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 151–200 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* |
|---|
| 151 | RAD&TIM03290247 · Trade | <0.1% | 115,640€ | +218.3% | 3,381€ | 2.9% | 1 | 812€ |
| 152 | Makka Wine03250989 · Trade | <0.1% | 114,469€ | +2.3% | 4,036€ | 3.5% | 1 | 339€ |
| 153 | Stole02918269 · Trade | <0.1% | 112,755€ | +1.5% | -21,303€ | -18.9% | 3 | 1,019€ |
| 154 | Amika02911019 · Trade | <0.1% | 112,669€ | -23.1% | 7,760€ | 6.9% | 2 | 1,541€ |
| 155 | Coffee02851539 · Trade | <0.1% | 109,114€ | +23.0% | 1,558€ | 1.4% | 1 | 1,228€ |
| 156 | Successo MN03079775 · Trade | <0.1% | 107,514€ | -49.6% | -17,147€ | -15.9% | 4 | 835€ |
| 157 | Lee - Fast03281213 · Trade | <0.1% | 106,074€ | +4.9% | -53,848€ | -50.8% | 2 | 1,550€ |
| 158 | Thermo Max Mne03478971 · Trade | <0.1% | 105,434€ | +430.0% | 6,281€ | 6.0% | 2 | 1,857€ |
| 159 | Apia Trade03127109 · Trade | <0.1% | 104,646€ | +95.1% | 15,542€ | 14.9% | 4 | 810€ |
| 160 | P8103350452 · Trade | <0.1% | 103,665€ | +4.0% | -23,903€ | -23.1% | 6 | 879€ |
| 161 | Expertmobile03129543 · Trade | <0.1% | 103,480€ | -8.7% | 1,244€ | 1.2% | 4 | 497€ |
| 162 | Đurašević Company02400847 · Trade | <0.1% | 100,609€ | -1.5% | 4,833€ | 4.8% | 2 | 717€ |
| 163 | Lens Teknoloji03710084 · Trade | <0.1% | 100,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,628€ | -12.6% | 13 | 487€ |
| 164 | Lamifi03093891 · Trade | <0.1% | 96,452€ | +48.0% | 942€ | 1.0% | 2 | 546€ |
| 165 | Elmat02620928 · Trade | <0.1% | 96,327€ | +8.0% | 671€ | 0.7% | 1 | 1,156€ |
| 166 | Beer Brothers03332225 · Trade | <0.1% | 96,245€ | -28.8% | 23,724€ | 24.6% | 2 | 513€ |
| 167 | Insignia03247970 · Trade | <0.1% | 95,710€ | -11.9% | -3,348€ | -3.5% | 4 | 653€ |
| 168 | Qbik Textile03618684 · Trade | <0.1% | 93,851€ | +16.8% | 25,098€ | 26.7% | 2 | 930€ |
| 169 | Bonaca Trade03075281 · Trade | <0.1% | 90,779€ | -16.5% | 26,989€ | 29.7% | 3 | 659€ |
| 170 | Carević03123057 · Trade | <0.1% | 89,291€ | +94.9% | 27,804€ | 31.1% | 1 | 2,164€ |
| 171 | Ketering Servis03009408 · Trade | <0.1% | 88,749€ | +34.4% | 9,183€ | 10.3% | 1 | 851€ |
| 172 | Max - Ap02454319 · Trade | <0.1% | 87,936€ | +66.8% | -3,570€ | -4.1% | 1 | 675€ |
| 173 | Nelix02862565 · Trade | <0.1% | 86,916€ | -10.3% | 7,551€ | 8.7% | 3 | 981€ |
| 174 | Strim Link02291959 · Trade | <0.1% | 86,127€ | -62.7% | -2,430€ | -2.8% | 1 | 923€ |
| 175 | Sphere Optometry Center Budva03310094 · Trade | <0.1% | 86,003€ | -10.2% | 1,941€ | 2.3% | 2 | 1,063€ |
| 176 | Fija02909871 · Trade | <0.1% | 85,366€ | -9.2% | 6,699€ | 7.8% | 2 | 988€ |
| 177 | Rouz03405893 · Trade | <0.1% | 83,488€ | +11.2% | 3,760€ | 4.5% | 1 | 995€ |
| 178 | Marvel Star03299384 · Trade | <0.1% | 81,808€ | -11.0% | -9,210€ | -11.3% | 3 | 712€ |
| 179 | Grass Official03239993 · Trade | <0.1% | 77,653€ | +2.2% | 4,710€ | 6.1% | 3 | 518€ |
| 180 | Cec Group03228592 · Trade | <0.1% | 77,300€ | -44.1% | 40,341€ | 52.2% | 1 | 2,763€ |
| 181 | Asja02984873 · Trade | <0.1% | 75,493€ | +1.9% | 14,525€ | 19.2% | 1 | 507€ |
| 182 | DM Vipo Trgovina02744244 · Trade | <0.1% | 73,293€ | +27.8% | -10,298€ | -14.1% | 1 | 850€ |
| 183 | Obis02735075 · Trade | <0.1% | 72,550€ | +2.1% | -10,132€ | -14.0% | 5 | 703€ |
| 184 | Viktoria Trade02710269 · Trade | <0.1% | 71,568€ | +14.7% | -15,333€ | -21.4% | 4 | 493€ |
| 185 | Ilproduct03088405 · Trade | <0.1% | 70,385€ | -9.1% | 25,629€ | 36.4% | 2 | — |
| 186 | MVP 10003672867 · Trade | <0.1% | 69,598€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,886€ | 9.9% | 1 | — |
| 187 | Sea Store03086135 · Trade | <0.1% | 69,167€ | -4.1% | 3,666€ | 5.3% | 1 | 849€ |
| 188 | Harman03124371 · Trade | <0.1% | 69,108€ | -12.8% | 7,667€ | 11.1% | 2 | 506€ |
| 189 | Novi Dom Monte03418901 · Trade | <0.1% | 68,465€ | +141.6% | 1,629€ | 2.4% | 1 | 805€ |
| 190 | Serdar Company02938294 · Trade | <0.1% | 66,776€ | -32.6% | 3,362€ | 5.0% | 1 | 1,454€ |
| 191 | Julia Arto03731804 · Trade | <0.1% | 64,464€ | No filing for 2024. | 8,474€ | 13.1% | 2 | 623€ |
| 192 | M.V.M. Trade02655535 · Trade | <0.1% | 64,203€ | -18.8% | 335€ | 0.5% | 3 | 699€ |
| 193 | Vedro Nebo03705960 · Trade | <0.1% | 64,167€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,394€ | -2.2% | 1 | 675€ |
| 194 | Silbi02666529 · Trade | <0.1% | 60,621€ | -12.8% | -22,071€ | -36.4% | 4 | 670€ |
| 195 | Marketing Hub Mne03634906 · Trade | <0.1% | 60,000€ | -29.4% | 5,388€ | 9.0% | 10 | 426€ |
| 196 | Dolce LG03242528 · Trade | <0.1% | 59,286€ | +19.4% | -9,733€ | -16.4% | 5 | 560€ |
| 197 | Iq Fashion02931036 · Trade | <0.1% | 56,455€ | -3.8% | -4,797€ | -8.5% | 2 | 895€ |
| 198 | Ming Yuan03059855 · Trade | <0.1% | 55,639€ | +1.0% | 332€ | 0.6% | 2 | 820€ |
| 199 | Rich Online World03452301 · Trade | <0.1% | 55,322€ | +27.9% | 2,848€ | 5.1% | 4 | 946€ |
| 200 | Pepa 88803624374 · Trade | <0.1% | 52,650€ | -51.4% | -5,520€ | -10.5% | 1 | 678€ |