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 401–450 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* |
|---|
| 401 | Špina Kotor03035450 · Construction | <0.1% | 99,232€ | +83.4% | 14,917€ | 15.0% | 3 | 656€ |
| 402 | Normonte02408945 · Administrative services | <0.1% | 98,993€ | +2.9% | 8,641€ | 8.7% | 4 | 1,333€ |
| 403 | Voyager Speed Boat03651045 · Transport & logistics | <0.1% | 98,182€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 63,255€ | 64.4% | 1 | 996€ |
| 404 | Rogan-Fruit02908603 · Trade | <0.1% | 95,919€ | -9.2% | -13,151€ | -13.7% | 4 | 677€ |
| 405 | MM Playroom03280209 · Hospitality | <0.1% | 95,775€ | +21.8% | 2,346€ | 2.4% | 4 | 1,034€ |
| 406 | Rosmarino03657507 · Hospitality | <0.1% | 95,429€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,445€ | 10.9% | 2 | 880€ |
| 407 | Carpe Diem Boka Bay03047164 · Hospitality | <0.1% | 94,782€ | -39.3% | 694€ | 0.7% | 3 | 796€ |
| 408 | Termostil02651858 · Personal services | <0.1% | 94,663€ | -33.0% | -4,451€ | -4.7% | 2 | 702€ |
| 409 | East Garden03303179 · Trade | <0.1% | 93,996€ | +76.1% | 10,008€ | 10.6% | 2 | 843€ |
| 410 | Poseidon Group03514099 · Transport & logistics | <0.1% | 93,980€ | +193.6% | 35,160€ | 37.4% | 5 | 483€ |
| 411 | Red Production02438780 · Arts & entertainment | <0.1% | 93,920€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -98,942€ | -105.3% | 1 | 943€ |
| 412 | Miltrans02972212 · Transport & logistics | <0.1% | 93,623€ | -2.3% | 1,534€ | 1.6% | 4 | 634€ |
| 413 | MN Rental Group03636909 · Real estate | <0.1% | 93,576€ | +540.2% | -2,485€ | -2.7% | 2 | 2,527€ |
| 414 | Butiga O'špica03015025 · Trade | <0.1% | 92,834€ | +41.1% | -5,419€ | -5.8% | 2 | 506€ |
| 415 | Geometry02981661 · Trade | <0.1% | 91,110€ | +36.5% | 45,472€ | 49.9% | 3 | 711€ |
| 416 | Danski Dom11107141 · Public & nonprofit | <0.1% | 90,843€ | No filing for 2024. | 0€ | 0.0% | 6 | 810€ |
| 417 | Selimo03418588 · Hospitality | <0.1% | 90,818€ | +87.4% | -9,126€ | -10.0% | 4 | 574€ |
| 418 | Konsta02868873 · Trade | <0.1% | 90,635€ | -11.3% | 8,535€ | 9.4% | 2 | 1,512€ |
| 419 | Aleksandar - D03127966 · Hospitality | <0.1% | 90,439€ | +3.5% | -21,807€ | -24.1% | 5 | 923€ |
| 420 | BP Projects03781933 · Hospitality | <0.1% | 90,197€ | No filing for 2024. | 24,131€ | 26.8% | 5 | — |
| 421 | NK Consulting03733220 · Professional services | <0.1% | 89,963€ | No filing for 2024. | 38,504€ | 42.8% | 0 | — |
| 422 | Privezište za Jahte - Kordić Prčanj03078337 · Transport & logistics | <0.1% | 89,717€ | +16.5% | 38,839€ | 43.3% | 2 | 1,131€ |
| 423 | SEA&SUN Adventures03394468 · Transport & logistics | <0.1% | 89,530€ | +81.5% | 9,638€ | 10.8% | 3 | 756€ |
| 424 | Pansion Ruma03130835 · Hospitality | <0.1% | 89,348€ | -24.3% | -1,739€ | -1.9% | 2 | 1,074€ |
| 425 | Titan Tim Car03051765 · Trade | <0.1% | 88,551€ | -9.8% | -6,207€ | -7.0% | 4 | 1,092€ |
| 426 | RD 29. Oktobar02817209 · Professional services | <0.1% | 88,430€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 41,762€ | 47.2% | 2 | 733€ |
| 427 | Ljubatović Company03315541 · Construction | <0.1% | 87,290€ | +61.9% | 6,327€ | 7.2% | 1 | 338€ |
| 428 | Delfin02676273 · Education | <0.1% | 87,075€ | +3.5% | 17,991€ | 20.7% | 3 | 605€ |
| 429 | Vrmac Health Medical Centar03375544 · Health & social care | <0.1% | 86,291€ | -2.7% | -19,902€ | -23.1% | 4 | 1,459€ |
| 430 | Kašćelan 3D Company02276232 · Trade | <0.1% | 86,287€ | -8.2% | -7,016€ | -8.1% | 1 | 675€ |
| 431 | Boka Business Services03205398 · Professional services | <0.1% | 85,157€ | +55.2% | 905€ | 1.1% | 4 | 1,250€ |
| 432 | Elite Montenegro03036863 · Administrative services | <0.1% | 85,139€ | -2.1% | 6,312€ | 7.4% | 1 | 2,586€ |
| 433 | Auto Servis Burić03530248 · Trade | <0.1% | 84,990€ | +46.9% | 5,032€ | 5.9% | 5 | 966€ |
| 434 | Mirković Prevoz03289311 · Transport & logistics | <0.1% | 84,620€ | -24.2% | 5,406€ | 6.4% | 1 | 678€ |
| 435 | YSC03122638 · Trade | <0.1% | 84,373€ | +93.5% | -19,212€ | -22.8% | 2 | 1,319€ |
| 436 | Risan Bay03294544 · Construction | <0.1% | 84,109€ | +16,857.5% | -368,435€ | -438.0% | 3 | 737€ |
| 437 | Bojić - Com03112802 · Construction | <0.1% | 83,585€ | +118.2% | -1,608€ | -1.9% | 3 | 651€ |
| 438 | Filuro02213435 · Professional services | <0.1% | 82,105€ | +7.5% | 2,665€ | 3.2% | 7 | 810€ |
| 439 | Bonaca Travel03723399 · Transport & logistics | <0.1% | 81,354€ | No filing for 2024. | 22,332€ | 27.5% | 0 | — |
| 440 | MTM Colort03474810 · Construction | <0.1% | 81,274€ | +148.4% | 1,591€ | 2.0% | 3 | 1,071€ |
| 441 | Fortuna - Šćepanović02343371 · Hospitality | <0.1% | 80,885€ | -10.7% | -23,278€ | -28.8% | 3 | 716€ |
| 442 | Vukasović & Vukašinović02646935 · Transport & logistics | <0.1% | 80,371€ | +64.6% | 24,762€ | 30.8% | 4 | 606€ |
| 443 | Alek Đukanović02081695 · Professional services | <0.1% | 79,628€ | -24.6% | 7,097€ | 8.9% | 2 | 1,678€ |
| 444 | Baćun02950502 · Trade | <0.1% | 78,911€ | +21.4% | 12,389€ | 15.7% | 2 | 502€ |
| 445 | Treštanik -Komerc02342677 · Trade | <0.1% | 78,394€ | -17.6% | 4,753€ | 6.1% | 2 | 622€ |
| 446 | Euro Cell02448262 · Professional services | <0.1% | 77,247€ | +19.4% | 20,659€ | 26.7% | 4 | 716€ |
| 447 | Roman Handmade Sandals03388964 · Trade | <0.1% | 76,517€ | +42.1% | 13,926€ | 18.2% | 2 | 1,584€ |
| 448 | W & S Finance02344289 · Professional services | <0.1% | 76,057€ | +34.0% | 8,847€ | 11.6% | 4 | 963€ |
| 449 | Lusin Company02743124 · Trade | <0.1% | 75,224€ | +6.3% | -997€ | -1.3% | 2 | 815€ |
| 450 | We Build the Future03305597 · Construction | <0.1% | 74,824€ | -72.7% | -73,766€ | -98.6% | 2 | 1,070€ |