Revenue
4.3% of Montenegro's revenue
3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.
4.3% of Montenegro's revenue
72.6 per 1,000 residents · Montenegro 57.3
Largest employer: Kadar Plus (519)
Total profit: 29.89m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 239,370,876€ | 1,306 |
| 2016 | 262,228,157€ | 1,380 |
| 2017 | 301,053,489€ | 1,496 |
| 2018 | 333,446,222€ | 1,663 |
| 2019 | 351,884,422€ | 1,831 |
| 2020 | 318,094,388€ | 2,022 |
| 2021 | 391,032,089€ | 2,198 |
| 2022 | 548,447,681€ | 2,694 |
| 2023 | 592,141,198€ | 3,169 |
| 2024 | 674,325,394€ | 3,269 |
| 2025 (Preliminary) | 758,900,352€ | 3,326 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue 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 407
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Relja Company02760363 · Construction | <0.1% | 289,057€ | +3.2% | 9,281€ | 3.2% | 16 | 693€ |
| 52 | R - 200002900050 · Construction | <0.1% | 285,704€ | +62.1% | 1,398€ | 0.5% | 3 | 740€ |
| 53 | Wat Inženjering03320537 · Construction | <0.1% | 284,583€ | +38.8% | 81,884€ | 28.8% | 5 | 395€ |
| 54 | NS Elektronix02622548 · Construction | <0.1% | 282,719€ | +8.3% | 9,754€ | 3.5% | 4 | 731€ |
| 55 | Omega Inženjering02865491 · Construction | <0.1% | 278,931€ | +34.4% | -8,065€ | -2.9% | 6 | 576€ |
| 56 | Hidroizolacija Šutković03324745 · Construction | <0.1% | 261,262€ | +301.0% | 32,023€ | 12.3% | 3 | 531€ |
| 57 | Mot Design03286347 · Construction | <0.1% | 260,534€ | -47.7% | 30,433€ | 11.7% | 6 | 841€ |
| 58 | Mujovi Gradnja03462676 · Construction | <0.1% | 260,077€ | -3.7% | 3,342€ | 1.3% | 7 | 1,014€ |
| 59 | MH Holding03648052 · Construction | <0.1% | 260,050€ | +430.7% | 61,930€ | 23.8% | 3 | 2,639€ |
| 60 | Monte Pet Gradnja03327116 · Construction | <0.1% | 259,420€ | -1.8% | 21,615€ | 8.3% | 5 | 724€ |
| 61 | Montelibero03367231 · Construction | <0.1% | 256,252€ | +12.8% | 203,363€ | 79.4% | 1 | — |
| 62 | E & M Team03228797 · Construction | <0.1% | 248,445€ | -20.2% | 35,389€ | 14.2% | 3 | 671€ |
| 63 | Team System02726599 · Construction | <0.1% | 247,738€ | +208.8% | 47,795€ | 19.3% | 1 | 677€ |
| 64 | Monre02621177 · Construction | <0.1% | 237,000€ | +1,161.3% | -115,819€ | -48.9% | 3 | 1,469€ |
| 65 | Invest Lab03111237 · Construction | <0.1% | 224,625€ | +410.4% | 85,170€ | 37.9% | 3 | 1,213€ |
| 66 | Đokić Group02376393 · Construction | <0.1% | 219,306€ | +2.6% | 22,918€ | 10.5% | 6 | 584€ |
| 67 | Mat Investments03540260 · Construction | <0.1% | 200,472€ | +64.1% | 14,714€ | 7.3% | 3 | 946€ |
| 68 | Elektrocentar Lekić02157152 · Construction | <0.1% | 198,729€ | +135.8% | 1,246€ | 0.6% | 12 | 771€ |
| 69 | Development Organisation Construction Consulting03437671 · Construction | <0.1% | 197,800€ | +19.9% | 40,813€ | 20.6% | 3 | 593€ |
| 70 | Art Gradnja Tri Construction03351181 · Construction | <0.1% | 190,154€ | +12.9% | -19,384€ | -10.2% | 5 | 790€ |
| 71 | Em - Stroy02817659 · Construction | <0.1% | 190,039€ | +1.5% | -32,276€ | -17.0% | 11 | 697€ |
| 72 | Montelgroup02776618 · Construction | <0.1% | 189,877€ | -15.7% | 4,507€ | 2.4% | 6 | 616€ |
| 73 | Meddis Group02651688 · Construction | <0.1% | 182,905€ | +1,443.1% | 33,742€ | 18.4% | 8 | 681€ |
| 74 | Hidro Polje MS03274802 · Construction | <0.1% | 180,690€ | +2.2% | 12,019€ | 6.7% | 8 | 920€ |
| 75 | Luison02919940 · Construction | <0.1% | 151,257€ | -7.5% | 51,418€ | 34.0% | 4 | 441€ |
| 76 | Sobstvena Energija03440443 · Construction | <0.1% | 148,429€ | +1,712.3% | 30,463€ | 20.5% | 1 | 679€ |
| 77 | Arhes03456030 · Construction | <0.1% | 147,562€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 65,510€ | 44.4% | 6 | 605€ |
| 78 | SP - Elektromax02732785 · Construction | <0.1% | 144,956€ | -6.1% | -7,049€ | -4.9% | 3 | 1,010€ |
| 79 | Avdić Gradnja03074862 · Construction | <0.1% | 143,586€ | +163.8% | -51,535€ | -35.9% | 12 | 638€ |
| 80 | Kajser Gradnja03349608 · Construction | <0.1% | 143,365€ | +3.4% | -14,802€ | -10.3% | 8 | 988€ |
| 81 | B.H.Bauunternehmungs02817888 · Construction | <0.1% | 140,923€ | +186.5% | -35,514€ | -25.2% | 2 | 502€ |
| 82 | Ensar Constrution Solutions03647803 · Construction | <0.1% | 139,665€ | -18.8% | 119€ | 0.1% | 9 | — |
| 83 | VD Univerzal03674703 · Construction | <0.1% | 138,663€ | +437.6% | -40,917€ | -29.5% | 4 | 715€ |
| 84 | Comfort Tech03426432 · Construction | <0.1% | 138,050€ | +113.4% | -18,830€ | -13.6% | 2 | 543€ |
| 85 | Brbot Bar03082717 · Construction | <0.1% | 133,836€ | +68.6% | 10,957€ | 8.2% | 2 | 774€ |
| 86 | International Logistic Company02777509 · Construction | <0.1% | 131,720€ | +31.7% | -72,831€ | -55.3% | 1 | 827€ |
| 87 | Kovcheg02975254 · Construction | <0.1% | 125,698€ | +235.2% | -10,472€ | -8.3% | 1 | — |
| 88 | Termo Klima Bar03126927 · Construction | <0.1% | 123,673€ | +16.6% | -5,183€ | -4.2% | 4 | 366€ |
| 89 | Relstone02889480 · Construction | <0.1% | 120,270€ | -18.4% | -129,170€ | -107.4% | 2 | 2,645€ |
| 90 | Electro Solutions03600599 · Construction | <0.1% | 120,135€ | +106.5% | -3,192€ | -2.7% | 2 | 1,875€ |
| 91 | Masterkop-RS03646858 · Construction | <0.1% | 120,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -661€ | -0.6% | 1 | 694€ |
| 92 | Besmart - Networks03493989 · Construction | <0.1% | 109,144€ | +21.8% | 80,356€ | 73.6% | 2 | 741€ |
| 93 | Casa Valdanos02755742 · Construction | <0.1% | 107,101€ | -32.7% | -82,083€ | -76.6% | 1 | 677€ |
| 94 | Gulić - Gradnja02372568 · Construction | <0.1% | 103,967€ | -26.2% | -4,359€ | -4.2% | 3 | 466€ |
| 95 | Prima Team03120457 · Construction | <0.1% | 99,209€ | +61.8% | 6,102€ | 6.2% | 5 | 1,178€ |
| 96 | 4D Tim03778207 · Construction | <0.1% | 99,200€ | No filing for 2024. | 8,001€ | 8.1% | 5 | 404€ |
| 97 | Strelnikov Development Group03541622 · Construction | <0.1% | 86,777€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,930€ | 10.3% | 1 | 981€ |
| 98 | Balboa Bazeni03215318 · Construction | <0.1% | 85,999€ | -3.1% | 14,263€ | 16.6% | 2 | 595€ |
| 99 | Nurkovic Company03646173 · Construction | <0.1% | 81,983€ | +77.4% | 3,929€ | 4.8% | 2 | 677€ |
| 100 | Concrete Flatwork Mne03624919 · Construction | <0.1% | 80,856€ | +122.4% | 2,927€ | 3.6% | 2 | 474€ |