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 101–150 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* |
|---|
| 101 | Vector Estate Montenegro03460991 · Real estate | <0.1% | 15,980€ | +610.2% | 369€ | 2.3% | 1 | 926€ |
| 102 | Montebay Real Estate03774627 · Real estate | <0.1% | 15,000€ | No filing for 2024. | 9,834€ | 65.6% | 1 | — |
| 103 | Viotec02628937 · Real estate | <0.1% | 15,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,308€ | 55.4% | 1 | — |
| 104 | Adriatica Club03479285 · Real estate | <0.1% | 14,350€ | +82.8% | 5,525€ | 38.5% | 1 | 678€ |
| 105 | Stern Company03448711 · Real estate | <0.1% | 14,145€ | +55.4% | -3,799€ | -26.9% | 2 | 670€ |
| 106 | MG Inovation03108384 · Real estate | <0.1% | 14,050€ | -86.7% | -52,786€ | -375.7% | 3 | 478€ |
| 107 | Aytem Turizm03518540 · Real estate | <0.1% | 13,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,277€ | 39.4% | 1 | 675€ |
| 108 | Tangoestate02773856 · Real estate | <0.1% | 13,377€ | -3.8% | 4,454€ | 33.3% | 2 | 303€ |
| 109 | Eagle Hill Management03543773 · Real estate | <0.1% | 13,200€ | +40.4% | 585€ | 4.4% | 1 | 926€ |
| 110 | Magistral Group03493954 · Real estate | <0.1% | 12,955€ | -30.3% | -4,085€ | -31.5% | 2 | 675€ |
| 111 | CSP One03532666 · Real estate | <0.1% | 12,809€ | +6.5% | -10,684€ | -83.4% | 2 | — |
| 112 | Hydrix03379787 · Real estate | <0.1% | 12,168€ | +193.2% | 163€ | 1.3% | 1 | 985€ |
| 113 | Jadranski Transfer03525473 · Real estate | <0.1% | 11,762€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,659€ | 31.1% | 1 | 675€ |
| 114 | Itsales03695751 · Real estate | <0.1% | 11,682€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,455€ | 29.6% | 1 | — |
| 115 | Seven Service03484858 · Real estate | <0.1% | 11,545€ | +1,045.3% | 2,541€ | 22.0% | 1 | 677€ |
| 116 | Larry Estate03186512 · Real estate | <0.1% | 11,325€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,621€ | 14.3% | 1 | 692€ |
| 117 | Ravlik & Co03290832 · Real estate | <0.1% | 11,288€ | +744.9% | -13,139€ | -116.4% | 1 | 926€ |
| 118 | Montecare03532771 · Real estate | <0.1% | 11,070€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,912€ | -107.6% | 2 | 953€ |
| 119 | Can Travel03132439 · Real estate | <0.1% | 10,298€ | +294.4% | -3,798€ | -36.9% | 2 | 497€ |
| 120 | Adriatic Thomas Investment03563090 · Real estate | <0.1% | 10,265€ | -23.4% | -2,189€ | -21.3% | 2 | 448€ |
| 121 | Mercury Group03089363 · Real estate | <0.1% | 10,000€ | -47.4% | 2,516€ | 25.2% | 1 | 422€ |
| 122 | Montmorency03252795 · Real estate | <0.1% | 9,917€ | -45.5% | -27,263€ | -274.9% | 1 | 1,086€ |
| 123 | I.B.Company03018890 · Real estate | <0.1% | 9,225€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,663€ | 50.5% | 1 | 338€ |
| 124 | Bel Summer Group03496368 · Real estate | <0.1% | 8,996€ | +323.9% | -3,200€ | -35.6% | 1 | 926€ |
| 125 | Avismonte03047369 · Real estate | <0.1% | 8,850€ | +195.0% | 4,474€ | 50.6% | 1 | 338€ |
| 126 | Belanna03425185 · Real estate | <0.1% | 8,596€ | +340.8% | -3,063€ | -35.6% | 1 | 951€ |
| 127 | Novitovo Mne03319687 · Real estate | <0.1% | 8,385€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,691€ | -449.5% | 5 | 743€ |
| 128 | Monte Nort Co03721124 · Real estate | <0.1% | 8,325€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,807€ | -57.7% | 1 | 929€ |
| 129 | Montesmart Realestate03705749 · Real estate | <0.1% | 8,134€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -910€ | -11.2% | 1 | — |
| 130 | FK Montenegro Real Estate03309304 · Real estate | <0.1% | 7,780€ | -29.3% | -3,089€ | -39.7% | 1 | 676€ |
| 131 | Galerija Jadrana02630362 · Real estate | <0.1% | 7,719€ | +15.7% | -7,665€ | -99.3% | 2 | 543€ |
| 132 | RSK02659107 · Real estate | <0.1% | 7,563€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,774€ | -76.3% | 2 | 419€ |
| 133 | Gorastroj02626390 · Real estate | <0.1% | 7,545€ | +14,409.6% | 618€ | 8.2% | 1 | — |
| 134 | Av Organization03408922 · Real estate | <0.1% | 7,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,797€ | -90.6% | 1 | 924€ |
| 135 | Drezden02694867 · Real estate | <0.1% | 7,356€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,455€ | -114.9% | 1 | 670€ |
| 136 | Agency Mnestate03103315 · Real estate | <0.1% | 6,925€ | -52.9% | -9,124€ | -131.8% | 2 | 508€ |
| 137 | Monte Produktiva03411842 · Real estate | <0.1% | 6,653€ | -83.4% | -16,764€ | -252.0% | 2 | 834€ |
| 138 | Aisa Investment Montenegro03214222 · Real estate | <0.1% | 6,525€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,902€ | -90.5% | 1 | 923€ |
| 139 | Efcom Group03703177 · Real estate | <0.1% | 6,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,164€ | -171.8% | 2 | 713€ |
| 140 | JNN Consulting03454061 · Real estate | <0.1% | 6,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,966€ | -30.2% | 1 | 697€ |
| 141 | Property & Travel02821931 · Real estate | <0.1% | 6,338€ | -48.7% | -19,845€ | -313.1% | 3 | 658€ |
| 142 | Adriatico Realty Collection03217710 · Real estate | <0.1% | 6,132€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -154,909€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 8 | 1,277€ |
| 143 | Aik02932938 · Real estate | <0.1% | 5,950€ | 0.0% | 2,498€ | 42.0% | 1 | — |
| 144 | Lisa- Mont03000508 · Real estate | <0.1% | 5,820€ | +200.0% | -8,000€ | -137.5% | 1 | 670€ |
| 145 | Yolo Property Investment03618102 · Real estate | <0.1% | 5,496€ | +57.0% | -4,365€ | -79.4% | 1 | 791€ |
| 146 | Agencija Maja Brooker03636771 · Real estate | <0.1% | 5,450€ | +36.3% | -11,681€ | -214.3% | 2 | 670€ |
| 147 | Olivija Monte Group03613941 · Real estate | <0.1% | 5,250€ | +4,587.5% | -4,479€ | -85.3% | 1 | 677€ |
| 148 | Lella03440290 · Real estate | <0.1% | 5,022€ | +177.3% | 0€ | 0.0% | 1 | — |
| 149 | Estate Service03177777 · Real estate | <0.1% | 4,200€ | -82.0% | -19,964€ | -475.3% | 4 | 422€ |
| 150 | Vgaa Trade02627582 · Real estate | <0.1% | 4,029€ | -25.7% | 1,781€ | 44.2% | 1 | — |