Revenue
8.4% of Montenegro's revenue
1,880 companies earned 1.48b€ in 2025, 8.4% of all company revenue in Montenegro. It ranks 2 of 25 municipalities by revenue. Revenue has grown 2.0× since 2015.
8.4% of Montenegro's revenue
28.6 per 1,000 residents · Montenegro 57.3
Largest employer: Elektroprivreda Crne Gore (1,170)
Total profit: -20.10m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 736,967,003€ | 992 |
| 2016 | 733,856,066€ | 1,087 |
| 2017 | 844,204,582€ | 1,146 |
| 2018 | 902,932,275€ | 1,255 |
| 2019 | 933,841,671€ | 1,348 |
| 2020 | 924,882,736€ | 1,443 |
| 2021 | 1,056,901,497€ | 1,559 |
| 2022 | 1,440,432,113€ | 1,644 |
| 2023 | 1,374,002,941€ | 1,697 |
| 2024 | 1,437,089,028€ | 1,810 |
| 2025 (Preliminary) | 1,483,187,027€ | 1,880 |
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 151–200 of 258
* 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* |
|---|
| 151 | Vulanović PVC i Alu03734161 · Manufacturing | <0.1% | 38,866€ | No filing for 2024. | -4,791€ | -12.3% | 1 | 1,071€ |
| 152 | North Port03670074 · Manufacturing | <0.1% | 38,775€ | +929.1% | -10,172€ | -26.2% | 4 | 689€ |
| 153 | Drvoprojekt03776522 · Manufacturing | <0.1% | 36,518€ | No filing for 2024. | 1,597€ | 4.4% | 3 | — |
| 154 | Miljanić Staklo03779203 · Manufacturing | <0.1% | 35,902€ | No filing for 2024. | 2,933€ | 8.2% | 4 | — |
| 155 | Stolar Kneževič03573052 · Manufacturing | <0.1% | 34,233€ | +56.4% | 472€ | 1.4% | 1 | 338€ |
| 156 | Navaka03670899 · Manufacturing | <0.1% | 33,797€ | +275.4% | 5,227€ | 15.5% | 2 | 966€ |
| 157 | Sun Al03787281 · Manufacturing | <0.1% | 32,594€ | No filing for 2024. | 894€ | 2.7% | 1 | — |
| 158 | Sitoprint03474470 · Manufacturing | <0.1% | 31,930€ | -3.8% | -3,503€ | -11.0% | 2 | 445€ |
| 159 | Crnogorska Destilerija03404340 · Manufacturing | <0.1% | 31,658€ | +683.4% | 2,172€ | 6.9% | 1 | — |
| 160 | Infinity Prestige NK03751201 · Manufacturing | <0.1% | 31,391€ | No filing for 2024. | -5,192€ | -16.5% | 2 | 467€ |
| 161 | Salux Stakloplast03776646 · Manufacturing | <0.1% | 30,624€ | No filing for 2024. | 199€ | 0.6% | 2 | 336€ |
| 162 | Megan02713799 · Manufacturing | <0.1% | 29,728€ | -3.6% | -6,455€ | -21.7% | 2 | 677€ |
| 163 | Ferro-Montenegro03783677 · Manufacturing | <0.1% | 29,000€ | No filing for 2024. | 2,501€ | 8.6% | 1 | — |
| 164 | Profil NK03511855 · Manufacturing | <0.1% | 28,916€ | -59.6% | -978€ | -3.4% | 2 | 450€ |
| 165 | Sanipe02824299 · Manufacturing | <0.1% | 28,751€ | +4.0% | 5,296€ | 18.4% | 1 | 677€ |
| 166 | Perović Granit03415074 · Manufacturing | <0.1% | 28,170€ | +8.3% | 1,552€ | 5.5% | 1 | 675€ |
| 167 | Montenegroživ03427650 · Manufacturing | <0.1% | 28,088€ | -20.7% | -8,148€ | -29.0% | 2 | 521€ |
| 168 | Hakanto03108660 · Manufacturing | <0.1% | 27,466€ | -23.6% | 211€ | 0.8% | 1 | 713€ |
| 169 | Agro Food03669823 · Manufacturing | <0.1% | 27,000€ | +350.0% | 13,408€ | 49.7% | 1 | 339€ |
| 170 | Desla03393810 · Manufacturing | <0.1% | 26,602€ | -9.2% | 195€ | 0.7% | 2 | 397€ |
| 171 | Unigrafika03178455 · Manufacturing | <0.1% | 26,582€ | -9.5% | 2,453€ | 9.2% | 1 | 856€ |
| 172 | Red Rock Fairy03253295 · Manufacturing | <0.1% | 26,346€ | +176.9% | 2,191€ | 8.3% | 2 | 839€ |
| 173 | El Maestro03009084 · Manufacturing | <0.1% | 26,178€ | -23.2% | -10,094€ | -38.6% | 1 | 675€ |
| 174 | Beta Inox03742911 · Manufacturing | <0.1% | 25,838€ | No filing for 2024. | 5,181€ | 20.1% | 1 | 525€ |
| 175 | Okno Com03590879 · Manufacturing | <0.1% | 25,290€ | +95.7% | 936€ | 3.7% | 2 | 622€ |
| 176 | Rubin N&V03719626 · Manufacturing | <0.1% | 24,952€ | No filing for 2024. | 6,250€ | 25.0% | 0 | — |
| 177 | Turnsole03616959 · Manufacturing | <0.1% | 24,063€ | -85.8% | -17,942€ | -74.6% | 3 | 457€ |
| 178 | Boqo03648567 · Manufacturing | <0.1% | 23,535€ | +235.7% | -6,249€ | -26.6% | 1 | 1,048€ |
| 179 | Luka Gold03206980 · Manufacturing | <0.1% | 23,525€ | +16.9% | 6,560€ | 27.9% | 1 | 385€ |
| 180 | Mi-Master Solutions03617688 · Manufacturing | <0.1% | 23,185€ | +91.1% | -17,683€ | -76.3% | 2 | 765€ |
| 181 | VD Advertising03773876 · Manufacturing | <0.1% | 21,322€ | No filing for 2024. | 818€ | 3.8% | 1 | — |
| 182 | MI&BO Trade03400000 · Manufacturing | <0.1% | 21,106€ | +18.4% | -2,006€ | -9.5% | 1 | 678€ |
| 183 | MSC Wood03292797 · Manufacturing | <0.1% | 20,760€ | -0.6% | 64€ | 0.3% | 1 | 800€ |
| 184 | XXL Wood03160645 · Manufacturing | <0.1% | 20,418€ | -41.6% | 879€ | 4.3% | 1 | 403€ |
| 185 | Multishop03690865 · Manufacturing | <0.1% | 19,822€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -267€ | -1.3% | 1 | 339€ |
| 186 | Perihel03752682 · Manufacturing | <0.1% | 19,449€ | No filing for 2024. | 2,203€ | 11.3% | 1 | — |
| 187 | Monteživ M&B03779408 · Manufacturing | <0.1% | 19,306€ | No filing for 2024. | 880€ | 4.6% | 1 | 778€ |
| 188 | Dekoracije Studio 1303717461 · Manufacturing | <0.1% | 18,438€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,592€ | -35.8% | 2 | 613€ |
| 189 | Nino Design02648393 · Manufacturing | <0.1% | 17,811€ | -66.3% | 396€ | 2.2% | 1 | 575€ |
| 190 | Madex03130541 · Manufacturing | <0.1% | 17,354€ | +13.9% | 207€ | 1.2% | 2 | 481€ |
| 191 | VS Product Export Import03491650 · Manufacturing | <0.1% | 16,702€ | -5.0% | -2,937€ | -17.6% | 1 | 393€ |
| 192 | BAL&DAR03151280 · Manufacturing | <0.1% | 15,921€ | -13.1% | -17,787€ | -111.7% | 2 | 711€ |
| 193 | Pekara Radulović03555038 · Manufacturing | <0.1% | 15,758€ | -15.4% | -5,008€ | -31.8% | 2 | 805€ |
| 194 | Kop-Design02833158 · Manufacturing | <0.1% | 15,687€ | +3.5% | 159€ | 1.0% | 1 | 674€ |
| 195 | Zvicer03144127 · Manufacturing | <0.1% | 15,143€ | -20.0% | -30,593€ | -202.0% | 4 | 648€ |
| 196 | Ćirović - Les02713284 · Manufacturing | <0.1% | 14,799€ | -26.9% | -105€ | -0.7% | 3 | — |
| 197 | Mini Group NK03775267 · Manufacturing | <0.1% | 14,426€ | No filing for 2024. | 805€ | 5.6% | 2 | — |
| 198 | Vodeničar03344690 · Manufacturing | <0.1% | 14,056€ | +26.5% | 5,943€ | 42.3% | 1 | 333€ |
| 199 | Initium Novum03668509 · Manufacturing | <0.1% | 13,822€ | +235.3% | -1,901€ | -13.8% | 1 | 1,261€ |
| 200 | T3D Studio Print03706443 · Manufacturing | <0.1% | 13,735€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 220€ | 1.6% | 1 | 920€ |