Revenue
3.5% of Montenegro's revenue
2,701 companies earned 622.11m€ in 2025, 3.5% of all company revenue in Montenegro. It ranks 6 of 25 municipalities by revenue. Revenue has grown 3.3× since 2015.
3.5% of Montenegro's revenue
87.6 per 1,000 residents · Montenegro 57.3
Largest employer: Portonovi Hospitality Management Company (355)
Total profit: 14.92m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 186,748,143€ | 1,096 |
| 2016 | 238,411,668€ | 1,158 |
| 2017 | 256,635,932€ | 1,236 |
| 2018 | 330,861,351€ | 1,347 |
| 2019 | 472,263,023€ | 1,508 |
| 2020 | 281,384,588€ | 1,616 |
| 2021 | 298,013,020€ | 1,775 |
| 2022 | 478,145,632€ | 2,226 |
| 2023 | 519,343,062€ | 2,536 |
| 2024 | 586,186,307€ | 2,626 |
| 2025 (Preliminary) | 622,105,532€ | 2,701 |
The number of companies jumped most in 2022: from 1,775 to 2,226.
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 1–50 of 145
* 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* |
|---|
| 1 | Primato P03016455 · Manufacturing | 7.6% | 47,178,122€ | +0.8% | 1,089,531€ | 2.3% | 125 | 928€ |
| 2 | Adriatic 4202700930 · Manufacturing | 1.9% | 11,567,437€ | +93.4% | -5,232,926€ | -45.2% | 93 | 2,866€ |
| 3 | 0.3% | 1,828,985€ | +9.7% | 104,714€ | 5.7% | 18 | 856€ | |
| 4 | Engine Repair Solutions03133923 · Manufacturing | 0.3% | 1,599,682€ | +41.6% | 341,326€ | 21.3% | 6 | 2,053€ |
| 5 | SKY Sat02056151 · Manufacturing | 0.2% | 1,453,434€ | -20.8% | 60,900€ | 4.2% | 22 | 1,272€ |
| 6 | Vanille Coco02910624 · Manufacturing | 0.2% | 946,047€ | -4.6% | 62,366€ | 6.6% | 25 | 1,098€ |
| 7 | MID.COM03593169 · Manufacturing | 0.1% | 861,154€ | +78.1% | 100,928€ | 11.7% | 20 | 1,149€ |
| 8 | Baldo Company02904535 · Manufacturing | 0.1% | 634,925€ | -24.7% | 83,660€ | 13.2% | 11 | 675€ |
| 9 | Šušić02124190 · Manufacturing | <0.1% | 564,225€ | -9.9% | 20,504€ | 3.6% | 28 | 661€ |
| 10 | Castel Savina02952564 · Manufacturing | <0.1% | 545,748€ | +22.5% | 92,985€ | 17.0% | 6 | 1,213€ |
| 11 | Paradise Food03162966 · Manufacturing | <0.1% | 441,037€ | -6.7% | -18,033€ | -4.1% | 39 | 449€ |
| 12 | Branko Dex02948745 · Manufacturing | <0.1% | 387,373€ | -24.1% | 112,174€ | 29.0% | 8 | 708€ |
| 13 | Alus02715317 · Manufacturing | <0.1% | 376,446€ | -7.7% | 1,456€ | 0.4% | 11 | 587€ |
| 14 | Repforn Lda02830884 · Manufacturing | <0.1% | 375,030€ | +4.3% | 60,337€ | 16.1% | 8 | 1,191€ |
| 15 | Blue Mont03075834 · Manufacturing | <0.1% | 360,085€ | +189.1% | 15,927€ | 4.4% | 15 | 958€ |
| 16 | Marina Zelenika02381958 · Manufacturing | <0.1% | 341,782€ | -34.5% | 19,137€ | 5.6% | 11 | 753€ |
| 17 | KMN Servis03145557 · Manufacturing | <0.1% | 333,528€ | +30.9% | 17,042€ | 5.1% | 4 | 1,556€ |
| 18 | Biro Konto03382974 · Manufacturing | <0.1% | 315,369€ | +9.2% | 65,333€ | 20.7% | 10 | 712€ |
| 19 | Palikuća Company02986230 · Manufacturing | <0.1% | 277,664€ | +15.2% | -5,922€ | -2.1% | 9 | 608€ |
| 20 | Bake Montenegro02379163 · Manufacturing | <0.1% | 258,182€ | +4.9% | 7,285€ | 2.8% | 15 | 749€ |
| 21 | Zlatara Ami02908816 · Manufacturing | <0.1% | 209,898€ | +0.7% | 10,658€ | 5.1% | 3 | 819€ |
| 22 | Cicak Akustika02725053 · Manufacturing | <0.1% | 207,405€ | +54.5% | 7,079€ | 3.4% | 1 | 7,984€ |
| 23 | Pekara Zelenika02965364 · Manufacturing | <0.1% | 203,203€ | +0.5% | 11,653€ | 5.7% | 8 | 792€ |
| 24 | Yachting Service Dabović03291847 · Manufacturing | <0.1% | 202,448€ | +29.6% | 1,924€ | 1.0% | 4 | 1,191€ |
| 25 | Destiny02302683 · Manufacturing | <0.1% | 200,652€ | -9.0% | 10,739€ | 5.4% | 6 | 629€ |
| 26 | M-Kosić02931745 · Manufacturing | <0.1% | 193,782€ | +35.9% | 15,880€ | 8.2% | 2 | 615€ |
| 27 | Navar02099365 · Manufacturing | <0.1% | 182,800€ | +1.6% | 60,429€ | 33.1% | 5 | 1,872€ |
| 28 | Vukovic Design02786834 · Manufacturing | <0.1% | 181,750€ | +36.0% | 938€ | 0.5% | 4 | 750€ |
| 29 | MLC Lift02462478 · Manufacturing | <0.1% | 165,795€ | +16.0% | -1,760€ | -1.1% | 4 | 963€ |
| 30 | Ionoff Roasting Co03280519 · Manufacturing | <0.1% | 148,617€ | +1,109.2% | -8,189€ | -5.5% | 3 | 900€ |
| 31 | Leart02379481 · Manufacturing | <0.1% | 132,503€ | +41.6% | 17,402€ | 13.1% | 8 | 680€ |
| 32 | BM - Magistrala02636328 · Manufacturing | <0.1% | 128,811€ | -9.6% | -12,668€ | -9.8% | 8 | 758€ |
| 33 | Alfa Enterijeri03644642 · Manufacturing | <0.1% | 124,683€ | +103.3% | -15,280€ | -12.3% | 7 | 444€ |
| 34 | Bio - Pak Lečić Ortačko Društvo Lečić Ljubiša i DR02331594 · Manufacturing | <0.1% | 123,943€ | -24.8% | 2,833€ | 2.3% | 1 | 684€ |
| 35 | DLM Company Montenegro03650251 · Manufacturing | <0.1% | 121,862€ | +130.5% | 56€ | 0.0% | 6 | 703€ |
| 36 | Kovačević MG02839571 · Manufacturing | <0.1% | 120,350€ | -10.8% | 6,941€ | 5.8% | 7 | 628€ |
| 37 | Bayerm02907020 · Manufacturing | <0.1% | 117,046€ | -16.7% | 1,014€ | 0.9% | 2 | 843€ |
| 38 | Master Frigo02765420 · Manufacturing | <0.1% | 115,450€ | -31.2% | 10,382€ | 9.0% | 4 | 1,762€ |
| 39 | Magial02803046 · Manufacturing | <0.1% | 110,887€ | -13.6% | -60,299€ | -54.4% | 7 | 543€ |
| 40 | Provista Nova03062775 · Manufacturing | <0.1% | 108,928€ | +11.2% | 1,277€ | 1.2% | 3 | 746€ |
| 41 | Adriatic Metal Mont Mne03595480 · Manufacturing | <0.1% | 104,665€ | -55.3% | -33,215€ | -31.7% | 4 | 1,302€ |
| 42 | Tank Cleaning Company03681661 · Manufacturing | <0.1% | 101,446€ | +158.5% | 1,406€ | 1.4% | 5 | 945€ |
| 43 | Miakomerc02213702 · Manufacturing | <0.1% | 99,629€ | -10.8% | 4,484€ | 4.5% | 6 | 544€ |
| 44 | Madžarević-Biro Konto i Ortaci02149575 · Manufacturing | <0.1% | 98,651€ | -30.6% | -45,156€ | -45.8% | 7 | 631€ |
| 45 | Montepane03479234 · Manufacturing | <0.1% | 90,311€ | -84.6% | -77,410€ | -85.7% | 5 | 1,180€ |
| 46 | Drvo Ars02400278 · Manufacturing | <0.1% | 88,007€ | -63.2% | -21,080€ | -24.0% | 1 | 499€ |
| 47 | Jahir Pek03724310 · Manufacturing | <0.1% | 84,984€ | No filing for 2024. | 4,710€ | 5.5% | 5 | 662€ |
| 48 | S-Frigo02929457 · Manufacturing | <0.1% | 84,573€ | +23.8% | 9,111€ | 10.8% | 4 | 957€ |
| 49 | Limbra02440008 · Manufacturing | <0.1% | 75,247€ | +25.2% | 12,416€ | 16.5% | 2 | 670€ |
| 50 | V.U.M Yacht Services03714896 · Manufacturing | <0.1% | 73,784€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,573€ | 4.8% | 1 | 1,081€ |