date not publishedUTU issuedInvestorUTU
LUŠTICA DEVELOPMENT AD TIVAT
04-332-26-10103
National sources · Matched: LUŠTICA DEVELOPMENT AD TIVAT
Luštica Development
Active · Joint-stock company"LUŠTICA DEVELOPMENT"AD TIVAT
5510 · Hotels and similar accommodationRadovićiFounded 2008
Account not blockedNot on tax debtor listsFilings completeNot in bankruptcy or liquidationCourt data not available
Key figures
2025
Total revenue · 2015–2025
90.3m€2025. · +13.0% 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
- 1Luštica Development90.3m€
- 2Portonovi Hospitality Management Company41.3m€
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 · 2025
Peak revenue
90.3m€
Event · 2015
First year in BizStats data
Event · 1 Aug 2008
Registered
Akcionarsko društvo
Performance
Export CSVTotal revenue (2025)90.34m€13.0% vs PY
Profit (2025)574,487€-93.7% vs PY
Employees (2025)116-1.7% vs PY
Avg payroll cost per employee/mo (2025)5,223€-12.2% vs PY
Profit margin (2025)0.6%Profit / total revenue
2025
- Total Income
- 90,337,909€
- Profit
- 574,487€
- Employees
- 116
- Avg payroll cost per employee/mo*
- 5,223€
- Est. net pay
- 3,928€
- Income/Employee
- 778,775€
2024
- Total Income
- 79,955,659€
- Profit
- 9,125,816€
- Employees
- 118
- Avg payroll cost per employee/mo*
- 5,949€
- Est. net pay
- 4,232€
- Income/Employee
- 677,590€
2023
- Total Income
- 54,675,604€
- Profit
- 3,740,113€
- Employees
- 93
- Avg payroll cost per employee/mo*
- 4,489€
- Est. net pay
- 3,171€
- Income/Employee
- 587,910€
* 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 Hospitality sector · 2025
This companySector medianProfit margin
0.6%median 0.9%
31% below the median
20152025
Payroll cost per employee/mo
5,223€median 892€
5.9× the median
20152025
Revenue per employee
778,775€median 28,615€
27.2× the median
20152025
Median of 2,874 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 02744597 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
Ownership at a glance
CRPS · 15 Jun 2026Owners
No imported CRPS ownership rows for this company.
Luštica Development116 employees
Ownership structure
CRPSCompany
"LUŠTICA DEVELOPMENT"AD TIVAT
02744597
Company owners
0
Companies owned
11
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
No imported CRPS ownership rows for this company.
Company owns
11
"LB DESIGN STUDIO" DOO TIVATlinked 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
- 100%
"LB GOLF DEVELOPMENT" DOO TIVATlinked 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
- 100%
"LB HOTEL DEVELOPMENT PARTNERS" AD TIVATlinked 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
- 100%
"LB HOTELS DEVELOPMENT" DOO TIVATlinked 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
- 100%
"LB LEISURE MANAGEMENT" DOO TIVATlinked 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
- 100%
"LB MARINA ONE OPERATIONS" DOO TIVATlinked 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
- 100%
"LB REAL ESTATE DEVELOPMENT" DOO TIVATlinked 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
- 100%
LB RE DEVELOPMENT PARTNERS AD TIVATlinked 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
- 100%
"LB TOWN MANAGEMENT" DOO TIVATlinked 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
- 100%
"LB WATER SUPPLY COMPANY" DOO TIVATlinked 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
- 100%
"LUŠTICA BAY ELECTRICITY COMPANY" DOO TIVATlinked 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
- 100%
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.
- RAPHAEL PETER KRUCKER
Mentioned in reports: 2025 Reports: 1
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFRAPHAEL PETER KRUCKERResponsible person · filing year 2025 · Filed 30 Apr 2026
- Mohamed AbouArab
Mentioned in reports: 2020–2024 Reports: 5
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFMohamed AbouArabResponsible person · filing year 2024 · Filed 1 Jul 2025
- Source PDFMohamed AbouArabResponsible person · filing year 2023 · Filed 30 May 2024
- Source PDFMohamed AbouArabResponsible person · filing year 2022 · Filed 29 May 2023
- Source PDFMohamed AbouArabResponsible person · filing year 2021 · Filed 20 May 2022
- Source PDFMohamed AbouArabResponsible person · filing year 2020 · Filed 7 May 2021
- DAREN ANTHONY GIBSON
Mentioned in reports: 2015–2019 Reports: 5
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFDAREN ANTHONY GIBSONResponsible person · filing year 2019 · Filed 12 Aug 2020
- Source PDFDAREN ANTHONY GIBSONResponsible person · filing year 2018 · Filed 20 Nov 2019
- Source PDFDAREN ANTHONY GIBSONResponsible person · filing year 2017 · Filed 1 Jul 2019
- Source PDFDAREN ANTHONY GIBSONResponsible person · filing year 2016 · Filed 31 Mar 2017
- Source PDFDAREN ANTHONY GIBSONResponsible person · filing year 2015 · Filed 31 Mar 2016
Real estate and projects by municipality
012–45–1920+registry records
All of Montenegro
1 municipality
- Records
- 5
- Parcels
- 90
- Buildings
- 900
12 development projects
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
47 projects
Status mix
0 approved · 0 in process · 0 rejected · 47 UTU issued
Company role
47 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
date not publishedUTU issuedInvestorUTU
LUŠTICA DEVELOPMENT AD TIVAT
04-332-26-10106
National sources · Matched: LUŠTICA DEVELOPMENT AD TIVAT
date not publishedUTU issuedInvestorUTU
LUŠTICA DEVELOPMENT AD TIVAT
04-332-26-10107
National sources · Matched: LUŠTICA DEVELOPMENT AD TIVAT
date not publishedUTU issuedInvestorUTU
LUŠTICA DEVELOPMENT AD TIVAT
04-332-26-10108
National sources · Matched: LUŠTICA DEVELOPMENT AD TIVAT
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6020
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6022
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6023
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6024
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6027
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6029
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6030
National sources · Matched: LUSTICA DEVELOPMENT AD
date not publishedUTU issuedInvestorUTU
LUSTICA DEVELOPMENT AD
06-333-24-6032
National sources · Matched: LUSTICA DEVELOPMENT AD
Showing the latest 12 linked projects.
Linked by:exact namename without legal form
Owned properties
5 records90 parcels900 objects2 cadastral municipalities
NIKOVIĆI
- LUŠTICA DEVELOPMENT AD TIVAT
- LN number
- 263
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 1
Rights: Svojina 1/1
Collected: 2026-06-07
NIKOVIĆI
- LUŠTICA DEVELOPMENT AD TIVAT
- LN number
- 351
- Subfolio
- N/A
- Parcels
- 2
- Objects
- 4
Rights: Svojina 1/1
Collected: 2026-06-07
RADOVIĆI
- LUŠTICA DEVELOPMENT AD TIVAT
- LN number
- 133
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 2
Rights: Svojina 1/1
Collected: 2026-06-07
RADOVIĆI
- LUŠTICA DEVELOPMENT AD TIVAT
- LN number
- 732
- Subfolio
- N/A
- Parcels
- 85
- Objects
- 892
Rights: Svojina 1/1, Svojina 1/1
Collected: 2026-06-07
RADOVIĆI
- LUŠTICA DEVELOPMENT AD TIVAT
- LN number
- 895
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 1
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