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 51–100 of 294
* 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* |
|---|
| 51 | Gramon-Tomašević02339803 · Construction | <0.1% | 197,746€ | -13.1% | 6,058€ | 3.1% | 12 | 607€ |
| 52 | Mauer Group03281515 · Construction | <0.1% | 164,321€ | -54.4% | -86,600€ | -52.7% | 6 | 1,143€ |
| 53 | RR - Ivović Company02684942 · Construction | <0.1% | 164,066€ | -29.3% | -19,052€ | -11.6% | 2 | 522€ |
| 54 | Lesstra03252191 · Construction | <0.1% | 159,855€ | +120.6% | 9,267€ | 5.8% | 1 | 823€ |
| 55 | Igalopromet Holding02827590 · Construction | <0.1% | 159,155€ | -49.0% | 7,513€ | 4.7% | 2 | 1,060€ |
| 56 | MV Pools03672425 · Construction | <0.1% | 155,018€ | +645.8% | 1,964€ | 1.3% | 1 | 460€ |
| 57 | Gold Coin Invest03596869 · Construction | <0.1% | 154,979€ | -55.3% | 69,168€ | 44.6% | 2 | 650€ |
| 58 | Pen-Kov02882221 · Construction | <0.1% | 148,883€ | +167.8% | -17,492€ | -11.7% | 2 | 703€ |
| 59 | Vučković Company03387682 · Construction | <0.1% | 143,970€ | +51.5% | -2,818€ | -2.0% | 7 | 899€ |
| 60 | Izol Group03731189 · Construction | <0.1% | 141,618€ | No filing for 2024. | -10,628€ | -7.5% | 3 | 2,755€ |
| 61 | Topla Invest02695430 · Construction | <0.1% | 135,569€ | -64.0% | 8,449€ | 6.2% | 6 | 658€ |
| 62 | Ceylan Investment and Construction03538273 · Construction | <0.1% | 134,428€ | +21.2% | -708,258€ | -526.9% | 4 | 3,550€ |
| 63 | S Pool Company03261280 · Construction | <0.1% | 133,012€ | +50.6% | -2,738€ | -2.1% | 1 | 339€ |
| 64 | Gradac TS03754774 · Construction | <0.1% | 129,248€ | No filing for 2024. | 16,918€ | 13.1% | 1 | 1,563€ |
| 65 | B.S.V. Ivović03301451 · Construction | <0.1% | 128,890€ | -21.5% | 28,050€ | 21.8% | 2 | 691€ |
| 66 | Role Inženjering Ii03031713 · Construction | <0.1% | 119,111€ | -12.5% | 45€ | 0.0% | 9 | 1,085€ |
| 67 | Vozol Gradnja03695344 · Construction | <0.1% | 117,370€ | +1,367.1% | -13,256€ | -11.3% | 3 | 574€ |
| 68 | Citadela Mne03430227 · Construction | <0.1% | 116,700€ | +35,697.5% | 45,189€ | 38.7% | 1 | 923€ |
| 69 | Cvijovic Kop03708934 · Construction | <0.1% | 111,043€ | +1,628.3% | 1,430€ | 1.3% | 1 | 3,386€ |
| 70 | M.V. Inžinjering03158101 · Construction | <0.1% | 108,435€ | -18.6% | 6,402€ | 5.9% | 5 | 708€ |
| 71 | Elektronika Centar02653206 · Construction | <0.1% | 107,974€ | -0.6% | 10,906€ | 10.1% | 3 | 629€ |
| 72 | Eylul Turizm Insaat03366995 · Construction | <0.1% | 105,644€ | -73.3% | -210,572€ | -199.3% | 13 | 651€ |
| 73 | Aqua Vista02711583 · Construction | <0.1% | 103,347€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5€ | -0.0% | 1 | 7,529€ |
| 74 | Radius Gas02958066 · Construction | <0.1% | 97,543€ | +22.6% | 3,292€ | 3.4% | 1 | 1,419€ |
| 75 | Belko02649454 · Construction | <0.1% | 93,813€ | +181.6% | 13,833€ | 14.7% | 3 | 835€ |
| 76 | Madecassia03151611 · Construction | <0.1% | 93,122€ | +57,030.1% | -62,317€ | -66.9% | 1 | 9,798€ |
| 77 | Pure Satisfaction03713024 · Construction | <0.1% | 89,262€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,564€ | 25.3% | 2 | 597€ |
| 78 | Luks Elektro03404803 · Construction | <0.1% | 88,527€ | -29.8% | -2,749€ | -3.1% | 1 | 1,462€ |
| 79 | Bau Group03659658 · Construction | <0.1% | 88,095€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,212€ | 10.5% | 1 | 1,751€ |
| 80 | Aman Company03293769 · Construction | <0.1% | 87,682€ | +185.2% | 11,814€ | 13.5% | 1 | 1,250€ |
| 81 | Topi Company02348420 · Construction | <0.1% | 85,564€ | -14.6% | 1,166€ | 1.4% | 3 | 821€ |
| 82 | Adriatic Construction Company02799219 · Construction | <0.1% | 85,355€ | +67,642.1% | 59,070€ | 69.2% | 1 | 518€ |
| 83 | H2o Unical Lalajoni03772578 · Construction | <0.1% | 78,877€ | No filing for 2024. | -7,235€ | -9.2% | 2 | — |
| 84 | Mićo Gradnja03245357 · Construction | <0.1% | 76,923€ | +23.2% | -14,206€ | -18.5% | 3 | 502€ |
| 85 | GT 203385051 · Construction | <0.1% | 74,435€ | -95.9% | -16,224€ | -21.8% | 2 | 373€ |
| 86 | Elips02050790 · Construction | <0.1% | 74,305€ | -20.2% | -22,310€ | -30.0% | 3 | 1,001€ |
| 87 | Monte Building02920760 · Construction | <0.1% | 67,572€ | -67.1% | -29,428€ | -43.6% | 4 | 801€ |
| 88 | S.K.Z.S.02973359 · Construction | <0.1% | 67,462€ | +118.1% | 549€ | 0.8% | 3 | 767€ |
| 89 | Jedro Invest02736071 · Construction | <0.1% | 65,236€ | +686.3% | -7,410€ | -11.4% | 1 | — |
| 90 | Raj & Tim03570134 · Construction | <0.1% | 64,929€ | +79.1% | 660€ | 1.0% | 1 | — |
| 91 | MV Staf03752054 · Construction | <0.1% | 64,002€ | No filing for 2024. | 34,864€ | 54.5% | 1 | 550€ |
| 92 | Trivković02375117 · Construction | <0.1% | 63,765€ | -31.4% | -411€ | -0.6% | 3 | 740€ |
| 93 | JSS02931176 · Construction | <0.1% | 61,389€ | +2.8% | -5,740€ | -9.4% | 2 | 349€ |
| 94 | Novi Prvoborac02314223 · Construction | <0.1% | 61,014€ | +49.2% | -33,661€ | -55.2% | 3 | 1,558€ |
| 95 | Pizzarotti Montenegro03070778 · Construction | <0.1% | 60,675€ | +84.8% | -74,935€ | -123.5% | 2 | 1,904€ |
| 96 | Adc03115046 · Construction | <0.1% | 60,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 51,232€ | 85.4% | 1 | — |
| 97 | MKM Mattone Doro03430618 · Construction | <0.1% | 56,476€ | -67.5% | -114,418€ | -202.6% | 11 | 602€ |
| 98 | Čile Elektro Inženjering02871343 · Construction | <0.1% | 55,676€ | -30.0% | -3,618€ | -6.5% | 4 | 715€ |
| 99 | Merkel Inmarkel Invest03625621 · Construction | <0.1% | 55,051€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -34,130€ | -62.0% | 1 | 678€ |
| 100 | Effective Management03635007 · Construction | <0.1% | 54,722€ | -75.6% | -26,794€ | -49.0% | 1 | 678€ |