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 151–200 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* |
|---|
| 151 | Criteria03536645 · Real estate | <0.1% | 3,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,603€ | -120.5% | 1 | 675€ |
| 152 | Belmont02468964 · Real estate | <0.1% | 3,778€ | -61.2% | -22,656€ | -599.7% | 1 | 675€ |
| 153 | Batuhan Real Estate03573966 · Real estate | <0.1% | 3,515€ | +105.6% | -5,176€ | -147.3% | 1 | 677€ |
| 154 | Sema Real Estate03573940 · Real estate | <0.1% | 3,515€ | +105.6% | -5,116€ | -145.5% | 1 | 677€ |
| 155 | Vesta Estate03744612 · Real estate | <0.1% | 3,250€ | No filing for 2024. | -4,985€ | -153.4% | 1 | 516€ |
| 156 | Banket03151751 · Real estate | <0.1% | 3,000€ | +50.0% | -6,230€ | -207.7% | 1 | 677€ |
| 157 | Zhai Management03429059 · Real estate | <0.1% | 3,000€ | +50.0% | -18,066€ | -602.2% | 1 | 1,393€ |
| 158 | Crassula Development03495841 · Real estate | <0.1% | 2,750€ | -58.2% | -33,237€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 870€ |
| 159 | Thebestchoice03396410 · Real estate | <0.1% | 2,559€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,672€ | -378.0% | 1 | 922€ |
| 160 | Silvana Veritas03243265 · Real estate | <0.1% | 2,550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,747€ | -264.6% | 1 | 741€ |
| 161 | Golden Nekretnine Mne03354130 · Real estate | <0.1% | 2,516€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,952€ | -77.6% | 1 | 339€ |
| 162 | Ussury Star02960419 · Real estate | <0.1% | 2,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,352€ | -254.1% | 1 | 675€ |
| 163 | Lucky Home02952084 · Real estate | <0.1% | 2,479€ | -64.5% | -34,137€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | 629€ |
| 164 | Skyline Resort CG03733009 · Real estate | <0.1% | 2,360€ | No filing for 2024. | -5,156€ | -218.5% | 1 | 394€ |
| 165 | SMD Invest03734471 · Real estate | <0.1% | 2,347€ | No filing for 2024. | -2,679€ | -114.1% | 1 | — |
| 166 | Jin Turizam03627551 · Real estate | <0.1% | 1,900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,570€ | -451.1% | 1 | 841€ |
| 167 | Gomonte.Me03355144 · Real estate | <0.1% | 1,736€ | +247.2% | -26,083€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 507€ |
| 168 | Realthing Emg03788474 · Real estate | <0.1% | 1,727€ | No filing for 2024. | 974€ | 56.4% | 1 | — |
| 169 | Upravdom Montenegro03441474 · Real estate | <0.1% | 1,620€ | -28.0% | -23,823€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 990€ |
| 170 | Green Gold Estate02871149 · Real estate | <0.1% | 1,488€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,022€ | -942.3% | 1 | 678€ |
| 171 | Vin Zen Properties03702405 · Real estate | <0.1% | 1,256€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,077€ | -802.3% | 1 | 678€ |
| 172 | Adrialux02916886 · Real estate | <0.1% | 1,010€ | -86.9% | -5,834€ | -577.6% | 2 | — |
| 173 | Edulink03463931 · Real estate | <0.1% | 1,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,237€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 174 | Iss03355381 · Real estate | <0.1% | 959€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,735€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 925€ |
| 175 | Key Partners03704254 · Real estate | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,466€ | -996.0% | 1 | 676€ |
| 176 | Gence Group03460851 · Real estate | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,490€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 177 | Sirius Nekretnine03263860 · Real estate | <0.1% | 700€ | -96.3% | -16,112€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 453€ |
| 178 | Cloud Atlas03241734 · Real estate | <0.1% | 587€ | -97.1% | -18,554€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 678€ |
| 179 | Task Group03489205 · Real estate | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,906€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 180 | TDC Real Estate03244571 · Real estate | <0.1% | 305€ | -99.3% | -8,455€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 619€ |
| 181 | Semjuel Company02460106 · Real estate | <0.1% | 153€ | -99.9% | -62,881€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,238€ |
| 182 | Adriatic Reževići03485641 · Real estate | <0.1% | 144€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,785€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,067€ |
| 183 | Blackpeak03495370 · Real estate | <0.1% | 136€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,855€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 916€ |
| 184 | Psyhology03448894 · Real estate | <0.1% | 117€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,311€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 185 | Tortuga-MX03447227 · Real estate | <0.1% | 116€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,664€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 186 | Tridens03257304 · Real estate | <0.1% | 71€ | -98.9% | -10,793€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 187 | Stone Capital03395146 · Real estate | <0.1% | 20€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,100€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 342€ |
| 188 | Help - Montenegro02457121 · Real estate | <0.1% | 10€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,647€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 672€ |
| 189 | Baza Properties03634809 · Real estate | <0.1% | 4€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,575€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 590€ |
| 190 | Qservice03522407 · Real estate | <0.1% | 4€ | 0.0% | -21,507€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 384€ |
| 191 | Stablo02623340 · Real estate | <0.1% | 2€ | -100.0% | -15,976€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 192 | Addax02630753 · Real estate | <0.1% | 2€ | -100.0% | -40,931€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 709€ |
| 193 | V.A.S. Invest02447711 · Real estate | <0.1% | 2€ | -100.0% | -190,438€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 590€ |
| 194 | Blizi Invest Company02445280 · Real estate | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,990€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 621€ |
| 195 | Ava Development03242811 · Real estate | <0.1% | 1€ | 0.0% | -168,521€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,002€ |
| 196 | Horizon Hills03768406 · Real estate | <0.1% | 1€ | No filing for 2024. | -14,339€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 643€ |
| 197 | Adls Era03791009 · Real estate | 0.0% | 0€ | No filing for 2024. | -2,080€ | — | 1 | — |
| 198 | Ajkon Invest03687406 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,125€ | — | 1 | — |
| 199 | Aliya Liberty Resort03417662 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,396€ | — | 1 | 500€ |
| 200 | Anagastum02960931 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,847€ | — | 2 | 767€ |