Revenue
0.3% of sector revenue
32 companies earned 4.04m€ in 2025, 0.3% of Manufacturing sector revenue. Revenue has grown 4.2× since 2015.
0.3% of sector revenue
12 with at most one employee
Largest employer: Fin-Gold (13)
Median company 7.5% · 59% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Ranked by total revenue · Showing 1–32 of 32
* 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 11 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. 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 | 959,059€ | 20 |
| 2016 | 1,244,347€ | 21 |
| 2017 | 1,399,242€ | 22 |
| 2018 | 1,435,438€ | 27 |
| 2019 | 1,502,792€ | 26 |
| 2020 | 1,585,254€ | 26 |
| 2021 | 2,144,437€ | 28 |
| 2022 | 2,665,425€ | 29 |
| 2023 | 3,154,141€ | 34 |
| 2024 | 3,560,487€ | 33 |
| 2025 (Preliminary) | 4,040,428€ | 32 |
24.7% |
| 998,869€ |
| +31.0% |
| 202,622€ |
| 20.3% |
| 10 |
| 1,125€ |
| 3 | Đerdan02638142 · Nikšić | 10.6% | 428,231€ | +16.1% | 39,696€ | 9.3% | 12 | 980€ |
| 4 | Vitex02097702 · Podgorica | 5.4% | 219,374€ | +34.2% | 57,376€ | 26.2% | 7 | 980€ |
| 5 | Zlatara Ami02908816 · Herceg Novi | 5.2% | 209,898€ | +0.7% | 10,658€ | 5.1% | 3 | 819€ |
| 6 | Omar02783282 · Pljevlja | 3.4% | 138,136€ | +8.6% | 20,385€ | 14.8% | 4 | 682€ |
| 7 | Miakomerc02213702 · Herceg Novi | 2.5% | 99,629€ | -10.8% | 4,484€ | 4.5% | 6 | 544€ |
| 8 | Ani02692724 · Tivat | 2.0% | 80,005€ | +6.3% | 7,367€ | 9.2% | 2 | 1,224€ |
| 9 | Mi-Mne03155072 · Rožaje | 1.4% | 55,967€ | +44.3% | 9,126€ | 16.3% | 3 | 793€ |
| 10 | Monte Bambola02461404 · Budva | 1.3% | 54,033€ | +45.5% | 7,777€ | 14.4% | 2 | 681€ |
| 11 | Rey Gold02127709 · Nikšić | 1.3% | 53,922€ | -8.3% | 3,078€ | 5.7% | 3 | 590€ |
| 12 | Zlatara Glasnović02907160 · Kotor | 1.3% | 50,801€ | -6.6% | 22,517€ | 44.3% | 2 | 338€ |
| 13 | Dior-Exclusive03050181 · Bijelo Polje | 1.2% | 49,632€ | +7.6% | 1,811€ | 3.6% | 2 | 920€ |
| 14 | Sista Place03477878 · Herceg Novi | 0.7% | 27,685€ | -5.5% | -16,530€ | -59.7% | 3 | 859€ |
| 15 | Rubin N&V03719626 · Nikšić | 0.6% | 24,952€ | No filing for 2024. | 6,250€ | 25.0% | 0 | — |
| 16 | Luka Gold03206980 · Nikšić | 0.6% | 23,525€ | +16.9% | 6,560€ | 27.9% | 1 | 385€ |
| 17 | Rafael02870835 · Ulcinj | 0.6% | 23,492€ | +40.1% | 2,718€ | 11.6% | 3 | 453€ |
| 18 | Zlatara Agović03570436 · Podgorica | 0.6% | 23,378€ | -2.6% | -8,887€ | -38.0% | 3 | 458€ |
| 19 | M - Gold02903423 · Ulcinj | 0.5% | 22,176€ | +36.0% | 5,021€ | 22.6% | 2 | 423€ |
| 20 | Dučkić02907178 · Kotor | 0.4% | 18,124€ | +44.9% | -3,827€ | -21.1% | 2 | 675€ |
| 21 | Mika Proart03342018 · Podgorica | 0.4% | 17,240€ | +115.5% | 8,961€ | 52.0% | 1 | 364€ |
| 22 | Berrinjewelry Montenegro03482669 · Budva | 0.4% | 17,221€ | +143.4% | -77€ | -0.4% | 1 | 675€ |
| 23 | Green Lining03614140 · Budva | 0.4% | 14,533€ | +16.5% | 427€ | 2.9% | 1 | 338€ |
| 24 | Eko Invest03183564 · Herceg Novi | 0.2% | 9,300€ | +9.4% | -114€ | -1.2% | 1 | 677€ |
| 25 | Deni - Gold02901978 · Ulcinj | 0.2% | 6,666€ | -16.7% | -9,561€ | -143.4% | 1 | 1,033€ |
| 26 | J&D Gold Mne03191974 · Ulcinj | 0.2% | 6,518€ | +48.3% | -6,554€ | -100.6% | 1 | 758€ |
| 27 | Društvo za Proizvodnju Promet i Usluge Export-Import Sfinga-Rent03116000 · Podgorica | 0.1% | 5,157€ | +3.3% | -4,795€ | -93.0% | 1 | 677€ |
| 28 | Oldu Monte03744299 · Budva | <0.1% | 1,992€ | No filing for 2024. | -8,643€ | -433.9% | 0 | — |
| 29 | Dsgo Montenegro03538567 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 30 | Made For You03392198 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 31 | Gem House03782484 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,104€ | — | 1 | 422€ |
| 32 | Scents & Sensibility03738167 · Bar | 0.0% | 0€ | No filing for 2024. | -1€ | — | — | — |