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 51–100 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 |
<0.1% |
| 24,346€ |
| No filing for 2024. |
| 1,344€ |
| 5.5% |
| 1 |
| 913€ |
| 53 | Yacht Mania03554341 · Podgorica | <0.1% | 21,298€ | -21.5% | 4,528€ | 21.3% | 1 | 339€ |
| 54 | Ikigai Yacht Service03625028 · Herceg Novi | <0.1% | 21,030€ | +264.3% | 9,045€ | 43.0% | 1 | 746€ |
| 55 | Manat Marine03277330 · Bar | <0.1% | 19,225€ | +2,303.1% | 10,375€ | 54.0% | 1 | — |
| 56 | Ardura02417090 · Herceg Novi | <0.1% | 19,119€ | -78.4% | -28,374€ | -148.4% | 4 | 648€ |
| 57 | Kuzi Dive03712141 · Podgorica | <0.1% | 17,500€ | No filing for 2024. | 3,222€ | 18.4% | 1 | 773€ |
| 58 | Yacht Team03557804 · Tivat | <0.1% | 16,282€ | +9.2% | -2,625€ | -16.1% | 1 | 686€ |
| 59 | Ultrasail Group03513378 · Bar | <0.1% | 16,240€ | -41.1% | -10,056€ | -61.9% | 1 | 1,010€ |
| 60 | BST Company03463303 · Tivat | <0.1% | 15,098€ | -30.2% | -1,197€ | -7.9% | 1 | 675€ |
| 61 | Somare Yacht Service03799280 · Bar | <0.1% | 13,203€ | No filing for 2024. | 1,109€ | 8.4% | 1 | — |
| 62 | Wooden Boats Bokovac03300293 · Bar | <0.1% | 13,005€ | +54.3% | -38,147€ | -293.3% | 1 | 1,837€ |
| 63 | Red&White Global03306577 · Podgorica | <0.1% | 11,171€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -892€ | -8.0% | 2 | 464€ |
| 64 | Yacht Lux Services03790177 · Herceg Novi | <0.1% | 11,080€ | No filing for 2024. | 573€ | 5.2% | 1 | — |
| 65 | Alder Group Montenegro03592308 · Budva | <0.1% | 10,475€ | +325.8% | 568€ | 5.4% | 1 | 724€ |
| 66 | Mićić Paint03308227 · Kotor | <0.1% | 9,339€ | -73.1% | -16,957€ | -181.6% | 2 | 529€ |
| 67 | Sea Electric03460126 · Budva | <0.1% | 9,004€ | -28.0% | 688€ | 7.6% | 1 | 681€ |
| 68 | Marine Tech Service03244415 · Bar | <0.1% | 8,894€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -406€ | -4.6% | 1 | 667€ |
| 69 | Naves03732690 · Herceg Novi | <0.1% | 8,096€ | No filing for 2024. | -9,073€ | -112.1% | 2 | 611€ |
| 70 | Ademola Ventures03487199 · Herceg Novi | <0.1% | 7,500€ | +70.5% | -2,159€ | -28.8% | 1 | 680€ |
| 71 | Servis Sjekloća03583228 · Zeta | <0.1% | 6,933€ | +34.8% | 1,023€ | 14.8% | 1 | — |
| 72 | Sailsdream03494268 · Tivat | <0.1% | 6,003€ | +30.5% | -4,305€ | -71.7% | 1 | 677€ |
| 73 | Vlanex02920956 · Herceg Novi | <0.1% | 5,750€ | -82.2% | -10,961€ | -190.6% | 1 | 513€ |
| 74 | Sailing Club Spektrum03329224 · Podgorica | <0.1% | 5,234€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,864€ | -131.1% | 1 | 1,005€ |
| 75 | Yacht Master Services03637379 · Tivat | <0.1% | 4,848€ | -65.7% | -19,863€ | -409.7% | 1 | — |
| 76 | Fantasia Group03548481 · Kotor | <0.1% | 4,804€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,465€ | -301.1% | 2 | 677€ |
| 77 | Maxannov03159892 · Bar | <0.1% | 4,655€ | -16.7% | -3,563€ | -76.5% | 1 | 677€ |
| 78 | Navora03765083 · Kotor | <0.1% | 3,425€ | No filing for 2024. | -1,325€ | -38.7% | 1 | 373€ |
| 79 | Bridge Yachting03210979 · Podgorica | <0.1% | 3,000€ | -91.3% | -20,103€ | -670.1% | 2 | 924€ |
| 80 | Saltysun Group03676170 · Budva | <0.1% | 873€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,856€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 81 | Menes - CG02659280 · Herceg Novi | <0.1% | 566€ | -68.2% | -1€ | -0.2% | 1 | — |
| 82 | Adriatique Marine Company03459675 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,707€ | — | 1 | 927€ |
| 83 | Avn Tech03565513 · Budva | 0.0% | 0€ | -100.0% | -8,147€ | — | 1 | 675€ |
| 84 | Beattie Jones Project Management03789365 · Tivat | 0.0% | 0€ | No filing for 2024. | -1,078€ | — | 0 | — |
| 85 | Delux Detailing03709574 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 86 | Atlay03620409 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 87 | Blue Wave Service03557251 · Tivat | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 88 | Brodservis03774970 · Tivat | 0.0% | 0€ | No filing for 2024. | -1,540€ | — | 1 | — |
| 89 | I.C.O.N. Yachting03207501 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -44,835€ | — | 1 | 680€ |
| 90 | Marintronik03686841 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 91 | Mechanic02972557 · Kotor | 0.0% | 0€ | -100.0% | -23,100€ | — | 3 | 424€ |
| 92 | Montenegro Maritime Services03595790 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,242€ | — | 1 | — |
| 93 | Remor Yacht Management03425967 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -176,841€ | — | 1 | 675€ |
| 94 | Sabmarin03677834 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,724€ | — | 1 | 1,025€ |
| 95 | Ship & Son03477304 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,160€ | — | 1 | 678€ |
| 96 | Svita Engineering03472647 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,281€ | — | 1 | 926€ |
| 97 | Westmedmarine03286924 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,918€ | — | 1 | 931€ |
| 98 | Porto Bono03239250 · Herceg Novi | 0.0% | 0€ | -100.0% | -9,397€ | — | 1 | 677€ |
| 99 | Fenix Yacht03732649 · Tivat | 0.0% | 0€ | No filing for 2024. | -13,452€ | — | 1 | 809€ |
| 100 | Gyrfalcon03596524 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |