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 301–350 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* |
|---|
| 301 | Dabel03169626 · Trade | <0.1% | 164,829€ | +11.2% | 6,208€ | 3.8% | 1 | 677€ |
| 302 | Osmjeh02947161 · Education | <0.1% | 164,653€ | -1.4% | -10,069€ | -6.1% | 10 | 998€ |
| 303 | Vet Port02726980 · Professional services | <0.1% | 164,560€ | -10.1% | 6,292€ | 3.8% | 4 | 1,514€ |
| 304 | Plumbing Electrical Company02706679 · Construction | <0.1% | 163,506€ | +3.6% | 5,365€ | 3.3% | 4 | 653€ |
| 305 | Projekta03392929 · Professional services | <0.1% | 162,718€ | +404.3% | 66,665€ | 41.0% | 2 | 626€ |
| 306 | Ship Travel Dado02968134 · Transport & logistics | <0.1% | 162,286€ | +33.6% | 52,400€ | 32.3% | 4 | 678€ |
| 307 | Lux Upholstery03346838 · Personal services | <0.1% | 162,273€ | -12.7% | 11,119€ | 6.9% | 4 | 1,177€ |
| 308 | Legno Santo03062562 · Manufacturing | <0.1% | 162,079€ | -42.7% | -520€ | -0.3% | 4 | 1,285€ |
| 309 | Sara BG03268349 · Hospitality | <0.1% | 160,164€ | -2.7% | -3,418€ | -2.1% | 3 | 671€ |
| 310 | Kotor Boat Tours03122115 · Transport & logistics | <0.1% | 160,055€ | -13.8% | -5,708€ | -3.6% | 4 | 460€ |
| 311 | NND Company02754045 · Hospitality | <0.1% | 158,535€ | +9.9% | 938€ | 0.6% | 5 | 751€ |
| 312 | Praksis02373092 · Professional services | <0.1% | 157,690€ | +16.3% | 33,282€ | 21.1% | 4 | 1,665€ |
| 313 | Ljesar02272202 · Trade | <0.1% | 156,341€ | -34.4% | -60,381€ | -38.6% | 4 | 942€ |
| 314 | Luna Perast03318842 · Transport & logistics | <0.1% | 155,695€ | +31.1% | 54,432€ | 35.0% | 5 | 706€ |
| 315 | Sea Horizon03238253 · Transport & logistics | <0.1% | 155,671€ | +120.1% | 29,780€ | 19.1% | 3 | 900€ |
| 316 | Laura's Group03643956 · Manufacturing | <0.1% | 154,026€ | +459.5% | 30,845€ | 20.0% | 1 | 1,141€ |
| 317 | Ilmi Trade03156281 · Transport & logistics | <0.1% | 153,806€ | -15.0% | 4,388€ | 2.9% | 2 | 625€ |
| 318 | Montenegro Investment Services02671620 · Real estate | <0.1% | 153,488€ | -41.2% | 1,598€ | 1.0% | 4 | 1,309€ |
| 319 | Bobo02852292 · Trade | <0.1% | 153,282€ | -8.6% | 6,446€ | 4.2% | 3 | 1,959€ |
| 320 | Letrika 42703342212 · Hospitality | <0.1% | 152,628€ | +28.7% | 25,799€ | 16.9% | 5 | 490€ |
| 321 | Armadura03319725 · Manufacturing | <0.1% | 152,269€ | +70.5% | 16,429€ | 10.8% | 1 | 2,452€ |
| 322 | Perović DN Company02733668 · Transport & logistics | <0.1% | 151,408€ | -25.2% | 7,117€ | 4.7% | 3 | 547€ |
| 323 | Montenegro Maritime Company03328082 · Transport & logistics | <0.1% | 150,691€ | +51.4% | 34,155€ | 22.7% | 3 | 2,001€ |
| 324 | MB Speed03603393 · Trade | <0.1% | 148,979€ | +197.6% | 9,494€ | 6.4% | 2 | 816€ |
| 325 | Miljenovics03548767 · Trade | <0.1% | 147,675€ | +18.3% | 26,221€ | 17.8% | 2 | 454€ |
| 326 | M Team03032655 · Transport & logistics | <0.1% | 146,816€ | +178.8% | 67,988€ | 46.3% | 2 | 959€ |
| 327 | Ahmed Mur03250008 · Construction | <0.1% | 146,101€ | +4,147.1% | 60,260€ | 41.2% | 5 | 719€ |
| 328 | Boni Bokuni03632377 · Hospitality | <0.1% | 145,906€ | +64.9% | -12,657€ | -8.7% | 5 | 1,132€ |
| 329 | M&B Pro03749665 · Administrative services | <0.1% | 144,936€ | No filing for 2024. | 2,776€ | 1.9% | 12 | 954€ |
| 330 | Biznis Biro02990393 · Professional services | <0.1% | 144,039€ | +24.4% | 14,924€ | 10.4% | 6 | 1,393€ |
| 331 | Visoka Medicinska Škola Iceps03375790 · Education | <0.1% | 143,479€ | +218.8% | 10,569€ | 7.4% | 4 | 1,736€ |
| 332 | Pixap02984989 · Manufacturing | <0.1% | 143,418€ | +2.3% | 2,380€ | 1.7% | 2 | 973€ |
| 333 | Varg & Co03711374 · Hospitality | <0.1% | 143,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46,609€ | -32.6% | 4 | 945€ |
| 334 | Monte Marine Yachting02079666 · Manufacturing | <0.1% | 141,823€ | -73.6% | -74,274€ | -52.4% | 3 | 1,305€ |
| 335 | Co Bošković02773759 · Trade | <0.1% | 141,435€ | +64.4% | 1,284€ | 0.9% | 2 | 675€ |
| 336 | Imperatore02999935 · Trade | <0.1% | 141,296€ | -26.3% | 8,184€ | 5.8% | 3 | 735€ |
| 337 | Zoras03126129 · Professional services | <0.1% | 136,873€ | +14.8% | 6,527€ | 4.8% | 11 | 762€ |
| 338 | Monterock Construction03605825 · Construction | <0.1% | 136,781€ | +4.7% | 3,741€ | 2.7% | 3 | 3,403€ |
| 339 | Kotorart Festival03193659 · Arts & entertainment | <0.1% | 136,454€ | +24.0% | -17,497€ | -12.8% | 1 | 6,209€ |
| 340 | L & K Projects02903580 · Professional services | <0.1% | 136,292€ | -8.5% | 20,416€ | 15.0% | 3 | 1,098€ |
| 341 | B.C.M. - Kotor02718979 · Transport & logistics | <0.1% | 135,881€ | +85.8% | 51,197€ | 37.7% | 3 | 1,184€ |
| 342 | Maia03305562 · Trade | <0.1% | 135,695€ | +180.5% | 43,468€ | 32.0% | 2 | 1,510€ |
| 343 | Miva Connect03742164 · Hospitality | <0.1% | 134,695€ | No filing for 2024. | 33,347€ | 24.8% | 0 | — |
| 344 | Hidroizolacija Mazalica03552527 · Construction | <0.1% | 131,983€ | +658.5% | 21,892€ | 16.6% | 2 | 808€ |
| 345 | Goodwill Merchants03331733 · Professional services | <0.1% | 131,869€ | -59.7% | 10,198€ | 7.7% | 2 | 3,199€ |
| 346 | Tara Gift Shop03012760 · Trade | <0.1% | 131,487€ | +9.7% | 25,182€ | 19.2% | 2 | 2,100€ |
| 347 | Spasić-Mašera02012910 · Health & social care | <0.1% | 130,897€ | +6.9% | 11,410€ | 8.7% | 15 | 387€ |
| 348 | Carl Colar03414582 · Hospitality | <0.1% | 130,692€ | +1,639.3% | 36,526€ | 27.9% | 2 | — |
| 349 | Hun03294650 · Hospitality | <0.1% | 128,765€ | +16.3% | -12,154€ | -9.4% | 2 | 928€ |
| 350 | Art Cool02917955 · Construction | <0.1% | 128,528€ | -32.5% | -1,292€ | -1.0% | 2 | 677€ |