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 1,051
* 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 | Clover Group03320782 · Trade | <0.1% | 277,620€ | -0.9% | -25,278€ | -9.1% | 2 | 1,755€ |
| 102 | Vitamed03677028 · Trade | <0.1% | 271,867€ | +202.1% | -34,010€ | -12.5% | 5 | 1,361€ |
| 103 | Sami Trade02372720 · Trade | <0.1% | 271,473€ | +8.3% | 15,983€ | 5.9% | 3 | 955€ |
| 104 | MM Steel Company03330877 · Trade | <0.1% | 262,480€ | -5.1% | 20,708€ | 7.9% | 1 | 670€ |
| 105 | G&T Group02958333 · Trade | <0.1% | 261,127€ | -17.2% | 3,366€ | 1.3% | 5 | 691€ |
| 106 | Gastro-Win03356043 · Trade | <0.1% | 259,730€ | +52.7% | 9,093€ | 3.5% | 1 | 860€ |
| 107 | Ceklin 102978172 · Trade | <0.1% | 258,711€ | +362.9% | 12,136€ | 4.7% | 3 | 444€ |
| 108 | Free Point03451585 · Trade | <0.1% | 245,690€ | +9.9% | -873€ | -0.4% | 2 | 1,631€ |
| 109 | Krstin Montenegro03172082 · Trade | <0.1% | 237,128€ | -13.2% | 49,349€ | 20.8% | 4 | 815€ |
| 110 | Mix Markt 380903606643 · Trade | <0.1% | 235,786€ | -5.2% | -33,477€ | -14.2% | 3 | 1,061€ |
| 111 | La Monte02967189 · Trade | <0.1% | 233,450€ | +35.7% | 59,116€ | 25.3% | 3 | 808€ |
| 112 | Oktel - Oprema02397331 · Trade | <0.1% | 229,123€ | -57.3% | -103,644€ | -45.2% | 4 | 1,591€ |
| 113 | Pro Mare02747561 · Trade | <0.1% | 228,695€ | +4.1% | 16,648€ | 7.3% | 3 | 1,034€ |
| 114 | Kiprijan03095495 · Trade | <0.1% | 226,366€ | -15.9% | 20,253€ | 8.9% | 2 | 1,896€ |
| 115 | Mix Markt 381003654257 · Trade | <0.1% | 226,366€ | +83.1% | -45,491€ | -20.1% | 3 | 701€ |
| 116 | 35 Izmir03226506 · Trade | <0.1% | 209,233€ | +9.6% | 807€ | 0.4% | 1 | 928€ |
| 117 | Zenith Strategies03615456 · Trade | <0.1% | 206,960€ | +175.9% | 69,766€ | 33.7% | 15 | 745€ |
| 118 | Filip 00703063186 · Trade | <0.1% | 205,997€ | +8.0% | -11,363€ | -5.5% | 3 | — |
| 119 | D. I. T - A02677652 · Trade | <0.1% | 200,158€ | -6.4% | 23,824€ | 11.9% | 2 | 869€ |
| 120 | 3. Septembar03037649 · Trade | <0.1% | 199,116€ | +12.8% | 22,253€ | 11.2% | 2 | 1,093€ |
| 121 | Zvis02189909 · Trade | <0.1% | 196,903€ | -14.8% | 2,237€ | 1.1% | 3 | 667€ |
| 122 | Menu+03260313 · Trade | <0.1% | 190,964€ | -2.9% | 2,491€ | 1.3% | 1 | 470€ |
| 123 | Bošković02083272 · Trade | <0.1% | 188,779€ | -12.2% | -39,687€ | -21.0% | 5 | 787€ |
| 124 | Pool Chemicals03060730 · Trade | <0.1% | 187,080€ | +1.5% | 42,826€ | 22.9% | 2 | 1,324€ |
| 125 | Arikans Group03374815 · Trade | <0.1% | 186,345€ | +20.8% | 16,724€ | 9.0% | 4 | 1,045€ |
| 126 | MP - D Company02873044 · Trade | <0.1% | 182,205€ | +5.1% | 682€ | 0.4% | 11 | 974€ |
| 127 | Gator02858479 · Trade | <0.1% | 178,840€ | -8.9% | 188€ | 0.1% | 5 | 1,065€ |
| 128 | Makica Company03248976 · Trade | <0.1% | 177,732€ | +24.6% | 31,755€ | 17.9% | 4 | 793€ |
| 129 | Bogutovo-Montenegro03156036 · Trade | <0.1% | 177,061€ | +46.0% | 5,363€ | 3.0% | 1 | 678€ |
| 130 | Hermann03367444 · Trade | <0.1% | 176,391€ | -72.5% | 160,277€ | 90.9% | 1 | 453€ |
| 131 | Vila Fashion03621014 · Trade | <0.1% | 168,865€ | +1,292.8% | -28,614€ | -16.9% | 4 | 517€ |
| 132 | Giuseppe Boka03692205 · Trade | <0.1% | 167,081€ | +1,023.5% | 24,632€ | 14.7% | 4 | 823€ |
| 133 | Gewdan03538630 · Trade | <0.1% | 165,903€ | +62.1% | -24,037€ | -14.5% | 1 | 1,295€ |
| 134 | Mlaz02116553 · Trade | <0.1% | 162,318€ | +606.3% | 1,034€ | 0.6% | 4 | 466€ |
| 135 | Sonuva03509567 · Trade | <0.1% | 156,685€ | -56.9% | 47,476€ | 30.3% | 1 | 1,001€ |
| 136 | Lilies02894157 · Trade | <0.1% | 154,094€ | +8.6% | 8,543€ | 5.5% | 4 | 1,059€ |
| 137 | Elektrojug02092646 · Trade | <0.1% | 150,927€ | -39.9% | -34,484€ | -22.8% | 6 | 543€ |
| 138 | Balkan Centar03382222 · Trade | <0.1% | 149,769€ | -58.3% | 39,256€ | 26.2% | 2 | 462€ |
| 139 | Frutko Trade03427242 · Trade | <0.1% | 149,086€ | +249.8% | 1,082€ | 0.7% | 6 | 360€ |
| 140 | Svetlychny Company02982374 · Trade | <0.1% | 146,749€ | -5.8% | -9,007€ | -6.1% | 6 | 694€ |
| 141 | Alpha Management03428699 · Trade | <0.1% | 143,617€ | +477.1% | 11,355€ | 7.9% | 1 | 926€ |
| 142 | Banović Company02778092 · Trade | <0.1% | 139,110€ | +25.4% | -8,699€ | -6.3% | 2 | 395€ |
| 143 | Rise Trading03531325 · Trade | <0.1% | 138,870€ | +93.0% | 5,015€ | 3.6% | 10 | 801€ |
| 144 | Ansa02199050 · Trade | <0.1% | 138,227€ | +12.7% | -15,414€ | -11.2% | 3 | 1,027€ |
| 145 | Elite Čaj03021408 · Trade | <0.1% | 137,530€ | +4.2% | 291€ | 0.2% | 10 | 476€ |
| 146 | Volt03074927 · Trade | <0.1% | 131,571€ | -8.9% | -8,167€ | -6.2% | 3 | 1,030€ |
| 147 | Tilia02218208 · Trade | <0.1% | 123,962€ | +36.9% | 14,419€ | 11.6% | 4 | 602€ |
| 148 | Five02787105 · Trade | <0.1% | 123,605€ | +38.1% | 17,062€ | 13.8% | 3 | 747€ |
| 149 | Infinity Board & Paper03115275 · Trade | <0.1% | 118,464€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,567€ | -13.1% | 2 | 753€ |
| 150 | Auto Start02439743 · Trade | <0.1% | 117,796€ | +13.8% | 65€ | 0.1% | 1 | 1,352€ |