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 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* |
|---|
| 1 | Crnogorska Plovidba02399849 · Transport & logistics | 3.6% | 17,759,262€ | +100.4% | -26,025,647€ | -146.5% | 8 | 2,801€ |
| 2 | Carinvest02349124 · Transport & logistics | 3.1% | 15,649,348€ | -3.9% | 769,128€ | 4.9% | 123 | 1,299€ |
| 3 | Luka Kotor02044188 · Transport & logistics | 1.4% | 6,899,755€ | +15.3% | 1,904,875€ | 27.6% | 69 | 2,499€ |
| 4 | Braća Magud - Grbalj02424312 · Transport & logistics | 1.2% | 5,965,936€ | +16.9% | 867,060€ | 14.5% | 26 | 921€ |
| 5 | Montenegro Submarine02970449 · Transport & logistics | 0.3% | 1,553,865€ | +30.9% | 80,929€ | 5.2% | 25 | 1,891€ |
| 6 | Đuković02640147 · Transport & logistics | 0.2% | 1,131,768€ | +7.6% | 233,644€ | 20.6% | 38 | 655€ |
| 7 | Texmontoil02408147 · Transport & logistics | 0.2% | 1,086,708€ | +18.6% | 161,981€ | 14.9% | 16 | 1,011€ |
| 8 | Autoboka02013045 · Transport & logistics | 0.2% | 967,066€ | +29.5% | 336,081€ | 34.8% | 13 | 1,834€ |
| 9 | BCM Group03167437 · Transport & logistics | 0.2% | 966,415€ | +9.0% | 121,445€ | 12.6% | 19 | 1,280€ |
| 10 | Jadran Ekspres02873192 · Transport & logistics | 0.2% | 911,734€ | -15.0% | -51,831€ | -5.7% | 19 | 1,258€ |
| 11 | Old Town Travel03020452 · Transport & logistics | 0.2% | 897,883€ | +10.0% | 8,073€ | 0.9% | 21 | 1,120€ |
| 12 | Đir Taxi02666600 · Transport & logistics | 0.2% | 895,481€ | +5.4% | 26,135€ | 2.9% | 27 | 640€ |
| 13 | DM Yachting03038076 · Transport & logistics | 0.2% | 782,843€ | +20.9% | 65,815€ | 8.4% | 2 | 3,977€ |
| 14 | DRM Maritime Services02619458 · Transport & logistics | 0.2% | 759,090€ | +19.9% | 12,700€ | 1.7% | 2 | 1,942€ |
| 15 | Tujko Logistic03411877 · Transport & logistics | 0.1% | 710,531€ | +6.9% | 18,399€ | 2.6% | 6 | 1,165€ |
| 16 | SMN Transporti02439093 · Transport & logistics | 0.1% | 574,381€ | +23.8% | 34,532€ | 6.0% | 7 | 604€ |
| 17 | Golden Wave Company03180212 · Transport & logistics | 0.1% | 540,388€ | +30.1% | 71,422€ | 13.2% | 11 | 743€ |
| 18 | Vukfam03438708 · Transport & logistics | 0.1% | 513,427€ | +62.3% | 103,150€ | 20.1% | 7 | 1,828€ |
| 19 | Popeye02700719 · Transport & logistics | <0.1% | 382,986€ | -3.3% | 844€ | 0.2% | 5 | 892€ |
| 20 | Touring02348705 · Transport & logistics | <0.1% | 358,308€ | +6.3% | -10,503€ | -2.9% | 7 | 806€ |
| 21 | Kotor Vip Boat03333400 · Transport & logistics | <0.1% | 257,809€ | +19.6% | 3,490€ | 1.4% | 7 | 689€ |
| 22 | South Star Provisions02977354 · Transport & logistics | <0.1% | 223,061€ | +143.5% | 47,863€ | 21.5% | 1 | 490€ |
| 23 | Tourist Pul03201759 · Transport & logistics | <0.1% | 222,876€ | +95.0% | 27,708€ | 12.4% | 8 | 859€ |
| 24 | Kotor Travel02975017 · Transport & logistics | <0.1% | 206,419€ | +30.4% | 48,688€ | 23.6% | 5 | 810€ |
| 25 | Nidas Ko03250024 · Transport & logistics | <0.1% | 185,272€ | -21.7% | 987€ | 0.5% | 5 | 794€ |
| 26 | Lazaro02217848 · Transport & logistics | <0.1% | 176,985€ | -1.1% | -65,523€ | -37.0% | 6 | 1,055€ |
| 27 | Rijo03298892 · Transport & logistics | <0.1% | 171,934€ | +186.4% | -35,639€ | -20.7% | 9 | 543€ |
| 28 | Ship Travel Dado02968134 · Transport & logistics | <0.1% | 162,286€ | +33.6% | 52,400€ | 32.3% | 4 | 678€ |
| 29 | Kotor Boat Tours03122115 · Transport & logistics | <0.1% | 160,055€ | -13.8% | -5,708€ | -3.6% | 4 | 460€ |
| 30 | Luna Perast03318842 · Transport & logistics | <0.1% | 155,695€ | +31.1% | 54,432€ | 35.0% | 5 | 706€ |
| 31 | Sea Horizon03238253 · Transport & logistics | <0.1% | 155,671€ | +120.1% | 29,780€ | 19.1% | 3 | 900€ |
| 32 | Ilmi Trade03156281 · Transport & logistics | <0.1% | 153,806€ | -15.0% | 4,388€ | 2.9% | 2 | 625€ |
| 33 | Perović DN Company02733668 · Transport & logistics | <0.1% | 151,408€ | -25.2% | 7,117€ | 4.7% | 3 | 547€ |
| 34 | Montenegro Maritime Company03328082 · Transport & logistics | <0.1% | 150,691€ | +51.4% | 34,155€ | 22.7% | 3 | 2,001€ |
| 35 | M Team03032655 · Transport & logistics | <0.1% | 146,816€ | +178.8% | 67,988€ | 46.3% | 2 | 959€ |
| 36 | B.C.M. - Kotor02718979 · Transport & logistics | <0.1% | 135,881€ | +85.8% | 51,197€ | 37.7% | 3 | 1,184€ |
| 37 | Vip Star Taxi02966883 · Transport & logistics | <0.1% | 127,619€ | -10.6% | -16,505€ | -12.9% | 8 | 675€ |
| 38 | Signal - Commerce MP02983281 · Transport & logistics | <0.1% | 118,028€ | +77.3% | 46,983€ | 39.8% | 1 | 1,876€ |
| 39 | Monte-Connect03182169 · Transport & logistics | <0.1% | 105,056€ | +70.2% | 26,880€ | 25.6% | 3 | 944€ |
| 40 | VTV Limo & Van Service03038483 · Transport & logistics | <0.1% | 100,018€ | +2.3% | 18,454€ | 18.5% | 3 | 413€ |
| 41 | Argo Navis Destinations03423352 · Transport & logistics | <0.1% | 99,753€ | +64.4% | 10,888€ | 10.9% | 2 | 966€ |
| 42 | 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€ |
| 43 | Poseidon Group03514099 · Transport & logistics | <0.1% | 93,980€ | +193.6% | 35,160€ | 37.4% | 5 | 483€ |
| 44 | Miltrans02972212 · Transport & logistics | <0.1% | 93,623€ | -2.3% | 1,534€ | 1.6% | 4 | 634€ |
| 45 | Privezište za Jahte - Kordić Prčanj03078337 · Transport & logistics | <0.1% | 89,717€ | +16.5% | 38,839€ | 43.3% | 2 | 1,131€ |
| 46 | SEA&SUN Adventures03394468 · Transport & logistics | <0.1% | 89,530€ | +81.5% | 9,638€ | 10.8% | 3 | 756€ |
| 47 | Mirković Prevoz03289311 · Transport & logistics | <0.1% | 84,620€ | -24.2% | 5,406€ | 6.4% | 1 | 678€ |
| 48 | Bonaca Travel03723399 · Transport & logistics | <0.1% | 81,354€ | No filing for 2024. | 22,332€ | 27.5% | 0 | — |
| 49 | Vukasović & Vukašinović02646935 · Transport & logistics | <0.1% | 80,371€ | +64.6% | 24,762€ | 30.8% | 4 | 606€ |
| 50 | Bellatrix Yachting03304671 · Transport & logistics | <0.1% | 67,676€ | -19.7% | 5,186€ | 7.7% | 1 | 1,221€ |