Revenue
3.2% of sector revenue
126 companies earned 29.78m€ in 2025, 3.2% of Transport & logistics sector revenue. Revenue has grown 3.7× since 2015.
3.2% of sector revenue
55 with at most one employee
Largest employer: Belavista Trend Montenegro (40)
Not shown: one company carries more than half of the profit or loss
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
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 126
* 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 →
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
Totals include 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. 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 | 8,094,119€ | 66 |
| 2016 | 8,802,098€ | 65 |
| 2017 | 10,434,349€ | 68 |
| 2018 | 11,485,641€ | 76 |
| 2019 | 12,421,988€ | 81 |
| 2020 | 4,027,998€ | 83 |
| 2021 | 6,483,814€ | 87 |
| 2022 | 10,880,655€ | 91 |
| 2023 | 17,955,315€ | 104 |
| 2024 | 29,240,866€ | 114 |
| 2025 (Preliminary) | 29,776,115€ | 126 |
6.7% |
| 2,009,703€ |
| +0.9% |
| 222,305€ |
| 11.1% |
| 24 |
| 1,054€ |
| 3 | Belavista Trend Montenegro02658321 · Herceg Novi | 5.0% | 1,497,501€ | +47.2% | 245,686€ | 16.4% | 40 | 911€ |
| 4 | Adriatic Travel02771217 · Podgorica | 3.3% | 995,196€ | +2.1% | 223,381€ | 22.4% | 11 | 1,225€ |
| 5 | Jadran Ekspres02873192 · Kotor | 3.1% | 911,734€ | -15.0% | -51,831€ | -5.7% | 19 | 1,258€ |
| 6 | Old Town Travel03020452 · Kotor | 3.0% | 897,883€ | +10.0% | 8,073€ | 0.9% | 21 | 1,120€ |
| 7 | Montenegro Cruising02447525 · Budva | 3.0% | 897,257€ | -1.7% | 118,092€ | 13.2% | 8 | 4,295€ |
| 8 | Gardašević02398052 · Nikšić | 3.0% | 889,373€ | +8.1% | 44,659€ | 5.0% | 18 | 585€ |
| 9 | MDL Mne03208354 · Herceg Novi | 2.8% | 822,720€ | -12.5% | 65,221€ | 7.9% | 15 | 1,416€ |
| 10 | Glušica02193191 · Nikšić | 2.8% | 821,701€ | +4.3% | 114,169€ | 13.9% | 18 | 798€ |
| 11 | Nikšić-Prevoz02184338 · Nikšić | 2.2% | 665,404€ | +6.0% | 84,251€ | 12.7% | 14 | 838€ |
| 12 | Glunex02062593 · Nikšić | 1.9% | 567,573€ | +19.8% | 128,330€ | 22.6% | 8 | 1,513€ |
| 13 | Express Tours02703408 · Podgorica | 1.5% | 449,225€ | +1.5% | 46,142€ | 10.3% | 5 | 1,898€ |
| 14 | Go Montenegro03042120 · Podgorica | 1.4% | 431,447€ | +18.7% | 15,118€ | 3.5% | 7 | 711€ |
| 15 | Premier M02799456 · Tivat | 1.2% | 362,801€ | -33.8% | 67,648€ | 18.6% | 5 | 1,203€ |
| 16 | Dalmamont Travel03226875 · Budva | 1.2% | 346,648€ | -2.5% | -60,440€ | -17.4% | 6 | 1,400€ |
| 17 | Elan-Company02638002 · Plav | 1.2% | 346,056€ | +11.0% | 8,403€ | 2.4% | 10 | 1,048€ |
| 18 | Zeković Prevoz03028569 · Nikšić | 1.1% | 328,010€ | +37.0% | 61,410€ | 18.7% | 5 | 1,891€ |
| 19 | VDN - 4 Decembar03208257 · Nikšić | 1.1% | 326,491€ | +1.3% | 29,031€ | 8.9% | 5 | 747€ |
| 20 | Ellit Express02759799 · Podgorica | 0.9% | 281,807€ | +4.3% | 20,156€ | 7.2% | 7 | 674€ |
| 21 | Transmont03406296 · Tivat | 0.9% | 270,933€ | +88.6% | 5,820€ | 2.1% | 8 | 681€ |
| 22 | Kotor Travel02975017 · Kotor | 0.7% | 206,419€ | +30.4% | 48,688€ | 23.6% | 5 | 810€ |
| 23 | Globus Travel Tours03227294 · Tivat | 0.6% | 187,704€ | +61.3% | 16,752€ | 8.9% | 3 | 915€ |
| 24 | Lazaro02217848 · Kotor | 0.6% | 176,985€ | -1.1% | -65,523€ | -37.0% | 6 | 1,055€ |
| 25 | R-Line Company03035832 · Herceg Novi | 0.6% | 176,753€ | +17.9% | 896€ | 0.5% | 4 | 808€ |
| 26 | Mediteran Travel03032329 · Budva | 0.6% | 176,229€ | +33.5% | 21,236€ | 12.1% | 5 | 1,525€ |
| 27 | Lalatović Turist03208303 · Nikšić | 0.6% | 169,022€ | +18.0% | 25,316€ | 15.0% | 4 | 987€ |
| 28 | Strada03145077 · Podgorica | 0.5% | 160,008€ | +15.3% | 12,903€ | 8.1% | 1 | 1,735€ |
| 29 | Sakura Group03299104 · Herceg Novi | 0.5% | 159,564€ | -29.4% | -35,807€ | -22.4% | 4 | 2,043€ |
| 30 | Kavex02323532 · Cetinje | 0.5% | 154,456€ | -24.4% | 3,271€ | 2.1% | 3 | 973€ |
| 31 | Veljić Montenegro02456443 · Berane | 0.5% | 146,878€ | -17.2% | -18,377€ | -12.5% | 4 | 1,203€ |
| 32 | Markoturs02406233 · Pljevlja | 0.5% | 144,885€ | -17.2% | 25,573€ | 17.7% | 1 | 1,267€ |
| 33 | Transfer Company03018750 · Podgorica | 0.5% | 142,965€ | +57.2% | 24,483€ | 17.1% | 4 | 935€ |
| 34 | Kratos02874105 · Budva | 0.5% | 140,956€ | +1.1% | 29,337€ | 20.8% | 4 | 732€ |
| 35 | Travego Herceg Novi03352498 · Herceg Novi | 0.5% | 139,720€ | +55.9% | 33,634€ | 24.1% | 2 | 480€ |
| 36 | Cicmil Prevoz02411296 · Plužine | 0.4% | 130,966€ | +37.4% | 50,027€ | 38.2% | 2 | 1,056€ |
| 37 | In - Turist02407671 · Pljevlja | 0.4% | 128,166€ | +35.2% | 18,088€ | 14.1% | 2 | 1,755€ |
| 38 | Euro Line Travel02867931 · Herceg Novi | 0.4% | 114,745€ | -3.6% | 9,406€ | 8.2% | 3 | 944€ |
| 39 | Monte-Connect03182169 · Kotor | 0.4% | 105,056€ | +70.2% | 26,880€ | 25.6% | 3 | 944€ |
| 40 | Wedrive Montenegro03536076 · Podgorica | 0.3% | 100,563€ | +85.0% | 27,514€ | 27.4% | 3 | 624€ |
| 41 | VTV Limo & Van Service03038483 · Kotor | 0.3% | 100,018€ | +2.3% | 18,454€ | 18.5% | 3 | 413€ |
| 42 | Elbo-Herceg Novi02880245 · Herceg Novi | 0.3% | 98,306€ | +29.4% | 58,243€ | 59.2% | 1 | 603€ |
| 43 | Rosić02709589 · Mojkovac | 0.3% | 96,834€ | +12.6% | 3,262€ | 3.4% | 4 | 826€ |
| 44 | Montenegrotouroperator - Mto Agency03062643 · Podgorica | 0.3% | 91,450€ | +36.2% | -4,050€ | -4.4% | 10 | — |
| 45 | Trik Travel02999820 · Cetinje | 0.3% | 90,578€ | -6.6% | 32,015€ | 35.3% | 2 | 504€ |
| 46 | Vila Travel03706575 · Nikšić | 0.3% | 88,524€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,614€ | 28.9% | 1 | 2,175€ |
| 47 | Granat Limo-Lux03533719 · Podgorica | 0.3% | 88,252€ | +148.0% | 16,909€ | 19.2% | 1 | 989€ |
| 48 | Drive Montenegro03615839 · Podgorica | 0.3% | 76,191€ | +110.9% | -2,413€ | -3.2% | 6 | — |
| 49 | Mil-Kop Travel03576043 · Nikšić | 0.3% | 75,250€ | +72.5% | 307€ | 0.4% | 2 | 834€ |
| 50 | Rio Travel03531287 · Nikšić | 0.2% | 71,729€ | -63.8% | -9,607€ | -13.4% | 2 | 1,272€ |