Revenue
2.6% of Montenegro's revenue
1,100 companies earned 458.85m€ in 2025, 2.6% of all company revenue in Montenegro. It ranks 9 of 18 sectors by revenue. Revenue has grown 2.8× since 2015.
2.6% of Montenegro's revenue
698 with at most one employee
Largest employer: JP RT Crne Gore - Podgorica (743)
Total profit: 55.95m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 161,664,788€ | 355 |
| 2016 | 187,411,974€ | 387 |
| 2017 | 156,909,552€ | 420 |
| 2018 | 201,110,217€ | 483 |
| 2019 | 213,739,435€ | 524 |
| 2020 | 189,430,367€ | 576 |
| 2021 | 264,330,805€ | 619 |
| 2022 | 304,663,433€ | 784 |
| 2023 | 358,532,955€ | 935 |
| 2024 | 418,593,407€ | 1,021 |
| 2025 (Preliminary) | 458,854,259€ | 1,100 |
The number of companies jumped most in 2022: from 619 to 784.
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 1,100
* 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 17 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 | Mediteranski Sportski Centar02241358 · Budva | 0.2% | 920,119€ | +15.9% | 95,322€ | 10.4% | 56 | 1,122€ |
| 52 | Sportski Centar Igalo02252929 · Herceg Novi | 0.2% | 909,406€ | -2.1% | 5,000€ | 0.5% | 38 | 1,234€ |
| 53 | Javni Radio Difuzni Servis Radio Televizija Herceg Novi02033429 · Herceg Novi | 0.2% | 907,313€ | +26.4% | 83,194€ | 9.2% | 43 | 1,358€ |
| 54 | Takt Produkcija03070115 · Podgorica | 0.2% | 888,400€ | -8.3% | 88,669€ | 10.0% | 8 | 2,324€ |
| 55 | Pinta02867362 · Podgorica | 0.2% | 867,810€ | -6.5% | 100,222€ | 11.5% | 17 | 986€ |
| 56 | Brca02926253 · Podgorica | 0.2% | 852,808€ | -13.0% | 4,465€ | 0.5% | 8 | 1,955€ |
| 57 | Imperio Service03107736 · Herceg Novi | 0.2% | 852,202€ | +29.3% | 314,736€ | 36.9% | 22 | 1,401€ |
| 58 | Bba-Agregati02305828 · Podgorica | 0.2% | 832,075€ | +61.9% | 265,794€ | 31.9% | 2 | 8,355€ |
| 59 | Sportsko- Rekreativni Centar02041715 · Bar | 0.2% | 811,063€ | +3.1% | -440€ | -0.1% | 37 | 1,110€ |
| 60 | Bonus02890950 · Nikšić | 0.2% | 794,807€ | -38.0% | 4,197€ | 0.5% | 18 | 930€ |
| 61 | Vojislav Bulatović Strunjo02003864 · Bijelo Polje | 0.2% | 791,953€ | +11.2% | -8,248€ | -1.0% | 35 | 1,137€ |
| 62 | Sportsko Rekreativni Centar Budva02413388 · Budva | 0.2% | 716,395€ | +0.0% | 40,608€ | 5.7% | 36 | 1,172€ |
| 63 | Mir &Teuta02385350 · Ulcinj | 0.2% | 714,541€ | +2.9% | 108,142€ | 15.1% | 14 | 1,072€ |
| 64 | Sportski Centar Cetinje02411741 · Cetinje | 0.2% | 688,401€ | +10.6% | 5,725€ | 0.8% | 35 | 1,017€ |
| 65 | Turističko Preduzeće Lipska Pećina02908077 · Cetinje | 0.1% | 658,188€ | +3.7% | 136,009€ | 20.7% | 10 | 1,613€ |
| 66 | Ski Resort - Kolašin 145002688778 · Kolašin | 0.1% | 657,312€ | +76.8% | -864,647€ | -131.5% | 21 | 2,825€ |
| 67 | Obodsko Slovo02078244 · Podgorica | 0.1% | 633,778€ | +1.3% | 81,996€ | 12.9% | 12 | 1,092€ |
| 68 | Antena M02373211 · Podgorica | 0.1% | 615,673€ | +24.1% | -47,932€ | -7.8% | 22 | 1,238€ |
| 69 | Star03655628 · Podgorica | 0.1% | 602,597€ | +79.4% | 8,085€ | 1.3% | 1 | 786€ |
| 70 | Sunrise Invest03176371 · Podgorica | 0.1% | 572,767€ | +65.4% | 2,969€ | 0.5% | 5 | 1,432€ |
| 71 | Sportski Centar02167816 · Berane | 0.1% | 572,373€ | +8.6% | -8,330€ | -1.5% | 48 | 837€ |
| 72 | PG Sound03039528 · Podgorica | 0.1% | 523,753€ | -17.3% | 21,135€ | 4.0% | 11 | 1,752€ |
| 73 | Agencija za Upravljanje Zaštićenim Područjima Glavnog Grada03106861 · Podgorica | 0.1% | 510,061€ | +34.7% | -7,460€ | -1.5% | 15 | 2,095€ |
| 74 | Prometej Fitness03569373 · Podgorica | 0.1% | 507,885€ | +24.4% | 98,666€ | 19.4% | 7 | 622€ |
| 75 | Salon Prive03364682 · Tivat | 0.1% | 506,930€ | -53.3% | -316,204€ | -62.4% | 42 | 769€ |
| 76 | City Groove03301052 · Podgorica | 0.1% | 497,294€ | -11.5% | 14,549€ | 2.9% | 2 | 1,394€ |
| 77 | Arbun Commerce02110016 · Budva | 0.1% | 491,696€ | -12.7% | 13,320€ | 2.7% | 13 | 882€ |
| 78 | Polimski Muzej02034921 · Berane | 0.1% | 479,368€ | +19.7% | 31,182€ | 6.5% | 24 | 1,266€ |
| 79 | Uživaj u Prirodi02976455 · Kolašin | 0.1% | 478,239€ | +9.6% | -37,338€ | -7.8% | 12 | 1,513€ |
| 80 | Trentatre03457591 · Budva | 0.1% | 470,000€ | +181.5% | 333,534€ | 71.0% | 1 | 3,351€ |
| 81 | Radio Televizija Rožaje02288699 · Rožaje | <0.1% | 454,108€ | +79.6% | 129,051€ | 28.4% | 26 | 947€ |
| 82 | Gradski Muzej Mirko Komnenović i Galerija Josip Bepo Benković02007797 · Herceg Novi | <0.1% | 452,601€ | +11.1% | 12,796€ | 2.8% | 24 | 1,286€ |
| 83 | Radio Bar02002523 · Bar | <0.1% | 435,676€ | +5.0% | 18,151€ | 4.2% | 22 | 1,380€ |
| 84 | M S E03249468 · Podgorica | <0.1% | 430,517€ | -2.7% | 17,208€ | 4.0% | 3 | 1,960€ |
| 85 | Media Biro02887886 · Podgorica | <0.1% | 403,895€ | +7.0% | 42,102€ | 10.4% | 6 | 3,694€ |
| 86 | Lazy Mountain Media03210987 · Podgorica | <0.1% | 376,689€ | +75.8% | 51,894€ | 13.8% | 9 | 2,327€ |
| 87 | Live Production03024032 · Podgorica | <0.1% | 374,266€ | -8.3% | 35,636€ | 9.5% | 1 | 12,154€ |
| 88 | Muse Marketing and Entertainment03324206 · Tivat | <0.1% | 372,961€ | -78.7% | 7,078€ | 1.9% | 1 | 9,964€ |
| 89 | Javna Ustanova Muzej i Galerija Tivat03179290 · Tivat | <0.1% | 358,851€ | +16.9% | 22,899€ | 6.4% | 10 | 1,868€ |
| 90 | Centar za Monitoring i Istraživanje02309483 · Podgorica | <0.1% | 358,368€ | +4.7% | 0€ | 0.0% | 5 | 4,548€ |
| 91 | Oki Air Broadcasting03078752 · Podgorica | <0.1% | 356,699€ | +16.5% | 21,265€ | 6.0% | 7 | 2,060€ |
| 92 | Crossmedia Agency02830248 · Podgorica | <0.1% | 353,587€ | +14.5% | 30,763€ | 8.7% | 3 | 1,937€ |
| 93 | Stay Play03306704 · Herceg Novi | <0.1% | 353,435€ | +64.3% | 45,212€ | 12.8% | 10 | 731€ |
| 94 | Sportski Centar02640457 · Rožaje | <0.1% | 349,794€ | +49.9% | 68,671€ | 19.6% | 28 | 732€ |
| 95 | Park Prirode Piva03072509 · Plužine | <0.1% | 343,809€ | +20.3% | 48,294€ | 14.0% | 9 | 1,864€ |
| 96 | Capital Fitness03106403 · Podgorica | <0.1% | 340,407€ | -14.7% | -60,077€ | -17.6% | 8 | 1,486€ |
| 97 | MG Limitless03375447 · Budva | <0.1% | 334,955€ | +146.7% | 114,650€ | 34.2% | 6 | 787€ |
| 98 | Best Sports Management03375552 · Podgorica | <0.1% | 334,648€ | +79.9% | -31,585€ | -9.4% | 1 | 929€ |
| 99 | Maljević Co03239411 · Bar | <0.1% | 332,347€ | -6.4% | 562€ | 0.2% | 10 | 419€ |
| 100 | Malesija02433443 · Tuzi | <0.1% | 332,343€ | -1.6% | 35,768€ | 10.8% | 19 | 1,063€ |