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 401–450 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* |
|---|
| 401 | Projektor02720892 · Professional services | <0.1% | 157,961€ | -21.1% | 1,863€ | 1.2% | 4 | 1,216€ |
| 402 | Fortaleze Beach03313905 · Hospitality | <0.1% | 157,180€ | +9.3% | 26,714€ | 17.0% | 3 | 828€ |
| 403 | Katalyst03008355 · Professional services | <0.1% | 156,471€ | -34.0% | 51,409€ | 32.9% | 1 | 676€ |
| 404 | M&R-Food03637484 · Hospitality | <0.1% | 156,226€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,614€ | 7.4% | 4 | 703€ |
| 405 | Ardado Consulting03154335 · Professional services | <0.1% | 155,745€ | +22.8% | 47,006€ | 30.2% | 4 | 1,783€ |
| 406 | M Work03085511 · Construction | <0.1% | 155,664€ | +8.4% | 34,351€ | 22.1% | 2 | 628€ |
| 407 | 3a Consulting03418391 · Technology | <0.1% | 155,056€ | -26.9% | 49,366€ | 31.8% | 4 | 1,194€ |
| 408 | Kaform Montenegro03748146 · Construction | <0.1% | 151,699€ | No filing for 2024. | -20,597€ | -13.6% | 12 | 672€ |
| 409 | 42 North02945266 · Real estate | <0.1% | 151,280€ | +4.0% | 20,854€ | 13.8% | 1 | 677€ |
| 410 | Abris Montenegro03488225 · Administrative services | <0.1% | 151,126€ | +176.7% | -3,302€ | -2.2% | 1 | 680€ |
| 411 | Maris Re03103820 · Real estate | <0.1% | 150,173€ | -5.2% | -34,360€ | -22.9% | 1 | 339€ |
| 412 | An Investments03573664 · Real estate | <0.1% | 149,273€ | +217.6% | 98,447€ | 66.0% | 1 | 674€ |
| 413 | Faby Trade and Consulting03229173 · Professional services | <0.1% | 148,852€ | +289.4% | 29,981€ | 20.1% | 1 | 675€ |
| 414 | GB Montenegro Architecture03169251 · Professional services | <0.1% | 148,526€ | +90.2% | 68,496€ | 46.1% | 4 | 680€ |
| 415 | GNM02370018 · Professional services | <0.1% | 148,440€ | +7.7% | 11,238€ | 7.6% | 8 | 1,148€ |
| 416 | Golden Pearl02690454 · Construction | <0.1% | 148,145€ | +58.9% | -827,718€ | -558.7% | 2 | 739€ |
| 417 | Maestralfisch02413086 · Agriculture | <0.1% | 147,308€ | -63.3% | 7,088€ | 4.8% | 2 | 1,774€ |
| 418 | Denicom02932377 · Trade | <0.1% | 145,029€ | -8.5% | 758€ | 0.5% | 6 | 920€ |
| 419 | Bačić Company02907968 · Construction | <0.1% | 144,871€ | +52.1% | 23,413€ | 16.2% | 2 | 677€ |
| 420 | Eling CG02831538 · Construction | <0.1% | 144,603€ | +10.6% | 1,726€ | 1.2% | 2 | 904€ |
| 421 | ‘’eleven Controls Montenegro02971356 · Professional services | <0.1% | 144,251€ | -25.3% | 29,207€ | 20.2% | 2 | 922€ |
| 422 | MRC Water Sports03159515 · Trade | <0.1% | 143,990€ | +39.8% | -58,938€ | -40.9% | 2 | 1,008€ |
| 423 | Proces Steel03366537 · Trade | <0.1% | 143,849€ | +53.8% | 7,985€ | 5.6% | 1 | 926€ |
| 424 | Union Plus03458113 · Real estate | <0.1% | 143,296€ | +487.0% | -104,270€ | -72.8% | 1 | 929€ |
| 425 | Resido Montenegro02786605 · Real estate | <0.1% | 142,288€ | -54.4% | 8,312€ | 5.8% | 4 | 981€ |
| 426 | Tehno Tours02446022 · Construction | <0.1% | 142,282€ | -78.9% | 23,931€ | 16.8% | 3 | 745€ |
| 427 | Montpass03488071 · Professional services | <0.1% | 141,719€ | -51.3% | 14,413€ | 10.2% | 3 | 1,153€ |
| 428 | Montenegro Marine Services02828715 · Transport & logistics | <0.1% | 141,541€ | -12.9% | 6,339€ | 4.5% | 2 | 832€ |
| 429 | Luković02696126 · Trade | <0.1% | 140,238€ | +14.5% | 1,741€ | 1.2% | 4 | 842€ |
| 430 | South Point03186172 · Transport & logistics | <0.1% | 139,977€ | -17.0% | 20,468€ | 14.6% | 1 | 1,053€ |
| 431 | MNR Capital03362094 · Real estate | <0.1% | 139,236€ | +77.1% | 91,719€ | 65.9% | 1 | 987€ |
| 432 | Andrap03149633 · Real estate | <0.1% | 138,935€ | +3.8% | -80,818€ | -58.2% | 1 | 681€ |
| 433 | Murano Mne03290476 · Trade | <0.1% | 138,584€ | +12.6% | 3,933€ | 2.8% | 3 | 509€ |
| 434 | Agro-Bell03393950 · Real estate | <0.1% | 138,297€ | +2.6% | 35,157€ | 25.4% | 1 | 674€ |
| 435 | Soul03486958 · Hospitality | <0.1% | 137,950€ | -2.3% | 19,256€ | 14.0% | 8 | 450€ |
| 436 | All Safe03452115 · Trade | <0.1% | 137,485€ | -19.1% | 14,145€ | 10.3% | 2 | 1,209€ |
| 437 | Delić Koji Nedostaje11091377 · Public & nonprofit | <0.1% | 136,457€ | -10.8% | -7,253€ | -5.3% | 0 | — |
| 438 | G.Z.D.02731002 · Trade | <0.1% | 136,263€ | +2.0% | 4,483€ | 3.3% | 3 | 681€ |
| 439 | Boatservice Montenegro03403521 · Manufacturing | <0.1% | 134,712€ | +18.8% | 1,298€ | 1.0% | 2 | 627€ |
| 440 | LMP Konstrukcije02387417 · Construction | <0.1% | 134,197€ | -10.8% | 3,208€ | 2.4% | 2 | 797€ |
| 441 | TCHSP03752259 · Hospitality | <0.1% | 133,176€ | No filing for 2024. | 21,423€ | 16.1% | 3 | 1,370€ |
| 442 | Arsenal - Rem Tivat03052982 · Manufacturing | <0.1% | 132,913€ | +620.1% | 24,533€ | 18.5% | 1 | 4,360€ |
| 443 | Jadrobeat03594645 · Technology | <0.1% | 132,151€ | +48.7% | 52€ | 0.0% | 1 | 2,463€ |
| 444 | Adriatica Plus03696472 · Personal services | <0.1% | 131,674€ | +7,502.4% | 34,190€ | 26.0% | 5 | 575€ |
| 445 | Tira E Molla02714841 · Manufacturing | <0.1% | 131,375€ | +21.9% | 29,959€ | 22.8% | 5 | — |
| 446 | Shine M & D03391442 · Administrative services | <0.1% | 130,900€ | +58.1% | 45,774€ | 35.0% | 4 | 1,356€ |
| 447 | Pupović Elektro In02358760 · Construction | <0.1% | 130,697€ | -30.5% | 2,715€ | 2.1% | 3 | 547€ |
| 448 | Sotko Montenegro03247155 · Construction | <0.1% | 130,599€ | +13,012.3% | -281,429€ | -215.5% | 1 | 339€ |
| 449 | Aegean Technicmarine03415651 · Manufacturing | <0.1% | 129,708€ | -4.8% | 42,981€ | 33.1% | 5 | 578€ |
| 450 | Granoff03247449 · Trade | <0.1% | 129,209€ | +20.2% | -567,309€ | -439.1% | 14 | 1,539€ |