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 2001–2050 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* |
|---|
| 2001 | Igorpek03400387 · Manufacturing | <0.1% | 137€ | -94.1% | -7,411€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 621€ |
| 2002 | Beli Labud03372979 · Trade | <0.1% | 134€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,816€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2003 | Bassmann03480615 · Arts & entertainment | <0.1% | 124€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,365€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 340€ |
| 2004 | Alfa Holding Group LTD03333558 · Professional services | <0.1% | 120€ | -99.4% | -6,030€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 358€ |
| 2005 | Ruzgar Company03613267 · Administrative services | <0.1% | 119€ | -90.8% | -28,346€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 1,026€ |
| 2006 | Dalgun Company03551962 · Trade | <0.1% | 111€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,278€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2007 | Mićko Post03808211 · Transport & logistics | <0.1% | 102€ | No filing for 2024. | -324€ | -317.6% | 1 | — |
| 2008 | Etalon Montenegro03551008 · Real estate | <0.1% | 100€ | -75.0% | -8,083€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2009 | Mironpak03153908 · Technology | <0.1% | 100€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,747€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 560€ |
| 2010 | Montehills02872854 · Real estate | <0.1% | 97€ | +9,600.0% | -4,221€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2011 | Kite Solutions03505278 · Trade | <0.1% | 69€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,489€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 679€ |
| 2012 | Destiz02981700 · Hospitality | <0.1% | 69€ | -100.0% | -17,109€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,080€ |
| 2013 | Meta Mne03406571 · Technology | <0.1% | 60€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,958€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 2014 | Putica Company03370399 · Transport & logistics | <0.1% | 59€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | -1.7% | 2 | — |
| 2015 | Neimarstvo02631628 · Construction | <0.1% | 50€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | 0.0% | 1 | — |
| 2016 | Koinvizyon03691896 · Construction | <0.1% | 50€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,415€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 742€ |
| 2017 | Faberlic-Action03374823 · Technology | <0.1% | 46€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,263€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2018 | Intelligent Voice Execution03426858 · Professional services | <0.1% | 41€ | -56.4% | -16,951€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 716€ |
| 2019 | Adriatik-Project02674556 · Professional services | <0.1% | 40€ | -99.3% | -6,341€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 2020 | Vlavin Real Estate B.V. - Holandija02712024 · Real estate | <0.1% | 33€ | -96.0% | -3,944€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2021 | Chednt03523012 · Technology | <0.1% | 27€ | +237.5% | -12,265€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 2022 | Octopus Montenegro03599060 · Construction | <0.1% | 21€ | -99.8% | -13,008€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 2023 | Ofek Consalting03116719 · Construction | <0.1% | 18€ | -99.9% | -7,223€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2024 | Vraxis03293688 · Technology | <0.1% | 7€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,389€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2025 | Aušra02640163 · Professional services | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,182€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 509€ |
| 2026 | Blue Ocean Investments02440504 · Professional services | <0.1% | 1€ | 0.0% | -12,298€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 924€ |
| 2027 | Boka Group02673959 · Construction | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,546€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 2028 | Dobar Sat02678063 · Real estate | <0.1% | 1€ | -98.9% | -14,995€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 2029 | Forte Mare Invest03058409 · Construction | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,039€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2030 | I Maks Group02930617 · Trade | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,121€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2031 | FTVJ03375668 · Professional services | <0.1% | 1€ | -100.0% | -9,256€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2032 | 7 Revenue Solutions03718450 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,882€ | — | 1 | 907€ |
| 2033 | Abc Development03396088 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,977€ | — | 1 | 929€ |
| 2034 | Ab Consulting03282783 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,952€ | — | 1 | 927€ |
| 2035 | Adria Serenity Invest03254879 · Construction | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2036 | Adriaticmed03274292 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,587€ | — | 1 | 781€ |
| 2037 | Alex Co02834138 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2038 | Beatitudinem Company03264041 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 2039 | Beau West03178340 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 2040 | Belavista Film03678270 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,029€ | — | 1 | — |
| 2041 | Bella Adria Real Estate and Construction03383644 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,593€ | — | 1 | 572€ |
| 2042 | Bino Auto Servis03745538 · Trade | 0.0% | 0€ | No filing for 2024. | -600€ | — | 1 | — |
| 2043 | Biotec Montenegro02686279 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,381€ | — | 1 | 675€ |
| 2044 | Bird Commerce02124203 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -697€ | — | 1 | — |
| 2045 | BNP Company03152090 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 2046 | Boka Green03524744 · Hospitality | 0.0% | 0€ | -100.0% | -24,341€ | — | 2 | 929€ |
| 2047 | Boka Visit03483754 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,755€ | — | 1 | 339€ |
| 2048 | Brenting03132161 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 2049 | Brighton Beach03394808 · Technology | 0.0% | 0€ | -100.0% | -13,931€ | — | 1 | 1,128€ |
| 2050 | B-Roll Market03380319 · Administrative services | 0.0% | 0€ | -100.0% | -4,299€ | — | 1 | 339€ |