Companies in Tivat ranked by average monthly payroll cost per employee 2023. This 2023 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Archived list for 2023, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 1No filing for 2022. | Noblewood Market Trade · Tivat | 03514889Income statement (PDF) | 5,496€ | No filing for 2022. | 2,786,866€ | 28 |
| 22022: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 4,489€ | +23.4% | 54,675,604€ | 93 |
| 32022: rank 2 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,808€ | +6.4% | 14,599,899€ | 21 |
| 42022: rank 6 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 2,998€ | +13.0% | 36,625,569€ | 274 |
| 52022: rank 9 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 2,738€ | +40.1% | 6,008,553€ | 82 |
| 62022: rank 4 | Fakultet za Mediteranske Poslovne Studije, Tivat Education · Tivat | 02742128Income statement (PDF) | 2,704€ | -1.8% | 435,658€ | 10 |
| 72022: rank 3 | Navar Incorporated Manufacturing · Tivat | 02346303Income statement (PDF) | 2,467€ | -14.6% | 4,590,891€ | 34 |
| 82022: rank 7 | Knightsbridge Schools Montenegro Education · Tivat | 02799316Income statement (PDF) | 2,327€ | +7.9% | 3,535,552€ | 49 |
| 92022: rank 5 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | — | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 627,667€ | 120 |
| 102022: rank 15 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,246€ | +42.2% | 4,035,998€ | 58 |
| 112022: rank 11 | Vodacom Professional services · Tivat | 02426331Income statement (PDF) | 2,190€ | +18.6% | 479,436€ | 12 |
| 122022: rank 51 | Mare Invest Hospitality · Tivat | 03293734Income statement (PDF) | 2,161€ | +165.8% | 1,152,192€ | 15 |
| 132022: rank 10 | Lalizas Montenegro Trade · Tivat | 03174573Income statement (PDF) | 2,097€ | +7.8% | 945,689€ | 10 |
| 142022: rank 16 | LB Town Management Administrative services · Tivat | 03327299Income statement (PDF) | 2,069€ | +34.2% | 5,722,139€ | 121 |
| 152022: rank 14 | Berba Trade · Tivat | 02811227Income statement (PDF) | 1,978€ | +22.2% | 3,747,912€ | 12 |
| 16Not in the top 200 in 2022. | LB Marina One Operations Energy, water & waste · Tivat | 03218155Income statement (PDF) | 1,968€ | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 1,496,721€ | 12 |
| 172022: rank 8 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 1,960€ | -2.2% | 1,345,298€ | 40 |
| 182022: rank 17 | PM Hotels Administrative services · Tivat | 02790220Income statement (PDF) | 1,791€ | +17.1% | 10,454,552€ | 195 |
| 192022: rank 19 | Aaa -1 Rent Administrative services · Tivat | 02720817Income statement (PDF) | 1,785€ | +27.1% | 3,583,921€ | 19 |
| 202022: rank 32 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,777€ | +59.1% | 688,825€ | 13 |
| 212022: rank 48 | LB Security and Emergency Response Services Administrative services · Tivat | 03416089Income statement (PDF) | 1,723€ | +101.3% | 200,412€ | 36 |
| 222022: rank 18 | Fashion Porto Trade · Tivat | 02654105Income statement (PDF) | 1,593€ | +6.3% | 4,515,739€ | 23 |
| 232022: rank 12 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,593€ | -3.9% | 7,928,650€ | 157 |
| 242022: rank 13 | Los Gueros Hospitality · Tivat | 03400107Income statement (PDF) | 1,571€ | -3.6% | 844,760€ | 24 |
| 25Not in the top 200 in 2022. | Ohm Mamula Montenegro Hospitality · Tivat | 03095924Income statement (PDF) | 1,559€ | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 980,850€ | 16 |
| 262022: rank 23 | Bread Manufacturing · Tivat | 03151409Income statement (PDF) | 1,502€ | +17.3% | 1,653,716€ | 24 |
| 272022: rank 30 | Milo&Chayse Hospitality · Tivat | 03346242Income statement (PDF) | 1,500€ | +30.4% | 2,321,046€ | 20 |
| 282022: rank 33 | I & S Team Construction · Tivat | 03050556Income statement (PDF) | 1,455€ | +33.6% | 11,177,522€ | 41 |
| 292022: rank 21 | Vodovod i Kanalizacija Energy, water & waste · Tivat | 02295407Income statement (PDF) | 1,446€ | +6.9% | 3,302,926€ | 63 |
| 302022: rank 42 | Zaliv Pro Hospitality · Tivat | 03326373Income statement (PDF) | 1,446€ | +52.4% | 2,769,992€ | 31 |
| 31Not in the top 200 in 2022. | D Photo Trade Trade · Tivat | 02389231Income statement (PDF) | 1,427€ | +8.1% | 1,131,245€ | 10 |
| 322022: rank 25 | Za Odvođenje i Prečišćavanje Otpadnih Voda za Opštine Kotor i Energy, water & waste · Tivat | 03211398Income statement (PDF) | 1,403€ | +11.6% | 616,062€ | 10 |
| 332022: rank 87 | Gornesh's Food Hospitality · Tivat | 03304485Income statement (PDF) | 1,394€ | +227.2% | 415,069€ | 10 |
| 342022: rank 61 | Kafeterija Montenegro Hospitality · Tivat | 03198928Income statement (PDF) | 1,358€ | +87.1% | 839,304€ | 21 |
| 352022: rank 57 | Montefish Trade · Tivat | 02327058Income statement (PDF) | 1,344€ | +75.9% | 5,817,218€ | 25 |
| 362022: rank 39 | Mala Barka Hospitality · Tivat | 02900475Income statement (PDF) | 1,321€ | +36.3% | 547,445€ | 10 |
| 372022: rank 46 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 1,280€ | +38.4% | 1,728,273€ | 41 |
| 382022: rank 36 | Una Manufacturing · Tivat | 02053489Income statement (PDF) | 1,264€ | +17.5% | 4,895,640€ | 56 |
| 392022: rank 44 | Pippo's Yacht Supplies Hospitality · Tivat | 02776081Income statement (PDF) | 1,240€ | +30.9% | 1,779,499€ | 30 |
| 402022: rank 31 | Poen Trade · Tivat | 02629810Income statement (PDF) | 1,212€ | +7.3% | 3,150,388€ | 15 |
| 412022: rank 34 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,207€ | +11.4% | 1,660,803€ | 59 |
| 42Not in the top 200 in 2022. | NS Consult Professional services · Tivat | 03078922Income statement (PDF) | 1,118€ | +8.5% | 259,722€ | 10 |
| 43Not in the top 200 in 2022. | Sam Solutions Professional services · Tivat | 03283453Income statement (PDF) | 1,102€ | +25.2% | 101,442€ | 11 |
| 442022: rank 24 | A+ Yachting Transport & logistics · Tivat | 03180042Income statement (PDF) | 1,090€ | -13.9% | 1,238,973€ | 12 |
| 452022: rank 37 | Radio Tivat Arts & entertainment · Tivat | 02368811Income statement (PDF) | 1,081€ | +4.6% | 248,437€ | 16 |
| 46Not in the top 200 in 2022. | Montespeed Transport & logistics · Tivat | 02397021Income statement (PDF) | 1,075€ | +19.3% | 538,755€ | 11 |
| 472022: rank 40 | Parking Servis Transport & logistics · Tivat | 03136094Income statement (PDF) | 1,074€ | +11.4% | 755,044€ | 25 |
| 482022: rank 47 | Invar Ivošević Professional services · Tivat | 02175967Income statement (PDF) | 1,071€ | +20.6% | 265,180€ | 11 |
| 492022: rank 28 | Samcommerce Plus Transport & logistics · Tivat | 02982234Income statement (PDF) | 1,068€ | -8.2% | 714,889€ | 17 |
| 502022: rank 71 | Seaars Arts & entertainment · Tivat | 02752387Income statement (PDF) | 1,061€ | +67.1% | 2,576,818€ | 20 |
Showing 1–50 · top 50 of 102 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 2023, 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