Revenue
<0.1% of sector revenue
33 companies earned 6.29m€ in 2025, <0.1% of Trade sector revenue. Revenue has grown 3.9× since 2015.
<0.1% of sector revenue
26 with at most one employee
Largest employer: Glotec (5)
Median company 3.2% · 45% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–33 of 33
* 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 | 1,621,205€ | 9 |
| 2016 | 3,353,118€ | 11 |
| 2017 | 3,628,696€ | 13 |
| 2018 | 4,860,679€ | 17 |
| 2019 | 4,582,794€ | 24 |
| 2020 | 3,930,634€ | 25 |
| 2021 | 6,485,636€ | 29 |
| 2022 | 5,109,942€ | 28 |
| 2023 | 6,999,238€ | 30 |
| 2024 | 5,983,666€ | 33 |
| 2025 (Preliminary) | 6,294,527€ | 33 |
12.3% |
| 775,285€ |
| -11.6% |
| 6,719€ |
| 0.9% |
| 1 |
| 3,269€ |
| 3 | Tecon Montenegro02742438 · Nikšić | 11.4% | 716,763€ | +1,296.1% | 97,374€ | 13.6% | 4 | 736€ |
| 4 | Alex Engineering03422232 · Podgorica | 6.2% | 389,259€ | +232.4% | 33,270€ | 8.5% | 1 | 926€ |
| 5 | Ab Yachts and Service Montenegro02904268 · Tivat | 5.6% | 352,522€ | +78.2% | 38,245€ | 10.8% | 4 | 741€ |
| 6 | Integrated Solutions03477517 · Podgorica | 5.3% | 334,889€ | +160.2% | 47,871€ | 14.3% | 1 | 1,513€ |
| 7 | Ev Yachting Montenegro02889951 · Tivat | 4.8% | 301,742€ | -46.8% | 9,704€ | 3.2% | 2 | 3,097€ |
| 8 | Adriatic Lifestyle03660281 · Tivat | 3.3% | 205,672€ | +232.6% | 10,600€ | 5.2% | 1 | 9,343€ |
| 9 | Adria Marine Supplies02650142 · Bar | 2.5% | 156,026€ | +3,900.7% | -74,677€ | -47.9% | 2 | 1,141€ |
| 10 | Minerva Maritime03728935 · Podgorica | 2.1% | 131,159€ | No filing for 2024. | 82,385€ | 62.8% | 1 | — |
| 11 | Maks-Invest03066541 · Herceg Novi | 1.5% | 92,040€ | -78.9% | 37,029€ | 40.2% | 1 | 678€ |
| 12 | Mennyacht Montenegro03206645 · Tivat | 1.2% | 75,000€ | +650.0% | 29,454€ | 39.3% | 1 | 2,270€ |
| 13 | Glotec02716259 · Herceg Novi | 1.2% | 74,178€ | +18.0% | -34,915€ | -47.1% | 5 | 813€ |
| 14 | Cottage Investments03102351 · Podgorica | 1.1% | 72,050€ | +1,944.0% | -5,037€ | -7.0% | 1 | 541€ |
| 15 | Yacht Management03294668 · Herceg Novi | 0.8% | 51,187€ | +4,657.2% | -13,899€ | -27.2% | 2 | 930€ |
| 16 | Suerte Yachts03434133 · Bar | 0.6% | 37,000€ | +516.7% | -11,070€ | -29.9% | 1 | 924€ |
| 17 | Jugomet03350207 · Podgorica | 0.5% | 29,001€ | +99.7% | 13,640€ | 47.0% | 1 | 929€ |
| 18 | All Your Ingredients03279162 · Podgorica | 0.4% | 24,375€ | -78.4% | -47,108€ | -193.3% | 1 | 678€ |
| 19 | Hermes Aviation03145328 · Podgorica | 0.4% | 22,864€ | -7.7% | -2,539€ | -11.1% | 1 | 355€ |
| 20 | Yachtify03031403 · Tivat | 0.4% | 22,057€ | -78.5% | 3,490€ | 15.8% | 1 | 678€ |
| 21 | Surviento Yachting03730328 · Podgorica | 0.3% | 19,900€ | No filing for 2024. | 13,606€ | 68.4% | 1 | 519€ |
| 22 | Emah Trade03766853 · Ulcinj | 0.3% | 19,633€ | No filing for 2024. | -796€ | -4.1% | 1 | 360€ |
| 23 | Northlander Yachting03611795 · Podgorica | 0.3% | 16,645€ | +183.0% | -20,070€ | -120.6% | 1 | 678€ |
| 24 | Amca03720276 · Podgorica | 0.3% | 16,271€ | No filing for 2024. | 443€ | 2.7% | 1 | 876€ |
| 25 | Premium Yachting Montenegro03180468 · Podgorica | <0.1% | 5,370€ | +491.4% | -6,309€ | -117.5% | 1 | 788€ |
| 26 | Balkanski Lukobran03374041 · Budva | 0.0% | 0€ | -100.0% | -13,766€ | — | 1 | 928€ |
| 27 | 7star Trade03211100 · Budva | 0.0% | 0€ | -100.0% | -12,215€ | — | 1 | 924€ |
| 28 | Alfa Ucs03738612 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,754€ | — | 1 | 480€ |
| 29 | Arya Yachting03765105 · Bar | 0.0% | 0€ | No filing for 2024. | -2,984€ | — | 1 | — |
| 30 | Monte Marine Suppliers03671224 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,388€ | — | 1 | 670€ |
| 31 | Sunreef Yachts Porto Montenegro03266117 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,276€ | — | 1 | 678€ |
| 32 | Mediterranean Assets Management02982218 · Kotor | 0.0% | 0€ | -100.0% | -10,720€ | — | 1 | 674€ |
| 33 | Yatpazari03352323 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,240€ | — | 1 | 677€ |