Revenue
1.1% of Montenegro's revenue
323 companies earned 195.35m€ in 2025, 1.1% of all company revenue in Montenegro. It ranks 14 of 25 municipalities by revenue. Revenue has grown 3.1× since 2015.
1.1% of Montenegro's revenue
24.9 per 1,000 residents · Montenegro 57.3
Largest employer: Donator (339)
Total profit: 12.27m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 62,433,657€ | 104 |
| 2016 | 71,672,567€ | 113 |
| 2017 | 81,419,211€ | 123 |
| 2018 | 89,768,113€ | 144 |
| 2019 | 90,274,168€ | 157 |
| 2020 | 82,213,301€ | 179 |
| 2021 | 92,756,736€ | 212 |
| 2022 | 120,944,039€ | 233 |
| 2023 | 137,297,598€ | 264 |
| 2024 | 156,695,982€ | 300 |
| 2025 (Preliminary) | 195,348,694€ | 323 |
† Tuzi became a municipality in 2018; earlier years show companies seated there today
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 101–150 of 323
* 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* |
|---|
| 101 | Al Awwal02432056 · Arts & entertainment | <0.1% | 192,844€ | +19.3% | 15,864€ | 8.2% | 4 | 641€ |
| 102 | Amella02865084 · Trade | <0.1% | 190,168€ | +35.4% | 31,812€ | 16.7% | 6 | 819€ |
| 103 | Kola03233529 · Hospitality | <0.1% | 175,547€ | +1.6% | 7,314€ | 4.2% | 6 | 661€ |
| 104 | DHM Art03460703 · Construction | <0.1% | 173,773€ | +27.8% | 4,436€ | 2.6% | 5 | 881€ |
| 105 | Plasal02264978 · Manufacturing | <0.1% | 167,160€ | +103.7% | 315€ | 0.2% | 5 | 740€ |
| 106 | Društvo za Građevinarstvo, Trgovinu i Usluge Tuzmont Construction03296296 · Construction | <0.1% | 165,227€ | +1,072.4% | 89,518€ | 54.2% | 4 | 509€ |
| 107 | Gradnja do All Construction03350673 · Construction | <0.1% | 164,345€ | -12.1% | -10,342€ | -6.3% | 5 | 486€ |
| 108 | Stanex Group03172856 · Construction | <0.1% | 158,793€ | -10.2% | 8,899€ | 5.6% | 2 | 1,048€ |
| 109 | Related03416569 · Trade | <0.1% | 158,778€ | +17.2% | 5,111€ | 3.2% | 13 | 768€ |
| 110 | Pro - Tape03348571 · Trade | <0.1% | 157,154€ | +149.4% | -4,610€ | -2.9% | 3 | 783€ |
| 111 | Hidro Euro Standard03336280 · Construction | <0.1% | 156,425€ | +21.5% | 2,212€ | 1.4% | 4 | 2,053€ |
| 112 | Riangle03371328 · Professional services | <0.1% | 152,820€ | +763.0% | 11,601€ | 7.6% | 2 | 844€ |
| 113 | Adria Investment03240142 · Real estate | <0.1% | 149,224€ | +149.3% | 20,918€ | 14.0% | 1 | 912€ |
| 114 | Rastoder PVC i Al03631893 · Construction | <0.1% | 142,441€ | +178.6% | -32,534€ | -22.8% | 2 | 1,387€ |
| 115 | Boin02323630 · Arts & entertainment | <0.1% | 140,249€ | +50.0% | 40,218€ | 28.7% | 4 | 1,392€ |
| 116 | Phone Parts03425819 · Trade | <0.1% | 135,699€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,159€ | 18.5% | 1 | 675€ |
| 117 | Fast Glass Company03542092 · Construction | <0.1% | 132,886€ | +64.2% | 6,910€ | 5.2% | 3 | 570€ |
| 118 | Martimarket02967430 · Trade | <0.1% | 131,150€ | +29.0% | -7,394€ | -5.6% | 2 | 688€ |
| 119 | Lode Construction03667901 · Construction | <0.1% | 122,473€ | +194.8% | 16,755€ | 13.7% | 5 | 821€ |
| 120 | Llucka Organic Extra Virgin Olive Oil03406792 · Manufacturing | <0.1% | 122,283€ | -9.0% | 5,599€ | 4.6% | 1 | 425€ |
| 121 | Ble-Art Construction03697363 · Construction | <0.1% | 119,825€ | +54.0% | 19,449€ | 16.2% | 10 | 652€ |
| 122 | Saraj - M02779056 · Hospitality | <0.1% | 119,613€ | +33.3% | 9,747€ | 8.1% | 5 | 675€ |
| 123 | Truck Servis Esko03407756 · Trade | <0.1% | 117,109€ | +10.0% | -3,757€ | -3.2% | 2 | 761€ |
| 124 | Worldwide Intermix03488039 · Trade | <0.1% | 101,713€ | +61.2% | 12,975€ | 12.8% | 1 | 1,588€ |
| 125 | Ariana.Company03364674 · Hospitality | <0.1% | 101,416€ | +1.0% | 5,931€ | 5.8% | 2 | 790€ |
| 126 | Alexa03242374 · Construction | <0.1% | 101,365€ | -73.3% | -4,199€ | -4.1% | 5 | 1,081€ |
| 127 | Niskogradnja Fetić03645657 · Construction | <0.1% | 101,040€ | +29.2% | 41,979€ | 41.5% | 3 | 1,134€ |
| 128 | Scan International02105721 · Manufacturing | <0.1% | 100,029€ | -9.2% | 6,487€ | 6.5% | 3 | 758€ |
| 129 | Inovul03583929 · Professional services | <0.1% | 100,000€ | +185.7% | 79,501€ | 79.5% | 3 | 532€ |
| 130 | Marsin02781131 · Finance & insurance | <0.1% | 95,482€ | -38.6% | -3,495€ | -3.7% | 2 | 568€ |
| 131 | Liria-Hotel02910144 · Hospitality | <0.1% | 95,472€ | -15.1% | -24,975€ | -26.2% | 5 | 610€ |
| 132 | Tasty MMM03248445 · Hospitality | <0.1% | 91,760€ | +2.5% | 3,636€ | 4.0% | 3 | 437€ |
| 133 | Esko Tours02673096 · Transport & logistics | <0.1% | 91,643€ | +49.8% | 10,510€ | 11.5% | 4 | 530€ |
| 134 | Proizvodnja Muminović03675017 · Manufacturing | <0.1% | 90,981€ | +218.6% | -30,513€ | -33.5% | 5 | 553€ |
| 135 | Koja Kop03334198 · Construction | <0.1% | 89,300€ | -39.8% | -10,728€ | -12.0% | 2 | 399€ |
| 136 | Moto Leko03766799 · Trade | <0.1% | 87,453€ | No filing for 2024. | 5,386€ | 6.2% | 1 | 366€ |
| 137 | Ellena-N03022650 · Agriculture | <0.1% | 86,345€ | +29.8% | 3,172€ | 3.7% | 3 | 725€ |
| 138 | Iva - Travel03027465 · Administrative services | <0.1% | 85,786€ | -50.5% | -2,075€ | -2.4% | 1 | 845€ |
| 139 | Koti Group02929988 · Trade | <0.1% | 84,946€ | -58.6% | -57,473€ | -67.7% | 2 | 1,498€ |
| 140 | Saraj - Kom03183211 · Trade | <0.1% | 82,091€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,441€ | 9.1% | 2 | 339€ |
| 141 | B.U.L.S.02733706 · Trade | <0.1% | 80,448€ | -2.8% | -2,218€ | -2.8% | 1 | 339€ |
| 142 | Abdk Caffe Crna Gora03587924 · Trade | <0.1% | 79,635€ | +164.3% | 6,787€ | 8.5% | 1 | 993€ |
| 143 | Huracan03278999 · Manufacturing | <0.1% | 76,064€ | +331.3% | 3,336€ | 4.4% | 3 | 806€ |
| 144 | Juncaj Contractors03577007 · Construction | <0.1% | 72,206€ | +330.5% | 20,848€ | 28.9% | 3 | 697€ |
| 145 | Gipsani Radovi Abm03725278 · Construction | <0.1% | 71,946€ | No filing for 2024. | 2,283€ | 3.2% | 3 | 797€ |
| 146 | Pepicell02775794 · Trade | <0.1% | 70,542€ | +0.4% | 908€ | 1.3% | 3 | 678€ |
| 147 | Franko Kompany03314197 · Construction | <0.1% | 68,866€ | +602.5% | 31,192€ | 45.3% | 1 | 675€ |
| 148 | Dall03376672 · Trade | <0.1% | 68,855€ | +4.9% | -6,617€ | -9.6% | 2 | 745€ |
| 149 | Refinish02408112 · Trade | <0.1% | 68,737€ | -1.6% | -600€ | -0.9% | 4 | 678€ |
| 150 | Mateo-Teo03691772 · Hospitality | <0.1% | 67,780€ | +203.5% | 66€ | 0.1% | 3 | 541€ |