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 2001–2026 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* |
|---|
| 2001 | Temple Tree Hospitality Montenegro (TTHM)03468615 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,439€ | — | 1 | — |
| 2002 | Tennn Properties03442551 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -86,284€ | — | 1 | 678€ |
| 2003 | Tetratest Group03690008 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 2004 | The Bee Trade03213633 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,646€ | — | 1 | 788€ |
| 2005 | The Life03708764 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 2006 | The Yard03494535 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,065€ | — | 1 | 678€ |
| 2007 | TLG Development03384918 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,442€ | — | 1 | — |
| 2008 | Toolah03519945 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,193€ | — | 1 | — |
| 2009 | Total Montenegro Security Solutions03410404 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -68,397€ | — | 3 | 1,505€ |
| 2010 | Truetone Europe03733203 · Trade | 0.0% | 0€ | No filing for 2024. | -2,848€ | — | 1 | — |
| 2011 | TRYST Publications03722198 · Arts & entertainment | 0.0% | 0€ | No filing for 2024. | -7,077€ | — | 1 | 590€ |
| 2012 | Tuku Contracting and Investment03190897 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,595€ | — | 1 | — |
| 2013 | Unified Dynamic Systems03515702 · Arts & entertainment | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2014 | Vapor Service03748545 · Manufacturing | 0.0% | 0€ | No filing for 2024. | -1,004€ | — | — | — |
| 2015 | Vegaplus03459705 · Professional services | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2016 | Viiv03304698 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,918€ | — | 2 | 678€ |
| 2017 | Vistawave03667057 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,361€ | — | 2 | 678€ |
| 2018 | Voxel03422151 · Technology | 0.0% | 0€ | -100.0% | -12,489€ | — | 1 | 926€ |
| 2019 | Voxxes03483908 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 2020 | Voya03788792 · Trade | 0.0% | 0€ | No filing for 2024. | -750€ | — | 0 | — |
| 2021 | Wendkuni03503968 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 2022 | White Village03687848 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,850€ | — | 1 | 678€ |
| 2023 | Perla Dent 103743080 · Health & social care | 0.0% | 0€ | No filing for 2024. | -8,735€ | — | 1 | 719€ |
| 2024 | Zelena Kuća03167208 · Hospitality | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 2025 | Zeuus Energy03378004 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -125,046€ | — | 4 | 921€ |
| 2026 | B2 Services03443906 · Professional services | 0.0% | -1,290€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,264€ | — | 1 | 678€ |