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 301–350 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* |
|---|
| 301 | Tacbys Montenegro02659875 · Real estate | 0.0% | 0€ | -100.0% | -8,199€ | — | 1 | 670€ |
| 302 | Transparent Investments03214281 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,190€ | — | 1 | 928€ |
| 303 | Trust Creation Stability03463389 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,222€ | — | 1 | 675€ |
| 304 | Urban Montenegro Project03585158 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 305 | Vaderland Montenegro Real Estate & Renta Car02910306 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,580€ | — | 1 | 675€ |
| 306 | Volker Immo Mne03630692 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -90,070€ | — | 1 | 340€ |
| 307 | VSM02462907 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -131,382€ | — | 1 | 740€ |
| 308 | VVDJ Fenix03168484 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -56,277€ | — | 1 | 339€ |
| 309 | Avgust Nekretnine02938545 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 675€ |
| 310 | Universal Mne03472582 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 311 | Medals03072967 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,053€ | — | 1 | — |
| 312 | Absolute Estate Eu02991608 · Real estate | 0.0% | 0€ | -100.0% | -5,723€ | — | 1 | 386€ |
| 313 | M.V.E. Adriatika02456001 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,393€ | — | 0 | — |
| 314 | Veronica02637880 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 315 | DS - Part Montenegro02984440 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,989€ | — | 1 | 675€ |
| 316 | GK Invest02668971 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,072€ | — | 1 | — |
| 317 | Monte - Exclusive02624877 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,331€ | — | 1 | — |
| 318 | Uragan02846276 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,069€ | — | 1 | 339€ |
| 319 | Marina LTD02443791 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,089€ | — | 1 | 757€ |
| 320 | Alseir Properties02748550 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,059€ | — | 3 | 591€ |
| 321 | Fešn Haus 201002773821 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,204€ | — | 2 | 501€ |
| 322 | Apus03432203 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,133€ | — | 1 | 339€ |
| 323 | Arkon Estate Mont03185591 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -39,056€ | — | 3 | 621€ |
| 324 | Dream House Development Montenegro02763729 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 325 | Marishal03058433 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,223€ | — | 1 | 339€ |
| 326 | Traveler03184692 · Real estate | 0.0% | 0€ | -100.0% | -8,165€ | — | 1 | 675€ |
| 327 | L.P.P. Capital02445069 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,038€ | — | 1 | 721€ |
| 328 | Montesibinvest02631431 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,368€ | — | 1 | 674€ |
| 329 | Montenegro Vision02620901 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,350€ | — | 1 | 676€ |
| 330 | Galeo02447304 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 331 | Krutay.7ay03322459 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,430€ | — | 1 | 677€ |
| 332 | Recig03432530 · Real estate | 0.0% | 0€ | -100.0% | -8,511€ | — | 1 | 677€ |
| 333 | Equation System02467089 · Real estate | 0.0% | 0€ | -100.0% | -19,502€ | — | 1 | 928€ |
| 334 | Estia03503267 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,136€ | — | 1 | — |
| 335 | Eve Property03185184 · Real estate | 0.0% | 0€ | -100.0% | -17,629€ | — | 2 | 709€ |
| 336 | F.N.K. Company02630389 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 337 | FTD Monte03604276 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,310€ | — | 1 | 1,350€ |
| 338 | Future Mont02959208 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,984€ | — | 1 | 674€ |
| 339 | GNC Profit Group03392449 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,142€ | — | 1 | 676€ |
| 340 | Goldeneart Group03593525 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 341 | Goliath M&I03446948 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,229€ | — | 1 | 678€ |
| 342 | Gornja Dolina02652641 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 343 | Grapehill Village03123677 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,201€ | — | 1 | 922€ |
| 344 | Green Oasis03678229 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,731€ | — | 1 | 676€ |
| 345 | Greenrock03445844 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,125€ | — | 1 | 677€ |
| 346 | Gto03467686 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,037€ | — | 1 | 926€ |
| 347 | Hillside Residences02849992 · Real estate | 0.0% | 0€ | -100.0% | -8,145€ | — | 1 | 670€ |
| 348 | HP Sirius Group03592561 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 349 | Ikigai Global Real Estate03695093 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 350 | Imperija02388146 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,111€ | — | 2 | — |