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 101–150 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* |
|---|
| 101 | Tujko Logistic03411877 · Transport & logistics | 0.1% | 710,531€ | +6.9% | 18,399€ | 2.6% | 6 | 1,165€ |
| 102 | Home In Montenegro03129578 · Hospitality | 0.1% | 694,549€ | -8.0% | 29,171€ | 4.2% | 4 | 1,257€ |
| 103 | Click02377497 · Trade | 0.1% | 683,041€ | +1.9% | 43,210€ | 6.3% | 3 | 816€ |
| 104 | Dema02636484 · Construction | 0.1% | 676,879€ | -25.3% | 9,641€ | 1.4% | 40 | 902€ |
| 105 | Milić & Co02192632 · Trade | 0.1% | 671,169€ | +26.3% | 27,473€ | 4.1% | 6 | 1,125€ |
| 106 | Marsenić02642956 · Hospitality | 0.1% | 664,863€ | -1.9% | 26,073€ | 3.9% | 17 | 1,026€ |
| 107 | Erlind02076497 · Trade | 0.1% | 660,107€ | +5.1% | 25,537€ | 3.9% | 3 | 1,223€ |
| 108 | M&V Bojanić03151905 · Construction | 0.1% | 658,559€ | +34.4% | 59,479€ | 9.0% | 10 | 1,203€ |
| 109 | Hippo Campus02727757 · Hospitality | 0.1% | 646,359€ | +2.2% | 148,528€ | 23.0% | 15 | 883€ |
| 110 | Vukšić Group02857715 · Hospitality | 0.1% | 634,996€ | +2.5% | 158,972€ | 25.0% | 12 | 871€ |
| 111 | Ank 198003267806 · Hospitality | 0.1% | 630,878€ | +15.5% | 83,962€ | 13.3% | 9 | 1,097€ |
| 112 | Karampana03084710 · Hospitality | 0.1% | 623,081€ | +263.7% | 69,669€ | 11.2% | 11 | 1,733€ |
| 113 | Milinović02408970 · Hospitality | 0.1% | 620,962€ | +9.0% | 249,013€ | 40.1% | 9 | 938€ |
| 114 | Serzman Incorporated03011526 · Hospitality | 0.1% | 620,780€ | +24.0% | -189,451€ | -30.5% | 1 | 6,382€ |
| 115 | Bandiera02658747 · Hospitality | 0.1% | 608,268€ | +15.8% | 64,672€ | 10.6% | 8 | 2,875€ |
| 116 | Rendez-Vous02398907 · Hospitality | 0.1% | 607,556€ | +13.1% | 95,293€ | 15.7% | 10 | 681€ |
| 117 | VB International03329216 · Manufacturing | 0.1% | 602,036€ | -39.4% | 1,867€ | 0.3% | 5 | 1,595€ |
| 118 | Albo Mne03165183 · Trade | 0.1% | 599,533€ | -31.6% | -75,529€ | -12.6% | 6 | 1,867€ |
| 119 | Montenegro Lubricants02789230 · Hospitality | 0.1% | 597,349€ | +10.6% | 32,521€ | 5.4% | 9 | 1,016€ |
| 120 | Konđar03037606 · Hospitality | 0.1% | 593,459€ | -0.5% | 21,276€ | 3.6% | 9 | 703€ |
| 121 | Roma 201102839954 · Hospitality | 0.1% | 588,546€ | +23.0% | 84,319€ | 14.3% | 6 | 1,576€ |
| 122 | Pingvin02102889 · Trade | 0.1% | 579,836€ | +5.8% | 32,651€ | 5.6% | 11 | 792€ |
| 123 | Janović02269961 · Hospitality | 0.1% | 577,652€ | +18.3% | 24,491€ | 4.2% | 12 | 1,181€ |
| 124 | SMN Transporti02439093 · Transport & logistics | 0.1% | 574,381€ | +23.8% | 34,532€ | 6.0% | 7 | 604€ |
| 125 | Konaleto03121763 · Hospitality | 0.1% | 562,748€ | +22.7% | 165,820€ | 29.5% | 12 | 785€ |
| 126 | Bocazur03273385 · Hospitality | 0.1% | 551,135€ | +17.7% | 7,025€ | 1.3% | 7 | 1,931€ |
| 127 | Konoba Akustik 110403356531 · Hospitality | 0.1% | 548,030€ | +41.9% | 53,238€ | 9.7% | 5 | 729€ |
| 128 | Braća Magud Plus03305295 · Hospitality | 0.1% | 547,234€ | -15.5% | 48,195€ | 8.8% | 13 | 1,270€ |
| 129 | Rattan Sedia03079813 · Trade | 0.1% | 544,568€ | -35.4% | 12,545€ | 2.3% | 2 | 3,525€ |
| 130 | Golden Wave Company03180212 · Transport & logistics | 0.1% | 540,388€ | +30.1% | 71,422€ | 13.2% | 11 | 743€ |
| 131 | Premia Montenegro03209334 · Trade | 0.1% | 538,866€ | +120.2% | 304,408€ | 56.5% | 10 | 733€ |
| 132 | Pepe Nero03411508 · Hospitality | 0.1% | 535,906€ | +14.7% | 73,300€ | 13.7% | 9 | 1,406€ |
| 133 | Magud Company02172224 · Trade | 0.1% | 530,493€ | -19.8% | 26,608€ | 5.0% | 6 | 966€ |
| 134 | Riviera02054434 · Manufacturing | 0.1% | 521,020€ | +6.3% | 19,192€ | 3.7% | 6 | 1,207€ |
| 135 | Ov Media03302245 · Professional services | 0.1% | 520,738€ | +16.4% | -18,735€ | -3.6% | 1 | 28,287€ |
| 136 | Džo03066304 · Hospitality | 0.1% | 514,690€ | +18.2% | 32,670€ | 6.3% | 9 | 1,143€ |
| 137 | Vukfam03438708 · Transport & logistics | 0.1% | 513,427€ | +62.3% | 103,150€ | 20.1% | 7 | 1,828€ |
| 138 | Fra Craft03346374 · Manufacturing | 0.1% | 509,537€ | +151.9% | 161,931€ | 31.8% | 3 | 433€ |
| 139 | Grota02454262 · Hospitality | 0.1% | 505,906€ | +14.1% | 55,030€ | 10.9% | 8 | 2,229€ |
| 140 | Meridian DMC02707047 · Administrative services | 0.1% | 499,180€ | +31.8% | 3,310€ | 0.7% | 8 | 835€ |
| 141 | Balloon02356597 · Hospitality | 0.1% | 497,957€ | +76.4% | 138,216€ | 27.8% | 8 | 1,151€ |
| 142 | Simiž02219425 · Trade | 0.1% | 497,776€ | +29.9% | -25,505€ | -5.1% | 6 | 820€ |
| 143 | Herc Construction03314758 · Construction | <0.1% | 497,133€ | -26.7% | -119,306€ | -24.0% | 25 | 1,040€ |
| 144 | Smart Mne Construction03532453 · Construction | <0.1% | 480,214€ | -44.6% | -175,897€ | -36.6% | 25 | 733€ |
| 145 | Montenegro Spirit03347141 · Trade | <0.1% | 479,450€ | +187.3% | 39,658€ | 8.3% | 5 | 1,412€ |
| 146 | Virtus Mne03092097 · Hospitality | <0.1% | 479,000€ | -8.1% | 169,271€ | 35.3% | 5 | 474€ |
| 147 | Braća Radanović02090031 · Hospitality | <0.1% | 470,357€ | +2.2% | 112,344€ | 23.9% | 12 | 1,004€ |
| 148 | Tartufo03531309 · Hospitality | <0.1% | 468,698€ | +47.3% | 90,515€ | 19.3% | 4 | 711€ |
| 149 | Abrum Company03412601 · Hospitality | <0.1% | 468,065€ | +4.2% | 94,235€ | 20.1% | 11 | 1,228€ |
| 150 | Santimar03201210 · Construction | <0.1% | 449,038€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 47,927€ | 10.7% | 4 | 1,698€ |