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 501–550 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 meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -14,520€ |
| — |
| 1 |
| 677€ |
| 503 | Uniprom Progress03253023 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -155,225€ | — | 1 | — |
| 504 | 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€ |
| 505 | 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€ |
| 506 | Veronika Montenegro03210758 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -71,720€ | — | 1 | 386€ |
| 507 | Vivleva03443086 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,243€ | — | 1 | 926€ |
| 508 | 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€ |
| 509 | Xearth03811247 · Podgorica | 0.0% | 0€ | No filing for 2024. | -71,029€ | — | 1 | — |
| 510 | 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€ |
| 511 | 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€ |
| 512 | 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€ |
| 513 | Medals03072967 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,053€ | — | 1 | — |
| 514 | Zukorlić03436039 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,504€ | — | 1 | 678€ |
| 515 | DS - Part Montenegro02984440 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,989€ | — | 1 | 675€ |
| 516 | Sekulić PG03310426 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 517 | Yap Tourism and Consulting03471926 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,904€ | — | 1 | 675€ |
| 518 | Apus03432203 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,133€ | — | 1 | 339€ |
| 519 | Irene Immobiliare02690861 · Podgorica | 0.0% | 0€ | -100.0% | -133,164€ | — | 1 | — |
| 520 | Nest Group03791777 · Tivat | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 521 | Le Suivant International03470890 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,434€ | — | 1 | — |
| 522 | D&A Services03464547 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,334€ | — | 1 | 678€ |
| 523 | Experience Montenegro03723640 · Bar | 0.0% | 0€ | No filing for 2024. | -6,571€ | — | 1 | 542€ |
| 524 | Family Rental03362990 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 525 | Fortune Tim Mne03539733 · Tivat | 0.0% | 0€ | -100.0% | -8,160€ | — | 1 | 680€ |
| 526 | Frontline Solutions03210901 · Tivat | 0.0% | 0€ | -100.0% | -41,647€ | — | 1 | 677€ |
| 527 | Geliospro03522091 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,380€ | — | 1 | — |
| 528 | GMN Invest03624021 · Tivat | 0.0% | 0€ | -100.0% | -14,227€ | — | 1 | 929€ |
| 529 | Goliath M&I03446948 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,229€ | — | 1 | 678€ |
| 530 | Gourmet Gatherings03741036 · Bar | 0.0% | 0€ | No filing for 2024. | -6,571€ | — | 1 | 542€ |
| 531 | Grawe Nekretnine03554953 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -92,626€ | — | 1 | 740€ |
| 532 | Green Oasis03678229 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,731€ | — | 1 | 676€ |
| 533 | GRK Invest03796485 · Kotor | 0.0% | 0€ | No filing for 2024. | -2,035€ | — | 1 | — |
| 534 | Gto03467686 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,037€ | — | 1 | 926€ |
| 535 | Inggrup03485803 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,726€ | — | 1 | 684€ |
| 536 | Itt-Projekta02460262 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 537 | Jasmine03153185 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -43,529€ | — | 1 | 929€ |
| 538 | Jenik03694330 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,998€ | — | 1 | 926€ |
| 539 | Kerova Company03727602 · Podgorica | 0.0% | 0€ | No filing for 2024. | -12,034€ | — | 1 | 862€ |
| 540 | Kismet03159884 · Tivat | 0.0% | 0€ | -100.0% | -44,773€ | — | 2 | 608€ |
| 541 | Krugerrand03204081 · Podgorica | 0.0% | 0€ | -100.0% | -140,254€ | — | 1 | 851€ |
| 542 | Lady Lola03440150 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -72,722€ | — | 3 | 678€ |
| 543 | La Neve03710262 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,014€ | — | 1 | 1,827€ |
| 544 | Mali-Baris03383172 · Tivat | 0.0% | 0€ | -100.0% | -81,242€ | — | 1 | 680€ |
| 545 | Metatech03512053 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,154€ | — | 1 | 680€ |
| 546 | Milbar03328058 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -41,591€ | — | 1 | 452€ |
| 547 | Mind Unwind03441695 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,829€ | — | 3 | 902€ |
| 548 | Mne4life03524566 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -44,699€ | — | 6 | 619€ |
| 549 | Montenegro Silk Vats02948150 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,191€ | — | 1 | 678€ |
| 550 | Montterra03633942 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,533€ | — | 1 | 678€ |