TF Capital
Active · Joint-stock companyINVESTICIONO DRUŠTVO "TF CAPITAL" AD PODGORICA
6612 · Security and commodity contracts brokeragePodgoricaFounded 2022
Account not blockedNot on tax debtor listsFilings completeNot in bankruptcy or liquidationCourt data not available
Key figures
2025
Total revenue · 2022–2025
980,120€2025. · −95.4% 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
- 1Montenegro Transfers1.1m€
- 2Finveo1.1m€
- 3Sava Agent993.0k€
- 4Investiciono Društvo Limit Prime Securities984.8k€
- 5TF Capital980.1k€
- 6Foldana Financial853.6k€
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.
Recent activity
All changes for this company →Event · 2024
Peak revenue
21.4m€
Event · 2022
First year in BizStats data
Event · 22 Jun 2022
Registered
Akcionarsko društvo
Performance
Export CSVTotal revenue (2025)980,120€-95.4% vs PY
Profit (2025)233,855€Swung to a profit (+483,162€)
Employees (2025)40.0% vs PY
Avg payroll cost per employee/mo (2025)3,532€44.9% vs PY
Profit margin (2025)23.9%Profit / total revenue
2025
- Total Income
- 980,120€
- Profit
- 233,855€
- Employees
- 4
- Avg payroll cost per employee/mo*
- 3,532€
- Est. net pay
- 2,693€
- Income/Employee
- 245,030€
2024
- Total Income
- 21,437,237€
- Profit
- -249,307€
- Employees
- 4
- Avg payroll cost per employee/mo*
- 2,438€
- Est. net pay
- 1,811€
- Income/Employee
- 5,359,309€
2023
- Total Income
- 3,264,763€
- Profit
- 263,995€
- Employees
- 3
- Avg payroll cost per employee/mo*
- 2,219€
- Est. net pay
- 1,634€
- Income/Employee
- 1,088,254€
* 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 Finance & insurance sector · 2025
This companySector medianProfit margin
23.9%median 6.2%
3.8× the median
20222025
Payroll cost per employee/mo
3,532€median 2,019€
1.7× the median
20222025
Revenue per employee
245,030€median 53,571€
4.6× the median
20222025
Median of 85 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 03448398 in the search.
Registry notices (CRPS)
2 noticesOfficial notices from the Central Business Register's notice board: voluntary liquidation decisions, shareholder-meeting calls and capital changes. Titles are shown as the filer published them.
- Shareholder meeting
Odluka o sazivanju Skupštine akcionara Investicionog društva,„TF Capital" AD Podgorica bez pridržavanja Zakonskih rokova
- Shareholder meeting
Odluka o sazivanju Skupštine akcionara Investicionog društva,„TF Capital" AD Podgorica bez pridržavanja Zakonskih rokova
Source: CRPS notice board (Tax Administration). BizStats links a notice to the company by the PIB in its attached document, or by name and seat. Notice board checked: 4 Nov 2026
Linked by:exact name
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.
- ADMIR ADEMOVIĆ
Mentioned in reports: 2022–2025 Reports: 4
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFADMIR ADEMOVIĆResponsible person · filing year 2025 · Filed 21 Apr 2026
- Source PDFAdmir AdemovićResponsible person · filing year 2024 · Filed 27 Jun 2025
- Source PDFAdmir AdemovićResponsible person · filing year 2023 · Filed 29 Mar 2024
- Source PDFAdmir AdemovićResponsible person · filing year 2022 · Filed 29 Jun 2023