Revenue
4.3% of Montenegro's revenue
3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.
4.3% of Montenegro's revenue
72.6 per 1,000 residents · Montenegro 57.3
Largest employer: Kadar Plus (519)
Total profit: 29.89m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 239,370,876€ | 1,306 |
| 2016 | 262,228,157€ | 1,380 |
| 2017 | 301,053,489€ | 1,496 |
| 2018 | 333,446,222€ | 1,663 |
| 2019 | 351,884,422€ | 1,831 |
| 2020 | 318,094,388€ | 2,022 |
| 2021 | 391,032,089€ | 2,198 |
| 2022 | 548,447,681€ | 2,694 |
| 2023 | 592,141,198€ | 3,169 |
| 2024 | 674,325,394€ | 3,269 |
| 2025 (Preliminary) | 758,900,352€ | 3,326 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 501–550 of 3,326
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 501 | Urban Place03302741 · Hospitality | <0.1% | 179,338€ | +85.2% | 1,902€ | 1.1% | 7 | 530€ |
| 502 | Ah Montenegro03353486 · Manufacturing | <0.1% | 178,593€ | +3.5% | 6,053€ | 3.4% | 5 | 552€ |
| 503 | Lagoon Group03552870 · Hospitality | <0.1% | 177,498€ | +14.1% | 8,799€ | 5.0% | 6 | 782€ |
| 504 | Best Trans03087620 · Transport & logistics | <0.1% | 176,413€ | +24.4% | 6,195€ | 3.5% | 3 | 1,674€ |
| 505 | Optika Dino03355098 · Trade | <0.1% | 175,960€ | +4.2% | 17,678€ | 10.0% | 5 | 979€ |
| 506 | Tap Jović BR. 102890216 · Manufacturing | <0.1% | 175,312€ | -10.6% | 2,149€ | 1.2% | 3 | 569€ |
| 507 | Semi Co03051366 · Transport & logistics | <0.1% | 175,161€ | +6.9% | 14,851€ | 8.5% | 5 | 833€ |
| 508 | Adria4ever03246841 · Hospitality | <0.1% | 174,898€ | -3.7% | 139€ | 0.1% | 8 | 834€ |
| 509 | Aren Group Mne03648460 · Hospitality | <0.1% | 174,546€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -53,175€ | -30.5% | 4 | 1,705€ |
| 510 | Honel-Electronic02955580 · Trade | <0.1% | 174,145€ | +22.4% | -20,654€ | -11.9% | 7 | 462€ |
| 511 | Egzon Montenegro03360920 · Manufacturing | <0.1% | 173,805€ | +17.6% | 7,257€ | 4.2% | 3 | 738€ |
| 512 | Metović International02746417 · Professional services | <0.1% | 171,782€ | +76.2% | 19,543€ | 11.4% | 5 | 1,137€ |
| 513 | Pekara Tim03549399 · Manufacturing | <0.1% | 171,391€ | +188.0% | 36,433€ | 21.3% | 3 | 1,585€ |
| 514 | Pirlanta03074803 · Hospitality | <0.1% | 171,122€ | +5.2% | -4,917€ | -2.9% | 8 | 787€ |
| 515 | Fiki02629372 · Trade | <0.1% | 169,774€ | +22.2% | 1,304€ | 0.8% | 1 | 679€ |
| 516 | Man Trans02688557 · Transport & logistics | <0.1% | 169,416€ | +31.8% | 4,249€ | 2.5% | 3 | 930€ |
| 517 | Octopus02406624 · Trade | <0.1% | 169,264€ | +7.0% | -478€ | -0.3% | 3 | 1,162€ |
| 518 | Berg - Star02736942 · Trade | <0.1% | 169,068€ | +11.1% | -20,672€ | -12.2% | 2 | 395€ |
| 519 | Biotrend03170195 · Agriculture | <0.1% | 168,469€ | +11.5% | 22,318€ | 13.2% | 1 | 1,128€ |
| 520 | PSP02803020 · Trade | <0.1% | 167,626€ | -15.1% | 10,405€ | 6.2% | 3 | 994€ |
| 521 | MBJ Club03367169 · Hospitality | <0.1% | 166,883€ | +63.4% | 26,444€ | 15.8% | 5 | 806€ |
| 522 | Sada Tours03374190 · Hospitality | <0.1% | 166,570€ | +15.5% | 12,584€ | 7.6% | 2 | 1,462€ |
| 523 | Deco Line03062686 · Trade | <0.1% | 165,329€ | -67.2% | -30,735€ | -18.6% | 3 | 793€ |
| 524 | Šaltić Company02323834 · Hospitality | <0.1% | 164,662€ | +63.5% | 17,622€ | 10.7% | 4 | 675€ |
| 525 | Honsić Elektro02344424 · Trade | <0.1% | 164,418€ | +4.9% | 9,367€ | 5.7% | 2 | 680€ |
| 526 | Princeza Ksenija02421348 · Education | <0.1% | 164,326€ | +56.4% | 3,149€ | 1.9% | 3 | 2,428€ |
| 527 | Palmera03362426 · Hospitality | <0.1% | 164,084€ | -9.2% | -3,365€ | -2.1% | 4 | 621€ |
| 528 | Kosović Trade03739031 · Trade | <0.1% | 163,942€ | No filing for 2024. | 20,748€ | 12.7% | 13 | 753€ |
| 529 | Mihamont03394794 · Transport & logistics | <0.1% | 163,778€ | -15.7% | 16,491€ | 10.1% | 2 | 1,111€ |
| 530 | Ćeman Industry03706974 · Hospitality | <0.1% | 163,690€ | +6,711.9% | 991€ | 0.6% | 7 | 759€ |
| 531 | Wave Montenegro03655229 · Real estate | <0.1% | 163,476€ | +165.1% | 22,230€ | 13.6% | 1 | 903€ |
| 532 | MD Shipping03664252 · Transport & logistics | <0.1% | 163,413€ | +678.2% | 11,842€ | 7.2% | 1 | 380€ |
| 533 | Leković02297965 · Health & social care | <0.1% | 162,551€ | +7.2% | 3,909€ | 2.4% | 7 | 1,120€ |
| 534 | Menga Company03237877 · Trade | <0.1% | 162,212€ | +121.5% | 8,618€ | 5.3% | 3 | — |
| 535 | Optika Lazarević03472671 · Trade | <0.1% | 161,469€ | +19.0% | 27,067€ | 16.8% | 5 | 859€ |
| 536 | DR Masoničić02847035 · Health & social care | <0.1% | 161,437€ | +7.5% | 137€ | 0.1% | 8 | 1,299€ |
| 537 | Montenegro Provisions02822270 · Transport & logistics | <0.1% | 161,323€ | -22.8% | 34,517€ | 21.4% | 1 | 1,134€ |
| 538 | Meliora03389367 · Hospitality | <0.1% | 159,971€ | +82.5% | -20,346€ | -12.7% | 5 | 1,189€ |
| 539 | Nibek Art02778823 · Manufacturing | <0.1% | 158,002€ | +62.7% | 9,265€ | 5.9% | 4 | 844€ |
| 540 | Tugboat Service Montenegro03182096 · Transport & logistics | <0.1% | 157,509€ | +2.0% | 11,205€ | 7.1% | 7 | 1,145€ |
| 541 | D.P.Z. Jarbol03643000 · Hospitality | <0.1% | 157,389€ | +69.2% | 410€ | 0.3% | 2 | 523€ |
| 542 | Montenix03124193 · Trade | <0.1% | 157,231€ | +5.7% | 1,996€ | 1.3% | 3 | 1,092€ |
| 543 | TSM - Company02856921 · Trade | <0.1% | 156,796€ | -37.5% | 6,806€ | 4.3% | 7 | 685€ |
| 544 | Grga Moto02918927 · Trade | <0.1% | 156,793€ | -60.4% | 8,469€ | 5.4% | 1 | 3,534€ |
| 545 | Anur03670040 · Hospitality | <0.1% | 156,724€ | +289.3% | -20,098€ | -12.8% | 7 | 769€ |
| 546 | Adria Marine Supplies02650142 · Trade | <0.1% | 156,026€ | +3,900.7% | -74,677€ | -47.9% | 2 | 1,141€ |
| 547 | Kartolina02377659 · Trade | <0.1% | 155,753€ | +6.7% | -10,578€ | -6.8% | 2 | 958€ |
| 548 | Paladium02459221 · Arts & entertainment | <0.1% | 155,537€ | +20.9% | 17,995€ | 11.6% | 6 | 898€ |
| 549 | Nizg Co03619583 · Hospitality | <0.1% | 155,498€ | +10.9% | 5,834€ | 3.8% | 6 | 1,072€ |
| 550 | Greencar.Me03374718 · Manufacturing | <0.1% | 155,398€ | +10.1% | -949€ | -0.6% | 6 | 1,506€ |