Revenue
0.3% of Montenegro's revenue
223 companies earned 52.61m€ in 2025, 0.3% of all company revenue in Montenegro. It ranks 17 of 25 municipalities by revenue. Revenue has grown 4.2× since 2015.
0.3% of Montenegro's revenue
33.3 per 1,000 residents · Montenegro 57.3
Largest employer: Water Group (82)
Total profit: -1.47m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 12,396,109€ | 113 |
| 2016 | 13,293,493€ | 118 |
| 2017 | 18,210,775€ | 126 |
| 2018 | 21,925,264€ | 138 |
| 2019 | 25,829,285€ | 152 |
| 2020 | 23,023,993€ | 160 |
| 2021 | 28,442,594€ | 174 |
| 2022 | 39,154,634€ | 185 |
| 2023 | 46,175,233€ | 212 |
| 2024 | 45,899,299€ | 215 |
| 2025 (Preliminary) | 52,610,758€ | 223 |
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 223
* 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 | Water Group02437805 · Manufacturing | 12.4% | 6,545,484€ | -2.2% | 390,052€ | 6.0% | 82 | 1,149€ |
| 2 | Vib Beton03218830 · Manufacturing | 11.5% | 6,039,861€ | +30.8% | 153,190€ | 2.5% | 20 | 846€ |
| 3 | U.C.C. Montekop03289028 · Construction | 7.3% | 3,816,885€ | -21.6% | 13,035€ | 0.3% | 52 | 1,180€ |
| 4 | Keker02387158 · Manufacturing | 4.5% | 2,342,510€ | +33.3% | 148,013€ | 6.3% | 42 | 1,116€ |
| 5 | Explorer02443112 · Administrative services | 4.4% | 2,316,391€ | +4.3% | 3,419€ | 0.1% | 54 | 1,241€ |
| 6 | Ski Resort Kolašin-160003123553 · Construction | 3.7% | 1,932,656€ | +352.8% | -1,792,205€ | -92.7% | 66 | 1,758€ |
| 7 | Cetmar Kujović02462931 · Trade | 2.7% | 1,443,781€ | +4.0% | 3,065€ | 0.2% | 9 | 824€ |
| 8 | RS Gradnja03352234 · Construction | 2.7% | 1,428,390€ | +1,805.4% | 207,812€ | 14.5% | 1 | 2,768€ |
| 9 | Županovac M03022781 · Trade | 2.5% | 1,337,109€ | -12.3% | 88€ | 0.0% | 10 | 698€ |
| 10 | Delfipharm02654032 · Trade | 2.2% | 1,177,162€ | +12.3% | 25,160€ | 2.1% | 4 | 3,031€ |
| 11 | Ivana V.B.02823411 · Trade | 1.8% | 964,396€ | +6.0% | 20,218€ | 2.1% | 5 | 1,302€ |
| 12 | Komunalno02788730 · Energy, water & waste | 1.8% | 950,962€ | -11.1% | 37,338€ | 3.9% | 30 | 1,371€ |
| 13 | NV Group02873567 · Hospitality | 1.7% | 878,414€ | +156.5% | 4,008€ | 0.5% | 8 | 2,164€ |
| 14 | Viamont03110281 · Professional services | 1.6% | 844,521€ | +91.4% | 15,730€ | 1.9% | 9 | 1,011€ |
| 15 | Dron03396673 · Trade | 1.5% | 780,969€ | +17.5% | 30,839€ | 3.9% | 4 | 1,043€ |
| 16 | Raj Grup03029662 · Hospitality | 1.5% | 774,737€ | +26.0% | 72,497€ | 9.4% | 17 | 1,206€ |
| 17 | Braća Selić02004461 · Education | 1.3% | 679,688€ | -5.7% | -3,638€ | -0.5% | 36 | 1,372€ |
| 18 | Ski Resort - Kolašin 145002688778 · Arts & entertainment | 1.2% | 657,312€ | +76.8% | -864,647€ | -131.5% | 21 | 2,825€ |
| 19 | Sherpas03361969 · Hospitality | 1.2% | 626,938€ | +27.0% | 14,416€ | 2.3% | 15 | 1,257€ |
| 20 | R.S.NEC02820897 · Trade | 1.1% | 603,651€ | +41.7% | -16,151€ | -2.7% | 4 | 577€ |
| 21 | North Tour Montenegro03175871 · Administrative services | 1.1% | 581,995€ | +40.4% | 57,924€ | 10.0% | 4 | 1,247€ |
| 22 | Vodovod i Kanalizacija02788748 · Energy, water & waste | 1.1% | 571,748€ | +20.9% | 43,122€ | 7.5% | 28 | 1,086€ |
| 23 | White Wave02700905 · Hospitality | 1.1% | 568,281€ | -5.3% | 999€ | 0.2% | 24 | 661€ |
| 24 | Our SFRJ03271005 · Hospitality | 1.1% | 565,770€ | +38.1% | 67,207€ | 11.9% | 12 | 956€ |
| 25 | Bometal02756757 · Trade | 1.0% | 545,335€ | +7.7% | 51,051€ | 9.4% | 7 | 802€ |
| 26 | Kubura-Promet02424363 · Agriculture | 0.9% | 479,095€ | -17.9% | 15,695€ | 3.3% | 14 | 949€ |
| 27 | Uživaj u Prirodi02976455 · Arts & entertainment | 0.9% | 478,239€ | +9.6% | -37,338€ | -7.8% | 12 | 1,513€ |
| 28 | Nacional03163717 · Hospitality | 0.9% | 470,464€ | +14.3% | 75,755€ | 16.1% | 8 | 977€ |
| 29 | Eko-Vladoš02349078 · Manufacturing | 0.9% | 462,507€ | +5.4% | 38,641€ | 8.4% | 12 | 639€ |
| 30 | Elektro Extreme03403106 · Construction | 0.8% | 438,155€ | +109.1% | 71,056€ | 16.2% | 2 | 1,574€ |
| 31 | Racio-Mont02461765 · Professional services | 0.7% | 349,840€ | +8.9% | 15,246€ | 4.4% | 7 | 1,748€ |
| 32 | Dobre Vode02462109 · Hospitality | 0.6% | 324,609€ | +12.8% | -45,087€ | -13.9% | 9 | 943€ |
| 33 | Mountain Tours02783541 · Hospitality | 0.6% | 323,949€ | -6.2% | 20,977€ | 6.5% | 7 | 1,361€ |
| 34 | Dukić02897652 · Hospitality | 0.6% | 322,563€ | +1.8% | 39,272€ | 12.2% | 9 | 567€ |
| 35 | Drenovača Plus03108481 · Trade | 0.6% | 317,824€ | +8.7% | 2,303€ | 0.7% | 3 | 476€ |
| 36 | Kop Group03179796 · Construction | 0.6% | 304,425€ | +13.7% | 11,639€ | 3.8% | 3 | 892€ |
| 37 | Grinič Trade02717867 · Agriculture | 0.6% | 301,358€ | +8.5% | 935€ | 0.3% | 6 | 1,032€ |
| 38 | Mont Travel.Me03645231 · Administrative services | 0.5% | 275,910€ | +432.3% | 32,959€ | 11.9% | 1 | 2,035€ |
| 39 | Delfis02384167 · Administrative services | 0.5% | 269,037€ | -5.9% | 47,328€ | 17.6% | 2 | 702€ |
| 40 | S&M Servis02394774 · Trade | 0.5% | 262,928€ | +61.3% | -32,328€ | -12.3% | 5 | 865€ |
| 41 | Peter Pan LB103618447 · Construction | 0.5% | 243,172€ | +5,002.2% | 370€ | 0.2% | 1 | 2,818€ |
| 42 | Loda Montenegro03381609 · Administrative services | 0.4% | 234,616€ | -10.8% | 73,754€ | 31.4% | 1 | — |
| 43 | NN Tours03319822 · Hospitality | 0.4% | 226,025€ | +39.4% | 3,375€ | 1.5% | 5 | 1,252€ |
| 44 | Automania N03078795 · Trade | 0.4% | 215,021€ | +27.6% | -104€ | -0.0% | 2 | 539€ |
| 45 | Kujović-Service02178605 · Trade | 0.4% | 205,292€ | -8.1% | 542€ | 0.3% | 6 | 387€ |
| 46 | Viridi Progressum02883155 · Energy, water & waste | 0.4% | 203,482€ | +21.6% | 82,419€ | 40.5% | 4 | 752€ |
| 47 | Pekara Komerc02823403 · Manufacturing | 0.4% | 196,519€ | +1.8% | 31,320€ | 15.9% | 7 | 822€ |
| 48 | LN Vision03529398 · Construction | 0.4% | 193,640€ | +50.9% | 108,445€ | 56.0% | 2 | 538€ |
| 49 | BM Lift03422631 · Transport & logistics | 0.4% | 190,862€ | +168.1% | 16,801€ | 8.8% | 2 | 1,294€ |
| 50 | Boter Co02923572 · Construction | 0.4% | 187,830€ | +19.6% | 47,199€ | 25.1% | 3 | 962€ |