77 companies earned 3.68m€ in 2025, 0.8% of Arts & entertainment sector revenue. Revenue has grown 2.7× since 2015.
0.8% of sector revenue
62 with at most one employee
Largest employer: Grad-Teatar (31)
Median company -22.9% · 22% profitable
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 77
* 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 7 sole proprietors: 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 | 1,366,091€ | 11 |
| 2016 | 2,069,765€ | 12 |
| 2017 | 2,827,951€ | 12 |
| 2018 | 2,122,123€ | 15 |
| 2019 | 2,314,778€ | 16 |
| 2020 | 1,338,556€ | 21 |
| 2021 | 1,021,284€ | 23 |
| 2022 | 1,260,303€ | 41 |
| 2023 | 2,761,980€ | 59 |
| 2024 | 3,398,461€ | 70 |
| 2025 (Preliminary) | 3,678,078€ | 77 |
The number of companies jumped most in 2022: from 23 to 41.
40.9% |
| 1,503,240€ |
| +14.1% |
| 107,594€ |
| 7.2% |
| 31 |
| 1,368€ |
| 3 | Balkan Art03487652 · Budva | 3.8% | 139,698€ | +106.1% | 9,277€ | 6.6% | 5 | 743€ |
| 4 | Puzzle02719355 · Podgorica | 2.3% | 85,003€ | -8.2% | 170€ | 0.2% | 3 | 1,144€ |
| 5 | Marinart INC.03299902 · Tivat | 1.3% | 48,512€ | -21.7% | -11,074€ | -22.8% | 3 | 508€ |
| 6 | Evdokimov Gallery03583678 · Herceg Novi | 1.1% | 39,414€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,626€ | 37.1% | 1 | 911€ |
| 7 | Lumen Production03632890 · Podgorica | 0.7% | 25,579€ | -13.7% | 3,275€ | 12.8% | 1 | 891€ |
| 8 | Ž-Space03405362 · Podgorica | 0.6% | 23,117€ | -10.4% | 1,145€ | 5.0% | 1 | 791€ |
| 9 | Manitou03388484 · Nikšić | 0.6% | 23,094€ | +62.9% | 5,611€ | 24.3% | 1 | 1,383€ |
| 10 | Lu - Pa Co02989646 · Danilovgrad | 0.6% | 20,954€ | +45.0% | 1,220€ | 5.8% | 1 | 678€ |
| 11 | Oz Inovativna Produkcija03696464 · Podgorica | 0.5% | 19,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,350€ | 6.8% | 1 | 1,422€ |
| 12 | Divan Dom03691454 · Podgorica | 0.5% | 19,359€ | +930.8% | 4,933€ | 25.5% | 1 | — |
| 13 | Art Corner03496236 · Podgorica | 0.4% | 14,861€ | -22.2% | 997€ | 6.7% | 1 | 927€ |
| 14 | Iceder03569144 · Podgorica | 0.4% | 14,813€ | -16.0% | 1,773€ | 12.0% | 1 | 931€ |
| 15 | In Art03051927 · Herceg Novi | 0.4% | 12,930€ | +311.5% | -6,130€ | -47.4% | 2 | 734€ |
| 16 | Kokorin Art03486079 · Tivat | 0.4% | 12,885€ | -25.0% | -3,117€ | -24.2% | 1 | 926€ |
| 17 | Kurbatov Music03427099 · Podgorica | 0.2% | 8,480€ | +131.1% | 349€ | 4.1% | 1 | 675€ |
| 18 | Buksha03445895 · Herceg Novi | 0.2% | 7,735€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -495€ | -6.4% | 1 | 675€ |
| 19 | Art-Kovači03380564 · Bar | 0.2% | 7,178€ | -81.5% | -13,193€ | -183.8% | 2 | 656€ |
| 20 | Drevnomondo03627098 · Herceg Novi | 0.2% | 6,894€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,338€ | -19.4% | 2 | 323€ |
| 21 | Full Frame03633683 · Podgorica | 0.2% | 6,690€ | -72.1% | 659€ | 9.9% | 1 | 375€ |
| 22 | Frolik Studio03186610 · Kotor | 0.2% | 6,650€ | +10.8% | -1,520€ | -22.9% | 1 | 678€ |
| 23 | Katerina Art and Desing03545296 · Herceg Novi | 0.1% | 5,050€ | +113.1% | -5,094€ | -100.9% | 1 | 678€ |
| 24 | Azart03471551 · Bar | 0.1% | 4,890€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,213€ | -372.5% | 2 | 929€ |
| 25 | Crna Ink03229050 · Tivat | 0.1% | 4,840€ | +115.1% | -6,411€ | -132.5% | 1 | 926€ |
| 26 | Umetnička Radionica Baglaj03741923 · Budva | 0.1% | 4,140€ | No filing for 2024. | -460€ | -11.1% | 1 | 324€ |
| 27 | Aegean Artco03614344 · Podgorica | 0.1% | 4,100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,501€ | -207.3% | 1 | 677€ |
| 28 | YM Art03556573 · Podgorica | <0.1% | 2,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,550€ | -327.5% | 1 | 676€ |
| 29 | Germy Bast03556662 · Herceg Novi | <0.1% | 1,620€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,544€ | -404.0% | 1 | 675€ |
| 30 | Darkrabbit03550419 · Kotor | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,059€ | -403.9% | 1 | 621€ |
| 31 | Peace.Duk03505022 · Budva | <0.1% | 1,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,915€ | -608.8% | 1 | 670€ |
| 32 | Monte Pebble03733971 · Budva | <0.1% | 1,120€ | No filing for 2024. | -5,644€ | -503.9% | 1 | 477€ |
| 33 | Vertex Envision Studios03639339 · Podgorica | <0.1% | 999€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,254€ | -826.2% | 1 | 676€ |
| 34 | Paper Unicorn Production03435628 · Budva | <0.1% | 970€ | -61.4% | -30,398€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 791€ |
| 35 | Atelier Shevchenko03444848 · Podgorica | <0.1% | 960€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,283€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 922€ |
| 36 | Everything Is Art Gallery03327612 · Herceg Novi | <0.1% | 950€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,152€ | -752.8% | 1 | 675€ |
| 37 | Phenomenon Visual Arts03411761 · Tivat | <0.1% | 795€ | +60.6% | -13,241€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 463€ |
| 38 | Nerd03309347 · Herceg Novi | <0.1% | 772€ | -49.2% | -8,144€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 39 | Bellart03803252 · Budva | <0.1% | 542€ | No filing for 2024. | 279€ | 51.5% | 1 | — |
| 40 | Crnogorski Vez03756882 · Bijelo Polje | <0.1% | 500€ | No filing for 2024. | -9,050€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 377€ |
| 41 | JLS03273458 · Herceg Novi | <0.1% | 500€ | -86.6% | -4,023€ | -804.6% | 1 | — |
| 42 | Art24 MY Dream03730654 · Herceg Novi | <0.1% | 320€ | No filing for 2024. | 58€ | 18.1% | 1 | — |
| 43 | Fireprotection Montenegro03388166 · Budva | <0.1% | 315€ | -89.7% | -8,146€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 44 | Arteria03747301 · Budva | 0.0% | 0€ | No filing for 2024. | -4,279€ | — | 1 | 357€ |
| 45 | Art Studio 36003792994 · Podgorica | 0.0% | 0€ | No filing for 2024. | -660€ | — | 1 | — |
| 46 | Asena FLY03741753 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,425€ | — | 1 | 559€ |
| 47 | Bordo Art03554236 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,165€ | — | 1 | 678€ |
| 48 | Bydeesign03616142 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,850€ | — | 1 | 1,357€ |
| 49 | Danart03725472 · Budva | 0.0% | 0€ | No filing for 2024. | -11,650€ | — | 1 | 871€ |
| 50 | Dancefile.Eu03556204 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,238€ | — | 1 | 678€ |