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 1–50 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* |
|---|
| 1 | Bonesa02251531 · Manufacturing | 2.9% | 21,754,073€ | -3.6% | 1,619,973€ | 7.4% | 43 | 1,342€ |
| 2 | Trojan02123258 · Manufacturing | 1.2% | 8,797,874€ | +30.6% | 1,461,241€ | 16.6% | 38 | 864€ |
| 3 | Ferro - Stil02353679 · Manufacturing | 0.7% | 5,367,209€ | +26.3% | 377,711€ | 7.0% | 40 | 1,369€ |
| 4 | VTN - Elektro02458942 · Manufacturing | 0.6% | 4,369,164€ | +23.9% | 191,050€ | 4.4% | 9 | 1,215€ |
| 5 | Đurišić i Kum02379708 · Manufacturing | 0.3% | 2,246,608€ | +8.0% | 144,325€ | 6.4% | 16 | 955€ |
| 6 | Benicomerc02109689 · Manufacturing | 0.3% | 2,104,641€ | -19.6% | 16,729€ | 0.8% | 30 | 655€ |
| 7 | Luksal02657821 · Manufacturing | 0.2% | 1,584,360€ | +20.2% | 40,887€ | 2.6% | 26 | 738€ |
| 8 | Baltez02061341 · Manufacturing | 0.1% | 998,869€ | +31.0% | 202,622€ | 20.3% | 10 | 1,125€ |
| 9 | Montenegro Čeluga02935368 · Manufacturing | 0.1% | 920,494€ | -6.9% | 18,513€ | 2.0% | 30 | 495€ |
| 10 | In Spe02090457 · Manufacturing | 0.1% | 838,821€ | +15.6% | 79,328€ | 9.5% | 21 | 1,018€ |
| 11 | Cezar-Company02805731 · Manufacturing | <0.1% | 697,572€ | +48.5% | 30,122€ | 4.3% | 18 | 918€ |
| 12 | Platex02766175 · Manufacturing | <0.1% | 666,738€ | +22.9% | 113,670€ | 17.0% | 15 | 814€ |
| 13 | Vestek Central03358615 · Manufacturing | <0.1% | 598,819€ | +20.6% | 5,856€ | 1.0% | 12 | 672€ |
| 14 | MP - Figaro02677032 · Manufacturing | <0.1% | 542,845€ | +16.4% | 15,173€ | 2.8% | 23 | 563€ |
| 15 | Biraj Company02880237 · Manufacturing | <0.1% | 523,789€ | +5.4% | 23,437€ | 4.5% | 19 | 809€ |
| 16 | Necron03374629 · Manufacturing | <0.1% | 505,634€ | +189.7% | -146€ | -0.0% | 5 | 613€ |
| 17 | Montenegro Pekara N&T02869039 · Manufacturing | <0.1% | 505,355€ | +14.6% | 64,380€ | 12.7% | 6 | 1,272€ |
| 18 | Kuća Maslina03652564 · Manufacturing | <0.1% | 458,482€ | +148.4% | 68,818€ | 15.0% | 12 | 1,506€ |
| 19 | Beti-Prom02392321 · Manufacturing | <0.1% | 438,381€ | +6.3% | 87,577€ | 20.0% | 10 | 686€ |
| 20 | Matrix Investment03118959 · Manufacturing | <0.1% | 420,200€ | +50.4% | 32,392€ | 7.7% | 4 | 998€ |
| 21 | Barska Uljara02087529 · Manufacturing | <0.1% | 379,646€ | -19.3% | 63,360€ | 16.7% | 5 | 768€ |
| 22 | Vitcom02123959 · Manufacturing | <0.1% | 371,674€ | -18.4% | 10,689€ | 2.9% | 2 | 788€ |
| 23 | Balkan Organics03186024 · Manufacturing | <0.1% | 364,604€ | +65.4% | 9,490€ | 2.6% | 1 | 366€ |
| 24 | Tonipek03065022 · Manufacturing | <0.1% | 361,541€ | +35.9% | 41,371€ | 11.4% | 7 | 699€ |
| 25 | Metal Inženjering Group02708086 · Manufacturing | <0.1% | 342,733€ | +9.1% | 6,996€ | 2.0% | 5 | 859€ |
| 26 | Demir - Al02963981 · Manufacturing | <0.1% | 336,901€ | +113.4% | -33€ | -0.0% | 5 | 955€ |
| 27 | Vela Panels03245233 · Manufacturing | <0.1% | 329,456€ | +27.1% | 3,013€ | 0.9% | 4 | 831€ |
| 28 | Galdi02724413 · Manufacturing | <0.1% | 315,909€ | +16.8% | 156,898€ | 49.7% | 1 | 1,059€ |
| 29 | Amfora Trade - Sutomore02917572 · Manufacturing | <0.1% | 305,494€ | +25.9% | 11,558€ | 3.8% | 9 | 692€ |
| 30 | Inox - Bar02728362 · Manufacturing | <0.1% | 296,561€ | +168.4% | 48,156€ | 16.2% | 2 | 901€ |
| 31 | Ukaj Company Plus02829711 · Manufacturing | <0.1% | 275,486€ | +45.7% | 14,466€ | 5.3% | 7 | 705€ |
| 32 | Megatex02813912 · Manufacturing | <0.1% | 259,940€ | +73.0% | 55,406€ | 21.3% | 5 | 581€ |
| 33 | A68 Montenegro03610560 · Manufacturing | <0.1% | 239,400€ | -63.2% | -31,841€ | -13.3% | 2 | 658€ |
| 34 | Shehu Co02961202 · Manufacturing | <0.1% | 234,902€ | +12.3% | -31,602€ | -13.5% | 8 | 695€ |
| 35 | Ukaj Bakery03312712 · Manufacturing | <0.1% | 228,496€ | +47.3% | 68,784€ | 30.1% | 2 | 958€ |
| 36 | Univerzal Plus02988151 · Manufacturing | <0.1% | 224,793€ | -12.5% | -5,288€ | -2.4% | 4 | 650€ |
| 37 | Shehaj - G Company03530051 · Manufacturing | <0.1% | 209,765€ | +14.3% | 27,387€ | 13.1% | 8 | 638€ |
| 38 | Erijon02777380 · Manufacturing | <0.1% | 204,526€ | +11.7% | -20,325€ | -9.9% | 9 | 874€ |
| 39 | Kale - ND03050521 · Manufacturing | <0.1% | 198,430€ | +25.9% | -553€ | -0.3% | 9 | 702€ |
| 40 | Domestico03082709 · Manufacturing | <0.1% | 196,094€ | +10.1% | 10,920€ | 5.6% | 10 | 610€ |
| 41 | Enterijer Dizajn Studio02421488 · Manufacturing | <0.1% | 184,088€ | -7.8% | -23,787€ | -12.9% | 7 | 759€ |
| 42 | Ah Montenegro03353486 · Manufacturing | <0.1% | 178,593€ | +3.5% | 6,053€ | 3.4% | 5 | 552€ |
| 43 | Tap Jović BR. 102890216 · Manufacturing | <0.1% | 175,312€ | -10.6% | 2,149€ | 1.2% | 3 | 569€ |
| 44 | Egzon Montenegro03360920 · Manufacturing | <0.1% | 173,805€ | +17.6% | 7,257€ | 4.2% | 3 | 738€ |
| 45 | Pekara Tim03549399 · Manufacturing | <0.1% | 171,391€ | +188.0% | 36,433€ | 21.3% | 3 | 1,585€ |
| 46 | Nibek Art02778823 · Manufacturing | <0.1% | 158,002€ | +62.7% | 9,265€ | 5.9% | 4 | 844€ |
| 47 | Greencar.Me03374718 · Manufacturing | <0.1% | 155,398€ | +10.1% | -949€ | -0.6% | 6 | 1,506€ |
| 48 | Korni02358913 · Manufacturing | <0.1% | 137,054€ | -2.1% | 2,523€ | 1.8% | 5 | 623€ |
| 49 | Kolibri Tri03079473 · Manufacturing | <0.1% | 135,453€ | +94.1% | -6,246€ | -4.6% | 8 | 488€ |
| 50 | Bar - Pek02986175 · Manufacturing | <0.1% | 133,971€ | -11.5% | 1,475€ | 1.1% | 7 | 681€ |