Revenue
8.1% of Montenegro's revenue
2,600 companies earned 1.43b€ in 2025, 8.1% of all company revenue in Montenegro. It ranks 3 of 18 sectors by revenue. Revenue has grown 2.2× since 2015.
8.1% of Montenegro's revenue
1,157 with at most one employee
Largest employer: Meso-Promet (637)
Total profit: 82.14m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 652,001,526€ | 1,335 |
| 2016 | 664,144,843€ | 1,422 |
| 2017 | 765,142,727€ | 1,550 |
| 2018 | 794,303,168€ | 1,665 |
| 2019 | 830,768,060€ | 1,766 |
| 2020 | 777,390,153€ | 1,900 |
| 2021 | 917,603,355€ | 2,006 |
| 2022 | 1,196,086,350€ | 2,178 |
| 2023 | 1,235,336,335€ | 2,409 |
| 2024 | 1,365,897,940€ | 2,543 |
| 2025 (Preliminary) | 1,426,505,421€ | 2,600 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–100 of 2,600
* 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 →
Totals include 93 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Mondal Industrija03103919 · Danilovgrad | 0.4% | 5,216,333€ | +280.0% | 109,748€ | 2.1% | 31 | 2,308€ |
| 52 | Nani-Prom02445964 · Cetinje | 0.4% | 5,088,366€ | -11.4% | 135,447€ | 2.7% | 20 | 1,012€ |
| 53 | Una02053489 · Tivat | 0.4% | 5,085,705€ | +0.3% | 160,730€ | 3.2% | 66 | 1,510€ |
| 54 | Nordex Montenegro03694615 · Podgorica | 0.3% | 4,882,913€ | +37,560,769.2% | -50,898€ | -1.0% | 1 | 1,344€ |
| 55 | Fab Live02238942 · Podgorica | 0.3% | 4,861,625€ | +278.1% | 402,310€ | 8.3% | 23 | 593€ |
| 56 | Navar Incorporated02346303 · Tivat | 0.3% | 4,724,508€ | -12.4% | 1,271,498€ | 26.9% | 37 | 2,610€ |
| 57 | Nikšićki Mlin02048094 · Nikšić | 0.3% | 4,614,603€ | +608.3% | -909,942€ | -19.7% | 5 | 1,694€ |
| 58 | Viral02707217 · Podgorica | 0.3% | 4,610,945€ | +20.5% | 890,139€ | 19.3% | 30 | 1,370€ |
| 59 | Rich Group02943999 · Podgorica | 0.3% | 4,530,322€ | +34.0% | 535,724€ | 11.8% | 34 | 1,322€ |
| 60 | Miranis Vujović02356376 · Nikšić | 0.3% | 4,451,534€ | +27.3% | 280,804€ | 6.3% | 46 | 1,017€ |
| 61 | Red Commerce02391678 · Podgorica | 0.3% | 4,429,263€ | -77.9% | -1,010,285€ | -22.8% | 39 | 1,222€ |
| 62 | VTN - Elektro02458942 · Bar | 0.3% | 4,369,164€ | +23.9% | 191,050€ | 4.4% | 9 | 1,215€ |
| 63 | Mokafine03320243 · Podgorica | 0.3% | 4,099,843€ | +49.2% | 134,972€ | 3.3% | 10 | 783€ |
| 64 | Montstate02121581 · Cetinje | 0.3% | 4,002,928€ | -15.5% | 77,148€ | 1.9% | 15 | 929€ |
| 65 | VHM Solutions02283441 · Nikšić | 0.3% | 3,892,324€ | -48.0% | 572,207€ | 14.7% | 124 | 1,137€ |
| 66 | FML03076792 · Nikšić | 0.3% | 3,814,490€ | +3.3% | 39,490€ | 1.0% | 31 | 975€ |
| 67 | Europe Marine Shiprepair03186261 · Podgorica | 0.3% | 3,692,328€ | -28.5% | 24,001€ | 0.7% | 2 | 892€ |
| 68 | Mi-Burko03036057 · Bijelo Polje | 0.3% | 3,630,830€ | +13.6% | 83,349€ | 2.3% | 24 | 685€ |
| 69 | Boster03024873 · Nikšić | 0.3% | 3,607,809€ | -20.8% | 380,423€ | 10.5% | 12 | 2,928€ |
| 70 | Garmin02453479 · Danilovgrad | 0.3% | 3,598,909€ | +7.9% | 491,873€ | 13.7% | 27 | 1,447€ |
| 71 | Interproduct02272652 · Cetinje | 0.2% | 3,515,811€ | +1.3% | 121,371€ | 3.5% | 14 | 1,073€ |
| 72 | Diamond Pak02961857 · Podgorica | 0.2% | 3,486,811€ | +23.6% | 453,577€ | 13.0% | 58 | 1,088€ |
| 73 | Imperijal02307642 · Bijelo Polje | 0.2% | 3,479,558€ | +14.5% | 290,624€ | 8.4% | 42 | 961€ |
| 74 | Uniprom Pekara02453835 · Nikšić | 0.2% | 3,472,063€ | +4.6% | 119,853€ | 3.5% | 54 | 1,033€ |
| 75 | Per Aqua03130398 · Šavnik | 0.2% | 3,467,391€ | +15.8% | 136,974€ | 4.0% | 5 | 2,098€ |
| 76 | Alumil02299852 · Ulcinj | 0.2% | 3,380,876€ | +15.8% | 54,495€ | 1.6% | 13 | 721€ |
| 77 | Tring02281899 · Podgorica | 0.2% | 3,348,492€ | +8.9% | 73,268€ | 2.2% | 25 | 1,450€ |
| 78 | Falcon Group02864851 · Podgorica | 0.2% | 3,263,364€ | -6.4% | 141,267€ | 4.3% | 42 | 691€ |
| 79 | Svaki Dan03036243 · Nikšić | 0.2% | 3,216,011€ | +34.8% | 89,634€ | 2.8% | 115 | 1,090€ |
| 80 | Voith Hydro GMBH & Co KG - Predstavništvo u Podgorici02730448 · Podgorica | 0.2% | 3,174,345€ | +21.3% | 263,609€ | 8.3% | 1 | 12,498€ |
| 81 | G M G Montenegro02330890 · Danilovgrad | 0.2% | 3,160,637€ | +17.1% | 276,058€ | 8.7% | 13 | 1,062€ |
| 82 | Hemik Trade03469875 · Podgorica | 0.2% | 3,127,416€ | +7.3% | 491,600€ | 15.7% | 20 | 1,999€ |
| 83 | Kone02958554 · Podgorica | 0.2% | 3,103,536€ | +16.9% | 186,594€ | 6.0% | 11 | 1,809€ |
| 84 | Ami02086727 · Bijelo Polje | 0.2% | 2,893,497€ | +8.5% | 53,968€ | 1.9% | 16 | 846€ |
| 85 | Doding02106183 · Danilovgrad | 0.2% | 2,891,198€ | +11.2% | 65,867€ | 2.3% | 78 | 665€ |
| 86 | Design Home03023087 · Bijelo Polje | 0.2% | 2,868,085€ | +13.1% | 356,424€ | 12.4% | 32 | 763€ |
| 87 | Aqua Bianca02448718 · Podgorica | 0.2% | 2,826,487€ | +6.4% | 402,480€ | 14.2% | 29 | 1,391€ |
| 88 | Crnagoracoop NB02425785 · Danilovgrad | 0.2% | 2,812,864€ | +46.2% | 20,360€ | 0.7% | 20 | 781€ |
| 89 | Algoritam02673894 · Podgorica | 0.2% | 2,801,580€ | +4.7% | 18,312€ | 0.7% | 64 | 1,235€ |
| 90 | Roto - Term03226441 · Pljevlja | 0.2% | 2,767,758€ | +5.8% | 160,709€ | 5.8% | 23 | 1,678€ |
| 91 | Šišković02194619 · Danilovgrad | 0.2% | 2,735,304€ | +6.5% | 601,478€ | 22.0% | 70 | 1,038€ |
| 92 | Niksen-Čavor02386194 · Kotor | 0.2% | 2,683,099€ | +84.9% | 9,826€ | 0.4% | 30 | 644€ |
| 93 | Jasen02354721 · Pljevlja | 0.2% | 2,559,376€ | +18.7% | 42,915€ | 1.7% | 34 | 778€ |
| 94 | Maljat Stone02000466 · Danilovgrad | 0.2% | 2,513,295€ | +19.0% | 371,852€ | 14.8% | 66 | 1,350€ |
| 95 | Gora Stil02358239 · Zeta | 0.2% | 2,493,570€ | +19.0% | 146,977€ | 5.9% | 34 | 970€ |
| 96 | Global Industrial Solutions03112497 · Bijelo Polje | 0.2% | 2,478,734€ | -24.7% | 370,739€ | 15.0% | 9 | 1,680€ |
| 97 | Ge Vernova Montenegro03081028 · Podgorica | 0.2% | 2,440,009€ | +4.6% | 118,823€ | 4.9% | 5 | 3,288€ |
| 98 | Mianja02365987 · Cetinje | 0.2% | 2,434,446€ | +9.1% | 106,226€ | 4.4% | 27 | 906€ |
| 99 | Pro Arm03177505 · Podgorica | 0.2% | 2,417,984€ | -53.8% | -464,539€ | -19.2% | 17 | 1,231€ |
| 100 | Grand Design02762340 · Podgorica | 0.2% | 2,413,639€ | +16.8% | 4,393€ | 0.2% | 4 | 3,341€ |