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 1301–1350 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* |
|---|
| 1301 | Trust Creation Stability03463389 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,222€ | — | 1 | 675€ |
| 1302 | Turmonte03387542 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,201€ | — | 1 | 929€ |
| 1303 | Turmush03473724 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,409€ | — | 2 | 663€ |
| 1304 | Udoban Dom03407969 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,826€ | — | 2 | 590€ |
| 1305 | Uhome Montenegro03690733 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,520€ | — | 1 | 677€ |
| 1306 | Umsu Investment03526852 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21€ | — | — | — |
| 1307 | Uniprom Progress03253023 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -155,225€ | — | 1 | — |
| 1308 | United Balkan Group02998971 · Kotor | 0.0% | 0€ | -100.0% | -13,072€ | — | 2 | 509€ |
| 1309 | Urbanico Real Estate03797511 · Podgorica | 0.0% | 0€ | No filing for 2024. | -185€ | — | 1 | — |
| 1310 | Urban Montenegro Project03585158 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1311 | Urivon03675971 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,017€ | — | 1 | — |
| 1312 | Vaderland Montenegro Real Estate & Renta Car02910306 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,580€ | — | 1 | 675€ |
| 1313 | Veronika Montenegro03210758 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -71,720€ | — | 1 | 386€ |
| 1314 | Vertigo Estates03738655 · Podgorica | 0.0% | 0€ | No filing for 2024. | -6,171€ | — | 1 | 511€ |
| 1315 | Victory Nekretnine03333892 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,063€ | — | 1 | — |
| 1316 | Viktoria-Prof03454878 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1317 | Violet Montenegro03738957 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,400€ | — | 0 | — |
| 1318 | Visdom Monte03645363 · Herceg Novi | 0.0% | 0€ | -100.0% | -11,454€ | — | 1 | 929€ |
| 1319 | Vivleva03443086 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,243€ | — | 1 | 926€ |
| 1320 | Volker Immo Mne03630692 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -90,070€ | — | 1 | 340€ |
| 1321 | VSM02462907 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -131,382€ | — | 1 | 740€ |
| 1322 | VVDJ Fenix03168484 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -56,277€ | — | 1 | 339€ |
| 1323 | Xearth03811247 · Podgorica | 0.0% | 0€ | No filing for 2024. | -71,029€ | — | 1 | — |
| 1324 | Yilmaz Realty03755614 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,453€ | — | 1 | — |
| 1325 | Area Investment02900483 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,061€ | — | 1 | 338€ |
| 1326 | Keltic Properties02632543 · Tivat | 0.0% | 0€ | -100.0% | -4,237€ | — | 1 | — |
| 1327 | Royal Rendell02900076 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,624€ | — | 1 | 677€ |
| 1328 | Trinita02686899 · Kotor | 0.0% | 0€ | -100.0% | -11,427€ | — | 1 | 412€ |
| 1329 | Hemast Immobilien03518426 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1330 | New Solutions03532003 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,414€ | — | 2 | 597€ |
| 1331 | SD Zeder03543668 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,839€ | — | 1 | 678€ |
| 1332 | Time of Che03607755 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,206€ | — | 1 | 678€ |
| 1333 | Euro Gulf Estates02643367 · Kotor | 0.0% | 0€ | -100.0% | -468,880€ | — | 1 | 678€ |
| 1334 | Nekretnine Home03268993 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,089€ | — | 1 | — |
| 1335 | North Story Co03592243 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,785€ | — | 1 | 956€ |
| 1336 | Villdor02679051 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,041€ | — | 1 | 337€ |
| 1337 | Avgust Nekretnine02938545 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 675€ |
| 1338 | Kostanjica Development02945100 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,050€ | — | 1 | 338€ |
| 1339 | Krtole 102960818 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,787€ | — | 1 | — |
| 1340 | Zabjelo02958104 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -66€ | — | — | — |
| 1341 | Universal Mne03472582 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1342 | Sheba Development Company02687224 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,993€ | — | 1 | 678€ |
| 1343 | Time Abroad Montenegro02663333 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,287€ | — | 1 | 689€ |
| 1344 | Medals03072967 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,053€ | — | 1 | — |
| 1345 | Absolute Estate Eu02991608 · Budva | 0.0% | 0€ | -100.0% | -5,723€ | — | 1 | 386€ |
| 1346 | M.V.E. Adriatika02456001 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,393€ | — | 0 | — |
| 1347 | Veronica02637880 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1348 | Neptun Invest02630982 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,436€ | — | 2 | 541€ |
| 1349 | Zigurat03410455 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,111€ | — | 1 | 864€ |
| 1350 | Zukorlić03436039 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,504€ | — | 1 | 678€ |