Revenue
16.2% of sector revenue
285 companies earned 74.27m€ in 2025, 16.2% of Arts & entertainment sector revenue. Revenue has grown 4.3× since 2015.
16.2% of sector revenue
188 with at most one employee
Largest employer: Adriatic Marinas (212)
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 285
* 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 8 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 | 17,256,310€ | 56 |
| 2016 | 24,925,907€ | 72 |
| 2017 | 35,541,015€ | 74 |
| 2018 | 35,270,280€ | 85 |
| 2019 | 38,299,890€ | 102 |
| 2020 | 27,781,476€ | 120 |
| 2021 | 41,682,873€ | 129 |
| 2022 | 47,553,230€ | 179 |
| 2023 | 46,364,973€ | 236 |
| 2024 | 56,335,841€ | 263 |
| 2025 (Preliminary) | 74,266,569€ | 285 |
The number of companies jumped most in 2023: from 179 to 236.
2.7% |
| 2,031,515€ |
| +12.6% |
| 12,395€ |
| 0.6% |
| 43 |
| 1,664€ |
| 3 | A.C.E. Adventure02712792 · Tivat | 1.7% | 1,240,020€ | -2.1% | -61,667€ | -5.0% | 6 | 2,035€ |
| 4 | Imperio Service03107736 · Herceg Novi | 1.1% | 852,202€ | +29.3% | 314,736€ | 36.9% | 22 | 1,401€ |
| 5 | Sunrise Invest03176371 · Podgorica | 0.8% | 572,767€ | +65.4% | 2,969€ | 0.5% | 5 | 1,432€ |
| 6 | M S E03249468 · Podgorica | 0.6% | 430,517€ | -2.7% | 17,208€ | 4.0% | 3 | 1,960€ |
| 7 | Stay Play03306704 · Herceg Novi | 0.5% | 353,435€ | +64.3% | 45,212€ | 12.8% | 10 | 731€ |
| 8 | Vojas International03559513 · Kotor | 0.4% | 329,848€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -213,532€ | -64.7% | 9 | 2,270€ |
| 9 | Omc Company02300141 · Bar | 0.4% | 309,881€ | -13.3% | 5,399€ | 1.7% | 4 | 655€ |
| 10 | Stage02902257 · Podgorica | 0.4% | 302,020€ | +37.2% | 22,085€ | 7.3% | 1 | 3,350€ |
| 11 | Teatro Mne03287475 · Budva | 0.4% | 294,506€ | -8.6% | -26,020€ | -8.8% | 14 | 643€ |
| 12 | Faktorijel03515524 · Podgorica | 0.3% | 248,005€ | +8.3% | 23,411€ | 9.4% | 10 | 755€ |
| 13 | Limitless Nbo03294196 · Podgorica | 0.3% | 247,061€ | +56.3% | 229€ | 0.1% | 21 | 618€ |
| 14 | MZRBQ Capital03538494 · Podgorica | 0.3% | 235,003€ | +114.7% | 68,983€ | 29.4% | 1 | 678€ |
| 15 | Mikulia03002187 · Bar | 0.3% | 231,792€ | +356,503.1% | 10,370€ | 4.5% | 1 | — |
| 16 | Trida-Me03077900 · Budva | 0.3% | 212,874€ | -16.7% | -9,238€ | -4.3% | 1 | 404€ |
| 17 | Četvorka 44403608310 · Budva | 0.3% | 192,319€ | +49.3% | -10,891€ | -5.7% | 8 | 496€ |
| 18 | Almara02967022 · Podgorica | 0.2% | 160,000€ | -20.0% | 104,568€ | 65.4% | 1 | — |
| 19 | Santa Fe02375788 · Podgorica | 0.2% | 153,555€ | +78.6% | -20,031€ | -13.0% | 6 | 477€ |
| 20 | Morska Obala02275716 · Budva | 0.2% | 152,821€ | -44.4% | -39,165€ | -25.6% | 4 | 637€ |
| 21 | Durmitor Adventure03217892 · Žabljak | 0.2% | 143,521€ | -28.1% | -23,540€ | -16.4% | 3 | 1,267€ |
| 22 | Montenegro Event Agency02787962 · Podgorica | 0.2% | 143,394€ | -22.0% | -8,014€ | -5.6% | 1 | 9,752€ |
| 23 | Waterfall03057747 · Plužine | 0.2% | 141,532€ | +1.5% | 6,511€ | 4.6% | 2 | 1,753€ |
| 24 | Clue03277500 · Podgorica | 0.2% | 136,066€ | +1.9% | 350€ | 0.3% | 6 | 894€ |
| 25 | CHS-Online03476057 · Bar | 0.2% | 129,833€ | +156.3% | 15,552€ | 12.0% | 6 | 1,037€ |
| 26 | Despotović Group03252167 · Podgorica | 0.2% | 117,451€ | -57.2% | 99,767€ | 84.9% | 1 | 340€ |
| 27 | Sun&Love03255590 · Podgorica | 0.2% | 114,170€ | +160.5% | 16,902€ | 14.8% | 1 | 1,241€ |
| 28 | Urban Kids03419177 · Podgorica | 0.1% | 108,607€ | +142.1% | 2,719€ | 2.5% | 3 | 1,636€ |
| 29 | Most Adventures03068137 · Pljevlja | 0.1% | 107,969€ | +355.8% | 48,244€ | 44.7% | 3 | 897€ |
| 30 | Monte Lord03373703 · Podgorica | 0.1% | 96,802€ | +41.5% | 7,644€ | 7.9% | 4 | 981€ |
| 31 | Gold Winner03389600 · Nikšić | 0.1% | 94,653€ | +4.8% | 534€ | 0.6% | 5 | 501€ |
| 32 | Red Rock02938219 · Žabljak | 0.1% | 90,678€ | -23.1% | -10,265€ | -11.3% | 1 | 786€ |
| 33 | Gajo Gorostas03681599 · Nikšić | 0.1% | 87,762€ | +612.0% | -10,447€ | -11.9% | 6 | 664€ |
| 34 | Go Kart03287084 · Herceg Novi | 0.1% | 87,363€ | +27.7% | 6,277€ | 7.2% | 2 | 1,120€ |
| 35 | Kids Group03618048 · Tivat | 0.1% | 83,619€ | +22.0% | 2,057€ | 2.5% | 5 | 777€ |
| 36 | Jet Ski Montenegro03309916 · Podgorica | 0.1% | 74,967€ | +62.1% | -7,009€ | -9.3% | 3 | 452€ |
| 37 | Zara Igraonica03632121 · Podgorica | 0.1% | 74,593€ | +55.0% | -12,006€ | -16.1% | 5 | 782€ |
| 38 | Dreamland PN03517314 · Bijelo Polje | <0.1% | 58,781€ | -3.6% | 826€ | 1.4% | 4 | 694€ |
| 39 | Adriaticland03481727 · Budva | <0.1% | 57,708€ | -21.3% | -37,873€ | -65.6% | 4 | 833€ |
| 40 | Solymar03089444 · Bar | <0.1% | 56,498€ | +0.0% | -15,840€ | -28.0% | 3 | 589€ |
| 41 | Unicorn World03716635 · Kotor | <0.1% | 53,825€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,357€ | -4.4% | 1 | 3,228€ |
| 42 | Petit Garcon03233456 · Podgorica | <0.1% | 51,568€ | +13.2% | -2,169€ | -4.2% | 1 | 2,592€ |
| 43 | Ogorod03475123 · Tivat | <0.1% | 48,358€ | +9.9% | -50,600€ | -104.6% | 8 | 939€ |
| 44 | Macavara Company03503089 · Bar | <0.1% | 46,975€ | +38.6% | -9,612€ | -20.5% | 2 | 1,706€ |
| 45 | Cosmos Montenegro03374904 · Budva | <0.1% | 46,350€ | +11.0% | -64,104€ | -138.3% | 3 | 1,652€ |
| 46 | Magic Place03743942 · Bar | <0.1% | 46,261€ | No filing for 2024. | -4,542€ | -9.8% | 3 | 542€ |
| 47 | Infinity Centar03555887 · Bar | <0.1% | 45,165€ | +6.8% | -1,582€ | -3.5% | 2 | 517€ |
| 48 | Budva Plus Mne03141616 · Budva | <0.1% | 44,891€ | +112.2% | -3,811€ | -8.5% | 4 | 652€ |
| 49 | Gecko Corp03492320 · Tivat | <0.1% | 44,798€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,113€ | 36.0% | 2 | 1,134€ |
| 50 | Igraj.Me03710203 · Podgorica | <0.1% | 42,467€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,250€ | 31.2% | 3 | — |