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 51–100 of 140
* 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* |
|---|
| 51 | Sea Dog Tours03638553 · Transport & logistics | <0.1% | 64,648€ | -46.0% | 22,222€ | 34.4% | 1 | 775€ |
| 52 | Compass & Co03528103 · Transport & logistics | <0.1% | 58,552€ | +114.4% | -12,226€ | -20.9% | 2 | 640€ |
| 53 | Wa & Go02913267 · Transport & logistics | <0.1% | 58,253€ | +19.0% | 11,877€ | 20.4% | 4 | 389€ |
| 54 | Fonko03380076 · Transport & logistics | <0.1% | 55,526€ | +1.5% | 169€ | 0.3% | 1 | 338€ |
| 55 | Kotor Bay Tours DMC03304256 · Transport & logistics | <0.1% | 53,615€ | +1.1% | -8,123€ | -15.2% | 3 | 907€ |
| 56 | Dare To Dream03314375 · Transport & logistics | <0.1% | 50,958€ | +5.5% | -26,628€ | -52.3% | 6 | 625€ |
| 57 | Platinum Rent A Car02641534 · Transport & logistics | <0.1% | 47,028€ | +376.9% | 5,342€ | 11.4% | 2 | 518€ |
| 58 | Zoran03240657 · Transport & logistics | <0.1% | 46,153€ | -40.9% | -19,038€ | -41.2% | 1 | 677€ |
| 59 | Zeko Trans03490947 · Transport & logistics | <0.1% | 46,147€ | +40.4% | 3,266€ | 7.1% | 1 | 678€ |
| 60 | Tide and Wave03540758 · Transport & logistics | <0.1% | 45,861€ | -3.6% | 12,459€ | 27.2% | 1 | 1,370€ |
| 61 | Sunny Boka Bay03550290 · Transport & logistics | <0.1% | 43,589€ | +0.3% | -328€ | -0.8% | 3 | 409€ |
| 62 | Andmar Logistics03754499 · Transport & logistics | <0.1% | 32,939€ | No filing for 2024. | 10,191€ | 30.9% | 2 | 450€ |
| 63 | Big Mistake Company03652076 · Transport & logistics | <0.1% | 32,207€ | +93.1% | 1,759€ | 5.5% | 1 | 1,179€ |
| 64 | Kopro Mne03650090 · Transport & logistics | <0.1% | 29,846€ | +1,220.6% | 3,686€ | 12.4% | 1 | 1,286€ |
| 65 | SKY & Sand Speed Boat03757196 · Transport & logistics | <0.1% | 28,787€ | No filing for 2024. | 3,254€ | 11.3% | 1 | — |
| 66 | Conquest03493245 · Transport & logistics | <0.1% | 27,287€ | -6.8% | -3,544€ | -13.0% | 1 | 678€ |
| 67 | Mat Travel03704882 · Transport & logistics | <0.1% | 26,519€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -55,663€ | -209.9% | 3 | 1,148€ |
| 68 | Cattaro Travel03240541 · Transport & logistics | <0.1% | 26,440€ | +178.7% | 8,039€ | 30.4% | 2 | 504€ |
| 69 | Barbeta Taxi Boat03551784 · Transport & logistics | <0.1% | 24,986€ | +22.7% | 1,933€ | 7.7% | 1 | 1,254€ |
| 70 | Wavecraft03628442 · Transport & logistics | <0.1% | 24,960€ | -28.2% | -8,295€ | -33.2% | 1 | 675€ |
| 71 | Boka Adventures03689255 · Transport & logistics | <0.1% | 24,752€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,972€ | 20.1% | 2 | — |
| 72 | Vladar Group03409252 · Transport & logistics | <0.1% | 24,618€ | +60.7% | -3,323€ | -13.5% | 1 | — |
| 73 | Star's 1903089681 · Transport & logistics | <0.1% | 24,348€ | +74.4% | 3,685€ | 15.1% | 1 | — |
| 74 | Boka Šped02381303 · Transport & logistics | <0.1% | 23,627€ | +29.9% | -2,803€ | -11.9% | 1 | 1,192€ |
| 75 | Boka Bliss03630021 · Transport & logistics | <0.1% | 22,333€ | +107.9% | -17,638€ | -79.0% | 2 | — |
| 76 | Baloo03584283 · Transport & logistics | <0.1% | 20,919€ | +41.2% | 1,312€ | 6.3% | 1 | 678€ |
| 77 | Montenegro Sailing03036774 · Transport & logistics | <0.1% | 19,119€ | -33.6% | -5,059€ | -26.5% | 1 | 678€ |
| 78 | 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 | — |
| 79 | Batuta03044297 · Transport & logistics | <0.1% | 18,732€ | -24.6% | -3,465€ | -18.5% | 3 | 454€ |
| 80 | MSN Travel02891948 · Transport & logistics | <0.1% | 15,196€ | -79.9% | -3,651€ | -24.0% | 2 | 670€ |
| 81 | Cone Boat03642895 · Transport & logistics | <0.1% | 14,985€ | +12.0% | 413€ | 2.8% | 1 | 339€ |
| 82 | Boka-Taxi03429385 · Transport & logistics | <0.1% | 14,164€ | -52.3% | 288€ | 2.0% | 2 | 455€ |
| 83 | Family MP03535819 · Transport & logistics | <0.1% | 13,599€ | +54.2% | 33€ | 0.2% | 3 | 337€ |
| 84 | B2-Excursion03752593 · Transport & logistics | <0.1% | 12,960€ | No filing for 2024. | 3,860€ | 29.8% | 1 | — |
| 85 | Bocca Tours03454479 · Transport & logistics | <0.1% | 12,903€ | -38.3% | -1,633€ | -12.7% | 1 | 540€ |
| 86 | T37 Montenegro03250865 · Transport & logistics | <0.1% | 12,786€ | +9,967.7% | -7,213€ | -56.4% | 1 | 674€ |
| 87 | Auto Taxi M & J03711765 · Transport & logistics | <0.1% | 11,136€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,103€ | -9.9% | 1 | 927€ |
| 88 | Blue Way Travel03669203 · Transport & logistics | <0.1% | 11,102€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,360€ | -93.3% | 2 | 506€ |
| 89 | MSD Adriatic03282759 · Transport & logistics | <0.1% | 10,366€ | +145.0% | -4,101€ | -39.6% | 2 | 431€ |
| 90 | Mija Corp03323722 · Transport & logistics | <0.1% | 9,909€ | +139.9% | -10,601€ | -107.0% | 2 | 677€ |
| 91 | Mega Travel03753085 · Transport & logistics | <0.1% | 9,630€ | No filing for 2024. | 36€ | 0.4% | 2 | 394€ |
| 92 | Global Rent Cuce03115925 · Transport & logistics | <0.1% | 7,270€ | -31.7% | -6,579€ | -90.5% | 2 | 560€ |
| 93 | Dikan03479536 · Transport & logistics | <0.1% | 7,040€ | -77.1% | -711€ | -10.1% | 2 | — |
| 94 | Lord Kotor03635686 · Transport & logistics | <0.1% | 6,805€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,384€ | -226.1% | 3 | 528€ |
| 95 | Društvo za Proizvodnju, Promet i Usluge, Export-Import BPN Company02729199 · Transport & logistics | <0.1% | 6,272€ | -28.4% | -5,558€ | -88.6% | 1 | 621€ |
| 96 | Etmonte03743713 · Transport & logistics | <0.1% | 5,789€ | No filing for 2024. | -10,591€ | -183.0% | 1 | 525€ |
| 97 | MY Motion Company03374556 · Transport & logistics | <0.1% | 5,389€ | +15.3% | -656€ | -12.2% | 1 | — |
| 98 | Boat2enjoy03672654 · Transport & logistics | <0.1% | 4,900€ | +248.8% | -14,472€ | -295.3% | 2 | 677€ |
| 99 | Rajhel 88 Company03293025 · Transport & logistics | <0.1% | 4,686€ | -0.9% | -419€ | -8.9% | 1 | 342€ |
| 100 | Black Wind Sailing02917467 · Transport & logistics | <0.1% | 4,132€ | +0.8% | -30,204€ | -731.0% | 1 | 677€ |