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 270
* 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 | Expo Commerce02280612 · Trade | 7.7% | 38,034,215€ | +5.1% | 2,832,686€ | 7.4% | 210 | 1,639€ |
| 2 | Drvomont02367858 · Trade | 5.0% | 25,094,735€ | +13.0% | 1,404,572€ | 5.6% | 131 | 994€ |
| 3 | Knjaz Miloš - Montenegro02309084 · Trade | 4.7% | 23,356,721€ | +16.1% | 1,023,316€ | 4.4% | 37 | 1,994€ |
| 4 | As Jewelry03169855 · Trade | 3.0% | 14,952,583€ | +63.0% | 756,062€ | 5.1% | 38 | 1,309€ |
| 5 | Vukšić02642042 · Trade | 1.6% | 7,992,628€ | +10.9% | 686,571€ | 8.6% | 15 | 1,146€ |
| 6 | Lanex02055066 · Trade | 1.4% | 7,164,445€ | +2.2% | 149,542€ | 2.1% | 21 | 755€ |
| 7 | Medicor02196344 · Trade | 1.2% | 5,806,162€ | +17.8% | 93,299€ | 1.6% | 37 | 1,752€ |
| 8 | Napredak02033542 · Trade | 1.1% | 5,320,548€ | -0.6% | 1,499,038€ | 28.2% | 41 | 1,616€ |
| 9 | Pamex02310724 · Trade | 0.8% | 4,209,155€ | +18.0% | 239,087€ | 5.7% | 11 | 1,053€ |
| 10 | Alsen Leather03169774 · Trade | 0.7% | 3,698,490€ | +26.0% | -202,169€ | -5.5% | 24 | 1,248€ |
| 11 | Surfmont02458705 · Trade | 0.6% | 3,074,820€ | +0.8% | 118,211€ | 3.8% | 29 | 1,793€ |
| 12 | Aqua Casa03410919 · Trade | 0.5% | 2,639,363€ | +57.1% | 257,982€ | 9.8% | 15 | 1,300€ |
| 13 | Compania De Vinos Montenegro02703599 · Trade | 0.5% | 2,546,542€ | -6.4% | 181,923€ | 7.1% | 13 | 1,294€ |
| 14 | Piper02743051 · Trade | 0.5% | 2,463,654€ | +14.0% | 441,851€ | 17.9% | 20 | 937€ |
| 15 | Step Up02899558 · Trade | 0.5% | 2,256,893€ | +8.7% | 92,482€ | 4.1% | 35 | 920€ |
| 16 | Kotorska Suvenirnica02867281 · Trade | 0.4% | 2,103,462€ | +12.7% | 196,324€ | 9.3% | 0 | — |
| 17 | WTC Company02800438 · Trade | 0.4% | 2,094,373€ | +50.9% | 19,168€ | 0.9% | 10 | 1,075€ |
| 18 | Put-Company02805685 · Trade | 0.4% | 1,856,923€ | -0.1% | 157,091€ | 8.5% | 20 | 951€ |
| 19 | Winterhalter Gastronom Montenegro02448327 · Trade | 0.3% | 1,608,765€ | +10.2% | 279,479€ | 17.4% | 6 | 2,783€ |
| 20 | Velestovo Inn02260425 · Trade | 0.3% | 1,565,077€ | -10.3% | 95,546€ | 6.1% | 9 | 894€ |
| 21 | Tomičić02648750 · Trade | 0.3% | 1,501,029€ | -5.1% | 29,083€ | 1.9% | 29 | 873€ |
| 22 | Mivis02828626 · Trade | 0.3% | 1,327,955€ | -8.6% | 18,193€ | 1.4% | 4 | 358€ |
| 23 | Green Story03412571 · Trade | 0.3% | 1,270,381€ | +34.4% | 136,108€ | 10.7% | 6 | 1,224€ |
| 24 | S & i - Lim03127567 · Trade | 0.2% | 1,182,548€ | +89.1% | 44,399€ | 3.8% | 1 | 680€ |
| 25 | Aesculap02432579 · Trade | 0.2% | 1,162,693€ | +2.6% | 94,058€ | 8.1% | 5 | 1,510€ |
| 26 | Milunović Co Trade02336456 · Trade | 0.2% | 952,708€ | -1.7% | 40,114€ | 4.2% | 6 | 717€ |
| 27 | Unel02411563 · Trade | 0.2% | 938,394€ | +98.3% | 96,936€ | 10.3% | 8 | 1,376€ |
| 28 | Katarea02405539 · Trade | 0.2% | 817,171€ | +3.2% | 82,529€ | 10.1% | 8 | 874€ |
| 29 | Balkan Deri03158004 · Trade | 0.2% | 751,691€ | -11.6% | 148,104€ | 19.7% | 9 | 1,501€ |
| 30 | Zuko Trade03166210 · Trade | 0.1% | 714,360€ | +1.5% | 125,524€ | 17.6% | 8 | 1,474€ |
| 31 | Click02377497 · Trade | 0.1% | 683,041€ | +1.9% | 43,210€ | 6.3% | 3 | 816€ |
| 32 | Milić & Co02192632 · Trade | 0.1% | 671,169€ | +26.3% | 27,473€ | 4.1% | 6 | 1,125€ |
| 33 | Erlind02076497 · Trade | 0.1% | 660,107€ | +5.1% | 25,537€ | 3.9% | 3 | 1,223€ |
| 34 | Albo Mne03165183 · Trade | 0.1% | 599,533€ | -31.6% | -75,529€ | -12.6% | 6 | 1,867€ |
| 35 | Pingvin02102889 · Trade | 0.1% | 579,836€ | +5.8% | 32,651€ | 5.6% | 11 | 792€ |
| 36 | Rattan Sedia03079813 · Trade | 0.1% | 544,568€ | -35.4% | 12,545€ | 2.3% | 2 | 3,525€ |
| 37 | Premia Montenegro03209334 · Trade | 0.1% | 538,866€ | +120.2% | 304,408€ | 56.5% | 10 | 733€ |
| 38 | Magud Company02172224 · Trade | 0.1% | 530,493€ | -19.8% | 26,608€ | 5.0% | 6 | 966€ |
| 39 | Simiž02219425 · Trade | 0.1% | 497,776€ | +29.9% | -25,505€ | -5.1% | 6 | 820€ |
| 40 | Montenegro Spirit03347141 · Trade | <0.1% | 479,450€ | +187.3% | 39,658€ | 8.3% | 5 | 1,412€ |
| 41 | MMSS803691799 · Trade | <0.1% | 444,766€ | +75,669.3% | 150,372€ | 33.8% | 6 | 889€ |
| 42 | Fortezza02780747 · Trade | <0.1% | 443,703€ | +9.9% | 105,241€ | 23.7% | 9 | 767€ |
| 43 | Lusso Montenegro02876400 · Trade | <0.1% | 442,577€ | +73.6% | -47,363€ | -10.7% | 3 | 1,133€ |
| 44 | Pima02050242 · Trade | <0.1% | 427,312€ | -27.5% | 10,428€ | 2.4% | 1 | 2,267€ |
| 45 | Vic Fil02223783 · Trade | <0.1% | 418,278€ | -17.3% | 20,934€ | 5.0% | 15 | 941€ |
| 46 | Mass-Light03717160 · Trade | <0.1% | 386,286€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 36,171€ | 9.4% | 4 | 1,181€ |
| 47 | Kolpa Zeta02381869 · Trade | <0.1% | 381,327€ | -5.4% | 13,370€ | 3.5% | 2 | 1,503€ |
| 48 | Silk and Silky03363295 · Trade | <0.1% | 364,312€ | +15.1% | 115,243€ | 31.6% | 3 | 1,490€ |
| 49 | Petrol Servis02761696 · Trade | <0.1% | 350,927€ | +3.6% | 6,592€ | 1.9% | 7 | 922€ |
| 50 | Šotobraco03643204 · Trade | <0.1% | 336,010€ | +66.1% | 19,523€ | 5.8% | 4 | 1,193€ |