Revenue
720.39m€5.0× since 2015
4.1% of Montenegro's revenue
Tivat
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
Municipality · 2025
Year
Overview
Companies
2,026+1,325 since 2015
124.0 per 1,000 residents · Montenegro 57.3
Employees
7,2362.6× since 2015
Largest employer: Adriatic Marinas (212)
Profit margin
4.0%2.1 pts below average
Total profit: 28.96m€
This municipality 4.0%Montenegro: 6.1%
Payroll cost/emp./mo*
1,505€21% above average
Average per employee, not per company
This municipality 1,505€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
Companies are assigned to the municipality of their current seat for every year
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (1,822)
- 601.07m€ → 715.74m€
- Employees, same companies
- 6,604 → 6,991
- Payroll cost per employee, same companies
- 1,476€ → 1,546€
- Filed for 2025, not for 2024
- 204 companies · 4.64m€
- Filed for 2024, not for 2025
- 144 companies, 7.17m€ in 2024
Sectors and who is growing
Revenue by sector
Share of municipal revenue
Share in Montenegro- Hospitality 178.38m€Montenegro: 7.2%24.8%
- Construction 172.89m€Montenegro: 11.9%24.0%
- Trade 108.97m€Montenegro: 43.8%15.1%
- Arts & entertainment 67.84m€Montenegro: 2.7%9.4%
- Administrative services 46.00m€Montenegro: 2.3%6.4%
- Professional services 27.43m€Montenegro: 4.3%3.8%
- Real estate 25.08m€Montenegro: 1.3%3.5%
- Other sectors (11) 93.80m€13.0%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Design Interni1.23m€ → 2.30m€+87.6%
- Marković Grand Company1.95m€ → 3.61m€+85.0%
- A+ Yachting1.60m€ → 2.91m€+81.9%
- Adriatic Catering5.50m€ → 9.04m€+64.4%
- M Trans Company1.21m€ → 1.94m€+60.0%
Largest employers
Employees and payroll cost per employee per month*
- 2123,301€
- 1951,832€
- 1861,968€
- 1781,283€
- 1231,794€
All companies (2,026)
Ranked by total revenue · Showing 151–200 of 300
- 151JRC Montenegro03430910 · Real estateRevenue share<0.1%
- Revenue
- 6,890€
- Revenue change 2024→2025
- -69.7%
- Profit
- -22,101€
- Margin
- -320.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 152Mray-Clavis03305660 · Real estateRevenue share<0.1%
- Revenue
- 6,800€
- Revenue change 2024→2025
- -48.2%
- Profit
- -22,758€
- Margin
- -334.7%
- Employees
- 2
- Payroll cost/emp./mo*
- 422€
- 153Ostava03736229 · Real estateRevenue share<0.1%
- Revenue
- 6,402€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -28,166€
- Margin
- -440.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,770€
- 154P2P03499448 · Real estateRevenue share<0.1%
- Revenue
- 6,225€
- Revenue change 2024→2025
- -11.1%
- Profit
- -4,908€
- Margin
- -78.8%
- Employees
- 2
- Payroll cost/emp./mo*
- 460€
- 155Prolab03289842 · Real estateRevenue share<0.1%
- Revenue
- 6,198€
- Revenue change 2024→2025
- -17.9%
- Profit
- -28,530€
- Margin
- -460.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 156S&D Group03371280 · Real estateRevenue share<0.1%
- Revenue
- 5,683€
- Revenue change 2024→2025
- -52.0%
- Profit
- -52,956€
- Margin
- -931.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 157Elite Organik03270017 · Real estateRevenue share<0.1%
- Revenue
- 4,778€
- Revenue change 2024→2025
- -19.2%
- Profit
- -9,661€
- Margin
- -202.2%
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 158GG03437531 · Real estateRevenue share<0.1%
- Revenue
- 4,773€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -23,378€
- Margin
- -489.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
- 159Kaminsky03439429 · Real estateRevenue share<0.1%
- Revenue
- 4,685€
- Revenue change 2024→2025
- +204.8%
- Profit
- -21,951€
- Margin
- -468.5%
- Employees
- 3
- Payroll cost/emp./mo*
- 678€
- 160Brimstone03269167 · Real estateRevenue share<0.1%
- Revenue
- 4,507€
- Revenue change 2024→2025
- +12.0%
- Profit
- -5,769€
- Margin
- -128.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 161Kas - Tim03501361 · Real estateRevenue share<0.1%
- Revenue
- 4,300€
- Revenue change 2024→2025
- -36.0%
- Profit
- -3,943€
- Margin
- -91.7%
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 162Arkevita03427188 · Real estateRevenue share<0.1%
- Revenue
- 4,080€
- Revenue change 2024→2025
- -52.5%
- Profit
- -11,143€
- Margin
- -273.1%
- Employees
- 1
- Payroll cost/emp./mo*
- 869€
- 163TBV Holdings03488527 · Real estateRevenue share<0.1%
- Revenue
- 4,035€
- Revenue change 2024→2025
- -49.0%
- Profit
- -253,999€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 679€
- 164NNC Proinvest03473333 · Real estateRevenue share<0.1%
- Revenue
- 3,626€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -1,064€
- Margin
- -29.3%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 165Commercial & General03242153 · Real estateRevenue share<0.1%
- Revenue
- 3,296€
- Revenue change 2024→2025
- -30.8%
- Profit
- -32,690€
- Margin
- -991.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 166Ferel03243311 · Real estateRevenue share<0.1%
- Revenue
- 3,248€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -13,797€
- Margin
- -424.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
- 167Da Silva Lining03283291 · Real estateRevenue share<0.1%
- Revenue
- 3,031€
- Revenue change 2024→2025
- -93.3%
- Profit
- -54,124€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 679€
- 168Seaside Living03731057 · Real estateRevenue share<0.1%
- Revenue
- 2,906€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 156€
- Margin
- 5.4%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 169Rin Adriatic02712466 · Real estateRevenue share<0.1%
- Revenue
- 2,500€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -9,166€
- Margin
- -366.6%
- Employees
- 1
- Payroll cost/emp./mo*
- 670€
- 170Amay Trade03262111 · Real estateRevenue share<0.1%
- Revenue
- 2,479€
- Revenue change 2024→2025
- +50.2%
- Profit
- -32,198€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 171VMF Build02932768 · Real estateRevenue share<0.1%
- Revenue
- 2,394€
- Revenue change 2024→2025
- -87.3%
- Profit
- -38,304€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
- 172Edelweiss Properties03276716 · Real estateRevenue share<0.1%
- Revenue
- 2,200€
- Revenue change 2024→2025
- -8.3%
- Profit
- -30,781€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 353€
- 173Sirmium At Sea03374408 · Real estateRevenue share<0.1%
- Revenue
- 2,000€
- Revenue change 2024→2025
- -70.2%
- Profit
- -60,598€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 2
- Payroll cost/emp./mo*
- 735€
- 174Master Finance03063089 · Real estateRevenue share<0.1%
- Revenue
- 1,895€
- Revenue change 2024→2025
- -99.2%
- Profit
- -37,586€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 2
- Payroll cost/emp./mo*
- 463€
- 175MGT Property Management03244687 · Real estateRevenue share<0.1%
- Revenue
- 1,774€
- Revenue change 2024→2025
- +77.4%
- Profit
- -2,094€
- Margin
- -118.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 310€
- 176Home Management Montenegro03785157 · Real estateRevenue share<0.1%
- Revenue
- 1,761€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 239€
- Margin
- 13.6%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 177Emir Montenegro03188027 · Real estateRevenue share<0.1%
- Revenue
- 1,653€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -10,792€
- Margin
- -652.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 820€
- 178Beduk03173712 · Real estateRevenue share<0.1%
- Revenue
- 1,600€
- Revenue change 2024→2025
- -76.8%
- Profit
- -22,574€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 927€
- 179Crna Gora Endeavours03278620 · Real estateRevenue share<0.1%
- Revenue
- 1,086€
- Revenue change 2024→2025
- -95.5%
- Profit
- -61,477€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 2,718€
- 180Common Sense Company03489060 · Real estateRevenue share<0.1%
- Revenue
- 1,050€
- Revenue change 2024→2025
- +35.1%
- Profit
- -27,539€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 2
- Payroll cost/emp./mo*
- 424€
- 181Kokosiki Tim03484645 · Real estateRevenue share<0.1%
- Revenue
- 935€
- Revenue change 2024→2025
- -35.1%
- Profit
- -7,225€
- Margin
- -772.7%
- Employees
- 1
- Payroll cost/emp./mo*
- 680€
- 182VMT Invest03439895 · Real estateRevenue share<0.1%
- Revenue
- 900€
- Revenue change 2024→2025
- -78.6%
- Profit
- -3,789€
- Margin
- -421.0%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 183MS Real Estate03618030 · Real estateRevenue share<0.1%
- Revenue
- 851€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -7,286€
- Margin
- -856.2%
- Employees
- 1
- Payroll cost/emp./mo*
- 676€
- 184Moa CG03543072 · Real estateRevenue share<0.1%
- Revenue
- 705€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -6,108€
- Margin
- -866.4%
- Employees
- 0
- Payroll cost/emp./mo*
- —
- 185Efes 2203458407 · Real estateRevenue share<0.1%
- Revenue
- 603€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -16,911€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 509€
- 1869113 LB03465381 · Real estateRevenue share<0.1%
- Revenue
- 506€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -16,985€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 187Orange Plus03606040 · Real estateRevenue share<0.1%
- Revenue
- 420€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -10,753€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 188Out of the Box02946661 · Real estateRevenue share<0.1%
- Revenue
- 300€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,300€
- Margin
- -766.7%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 189Eff Property03374840 · Real estateRevenue share<0.1%
- Revenue
- 120€
- Revenue change 2024→2025
- -99.8%
- Profit
- -315,166€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 190Virgin Planet03012484 · Real estateRevenue share<0.1%
- Revenue
- 100€
- Revenue change 2024→2025
- -58.8%
- Profit
- -104,818€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 191Promet Montenegro02893975 · Real estateRevenue share<0.1%
- Revenue
- 40€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -82,664€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 192Navi Real Estate03447936 · Real estateRevenue share<0.1%
- Revenue
- 32€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -7,628€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 339€
- 193Vrgroup03533115 · Real estateRevenue share<0.1%
- Revenue
- 29€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -12,368€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 194Meltem03384691 · Real estateRevenue share<0.1%
- Revenue
- 10€
- Revenue change 2024→2025
- -97.7%
- Profit
- -15,382€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 509€
- 195K3B Real Property Operations03598691 · Real estateRevenue share<0.1%
- Revenue
- 2€
- Revenue change 2024→2025
- 0.0%
- Profit
- -30,799€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 1
- Payroll cost/emp./mo*
- 674€
- 196Abc Investment03444252 · Real estateRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -17,151€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 680€
- 197Acasa03600530 · Real estateRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,035€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 198Adriale 20503106969 · Real estateRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -117,114€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 199Af03160211 · Real estateRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -25,271€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 200Agt Real Estate03152219 · Real estateRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -13,626€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 929€
* 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 →
Companies in Tivat ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR