Revenue
0.7% of Montenegro's revenue
584 companies earned 118.76m€ in 2025, 0.7% of all company revenue in Montenegro. It ranks 16 of 25 municipalities by revenue. Revenue has grown 3.1× since 2015.
0.7% of Montenegro's revenue
25.2 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno (81)
Total profit: 5.28m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 38,552,128€ | 287 |
| 2016 | 42,309,475€ | 311 |
| 2017 | 47,646,599€ | 336 |
| 2018 | 53,760,054€ | 364 |
| 2019 | 62,602,097€ | 388 |
| 2020 | 62,047,287€ | 433 |
| 2021 | 71,865,795€ | 468 |
| 2022 | 90,662,053€ | 491 |
| 2023 | 98,498,899€ | 537 |
| 2024 | 105,762,314€ | 595 |
| 2025 (Preliminary) | 118,760,581€ | 584 |
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 584
* 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 | Elkos02278758 · Trade | 11.4% | 13,575,438€ | +9.0% | 712,300€ | 5.2% | 80 | 795€ |
| 2 | Tofi02066769 · Mining | 9.1% | 10,831,357€ | +13.8% | 2,349,071€ | 21.7% | 42 | 1,099€ |
| 3 | Sef-Trans02462184 · Transport & logistics | 7.2% | 8,546,099€ | -1.6% | 424,014€ | 5.0% | 30 | 1,294€ |
| 4 | Impex Montenegro03093603 · Trade | 3.7% | 4,355,461€ | +48.8% | 325,954€ | 7.5% | 6 | 1,529€ |
| 5 | Dalas-Namještaj03145379 · Trade | 3.2% | 3,806,783€ | +46.4% | 381,247€ | 10.0% | 17 | 731€ |
| 6 | Kvatro-RH02382997 · Mining | 3.0% | 3,557,341€ | +32.6% | 404,268€ | 11.4% | 33 | 1,147€ |
| 7 | Mondeel03390438 · Trade | 2.9% | 3,475,477€ | +47.0% | 295,611€ | 8.5% | 3 | 2,042€ |
| 8 | Barmahala02082381 · Trade | 2.2% | 2,615,181€ | +6.1% | 158,398€ | 6.1% | 12 | 1,312€ |
| 9 | Aldi02457873 · Manufacturing | 1.8% | 2,142,605€ | +5.0% | 2,282€ | 0.1% | 24 | 772€ |
| 10 | Wahels02638622 · Manufacturing | 1.8% | 2,142,123€ | +27.7% | 36,848€ | 1.7% | 14 | 775€ |
| 11 | Point M02661233 · Trade | 1.7% | 2,010,744€ | +47.0% | 468,780€ | 23.3% | 9 | 638€ |
| 12 | Interfood 3502310104 · Agriculture | 1.4% | 1,667,880€ | +5.8% | 12,543€ | 0.8% | 32 | 1,063€ |
| 13 | Hodesa03138542 · Manufacturing | 1.4% | 1,616,526€ | +33.9% | 110,190€ | 6.8% | 12 | 1,129€ |
| 14 | Sloga02044927 · Manufacturing | 1.3% | 1,534,877€ | -7.8% | 34,957€ | 2.3% | 14 | 2,011€ |
| 15 | Lara Pharm03362558 · Trade | 1.3% | 1,525,272€ | +7.1% | 27,251€ | 1.8% | 11 | 1,124€ |
| 16 | Mikromont Plus02832399 · Trade | 1.3% | 1,511,466€ | +38.7% | 152,894€ | 10.1% | 20 | 811€ |
| 17 | Timber King Montenegro03077381 · Manufacturing | 1.1% | 1,276,548€ | -12.9% | 37,405€ | 2.9% | 43 | 697€ |
| 18 | Mega - International02448912 · Transport & logistics | 1.0% | 1,222,349€ | +26.1% | 161,052€ | 13.2% | 12 | 611€ |
| 19 | Dik02161591 · Professional services | 0.9% | 1,120,371€ | -1.9% | -50,508€ | -4.5% | 11 | 1,044€ |
| 20 | Komunalno02776138 · Energy, water & waste | 0.9% | 1,088,532€ | +4.9% | -90,400€ | -8.3% | 81 | 979€ |
| 21 | Zijo02739844 · Trade | 0.9% | 1,077,140€ | +31.8% | 193,391€ | 18.0% | 6 | 683€ |
| 22 | Erdankomerc02641143 · Transport & logistics | 0.9% | 1,075,917€ | +34.5% | 78,997€ | 7.3% | 10 | 1,514€ |
| 23 | Immes03250580 · Manufacturing | 0.9% | 1,033,390€ | +107.1% | 36,956€ | 3.6% | 5 | 1,024€ |
| 24 | Kamenuša03195694 · Manufacturing | 0.8% | 961,601€ | +2.4% | 5,099€ | 0.5% | 30 | 447€ |
| 25 | Šekom02440202 · Manufacturing | 0.8% | 901,266€ | -3.7% | 57,456€ | 6.4% | 34 | 722€ |
| 26 | Ak-Invest03410692 · Construction | 0.7% | 857,924€ | +30.1% | 242,534€ | 28.3% | 1 | 1,358€ |
| 27 | Naša Trgovina03531376 · Trade | 0.7% | 828,202€ | +0.4% | 12,227€ | 1.5% | 11 | 716€ |
| 28 | Kardović Pharm03079368 · Trade | 0.7% | 822,988€ | -1.9% | 42,478€ | 5.2% | 10 | 953€ |
| 29 | Vodovod i Kanalizacija02776146 · Energy, water & waste | 0.7% | 773,032€ | +13.8% | 4,671€ | 0.6% | 42 | 1,149€ |
| 30 | Apoteka-Med03367819 · Trade | 0.6% | 737,765€ | +13.7% | 11,579€ | 1.6% | 7 | 1,139€ |
| 31 | Imgradina03006107 · Manufacturing | 0.6% | 726,723€ | -27.2% | -48,734€ | -6.7% | 2 | 496€ |
| 32 | Bralić Company02381362 · Manufacturing | 0.6% | 669,218€ | -16.5% | 7,505€ | 1.1% | 17 | 799€ |
| 33 | Kemy - Comerc 202638614 · Trade | 0.6% | 657,370€ | +31.5% | 29,931€ | 4.6% | 3 | 2,083€ |
| 34 | Zorotrade02704757 · Manufacturing | 0.5% | 645,142€ | +55.8% | 4,381€ | 0.7% | 18 | 999€ |
| 35 | Ze Trans03249794 · Transport & logistics | 0.5% | 640,560€ | +81.2% | 2,940€ | 0.5% | 7 | 1,829€ |
| 36 | Trans Comerc Ii02695111 · Manufacturing | 0.5% | 598,736€ | +71.3% | 3,399€ | 0.6% | 1 | 676€ |
| 37 | Šumski Plodovi02981688 · Agriculture | 0.5% | 547,740€ | +29.4% | 5,295€ | 1.0% | 4 | 640€ |
| 38 | Delta - Comerc02390027 · Manufacturing | 0.5% | 547,061€ | +75.3% | -44,709€ | -8.2% | 26 | 962€ |
| 39 | Dobitak02461056 · Manufacturing | 0.5% | 545,310€ | +10.9% | 42,849€ | 7.9% | 13 | 607€ |
| 40 | HND Promet02444585 · Trade | 0.5% | 541,762€ | +48.3% | 9,028€ | 1.7% | 3 | 854€ |
| 41 | Sead Trans03122824 · Transport & logistics | 0.4% | 519,166€ | -37.1% | 4,495€ | 0.9% | 4 | 1,637€ |
| 42 | M-Migros03032019 · Trade | 0.4% | 512,253€ | +31.0% | 33,769€ | 6.6% | 4 | 1,208€ |
| 43 | Dallas Mont02892499 · Trade | 0.4% | 502,822€ | +6.4% | 5,211€ | 1.0% | 6 | 807€ |
| 44 | 4 D03545946 · Manufacturing | 0.4% | 473,614€ | +67.9% | 39,169€ | 8.3% | 4 | 911€ |
| 45 | Jela - Komerc02433826 · Manufacturing | 0.4% | 460,159€ | +81.4% | -9,309€ | -2.0% | 10 | 880€ |
| 46 | H - Domus03122875 · Manufacturing | 0.4% | 458,379€ | -4.2% | 14,268€ | 3.1% | 9 | 1,059€ |
| 47 | Radio Televizija Rožaje02288699 · Arts & entertainment | 0.4% | 454,108€ | +79.6% | 129,051€ | 28.4% | 26 | 947€ |
| 48 | Gradnja Lux Mne03379817 · Construction | 0.4% | 437,351€ | +733.8% | 40,781€ | 9.3% | 7 | 572€ |
| 49 | Fresh Milk02461129 · Trade | 0.4% | 423,085€ | +10.6% | 44,594€ | 10.5% | 5 | 828€ |
| 50 | Creative02733544 · Manufacturing | 0.3% | 414,182€ | +2.6% | 44,828€ | 10.8% | 9 | 956€ |