Revenue
55.0% of Montenegro's revenue
12,148 companies earned 9.71b€ in 2025, 55.0% of all company revenue in Montenegro. It ranks 1 of 25 municipalities by revenue. Revenue has grown 2.7× since 2015.
55.0% of Montenegro's revenue
67.7 per 1,000 residents · Montenegro 57.3
Largest employer: Idea - CG (2,426)
Total profit: 748.64m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,587,068,765€ | 5,044 |
| 2016 | 4,096,949,470€ | 5,487 |
| 2017 | 4,709,755,484€ | 6,109 |
| 2018 | 5,118,600,583€ | 6,927 |
| 2019 | 5,323,922,814€ | 7,518 |
| 2020 | 4,709,522,069€ | 8,027 |
| 2021 | 5,608,587,707€ | 8,567 |
| 2022 | 6,799,397,294€ | 9,638 |
| 2023 | 8,203,771,212€ | 11,057 |
| 2024 | 8,801,908,063€ | 11,952 |
| 2025 (Preliminary) | 9,708,565,989€ | 12,148 |
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 1–50 of 718
* 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* |
|---|
| 1 | Hemomont02204185 · Manufacturing | 0.5% | 44,340,351€ | +12.2% | 974,179€ | 2.2% | 254 | 1,803€ |
| 2 | Panvel02075512 · Manufacturing | 0.3% | 26,271,981€ | +22.0% | 440,919€ | 1.7% | 108 | 1,875€ |
| 3 | J & J Company02457563 · Manufacturing | 0.1% | 13,340,943€ | +10.2% | 1,713,397€ | 12.8% | 49 | 921€ |
| 4 | Mokamard02247518 · Manufacturing | 0.1% | 13,114,196€ | +37.2% | 1,415,196€ | 10.8% | 15 | 1,013€ |
| 5 | Metron03054730 · Manufacturing | <0.1% | 9,234,756€ | +5.9% | 250,535€ | 2.7% | 34 | 1,193€ |
| 6 | Formal02712741 · Manufacturing | <0.1% | 8,661,106€ | +14.5% | 1,583,903€ | 18.3% | 19 | 1,102€ |
| 7 | Inpek02016052 · Manufacturing | <0.1% | 7,878,140€ | +8.8% | 212,259€ | 2.7% | 84 | 877€ |
| 8 | Shamade-Co02153149 · Manufacturing | <0.1% | 7,612,593€ | +10.4% | 48,874€ | 0.6% | 53 | 713€ |
| 9 | Stratus02076195 · Manufacturing | <0.1% | 6,920,282€ | +8.9% | 345,593€ | 5.0% | 52 | 1,148€ |
| 10 | Bekom Co02330342 · Manufacturing | <0.1% | 5,649,351€ | -14.9% | 278,571€ | 4.9% | 81 | 315€ |
| 11 | Nordex Montenegro03694615 · Manufacturing | <0.1% | 4,882,913€ | +37,560,769.2% | -50,898€ | -1.0% | 1 | 1,344€ |
| 12 | Fab Live02238942 · Manufacturing | <0.1% | 4,861,625€ | +278.1% | 402,310€ | 8.3% | 23 | 593€ |
| 13 | Viral02707217 · Manufacturing | <0.1% | 4,610,945€ | +20.5% | 890,139€ | 19.3% | 30 | 1,370€ |
| 14 | Rich Group02943999 · Manufacturing | <0.1% | 4,530,322€ | +34.0% | 535,724€ | 11.8% | 34 | 1,322€ |
| 15 | Red Commerce02391678 · Manufacturing | <0.1% | 4,429,263€ | -77.9% | -1,010,285€ | -22.8% | 39 | 1,222€ |
| 16 | Mokafine03320243 · Manufacturing | <0.1% | 4,099,843€ | +49.2% | 134,972€ | 3.3% | 10 | 783€ |
| 17 | Europe Marine Shiprepair03186261 · Manufacturing | <0.1% | 3,692,328€ | -28.5% | 24,001€ | 0.7% | 2 | 892€ |
| 18 | Diamond Pak02961857 · Manufacturing | <0.1% | 3,486,811€ | +23.6% | 453,577€ | 13.0% | 58 | 1,088€ |
| 19 | Tring02281899 · Manufacturing | <0.1% | 3,348,492€ | +8.9% | 73,268€ | 2.2% | 25 | 1,450€ |
| 20 | Falcon Group02864851 · Manufacturing | <0.1% | 3,263,364€ | -6.4% | 141,267€ | 4.3% | 42 | 691€ |
| 21 | Voith Hydro GMBH & Co KG - Predstavništvo u Podgorici02730448 · Manufacturing | <0.1% | 3,174,345€ | +21.3% | 263,609€ | 8.3% | 1 | 12,498€ |
| 22 | Hemik Trade03469875 · Manufacturing | <0.1% | 3,127,416€ | +7.3% | 491,600€ | 15.7% | 20 | 1,999€ |
| 23 | Kone02958554 · Manufacturing | <0.1% | 3,103,536€ | +16.9% | 186,594€ | 6.0% | 11 | 1,809€ |
| 24 | Aqua Bianca02448718 · Manufacturing | <0.1% | 2,826,487€ | +6.4% | 402,480€ | 14.2% | 29 | 1,391€ |
| 25 | Algoritam02673894 · Manufacturing | <0.1% | 2,801,580€ | +4.7% | 18,312€ | 0.7% | 64 | 1,235€ |
| 26 | Ge Vernova Montenegro03081028 · Manufacturing | <0.1% | 2,440,009€ | +4.6% | 118,823€ | 4.9% | 5 | 3,288€ |
| 27 | Pro Arm03177505 · Manufacturing | <0.1% | 2,417,984€ | -53.8% | -464,539€ | -19.2% | 17 | 1,231€ |
| 28 | Grand Design02762340 · Manufacturing | <0.1% | 2,413,639€ | +16.8% | 4,393€ | 0.2% | 4 | 3,341€ |
| 29 | Rudo Montenegro02691671 · Manufacturing | <0.1% | 2,389,378€ | +0.3% | 195,299€ | 8.2% | 19 | 2,637€ |
| 30 | Golbi02311160 · Manufacturing | <0.1% | 2,347,860€ | +40.3% | 549,613€ | 23.4% | 20 | 1,240€ |
| 31 | Art Beton Co02272296 · Manufacturing | <0.1% | 2,189,412€ | +5.5% | 93,775€ | 4.3% | 45 | 804€ |
| 32 | Aluvent02452332 · Manufacturing | <0.1% | 2,165,074€ | +49.1% | 326,176€ | 15.1% | 10 | 927€ |
| 33 | Rekant03156877 · Manufacturing | <0.1% | 2,036,904€ | +17.8% | 200,070€ | 9.8% | 28 | 724€ |
| 34 | Monte Delicius02941864 · Manufacturing | <0.1% | 1,978,106€ | -8.7% | 46,227€ | 2.3% | 9 | 1,350€ |
| 35 | Enterex02894076 · Manufacturing | <0.1% | 1,950,814€ | +25.7% | 324,966€ | 16.7% | 20 | 810€ |
| 36 | DR - Trade02125790 · Manufacturing | <0.1% | 1,861,830€ | -11.2% | 107,607€ | 5.8% | 20 | 1,272€ |
| 37 | Skladišna Logistika03134881 · Manufacturing | <0.1% | 1,792,476€ | +61.2% | 176,595€ | 9.9% | 7 | 1,468€ |
| 38 | Luniano03017974 · Manufacturing | <0.1% | 1,779,856€ | +14.7% | 79,344€ | 4.5% | 33 | 704€ |
| 39 | Vulin02193965 · Manufacturing | <0.1% | 1,765,168€ | +95.3% | 45,202€ | 2.6% | 8 | 939€ |
| 40 | Vagar02107171 · Manufacturing | <0.1% | 1,663,405€ | +32.0% | 85,631€ | 5.1% | 11 | 1,882€ |
| 41 | Radinović Company02636573 · Manufacturing | <0.1% | 1,635,173€ | +15.9% | 119,508€ | 7.3% | 10 | 664€ |
| 42 | Montcarton02244136 · Manufacturing | <0.1% | 1,633,101€ | +9.1% | 251,810€ | 15.4% | 16 | 1,005€ |
| 43 | Euro Enterijer02947226 · Manufacturing | <0.1% | 1,576,717€ | +15.9% | 88,619€ | 5.6% | 12 | 685€ |
| 44 | Alu & PVC Milačić03092313 · Manufacturing | <0.1% | 1,521,002€ | +92.8% | 49,127€ | 3.2% | 9 | 736€ |
| 45 | Novi Sjever Mont03288650 · Manufacturing | <0.1% | 1,348,078€ | -58.0% | 20,396€ | 1.5% | 7 | 1,800€ |
| 46 | Miacom03216900 · Manufacturing | <0.1% | 1,337,696€ | +21.4% | 152,280€ | 11.4% | 4 | 2,403€ |
| 47 | Grafo Group02957574 · Manufacturing | <0.1% | 1,311,258€ | +17.6% | 45,617€ | 3.5% | 15 | 1,042€ |
| 48 | Đ&M03028941 · Manufacturing | <0.1% | 1,304,972€ | +8.1% | 214,597€ | 16.4% | 8 | 2,510€ |
| 49 | Pal03213501 · Manufacturing | <0.1% | 1,298,845€ | +61.9% | 124,479€ | 9.6% | 5 | 2,471€ |
| 50 | Termoelektro-Mont02303124 · Manufacturing | <0.1% | 1,202,292€ | -11.3% | 246,432€ | 20.5% | 23 | 2,039€ |