Revenue
1.3% of Montenegro's revenue
1,642 companies earned 229.77m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 18 sectors by revenue. Revenue has grown 4.8× since 2015.
1.3% of Montenegro's revenue
1,221 with at most one employee
Largest employer: Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore (240)
Total profit: 9.88m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 47,981,640€ | 589 |
| 2016 | 56,737,606€ | 589 |
| 2017 | 69,589,820€ | 642 |
| 2018 | 60,030,655€ | 759 |
| 2019 | 62,816,032€ | 885 |
| 2020 | 62,442,623€ | 943 |
| 2021 | 96,671,654€ | 1,060 |
| 2022 | 184,811,376€ | 1,327 |
| 2023 | 193,544,494€ | 1,508 |
| 2024 | 193,806,032€ | 1,631 |
| 2025 (Preliminary) | 229,773,419€ | 1,642 |
The number of companies jumped most in 2022: from 1,060 to 1,327.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1001–1050 of 1,642
* 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 →
Totals include 3 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1001 | Black Mountain Resorts02624745 · Podgorica | 0.0% | 0€ | -100.0% | -11,046€ | — | 1 | 339€ |
| 1002 | Bluemder Group03535452 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,944€ | — | 1 | 565€ |
| 1003 | Blue Plant03622525 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,150€ | — | 1 | 929€ |
| 1004 | BM Capital Solutions LTD03371751 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,780€ | — | 1 | 926€ |
| 1005 | Boticelli Land Development02913534 · Budva | 0.0% | 0€ | -100.0% | -11,792€ | — | 1 | 556€ |
| 1006 | Boulevard Investment03376052 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1007 | Braća Velić KM02880946 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,033€ | — | 1 | — |
| 1008 | BSV03053024 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,124€ | — | 1 | — |
| 1009 | Budva Capital Investment02656418 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 1010 | B&V Company03523519 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -137,821€ | — | 3 | 1,266€ |
| 1011 | Castro Holding03508684 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,193€ | — | 1 | 678€ |
| 1012 | Celalli Real Estate03245195 · Budva | 0.0% | 0€ | -100.0% | -17,216€ | — | 1 | 922€ |
| 1013 | City Bar03809439 · Bar | 0.0% | 0€ | No filing for 2024. | -123€ | — | 1 | — |
| 1014 | CLM Service Group03219593 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1015 | CN Corporation03514714 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1016 | Code Essentials03012034 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,225€ | — | 1 | 684€ |
| 1017 | Crunchlab03342590 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,001€ | — | 1 | 678€ |
| 1018 | Cyrus - Plus02755050 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 1019 | Darkstone Worldwide03775992 · Budva | 0.0% | 0€ | No filing for 2024. | -2,929€ | — | 1 | — |
| 1020 | Das Real Estate03244628 · Budva | 0.0% | 0€ | -100.0% | -8,286€ | — | 1 | 619€ |
| 1021 | Deal Investment Management03239012 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,858€ | — | 1 | 678€ |
| 1022 | Define Homes03385400 · Tivat | 0.0% | 0€ | -100.0% | -9,165€ | — | 1 | 678€ |
| 1023 | Desanova03546772 · Podgorica | 0.0% | 0€ | -100.0% | -5,774€ | — | 1 | — |
| 1024 | DFB Realestate03710530 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,784€ | — | 1 | 677€ |
| 1025 | DM Nekretnine02936704 · Bijelo Polje | 0.0% | 0€ | -100.0% | -14,265€ | — | 2 | 592€ |
| 1026 | Dobrica02218950 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,030€ | — | 1 | — |
| 1027 | Dolium02940965 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,114€ | — | 1 | 675€ |
| 1028 | Dom As03414043 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,066€ | — | 1 | 675€ |
| 1029 | 24home Real Estate03783316 · Bar | 0.0% | 0€ | No filing for 2024. | -840€ | — | 1 | — |
| 1030 | Abmare03774236 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,052€ | — | 1 | — |
| 1031 | Adria 123 Montenegro03405192 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1032 | Adriatic Development Group03739147 · Budva | 0.0% | 0€ | No filing for 2024. | -6,529€ | — | 0 | — |
| 1033 | Adriatic Property Investment Company03494683 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,055€ | — | 1 | 916€ |
| 1034 | Aero Tour MNG03373304 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -43,348€ | — | 2 | 677€ |
| 1035 | Immobello03628973 · Cetinje | 0.0% | 0€ | -100.0% | -18,008€ | — | 2 | 469€ |
| 1036 | Alexbulia03551296 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 675€ |
| 1037 | Al Fayed Real Estate Investment03693597 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,648€ | — | 1 | 508€ |
| 1038 | Alphix Investments02627973 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 1039 | Altug Cetinkaya Global03435385 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,849€ | — | 1 | 978€ |
| 1040 | AM.DK Montenegro03043436 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,545€ | — | 1 | — |
| 1041 | Analogia03459560 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,762€ | — | 1 | 922€ |
| 1042 | Andaluni03800784 · Budva | 0.0% | 0€ | No filing for 2024. | -191€ | — | 0 | — |
| 1043 | Andriienko Company03330508 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,521€ | — | 1 | 670€ |
| 1044 | Ansu03712214 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,545€ | — | 1 | 648€ |
| 1045 | Antarex CG03201139 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1046 | Antonsson Properties03428087 · Bar | 0.0% | 0€ | -100.0% | -73,389€ | — | 1 | 929€ |
| 1047 | Apex Property Management03800202 · Kotor | 0.0% | 0€ | No filing for 2024. | -1,220€ | — | 1 | — |
| 1048 | Apim Real Estate03343499 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,756€ | — | 1 | 338€ |
| 1049 | Arcis03467864 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,838€ | — | 1 | 678€ |
| 1050 | Artisan Developments03379418 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,968€ | — | 1 | 925€ |