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 1–50 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*
10.6% |
| 4,610,945€ |
| +20.5% |
| 890,139€ |
| 19.3% |
| 30 |
| 1,370€ |
| 3 | VHM Solutions02283441 · Nikšić | 8.9% | 3,892,324€ | -48.0% | 572,207€ | 14.7% | 124 | 1,137€ |
| 4 | Imperijal02307642 · Bijelo Polje | 8.0% | 3,479,558€ | +14.5% | 290,624€ | 8.4% | 42 | 961€ |
| 5 | Gora Stil02358239 · Zeta | 5.7% | 2,493,570€ | +19.0% | 146,977€ | 5.9% | 34 | 970€ |
| 6 | Aluvent02452332 · Podgorica | 5.0% | 2,165,074€ | +49.1% | 326,176€ | 15.1% | 10 | 927€ |
| 7 | Rekant03156877 · Podgorica | 4.7% | 2,036,904€ | +17.8% | 200,070€ | 9.8% | 28 | 724€ |
| 8 | Enterijeri - SNV03093387 · Nikšić | 2.4% | 1,036,908€ | +12.8% | 53,095€ | 5.1% | 14 | 1,292€ |
| 9 | Radović Plus02134411 · Nikšić | 1.7% | 748,164€ | +42.2% | 61,271€ | 8.2% | 16 | 703€ |
| 10 | Goldenwood02711311 · Nikšić | 1.6% | 699,560€ | -22.8% | 71,226€ | 10.2% | 7 | 1,017€ |
| 11 | Selektor02063972 · Bijelo Polje | 1.6% | 681,572€ | -35.7% | 27,829€ | 4.1% | 15 | 689€ |
| 12 | Elas03133605 · Bijelo Polje | 1.5% | 641,729€ | +52.0% | 55,787€ | 8.7% | 4 | 1,605€ |
| 13 | VB International03329216 · Kotor | 1.4% | 602,036€ | -39.4% | 1,867€ | 0.3% | 5 | 1,595€ |
| 14 | Rad Alplast02763206 · Zeta | 1.0% | 436,699€ | +10.8% | 8,712€ | 2.0% | 4 | 678€ |
| 15 | Ata Construction03518612 · Podgorica | 1.0% | 428,731€ | +68.2% | 175,170€ | 40.9% | 4 | 731€ |
| 16 | Cemax02647842 · Podgorica | 1.0% | 415,506€ | +43.6% | 62,153€ | 15.0% | 10 | 669€ |
| 17 | Creative02733544 · Rožaje | 0.9% | 414,182€ | +2.6% | 44,828€ | 10.8% | 9 | 956€ |
| 18 | Hajdana02730626 · Cetinje | 0.9% | 400,281€ | +33.4% | 4,001€ | 1.0% | 7 | 670€ |
| 19 | Milić Plus02746760 · Nikšić | 0.8% | 347,668€ | -17.5% | 15,399€ | 4.4% | 7 | 758€ |
| 20 | Drvo Company Bido02386941 · Bijelo Polje | 0.7% | 324,679€ | +29.4% | 58,794€ | 18.1% | 10 | 620€ |
| 21 | Drvoart Kompani02364255 · Cetinje | 0.7% | 324,038€ | -16.7% | -43,881€ | -13.5% | 9 | 671€ |
| 22 | Sunny Rays03548180 · Nikšić | 0.7% | 319,499€ | +56.0% | 2,225€ | 0.7% | 5 | 462€ |
| 23 | Windoor02984369 · Nikšić | 0.7% | 314,682€ | +80.2% | 17,428€ | 5.5% | 25 | 805€ |
| 24 | Juing02238551 · Podgorica | 0.7% | 296,563€ | -20.5% | 787€ | 0.3% | 5 | 1,202€ |
| 25 | Forestino Montenegro03043355 · Podgorica | 0.6% | 268,748€ | -12.0% | 50,541€ | 18.8% | 7 | 874€ |
| 26 | Bambis Group02866854 · Podgorica | 0.6% | 245,723€ | +0.6% | 18,707€ | 7.6% | 5 | 671€ |
| 27 | Fine Arts02630729 · Cetinje | 0.5% | 231,066€ | -1.4% | 12,094€ | 5.2% | 6 | 581€ |
| 28 | Namještaj Brankos02451271 · Podgorica | 0.5% | 214,465€ | +20.3% | 40,009€ | 18.7% | 4 | 406€ |
| 29 | As Glass02398826 · Podgorica | 0.4% | 175,641€ | +2.3% | 20,689€ | 11.8% | 1 | 674€ |
| 30 | Aluipvc Sljivo03753026 · Podgorica | 0.3% | 128,338€ | No filing for 2024. | 4,566€ | 3.6% | 2 | 371€ |
| 31 | Pepić Design03356060 · Bar | 0.3% | 109,416€ | +59.2% | -17,847€ | -16.3% | 1 | 1,366€ |
| 32 | Đačić - Co03313069 · Bijelo Polje | 0.2% | 103,334€ | +59.1% | 15,368€ | 14.9% | 1 | 1,350€ |
| 33 | 3 Vuka03337219 · Plav | 0.2% | 88,509€ | +14.9% | -385€ | -0.4% | 6 | 1,146€ |
| 34 | Frezer02707152 · Podgorica | 0.2% | 83,234€ | -4.6% | 17,750€ | 21.3% | 1 | 679€ |
| 35 | Nik Home03407918 · Nikšić | 0.2% | 77,581€ | No filing for 2024. | 20,707€ | 26.7% | 3 | 1,057€ |
| 36 | Duga Design02838303 · Podgorica | 0.2% | 74,868€ | -10.7% | -3,520€ | -4.7% | 2 | 619€ |
| 37 | Aris Les02903687 · Nikšić | 0.2% | 65,569€ | -22.6% | 6,233€ | 9.5% | 1 | 1,352€ |
| 38 | Carpenters Wood03490203 · Nikšić | 0.1% | 63,632€ | +19.2% | 4,700€ | 7.4% | 2 | 518€ |
| 39 | Sinek02736446 · Nikšić | 0.1% | 62,063€ | -15.8% | -15,048€ | -24.2% | 11 | 470€ |
| 40 | Ssimss02745917 · Nikšić | 0.1% | 60,456€ | +485.0% | 819€ | 1.4% | 1 | 394€ |
| 41 | Aluglass03060390 · Tuzi | 0.1% | 57,295€ | +0.6% | 1,557€ | 2.7% | 1 | 694€ |
| 42 | Dominans03583082 · Podgorica | 0.1% | 54,432€ | -7.3% | 2,801€ | 5.1% | 2 | 987€ |
| 43 | Einrichtungskoncepte03409546 · Bar | 0.1% | 54,240€ | -69.2% | 6,940€ | 12.8% | 1 | 678€ |
| 44 | Eding02856310 · Pljevlja | 0.1% | 51,165€ | +31.9% | 23,082€ | 45.1% | 1 | 676€ |
| 45 | Legnolux02630265 · Herceg Novi | 0.1% | 49,547€ | +539.9% | -2,130€ | -4.3% | 1 | 677€ |
| 46 | Ram-Bee03299805 · Pljevlja | 0.1% | 48,895€ | -25.7% | -3,687€ | -7.5% | 5 | 666€ |
| 47 | Drvostil-Đeković03736776 · Andrijevica | 0.1% | 47,754€ | No filing for 2024. | -3,889€ | -8.1% | 3 | 1,416€ |
| 48 | Brvnare Bor03742466 · Rožaje | <0.1% | 42,892€ | No filing for 2024. | -6,346€ | -14.8% | 2 | 467€ |
| 49 | Selen02462591 · Rožaje | <0.1% | 41,546€ | +29.6% | 7,947€ | 19.1% | 1 | 625€ |
| 50 | Vulanović PVC i Alu03734161 · Nikšić | <0.1% | 38,866€ | No filing for 2024. | -4,791€ | -12.3% | 1 | 1,071€ |