Revenue
2.2% of sector revenue
108 companies earned 31.75m€ in 2025, 2.2% of Manufacturing sector revenue. Revenue has grown 9.1× since 2015.
2.2% of sector revenue
62 with at most one employee
Largest employer: Adriatic 42 (93)
Not shown: one company carries more than half of the profit or loss
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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 108
* 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 →
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
Totals include 1 sole proprietor: 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 | 3,500,470€ | 32 |
| 2016 | 4,326,921€ | 35 |
| 2017 | 5,362,061€ | 37 |
| 2018 | 6,640,920€ | 42 |
| 2019 | 6,812,872€ | 52 |
| 2020 | 8,790,951€ | 63 |
| 2021 | 14,724,172€ | 65 |
| 2022 | 15,144,459€ | 77 |
| 2023 | 24,496,468€ | 96 |
| 2024 | 28,008,743€ | 110 |
| 2025 (Preliminary) | 31,754,537€ | 108 |
14.9% |
| 4,724,508€ |
| -12.4% |
| 1,271,498€ |
| 26.9% |
| 37 |
| 2,610€ |
| 3 | Europe Marine Shiprepair03186261 · Podgorica | 11.6% | 3,692,328€ | -28.5% | 24,001€ | 0.7% | 2 | 892€ |
| 4 | Engine Repair Solutions03133923 · Herceg Novi | 5.0% | 1,599,682€ | +41.6% | 341,326€ | 21.3% | 6 | 2,053€ |
| 5 | Prento Yacht Assistant02753685 · Tivat | 4.6% | 1,466,336€ | -6.0% | 68,876€ | 4.7% | 18 | 1,305€ |
| 6 | Adriatic Superyacht Services03283216 · Tivat | 3.3% | 1,037,433€ | +16.7% | 97,439€ | 9.4% | 1 | 1,652€ |
| 7 | Yachting Services Marković02949709 · Tivat | 3.1% | 972,331€ | +12.2% | 106,631€ | 11.0% | 7 | 1,078€ |
| 8 | Repforn Lda02830884 · Herceg Novi | 1.2% | 375,030€ | +4.3% | 60,337€ | 16.1% | 8 | 1,191€ |
| 9 | Yachtproservice Mne03241297 · Kotor | 1.2% | 365,576€ | -2.7% | 53,896€ | 14.7% | 5 | 614€ |
| 10 | Blue Mont03075834 · Herceg Novi | 1.1% | 360,085€ | +189.1% | 15,927€ | 4.4% | 15 | 958€ |
| 11 | Marina Zelenika02381958 · Herceg Novi | 1.1% | 341,782€ | -34.5% | 19,137€ | 5.6% | 11 | 753€ |
| 12 | Remontiko03253252 · Tivat | 1.0% | 323,492€ | +272.6% | 50,826€ | 15.7% | 2 | 1,081€ |
| 13 | Auto Klime Pavićević02762242 · Tivat | 1.0% | 306,797€ | +5.8% | 3,945€ | 1.3% | 5 | 1,023€ |
| 14 | Lunamar Montenegro02792206 · Tivat | 0.9% | 287,062€ | +0.2% | 1,008€ | 0.4% | 2 | 1,176€ |
| 15 | International Yacht Service02768585 · Tivat | 0.9% | 283,387€ | +39.4% | 17,253€ | 6.1% | 1 | 1,980€ |
| 16 | Party Voyage Limited03340279 · Tivat | 0.9% | 274,291€ | +36.6% | 25,922€ | 9.5% | 1 | 340€ |
| 17 | A68 Montenegro03610560 · Bar | 0.8% | 239,400€ | -63.2% | -31,841€ | -13.3% | 2 | 658€ |
| 18 | Craft Marine Yacht Technics03287157 · Podgorica | 0.7% | 229,008€ | +6.8% | -336€ | -0.1% | 3 | 730€ |
| 19 | Yachting Service Dabović03291847 · Herceg Novi | 0.6% | 202,448€ | +29.6% | 1,924€ | 1.0% | 4 | 1,191€ |
| 20 | Navar02099365 · Herceg Novi | 0.6% | 182,800€ | +1.6% | 60,429€ | 33.1% | 5 | 1,872€ |
| 21 | Ulysses Yacht03481093 · Kotor | 0.5% | 167,338€ | +122.3% | 39,656€ | 23.7% | 2 | 930€ |
| 22 | Legno Santo03062562 · Kotor | 0.5% | 162,079€ | -42.7% | -520€ | -0.3% | 4 | 1,285€ |
| 23 | Motonautica Group02786214 · Budva | 0.5% | 144,928€ | -83.1% | 24,883€ | 17.2% | 5 | 572€ |
| 24 | Arsenal - Rem Tivat03052982 · Tivat | 0.4% | 132,913€ | +620.1% | 24,533€ | 18.5% | 1 | 4,360€ |
| 25 | Aegean Technicmarine03415651 · Tivat | 0.4% | 129,708€ | -4.8% | 42,981€ | 33.1% | 5 | 578€ |
| 26 | Technomarine TM Group02946408 · Tivat | 0.4% | 128,413€ | -29.7% | -10,863€ | -8.5% | 3 | 1,353€ |
| 27 | Two Moon03715388 · Kotor | 0.4% | 125,285€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,442€ | 23.5% | 1 | 6,282€ |
| 28 | YHL Me03781712 · Podgorica | 0.4% | 121,131€ | No filing for 2024. | -239,202€ | -197.5% | 2 | 579€ |
| 29 | Boka Yachting03385906 · Kotor | 0.4% | 116,077€ | +6.9% | -8,457€ | -7.3% | 1 | 1,068€ |
| 30 | Y. C. Jug02451620 · Bar | 0.4% | 112,649€ | -44.6% | -39,647€ | -35.2% | 5 | 840€ |
| 31 | Yacht Company Sanon03227260 · Bar | 0.4% | 112,335€ | +90.3% | 16,608€ | 14.8% | 3 | 842€ |
| 32 | Adriatic Metal Mont Mne03595480 · Herceg Novi | 0.3% | 104,665€ | -55.3% | -33,215€ | -31.7% | 4 | 1,302€ |
| 33 | Tank Cleaning Company03681661 · Herceg Novi | 0.3% | 101,446€ | +158.5% | 1,406€ | 1.4% | 5 | 945€ |
| 34 | Uptt03686175 · Tivat | 0.3% | 83,889€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -392€ | -0.5% | 2 | 2,494€ |
| 35 | V.U.M Yacht Services03714896 · Herceg Novi | 0.2% | 73,784€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,573€ | 4.8% | 1 | 1,081€ |
| 36 | Marine Line03087344 · Herceg Novi | 0.2% | 67,093€ | +2.9% | 1,735€ | 2.6% | 2 | 998€ |
| 37 | Blackmountainproduction03358402 · Bar | 0.2% | 52,198€ | +1,045.2% | 14,668€ | 28.1% | 1 | 678€ |
| 38 | Montes02914298 · Bar | 0.2% | 49,723€ | -10.1% | -5,154€ | -10.4% | 4 | 554€ |
| 39 | Royal Marine Technics03693317 · Tivat | 0.2% | 49,491€ | +420.2% | 4,844€ | 9.8% | 1 | 641€ |
| 40 | Perspective Solutions03274454 · Herceg Novi | 0.2% | 48,926€ | -33.3% | 10,719€ | 21.9% | 1 | 3,023€ |
| 41 | Mastermarine03307409 · Bar | 0.1% | 47,347€ | +50.6% | -350€ | -0.7% | 2 | 924€ |
| 42 | Boat Service Matković03365271 · Tivat | 0.1% | 43,449€ | +44.1% | 8,370€ | 19.3% | 2 | 1,387€ |
| 43 | Bbsail03468925 · Tivat | 0.1% | 41,413€ | -22.4% | 3,459€ | 8.4% | 1 | 1,604€ |
| 44 | Marine Pro Assist03647790 · Podgorica | 0.1% | 38,181€ | +174.7% | 972€ | 2.5% | 2 | 1,346€ |
| 45 | Ditronic03097471 · Tivat | 0.1% | 37,903€ | +87.5% | 1,315€ | 3.5% | 1 | 675€ |
| 46 | Brodo Color02396840 · Herceg Novi | 0.1% | 34,928€ | -73.6% | 566€ | 1.6% | 3 | — |
| 47 | Litvin Service03555496 · Tivat | <0.1% | 28,854€ | +106.1% | -8,848€ | -30.7% | 2 | 677€ |
| 48 | Kova Marine03526763 · Herceg Novi | <0.1% | 28,633€ | +164.9% | 3,161€ | 11.0% | 1 | — |
| 49 | Yachting Service Laguna02899833 · Tivat | <0.1% | 28,428€ | +75.8% | 4,068€ | 14.3% | 1 | 1,244€ |
| 50 | Marine Professional Services03118479 · Tivat | <0.1% | 27,571€ | -38.4% | -13,416€ | -48.7% | 1 | — |