date not publishedUTU issuedInvestorUTU
VHM Development DOO
06-333-4534-9
National sources · Matched: VHM Development DOO
VHM Development
Active · Limited liability companyDRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU "VHM DEVELOPMENT" PODGORICA
4120 · Construction of residential and non-residential buildingsPodgoricaFounded 2018
Account not blockedNot on tax debtor listsFilings completeNot in bankruptcy or liquidationCourt data not available
Key figures
2025
Total revenue · 2018–2025
3.2m€2025. · +10,275.5% vs 2024
Click or tap a year to see its figures; drag across the chart to preview. Source: Tax Administration (IRMS) income statements.
Market position
By revenue · 2025Similar-sized peers
- 1Did Invest3.7m€
- 2C Group3.4m€
- 3VB Inženjering3.2m€
- 4VHM Development3.2m€
- 5Nikić3.0m€
- 6Razvršje2.9m€
Companies in the same activity or sector with a third to three times this company's revenue. The button next to one adds it to the comparison.
What else we know
Recent activity
All changes for this company →Event · 8 Aug 2025
Largest public payment
20.7k€
Event · 2025
Peak revenue
3.2m€
Event · 1 Nov 2018
Registered
Društvo sa ograničenom odgovornošću
Event · 2018
First year in BizStats data
Performance
Export CSVTotal revenue (2025)3.18m€10,275.5% vs PY
Profit (2025)754,754€Swung to a profit (+1.33m€)
Employees (2025)70.0% vs PY
Avg payroll cost per employee/mo (2025)2,958€27.2% vs PY
Profit margin (2025)23.8%Profit / total revenue
2025
- Total Income
- 3,176,778€
- Profit
- 754,754€
- Employees
- 7
- Avg payroll cost per employee/mo*
- 2,958€
- Est. net pay
- 2,279€
- Income/Employee
- 453,825€
2024
- Total Income
- 30,618€
- Profit
- -572,990€
- Employees
- 7
- Avg payroll cost per employee/mo*
- 2,325€
- Est. net pay
- 1,734€
- Income/Employee
- 4,374€
2023
- Total Income
- 188,877€
- Profit
- -161,433€
- Employees
- 4
- Avg payroll cost per employee/mo*
- 2,143€
- Est. net pay
- 1,583€
- Income/Employee
- 47,219€
* 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 →
Estimated net pay applies the employee deductions in force in the filing year to the avg payroll cost per employee: pension 15% (2022–2023), 13.75% (2024: 15% until September, 10% from October) or 10% (from 2025), unemployment 0.5%, income tax of 9% on the part between 700€ and 1,000€ and 15% above it, and the local surtax of the company's municipality. The base also includes employer contributions and other personnel expenses, so the estimate is an upper bound. It is not shown for years before 2022, when different rules applied.
Against the Construction sector · 2025
This companySector medianProfit margin
23.8%median 2.4%
9.9× the median
20182025
Payroll cost per employee/mo
2,958€median 1,028€
2.9× the median
20182025
Revenue per employee
453,825€median 32,335€
14.0× the median
20182025
Median of 3,074 companies in the sector that filed for 2025.
Position relative to the peer group
Source and methodology: Public financial filings, CRPS, CBCG, and eKatastar where available. Revenue, profit, employees, and payroll costs come from public financial filings; average gross pay and revenue per employee are derived metrics. Rankings are calculated by total revenue for the latest visible year.
Latest filing year: 2025 · Filing listing (IRMS): 19 May 2026
Risk signals
No registry flags- Risk flag
- No
- Account blocked
- No
- Tax debtor list
- No
- Missing annual statements
- No
- Forced-liquidation risk
- No
Source data as of: CBCG 30 Sept 2026 · Tax Administration 31 Mar 2025 – 30 Sept 2025 · IRMS 19 May 2026
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Accounts and blocks
CBCGThis company's list of open accounts is not available on BizStats at the moment. Check it in the Central Bank's official CRTR registry.
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Check in CRTR registryOfficial CBCG account registry. Enter PIB 03225542 in the search.
Court activity
sudovi.mesudovi.me has not been searched for this company yet (no stored results). No data here does not mean the company has no court cases.
BizStats has court data for 556 companies.Check hearings on sudovi.me
Public money
State payments
34.3k€
5 payments · latest 26 Mar 2026
State contracts and payments 2025 / revenue 2025
0.9%
27,498€ in contracts signed and state payments received in 2025
Treasury payments by expense type
- Subvencije poslodavcima za zaposlj lica sa invalid5 payments34.3k€
The largest expense types by amount. Sick-leave, maternity-leave and pension-garnishment refunds are not payments for goods or services.
State payments
data.gov.me, gov.meTotal received
34,250.96€
Payments
5
Latest payment
2026-03-26
Subvencije poslodavcima za zaposlj lica sa invalid
41840010005 payments34,250.96€
Source: State Treasury executed-payment ledgers from data.gov.me and gov.me. Company matching is based on payee name.
All payments to this payeeLinked by:name without legal form
Ownership at a glance
CRPS · 15 Jun 2026- ALEKSA GREDIĆ50 %
- VEDRAN ROĆENOVIĆ50 %
VHM Development7 employees
Holdings
Emerald Garden Residence50 %Ownership structure
CRPSCompany
D.O.O. "VHM DEVELOPMENT" PODGORICA
03225542
Company owners
2
Companies owned
1
linked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
Company owners
2
- Relation
- Owner
- Share
- 50%
- Relation
- Owner
- Share
- 50%
Company owns
1
DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU "EMERALD GARDEN RESIDENCE" DOO PODGORICAlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 50%
Source: CRPS persons in company and company shares, fetched 2026-06-15. Direct registry relationships only.
Authorized persons
CRPSPeople and roles in the current CRPS register. Historical financial filings do not establish current authorization.
Loading CRPS register…
Responsible persons · filing history
IRMSPersons listed as “Odgovorno lice” in financial filings, by reporting year. These are historical filing records, not confirmation of current CRPS authorization. The preparer is not shown.
- VEDRAN ROĆENOVIĆ
Mentioned in reports: 2018–2025 Reports: 8
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFVEDRAN ROĆENOVIĆResponsible person · filing year 2025 · Filed 24 Apr 2026
- Source PDFVedran RoćenovićResponsible person · filing year 2024 · Filed 18 Apr 2025
- Source PDFVedran RoćenovićResponsible person · filing year 2023 · Filed 3 Apr 2024
- Source PDFVedran RoćenovićResponsible person · filing year 2022 · Filed 31 Mar 2023
- Source PDFVedran RoćenovićResponsible person · filing year 2021 · Filed 31 Mar 2022
- Source PDFVedran RoćenovićResponsible person · filing year 2020 · Filed 31 Mar 2021
- Source PDFVEDRAN ROĆENOVIĆResponsible person · filing year 2019 · Filed 2 Apr 2020
- Source PDFVEDRAN ROĆENOVIĆResponsible person · filing year 2018 · Filed 23 Mar 2019
Real estate and projects by municipality
012–45–1920+registry records
All of Montenegro
3 municipalities
- Records
- 5
- Parcels
- 12
- Buildings
- 160
1 development project
Pick a municipality on the map or in the list. Sources: Real Estate Administration (eKatastar); projects: gov.me, municipalities and the Environmental Protection Agency.
Development projects
ArchiveLinked activity
1 project
Status mix
0 approved · 0 in process · 0 rejected · 1 UTU issued
Company role
1 as investor
Places / years
Crna Gora · N/A
These are public development signals from UTU, environmental-review and chief-architect sources, not a complete building-permit record.
PDF
Linked by:name without legal form
Owned properties
5 records12 parcels160 objects3 cadastral municipalities
DOBROTA I
"VHM DEVELOPMENT" DOO NIKŠIĆ
- LN number
- 200
- Subfolio
- N/A
- Parcels
- 5
- Objects
- 5
Rights: Susvojina 1/10, Susvojina 1/10, Susvojina 1/10, Susvojina 1/10, Susvojina 1/10
Collected: 2026-06-07
PODGORICA II
VHM DEVELOPMENT DOO PODGORICA
- LN number
- 1116
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Susvojina 1/2
Collected: 2026-06-07
PODGORICA II
VHM DEVELOPMENT DOO PODGORICA
- LN number
- 2246
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 26
Rights: Svojina 1/1
Collected: 2026-06-07
ŽABLJAK I
VHM DEVELOPMENT DOO
- LN number
- 2610
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 129
Rights: Svojina 1/1, Svojina 1/1
Collected: 2026-06-07
ŽABLJAK I
VHM DEVELOPMENT DOO
- LN number
- 3030
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 0
Rights: Svojina 1/1
Collected: 2026-06-07
Source: eKatastar of Montenegro's Real Estate Administration.
How to check
The Real Estate Administration's eKatastar has no public links to individual title sheets. On ekatastar.me, choose the municipality and the cadastral municipality (KO), then enter the title sheet number (LN). The portal may ask you to sign in.
Linked by:PIB