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 101–150 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* |
|---|
| 101 | Vavić02768283 · Construction | <0.1% | 54,227€ | -28.9% | -24,901€ | -45.9% | 2 | 537€ |
| 102 | Crnovršanin03304078 · Construction | <0.1% | 52,906€ | -60.4% | -13,192€ | -24.9% | 3 | 1,421€ |
| 103 | Montegips03781321 · Construction | <0.1% | 52,412€ | No filing for 2024. | -38,850€ | -74.1% | 4 | 304€ |
| 104 | Ndreka Company03348610 · Construction | <0.1% | 52,229€ | +319.5% | 295€ | 0.6% | 3 | 754€ |
| 105 | Svoji Ljudi02991080 · Construction | <0.1% | 52,198€ | -16.5% | -33,181€ | -63.6% | 2 | 480€ |
| 106 | Gago Gradnja03500799 · Construction | <0.1% | 51,096€ | +43.1% | 908€ | 1.8% | 2 | 780€ |
| 107 | Cebra02087855 · Construction | <0.1% | 51,021€ | -71.3% | -56,917€ | -111.6% | 4 | 799€ |
| 108 | Rus Invest Group02438577 · Construction | <0.1% | 48,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,614€ | -104.4% | 1 | 678€ |
| 109 | Black Rock03622363 · Construction | <0.1% | 47,506€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 30,791€ | 64.8% | 1 | 636€ |
| 110 | VS Investments Montenegro03382044 · Construction | <0.1% | 43,200€ | -67.2% | 23,115€ | 53.5% | 1 | 774€ |
| 111 | Rodosto03709094 · Construction | <0.1% | 41,100€ | No filing for 2024. | 8,295€ | 20.2% | 2 | 1,193€ |
| 112 | Sa-Si03535215 · Construction | <0.1% | 37,246€ | +308.2% | 8,449€ | 22.7% | 3 | 739€ |
| 113 | Turstrojservis02702908 · Construction | <0.1% | 37,149€ | +14.9% | 9,889€ | 26.6% | 2 | 675€ |
| 114 | Florina02855321 · Construction | <0.1% | 35,669€ | -57.3% | -22,088€ | -61.9% | 3 | 680€ |
| 115 | Prima Elektro02695642 · Construction | <0.1% | 35,326€ | +23.0% | 954€ | 2.7% | 2 | 639€ |
| 116 | Rakova Noga03272109 · Construction | <0.1% | 35,132€ | 0.0% | 4,592€ | 13.1% | 4 | — |
| 117 | Inicijal Projekt02707144 · Construction | <0.1% | 34,653€ | +890.7% | 830€ | 2.4% | 2 | 735€ |
| 118 | Novitović02409658 · Construction | <0.1% | 34,409€ | +57.6% | 302€ | 0.9% | 2 | 678€ |
| 119 | Brigs03760910 · Construction | <0.1% | 33,551€ | No filing for 2024. | 557€ | 1.7% | 2 | 625€ |
| 120 | Stalen03030776 · Construction | <0.1% | 31,488€ | -88.7% | -6,670€ | -21.2% | 1 | 1,605€ |
| 121 | Saas03035719 · Construction | <0.1% | 31,262€ | +13.6% | -6,852€ | -21.9% | 2 | 996€ |
| 122 | Neno Company03245217 · Construction | <0.1% | 30,450€ | -14.9% | 6,719€ | 22.1% | 1 | 962€ |
| 123 | Toronto03338878 · Construction | <0.1% | 30,000€ | +566.7% | 19,242€ | 64.1% | 1 | — |
| 124 | Šapić Gradnja03246680 · Construction | <0.1% | 28,160€ | +2.9% | 154€ | 0.5% | 3 | 730€ |
| 125 | Drišer03243630 · Construction | <0.1% | 27,956€ | +41.7% | -7,254€ | -25.9% | 2 | 749€ |
| 126 | HT Sistem03233979 · Construction | <0.1% | 27,626€ | -16.0% | -11,044€ | -40.0% | 1 | 678€ |
| 127 | Gradnja03591816 · Construction | <0.1% | 27,420€ | -49.5% | -26,281€ | -95.8% | 1 | 678€ |
| 128 | Aqua Boka03531635 · Construction | <0.1% | 26,447€ | -44.5% | 334€ | 1.3% | 1 | 1,783€ |
| 129 | Vest Company03696758 · Construction | <0.1% | 25,832€ | +427.2% | 3,362€ | 13.0% | 1 | 847€ |
| 130 | M&M Constructions03150194 · Construction | <0.1% | 25,828€ | -35.4% | 3,452€ | 13.4% | 2 | 678€ |
| 131 | Tomić02751933 · Construction | <0.1% | 25,772€ | -32.1% | -38,190€ | -148.2% | 5 | 884€ |
| 132 | Herc Gradnja CG03111229 · Construction | <0.1% | 23,000€ | -91.9% | -301,839€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 778€ |
| 133 | Ves Group03493725 · Construction | <0.1% | 22,777€ | -28.8% | -2,803€ | -12.3% | 2 | 811€ |
| 134 | Raičević Gradnja03544591 · Construction | <0.1% | 21,130€ | -31.0% | 824€ | 3.9% | 2 | 301€ |
| 135 | Gavrad Construction Company Montenegro02893118 · Construction | <0.1% | 20,433€ | -95.9% | -18,834€ | -92.2% | 1 | 2,600€ |
| 136 | Pituraš03413136 · Construction | <0.1% | 19,550€ | +174.4% | 3,682€ | 18.8% | 1 | 736€ |
| 137 | Skadar Mont02723212 · Construction | <0.1% | 18,000€ | +50.0% | -23,228€ | -129.0% | 2 | 671€ |
| 138 | DS Gradnja03787664 · Construction | <0.1% | 17,883€ | No filing for 2024. | -1,216€ | -6.8% | 3 | — |
| 139 | Doktor Moler03714969 · Construction | <0.1% | 17,177€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,399€ | -48.9% | 2 | 488€ |
| 140 | Gale M.G.03605728 · Construction | <0.1% | 16,650€ | +10.6% | -433€ | -2.6% | 2 | 678€ |
| 141 | Eko-Kika Gradnja03574962 · Construction | <0.1% | 16,600€ | +121.3% | 1,058€ | 6.4% | 1 | 678€ |
| 142 | Dupla Spirala03673235 · Construction | <0.1% | 16,317€ | 0.0% | -1,038€ | -6.4% | 2 | 471€ |
| 143 | Monteparus03659259 · Construction | <0.1% | 15,770€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 558€ | 3.5% | 1 | 880€ |
| 144 | Topprotect03768708 · Construction | <0.1% | 15,555€ | No filing for 2024. | 1,398€ | 9.0% | 1 | 525€ |
| 145 | Transworld03733629 · Construction | <0.1% | 15,000€ | No filing for 2024. | 6,995€ | 46.6% | 1 | 492€ |
| 146 | Andor03416828 · Construction | <0.1% | 14,708€ | +200.2% | -3,246€ | -22.1% | 2 | 684€ |
| 147 | SMD03487580 · Construction | <0.1% | 14,680€ | +52.0% | 1,720€ | 11.7% | 1 | 677€ |
| 148 | Strajko02643251 · Construction | <0.1% | 14,400€ | 0.0% | -21,127€ | -146.7% | 4 | 678€ |
| 149 | Polekhin03643808 · Construction | <0.1% | 13,629€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,703€ | -71.2% | 1 | 677€ |
| 150 | Intarma03208281 · Construction | <0.1% | 13,487€ | +60.8% | 3,781€ | 28.0% | 1 | 678€ |