Revenue
4.1% of Montenegro's revenue
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
4.1% of Montenegro's revenue
124.0 per 1,000 residents · Montenegro 57.3
Largest employer: Adriatic Marinas (212)
Total profit: 28.96m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
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 2,026
* 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 | Luštica Development02744597 · Hospitality | 12.5% | 90,337,909€ | +13.0% | 574,487€ | 0.6% | 116 | 5,223€ |
| 2 | PM 4.103269981 · Construction | 11.7% | 84,638,358€ | +388,220.6% | 10,960,607€ | 12.9% | 123 | 1,817€ |
| 3 | Adriatic Marinas02467593 · Arts & entertainment | 8.4% | 60,441,173€ | +39.2% | 12,941,550€ | 21.4% | 212 | 3,301€ |
| 4 | N.V.Besix S.A. Montenegro02945371 · Construction | 4.2% | 30,006,788€ | +38.5% | -2,902,179€ | -9.7% | 38 | 3,830€ |
| 5 | Ben -Kov02363747 · Trade | 1.7% | 12,214,464€ | +43.2% | 1,047,618€ | 8.6% | 16 | 1,464€ |
| 6 | Stolitomson Company03399575 · Technology | 1.7% | 12,059,648€ | -58.2% | 79,075€ | 0.7% | 2 | 13,467€ |
| 7 | PM Hotels02790220 · Administrative services | 1.6% | 11,321,219€ | +4.4% | 224,433€ | 2.0% | 186 | 1,968€ |
| 8 | I & S Team03050556 · Construction | 1.5% | 11,119,270€ | -42.4% | 1,189,192€ | 10.7% | 42 | 1,493€ |
| 9 | Petite Geneve Petrović Montenegro03176720 · Trade | 1.4% | 10,309,525€ | +7.1% | 1,639,608€ | 15.9% | 1 | 5,438€ |
| 10 | LB Town Management03327299 · Administrative services | 1.3% | 9,231,015€ | +2.3% | -864,677€ | -9.4% | 123 | 2,702€ |
| 11 | LB Hotels Management03201309 · Hospitality | 1.3% | 9,192,466€ | +8.5% | -1,870,926€ | -20.4% | 195 | 1,832€ |
| 12 | Adriatic Catering02971917 · Hospitality | 1.3% | 9,038,959€ | +64.4% | 447,397€ | 4.9% | 123 | 1,794€ |
| 13 | Montefish02327058 · Trade | 1.1% | 7,805,735€ | +26.3% | 408,861€ | 5.2% | 40 | 1,525€ |
| 14 | Primorje02008637 · Hospitality | 0.8% | 5,967,887€ | +58.7% | 1,911,561€ | 32.0% | 57 | 2,428€ |
| 15 | Noblewood Market03514889 · Trade | 0.8% | 5,612,784€ | +18.2% | 134,433€ | 2.4% | 40 | 8,281€ |
| 16 | Una02053489 · Manufacturing | 0.7% | 5,085,705€ | +0.3% | 160,730€ | 3.2% | 66 | 1,510€ |
| 17 | Milo&Chayse03346242 · Hospitality | 0.7% | 4,775,022€ | +27.6% | 1,216,391€ | 25.5% | 40 | 1,485€ |
| 18 | Navar Incorporated02346303 · Manufacturing | 0.7% | 4,724,508€ | -12.4% | 1,271,498€ | 26.9% | 37 | 2,610€ |
| 19 | Komunalno02295440 · Energy, water & waste | 0.6% | 4,550,720€ | +10.8% | 128,158€ | 2.8% | 178 | 1,283€ |
| 20 | Fashion Porto02654105 · Trade | 0.6% | 4,531,856€ | -7.2% | 188,407€ | 4.2% | 24 | 1,969€ |
| 21 | Aaa -1 Rent02720817 · Administrative services | 0.6% | 4,343,405€ | +6.6% | 400,105€ | 9.2% | 22 | 1,810€ |
| 22 | Jedinstvo02677865 · Construction | 0.5% | 3,934,586€ | +3.8% | 26,987€ | 0.7% | 7 | 1,003€ |
| 23 | Berba02811227 · Trade | 0.5% | 3,895,779€ | +3.3% | 217,629€ | 5.6% | 17 | 2,052€ |
| 24 | Genmont03368459 · Professional services | 0.5% | 3,705,549€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,389,001€ | 91.5% | 1 | 563€ |
| 25 | Vodovod i Kanalizacija02295407 · Energy, water & waste | 0.5% | 3,701,379€ | +14.7% | 38,813€ | 1.0% | 61 | 1,628€ |
| 26 | Montenegro Destinations02919095 · Administrative services | 0.5% | 3,627,485€ | -5.8% | 200,409€ | 5.5% | 16 | 1,746€ |
| 27 | Marković Grand Company02311020 · Trade | 0.5% | 3,614,666€ | +85.0% | 1,107,422€ | 30.6% | 54 | 1,191€ |
| 28 | Knightsbridge Schools Montenegro02799316 · Education | 0.5% | 3,592,954€ | -6.4% | 59,174€ | 1.6% | 58 | 2,615€ |
| 29 | Art-S-Design03129314 · Construction | 0.5% | 3,519,994€ | +336.6% | 773,175€ | 22.0% | 36 | 1,679€ |
| 30 | Boka Waves03289702 · Administrative services | 0.5% | 3,515,194€ | +21.9% | 468,723€ | 13.3% | 8 | 1,617€ |
| 31 | Kov - Car02884909 · Trade | 0.5% | 3,263,333€ | -24.6% | 121,612€ | 3.7% | 12 | 1,162€ |
| 32 | Sampetrol02412314 · Construction | 0.4% | 3,109,061€ | +37.2% | 95,798€ | 3.1% | 25 | 1,096€ |
| 33 | PM Power02790203 · Energy, water & waste | 0.4% | 3,090,236€ | +17.6% | 257,227€ | 8.3% | 4 | 5,093€ |
| 34 | Balance Ak03368955 · Professional services | 0.4% | 3,074,277€ | +1,168,826.6% | 2,908,552€ | 94.6% | 1 | 563€ |
| 35 | Excelsior03086941 · Trade | 0.4% | 3,062,885€ | +9.1% | 263,527€ | 8.6% | 6 | 909€ |
| 36 | Poen02629810 · Trade | 0.4% | 3,043,520€ | -4.1% | 197,299€ | 6.5% | 12 | 1,331€ |
| 37 | Pert02717999 · Trade | 0.4% | 2,959,511€ | +2.7% | 443,393€ | 15.0% | 12 | 967€ |
| 38 | A+ Yachting03180042 · Transport & logistics | 0.4% | 2,910,577€ | +81.9% | 25,453€ | 0.9% | 10 | 1,418€ |
| 39 | Autotamaris02132028 · Trade | 0.4% | 2,757,336€ | -3.7% | 18,940€ | 0.7% | 7 | 1,876€ |
| 40 | Food Style Mne02818124 · Hospitality | 0.4% | 2,749,909€ | -13.6% | 135,721€ | 4.9% | 43 | 1,482€ |
| 41 | MRM02810921 · Transport & logistics | 0.4% | 2,646,972€ | +147.8% | 167,983€ | 6.3% | 4 | 1,414€ |
| 42 | Pasta Fresca Mne03434338 · Hospitality | 0.4% | 2,641,881€ | +678.2% | 67,112€ | 2.5% | 43 | 1,690€ |
| 43 | Dobner03418499 · Trade | 0.4% | 2,636,199€ | -11.0% | 55,013€ | 2.1% | 5 | 2,213€ |
| 44 | Ohm Mamula Montenegro03095924 · Hospitality | 0.3% | 2,484,251€ | +56.7% | -3,483,042€ | -140.2% | 62 | 2,860€ |
| 45 | CG Investment02991837 · Real estate | 0.3% | 2,439,090€ | -28.7% | 1,902,215€ | 78.0% | 1 | 2,571€ |
| 46 | Network Communication02390663 · Technology | 0.3% | 2,424,333€ | +46.1% | 267,118€ | 11.0% | 30 | 1,031€ |
| 47 | Radovanović02225883 · Hospitality | 0.3% | 2,334,059€ | -1.5% | 233,686€ | 10.0% | 52 | 1,004€ |
| 48 | TCG Unique Properties03212769 · Real estate | 0.3% | 2,316,424€ | +16,990.3% | 620,116€ | 26.8% | 1 | — |
| 49 | Design Interni03014134 · Trade | 0.3% | 2,302,689€ | +87.6% | 61,648€ | 2.7% | 8 | 2,612€ |
| 50 | Namcom02395304 · Construction | 0.3% | 2,222,764€ | -38.9% | 185,404€ | 8.3% | 6 | 2,044€ |