Revenue
2.8% of Montenegro's revenue
1,334 companies earned 497.14m€ in 2025, 2.8% of all company revenue in Montenegro. It ranks 7 of 25 municipalities by revenue. Revenue has grown 2.1× since 2015.
2.8% of Montenegro's revenue
58.6 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno Kotor (236)
Total profit: -954,774€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 232,852,069€ | 609 |
| 2016 | 219,147,711€ | 643 |
| 2017 | 258,482,783€ | 711 |
| 2018 | 274,583,486€ | 794 |
| 2019 | 294,885,706€ | 839 |
| 2020 | 205,213,933€ | 884 |
| 2021 | 236,054,897€ | 939 |
| 2022 | 334,126,990€ | 1,053 |
| 2023 | 388,335,032€ | 1,175 |
| 2024 | 449,543,273€ | 1,257 |
| 2025 (Preliminary) | 497,137,467€ | 1,334 |
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 701–750 of 1,334
* 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* |
|---|
| 701 | Modulor03407659 · Professional services | <0.1% | 21,215€ | -39.8% | -8,567€ | -40.4% | 2 | 1,016€ |
| 702 | As Design03224422 · Technology | <0.1% | 21,011€ | -19.6% | 1,370€ | 6.5% | 1 | 837€ |
| 703 | Baloo03584283 · Transport & logistics | <0.1% | 20,919€ | +41.2% | 1,312€ | 6.3% | 1 | 678€ |
| 704 | In - Da03045404 · Hospitality | <0.1% | 20,776€ | +3.3% | -20,014€ | -96.3% | 3 | 674€ |
| 705 | Ethno Grbalj03549674 · Trade | <0.1% | 20,682€ | -26.2% | -440€ | -2.1% | 1 | — |
| 706 | Landstar Global Co03580458 · Administrative services | <0.1% | 20,564€ | +30.7% | -243€ | -1.2% | 1 | 698€ |
| 707 | Ciao Bella Beauty Studio03639711 · Personal services | <0.1% | 20,305€ | +299.1% | -844€ | -4.2% | 2 | 675€ |
| 708 | Montenegro Property Management02665689 · Personal services | <0.1% | 20,238€ | +15.6% | -1,054€ | -5.2% | 4 | 380€ |
| 709 | Sea Side Company03317382 · Hospitality | <0.1% | 20,041€ | -36.1% | -14,454€ | -72.1% | 3 | 580€ |
| 710 | Diar Invest Group03505049 · Real estate | <0.1% | 20,000€ | -1.0% | 883€ | 4.4% | 2 | 708€ |
| 711 | Kiro03416810 · Manufacturing | <0.1% | 19,844€ | +13.3% | 386€ | 1.9% | 1 | 721€ |
| 712 | A & M Color03038475 · Construction | <0.1% | 19,813€ | +4.0% | -642€ | -3.2% | 2 | 626€ |
| 713 | Lanbo03468275 · Professional services | <0.1% | 19,600€ | +14.4% | 3,554€ | 18.1% | 1 | 640€ |
| 714 | Hopes03234002 · Trade | <0.1% | 19,502€ | +2,066.9% | 11,100€ | 56.9% | 1 | 678€ |
| 715 | Souvenir Box02971445 · Trade | <0.1% | 19,420€ | +939.1% | -25,107€ | -129.3% | 2 | 961€ |
| 716 | Montenegro Sailing03036774 · Transport & logistics | <0.1% | 19,119€ | -33.6% | -5,059€ | -26.5% | 1 | 678€ |
| 717 | MM-King03460681 · Hospitality | <0.1% | 19,077€ | +3.1% | -10,298€ | -54.0% | 2 | 623€ |
| 718 | Simović Me Tours03705625 · Transport & logistics | <0.1% | 19,018€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,500€ | -60.5% | 1 | — |
| 719 | Batuta03044297 · Transport & logistics | <0.1% | 18,732€ | -24.6% | -3,465€ | -18.5% | 3 | 454€ |
| 720 | La Beaute Studio03512827 · Personal services | <0.1% | 18,688€ | +22.0% | 311€ | 1.7% | 2 | 509€ |
| 721 | Kids Corner03648770 · Arts & entertainment | <0.1% | 18,570€ | +13.0% | -66€ | -0.4% | 2 | 599€ |
| 722 | Kydonia03615677 · Hospitality | <0.1% | 18,566€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,414€ | 18.4% | 1 | 746€ |
| 723 | Green Village-Zeleno Selo11005608 · Real estate | <0.1% | 18,493€ | +3,598.6% | 8,760€ | 47.4% | 1 | 677€ |
| 724 | Kotorska Veterinarska Ambulanta02640490 · Professional services | <0.1% | 18,324€ | -12.1% | -7,949€ | -43.4% | 2 | 580€ |
| 725 | Dučkić02907178 · Manufacturing | <0.1% | 18,124€ | +44.9% | -3,827€ | -21.1% | 2 | 675€ |
| 726 | Su Maison03753395 · Trade | <0.1% | 17,992€ | No filing for 2024. | 2,033€ | 11.3% | 1 | 452€ |
| 727 | HSB02891301 · Professional services | <0.1% | 17,982€ | -2.4% | 4,591€ | 25.5% | 1 | — |
| 728 | Exotic New03350959 · Administrative services | <0.1% | 17,940€ | -17.2% | 660€ | 3.7% | 1 | 913€ |
| 729 | Eduko Partner03593517 · Education | <0.1% | 17,810€ | +38.8% | 511€ | 2.9% | 1 | 339€ |
| 730 | Bellavia03752038 · Trade | <0.1% | 17,790€ | No filing for 2024. | 175€ | 1.0% | 2 | 467€ |
| 731 | Tricen02329271 · Technology | <0.1% | 17,684€ | +189.5% | -10,242€ | -57.9% | 2 | 787€ |
| 732 | Bokanegra03713415 · Personal services | <0.1% | 17,634€ | +1,574.6% | 1,022€ | 5.8% | 1 | 1,137€ |
| 733 | Infinity Solutions03285090 · Professional services | <0.1% | 17,450€ | -58.0% | -11,225€ | -64.3% | 1 | 1,537€ |
| 734 | Montis MB03222110 · Professional services | <0.1% | 17,426€ | -16.9% | -6,710€ | -38.5% | 1 | 1,958€ |
| 735 | Formica Rufa03352030 · Construction | <0.1% | 17,399€ | +569.2% | -12,012€ | -69.0% | 2 | 783€ |
| 736 | Nice03202321 · Manufacturing | <0.1% | 17,120€ | -78.5% | -3,335€ | -19.5% | 2 | 371€ |
| 737 | Apolonia02701839 · Health & social care | <0.1% | 17,105€ | -5.9% | -2,624€ | -15.3% | 1 | 883€ |
| 738 | Adria Group02777614 · Agriculture | <0.1% | 16,942€ | +60.0% | 7,375€ | 43.5% | 1 | 721€ |
| 739 | Društvo Pčelara Kotot02425114 · Trade | <0.1% | 16,908€ | -32.6% | 1,249€ | 7.4% | 0 | — |
| 740 | Everest03316165 · Professional services | <0.1% | 16,755€ | +16.6% | -595€ | -3.6% | 1 | 1,271€ |
| 741 | Lukvuknik03353052 · Trade | <0.1% | 16,653€ | -16.8% | 676€ | 4.1% | 2 | 362€ |
| 742 | Chupira Consulting Services03409902 · Hospitality | <0.1% | 16,509€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,529€ | -124.4% | 1 | 992€ |
| 743 | Školjke Boke03029085 · Agriculture | <0.1% | 16,159€ | +11.3% | 1,324€ | 8.2% | 1 | 677€ |
| 744 | Explore Montenegro03130860 · Administrative services | <0.1% | 16,095€ | +22.1% | 1,331€ | 8.3% | 4 | — |
| 745 | Cattaro Bubble Tea03649768 · Trade | <0.1% | 16,038€ | +72.1% | -9,575€ | -59.7% | 2 | 452€ |
| 746 | Planet Montenegro02639726 · Real estate | <0.1% | 16,007€ | -4.9% | -1,377€ | -8.6% | 1 | 956€ |
| 747 | VS&NT Wood03304663 · Manufacturing | <0.1% | 16,000€ | +15.8% | -7,150€ | -44.7% | 1 | 1,025€ |
| 748 | Knezlaz02770377 · Real estate | <0.1% | 16,000€ | +207.8% | -2,117€ | -13.2% | 2 | 678€ |
| 749 | R & V Fish02663198 · Agriculture | <0.1% | 15,990€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,707€ | -48.2% | 1 | 683€ |
| 750 | Ice Club03646998 · Energy, water & waste | <0.1% | 15,735€ | +35.8% | -2,167€ | -13.8% | 1 | 346€ |