Revenue
1.6% of Montenegro's revenue
260 companies earned 275.20m€ in 2025, 1.6% of all company revenue in Montenegro. It ranks 11 of 25 municipalities by revenue. Revenue has grown 2.8× since 2015.
1.6% of Montenegro's revenue
16.2 per 1,000 residents · Montenegro 57.3
Largest employer: Hifa Oil CG (105)
Total profit: 14.42m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 98,706,534€ | 76 |
| 2016 | 111,696,923€ | 82 |
| 2017 | 119,495,670€ | 87 |
| 2018 | 126,642,248€ | 98 |
| 2019 | 131,043,958€ | 109 |
| 2020 | 97,613,114€ | 119 |
| 2021 | 122,653,984€ | 134 |
| 2022 | 138,363,297€ | 149 |
| 2023 | 204,532,621€ | 190 |
| 2024 | 245,104,393€ | 229 |
| 2025 (Preliminary) | 275,203,025€ | 260 |
The number of companies jumped most in 2023: from 149 to 190.
† Zeta became a municipality in 2022; 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 1–35 of 35
* 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* |
|---|
| 1 | GP Mićoni02745615 · Construction | 3.3% | 9,109,183€ | +174.7% | 1,593,161€ | 17.5% | 3 | 5,132€ |
| 2 | Mićoni Metali03216187 · Construction | 0.7% | 1,925,962€ | -10.8% | 2,394€ | 0.1% | 37 | 1,484€ |
| 3 | Armont03610551 · Construction | 0.6% | 1,668,077€ | -9.9% | 31,926€ | 1.9% | 1 | 555€ |
| 4 | Spectrum Group03116662 · Construction | 0.5% | 1,283,165€ | -28.4% | 75,896€ | 5.9% | 7 | 1,010€ |
| 5 | DB Grupa03624242 · Construction | <0.1% | 223,249€ | +384.6% | 2,896€ | 1.3% | 3 | 566€ |
| 6 | Inel03353834 · Construction | <0.1% | 202,452€ | +122.8% | 63,329€ | 31.3% | 2 | 2,214€ |
| 7 | P&I Mont03374149 · Construction | <0.1% | 184,527€ | -18.7% | -91,260€ | -49.5% | 2 | 924€ |
| 8 | Vulević03100367 · Construction | <0.1% | 162,882€ | +49.1% | 69,096€ | 42.4% | 2 | 678€ |
| 9 | Manval03589722 · Construction | <0.1% | 159,664€ | +197.4% | -10,088€ | -6.3% | 1 | 3,648€ |
| 10 | Procraft Mne03765849 · Construction | <0.1% | 136,590€ | No filing for 2024. | -3,513€ | -2.6% | 1 | 899€ |
| 11 | Aja Vila03671151 · Construction | <0.1% | 130,097€ | +1,474.1% | 7,910€ | 6.1% | 2 | 750€ |
| 12 | Lux Residence03334848 · Construction | <0.1% | 114,794€ | +32.1% | -80,691€ | -70.3% | 1 | 1,179€ |
| 13 | Professional Team Mne03637387 · Construction | <0.1% | 90,621€ | +138.6% | -24,032€ | -26.5% | 3 | 1,058€ |
| 14 | Elien03640418 · Construction | <0.1% | 72,251€ | +88.4% | 777€ | 1.1% | 5 | 877€ |
| 15 | Shutex Elektro03324770 · Construction | <0.1% | 71,241€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,832€ | -8.2% | 2 | 921€ |
| 16 | W Alu Mont03677818 · Construction | <0.1% | 67,248€ | +28.9% | 205€ | 0.3% | 3 | 904€ |
| 17 | Aluklik03278263 · Construction | <0.1% | 66,667€ | +95.7% | -7,323€ | -11.0% | 2 | 681€ |
| 18 | MB Pro Company03724395 · Construction | <0.1% | 54,100€ | No filing for 2024. | 2,755€ | 5.1% | 1 | 986€ |
| 19 | Cool Clinic03650189 · Construction | <0.1% | 51,431€ | +5.8% | 1,667€ | 3.2% | 1 | 1,242€ |
| 20 | BK6703571769 · Construction | <0.1% | 43,975€ | -13.1% | -19,888€ | -45.2% | 1 | 675€ |
| 21 | Tinjalica03750167 · Construction | <0.1% | 35,820€ | No filing for 2024. | 6,289€ | 17.6% | 1 | — |
| 22 | Mihema Kop03737691 · Construction | <0.1% | 24,830€ | No filing for 2024. | 4,682€ | 18.9% | 1 | 565€ |
| 23 | Si Monter03491897 · Construction | <0.1% | 22,594€ | +7.2% | 910€ | 4.0% | 1 | 619€ |
| 24 | Regal Furniture03741559 · Construction | <0.1% | 21,130€ | No filing for 2024. | -784€ | -3.7% | 0 | — |
| 25 | Varmont Company03365875 · Construction | <0.1% | 18,509€ | -31.6% | -22,522€ | -121.7% | 2 | 360€ |
| 26 | Greda Kop03748910 · Construction | <0.1% | 17,450€ | No filing for 2024. | 840€ | 4.8% | 1 | 1,050€ |
| 27 | Profi Tiles03737225 · Construction | <0.1% | 15,240€ | No filing for 2024. | 181€ | 1.2% | 2 | 570€ |
| 28 | Solution03619460 · Construction | <0.1% | 5,970€ | -73.7% | 2,028€ | 34.0% | 1 | — |
| 29 | MS Lim03747506 · Construction | <0.1% | 5,706€ | No filing for 2024. | -2,456€ | -43.0% | 0 | — |
| 30 | Des Design03623165 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 31 | Arx03237966 · Construction | 0.0% | 0€ | -100.0% | -11,007€ | — | 1 | 743€ |
| 32 | Water03411265 · Construction | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 33 | Lale03786790 · Construction | 0.0% | 0€ | No filing for 2024. | -9,222€ | — | 1 | 791€ |
| 34 | Marel Engineering03604560 · Construction | 0.0% | 0€ | -100.0% | -5,744€ | — | 1 | 470€ |
| 35 | West Gradnja03747620 · Construction | 0.0% | 0€ | No filing for 2024. | -9,873€ | — | 1 | 665€ |