Manufacturing companies in Montenegro ranked by average monthly payroll cost per employee 2025. This 2025 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12024: rank 4 | Boster Manufacturing · Nikšić | 03024873Income statement (PDF) | 2,928€ | +13.0% | 3,607,809€ | 12 |
| 22024: rank 2 | Adriatic 42 Manufacturing · Herceg Novi | 02700930Income statement (PDF) | 2,866€ | -2.7% | 11,567,437€ | 93 |
| 32024: rank 5 | Messer Tehnogas Manufacturing | 02670208Income statement (PDF) | 2,644€ | +6.9% | 2,293,130€ | 19 |
| 42024: rank 9 | Rudo Montenegro Manufacturing · Podgorica | 02691671Income statement (PDF) | 2,637€ | +25.5% | 2,389,378€ | 19 |
| 52024: rank 7 | Navar Incorporated Manufacturing · Tivat | 02346303Income statement (PDF) | 2,610€ | +16.4% | 4,724,508€ | 37 |
| 62024: rank 11 | Uniprom - Metali Manufacturing · Nikšić | 02915731Income statement (PDF) | 2,576€ | +32.5% | 22,989,707€ | 37 |
| 72024: rank 3 | Mondal Industrija Manufacturing · Danilovgrad | 03103919Income statement (PDF) | 2,308€ | -21.5% | 5,216,333€ | 31 |
| 82024: rank 6 | Trebjesa Manufacturing · Nikšić | 02000989Income statement (PDF) | 2,192€ | -4.1% | 36,268,342€ | 216 |
| 92024: rank 10 | Noblewood Adriatic Manufacturing · Nikšić | 03444759Income statement (PDF) | 2,100€ | +5.8% | 24,398,539€ | 148 |
| 102024: rank 13 | Termoelektro-Mont Manufacturing · Podgorica | 02303124Income statement (PDF) | 2,039€ | +9.0% | 1,202,292€ | 23 |
| 112024: rank 33 | Sloga Manufacturing · Rožaje | 02044927Income statement (PDF) | 2,011€ | +52.0% | 1,534,877€ | 14 |
| 122024: rank 45 | Hemik Trade Manufacturing · Podgorica | 03469875Income statement (PDF) | 1,999€ | +73.1% | 3,127,416€ | 20 |
| 132024: rank 12 | Vagar Manufacturing · Podgorica | 02107171Income statement (PDF) | 1,882€ | -2.3% | 1,663,405€ | 11 |
| 142024: rank 18 | Panvel Manufacturing · Podgorica | 02075512Income statement (PDF) | 1,875€ | +10.6% | 26,271,981€ | 108 |
| 15Not in the top 200 in 2024. | Radun Craft Manufacturing · Podgorica | 03581241Income statement (PDF) | 1,827€ | +89.3% | 1,073,284€ | 11 |
| 16Not in the top 200 in 2024. | Mljekara Miličić Manufacturing · Nikšić | 03354083Income statement (PDF) | 1,816€ | +97.4% | 1,111,465€ | 10 |
| 172024: rank 14 | Kone Manufacturing · Podgorica | 02958554Income statement (PDF) | 1,809€ | -0.4% | 3,103,536€ | 11 |
| 182024: rank 17 | Hemomont Manufacturing · Podgorica | 02204185Income statement (PDF) | 1,803€ | +4.4% | 44,340,351€ | 254 |
| 192024: rank 16 | Imlek Boka Manufacturing · Kotor | 02357950Income statement (PDF) | 1,739€ | +0.1% | 35,557,990€ | 49 |
| 202024: rank 21 | Tara - Aerospace Manufacturing · Mojkovac | 02464691Income statement (PDF) | 1,716€ | +19.9% | 13,526,000€ | 211 |
| 212024: rank 69 | Mepro Manufacturing · Podgorica | 02074982Income statement (PDF) | 1,691€ | +70.5% | 831,188€ | 12 |
| 222024: rank 15 | Daido Metal Kotor Manufacturing · Kotor | 02013053Income statement (PDF) | 1,685€ | -4.8% | 8,670,917€ | 142 |
| 232024: rank 20 | Bread Manufacturing · Tivat | 03151409Income statement (PDF) | 1,680€ | +14.2% | 1,773,290€ | 25 |
| 242024: rank 30 | Roto - Term Manufacturing · Pljevlja | 03226441Income statement (PDF) | 1,678€ | +24.8% | 2,767,758€ | 23 |
| 252024: rank 25 | Poliex Manufacturing · Berane | 02035057Income statement (PDF) | 1,585€ | +12.3% | 31,106,911€ | 134 |
| 262024: rank 8 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 1,583€ | -28.5% | 34,823,973€ | 178 |
| 272024: rank 31 | Braća Despot Manufacturing · Podgorica | 02631962Income statement (PDF) | 1,568€ | +16.7% | 1,167,962€ | 11 |
| 282024: rank 23 | Studio Mouse Manufacturing · Podgorica | 02373203Income statement (PDF) | 1,524€ | +6.9% | 1,021,588€ | 15 |
| 292024: rank 26 | Una Manufacturing · Tivat | 02053489Income statement (PDF) | 1,510€ | +7.7% | 5,085,705€ | 66 |
| 30Not in the top 200 in 2024. | Kuća Maslina Manufacturing · Bar | 03652564Income statement (PDF) | 1,506€ | -39.8% | 458,482€ | 12 |
| 31Not in the top 200 in 2024. | Zip Manufacturing · Danilovgrad | 02081059Income statement (PDF) | 1,456€ | +11.1% | 918,237€ | 10 |
| 322024: rank 35 | Tring Manufacturing · Podgorica | 02281899Income statement (PDF) | 1,450€ | +11.5% | 3,348,492€ | 25 |
| 332024: rank 38 | Montecco Inc Manufacturing · Danilovgrad | 02306689Income statement (PDF) | 1,448€ | +16.9% | 15,333,624€ | 98 |
| 342024: rank 86 | Garmin Manufacturing · Danilovgrad | 02453479Income statement (PDF) | 1,447€ | +55.9% | 3,598,909€ | 27 |
| 352024: rank 144 | M & D - Hunter Manufacturing · Budva | 02661764Income statement (PDF) | 1,437€ | +88.6% | 1,242,435€ | 26 |
| 36Not in the top 200 in 2024. | FR8 Manufacturing · Podgorica | 03544478Income statement (PDF) | 1,427€ | -4.5% | 602,836€ | 10 |
| 372024: rank 28 | Epcg-Željezara Nikšić Manufacturing · Nikšić | 03530272Income statement (PDF) | 1,404€ | +1.6% | 5,713,537€ | 258 |
| 382024: rank 119 | Kase Manufacturing · Ulcinj | 03122778Income statement (PDF) | 1,394€ | +70.6% | 654,335€ | 16 |
| 392024: rank 36 | Aqua Bianca Manufacturing · Podgorica | 02448718Income statement (PDF) | 1,391€ | +9.4% | 2,826,487€ | 29 |
| 402024: rank 37 | Viral Manufacturing · Podgorica | 02707217Income statement (PDF) | 1,370€ | +8.3% | 4,610,945€ | 30 |
| 412024: rank 55 | Ferro - Stil Manufacturing · Bar | 02353679Income statement (PDF) | 1,369€ | +29.0% | 5,367,209€ | 40 |
| 422024: rank 56 | Lamex Manufacturing · Danilovgrad | 02816164Income statement (PDF) | 1,365€ | +28.8% | 5,729,897€ | 59 |
| 432024: rank 34 | Maljat Stone Manufacturing · Danilovgrad | 02000466Income statement (PDF) | 1,350€ | +3.5% | 2,513,295€ | 66 |
| 442024: rank 48 | Bonesa Manufacturing · Bar | 02251531Income statement (PDF) | 1,342€ | +18.2% | 21,754,073€ | 43 |
| 452024: rank 47 | Mit - Berane Manufacturing · Berane | 02851962Income statement (PDF) | 1,332€ | +17.2% | 388,371€ | 13 |
| 462024: rank 60 | Rich Group Manufacturing · Podgorica | 02943999Income statement (PDF) | 1,322€ | +26.9% | 4,530,322€ | 34 |
| 472024: rank 27 | MPM Company Manufacturing · Podgorica | 02703467Income statement (PDF) | 1,313€ | -5.4% | 565,421€ | 16 |
| 482024: rank 105 | Oscar Co Manufacturing · Bijelo Polje | 02740150Income statement (PDF) | 1,307€ | +49.7% | 1,338,867€ | 12 |
| 492024: rank 66 | Prento Yacht Assistant Manufacturing · Tivat | 02753685Income statement (PDF) | 1,305€ | +28.2% | 1,466,336€ | 18 |
| 502024: rank 49 | Don Don Manufacturing · Danilovgrad | 02757257Income statement (PDF) | 1,303€ | +16.1% | 6,755,614€ | 43 |
Showing 1–50 · top 50 of 309 companies
* 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 →
This ranking contains 50 records for 2025, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "BOSTER" DRUŠTVO ZA PROIZVODNJU, TRGOVINU I USLUGE D.O.O. NIKŠIĆ; placement is determined by average monthly payroll cost per employee, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology