Revenue
22.4% of sector revenue
20 companies earned 13.72m€ in 2025, 22.4% of Education sector revenue. Revenue has grown 15.3× since 2015.
22.4% of sector revenue
8 with at most one employee
Largest employer: Stefan Mitrov Ljubiša (143)
Median company 16.0% · 85% profitable
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1–20 of 20
* 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 →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 894,971€ | 5 |
| 2016 | 1,331,668€ | 5 |
| 2017 | 1,127,387€ | 5 |
| 2018 | 1,506,893€ | 6 |
| 2019 | 1,659,634€ | 12 |
| 2020 | 2,520,582€ | 12 |
| 2021 | 4,110,616€ | 15 |
| 2022 | 6,243,282€ | 15 |
| 2023 | 9,080,323€ | 15 |
| 2024 | 11,693,137€ | 18 |
| 2025 (Preliminary) | 13,720,515€ | 20 |
Employees and payroll cost per employee per month*
19.5% |
| 2,678,553€ |
| +6.6% |
| 78,487€ |
| 2.9% |
| 70 |
| 1,851€ |
| 3 | Qsi International School of Montenegro02750490 · Podgorica | 16.2% | 2,222,098€ | +0.5% | 206,193€ | 9.3% | 34 | 2,645€ |
| 4 | Stefan Mitrov Ljubiša02005646 · Budva | 14.9% | 2,046,249€ | +8.5% | -6,900€ | -0.3% | 143 | 1,104€ |
| 5 | The British Academy03685063 · Podgorica | 9.6% | 1,315,032€ | +323.1% | 56,574€ | 4.3% | 29 | 1,601€ |
| 6 | United Kids International Montenegro03195180 · Podgorica | 8.8% | 1,203,163€ | +12.8% | 201,489€ | 16.7% | 46 | 1,169€ |
| 7 | L' Ecole Francaise Europeenne De Podgorica03504255 · Podgorica | 4.2% | 570,876€ | +10.0% | -11,543€ | -2.0% | 17 | 2,227€ |
| 8 | Andre Navarra02135353 · Podgorica | 1.4% | 189,921€ | -16.3% | 159€ | 0.1% | 15 | 786€ |
| 9 | Princeza Ksenija02421348 · Bar | 1.2% | 164,326€ | +56.4% | 3,149€ | 1.9% | 3 | 2,428€ |
| 10 | International School and Kindergarten Maša03695204 · Podgorica | 1.1% | 155,610€ | +487.6% | 19,992€ | 12.8% | 12 | 812€ |
| 11 | Njegoš02004895 · Cetinje | 0.1% | 16,122€ | -27.4% | -330€ | -2.0% | 1 | 302€ |
| 12 | Mileva Lajović -Lalatović02001942 · Nikšić | <0.1% | 11,280€ | -29.8% | 6,675€ | 59.2% | 110 | — |
| 13 | Olga Golović02001969 · Nikšić | <0.1% | 10,674€ | +7.1% | 2,757€ | 25.8% | 0 | — |
| 14 | Braća Labudović02002205 · Nikšić | <0.1% | 9,816€ | +12.9% | 3,699€ | 37.7% | 0 | — |
| 15 | Luka Simonović02001977 · Nikšić | <0.1% | 9,733€ | +10.5% | 3,361€ | 34.5% | 0 | — |
| 16 | Ilija Kišić02008033 · Herceg Novi | <0.1% | 9,367€ | -54.2% | 8,013€ | 85.5% | 49 | — |
| 17 | Ratko Žarić02001900 · Nikšić | <0.1% | 6,587€ | -6.2% | 1,578€ | 24.0% | 0 | — |
| 18 | Jugoslavija02036215 · Bar | <0.1% | 5,740€ | No filing for 2024. | 1,730€ | 30.1% | 0 | — |
| 19 | Milija Nikčević02037980 · Nikšić | <0.1% | 5,729€ | +37.7% | 2,312€ | 40.4% | 0 | — |
| 20 | Kekec02002680 · Bar | <0.1% | 2,176€ | No filing for 2024. | 1,980€ | 91.0% | 1 | — |