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 151–200 of 242
* 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 | WG Company03622517 · Construction | <0.1% | 1,810€ | -59.1% | -6,347€ | -350.7% | 1 | 678€ |
| 152 | Meren03386872 · Construction | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,681€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 673€ |
| 153 | Paint Novak 308703767396 · Construction | <0.1% | 1,480€ | No filing for 2024. | -4,392€ | -296.8% | 1 | 363€ |
| 154 | Luštica Neimar03418804 · Construction | <0.1% | 1,010€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,203€ | -713.2% | 1 | 677€ |
| 155 | W&N Hidroizolacija03805123 · Construction | <0.1% | 873€ | No filing for 2024. | -730€ | -83.6% | 1 | — |
| 156 | Park Construction03458725 · Construction | <0.1% | 495€ | +49,400.0% | -14,616€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 157 | Synchro North03557774 · Construction | <0.1% | 240€ | +23,900.0% | -1,455,130€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 158 | Telos03439712 · Construction | <0.1% | 178€ | +2,866.7% | -20,084€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 159 | CG Lux02619237 · Construction | <0.1% | 140€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -88,898€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 160 | CG Hotel03147045 · Construction | <0.1% | 113€ | +222.9% | -171,169€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,521€ |
| 161 | Vicom Development Montenegro03669904 · Construction | <0.1% | 83€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -95,638€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 679€ |
| 162 | Lura02636689 · Construction | <0.1% | 83€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,108€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 163 | Empresa Mimoza03301818 · Construction | <0.1% | 77€ | +2,466.7% | -925,042€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 2,610€ |
| 164 | Butiko 203706877 · Construction | <0.1% | 71€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,066€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 165 | Badem Management03183386 · Construction | <0.1% | 43€ | -100.0% | -23,083€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 713€ |
| 166 | E&S Stroi Group03537021 · Construction | <0.1% | 11€ | -98.2% | -36,528€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 342€ |
| 167 | Galeos Invest03547469 · Construction | <0.1% | 10€ | +400.0% | -26,829€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 168 | I Cattarini03222829 · Construction | <0.1% | 2€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,929€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 514€ |
| 169 | Synchro PM103557766 · Construction | <0.1% | 1€ | -99.9% | -344,653€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 170 | Active Construction03644090 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,572€ | — | 2 | 696€ |
| 171 | Adm Adriatic03634256 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,027€ | — | 2 | — |
| 172 | Altotivat03747158 · Construction | 0.0% | 0€ | No filing for 2024. | -4,510€ | — | 1 | — |
| 173 | Ar Group03444465 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,844€ | — | 1 | 339€ |
| 174 | BPC Montenegro03474828 · Construction | 0.0% | 0€ | -100.0% | -135,447€ | — | 1 | 374€ |
| 175 | Calcania03764141 · Construction | 0.0% | 0€ | No filing for 2024. | -5,427€ | — | 1 | 375€ |
| 176 | Crop Europe03502228 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -136,014€ | — | 2 | 3,532€ |
| 177 | Aa Plus Development03546144 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,647€ | — | 1 | 927€ |
| 178 | Adria Final03810771 · Construction | 0.0% | 0€ | No filing for 2024. | -88€ | — | 1 | — |
| 179 | Aleks Kraps03596443 · Construction | 0.0% | 0€ | -100.0% | -7,296€ | — | 1 | 528€ |
| 180 | Di Bella Development03754626 · Construction | 0.0% | 0€ | No filing for 2024. | -17,880€ | — | 2 | 336€ |
| 181 | Doz Keramika03799247 · Construction | 0.0% | 0€ | No filing for 2024. | -1,291€ | — | 1 | — |
| 182 | Durmitor Capital Holdings03652378 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,682€ | — | 1 | — |
| 183 | Elman03788229 · Construction | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 184 | Etna Sistem03680410 · Construction | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 185 | Ežhba Investments03545253 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,611€ | — | 1 | 922€ |
| 186 | Figtree03639517 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,329€ | — | 2 | 594€ |
| 187 | Forza Development03750779 · Construction | 0.0% | 0€ | No filing for 2024. | -3,284€ | — | 1 | — |
| 188 | Gold Buta Construction03787010 · Construction | 0.0% | 0€ | No filing for 2024. | -2,543€ | — | 0 | — |
| 189 | Gravity Link03779734 · Construction | 0.0% | 0€ | No filing for 2024. | -3,301€ | — | 1 | — |
| 190 | Grey Unit03808696 · Construction | 0.0% | 0€ | No filing for 2024. | -277€ | — | 1 | — |
| 191 | Grnčar02719223 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 192 | Hde03785149 · Construction | 0.0% | 0€ | No filing for 2024. | -1,180€ | — | 0 | — |
| 193 | Ideas&Solutions Re03586499 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -241,148€ | — | 1 | 678€ |
| 194 | Ikarus Tourism & Promotion Service03228959 · Construction | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 195 | MDM Gradnja03113540 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,089€ | — | 1 | 674€ |
| 196 | MM Dom03777260 · Construction | 0.0% | 0€ | No filing for 2024. | -4,589€ | — | 1 | 379€ |
| 197 | Montefish Construction03752887 · Construction | 0.0% | 0€ | No filing for 2024. | -2,759€ | — | 1 | — |
| 198 | Montenegro HR Service03534332 · Construction | 0.0% | 0€ | -100.0% | -8,190€ | — | 1 | 670€ |
| 199 | Monteval Residences- Ambiental Living03791556 · Construction | 0.0% | 0€ | No filing for 2024. | -35,214€ | — | 1 | 2,258€ |
| 200 | Parsectra03804348 · Construction | 0.0% | 0€ | No filing for 2024. | -1,529€ | — | 0 | — |