Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–100 of 386
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Valdan02436469 · Real estate | <0.1% | 64,893€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,515€ | -48.6% | 2 | 809€ |
| 52 | JLV Invest03698866 · Real estate | <0.1% | 64,276€ | +252.9% | 1,719€ | 2.7% | 1 | 2,630€ |
| 53 | Bolton Management Montenegro02678683 · Real estate | <0.1% | 62,727€ | +26.3% | -81,486€ | -129.9% | 4 | 718€ |
| 54 | 3 BRD Consulting03078540 · Real estate | <0.1% | 62,667€ | +366.2% | 10,225€ | 16.3% | 2 | 1,001€ |
| 55 | Global Mont Investment02674246 · Real estate | <0.1% | 60,509€ | +258.0% | 1,761€ | 2.9% | 1 | 354€ |
| 56 | DND Invest02655071 · Real estate | <0.1% | 59,350€ | -26.0% | -36,675€ | -61.8% | 5 | 701€ |
| 57 | Dolce Montenegro03213455 · Real estate | <0.1% | 53,960€ | +91.2% | 25,288€ | 46.9% | 1 | 615€ |
| 58 | Status Luxury03630463 · Real estate | <0.1% | 52,876€ | +666.3% | 23,084€ | 43.7% | 1 | 675€ |
| 59 | Montedreams Royal03424855 · Real estate | <0.1% | 51,939€ | +42.9% | -9,160€ | -17.6% | 5 | 774€ |
| 60 | Da Vinči02456940 · Real estate | <0.1% | 51,731€ | +243.1% | -15,281€ | -29.5% | 2 | 742€ |
| 61 | Larisa Co02689189 · Real estate | <0.1% | 50,818€ | +13.5% | 31,699€ | 62.4% | 1 | — |
| 62 | Mont-Real02444739 · Real estate | <0.1% | 50,075€ | -9.3% | 9,400€ | 18.8% | 2 | 1,167€ |
| 63 | Whiteline Group03453219 · Real estate | <0.1% | 49,769€ | -34.1% | -11,293€ | -22.7% | 1 | 995€ |
| 64 | Montesa Group02952874 · Real estate | <0.1% | 48,964€ | +74.0% | 4,003€ | 8.2% | 2 | 730€ |
| 65 | Tre Canne 14003331059 · Real estate | <0.1% | 48,043€ | +19.2% | 11,122€ | 23.2% | 1 | 338€ |
| 66 | Horizon Group03310736 · Real estate | <0.1% | 47,856€ | +3,914.8% | 38,523€ | 80.5% | 1 | 306€ |
| 67 | Lighthouse Plus03563448 · Real estate | <0.1% | 46,069€ | +56.8% | -10,152€ | -22.0% | 4 | 811€ |
| 68 | Leea03044459 · Real estate | <0.1% | 42,858€ | -11.6% | -151€ | -0.4% | 3 | 582€ |
| 69 | Duet K.O.03131106 · Real estate | <0.1% | 40,363€ | +10.0% | 10,100€ | 25.0% | 1 | 678€ |
| 70 | Montenor02446278 · Real estate | <0.1% | 40,000€ | +192.2% | 20,543€ | 51.4% | 1 | 677€ |
| 71 | Sel Company03037061 · Real estate | <0.1% | 39,241€ | -60.0% | -12,389€ | -31.6% | 5 | 516€ |
| 72 | Home For You03204197 · Real estate | <0.1% | 38,927€ | -53.9% | -45,881€ | -117.9% | 4 | 990€ |
| 73 | Rent Point03711048 · Real estate | <0.1% | 37,350€ | No filing for 2024. | 830€ | 2.2% | 2 | 467€ |
| 74 | Seven Real Estate03180166 · Real estate | <0.1% | 36,305€ | +27.1% | -16,819€ | -46.3% | 4 | 735€ |
| 75 | Vanmatterhorn03519619 · Real estate | <0.1% | 36,059€ | -52.6% | 6,279€ | 17.4% | 1 | 941€ |
| 76 | MP-Teh02958988 · Real estate | <0.1% | 36,000€ | +33.3% | 19,893€ | 55.3% | 1 | 667€ |
| 77 | Adria Stone02890429 · Real estate | <0.1% | 35,545€ | -25.7% | -35,283€ | -99.3% | 4 | 928€ |
| 78 | MNG Build03489973 · Real estate | <0.1% | 34,709€ | +71.7% | 10,386€ | 29.9% | 3 | 391€ |
| 79 | Bazis Montenegro02726181 · Real estate | <0.1% | 34,600€ | -16.1% | 3,578€ | 10.3% | 2 | 853€ |
| 80 | Amfora Real Estate03182398 · Real estate | <0.1% | 31,522€ | -37.2% | -56,022€ | -177.7% | 4 | 850€ |
| 81 | The House Management03496503 · Real estate | <0.1% | 30,110€ | +35.7% | -2,038€ | -6.8% | 1 | 519€ |
| 82 | Mediteran Properties Budva03618803 · Real estate | <0.1% | 29,870€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,871€ | -9.6% | 1 | 1,583€ |
| 83 | Montinvest Real Estate Company03591263 · Real estate | <0.1% | 29,688€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,682€ | 25.9% | 1 | 1,375€ |
| 84 | Invest Montenegro & Co03174085 · Real estate | <0.1% | 29,421€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 808€ | 2.7% | 2 | 1,102€ |
| 85 | Sveti Stefan - Real Estate02365707 · Real estate | <0.1% | 28,222€ | -28.7% | -6,302€ | -22.3% | 2 | 621€ |
| 86 | Megapolis02680360 · Real estate | <0.1% | 23,285€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,453€ | 57.8% | 1 | 670€ |
| 87 | Montenegro Intel City03494322 · Real estate | <0.1% | 22,824€ | +239.5% | 7,513€ | 32.9% | 1 | 1,125€ |
| 88 | TS Industry Group03384179 · Real estate | <0.1% | 21,900€ | +14.1% | -30,024€ | -137.1% | 1 | 832€ |
| 89 | Castello Petrovac02985381 · Real estate | <0.1% | 21,775€ | -7.9% | -28,690€ | -131.8% | 1 | 677€ |
| 90 | Maremont Real Estate & Construction03524388 · Real estate | <0.1% | 20,368€ | -12.5% | -55,298€ | -271.5% | 4 | 1,023€ |
| 91 | Mogren Estate03625737 · Real estate | <0.1% | 20,105€ | +19.6% | -7,173€ | -35.7% | 2 | 360€ |
| 92 | Durmitor Chalet03455220 · Real estate | <0.1% | 20,000€ | -83.4% | 11,228€ | 56.1% | 1 | — |
| 93 | A-Venue Agency03413861 · Real estate | <0.1% | 19,500€ | +20.2% | -3,800€ | -19.5% | 2 | 872€ |
| 94 | Omega Group03648079 · Real estate | <0.1% | 18,850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,590€ | -13.7% | 1 | 678€ |
| 95 | Gate Realty03588670 · Real estate | <0.1% | 17,854€ | +15.9% | -8,431€ | -47.2% | 3 | 687€ |
| 96 | A.P. Montegroup03149862 · Real estate | <0.1% | 17,780€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,023€ | -17.0% | 1 | 675€ |
| 97 | Stepmonte03666131 · Real estate | <0.1% | 17,575€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,151€ | 63.4% | 1 | 357€ |
| 98 | Juliya Life03333647 · Real estate | <0.1% | 17,274€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,985€ | -17.3% | 2 | 802€ |
| 99 | Victus03520471 · Real estate | <0.1% | 17,086€ | -13.7% | 3,687€ | 21.6% | 1 | 711€ |
| 100 | Fon Financial03315231 · Real estate | <0.1% | 16,960€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,414€ | -191.1% | 1 | 2,953€ |