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 401–450 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* |
|---|
| 401 | Bfa03337197 · Tivat | <0.1% | 28,305€ | -12.2% | -2,595€ | -9.2% | 1 | 929€ |
| 402 | Sveti Stefan - Real Estate02365707 · Budva | <0.1% | 28,222€ | -28.7% | -6,302€ | -22.3% | 2 | 621€ |
| 403 | Interfast Mne03473503 · Herceg Novi | <0.1% | 28,141€ | -6.7% | -21,767€ | -77.3% | 1 | — |
| 404 | Maxima Co02978245 · Herceg Novi | <0.1% | 27,932€ | +3.6% | -12,051€ | -43.1% | 2 | 671€ |
| 405 | Sunny Peaks03250059 · Podgorica | <0.1% | 27,718€ | +80.8% | 4,190€ | 15.1% | 1 | — |
| 406 | Most Nekretnine02887568 · Podgorica | <0.1% | 27,680€ | +23.3% | 3,634€ | 13.1% | 2 | 598€ |
| 407 | App Booking03355667 · Podgorica | <0.1% | 27,381€ | +688.9% | 5,244€ | 19.2% | 1 | — |
| 408 | Vivastar Elit Estate03287408 · Tivat | <0.1% | 26,767€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,749€ | 6.5% | 1 | 683€ |
| 409 | Prestige Real Estate03632075 · Podgorica | <0.1% | 26,500€ | +165.0% | 9,032€ | 34.1% | 2 | 678€ |
| 410 | Lutovac - Info02842408 · Herceg Novi | <0.1% | 26,496€ | -7.5% | 102€ | 0.4% | 2 | 1,014€ |
| 411 | Smarthome Montenegro03317706 · Tivat | <0.1% | 26,362€ | +19.4% | -20,142€ | -76.4% | 1 | 678€ |
| 412 | Rivana - Com03675912 · Nikšić | <0.1% | 26,239€ | No filing for 2024. | -9,888€ | -37.7% | 3 | 423€ |
| 413 | Sea Hive03355055 · Tivat | <0.1% | 26,206€ | +577.5% | -59,339€ | -226.4% | 1 | 926€ |
| 414 | Shantay Real Estate03292568 · Tivat | <0.1% | 26,113€ | +55.2% | -5,011€ | -19.2% | 1 | 927€ |
| 415 | Emi Montenegro Development03104028 · Tivat | <0.1% | 26,051€ | -6.7% | 9,481€ | 36.4% | 1 | 715€ |
| 416 | Stefani Home03737268 · Tivat | <0.1% | 26,039€ | No filing for 2024. | 258€ | 1.0% | 2 | 1,015€ |
| 417 | Stax Residences03100189 · Tivat | <0.1% | 26,014€ | -8.7% | -8,433€ | -32.4% | 1 | 678€ |
| 418 | Egzit Plus03433358 · Tivat | <0.1% | 25,907€ | +55.2% | -16,975€ | -65.5% | 1 | 929€ |
| 419 | Montenegro Investments Management03538079 · Tivat | <0.1% | 25,512€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,038€ | 31.5% | 1 | 927€ |
| 420 | Kvart Real Estate03493377 · Podgorica | <0.1% | 25,497€ | +65.2% | 4,570€ | 17.9% | 1 | 1,323€ |
| 421 | Gold Lift Investment03410757 · Bar | <0.1% | 25,416€ | +14.0% | -3,163€ | -12.4% | 1 | 451€ |
| 422 | Real-Investment03366359 · Tivat | <0.1% | 25,323€ | +25.2% | -12,302€ | -48.6% | 1 | 678€ |
| 423 | Clock Tower Apartments03406334 · Podgorica | <0.1% | 25,131€ | +1.7% | -3,517€ | -14.0% | 2 | 1,174€ |
| 424 | Milivojević Travel & Stay03734366 · Bar | <0.1% | 25,063€ | No filing for 2024. | 378€ | 1.5% | 1 | 973€ |
| 425 | Chers03071715 · Podgorica | <0.1% | 25,000€ | -20.6% | -38,572€ | -154.3% | 1 | — |
| 426 | Realty Hub03491838 · Bar | <0.1% | 24,978€ | +254.9% | 14,192€ | 56.8% | 1 | 674€ |
| 427 | Pisco Exclusive03493890 · Podgorica | <0.1% | 24,872€ | +124.1% | 6,156€ | 24.8% | 0 | — |
| 428 | Bijeli Slon02719673 · Podgorica | <0.1% | 24,831€ | +255.5% | -20,617€ | -83.0% | 2 | 997€ |
| 429 | Mega Real Estate03642569 · Bar | <0.1% | 24,700€ | -30.0% | -712€ | -2.9% | 1 | 1,922€ |
| 430 | Trabakul03381706 · Podgorica | <0.1% | 24,321€ | -18.2% | -8,428€ | -34.7% | 1 | 675€ |
| 431 | Isb Investment and Engineering03455807 · Tivat | <0.1% | 24,135€ | -0.9% | 117€ | 0.5% | 1 | 676€ |
| 432 | PG Nekretnine03696235 · Podgorica | <0.1% | 24,108€ | +962.0% | 5,151€ | 21.4% | 1 | 1,433€ |
| 433 | Jara Consult03379779 · Tivat | <0.1% | 24,000€ | -84.6% | 7,660€ | 31.9% | 1 | 678€ |
| 434 | Team Invest Real Estate03472183 · Podgorica | <0.1% | 23,925€ | -33.6% | -24,723€ | -103.3% | 1 | 724€ |
| 435 | Dunav Invest03424731 · Herceg Novi | <0.1% | 23,775€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,073€ | -4.5% | 1 | 925€ |
| 436 | LB Agency Services03500250 · Tivat | <0.1% | 23,453€ | -94.0% | -75,687€ | -322.7% | 2 | 1,403€ |
| 437 | GPN Gradnja03327353 · Tivat | <0.1% | 23,359€ | -9.5% | 18,651€ | 79.8% | 1 | 384€ |
| 438 | Autoremont02013061 · Kotor | <0.1% | 23,348€ | -19.9% | -415€ | -1.8% | 1 | 452€ |
| 439 | Megapolis02680360 · Budva | <0.1% | 23,285€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,453€ | 57.8% | 1 | 670€ |
| 440 | Pisco Real Estate03288927 · Podgorica | <0.1% | 23,278€ | -18.1% | 4,953€ | 21.3% | 0 | — |
| 441 | First Real Estate Management 303327744 · Podgorica | <0.1% | 23,112€ | +21.9% | -978€ | -4.2% | 1 | 837€ |
| 442 | Vila Two03318028 · Podgorica | <0.1% | 22,942€ | +59.9% | -247,169€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 311€ |
| 443 | Dib Solutions03701263 · Podgorica | <0.1% | 22,902€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,715€ | 16.2% | 3 | — |
| 444 | Montenegro Intel City03494322 · Budva | <0.1% | 22,824€ | +239.5% | 7,513€ | 32.9% | 1 | 1,125€ |
| 445 | Grad Pod Goricom03628299 · Podgorica | <0.1% | 22,753€ | +135.1% | 913€ | 4.0% | 1 | 381€ |
| 446 | Mamadel03324923 · Tivat | <0.1% | 22,500€ | +50.0% | -829€ | -3.7% | 1 | 926€ |
| 447 | Luštica Apartment03155862 · Tivat | <0.1% | 22,489€ | -6.3% | -2,874€ | -12.8% | 1 | 929€ |
| 448 | Pop Mne03785378 · Zeta | <0.1% | 22,300€ | No filing for 2024. | 5,529€ | 24.8% | 1 | 867€ |
| 449 | Adria Developments02636301 · Herceg Novi | <0.1% | 22,299€ | -0.1% | -120,304€ | -539.5% | 1 | 1,722€ |
| 450 | Farmix03357252 · Tivat | <0.1% | 22,133€ | -11.0% | -31,356€ | -141.7% | 1 | 929€ |