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 1–50 of 71
* 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* |
|---|
| 1 | Imlek Boka02357950 · Manufacturing | 7.2% | 35,557,990€ | +2.5% | 771,415€ | 2.2% | 49 | 1,739€ |
| 2 | Daido Metal Kotor02013053 · Manufacturing | 1.7% | 8,670,917€ | +7.9% | 97,305€ | 1.1% | 142 | 1,685€ |
| 3 | W & R Dinamic Company Limited02255693 · Manufacturing | 1.6% | 7,967,534€ | +11.1% | 1,460,441€ | 18.3% | 32 | 1,030€ |
| 4 | Niksen-Čavor02386194 · Manufacturing | 0.5% | 2,683,099€ | +84.9% | 9,826€ | 0.4% | 30 | 644€ |
| 5 | Bijeli Labud02376903 · Manufacturing | 0.4% | 1,796,189€ | +14.0% | 423,451€ | 23.6% | 13 | 892€ |
| 6 | Roefix02658003 · Manufacturing | 0.3% | 1,665,979€ | +2.1% | 280,171€ | 16.8% | 2 | 2,112€ |
| 7 | M.L.S. Company02684713 · Manufacturing | 0.2% | 1,112,226€ | +32.1% | 40,688€ | 3.7% | 15 | 929€ |
| 8 | VB International03329216 · Manufacturing | 0.1% | 602,036€ | -39.4% | 1,867€ | 0.3% | 5 | 1,595€ |
| 9 | Riviera02054434 · Manufacturing | 0.1% | 521,020€ | +6.3% | 19,192€ | 3.7% | 6 | 1,207€ |
| 10 | Fra Craft03346374 · Manufacturing | 0.1% | 509,537€ | +151.9% | 161,931€ | 31.8% | 3 | 433€ |
| 11 | SK Land-Invest03240347 · Manufacturing | <0.1% | 390,984€ | +53.7% | -42,316€ | -10.8% | 2 | 762€ |
| 12 | Yachtproservice Mne03241297 · Manufacturing | <0.1% | 365,576€ | -2.7% | 53,896€ | 14.7% | 5 | 614€ |
| 13 | Kotorski Sladoled03294471 · Manufacturing | <0.1% | 364,360€ | -14.7% | 2,654€ | 0.7% | 9 | 937€ |
| 14 | Blue Laguna02812100 · Manufacturing | <0.1% | 309,278€ | -34.8% | -52,557€ | -17.0% | 9 | 1,202€ |
| 15 | Elink Group02418495 · Manufacturing | <0.1% | 299,220€ | +6.3% | 13,665€ | 4.6% | 12 | 596€ |
| 16 | Stirodom02649900 · Manufacturing | <0.1% | 291,412€ | -3.5% | 5,147€ | 1.8% | 4 | 902€ |
| 17 | Pekara Kruna Lux03635929 · Manufacturing | <0.1% | 245,467€ | +194.5% | 2,765€ | 1.1% | 6 | 765€ |
| 18 | Vetal02339994 · Manufacturing | <0.1% | 194,432€ | +211.8% | 3,463€ | 1.8% | 3 | 718€ |
| 19 | Petrol M&D Servis03020436 · Manufacturing | <0.1% | 179,166€ | +1.4% | 57,324€ | 32.0% | 3 | 686€ |
| 20 | Jani03122557 · Manufacturing | <0.1% | 173,338€ | +24.5% | 2,109€ | 1.2% | 6 | 703€ |
| 21 | Ulysses Yacht03481093 · Manufacturing | <0.1% | 167,338€ | +122.3% | 39,656€ | 23.7% | 2 | 930€ |
| 22 | Legno Santo03062562 · Manufacturing | <0.1% | 162,079€ | -42.7% | -520€ | -0.3% | 4 | 1,285€ |
| 23 | Laura's Group03643956 · Manufacturing | <0.1% | 154,026€ | +459.5% | 30,845€ | 20.0% | 1 | 1,141€ |
| 24 | Armadura03319725 · Manufacturing | <0.1% | 152,269€ | +70.5% | 16,429€ | 10.8% | 1 | 2,452€ |
| 25 | Pixap02984989 · Manufacturing | <0.1% | 143,418€ | +2.3% | 2,380€ | 1.7% | 2 | 973€ |
| 26 | Monte Marine Yachting02079666 · Manufacturing | <0.1% | 141,823€ | -73.6% | -74,274€ | -52.4% | 3 | 1,305€ |
| 27 | Braća Magud Al i PVC - Grbalj03240312 · Manufacturing | <0.1% | 127,453€ | +31.0% | 23,413€ | 18.4% | 3 | 675€ |
| 28 | Two Moon03715388 · Manufacturing | <0.1% | 125,285€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,442€ | 23.5% | 1 | 6,282€ |
| 29 | Boka Yachting03385906 · Manufacturing | <0.1% | 116,077€ | +6.9% | -8,457€ | -7.3% | 1 | 1,068€ |
| 30 | Jellcona02672006 · Manufacturing | <0.1% | 107,097€ | -7.1% | -51,909€ | -48.5% | 8 | 577€ |
| 31 | Tendita Bakery03606937 · Manufacturing | <0.1% | 69,391€ | +2,313.6% | 2,854€ | 4.1% | 1 | 1,396€ |
| 32 | Vukal03634515 · Manufacturing | <0.1% | 61,977€ | +80.7% | 1,870€ | 3.0% | 2 | 736€ |
| 33 | Nikaljević03001628 · Manufacturing | <0.1% | 55,296€ | -2.1% | 9,355€ | 16.9% | 2 | 523€ |
| 34 | Zlatara Glasnović02907160 · Manufacturing | <0.1% | 50,801€ | -6.6% | 22,517€ | 44.3% | 2 | 338€ |
| 35 | Bombarda 92903412326 · Manufacturing | <0.1% | 50,404€ | +401.1% | 3,903€ | 7.7% | 1 | — |
| 36 | Grafo Print03091716 · Manufacturing | <0.1% | 45,324€ | -7.2% | 1,918€ | 4.2% | 1 | 1,085€ |
| 37 | Giftko03734625 · Manufacturing | <0.1% | 44,980€ | No filing for 2024. | -2,032€ | -4.5% | 2 | 896€ |
| 38 | Uniart03651835 · Manufacturing | <0.1% | 42,845€ | +33.2% | 1,927€ | 4.5% | 2 | 831€ |
| 39 | Svarog Welding03750680 · Manufacturing | <0.1% | 35,334€ | No filing for 2024. | -5,561€ | -15.7% | 4 | 408€ |
| 40 | Ice Cream Lab03305970 · Manufacturing | <0.1% | 34,677€ | -22.2% | 1,578€ | 4.6% | 2 | 1,015€ |
| 41 | Atelje Starih Zanata03150836 · Manufacturing | <0.1% | 33,857€ | +23.9% | -335€ | -1.0% | 3 | 538€ |
| 42 | Irta02146665 · Manufacturing | <0.1% | 32,589€ | +4.2% | 914€ | 2.8% | 1 | 1,280€ |
| 43 | Stilstone02436833 · Manufacturing | <0.1% | 29,315€ | +65.7% | -7,801€ | -26.6% | 3 | 649€ |
| 44 | Lava02672251 · Manufacturing | <0.1% | 28,366€ | -28.2% | -16,730€ | -59.0% | 3 | 677€ |
| 45 | Premium Tim03573443 · Manufacturing | <0.1% | 27,478€ | +107.6% | 4,336€ | 15.8% | 1 | 1,258€ |
| 46 | Kiro03416810 · Manufacturing | <0.1% | 19,844€ | +13.3% | 386€ | 1.9% | 1 | 721€ |
| 47 | Dučkić02907178 · Manufacturing | <0.1% | 18,124€ | +44.9% | -3,827€ | -21.1% | 2 | 675€ |
| 48 | Nice03202321 · Manufacturing | <0.1% | 17,120€ | -78.5% | -3,335€ | -19.5% | 2 | 371€ |
| 49 | VS&NT Wood03304663 · Manufacturing | <0.1% | 16,000€ | +15.8% | -7,150€ | -44.7% | 1 | 1,025€ |
| 50 | Iron Concept03729524 · Manufacturing | <0.1% | 11,918€ | No filing for 2024. | -10,815€ | -90.7% | 1 | — |