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 106
* 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 | No-Mi02394430 · Transport & logistics | 1.0% | 6,217,790€ | +0.0% | 44,875€ | 0.7% | 83 | 860€ |
| 2 | Blue Line02033356 · Transport & logistics | 0.7% | 4,333,994€ | +1.9% | 1,478,040€ | 34.1% | 74 | 1,178€ |
| 3 | Boka Adriatic02288460 · Transport & logistics | 0.6% | 3,845,601€ | +33.9% | 3,824€ | 0.1% | 12 | 1,170€ |
| 4 | Company D.A.J.M.I.02434296 · Transport & logistics | 0.4% | 2,656,765€ | +13.2% | 338,969€ | 12.8% | 117 | 764€ |
| 5 | 101 Europe Logistics03371077 · Transport & logistics | 0.4% | 2,456,703€ | +185.3% | 53,537€ | 2.2% | 9 | 765€ |
| 6 | Univerzal Monte02619032 · Transport & logistics | 0.3% | 1,574,553€ | +52,485,000.0% | -1,745,544€ | -110.9% | 1 | 656€ |
| 7 | Balkmar Management02737558 · Transport & logistics | 0.2% | 1,526,888€ | -48.6% | 665,750€ | 43.6% | 2 | 26,067€ |
| 8 | Belavista Trend Montenegro02658321 · Transport & logistics | 0.2% | 1,497,501€ | +47.2% | 245,686€ | 16.4% | 40 | 911€ |
| 9 | Parking Servis Herceg Novi02819848 · Transport & logistics | 0.2% | 1,474,737€ | +9.6% | 15,358€ | 1.0% | 48 | 1,349€ |
| 10 | Voćko02744678 · Transport & logistics | 0.2% | 1,188,952€ | +8.5% | 27,415€ | 2.3% | 6 | 1,475€ |
| 11 | MDL Mne03208354 · Transport & logistics | 0.1% | 822,720€ | -12.5% | 65,221€ | 7.9% | 15 | 1,416€ |
| 12 | Marić Nautica03234517 · Transport & logistics | <0.1% | 548,186€ | +286.6% | -42,113€ | -7.7% | 3 | 1,118€ |
| 13 | Vujnović02441136 · Transport & logistics | <0.1% | 547,705€ | -22.4% | 9,426€ | 1.7% | 7 | 2,111€ |
| 14 | Balsa Group03306500 · Transport & logistics | <0.1% | 444,787€ | -15.2% | -2,786€ | -0.6% | 6 | 4,879€ |
| 15 | Adriamar02323036 · Transport & logistics | <0.1% | 417,021€ | +35.7% | 21,216€ | 5.1% | 1 | 525€ |
| 16 | Krivokapić Turs02280710 · Transport & logistics | <0.1% | 340,686€ | +1.2% | 69,708€ | 20.5% | 5 | 666€ |
| 17 | Đorđević-DDS02259818 · Transport & logistics | <0.1% | 308,039€ | +93.7% | 86,745€ | 28.2% | 8 | 770€ |
| 18 | Maja Logistics03521770 · Transport & logistics | <0.1% | 293,072€ | +19.5% | 28,292€ | 9.7% | 1 | 2,520€ |
| 19 | Sos Manex02412918 · Transport & logistics | <0.1% | 260,167€ | +31.0% | 58,786€ | 22.6% | 12 | 717€ |
| 20 | Boka Limited03454975 · Transport & logistics | <0.1% | 242,993€ | +45.7% | 22,417€ | 9.2% | 2 | 493€ |
| 21 | Boka Pilot & Tug Boat Services02370026 · Transport & logistics | <0.1% | 218,108€ | +178.6% | -74,053€ | -34.0% | 11 | 806€ |
| 22 | R-Line Company03035832 · Transport & logistics | <0.1% | 176,753€ | +17.9% | 896€ | 0.5% | 4 | 808€ |
| 23 | VRR Trans03414710 · Transport & logistics | <0.1% | 171,052€ | +4.0% | 6,911€ | 4.0% | 3 | 696€ |
| 24 | Sakura Group03299104 · Transport & logistics | <0.1% | 159,564€ | -29.4% | -35,807€ | -22.4% | 4 | 2,043€ |
| 25 | Omega Logistic02792354 · Transport & logistics | <0.1% | 158,750€ | +91.8% | 31,287€ | 19.7% | 1 | 3,631€ |
| 26 | Kubik Company02953862 · Transport & logistics | <0.1% | 158,597€ | -19.3% | 7,773€ | 4.9% | 2 | 678€ |
| 27 | Filšped03056791 · Transport & logistics | <0.1% | 141,304€ | +13.8% | 10,495€ | 7.4% | 4 | 869€ |
| 28 | Travego Herceg Novi03352498 · Transport & logistics | <0.1% | 139,720€ | +55.9% | 33,634€ | 24.1% | 2 | 480€ |
| 29 | Montesail03696545 · Transport & logistics | <0.1% | 128,904€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,278€ | -14.2% | 2 | 909€ |
| 30 | Euro Line Travel02867931 · Transport & logistics | <0.1% | 114,745€ | -3.6% | 9,406€ | 8.2% | 3 | 944€ |
| 31 | Prevoz Pavlović02977281 · Transport & logistics | <0.1% | 112,068€ | -5.1% | -22,559€ | -20.1% | 6 | 658€ |
| 32 | Okitrans Company03307280 · Transport & logistics | <0.1% | 107,334€ | +173.4% | 8,592€ | 8.0% | 2 | — |
| 33 | Elbo-Herceg Novi02880245 · Transport & logistics | <0.1% | 98,306€ | +29.4% | 58,243€ | 59.2% | 1 | 603€ |
| 34 | Vel - Boš02347385 · Transport & logistics | <0.1% | 96,893€ | -1.4% | -5,287€ | -5.5% | 5 | 772€ |
| 35 | Terrakop03460231 · Transport & logistics | <0.1% | 96,885€ | +30.2% | 24,165€ | 24.9% | 2 | 749€ |
| 36 | RTH Trans02718146 · Transport & logistics | <0.1% | 95,211€ | +37.8% | 5,853€ | 6.1% | 3 | 677€ |
| 37 | Sikimić Marine Services02400588 · Transport & logistics | <0.1% | 91,308€ | +10.7% | 17,805€ | 19.5% | 3 | 1,186€ |
| 38 | Montenegro Wild Boat03258246 · Transport & logistics | <0.1% | 90,139€ | +9.8% | 10,484€ | 11.6% | 3 | 588€ |
| 39 | Novi Trans Šoškić02280051 · Transport & logistics | <0.1% | 77,696€ | -46.8% | -32,735€ | -42.1% | 1 | 1,396€ |
| 40 | GPS Navimport02104512 · Transport & logistics | <0.1% | 76,898€ | -78.4% | -125,387€ | -163.1% | 3 | 526€ |
| 41 | Ecotrans02958490 · Transport & logistics | <0.1% | 62,420€ | +6.4% | 730€ | 1.2% | 1 | 1,559€ |
| 42 | Golden Hour03736938 · Transport & logistics | <0.1% | 50,792€ | No filing for 2024. | 19,354€ | 38.1% | 1 | 1,786€ |
| 43 | Infinity Lux03650316 · Transport & logistics | <0.1% | 45,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,331€ | 31.8% | 1 | 624€ |
| 44 | Rašped03782689 · Transport & logistics | <0.1% | 44,989€ | No filing for 2024. | 2,954€ | 6.6% | 1 | 958€ |
| 45 | Nordstern Yacht Management and Consultancy03672565 · Transport & logistics | <0.1% | 43,072€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,859€ | 4.3% | 2 | 777€ |
| 46 | Prevezi.Me03651789 · Transport & logistics | <0.1% | 30,649€ | +449.3% | 22,145€ | 72.3% | 1 | 564€ |
| 47 | Vila 3M02464349 · Transport & logistics | <0.1% | 30,372€ | -43.8% | -9,750€ | -32.1% | 1 | 338€ |
| 48 | Seabros03639932 · Transport & logistics | <0.1% | 29,500€ | +4.0% | -622€ | -2.1% | 2 | 1,115€ |
| 49 | Čupić Trade02263190 · Transport & logistics | <0.1% | 29,436€ | -31.2% | -19,197€ | -65.2% | 3 | 946€ |
| 50 | Djina Company03639428 · Transport & logistics | <0.1% | 29,000€ | +3.8% | 8,541€ | 29.5% | 1 | 1,363€ |