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 101–150 of 208
* 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* |
|---|
| 101 | Bmilica03207404 · Manufacturing | <0.1% | 22,806€ | +45.6% | 2,296€ | 10.1% | 1 | 1,316€ |
| 102 | Adria02341344 · Manufacturing | <0.1% | 22,005€ | +28.8% | 0€ | 0.0% | 2 | 609€ |
| 103 | Distanca02336588 · Manufacturing | <0.1% | 21,498€ | -19.6% | 182€ | 0.8% | 2 | 753€ |
| 104 | Blackwood Factory03508986 · Manufacturing | <0.1% | 20,108€ | +19.7% | -10,090€ | -50.2% | 3 | 790€ |
| 105 | Sweet Melodies03648907 · Manufacturing | <0.1% | 19,500€ | -21.2% | 1,783€ | 9.1% | 1 | — |
| 106 | Manat Marine03277330 · Manufacturing | <0.1% | 19,225€ | +2,303.1% | 10,375€ | 54.0% | 1 | — |
| 107 | Oksalin03434656 · Manufacturing | <0.1% | 19,104€ | +1,910,300.0% | -2,502€ | -13.1% | 0 | — |
| 108 | Promo02467755 · Manufacturing | <0.1% | 18,680€ | -33.9% | 975€ | 5.2% | 3 | — |
| 109 | E.U.S. Metal and Wood A.R.T.03524604 · Manufacturing | <0.1% | 16,733€ | +34.9% | 1,880€ | 11.2% | 1 | 870€ |
| 110 | Olivmont03036812 · Manufacturing | <0.1% | 16,677€ | +44.1% | 2,812€ | 16.9% | 1 | — |
| 111 | Ultrasail Group03513378 · Manufacturing | <0.1% | 16,240€ | -41.1% | -10,056€ | -61.9% | 1 | 1,010€ |
| 112 | Olav Olive Wood Montenegro03434427 · Manufacturing | <0.1% | 15,623€ | -15.6% | -699€ | -4.5% | 2 | 537€ |
| 113 | Dizajn03614689 · Manufacturing | <0.1% | 13,560€ | No filing for 2024. | -3,026€ | -22.3% | 2 | 377€ |
| 114 | Studio 2403658643 · Manufacturing | <0.1% | 13,211€ | +148.0% | 2,162€ | 16.4% | 2 | 410€ |
| 115 | Somare Yacht Service03799280 · Manufacturing | <0.1% | 13,203€ | No filing for 2024. | 1,109€ | 8.4% | 1 | — |
| 116 | Wooden Boats Bokovac03300293 · Manufacturing | <0.1% | 13,005€ | +54.3% | -38,147€ | -293.3% | 1 | 1,837€ |
| 117 | S. & S. Birotehnika02175002 · Manufacturing | <0.1% | 12,844€ | +10.2% | -4,432€ | -34.5% | 2 | — |
| 118 | Zana02661136 · Manufacturing | <0.1% | 12,281€ | -3.8% | -23,032€ | -187.5% | 2 | 944€ |
| 119 | Montedekor02381044 · Manufacturing | <0.1% | 12,206€ | -54.8% | -2,595€ | -21.3% | 1 | 677€ |
| 120 | Ukus i Tradicija Pejanović03298370 · Manufacturing | <0.1% | 12,191€ | -18.6% | 862€ | 7.1% | 1 | 677€ |
| 121 | Cross Auto03335534 · Manufacturing | <0.1% | 11,529€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,267€ | 28.3% | 1 | 677€ |
| 122 | Mima-Gluten Free03450023 · Manufacturing | <0.1% | 10,787€ | -5.2% | -7,124€ | -66.0% | 2 | 408€ |
| 123 | Matildaoms03352625 · Manufacturing | <0.1% | 10,650€ | +156.0% | 1,411€ | 13.2% | 1 | 383€ |
| 124 | Jugopapir02083795 · Manufacturing | <0.1% | 10,484€ | +1,048,300.0% | 355€ | 3.4% | 3 | — |
| 125 | Ecostroy.Mne02774518 · Manufacturing | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,554€ | 65.5% | 1 | — |
| 126 | Sverbuch Technologies03452964 · Manufacturing | <0.1% | 9,808€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,134€ | -21.8% | 1 | 922€ |
| 127 | Pekara Stanka02888998 · Manufacturing | <0.1% | 9,401€ | -47.6% | -6,103€ | -64.9% | 4 | — |
| 128 | Marine Tech Service03244415 · Manufacturing | <0.1% | 8,894€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -406€ | -4.6% | 1 | 667€ |
| 129 | 3e Style Enterijer03553736 · Manufacturing | <0.1% | 7,684€ | -0.9% | -14,366€ | -187.0% | 2 | 519€ |
| 130 | Vinarija Klisić02814145 · Manufacturing | <0.1% | 6,934€ | -46.9% | -12,349€ | -178.1% | 2 | 520€ |
| 131 | Aragana Dream03506541 · Manufacturing | <0.1% | 6,927€ | +134.9% | -6,813€ | -98.4% | 1 | 600€ |
| 132 | Auto Klima03519538 · Manufacturing | <0.1% | 6,694€ | +8.2% | -1,518€ | -22.7% | 1 | 674€ |
| 133 | Alhana03791947 · Manufacturing | <0.1% | 6,650€ | No filing for 2024. | 147€ | 2.2% | 2 | — |
| 134 | Vinarija Knjaz03161978 · Manufacturing | <0.1% | 6,085€ | -34.5% | -1,843€ | -30.3% | 1 | — |
| 135 | Shashko03326403 · Manufacturing | <0.1% | 6,040€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,153€ | -35.6% | 1 | 678€ |
| 136 | Saz Grup03549895 · Manufacturing | <0.1% | 6,000€ | +2,900.0% | -5,643€ | -94.1% | 1 | 677€ |
| 137 | Kristinin Šareni Kutak03451895 · Manufacturing | <0.1% | 5,565€ | +17.2% | -582€ | -10.5% | 1 | — |
| 138 | Dance Planet03444791 · Manufacturing | <0.1% | 5,485€ | +1,271.3% | -2,687€ | -49.0% | 1 | 675€ |
| 139 | Hefesto03615618 · Manufacturing | <0.1% | 5,030€ | -72.0% | -5,109€ | -101.6% | 1 | 339€ |
| 140 | Balkanwind LTD03501833 · Manufacturing | <0.1% | 4,956€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,479€ | -130.7% | 1 | 555€ |
| 141 | Papa Beer03192890 · Manufacturing | <0.1% | 4,938€ | -39.4% | -7,143€ | -144.7% | 1 | 677€ |
| 142 | Kolanbur03456293 · Manufacturing | <0.1% | 4,920€ | -22.2% | -26,062€ | -529.7% | 1 | 339€ |
| 143 | Nica Ruštulica03619575 · Manufacturing | <0.1% | 4,730€ | -41.8% | -722€ | -15.3% | 1 | — |
| 144 | Maxannov03159892 · Manufacturing | <0.1% | 4,655€ | -16.7% | -3,563€ | -76.5% | 1 | 677€ |
| 145 | Pletent03040968 · Manufacturing | <0.1% | 4,352€ | -11.5% | -4,886€ | -112.3% | 1 | 510€ |
| 146 | Modni Studio Stil03029182 · Manufacturing | <0.1% | 3,712€ | +4.1% | 504€ | 13.6% | 1 | — |
| 147 | NB Solution03434281 · Manufacturing | <0.1% | 3,681€ | +253.9% | 744€ | 20.2% | 1 | — |
| 148 | Metal Art03349039 · Manufacturing | <0.1% | 3,680€ | -83.4% | -9,331€ | -253.6% | 1 | 677€ |
| 149 | La Baby Concept03620662 · Manufacturing | <0.1% | 3,568€ | -70.8% | -164€ | -4.6% | 1 | — |
| 150 | Kamelija Karađuzović03344525 · Manufacturing | <0.1% | 3,562€ | -77.4% | -15,898€ | -446.3% | 2 | 670€ |