Revenue
6.7% of sector revenue
282 companies earned 95.71m€ in 2025, 6.7% of Manufacturing sector revenue. Revenue has grown 2.7× since 2015.
6.7% of sector revenue
65 with at most one employee
Largest employer: Svaki Dan (115)
Median company 1.2% · 51% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 201–250 of 282
* 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 →
Totals include 39 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 35,855,486€ | 166 |
| 2016 | 38,982,028€ | 177 |
| 2017 | 40,666,755€ | 198 |
| 2018 | 42,615,417€ | 201 |
| 2019 | 41,462,722€ | 210 |
| 2020 | 37,669,760€ | 220 |
| 2021 | 45,608,006€ | 240 |
| 2022 | 67,405,767€ | 243 |
| 2023 | 78,276,140€ | 267 |
| 2024 | 86,549,581€ | 278 |
| 2025 (Preliminary) | 95,712,178€ | 282 |
Employees and payroll cost per employee per month*
<0.1% |
| 25,580€ |
| +175.9% |
| 1,589€ |
| 6.2% |
| 1 |
| 918€ |
| 203 | VDN Commerce02909910 · Andrijevica | <0.1% | 24,085€ | -10.5% | 2,815€ | 11.7% | 3 | 583€ |
| 204 | Violeta Company03358780 · Budva | <0.1% | 23,871€ | -44.4% | -29,568€ | -123.9% | 3 | 627€ |
| 205 | NS - Milosavljević02651823 · Budva | <0.1% | 22,959€ | +36.8% | 31€ | 0.1% | 1 | 750€ |
| 206 | Čokolatisima03322831 · Podgorica | <0.1% | 22,427€ | -53.9% | -1,278€ | -5.7% | 1 | 301€ |
| 207 | Viv Company03440044 · Podgorica | <0.1% | 22,042€ | +24.3% | 925€ | 4.2% | 1 | 421€ |
| 208 | Tit02813149 · Mojkovac | <0.1% | 21,553€ | -53.7% | -10,323€ | -47.9% | 2 | 431€ |
| 209 | Pekara Šar-BP03766276 · Podgorica | <0.1% | 21,454€ | No filing for 2024. | -12,234€ | -57.0% | 3 | 381€ |
| 210 | MI&BO Trade03400000 · Nikšić | <0.1% | 21,106€ | +18.4% | -2,006€ | -9.5% | 1 | 678€ |
| 211 | Sweet Melodies03648907 · Bar | <0.1% | 19,500€ | -21.2% | 1,783€ | 9.1% | 1 | — |
| 212 | Rod Artisan Bakery03779432 · Podgorica | <0.1% | 19,233€ | No filing for 2024. | -4,487€ | -23.3% | 2 | — |
| 213 | Buregdžinica Decević03391558 · Tuzi | <0.1% | 18,920€ | +16.4% | -4,694€ | -24.8% | 2 | 733€ |
| 214 | Burek-Sač03709884 · Pljevlja | <0.1% | 18,525€ | +1,130.1% | -4,516€ | -24.4% | 2 | 574€ |
| 215 | To Je TO. Com03565815 · Pljevlja | <0.1% | 18,104€ | -44.6% | -5,904€ | -32.6% | 2 | 508€ |
| 216 | Pekara Malsija02956195 · Tuzi | <0.1% | 17,980€ | -96.7% | 1,041€ | 5.8% | 1 | 1,393€ |
| 217 | Agora Construction03229238 · Podgorica | <0.1% | 17,037€ | -9.0% | -8,196€ | -48.1% | 2 | 677€ |
| 218 | Pekara Klodi03707610 · Bijelo Polje | <0.1% | 16,086€ | +1,624.1% | -6,371€ | -39.6% | 1 | 974€ |
| 219 | BAL&DAR03151280 · Nikšić | <0.1% | 15,921€ | -13.1% | -17,787€ | -111.7% | 2 | 711€ |
| 220 | Pekara Radulović03555038 · Nikšić | <0.1% | 15,758€ | -15.4% | -5,008€ | -31.8% | 2 | 805€ |
| 221 | Zvicer03144127 · Nikšić | <0.1% | 15,143€ | -20.0% | -30,593€ | -202.0% | 4 | 648€ |
| 222 | Prinčevi03107973 · Podgorica | <0.1% | 15,132€ | +7.8% | -95,650€ | -632.1% | 6 | 736€ |
| 223 | Kajin Slatki Kutak03299317 · Bijelo Polje | <0.1% | 14,969€ | +0.4% | 776€ | 5.2% | 1 | 1,057€ |
| 224 | Rosen Sweets03619311 · Tivat | <0.1% | 14,960€ | +15.6% | -1,761€ | -11.8% | 1 | 678€ |
| 225 | Alex PG03183734 · Podgorica | <0.1% | 14,201€ | +3.9% | -48€ | -0.3% | 1 | 1,178€ |
| 226 | Delicious E&A03705595 · Tuzi | <0.1% | 12,701€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,015€ | -8.0% | 1 | 927€ |
| 227 | Sweetcakes.Me03465527 · Herceg Novi | <0.1% | 12,035€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -924€ | -7.7% | 1 | 929€ |
| 228 | Jozef & Manuel Company03592332 · Tuzi | <0.1% | 11,921€ | No filing for 2024. | -14,090€ | -118.2% | 0 | — |
| 229 | Mima-Gluten Free03450023 · Bar | <0.1% | 10,787€ | -5.2% | -7,124€ | -66.0% | 2 | 408€ |
| 230 | Petrić Grupa03792862 · Podgorica | <0.1% | 9,596€ | No filing for 2024. | 26€ | 0.3% | 3 | — |
| 231 | Pekara Stanka02888998 · Bar | <0.1% | 9,401€ | -47.6% | -6,103€ | -64.9% | 4 | — |
| 232 | Mang Company MG03753247 · Podgorica | <0.1% | 8,889€ | No filing for 2024. | 106€ | 1.2% | 3 | — |
| 233 | Specijal Invest Company03544303 · Podgorica | <0.1% | 7,671€ | +4.5% | -2,827€ | -36.9% | 1 | 339€ |
| 234 | Gir Ugostiteljstvo i Turizam03707946 · Rožaje | <0.1% | 5,660€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 326€ | 5.8% | 1 | 401€ |
| 235 | Nica Ruštulica03619575 · Bar | <0.1% | 4,730€ | -41.8% | -722€ | -15.3% | 1 | — |
| 236 | Kiki Cake03780392 · Podgorica | <0.1% | 4,265€ | No filing for 2024. | -2,560€ | -60.0% | 1 | 472€ |
| 237 | Lejla Group03773671 · Bijelo Polje | <0.1% | 4,094€ | No filing for 2024. | -3,284€ | -80.2% | 1 | 560€ |
| 238 | Kamelija Karađuzović03344525 · Bar | <0.1% | 3,562€ | -77.4% | -15,898€ | -446.3% | 2 | 670€ |
| 239 | Buregdžinica-Most03789594 · Pljevlja | <0.1% | 2,961€ | No filing for 2024. | -713€ | -24.1% | 3 | — |
| 240 | Vuma03798461 · Nikšić | <0.1% | 2,791€ | No filing for 2024. | -2,727€ | -97.7% | 2 | — |
| 241 | Urmašica03756106 · Podgorica | <0.1% | 1,662€ | No filing for 2024. | -311€ | -18.7% | 2 | — |
| 242 | Cream & Co03804658 · Podgorica | <0.1% | 992€ | No filing for 2024. | 177€ | 17.8% | 1 | — |
| 243 | L&D Montenegro03621227 · Podgorica | <0.1% | 829€ | -41.6% | -1,602€ | -193.2% | 1 | — |
| 244 | Candy & Coco03193462 · Podgorica | <0.1% | 620€ | -56.3% | -8,033€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 245 | Ćef03585832 · Tuzi | <0.1% | 346€ | -92.7% | -5,726€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 246 | Brašno & Kakao03150011 · Herceg Novi | <0.1% | 150€ | -97.9% | -12,762€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 247 | Igorpek03400387 · Herceg Novi | <0.1% | 137€ | -94.1% | -7,411€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 621€ |
| 248 | Bepek02278847 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 63,074€ | — | 1 | 375€ |
| 249 | Agrovitaeco02047012 · Podgorica | 0.0% | 0€ | -100.0% | -19,759€ | — | 1 | 678€ |
| 250 | Cake Dora03602117 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,370€ | — | 1 | 678€ |