Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
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 775
* 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 | Nova Development Company03306275 · Construction | <0.1% | 232,985€ | +36,823.1% | -77,548€ | -33.3% | 1 | 1,341€ |
| 102 | Titulum03125408 · Construction | <0.1% | 226,540€ | +856.1% | -78,747€ | -34.8% | 6 | 1,055€ |
| 103 | Prostor Plus MN03008223 · Construction | <0.1% | 226,012€ | -18.0% | 3,077€ | 1.4% | 2 | 4,920€ |
| 104 | The House Project03291421 · Construction | <0.1% | 224,340€ | +167.1% | 81,097€ | 36.1% | 1 | 2,488€ |
| 105 | Hestia Invest03003574 · Construction | <0.1% | 220,587€ | +70.4% | -37,825€ | -17.1% | 5 | 534€ |
| 106 | KW-Mont02832682 · Construction | <0.1% | 215,588€ | -22.3% | 4,321€ | 2.0% | 3 | 1,292€ |
| 107 | Tehniko System03045030 · Construction | <0.1% | 208,638€ | -19.6% | -22,498€ | -10.8% | 3 | 958€ |
| 108 | DK Invest Group03309169 · Construction | <0.1% | 205,615€ | -27.6% | -33,324€ | -16.2% | 3 | 1,759€ |
| 109 | Hidro-Vision03361985 · Construction | <0.1% | 203,867€ | +45.9% | 49,017€ | 24.0% | 3 | 837€ |
| 110 | Robotas Construction03370224 · Construction | <0.1% | 201,728€ | +5.9% | 1,452€ | 0.7% | 5 | 766€ |
| 111 | Don Invesment03027902 · Construction | <0.1% | 188,303€ | +1.3% | 48,068€ | 25.5% | 0 | — |
| 112 | Nestorović Gradnja03312909 · Construction | <0.1% | 187,455€ | +13.5% | -21,236€ | -11.3% | 14 | 769€ |
| 113 | Come Hear03136086 · Construction | <0.1% | 185,397€ | -79.3% | 1,042€ | 0.6% | 4 | 936€ |
| 114 | Veneziano Colori03283496 · Construction | <0.1% | 182,663€ | +304.3% | -23,866€ | -13.1% | 4 | 1,206€ |
| 115 | MCG Montenegro02749998 · Construction | <0.1% | 180,053€ | -73.9% | 98,129€ | 54.5% | 1 | 703€ |
| 116 | MR Glass03277283 · Construction | <0.1% | 177,947€ | +81.0% | 17,127€ | 9.6% | 2 | 799€ |
| 117 | T & M Commerce03037789 · Construction | <0.1% | 176,353€ | +74.5% | -52,413€ | -29.7% | 3 | 670€ |
| 118 | Grand Stroy Group03151085 · Construction | <0.1% | 172,134€ | -79.5% | 19,384€ | 11.3% | 1 | 708€ |
| 119 | Egec Mne03336336 · Construction | <0.1% | 171,391€ | +93.9% | 20,687€ | 12.1% | 4 | 319€ |
| 120 | Ilk-Kraja03698874 · Construction | <0.1% | 163,407€ | +519.6% | 4,015€ | 2.5% | 9 | 1,107€ |
| 121 | Lotos CG03303543 · Construction | <0.1% | 161,929€ | +13.3% | 45,525€ | 28.1% | 2 | 563€ |
| 122 | Momo - P03070298 · Construction | <0.1% | 161,646€ | -24.8% | 3,404€ | 2.1% | 4 | 824€ |
| 123 | Bogi Commerce02457326 · Construction | <0.1% | 158,812€ | -67.5% | 15,751€ | 9.9% | 4 | 663€ |
| 124 | Horizont Invest02770709 · Construction | <0.1% | 156,011€ | +128.8% | -220,297€ | -141.2% | 15 | 758€ |
| 125 | Kepenek Group03351718 · Construction | <0.1% | 156,000€ | +4.0% | 36,434€ | 23.4% | 3 | 583€ |
| 126 | Lumenlux Budva02955385 · Construction | <0.1% | 154,826€ | +3.5% | 3,302€ | 2.1% | 6 | 749€ |
| 127 | S.M.S. Enterijer03104311 · Construction | <0.1% | 153,683€ | +12.6% | 4,863€ | 3.2% | 4 | 1,632€ |
| 128 | Tovuz 06003730719 · Construction | <0.1% | 153,221€ | No filing for 2024. | -57,996€ | -37.9% | 12 | 1,278€ |
| 129 | Willis Project03708098 · Construction | <0.1% | 152,077€ | +22,133.5% | -5,033€ | -3.3% | 1 | 1,508€ |
| 130 | Av Gradnja03278298 · Construction | <0.1% | 151,520€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 27,227€ | 18.0% | 1 | 675€ |
| 131 | Color Impress 8603747131 · Construction | <0.1% | 148,627€ | No filing for 2024. | 11,805€ | 7.9% | 0 | — |
| 132 | Status Stroy Group03163377 · Construction | <0.1% | 147,065€ | -97.2% | -52,025€ | -35.4% | 3 | 374€ |
| 133 | Sita03231569 · Construction | <0.1% | 145,607€ | +107.1% | 11,637€ | 8.0% | 6 | 1,239€ |
| 134 | Monteflower02646137 · Construction | <0.1% | 142,601€ | -19.0% | -11,081€ | -7.8% | 1 | 1,170€ |
| 135 | Erand Gradnja Mne03732177 · Construction | <0.1% | 141,393€ | No filing for 2024. | 25,933€ | 18.3% | 3 | 677€ |
| 136 | Mistery02725452 · Construction | <0.1% | 134,118€ | +45.8% | 95,881€ | 71.5% | 2 | 675€ |
| 137 | Green Air03327345 · Construction | <0.1% | 126,716€ | -54.4% | 1,254€ | 1.0% | 2 | 942€ |
| 138 | R & V Fenix03237737 · Construction | <0.1% | 126,596€ | +47.6% | 18,805€ | 14.9% | 1 | — |
| 139 | Lever Inženjering02952360 · Construction | <0.1% | 126,357€ | -77.3% | 9,979€ | 7.9% | 1 | 926€ |
| 140 | Fjondra03132498 · Construction | <0.1% | 121,534€ | -25.9% | -61,589€ | -50.7% | 5 | 734€ |
| 141 | Urbania02922908 · Construction | <0.1% | 121,189€ | -54.0% | -14,641€ | -12.1% | 3 | 1,089€ |
| 142 | Rudi Dizajn Mne03679209 · Construction | <0.1% | 120,054€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -52,030€ | -43.3% | 2 | 2,083€ |
| 143 | Aliyev&Company03760723 · Construction | <0.1% | 119,501€ | No filing for 2024. | -32,743€ | -27.4% | 2 | 439€ |
| 144 | Elektro-Piva02665204 · Construction | <0.1% | 119,288€ | +27.8% | 5,010€ | 4.2% | 3 | 860€ |
| 145 | Lale Company03283054 · Construction | <0.1% | 117,855€ | No filing for 2024. | 29,434€ | 25.0% | 2 | — |
| 146 | Pashasoy Construction03793338 · Construction | <0.1% | 111,785€ | No filing for 2024. | 42,193€ | 37.7% | 1 | — |
| 147 | WP Systems03488985 · Construction | <0.1% | 111,389€ | -3.3% | 2,300€ | 2.1% | 2 | 1,764€ |
| 148 | Progress Company03128849 · Construction | <0.1% | 109,722€ | +66.9% | 15,767€ | 14.4% | 2 | 847€ |
| 149 | Monti Company03423077 · Construction | <0.1% | 109,563€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,283€ | 20.3% | 1 | 561€ |
| 150 | 10 Plus03651860 · Construction | <0.1% | 108,591€ | +27.5% | 49,152€ | 45.3% | 1 | 423€ |