Revenue
1.2% of Montenegro's revenue
553 companies earned 210.32m€ in 2025, 1.2% of all company revenue in Montenegro. It ranks 13 of 25 municipalities by revenue. Revenue has grown 1.6× since 2015.
1.2% of Montenegro's revenue
38.2 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno (85)
Total profit: 5.38m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 131,900,869€ | 340 |
| 2016 | 113,840,269€ | 345 |
| 2017 | 126,258,705€ | 363 |
| 2018 | 129,892,428€ | 379 |
| 2019 | 131,696,059€ | 396 |
| 2020 | 106,449,861€ | 423 |
| 2021 | 128,514,940€ | 440 |
| 2022 | 158,125,968€ | 477 |
| 2023 | 183,245,115€ | 527 |
| 2024 | 204,247,324€ | 529 |
| 2025 (Preliminary) | 210,315,231€ | 553 |
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 553
* 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 | Efel Motors02377241 · Trade | 14.2% | 29,883,442€ | +30.5% | 1,124,740€ | 3.8% | 55 | 1,267€ |
| 2 | Martex02124629 · Manufacturing | 5.9% | 12,458,499€ | -9.8% | 87,117€ | 0.7% | 44 | 912€ |
| 3 | Autoventura02428768 · Trade | 4.6% | 9,622,375€ | -13.6% | 458,533€ | 4.8% | 4 | 1,262€ |
| 4 | Montenegro Bonus02384337 · Trade | 3.7% | 7,688,658€ | -13.3% | 30,055€ | 0.4% | 28 | 2,001€ |
| 5 | Efel Travel02404451 · Trade | 3.6% | 7,474,751€ | +12.6% | 121,084€ | 1.6% | 24 | 1,326€ |
| 6 | Humci02633566 · Transport & logistics | 2.9% | 6,192,202€ | -4.4% | 156,096€ | 2.5% | 17 | 769€ |
| 7 | Mediteranea02619784 · Manufacturing | 2.9% | 6,171,336€ | -3.5% | 428,453€ | 6.9% | 18 | 783€ |
| 8 | Pegasus02739208 · Trade | 2.6% | 5,375,954€ | -0.2% | 73,261€ | 1.4% | 26 | 1,140€ |
| 9 | Nani-Prom02445964 · Manufacturing | 2.4% | 5,088,366€ | -11.4% | 135,447€ | 2.7% | 20 | 1,012€ |
| 10 | Flint Šped02792460 · Trade | 1.9% | 4,028,326€ | -27.4% | 258,487€ | 6.4% | 1 | 2,973€ |
| 11 | Montstate02121581 · Manufacturing | 1.9% | 4,002,928€ | -15.5% | 77,148€ | 1.9% | 15 | 929€ |
| 12 | Villa02259184 · Trade | 1.7% | 3,564,049€ | +4.7% | 276,221€ | 7.8% | 21 | 1,459€ |
| 13 | Interproduct02272652 · Manufacturing | 1.7% | 3,515,811€ | +1.3% | 121,371€ | 3.5% | 14 | 1,073€ |
| 14 | Orcos03405834 · Trade | 1.6% | 3,296,997€ | +28.5% | 99,268€ | 3.0% | 22 | 1,565€ |
| 15 | Bombeton02133539 · Construction | 1.5% | 3,248,763€ | +24.0% | 88,484€ | 2.7% | 20 | 913€ |
| 16 | Humci BS03164446 · Trade | 1.5% | 3,238,560€ | -15.5% | 275,084€ | 8.5% | 10 | 828€ |
| 17 | Sušara Stanišić03090582 · Trade | 1.4% | 2,964,703€ | +6.3% | 124,349€ | 4.2% | 1 | 1,800€ |
| 18 | M.M.Auto02417669 · Trade | 1.3% | 2,712,810€ | -0.9% | 12,577€ | 0.5% | 3 | 675€ |
| 19 | Autodeal.Me03299333 · Trade | 1.2% | 2,608,773€ | -16.8% | 7,515€ | 0.3% | 4 | 1,195€ |
| 20 | Zrnožit02117142 · Transport & logistics | 1.2% | 2,567,242€ | -3.4% | 16,103€ | 0.6% | 18 | 1,685€ |
| 21 | Mianja02365987 · Manufacturing | 1.2% | 2,434,446€ | +9.1% | 106,226€ | 4.4% | 27 | 906€ |
| 22 | Vodovod i Kanalizacija-Cetinje02029928 · Energy, water & waste | 1.1% | 2,383,011€ | +8.9% | -236,210€ | -9.9% | 63 | 1,347€ |
| 23 | Cetkom02095360 · Construction | 1.0% | 2,190,104€ | +14.3% | 101,987€ | 4.7% | 26 | 700€ |
| 24 | Mas Trade02332329 · Trade | 1.0% | 2,123,512€ | +21.0% | 136,750€ | 6.4% | 9 | 803€ |
| 25 | Turo02688964 · Manufacturing | 1.0% | 2,119,882€ | +5.9% | 65,529€ | 3.1% | 15 | 1,049€ |
| 26 | Komunalno02004887 · Energy, water & waste | 0.9% | 1,910,203€ | +12.3% | -857,181€ | -44.9% | 85 | 1,439€ |
| 27 | Justinijan02421844 · Construction | 0.9% | 1,874,237€ | -7.7% | -892,344€ | -47.6% | 5 | 501€ |
| 28 | SNJ Gornič02268132 · Manufacturing | 0.9% | 1,871,858€ | +59.7% | 294,584€ | 15.7% | 14 | 1,054€ |
| 29 | Njeguš02410290 · Transport & logistics | 0.8% | 1,711,132€ | +24.9% | 78,785€ | 4.6% | 10 | 2,130€ |
| 30 | Royal Travel03031535 · Transport & logistics | 0.8% | 1,651,922€ | +19.5% | 380,553€ | 23.0% | 14 | 1,792€ |
| 31 | Pištet B02357470 · Trade | 0.8% | 1,610,275€ | +11.6% | 17,145€ | 1.1% | 3 | 1,432€ |
| 32 | Martex Invest03642615 · Construction | 0.7% | 1,431,021€ | +270,926.7% | -39,059€ | -2.7% | 4 | 1,741€ |
| 33 | Plastika02389185 · Trade | 0.7% | 1,399,924€ | -2.0% | 5,713€ | 0.4% | 6 | 741€ |
| 34 | Montell02296390 · Trade | 0.6% | 1,336,089€ | -6.7% | 41,523€ | 3.1% | 14 | 1,655€ |
| 35 | Gradska Cetinje03257207 · Hospitality | 0.6% | 1,319,658€ | -18.1% | 61,053€ | 4.6% | 38 | 1,203€ |
| 36 | Woodline Monte03637000 · Professional services | 0.5% | 1,134,592€ | -52.0% | 291€ | 0.0% | 1 | 759€ |
| 37 | Punt02087065 · Trade | 0.5% | 1,132,533€ | +4.4% | 58,221€ | 5.1% | 5 | 734€ |
| 38 | Obod02004704 · Manufacturing | 0.5% | 1,097,410€ | +22.4% | 174,487€ | 15.9% | 18 | 1,162€ |
| 39 | GP Colosseum03128008 · Construction | 0.5% | 1,030,224€ | -46.6% | 145,794€ | 14.2% | 10 | 643€ |
| 40 | Prima Car02383373 · Trade | 0.5% | 1,012,169€ | -10.9% | 137,814€ | 13.6% | 14 | 721€ |
| 41 | Antenall Company03389448 · Trade | 0.5% | 956,231€ | +74.8% | 124,737€ | 13.0% | 4 | 1,381€ |
| 42 | Monte Vista03037215 · Hospitality | 0.4% | 933,383€ | -6.4% | 51,455€ | 5.5% | 15 | 2,050€ |
| 43 | D - Trans02916274 · Transport & logistics | 0.4% | 923,636€ | +79.8% | 137,005€ | 14.8% | 8 | 1,204€ |
| 44 | Katunjanka02313782 · Manufacturing | 0.4% | 923,352€ | +17.2% | 28,772€ | 3.1% | 10 | 991€ |
| 45 | Vujacomerc02103273 · Trade | 0.4% | 850,677€ | -18.5% | 48,800€ | 5.7% | 5 | 867€ |
| 46 | Trans Lux Rent A Car02979594 · Administrative services | 0.4% | 789,665€ | +11.3% | 79,306€ | 10.0% | 6 | 629€ |
| 47 | Sferihome03430073 · Construction | 0.4% | 781,604€ | +212.5% | 91,906€ | 11.8% | 34 | 563€ |
| 48 | ZMG Group03248623 · Trade | 0.4% | 754,996€ | +26.7% | 91,759€ | 12.2% | 9 | 549€ |
| 49 | Rebuss02786338 · Trade | 0.4% | 738,159€ | +15.1% | 125,826€ | 17.0% | 16 | 722€ |
| 50 | Don Pepe03179672 · Trade | 0.3% | 734,433€ | -8.5% | 14,180€ | 1.9% | 6 | 1,008€ |