Revenue
3.0% of sector revenue
73 companies earned 28.32m€ in 2025, 3.0% of Transport & logistics sector revenue. Revenue has grown 2.8× since 2015.
3.0% of sector revenue
35 with at most one employee
Largest employer: Luka Kotor (69)
Median company 4.4% · 51% 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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 73
* 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 2 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 | 9,938,576€ | 37 |
| 2016 | 11,536,624€ | 40 |
| 2017 | 12,650,048€ | 41 |
| 2018 | 13,824,926€ | 51 |
| 2019 | 15,498,438€ | 57 |
| 2020 | 9,803,541€ | 59 |
| 2021 | 13,332,277€ | 64 |
| 2022 | 14,015,117€ | 68 |
| 2023 | 13,560,237€ | 68 |
| 2024 | 20,874,523€ | 79 |
| 2025 (Preliminary) | 28,316,052€ | 73 |
13.7% |
| 3,884,757€ |
| +228.3% |
| -30,094€ |
| -0.8% |
| 1 |
| 921€ |
| 3 | MRM02810921 · Tivat | 9.3% | 2,646,972€ | +147.8% | 167,983€ | 6.3% | 4 | 1,414€ |
| 4 | Infinity Company03083276 · Budva | 6.3% | 1,778,370€ | -5.4% | 394,392€ | 22.2% | 18 | 1,078€ |
| 5 | BMS Group03333787 · Podgorica | 5.8% | 1,649,143€ | +195.9% | -17,349€ | -1.1% | 4 | 462€ |
| 6 | Balkmar Management02737558 · Herceg Novi | 5.4% | 1,526,888€ | -48.6% | 665,750€ | 43.6% | 2 | 26,067€ |
| 7 | BCM Group03167437 · Kotor | 3.4% | 966,415€ | +9.0% | 121,445€ | 12.6% | 19 | 1,280€ |
| 8 | Ocean Montenegro02764245 · Bar | 3.4% | 963,666€ | +19.1% | 90,699€ | 9.4% | 32 | 1,325€ |
| 9 | Jadro Pilot and Tug Services03208001 · Bar | 2.4% | 687,868€ | +49.0% | -429€ | -0.1% | 22 | 1,011€ |
| 10 | International Yacht Company (iyc)03029956 · Tivat | 2.2% | 632,833€ | +179.2% | 91,197€ | 14.4% | 3 | 2,200€ |
| 11 | Marviva Company03641180 · Tivat | 2.2% | 628,530€ | +250.6% | 66,715€ | 10.6% | 2 | 14,883€ |
| 12 | Yacht Agent Montenegro03047270 · Bar | 2.2% | 628,376€ | +90.0% | 54,809€ | 8.7% | 5 | 930€ |
| 13 | Interlog02459370 · Bar | 2.2% | 609,300€ | +166.9% | -13,675€ | -2.2% | 6 | 1,783€ |
| 14 | Seven Oceans Yachting03257517 · Budva | 2.1% | 597,304€ | +121.0% | 62,243€ | 10.4% | 1 | 1,878€ |
| 15 | La Pluma Bar Pilot & Tugboat Service Montenegro03317374 · Bar | 1.5% | 431,443€ | +62.9% | 39,982€ | 9.3% | 14 | 508€ |
| 16 | Meli Maritime03699986 · Podgorica | 0.9% | 244,483€ | No filing for 2024. | 178,648€ | 73.1% | 1 | 3,379€ |
| 17 | Boka Limited03454975 · Herceg Novi | 0.9% | 242,993€ | +45.7% | 22,417€ | 9.2% | 2 | 493€ |
| 18 | Sea Band03491790 · Tivat | 0.8% | 225,809€ | +51.3% | -86,561€ | -38.3% | 2 | 971€ |
| 19 | Fleet&Go03722660 · Budva | 0.8% | 224,633€ | No filing for 2024. | 44,417€ | 19.8% | 4 | 566€ |
| 20 | Boka Pilot & Tug Boat Services02370026 · Herceg Novi | 0.8% | 218,108€ | +178.6% | -74,053€ | -34.0% | 11 | 806€ |
| 21 | Adriatic Shipsuppliers02872285 · Bar | 0.7% | 193,742€ | +16.1% | 52,603€ | 27.2% | 1 | 649€ |
| 22 | East Med Yachting03081923 · Tivat | 0.7% | 190,979€ | -5.2% | 30,770€ | 16.1% | 2 | 1,083€ |
| 23 | Omega Logistic02792354 · Herceg Novi | 0.6% | 158,750€ | +91.8% | 31,287€ | 19.7% | 1 | 3,631€ |
| 24 | Tugboat Service Montenegro03182096 · Bar | 0.6% | 157,509€ | +2.0% | 11,205€ | 7.1% | 7 | 1,145€ |
| 25 | Acquera Montenegro03253902 · Bar | 0.5% | 154,178€ | -42.7% | 5,894€ | 3.8% | 4 | 1,647€ |
| 26 | Nautic Assistance03694046 · Podgorica | 0.5% | 144,737€ | +1,959.4% | 870€ | 0.6% | 1 | 1,561€ |
| 27 | Montenegro Marine Services02828715 · Tivat | 0.5% | 141,541€ | -12.9% | 6,339€ | 4.5% | 2 | 832€ |
| 28 | B.C.M. - Kotor02718979 · Kotor | 0.5% | 135,881€ | +85.8% | 51,197€ | 37.7% | 3 | 1,184€ |
| 29 | Yachtingadria02706504 · Bar | 0.4% | 114,391€ | +20.6% | -10,299€ | -9.0% | 1 | 678€ |
| 30 | Yacht Consulting03029239 · Tivat | 0.4% | 101,882€ | +256.5% | 11,681€ | 11.5% | 1 | 1,095€ |
| 31 | Samer & Strugar Shipping02313472 · Bar | 0.4% | 101,680€ | +54.3% | 11,797€ | 11.6% | 1 | 2,570€ |
| 32 | Sikimić Marine Services02400588 · Herceg Novi | 0.3% | 91,308€ | +10.7% | 17,805€ | 19.5% | 3 | 1,186€ |
| 33 | Privezište za Jahte - Kordić Prčanj03078337 · Kotor | 0.3% | 89,717€ | +16.5% | 38,839€ | 43.3% | 2 | 1,131€ |
| 34 | La Pluma Bar Pilot03173283 · Bar | 0.3% | 86,500€ | -13.1% | 1,773€ | 2.0% | 9 | 671€ |
| 35 | SVP Company03479994 · Tivat | 0.3% | 77,075€ | +366.3% | -25,552€ | -33.2% | 1 | 929€ |
| 36 | S-V Yachts&Properties Montenegro03244768 · Tivat | 0.3% | 75,905€ | -10.5% | -11,464€ | -15.1% | 3 | 822€ |
| 37 | Sal's 3M03646203 · Tivat | 0.3% | 75,354€ | +1,513.9% | 4,600€ | 6.1% | 2 | 614€ |
| 38 | Anton 0103260887 · Tivat | 0.2% | 64,263€ | +94.4% | 2,639€ | 4.1% | 2 | 798€ |
| 39 | Kotor Bay Tours DMC03304256 · Kotor | 0.2% | 53,615€ | +1.1% | -8,123€ | -15.2% | 3 | 907€ |
| 40 | Nordstern Yacht Management and Consultancy03672565 · Herceg Novi | 0.2% | 43,072€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,859€ | 4.3% | 2 | 777€ |
| 41 | Brod Milica03252442 · Bar | 0.1% | 32,198€ | +8.5% | -3,297€ | -10.2% | 2 | 1,057€ |
| 42 | Odyssey Monte03487237 · Herceg Novi | <0.1% | 26,978€ | +18.8% | 4,571€ | 16.9% | 1 | 886€ |
| 43 | Goodstream03175553 · Bar | <0.1% | 26,667€ | +37.3% | -10,504€ | -39.4% | 1 | 927€ |
| 44 | Montenegro +02897482 · Tivat | <0.1% | 26,299€ | +65.8% | 4,496€ | 17.1% | 1 | 675€ |
| 45 | Aqua Marina&Yachting&Charter Services03639487 · Budva | <0.1% | 23,549€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,934€ | -12.5% | 2 | 938€ |
| 46 | Red Sail03252663 · Budva | <0.1% | 22,883€ | +6.1% | 4,524€ | 19.8% | 1 | 677€ |
| 47 | M.B.S. Project02407698 · Tivat | <0.1% | 22,850€ | -16.6% | 3,704€ | 16.2% | 1 | 1,125€ |
| 48 | All Yacht Services03373100 · Tivat | <0.1% | 22,500€ | -84.3% | 9,669€ | 43.0% | 1 | 981€ |
| 49 | Mebiba LTD03643239 · Herceg Novi | <0.1% | 19,010€ | +50.9% | -3,882€ | -20.4% | 1 | 678€ |
| 50 | Cromnet03714446 · Bar | <0.1% | 18,817€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,898€ | 20.7% | 2 | — |