Companies in Tivat ranked by average monthly payroll cost per employee 2025. This 2025 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12024: rank 1 | Noblewood Market Trade · Tivat | 03514889Income statement (PDF) | 8,281€ | +21.8% | 5,612,784€ | 40 |
| 22024: rank 10 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 6,750€ | +152.2% | 1,465,352€ | 20 |
| 32024: rank 2 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 5,223€ | -12.2% | 90,337,909€ | 116 |
| 42024: rank 4 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,830€ | -11.6% | 30,006,788€ | 38 |
| 52024: rank 8 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | 3,338€ | +18.7% | 1,517,004€ | 10 |
| 62024: rank 5 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 3,301€ | -6.7% | 60,441,173€ | 212 |
| 72024: rank 6 | Ohm Mamula Montenegro Hospitality · Tivat | 03095924Income statement (PDF) | 2,860€ | -6.1% | 2,484,251€ | 62 |
| 82024: rank 17 | Fakultet za Mediteranske Poslovne Studije, Tivat Education · Tivat | 02742128Income statement (PDF) | 2,785€ | +22.6% | 537,707€ | 11 |
| 9Not in the top 200 in 2024. | Monte C Hospitality · Tivat | 03495990Income statement (PDF) | 2,703€ | -31.0% | 176,062€ | 22 |
| 102024: rank 9 | LB Town Management Administrative services · Tivat | 03327299Income statement (PDF) | 2,702€ | +0.5% | 9,231,015€ | 123 |
| 112024: rank 11 | Knightsbridge Schools Montenegro Education · Tivat | 02799316Income statement (PDF) | 2,615€ | +3.4% | 3,592,954€ | 58 |
| 122024: rank 18 | Navar Incorporated Manufacturing · Tivat | 02346303Income statement (PDF) | 2,610€ | +16.4% | 4,724,508€ | 37 |
| 132024: rank 12 | Lalizas Montenegro Trade · Tivat | 03174573Income statement (PDF) | 2,498€ | -0.5% | 1,209,329€ | 11 |
| 142024: rank 13 | Montenegro Concierge DMC Administrative services · Tivat | 03340449Income statement (PDF) | 2,448€ | +0.7% | 917,566€ | 12 |
| 152024: rank 23 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,428€ | +16.5% | 5,967,887€ | 57 |
| 16Not in the top 200 in 2024. | Jamie's Italian Mne Hospitality · Tivat | 03704335Income statement (PDF) | 2,411€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 511,638€ | 13 |
| 172024: rank 20 | LB Marina One Operations Energy, water & waste · Tivat | 03218155Income statement (PDF) | 2,283€ | +2.4% | 715,588€ | 12 |
| 182024: rank 74 | Optimist Hospitality · Tivat | 02815796Income statement (PDF) | 2,233€ | +124.0% | 2,137,097€ | 19 |
| 192024: rank 21 | Vodacom Professional services · Tivat | 02426331Income statement (PDF) | 2,194€ | -0.5% | 417,030€ | 12 |
| 202024: rank 28 | LB Leisure Facilities Management Hospitality · Tivat | 03626121Income statement (PDF) | 2,168€ | +20.2% | 563,629€ | 20 |
| 212024: rank 7 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 2,123€ | -29.1% | 2,030,704€ | 13 |
| 222024: rank 16 | Berba Trade · Tivat | 02811227Income statement (PDF) | 2,052€ | -10.6% | 3,895,779€ | 17 |
| 232024: rank 27 | Fashion Porto Trade · Tivat | 02654105Income statement (PDF) | 1,969€ | +7.2% | 4,531,856€ | 24 |
| 242024: rank 14 | PM Hotels Administrative services · Tivat | 02790220Income statement (PDF) | 1,968€ | -18.6% | 11,321,219€ | 186 |
| 252024: rank 26 | LB Security and Emergency Response Services Administrative services · Tivat | 03416089Income statement (PDF) | 1,936€ | +3.2% | 1,687,106€ | 41 |
| 262024: rank 34 | LB Transportation Services Transport & logistics · Tivat | 03543331Income statement (PDF) | 1,882€ | +20.9% | 914,006€ | 18 |
| 272024: rank 19 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,832€ | -18.3% | 9,192,466€ | 195 |
| 282024: rank 110 | PM 4.1 Construction · Tivat | 03269981Income statement (PDF) | 1,817€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 84,638,358€ | 123 |
| 292024: rank 22 | Aaa -1 Rent Administrative services · Tivat | 02720817Income statement (PDF) | 1,810€ | -16.7% | 4,343,405€ | 22 |
| 302024: rank 83 | Adriatic Catering Hospitality · Tivat | 02971917Income statement (PDF) | 1,794€ | +107.6% | 9,038,959€ | 123 |
| 312024: rank 66 | Montenegro Destinations Administrative services · Tivat | 02919095Income statement (PDF) | 1,746€ | +60.5% | 3,627,485€ | 16 |
| 322024: rank 67 | Divino Group Hospitality · Tivat | 03386503Income statement (PDF) | 1,742€ | +61.6% | 710,880€ | 14 |
| 332024: rank 33 | Grano Hospitality · Tivat | 03595919Income statement (PDF) | 1,705€ | +5.9% | 873,437€ | 23 |
| 342024: rank 30 | Za Odvođenje i Prečišćavanje Otpadnih Voda za Opštine Kotor i Energy, water & waste · Tivat | 03211398Income statement (PDF) | 1,704€ | +2.3% | 818,948€ | 12 |
| 35Not in the top 200 in 2024. | Pasta Fresca Mne Hospitality · Tivat | 03434338Income statement (PDF) | 1,690€ | +129.0% | 2,641,881€ | 43 |
| 362024: rank 49 | Zen Management Hospitality · Tivat | 03233049Income statement (PDF) | 1,690€ | +25.6% | 1,234,619€ | 14 |
| 372024: rank 40 | Bread Manufacturing · Tivat | 03151409Income statement (PDF) | 1,680€ | +14.2% | 1,773,290€ | 25 |
| 382024: rank 77 | Art-S-Design Construction · Tivat | 03129314Income statement (PDF) | 1,679€ | +76.0% | 3,519,994€ | 36 |
| 392024: rank 25 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,678€ | -12.7% | 606,856€ | 18 |
| 402024: rank 59 | Samcommerce Plus Transport & logistics · Tivat | 02982234Income statement (PDF) | 1,656€ | +38.9% | 1,019,710€ | 19 |
| 412024: rank 75 | VDX Construction · Tivat | 03215067Income statement (PDF) | 1,651€ | +68.5% | 527,107€ | 10 |
| 422024: rank 32 | Vodovod i Kanalizacija Energy, water & waste · Tivat | 02295407Income statement (PDF) | 1,628€ | -0.9% | 3,701,379€ | 61 |
| 432024: rank 79 | Tormenta Hospitality · Tivat | 02972727Income statement (PDF) | 1,589€ | +75.4% | 696,051€ | 11 |
| 442024: rank 86 | Das Boka Group Construction · Tivat | 02923181Income statement (PDF) | 1,577€ | +90.9% | 1,377,049€ | 21 |
| 452024: rank 37 | D Photo Trade Trade · Tivat | 02389231Income statement (PDF) | 1,574€ | +5.6% | 1,411,922€ | 10 |
| 462024: rank 31 | Los Gueros Hospitality · Tivat | 03400107Income statement (PDF) | 1,547€ | -6.6% | 1,385,974€ | 16 |
| 472024: rank 50 | MK Green Factory Trade · Tivat | 02986647Income statement (PDF) | 1,542€ | +15.4% | 1,183,640€ | 13 |
| 48Not in the top 200 in 2024. | Granoff Trade · Tivat | 03247449Income statement (PDF) | 1,539€ | +135.3% | 129,209€ | 14 |
| 492024: rank 39 | Mala Barka Hospitality · Tivat | 02900475Income statement (PDF) | 1,527€ | +3.5% | 632,860€ | 14 |
| 502024: rank 24 | Montefish Trade · Tivat | 02327058Income statement (PDF) | 1,525€ | -21.1% | 7,805,735€ | 40 |
Showing 1–50 · top 50 of 120 companies
* 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 →
This ranking contains 50 records for 2025, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is D.O.O. "NOBLEWOOD MARKET" TIVAT; placement is determined by average monthly payroll cost per employee, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology