Revenue
60.0% of sector revenue
579 companies earned 137.89m€ in 2025, 60.0% of Real estate sector revenue. Revenue has grown 6.3× since 2015.
60.0% of sector revenue
456 with at most one employee
Largest employer: Portonovi Resort Management Company (150)
Median company -28.7% · 24% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 451–500 of 579
* 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 →
Profit excludes 2 filings with an implausible profit.
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 21,787,739€ | 96 |
| 2016 | 21,855,192€ | 113 |
| 2017 | 31,747,558€ | 142 |
| 2018 | 27,965,481€ | 186 |
| 2019 | 29,904,652€ | 231 |
| 2020 | 36,880,060€ | 259 |
| 2021 | 48,737,793€ | 331 |
| 2022 | 134,598,434€ | 469 |
| 2023 | 120,053,953€ | 538 |
| 2024 | 136,621,734€ | 566 |
| 2025 (Preliminary) | 137,888,393€ | 579 |
The number of companies jumped most in 2022: from 331 to 469.
Employees and payroll cost per employee per month*
0.0% |
| 0€ |
| No filing for 2024. |
| -12,007€ |
| — |
| 1 |
| 674€ |
| 453 | Lazarenko Company03536718 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,220€ | — | 1 | 674€ |
| 454 | Lepakhina&Co03463699 · Budva | 0.0% | 0€ | -100.0% | -8,201€ | — | 1 | 675€ |
| 455 | Lio Anderson Estate03228142 · Tivat | 0.0% | 0€ | -100.0% | -21,473€ | — | 1 | 678€ |
| 456 | Logistički Park Morača03597652 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,276€ | — | 1 | — |
| 457 | Maksi-S03535649 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,154€ | — | 1 | 680€ |
| 458 | Mana Capital03421627 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,257€ | — | 1 | 678€ |
| 459 | Marina Rental03336913 · Tivat | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 460 | Max Group03498956 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 461 | Merkur Rentastan03289656 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,155€ | — | 1 | 510€ |
| 462 | Migo Mne03611345 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,503€ | — | 1 | 678€ |
| 463 | Miraval03548040 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,369€ | — | 1 | 339€ |
| 464 | MK Consult03801594 · Tivat | 0.0% | 0€ | No filing for 2024. | -254€ | — | 1 | — |
| 465 | Monir03227308 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 466 | Monte Lux Rental03810046 · Podgorica | 0.0% | 0€ | No filing for 2024. | 79€ | — | 1 | — |
| 467 | Montenegro Marsan Real Estate Investments03419835 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -78,444€ | — | 1 | — |
| 468 | Monte Rivijera03456625 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 469 | Netcom Solutions03457273 · Tivat | 0.0% | 0€ | -100.0% | -29,011€ | — | 1 | 972€ |
| 470 | New City Properties03223337 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 471 | Nirman03488608 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,939€ | — | 1 | 678€ |
| 472 | North Development03283992 · Podgorica | 0.0% | 0€ | -100.0% | -10,901€ | — | 1 | 426€ |
| 473 | O&M Rentals03479617 · Tivat | 0.0% | 0€ | -100.0% | -31,454€ | — | 1 | 678€ |
| 474 | Opus Porto03376656 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,344€ | — | 1 | 680€ |
| 475 | Otelinvest Alfa03281361 · Kotor | 0.0% | 0€ | -100.0% | -29,275€ | — | 1 | 678€ |
| 476 | Ovcharenko Company03673278 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,219€ | — | 1 | 927€ |
| 477 | Palazzo Mne03755894 · Podgorica | 0.0% | 0€ | No filing for 2024. | -12,450€ | — | 0 | — |
| 478 | Pandja03785025 | 0.0% | 0€ | No filing for 2024. | -1,350€ | — | 1 | — |
| 479 | Paradise Enterprises LLC03165540 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,475€ | — | 1 | 926€ |
| 480 | Pine Home03631796 · Kolašin | 0.0% | 0€ | -100.0% | -15,592€ | — | 1 | — |
| 481 | PM Apartments03322939 · Podgorica | 0.0% | 0€ | -100.0% | -1,072€ | — | 1 | — |
| 482 | Raigroup03053679 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,263€ | — | 1 | 675€ |
| 483 | San Facility03224155 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,411€ | — | 1 | 688€ |
| 484 | Sankt - Mont02414716 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 485 | Savinih03465985 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,143€ | — | 1 | 677€ |
| 486 | Scandi Projekt03538885 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,691€ | — | 1 | 630€ |
| 487 | SDMK Group03555402 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,120€ | — | 1 | 675€ |
| 488 | Sea Garden03804909 · Podgorica | 0.0% | 0€ | No filing for 2024. | -25,635€ | — | 1 | — |
| 489 | Seeline02932601 · Budva | 0.0% | 0€ | -100.0% | -20,864€ | — | 2 | 847€ |
| 490 | Smart&Rich03234851 · Žabljak | 0.0% | 0€ | -100.0% | -25,247€ | — | 1 | 1,543€ |
| 491 | SM Invest03458768 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 492 | Sofa Property Development, Investment and Management Co03589498 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,827€ | — | 1 | 753€ |
| 493 | Squarefield Center03787591 · Podgorica | 0.0% | 0€ | No filing for 2024. | -12,926€ | — | 1 | — |
| 494 | Stellato03455386 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,192€ | — | 1 | — |
| 495 | Stheno03627926 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,990€ | — | 1 | 670€ |
| 496 | Stonemill Oak & Co03759296 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,610€ | — | 1 | 330€ |
| 497 | Tacom02786141 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 679€ |
| 498 | Tan Montenegro03399273 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,758€ | — | 2 | 798€ |
| 499 | TGS Property Development03736571 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -6,690€ | — | 1 | 471€ |
| 500 | Turmonte03387542 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,201€ | — | 1 | 929€ |