6% | 3 | 1,231€ |
| 246 | G - Invest02896788 · Podgorica | <0.1% | 70,964€ | +10.8% | -45,068€ | -63.5% | 2 | 1,706€ |
| 247 | Kvad Consulting03491358 · Tivat | <0.1% | 70,650€ | +9.8% | -8,155€ | -11.5% | 1 | 678€ |
| 248 | Madusa03396690 · Podgorica | <0.1% | 69,396€ | +9.7% | 11,684€ | 16.8% | 1 | — |
| 249 | Greencat03204324 · Bar | <0.1% | 69,364€ | +14.0% | -2,443€ | -3.5% | 1 | 677€ |
| 250 | Luxury Adriatic03374661 · Tivat | <0.1% | 68,284€ | +121.2% | 13,864€ | 20.3% | 3 | 688€ |