Revenue
0.3% of Montenegro's revenue
471 companies earned 61.13m€ in 2025, 0.3% of all company revenue in Montenegro. It ranks 16 of 18 sectors by revenue. Revenue has grown 3.5× since 2015.
0.3% of Montenegro's revenue
234 with at most one employee
Largest employer: Sergije Stanić (203)
Total profit: 1.48m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 17,418,893€ | 147 |
| 2016 | 20,877,059€ | 156 |
| 2017 | 22,034,473€ | 168 |
| 2018 | 22,574,319€ | 189 |
| 2019 | 24,420,913€ | 226 |
| 2020 | 23,849,408€ | 244 |
| 2021 | 28,985,166€ | 274 |
| 2022 | 36,727,504€ | 342 |
| 2023 | 46,866,170€ | 402 |
| 2024 | 54,456,998€ | 440 |
| 2025 (Preliminary) | 61,129,031€ | 471 |
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 471
* 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 | Edukativni Centar Arhimed03170322 · Podgorica | 0.4% | 257,249€ | +33.2% | 89,959€ | 35.0% | 4 | 3,112€ |
| 52 | Resursni Centar za Sluh i Govor DR. Peruta Ivanović02019132 · Kotor | 0.4% | 256,115€ | +27.2% | 140,607€ | 54.9% | 25 | — |
| 53 | Kreativna Čarolija03069672 · Tivat | 0.4% | 251,797€ | +15.6% | 68,418€ | 27.2% | 7 | 1,011€ |
| 54 | Maša02805910 · Podgorica | 0.4% | 250,973€ | +23.9% | 5,183€ | 2.1% | 20 | 880€ |
| 55 | Edu Hub02979691 · Budva | 0.4% | 240,242€ | -19.8% | -142,873€ | -59.5% | 10 | 2,049€ |
| 56 | Filološki Fakultet Podgorica03077292 · Podgorica | 0.4% | 234,479€ | +18.7% | -735€ | -0.3% | 6 | 1,689€ |
| 57 | Edumonte03448959 · Bar | 0.4% | 227,679€ | -18.6% | -39,389€ | -17.3% | 16 | 1,100€ |
| 58 | Fakultet za Biznis i Turizam Budva02744295 · Budva | 0.4% | 219,282€ | +4.7% | 3,328€ | 1.5% | 8 | 1,460€ |
| 59 | Moj Svijet02850702 · Budva | 0.4% | 214,992€ | +8.7% | 2,823€ | 1.3% | 15 | 816€ |
| 60 | Waves-Budva03157881 · Budva | 0.3% | 198,745€ | -1.4% | 4,139€ | 2.1% | 6 | 1,206€ |
| 61 | Digitalbee Edu03396584 · Podgorica | 0.3% | 195,304€ | +410.6% | 94,964€ | 48.6% | 1 | 5,031€ |
| 62 | Hogvards03279472 · Bar | 0.3% | 194,829€ | +18.6% | -31,861€ | -16.4% | 20 | 521€ |
| 63 | Andre Navarra02135353 · Podgorica | 0.3% | 189,921€ | -16.3% | 159€ | 0.1% | 15 | 786€ |
| 64 | Ineska02644355 · Kotor | 0.3% | 183,821€ | +30.6% | 13,175€ | 7.2% | 2 | 3,961€ |
| 65 | Kotor Am02785757 · Kotor | 0.3% | 170,600€ | +51.7% | 39,259€ | 23.0% | 2 | 2,810€ |
| 66 | Porta Aperta03012468 · Podgorica | 0.3% | 170,543€ | -4.6% | 128€ | 0.1% | 7 | 1,563€ |
| 67 | Mirav02929961 · Podgorica | 0.3% | 166,962€ | +51.5% | 16,584€ | 9.9% | 9 | 805€ |
| 68 | Auto Škola Bolid03401316 · Podgorica | 0.3% | 165,271€ | +25.5% | 37,125€ | 22.5% | 4 | 1,359€ |
| 69 | Osmjeh02947161 · Kotor | 0.3% | 164,653€ | -1.4% | -10,069€ | -6.1% | 10 | 998€ |
| 70 | Princeza Ksenija02421348 · Bar | 0.3% | 164,326€ | +56.4% | 3,149€ | 1.9% | 3 | 2,428€ |
| 71 | Urban Protection Training Centar Montenegro02902486 · Podgorica | 0.3% | 156,663€ | +133.1% | 43,726€ | 27.9% | 4 | 1,411€ |
| 72 | Lasta Group03275710 · Podgorica | 0.3% | 155,920€ | +10.1% | 57,165€ | 36.7% | 2 | 2,526€ |
| 73 | International School and Kindergarten Maša03695204 · Podgorica | 0.3% | 155,610€ | +487.6% | 19,992€ | 12.8% | 12 | 812€ |
| 74 | As Team03147274 · Podgorica | 0.3% | 153,190€ | +5.0% | 19,950€ | 13.0% | 4 | 796€ |
| 75 | Mediteran02249596 · Ulcinj | 0.2% | 150,915€ | +29.0% | 38€ | 0.0% | 3 | 1,014€ |
| 76 | Oxford Centar02352729 · Podgorica | 0.2% | 148,404€ | -48.1% | -92,878€ | -62.6% | 10 | 947€ |
| 77 | Smart GYM02911051 · Podgorica | 0.2% | 147,861€ | +9.0% | 4,569€ | 3.1% | 8 | 651€ |
| 78 | Go Smart03292304 · Podgorica | 0.2% | 144,260€ | +27.7% | 23,124€ | 16.0% | 5 | 635€ |
| 79 | Visoka Medicinska Škola Iceps03375790 · Kotor | 0.2% | 143,479€ | +218.8% | 10,569€ | 7.4% | 4 | 1,736€ |
| 80 | Casa Dei Bambini03242897 · Podgorica | 0.2% | 139,837€ | +15.8% | 674€ | 0.5% | 12 | 858€ |
| 81 | Fakultet za Sportski Menadžment Podgorica02913453 · Podgorica | 0.2% | 139,286€ | +10.5% | -6,060€ | -4.4% | 5 | 1,830€ |
| 82 | Oxford Centar - International Language Center03726720 · Podgorica | 0.2% | 131,344€ | No filing for 2024. | 26,409€ | 20.1% | 11 | 703€ |
| 83 | Zeta Drive03252221 · Zeta | 0.2% | 130,760€ | +57.8% | 15,901€ | 12.2% | 2 | 2,790€ |
| 84 | Marjanović02260069 · Pljevlja | 0.2% | 128,048€ | +449.8% | 52,254€ | 40.8% | 3 | 676€ |
| 85 | Čarli Čaplin03352579 · Podgorica | 0.2% | 123,840€ | +21.4% | 4,128€ | 3.3% | 10 | 798€ |
| 86 | Javna Ustanova Srednja Pomorska Škola - Kotor02387930 · Kotor | 0.2% | 123,489€ | +9.5% | 57,074€ | 46.2% | 1 | 674€ |
| 87 | British Green Academy03636500 · Podgorica | 0.2% | 123,133€ | +4,776.6% | -45,104€ | -36.6% | 8 | 814€ |
| 88 | Maks02317214 · Podgorica | 0.2% | 122,739€ | +13.3% | 24,844€ | 20.2% | 7 | 613€ |
| 89 | Cambridge Centar Ih02692317 · Podgorica | 0.2% | 118,071€ | -1.7% | 12,641€ | 10.7% | 5 | 1,032€ |
| 90 | Kockica02806754 · Podgorica | 0.2% | 117,620€ | +10.0% | 5,079€ | 4.3% | 6 | 1,016€ |
| 91 | Adriatic Novi03589412 · Herceg Novi | 0.2% | 117,167€ | -39.8% | -83,228€ | -71.0% | 13 | 924€ |
| 92 | Gold02680599 · Nikšić | 0.2% | 116,826€ | +73.2% | 42,340€ | 36.2% | 5 | 709€ |
| 93 | Minel03332861 · Plav | 0.2% | 114,679€ | +26.6% | -2,750€ | -2.4% | 6 | 1,190€ |
| 94 | General Assembly For Education Montenegro03758621 · Podgorica | 0.2% | 114,515€ | No filing for 2024. | -198,414€ | -173.3% | 5 | 2,549€ |
| 95 | Plus Global03686566 · Kotor | 0.2% | 113,524€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 62,127€ | 54.7% | 2 | 1,130€ |
| 96 | Naše Malo Kraljevstvo03338789 · Podgorica | 0.2% | 111,309€ | +55.2% | 18,771€ | 16.9% | 7 | 801€ |
| 97 | Fakultet Umjetnosti02746620 · Podgorica | 0.2% | 109,906€ | +15.7% | -7,140€ | -6.5% | 5 | 1,848€ |
| 98 | Udg Centar za Strane Jezike02748347 · Podgorica | 0.2% | 108,417€ | +19.8% | 24,091€ | 22.2% | 3 | 2,201€ |
| 99 | Auto Škola Stefan03159175 · Bar | 0.2% | 107,282€ | +158.0% | 24,127€ | 22.5% | 5 | 703€ |
| 100 | Maritime Academy03353931 · Kotor | 0.2% | 106,461€ | +35.1% | 26,730€ | 25.1% | 2 | 2,861€ |