Revenue
3.1% of sector revenue
132 companies earned 43.62m€ in 2025, 3.1% of Manufacturing sector revenue. Revenue has grown 2.1× since 2015.
3.1% of sector revenue
70 with at most one employee
Largest employer: VHM Solutions (124)
Median company 1.4% · 45% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 51–100 of 132
* 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 →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 20,406,948€ | 72 |
| 2016 | 24,347,292€ | 74 |
| 2017 | 27,428,542€ | 83 |
| 2018 | 29,502,771€ | 84 |
| 2019 | 34,465,727€ | 86 |
| 2020 | 30,406,880€ | 93 |
| 2021 | 30,633,561€ | 98 |
| 2022 | 35,903,469€ | 107 |
| 2023 | 40,577,470€ | 121 |
| 2024 | 39,999,430€ | 125 |
| 2025 (Preliminary) | 43,617,383€ | 132 |
Employees and payroll cost per employee per month*
<0.1% |
| 35,160€ |
| -41.7% |
| -6,120€ |
| -17.4% |
| 2 |
| 859€ |
| 53 | Navaka03670899 · Nikšić | <0.1% | 33,797€ | +275.4% | 5,227€ | 15.5% | 2 | 966€ |
| 54 | Miko Art Wood03333094 · Herceg Novi | <0.1% | 32,358€ | +48.2% | -2,745€ | -8.5% | 2 | 509€ |
| 55 | Stolarija Trio03705633 · Bijelo Polje | <0.1% | 30,731€ | +3,997.5% | 8,830€ | 28.7% | 2 | 619€ |
| 56 | Master Ent03249166 · Podgorica | <0.1% | 30,311€ | +165.0% | 3,538€ | 11.7% | 1 | 1,037€ |
| 57 | Šamil03376613 · Šavnik | <0.1% | 29,195€ | -31.8% | -6,665€ | -22.8% | 2 | 478€ |
| 58 | Rumeli03244237 · Rožaje | <0.1% | 28,804€ | +19.5% | 2,438€ | 8.5% | 3 | 675€ |
| 59 | Ap Holding03091597 · Podgorica | <0.1% | 28,552€ | +166.2% | 6,100€ | 21.4% | 1 | 426€ |
| 60 | ND Sistem03240991 · Berane | <0.1% | 28,380€ | +164.2% | 2,135€ | 7.5% | 1 | 1,521€ |
| 61 | Marless03539083 · Herceg Novi | <0.1% | 27,633€ | -61.3% | -23,201€ | -84.0% | 2 | 678€ |
| 62 | Mobi - San02730740 · Rožaje | <0.1% | 26,788€ | +85.9% | -1,967€ | -7.3% | 1 | 674€ |
| 63 | Monte RS03299643 · Rožaje | <0.1% | 26,653€ | -28.2% | 237€ | 0.9% | 2 | 934€ |
| 64 | Desla03393810 · Nikšić | <0.1% | 26,602€ | -9.2% | 195€ | 0.7% | 2 | 397€ |
| 65 | BS Plast Company03387356 · Danilovgrad | <0.1% | 25,959€ | +129.1% | -9,088€ | -35.0% | 1 | 464€ |
| 66 | Sekulić Namještaj03250571 · Tivat | <0.1% | 25,916€ | +68.9% | 603€ | 2.3% | 2 | 707€ |
| 67 | Hika03049884 · Bijelo Polje | <0.1% | 24,191€ | +36.2% | -7,741€ | -32.0% | 2 | 421€ |
| 68 | Drvosan Mne03595021 · Tuzi | <0.1% | 22,431€ | +66.0% | -2,130€ | -9.5% | 2 | 675€ |
| 69 | Kapetanović-Kea03077632 · Bijelo Polje | <0.1% | 21,579€ | +10.7% | -1,175€ | -5.4% | 2 | 675€ |
| 70 | A&S Company03105105 · Cetinje | <0.1% | 21,384€ | -64.6% | 1,099€ | 5.1% | 1 | — |
| 71 | Lux KM03588785 · Rožaje | <0.1% | 20,945€ | -68.4% | -3,457€ | -16.5% | 1 | 675€ |
| 72 | Sobna Vrata03537226 · Bijelo Polje | <0.1% | 20,908€ | -31.0% | 659€ | 3.2% | 2 | 690€ |
| 73 | MSC Wood03292797 · Nikšić | <0.1% | 20,760€ | -0.6% | 64€ | 0.3% | 1 | 800€ |
| 74 | Agate Mne03718077 · Tuzi | <0.1% | 19,507€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,233€ | 42.2% | 1 | — |
| 75 | Prozori i Vrata03003272 · Berane | <0.1% | 17,842€ | -71.3% | -34,601€ | -193.9% | 4 | 945€ |
| 76 | Nino Design02648393 · Nikšić | <0.1% | 17,811€ | -66.3% | 396€ | 2.2% | 1 | 575€ |
| 77 | Maxpel03251276 · Rožaje | <0.1% | 17,360€ | -32.2% | -8,823€ | -50.8% | 1 | 1,881€ |
| 78 | Stane Company03335615 · Danilovgrad | <0.1% | 16,621€ | -21.1% | -5,450€ | -32.8% | 1 | 929€ |
| 79 | Holz-Mne03531074 · Bijelo Polje | <0.1% | 16,160€ | +60.9% | -6,077€ | -37.6% | 2 | 653€ |
| 80 | VS&NT Wood03304663 · Kotor | <0.1% | 16,000€ | +15.8% | -7,150€ | -44.7% | 1 | 1,025€ |
| 81 | Olav Olive Wood Montenegro03434427 · Bar | <0.1% | 15,623€ | -15.6% | -699€ | -4.5% | 2 | 537€ |
| 82 | Stefan Mont02467917 · Berane | <0.1% | 13,968€ | -79.5% | -4,418€ | -31.6% | 2 | 675€ |
| 83 | Initium Novum03668509 · Nikšić | <0.1% | 13,822€ | +235.3% | -1,901€ | -13.8% | 1 | 1,261€ |
| 84 | Krafterija03570452 · Podgorica | <0.1% | 12,284€ | +133.8% | 4,463€ | 36.3% | 1 | 562€ |
| 85 | Art Jošanović02888483 · Nikšić | <0.1% | 11,182€ | +70.7% | 382€ | 3.4% | 1 | 678€ |
| 86 | Timber Homes03405109 · Kolašin | <0.1% | 10,904€ | +497.8% | -2,642€ | -24.2% | 1 | — |
| 87 | Drvo Ljubavi03596184 · Podgorica | <0.1% | 10,858€ | +573.6% | -9,520€ | -87.7% | 2 | 719€ |
| 88 | Kriva Breza02736365 · Plav | <0.1% | 10,749€ | +101.3% | -20,592€ | -191.6% | 3 | 674€ |
| 89 | Eik Pilica03650901 · Bijelo Polje | <0.1% | 9,600€ | +26.6% | -4,937€ | -51.4% | 1 | 677€ |
| 90 | BV Enterijer03618889 · Budva | <0.1% | 9,440€ | -65.7% | -8,785€ | -93.1% | 1 | 677€ |
| 91 | Vrata Babić03209369 · Rožaje | <0.1% | 8,981€ | +2,654.9% | -9,856€ | -109.7% | 1 | 338€ |
| 92 | Wood Style03803503 · Rožaje | <0.1% | 8,000€ | No filing for 2024. | 7,044€ | 88.1% | 1 | — |
| 93 | Termogradnja03350550 · Podgorica | <0.1% | 6,755€ | -68.9% | -6,017€ | -89.1% | 1 | 675€ |
| 94 | Home Art Modellina03592782 · Nikšić | <0.1% | 5,843€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,494€ | 42.7% | 1 | — |
| 95 | BK Prom03647412 · Rožaje | <0.1% | 5,485€ | +306.3% | -3,597€ | -65.6% | 1 | 679€ |
| 96 | Aluexpert03744370 · Kotor | <0.1% | 5,179€ | No filing for 2024. | -2,267€ | -43.8% | 1 | 525€ |
| 97 | Čakarević02312093 · Danilovgrad | <0.1% | 3,681€ | -80.3% | -21,331€ | -579.5% | 1 | — |
| 98 | Harfaa F&M03781305 · Bijelo Polje | <0.1% | 3,290€ | No filing for 2024. | 136€ | 4.1% | 1 | — |
| 99 | Wood Wood03457966 · Herceg Novi | <0.1% | 2,895€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,395€ | -220.9% | 1 | 675€ |
| 100 | Alumetal02363615 · Tivat | <0.1% | 1,900€ | -80.1% | -5,680€ | -298.9% | 1 | 621€ |