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 451–500 of 2,701
* 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* |
|---|
| 451 | Cardio Medic02777398 · Health & social care | <0.1% | 143,496€ | +10.8% | 3,902€ | 2.7% | 6 | 1,084€ |
| 452 | Izol Group03731189 · Construction | <0.1% | 141,618€ | No filing for 2024. | -10,628€ | -7.5% | 3 | 2,755€ |
| 453 | Filšped03056791 · Transport & logistics | <0.1% | 141,304€ | +13.8% | 10,495€ | 7.4% | 4 | 869€ |
| 454 | Tag Company03609537 · Hospitality | <0.1% | 141,232€ | +21.8% | 19,663€ | 13.9% | 5 | 1,051€ |
| 455 | Itm02051931 · Trade | <0.1% | 140,921€ | +4.7% | 26,718€ | 19.0% | 1 | 2,324€ |
| 456 | MB - Lux02928507 · Hospitality | <0.1% | 139,769€ | +22.9% | -7,352€ | -5.3% | 7 | 585€ |
| 457 | Travego Herceg Novi03352498 · Transport & logistics | <0.1% | 139,720€ | +55.9% | 33,634€ | 24.1% | 2 | 480€ |
| 458 | Bubamaraonline03745449 · Technology | <0.1% | 138,911€ | No filing for 2024. | 38,534€ | 27.7% | 3 | 2,235€ |
| 459 | Forteca202503735834 · Hospitality | <0.1% | 138,815€ | No filing for 2024. | -946€ | -0.7% | 5 | 1,054€ |
| 460 | Moja Konoba03517365 · Hospitality | <0.1% | 137,846€ | -14.4% | -25,134€ | -18.2% | 3 | 1,032€ |
| 461 | Peran02250462 · Hospitality | <0.1% | 137,768€ | +7.1% | -13,244€ | -9.6% | 6 | 1,077€ |
| 462 | Btwsutorina03639835 · Hospitality | <0.1% | 137,689€ | +495.7% | 4,225€ | 3.1% | 1 | 4,252€ |
| 463 | TQM03466710 · Real estate | <0.1% | 136,990€ | +341.6% | 30,114€ | 22.0% | 2 | 1,052€ |
| 464 | Possessio Montenegro03001113 · Professional services | <0.1% | 136,881€ | -12.9% | 7,301€ | 5.3% | 1 | 6,912€ |
| 465 | Topla Invest02695430 · Construction | <0.1% | 135,569€ | -64.0% | 8,449€ | 6.2% | 6 | 658€ |
| 466 | Biserna Plaža02352150 · Hospitality | <0.1% | 135,258€ | +28.2% | -5,677€ | -4.2% | 6 | 689€ |
| 467 | Vukodo03368211 · Hospitality | <0.1% | 134,983€ | -45.1% | -43,720€ | -32.4% | 3 | 1,750€ |
| 468 | Ceylan Investment and Construction03538273 · Construction | <0.1% | 134,428€ | +21.2% | -708,258€ | -526.9% | 4 | 3,550€ |
| 469 | J.L.K.V.03436756 · Hospitality | <0.1% | 133,052€ | +60.4% | 13,863€ | 10.4% | 2 | 1,461€ |
| 470 | S Pool Company03261280 · Construction | <0.1% | 133,012€ | +50.6% | -2,738€ | -2.1% | 1 | 339€ |
| 471 | M.Vidaković Co03120112 · Hospitality | <0.1% | 132,797€ | +3.9% | 18,079€ | 13.6% | 4 | 839€ |
| 472 | Leart02379481 · Manufacturing | <0.1% | 132,503€ | +41.6% | 17,402€ | 13.1% | 8 | 680€ |
| 473 | Republic03116450 · Hospitality | <0.1% | 132,152€ | -2.8% | 10,114€ | 7.7% | 3 | 811€ |
| 474 | Music02832909 · Trade | <0.1% | 131,113€ | -42.8% | -13,729€ | -10.5% | 3 | 617€ |
| 475 | Marinero Komerc02270951 · Hospitality | <0.1% | 131,050€ | +23.1% | 5,162€ | 3.9% | 3 | 1,064€ |
| 476 | Porto Podi03017249 · Hospitality | <0.1% | 130,868€ | +14.4% | 3,692€ | 2.8% | 5 | 484€ |
| 477 | Boka Di Mare03102033 · Hospitality | <0.1% | 130,520€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,361€ | 14.1% | 4 | 781€ |
| 478 | Gradac TS03754774 · Construction | <0.1% | 129,248€ | No filing for 2024. | 16,918€ | 13.1% | 1 | 1,563€ |
| 479 | Stojović03102831 · Health & social care | <0.1% | 128,970€ | -13.8% | 1,852€ | 1.4% | 10 | 802€ |
| 480 | 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€ |
| 481 | B.S.V. Ivović03301451 · Construction | <0.1% | 128,890€ | -21.5% | 28,050€ | 21.8% | 2 | 691€ |
| 482 | BM - Magistrala02636328 · Manufacturing | <0.1% | 128,811€ | -9.6% | -12,668€ | -9.8% | 8 | 758€ |
| 483 | Geonik02703483 · Professional services | <0.1% | 128,567€ | +37.5% | 9,979€ | 7.8% | 5 | 1,450€ |
| 484 | Prom SM-Company02310988 · Trade | <0.1% | 127,478€ | -1.6% | 7,323€ | 5.7% | 3 | 890€ |
| 485 | DDM - HN03226662 · Trade | <0.1% | 127,411€ | -48.6% | 8,541€ | 6.7% | 3 | 1,245€ |
| 486 | Spectra02735245 · Trade | <0.1% | 125,601€ | -8.7% | -5,583€ | -4.4% | 3 | 575€ |
| 487 | Autorska Agencija Crne Gore02008122 · Professional services | <0.1% | 124,766€ | -1.0% | 689€ | 0.6% | 2 | 5,094€ |
| 488 | Dupan03246035 · Hospitality | <0.1% | 124,745€ | +74.6% | 14,263€ | 11.4% | 1 | 310€ |
| 489 | Alfa Enterijeri03644642 · Manufacturing | <0.1% | 124,683€ | +103.3% | -15,280€ | -12.3% | 7 | 444€ |
| 490 | Taraca03246159 · Hospitality | <0.1% | 124,442€ | +19.1% | -15,141€ | -12.2% | 3 | 682€ |
| 491 | Bio - Pak Lečić Ortačko Društvo Lečić Ljubiša i DR02331594 · Manufacturing | <0.1% | 123,943€ | -24.8% | 2,833€ | 2.3% | 1 | 684€ |
| 492 | Medojević02264048 · Hospitality | <0.1% | 123,879€ | -0.7% | 12,048€ | 9.7% | 3 | 1,116€ |
| 493 | Teduda - Mi03128946 · Trade | <0.1% | 123,429€ | -33.9% | -42,886€ | -34.7% | 6 | 706€ |
| 494 | Alchemy Games03463974 · Technology | <0.1% | 123,360€ | +1,453.7% | 9,462€ | 7.7% | 1 | 3,554€ |
| 495 | Marbor02993724 · Hospitality | <0.1% | 123,140€ | -8.0% | 19,046€ | 15.5% | 3 | 930€ |
| 496 | Adria Stanojlović03081150 · Trade | <0.1% | 122,220€ | -8.6% | 5,267€ | 4.3% | 7 | 714€ |
| 497 | DLM Company Montenegro03650251 · Manufacturing | <0.1% | 121,862€ | +130.5% | 56€ | 0.0% | 6 | 703€ |
| 498 | LTD03036197 · Hospitality | <0.1% | 121,696€ | -13.3% | -44,663€ | -36.7% | 9 | 853€ |
| 499 | Le Karasique03436403 · Technology | <0.1% | 121,376€ | -23.7% | -25,904€ | -21.3% | 1 | 678€ |
| 500 | Korovljević02646480 · Personal services | <0.1% | 120,818€ | -11.0% | 1,361€ | 1.1% | 4 | 664€ |