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 2201–2250 of 5,552
* 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* |
|---|
| 2201 | KZY Yapi03649571 · Construction | <0.1% | 10,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 866€ | 8.4% | 1 | 675€ |
| 2202 | Can Travel03132439 · Real estate | <0.1% | 10,298€ | +294.4% | -3,798€ | -36.9% | 2 | 497€ |
| 2203 | Bondanna03432963 · Technology | <0.1% | 10,280€ | -24.6% | -2,369€ | -23.0% | 1 | 926€ |
| 2204 | Forsis03394832 · Administrative services | <0.1% | 10,280€ | +94.1% | -3,137€ | -30.5% | 1 | 338€ |
| 2205 | Adriatic Thomas Investment03563090 · Real estate | <0.1% | 10,265€ | -23.4% | -2,189€ | -21.3% | 2 | 448€ |
| 2206 | Afanasenkoff Group03680525 · Personal services | <0.1% | 10,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,298€ | -90.7% | 1 | 757€ |
| 2207 | Spectr-Service CO.03421457 · Trade | <0.1% | 10,250€ | +649.3% | -2,530€ | -24.7% | 1 | 924€ |
| 2208 | Fermaltech Montenegro Limited03387879 · Professional services | <0.1% | 10,174€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,118€ | 11.0% | 1 | 677€ |
| 2209 | Grand Turizmo02921081 · Transport & logistics | <0.1% | 10,135€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,889€ | -166.6% | 1 | 677€ |
| 2210 | Southsea Innovations03615138 · Hospitality | <0.1% | 10,128€ | -45.7% | -10,248€ | -101.2% | 2 | 470€ |
| 2211 | Kate Project03473651 · Professional services | <0.1% | 10,106€ | -8.0% | -98€ | -1.0% | 1 | 678€ |
| 2212 | MT Legal Consulting03619621 · Professional services | <0.1% | 10,100€ | +18.8% | -328€ | -3.2% | 1 | 853€ |
| 2213 | Black Fox03524426 · Trade | <0.1% | 10,060€ | +13.8% | 426€ | 4.2% | 1 | 677€ |
| 2214 | Brachia03778479 · Construction | <0.1% | 10,002€ | No filing for 2024. | -380€ | -3.8% | 1 | 388€ |
| 2215 | Collective Media Solutions03506223 · Professional services | <0.1% | 10,000€ | -69.4% | -12,249€ | -122.5% | 1 | 677€ |
| 2216 | Dobrograd03653943 · Construction | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,738€ | -37.4% | 1 | 1,055€ |
| 2217 | Ege Company03677508 · Administrative services | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -368€ | -3.7% | 1 | 675€ |
| 2218 | Favorit Home03084299 · Manufacturing | <0.1% | 10,000€ | +11.1% | 107€ | 1.1% | 2 | — |
| 2219 | It-Legend Technologies03569462 · Technology | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,127€ | 11.3% | 1 | 678€ |
| 2220 | Sea Wolf Montenegro03706770 · Transport & logistics | <0.1% | 10,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -978€ | -9.8% | 1 | 678€ |
| 2221 | Sina Trading02622564 · Construction | <0.1% | 10,000€ | +71.4% | 8,459€ | 84.6% | 1 | — |
| 2222 | Flash Print System03764311 · Manufacturing | <0.1% | 10,000€ | No filing for 2024. | 3,334€ | 33.3% | 0 | — |
| 2223 | Marat Gelman & CO.03349845 · Technology | <0.1% | 10,000€ | +2.5% | -1,554€ | -15.5% | 1 | — |
| 2224 | Mercury Group03089363 · Real estate | <0.1% | 10,000€ | -47.4% | 2,516€ | 25.2% | 1 | 422€ |
| 2225 | Wahelp03358755 · Technology | <0.1% | 9,950€ | +1.7% | 736€ | 7.4% | 1 | 677€ |
| 2226 | Scout02665484 · Hospitality | <0.1% | 9,917€ | +71.4% | -28,026€ | -282.6% | 1 | 670€ |
| 2227 | Autoplus02410885 · Trade | <0.1% | 9,917€ | -7.7% | -1,224€ | -12.3% | 1 | 883€ |
| 2228 | Montmorency03252795 · Real estate | <0.1% | 9,917€ | -45.5% | -27,263€ | -274.9% | 1 | 1,086€ |
| 2229 | Tud03513629 · Arts & entertainment | <0.1% | 9,880€ | -46.1% | -8,515€ | -86.2% | 1 | 926€ |
| 2230 | Svarog Namještaj03546195 · Manufacturing | <0.1% | 9,870€ | -74.4% | -21,293€ | -215.7% | 2 | 563€ |
| 2231 | Esse03619885 · Hospitality | <0.1% | 9,854€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,280€ | -114.5% | 1 | 706€ |
| 2232 | Budva Smart Service03470563 · Administrative services | <0.1% | 9,852€ | +28.2% | -19,819€ | -201.2% | 2 | 680€ |
| 2233 | Bunny Media03623653 · Technology | <0.1% | 9,842€ | -33.4% | -1,511€ | -15.4% | 1 | 402€ |
| 2234 | K-Lab Cosmetic & Beauty03679357 · Trade | <0.1% | 9,830€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,506€ | -279.8% | 2 | 764€ |
| 2235 | Enki - Group02905086 · Construction | <0.1% | 9,806€ | -93.9% | -33,521€ | -341.8% | 3 | 655€ |
| 2236 | Geodron03389588 · Professional services | <0.1% | 9,800€ | +4,849.5% | -175€ | -1.8% | 1 | 515€ |
| 2237 | Dadash Company03618676 · Construction | <0.1% | 9,780€ | -65.8% | -3,443€ | -35.2% | 1 | 696€ |
| 2238 | Isotech03489442 · Professional services | <0.1% | 9,754€ | +32.0% | 588€ | 6.0% | 1 | 677€ |
| 2239 | Blue Orange Company03633870 · Hospitality | <0.1% | 9,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22€ | 0.2% | 1 | 670€ |
| 2240 | Amperetechnology03552756 · Construction | <0.1% | 9,746€ | -65.0% | -4,534€ | -46.5% | 1 | 677€ |
| 2241 | Placer03042448 · Hospitality | <0.1% | 9,740€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,584€ | -57.3% | 1 | 718€ |
| 2242 | V.Dora02977656 · Trade | <0.1% | 9,738€ | -26.5% | -14,012€ | -143.9% | 2 | 410€ |
| 2243 | Hvac Airpro System03561291 · Construction | <0.1% | 9,705€ | -46.0% | -7,510€ | -77.4% | 2 | 677€ |
| 2244 | Ali Mne03522342 · Administrative services | <0.1% | 9,700€ | +71.0% | 687€ | 7.1% | 1 | 677€ |
| 2245 | Arya Asya Turizm03632903 · Hospitality | <0.1% | 9,693€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,045€ | -72.7% | 1 | 675€ |
| 2246 | Kapostroj03541762 · Construction | <0.1% | 9,676€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,430€ | -14.8% | 1 | 831€ |
| 2247 | Senvenli Company03617092 · Professional services | <0.1% | 9,632€ | +10.1% | 560€ | 5.8% | 1 | 678€ |
| 2248 | Alonso 1403628264 · Administrative services | <0.1% | 9,580€ | +117.9% | -27,599€ | -288.1% | 3 | 638€ |
| 2249 | Wishnova Consulting03425860 · Professional services | <0.1% | 9,520€ | +1,260.0% | -2,748€ | -28.9% | 1 | 991€ |
| 2250 | Blaga03300218 · Trade | <0.1% | 9,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -45,962€ | -483.8% | 2 | 576€ |