Montenegro Airlines
In bankruptcy · Joint-stock companyDRUŠTVO ZA TRANSPORT PUTNIKA I ROBE U VAZDUŠNOM SAOBRAĆAJU "MONTENEGRO AIRLINES"A.D. PODGORICA (RJEŠENJEM ST.BR. 164/2021 OD 28.04.2021. GODINE OTVARA SE STEČAJNI POSTUPAK)
5110 · Passenger air transportPodgoricaFounded 2008
Previously on a tax debtor listMissing filingsIn bankruptcyAccount not blockedCourt data not available
Key figures
2019
Total revenue · 2015–2019
80.7m€2019. · +1.5% vs 2018
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 · 2019Similar-sized peers
- 1Montenegro Airlines80.7m€
- 2Aerodromi Crne Gore36.6m€
- 3Cijevna Komerc27.9m€
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 · Current
Registry status
U stečaju
Event · 30 Sept 2025
Listed as tax debtor
19.0m€ · Black list of 100 bankruptcies
Event · 31 Mar 2025
Listed as tax debtor
18.3m€ · Black list of 100 bankruptcies
Event · 31 Dec 2024
Listed as tax debtor
17.9m€ · Black list of 100 bankruptcies
Event · 30 Sept 2024
Listed as tax debtor
17.2m€ · Black list of 100 bankruptcies
Performance
Export CSVTotal revenue (2019)80.68m€1.5% vs PY
Profit (2019)-7.96m€
Employees (2019)373-3.9% vs PY
Avg payroll cost per employee/mo (2019)1,780€6.0% vs PY
Profit margin (2019)-9.9%Profit / total revenue
2019
- Total Income
- 80,675,874€
- Profit
- -7,962,948€
- Employees
- 373
- Avg payroll cost per employee/mo*
- 1,780€
- Est. net pay
- N/A
- Income/Employee
- 216,289€
2018
- Total Income
- 79,501,583€
- Profit
- 0€
- Employees
- 388
- Avg payroll cost per employee/mo*
- 1,680€
- Est. net pay
- N/A
- Income/Employee
- 204,901€
2017
- Total Income
- 67,472,928€
- Profit
- 0€
- Employees
- 394
- Avg payroll cost per employee/mo*
- 1,523€
- Est. net pay
- N/A
- Income/Employee
- 171,251€
* 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 →
Against the Transport & logistics sector · 2019
This companySector medianProfit margin
-9.9%median 2.4%
517% below the median
20152019
Payroll cost per employee/mo
1,780€median 392€
4.5× the median
20152019
Revenue per employee
216,289€median 29,612€
7.3× the median
20152019
Median of 1,045 companies in the sector that filed for 2019.
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: 2019 · Filing listing (IRMS): 19 May 2026
Risk signals
- Risk flag
- Yes
- In bankruptcy · Missing annual statements
- In bankruptcy
- Yes
- In bankruptcy since 28 Apr 2021 (court order recorded in the Tax Administration registry)
- Account blocked
- No
- Tax debtor list
- Historical
- Black list of 100 bankruptcies: 19,010,303€ (snapshot 30 Sept 2025, historical) · The latest published snapshot is older than 12 months — a historical record, not the current status.
- Missing annual statements
- Yes
- Missing statements for 2024, 2025 (IRMS listing of 19 May 2026)
- 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 02737175 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
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.
- ŽIVKO BANJEVIĆ
Mentioned in reports: 2015, 2017–2019 Reports: 4
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFŽIVKO BANJEVIĆResponsible person · filing year 2019 · Filed 8 Jun 2020
- Source PDFŽIVKO BANJEVIĆResponsible person · filing year 2018 · Filed 26 Jun 2019
- Source PDFŽIVKO BANJEVIĆResponsible person · filing year 2017 · Filed 16 Apr 2018
- Source PDFŽIVKO BANJEVIĆResponsible person · filing year 2015 · Filed 31 Mar 2016
- ZORAN KOSTIĆ
Mentioned in reports: 2016 Reports: 1
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFZORAN KOSTIĆResponsible person · filing year 2016 · Filed 13 Apr 2017
Real estate and projects by municipality
012–45–1920+registry records
All of Montenegro
2 municipalities
- Records
- 3
- Parcels
- 4
- Buildings
- 9
Pick a municipality on the map or in the list. Sources: Real Estate Administration (eKatastar); projects: gov.me, municipalities and the Environmental Protection Agency.
Owned properties
3 records4 parcels9 objects3 cadastral municipalities
BUDVA
MONTENEGRO AIRLINES AD PODGORICA
- LN number
- 1909
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 2
Rights: Svojina 1/1
Collected: 2026-06-07
PODGORICA I
MONTENEGRO AIRLINES AD
- LN number
- 4327
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 2
Rights: Svojina 1/1
Collected: 2026-06-07
PODGORICA II
MONTENEGRO AIRLINES AD
- LN number
- 4694
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 5
Rights: Svojina 1/1, 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