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 1–50 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* |
|---|
| 1 | Sergije Stanić02010607 · Podgorica | 5.9% | 3,630,325€ | +4.3% | -652,369€ | -18.0% | 203 | 1,123€ |
| 2 | Knightsbridge Schools Montenegro02799316 · Tivat | 5.9% | 3,592,954€ | -6.4% | 59,174€ | 1.6% | 58 | 2,615€ |
| 3 | British International School Arcadia Academy03080528 · Kotor | 5.1% | 3,087,463€ | +13.2% | 469,711€ | 15.2% | 37 | 2,320€ |
| 4 | Adriatikkoledž03038726 · Budva | 4.4% | 2,678,553€ | +6.6% | 78,487€ | 2.9% | 70 | 1,851€ |
| 5 | Qsi International School of Montenegro02750490 · Podgorica | 3.6% | 2,222,098€ | +0.5% | 206,193€ | 9.3% | 34 | 2,645€ |
| 6 | Stefan Mitrov Ljubiša02005646 · Budva | 3.3% | 2,046,249€ | +8.5% | -6,900€ | -0.3% | 143 | 1,104€ |
| 7 | Mediteran02466775 · Podgorica | 2.7% | 1,649,773€ | -6.3% | -160,303€ | -9.7% | 78 | 1,402€ |
| 8 | Univerzitet Donja Gorica Podgorica02779129 · Podgorica | 2.2% | 1,352,048€ | -4.0% | 7,409€ | 0.5% | 25 | 2,824€ |
| 9 | Mol Trening Centar (evropa)02347806 · Herceg Novi | 2.2% | 1,323,022€ | +27.0% | 155,050€ | 11.7% | 12 | 5,301€ |
| 10 | The British Academy03685063 · Podgorica | 2.2% | 1,315,032€ | +323.1% | 56,574€ | 4.3% | 29 | 1,601€ |
| 11 | Fakultet za Poslovni Menadžment02425769 · Bar | 2.0% | 1,232,616€ | +3.9% | 217,321€ | 17.6% | 11 | 3,105€ |
| 12 | International Student Exchange Montenegro02864070 · Podgorica | 2.0% | 1,210,374€ | +37.7% | 34,547€ | 2.9% | 7 | 2,876€ |
| 13 | United Kids International Montenegro03195180 · Podgorica | 2.0% | 1,203,163€ | +12.8% | 201,489€ | 16.7% | 46 | 1,169€ |
| 14 | Gimnazija Sveti Sava03435539 · Podgorica | 1.9% | 1,138,343€ | -1.3% | 0€ | 0.0% | 6 | 2,227€ |
| 15 | Fakultet za Pomorstvo i Turizam Bar02864096 · Bar | 1.6% | 998,942€ | +2.0% | 80,066€ | 8.0% | 12 | 3,779€ |
| 16 | Fakultet za Međunarodnu Ekonomiju, Finansije i Biznis Podgorica02652382 · Podgorica | 1.5% | 889,007€ | +4.9% | 113,420€ | 12.8% | 10 | 2,674€ |
| 17 | Fakultet Primijenjene Nauke03077276 · Podgorica | 1.3% | 818,517€ | +4.2% | 58,121€ | 7.1% | 13 | 2,789€ |
| 18 | HRS Technologies03415775 · Budva | 1.3% | 805,881€ | +2.5% | 126,941€ | 15.8% | 13 | 3,719€ |
| 19 | Fakultet za Poslovnu Ekonomiju i Pravo02742969 · Bar | 1.2% | 730,498€ | -3.6% | 190,894€ | 26.1% | 13 | 2,610€ |
| 20 | Centar za Kulturu - Ulcinj / Institucioni Publik02020629 · Ulcinj | 1.1% | 700,301€ | +22.9% | 185,487€ | 26.5% | 25 | 1,208€ |
| 21 | Fakultet Pravnih Nauka Podgorica02651882 · Podgorica | 1.1% | 688,528€ | +7.6% | -14,262€ | -2.1% | 14 | 1,695€ |
| 22 | Srednja Stručna Škola02009897 · Pljevlja | 1.1% | 686,473€ | +13.4% | 9,724€ | 1.4% | 30 | 1,051€ |
| 23 | Braća Selić02004461 · Kolašin | 1.1% | 679,688€ | -5.7% | -3,638€ | -0.5% | 36 | 1,372€ |
| 24 | Fakultet za Informacione Sisteme i Tehnologije Podgorica02717450 · Podgorica | 1.1% | 665,292€ | +17.0% | 20,797€ | 3.1% | 8 | 2,826€ |
| 25 | BMV Shipping Services02103133 · Bar | 1.0% | 598,429€ | -9.0% | 27,300€ | 4.6% | 8 | 1,165€ |
| 26 | Viktorija02289571 · Berane | 0.9% | 571,277€ | +33.2% | 140,964€ | 24.7% | 12 | 1,228€ |
| 27 | L' Ecole Francaise Europeenne De Podgorica03504255 · Podgorica | 0.9% | 570,876€ | +10.0% | -11,543€ | -2.0% | 17 | 2,227€ |
| 28 | Fakultet za Kulturu i Turizam02981777 · Podgorica | 0.9% | 556,036€ | -7.0% | 26,554€ | 4.8% | 9 | 2,196€ |
| 29 | Fakultet Humanističke Studije Podgorica02692112 · Podgorica | 0.9% | 553,923€ | +12.1% | 4,599€ | 0.8% | 11 | 1,876€ |
| 30 | Artić Pinokio02810069 · Podgorica | 0.9% | 546,270€ | +19.6% | 64,963€ | 11.9% | 22 | 1,197€ |
| 31 | Fakultet za Mediteranske Poslovne Studije, Tivat02742128 · Tivat | 0.9% | 537,707€ | +15.7% | 44,511€ | 8.3% | 11 | 2,785€ |
| 32 | Fakultet za Dizajn i Multimediju Podgorica02924323 · Podgorica | 0.8% | 512,929€ | +14.7% | 31,251€ | 6.1% | 13 | 1,946€ |
| 33 | J.U. Centar za Kulturu - Berane02008840 · Berane | 0.8% | 483,366€ | +6.1% | -14,853€ | -3.1% | 30 | 988€ |
| 34 | Regionalni Ronilački Centar za Podvodno Deminiranje i Obuku Ronilaca02361388 · Podgorica | 0.8% | 472,142€ | +2.4% | 46,578€ | 9.9% | 14 | 1,788€ |
| 35 | Politehnika02815958 · Podgorica | 0.8% | 459,320€ | +11.9% | 65,715€ | 14.3% | 7 | 2,322€ |
| 36 | Fakultet za Menadžment02741440 · Herceg Novi | 0.7% | 420,938€ | -2.9% | 19,422€ | 4.6% | 8 | 3,064€ |
| 37 | Institut Računovođa i Revizora Crne Gore02355329 · Podgorica | 0.7% | 418,153€ | +17.8% | -22,827€ | -5.5% | 8 | 3,765€ |
| 38 | Plava Jedra03280268 · Podgorica | 0.6% | 388,940€ | -6.4% | -14,671€ | -3.8% | 23 | 1,105€ |
| 39 | Zopt02464888 · Podgorica | 0.6% | 366,517€ | -21.4% | 6,343€ | 1.7% | 15 | 1,295€ |
| 40 | 0.6% | 345,295€ | +14.8% | 52,417€ | 15.2% | 6 | 2,704€ | |
| 41 | Fakultet Slobodnih Umjetnosti i Nauka Budva03502244 · Budva | 0.5% | 309,872€ | +160.1% | 25,586€ | 8.3% | 9 | 1,041€ |
| 42 | Logate Institut za Informacione Tehnologije03345564 · Podgorica | 0.5% | 307,419€ | +62.3% | 47,020€ | 15.3% | 5 | 3,423€ |
| 43 | Gimnazija Podgorica03674487 · Podgorica | 0.5% | 304,150€ | +240.6% | 29,481€ | 9.7% | 27 | 620€ |
| 44 | Adriatic Open03570894 · Bar | 0.5% | 299,984€ | +59.7% | -88,888€ | -29.6% | 21 | 1,104€ |
| 45 | Maštolend03306526 · Budva | 0.5% | 293,971€ | +35.2% | 32,750€ | 11.1% | 13 | 963€ |
| 46 | Točak02412012 · Podgorica | 0.5% | 292,133€ | +7.3% | 18,209€ | 6.2% | 4 | 3,000€ |
| 47 | Pamark02811731 · Podgorica | 0.5% | 287,237€ | +10.9% | 4,475€ | 1.6% | 9 | 1,444€ |
| 48 | 0.5% | 280,195€ | +3.3% | -90,520€ | -32.3% | 14 | 1,841€ | |
| 49 | Signal B&D03604616 · Podgorica | 0.4% | 274,510€ | +15.7% | 39,237€ | 14.3% | 11 | 1,373€ |
| 50 | Vini Pu02858843 · Budva | 0.4% | 263,593€ | +18.6% | 2,963€ | 1.1% | 14 | 918€ |