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 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* |
|---|
| 51 | Sab Security Montenegro02932920 · Administrative services | 0.3% | 1,987,773€ | -14.5% | 72,997€ | 3.7% | 96 | 1,051€ |
| 52 | Staninženjering02445956 · Professional services | 0.3% | 1,978,201€ | +32.1% | 541,051€ | 27.4% | 9 | 726€ |
| 53 | Portonovi Electricity Distribution Company03121585 · Energy, water & waste | 0.3% | 1,966,557€ | +2.1% | 206,939€ | 10.5% | 4 | 4,373€ |
| 54 | Ecosfera Savjetovanje03513262 · Professional services | 0.3% | 1,893,488€ | +152.6% | 958,023€ | 50.6% | 1 | 1,045€ |
| 55 | 0.3% | 1,828,985€ | +9.7% | 104,714€ | 5.7% | 18 | 856€ | |
| 56 | Eco Fruit Herceg Novi03379221 · Trade | 0.3% | 1,784,706€ | +12.4% | 29,300€ | 1.6% | 13 | 523€ |
| 57 | Veloder02230917 · Hospitality | 0.3% | 1,724,869€ | +11.2% | 323,810€ | 18.8% | 35 | 862€ |
| 58 | Komunalno Stambeno02293218 · Administrative services | 0.3% | 1,718,962€ | -1.4% | 117,878€ | 6.9% | 86 | 1,104€ |
| 59 | Iberostar Montenegro03181472 · Professional services | 0.3% | 1,688,269€ | -1.8% | 404,653€ | 24.0% | 5 | 3,489€ |
| 60 | Mješovito02008190 · Real estate | 0.3% | 1,676,857€ | +48.3% | 843,931€ | 50.3% | 9 | 2,286€ |
| 61 | CMC Group02046091 · Professional services | 0.3% | 1,617,392€ | -50.6% | 36,452€ | 2.3% | 17 | 1,943€ |
| 62 | Engine Repair Solutions03133923 · Manufacturing | 0.3% | 1,599,682€ | +41.6% | 341,326€ | 21.3% | 6 | 2,053€ |
| 63 | Univerzal Monte02619032 · Transport & logistics | 0.3% | 1,574,553€ | +52,485,000.0% | -1,745,544€ | -110.9% | 1 | 656€ |
| 64 | Balkmar Management02737558 · Transport & logistics | 0.2% | 1,526,888€ | -48.6% | 665,750€ | 43.6% | 2 | 26,067€ |
| 65 | Ibt03099504 · Construction | 0.2% | 1,525,467€ | +19.3% | 80,762€ | 5.3% | 22 | 1,287€ |
| 66 | Belavista Trend Montenegro02658321 · Transport & logistics | 0.2% | 1,497,501€ | +47.2% | 245,686€ | 16.4% | 40 | 911€ |
| 67 | Parking Servis Herceg Novi02819848 · Transport & logistics | 0.2% | 1,474,737€ | +9.6% | 15,358€ | 1.0% | 48 | 1,349€ |
| 68 | SKY Sat02056151 · Manufacturing | 0.2% | 1,453,434€ | -20.8% | 60,900€ | 4.2% | 22 | 1,272€ |
| 69 | River Side02666596 · Construction | 0.2% | 1,451,987€ | -75.6% | -317,108€ | -21.8% | 6 | 1,304€ |
| 70 | MM Stanišić02688387 · Construction | 0.2% | 1,422,514€ | +51.1% | 503,503€ | 35.4% | 32 | 825€ |
| 71 | Monument PN03308235 · Hospitality | 0.2% | 1,421,280€ | +9.6% | 7,868€ | 0.6% | 30 | 934€ |
| 72 | Jelej02191059 · Trade | 0.2% | 1,414,762€ | +11.3% | 98,290€ | 6.9% | 25 | 1,483€ |
| 73 | Feroplet02194953 · Trade | 0.2% | 1,400,392€ | -10.6% | 31,725€ | 2.3% | 15 | 1,082€ |
| 74 | MLC International Mne02957833 · Professional services | 0.2% | 1,396,501€ | -31.8% | -352,377€ | -25.2% | 5 | 2,185€ |
| 75 | Nektar Natura02404940 · Trade | 0.2% | 1,386,651€ | +3.9% | 126,848€ | 9.1% | 7 | 1,332€ |
| 76 | Dimix Montenegro02952041 · Professional services | 0.2% | 1,371,572€ | +77.5% | 47,184€ | 3.4% | 6 | 1,984€ |
| 77 | Vuković i Ortaci02340216 · Trade | 0.2% | 1,347,885€ | +19.9% | 136,919€ | 10.2% | 7 | 711€ |
| 78 | Mol Trening Centar (evropa)02347806 · Education | 0.2% | 1,323,022€ | +27.0% | 155,050€ | 11.7% | 12 | 5,301€ |
| 79 | TTS-Kompas02086964 · Trade | 0.2% | 1,308,759€ | +3.8% | 23,899€ | 1.8% | 11 | 1,282€ |
| 80 | Achillea02860023 · Trade | 0.2% | 1,274,462€ | +6.4% | 37,095€ | 2.9% | 6 | 1,994€ |
| 81 | GRK Company02275520 · Trade | 0.2% | 1,255,769€ | +33.8% | 38,206€ | 3.0% | 4 | — |
| 82 | Itag Novi03603296 · Hospitality | 0.2% | 1,253,180€ | -2.6% | 210,258€ | 16.8% | 32 | 1,179€ |
| 83 | Radanović Invest Group02440733 · Construction | 0.2% | 1,233,712€ | -4.3% | 188,032€ | 15.2% | 15 | 482€ |
| 84 | DNS Nautika03171493 · Trade | 0.2% | 1,233,003€ | +31.1% | 83,201€ | 6.7% | 13 | 1,168€ |
| 85 | Voćko02744678 · Transport & logistics | 0.2% | 1,188,952€ | +8.5% | 27,415€ | 2.3% | 6 | 1,475€ |
| 86 | Gorbis02221870 · Administrative services | 0.2% | 1,153,352€ | +65.6% | 123,531€ | 10.7% | 7 | 1,180€ |
| 87 | DCM03118983 · Professional services | 0.2% | 1,135,446€ | +118.9% | 77,389€ | 6.8% | 57 | 570€ |
| 88 | Za Proizvodnju i Usluge Zadužbina03372251 · Construction | 0.2% | 1,121,955€ | -3.8% | 203,914€ | 18.2% | 44 | 705€ |
| 89 | Coning02053314 · Professional services | 0.2% | 1,113,656€ | -5.2% | 14,188€ | 1.3% | 20 | 1,163€ |
| 90 | Lighthouse of Montenegro02770164 · Hospitality | 0.2% | 1,105,943€ | +13.7% | 52,968€ | 4.8% | 23 | 1,114€ |
| 91 | Sweetsoft03007979 · Technology | 0.2% | 1,075,343€ | +33.6% | 4,330€ | 0.4% | 14 | 1,615€ |
| 92 | Msrc.Mne03585034 · Technology | 0.2% | 1,073,306€ | +13.4% | 744,506€ | 69.4% | 5 | 2,905€ |
| 93 | Boy Iv02313065 · Trade | 0.2% | 1,045,200€ | +0.7% | 87,914€ | 8.4% | 18 | 1,000€ |
| 94 | Yacht Electronic Services02773864 · Construction | 0.2% | 972,405€ | +37.0% | 135,541€ | 13.9% | 11 | 1,018€ |
| 95 | Plaža Perla03227944 · Hospitality | 0.2% | 965,241€ | +36.4% | -16,850€ | -1.7% | 23 | 1,342€ |
| 96 | Vanille Coco02910624 · Manufacturing | 0.2% | 946,047€ | -4.6% | 62,366€ | 6.6% | 25 | 1,098€ |
| 97 | Arapović Company02322544 · Hospitality | 0.2% | 943,223€ | +21.8% | 173,062€ | 18.3% | 18 | 1,103€ |
| 98 | Vetama03275183 · Trade | 0.1% | 915,671€ | -10.9% | 79,925€ | 8.7% | 1 | 1,254€ |
| 99 | Adrimont03305422 · Hospitality | 0.1% | 914,520€ | +35.8% | 20,525€ | 2.2% | 20 | 1,303€ |
| 100 | Olive Coast03292606 · Real estate | 0.1% | 913,936€ | +20.1% | 159,503€ | 17.5% | 2 | 25,805€ |