Revenue
4.1% of Montenegro's revenue
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
4.1% of Montenegro's revenue
124.0 per 1,000 residents · Montenegro 57.3
Largest employer: Adriatic Marinas (212)
Total profit: 28.96m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
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 51–100 of 2,026
* 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* |
|---|
| 51 | Zaliv Pro03326373 · Hospitality | 0.3% | 2,170,191€ | -17.1% | 182,785€ | 8.4% | 31 | 1,367€ |
| 52 | Optimist02815796 · Hospitality | 0.3% | 2,137,097€ | -2.2% | 67,390€ | 3.2% | 19 | 2,233€ |
| 53 | La Perla Hospitality03295419 · Hospitality | 0.3% | 2,030,704€ | -69.1% | 163,229€ | 8.0% | 13 | 2,123€ |
| 54 | Mimoza02008564 · Hospitality | 0.3% | 1,982,480€ | +12.6% | -189,033€ | -9.5% | 51 | 1,323€ |
| 55 | Polar Clean Hemijska02846349 · Personal services | 0.3% | 1,959,612€ | -12.4% | 552,739€ | 28.2% | 36 | 1,117€ |
| 56 | Mare Invest03293734 · Hospitality | 0.3% | 1,944,862€ | +29.3% | 280,363€ | 14.4% | 26 | 1,289€ |
| 57 | M Trans Company03213137 · Transport & logistics | 0.3% | 1,942,314€ | +60.0% | 320,896€ | 16.5% | 6 | 1,087€ |
| 58 | TVT03126056 · Transport & logistics | 0.3% | 1,822,585€ | +27.6% | 119,864€ | 6.6% | 14 | 709€ |
| 59 | Bread03151409 · Manufacturing | 0.2% | 1,773,290€ | +8.5% | 170,379€ | 9.6% | 25 | 1,680€ |
| 60 | Kafeterija Montenegro03198928 · Hospitality | 0.2% | 1,725,048€ | +44.5% | 25,021€ | 1.5% | 32 | 1,476€ |
| 61 | LB Security and Emergency Response Services03416089 · Administrative services | 0.2% | 1,687,106€ | +83.7% | 607,496€ | 36.0% | 41 | 1,936€ |
| 62 | Rotor02047799 · Trade | 0.2% | 1,679,196€ | +20.4% | 128,587€ | 7.7% | 30 | 1,066€ |
| 63 | Olive Invest02965887 · Hospitality | 0.2% | 1,638,014€ | -8.1% | -1,079,353€ | -65.9% | 50 | 1,482€ |
| 64 | A&A Design and Interior03394611 · Real estate | 0.2% | 1,637,027€ | +621.1% | -175,971€ | -10.7% | 6 | 674€ |
| 65 | Rove02726874 · Construction | 0.2% | 1,626,454€ | -27.1% | 32,793€ | 2.0% | 26 | 1,236€ |
| 66 | Pippo's Yacht Supplies02776081 · Hospitality | 0.2% | 1,568,712€ | -12.1% | 83,012€ | 5.3% | 32 | 1,353€ |
| 67 | Mamula Hotel Operating Company03396592 · Hospitality | 0.2% | 1,517,004€ | -37.3% | -705,027€ | -46.5% | 10 | 3,338€ |
| 68 | Noblewood Group03443833 · Professional services | 0.2% | 1,509,811€ | +9.4% | 72,056€ | 4.8% | 1 | 17,467€ |
| 69 | Javna Ustanova Centar za Kulturu - Tivat02015218 · Arts & entertainment | 0.2% | 1,506,517€ | +1.5% | 85,028€ | 5.6% | 0 | — |
| 70 | Montenegro Investment & Land Holdings02451247 · Real estate | 0.2% | 1,505,565€ | +75,278,150.0% | 295,009€ | 19.6% | 1 | 464€ |
| 71 | Seaars02752387 · Arts & entertainment | 0.2% | 1,500,200€ | +0.9% | 6,766€ | 0.5% | 28 | 1,135€ |
| 72 | Amđ Inženjering03406644 · Construction | 0.2% | 1,487,431€ | -57.1% | 77,983€ | 5.2% | 1 | 641€ |
| 73 | Sun Power03067173 · Construction | 0.2% | 1,485,577€ | +2.7% | 134,425€ | 9.0% | 4 | 2,321€ |
| 74 | Padella02718634 · Trade | 0.2% | 1,482,110€ | +15.9% | 56,700€ | 3.8% | 7 | 1,620€ |
| 75 | Prento Yacht Assistant02753685 · Manufacturing | 0.2% | 1,466,336€ | -6.0% | 68,876€ | 4.7% | 18 | 1,305€ |
| 76 | LB Leisure Management03347958 · Hospitality | 0.2% | 1,465,352€ | +24.1% | -1,690,199€ | -115.3% | 20 | 6,750€ |
| 77 | Lindner02619849 · Construction | 0.2% | 1,431,892€ | -27.8% | 446,450€ | 31.2% | 3 | 725€ |
| 78 | RB Holding02746093 · Construction | 0.2% | 1,429,830€ | +26.1% | 53,329€ | 3.7% | 18 | 1,391€ |
| 79 | D Photo Trade02389231 · Trade | 0.2% | 1,411,922€ | +24.7% | 42,748€ | 3.0% | 10 | 1,574€ |
| 80 | Los Gueros03400107 · Hospitality | 0.2% | 1,385,974€ | +27.4% | 46,126€ | 3.3% | 16 | 1,547€ |
| 81 | Das Boka Group02923181 · Construction | 0.2% | 1,377,049€ | +153.1% | 251,505€ | 18.3% | 21 | 1,577€ |
| 82 | Adriatic Star Development03194035 · Construction | 0.2% | 1,298,209€ | +121.3% | 34,600€ | 2.7% | 2 | 1,644€ |
| 83 | Manor Hotels03381145 · Hospitality | 0.2% | 1,272,396€ | +6.9% | 52,128€ | 4.1% | 24 | 1,340€ |
| 84 | Scklomont02105667 · Construction | 0.2% | 1,258,911€ | +17.4% | 60,682€ | 4.8% | 7 | 1,061€ |
| 85 | Ski & Sea Montenegro03398358 · Trade | 0.2% | 1,255,539€ | -23.3% | 45,836€ | 3.7% | 4 | 2,103€ |
| 86 | A.C.E. Adventure02712792 · Arts & entertainment | 0.2% | 1,240,020€ | -2.1% | -61,667€ | -5.0% | 6 | 2,035€ |
| 87 | Zen Management03233049 · Hospitality | 0.2% | 1,234,619€ | +85.3% | 142,283€ | 11.5% | 14 | 1,690€ |
| 88 | Spirits Worldwide03383245 · Trade | 0.2% | 1,229,887€ | +5.3% | 136,401€ | 11.1% | 2 | 757€ |
| 89 | Lalizas Montenegro03174573 · Trade | 0.2% | 1,209,329€ | +13.1% | 105,443€ | 8.7% | 11 | 2,498€ |
| 90 | MK Green Factory02986647 · Trade | 0.2% | 1,183,640€ | +23.7% | 103,603€ | 8.8% | 13 | 1,542€ |
| 91 | September Hotels02856484 · Hospitality | 0.2% | 1,173,467€ | +29.5% | 50,032€ | 4.3% | 33 | 966€ |
| 92 | Center Cruises03451364 · Administrative services | 0.2% | 1,129,078€ | +64.3% | 13,199€ | 1.2% | 1 | 681€ |
| 93 | Objekta02368323 · Manufacturing | 0.2% | 1,098,362€ | +6.4% | 80,211€ | 7.3% | 26 | 638€ |
| 94 | Integer Smart Solutions02925354 · Construction | 0.1% | 1,061,732€ | +39.6% | 244,657€ | 23.0% | 1 | 4,263€ |
| 95 | Adriatic Superyacht Services03283216 · Manufacturing | 0.1% | 1,037,433€ | +16.7% | 97,439€ | 9.4% | 1 | 1,652€ |
| 96 | Confido Company03265846 · Real estate | 0.1% | 1,020,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 848,526€ | 83.2% | 1 | 1,243€ |
| 97 | Samcommerce Plus02982234 · Transport & logistics | 0.1% | 1,019,710€ | +32.9% | 62,482€ | 6.1% | 19 | 1,656€ |
| 98 | Luštica Bay Electricity Company03223108 · Energy, water & waste | 0.1% | 1,018,391€ | +40.5% | 114,368€ | 11.2% | 4 | 3,709€ |
| 99 | Adriatic Bay Corporation03181642 · Professional services | 0.1% | 1,015,307€ | -8.4% | 200,044€ | 19.7% | 16 | 979€ |
| 100 | Re Invest03222152 · Real estate | 0.1% | 1,006,677€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,859€ | -0.3% | 1 | 678€ |