Revenue
137.89m€6.3× since 2015
60.0% of sector revenue
Poslovno Logistički Centar Morača1.78m€ → 1.83m€
+2.8%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 201–250 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*
<0.1% |
| 28,844€ |
| -26.8% |
| 9,173€ |
| 31.8% |
| 1 |
| 339€ |
| 203 | Trgoprodukt02048418 · Pljevlja | <0.1% | 28,711€ | -2.5% | -4,822€ | -16.8% | 2 | 795€ |
| 204 | Bfa03337197 · Tivat | <0.1% | 28,305€ | -12.2% | -2,595€ | -9.2% | 1 | 929€ |
| 205 | Interfast Mne03473503 · Herceg Novi | <0.1% | 28,141€ | -6.7% | -21,767€ | -77.3% | 1 | — |
| 206 | Maxima Co02978245 · Herceg Novi | <0.1% | 27,932€ | +3.6% | -12,051€ | -43.1% | 2 | 671€ |
| 207 | Sunny Peaks03250059 · Podgorica | <0.1% | 27,718€ | +80.8% | 4,190€ | 15.1% | 1 | — |
| 208 | App Booking03355667 · Podgorica | <0.1% | 27,381€ | +688.9% | 5,244€ | 19.2% | 1 | — |
| 209 | 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€ |
| 210 | Smarthome Montenegro03317706 · Tivat | <0.1% | 26,362€ | +19.4% | -20,142€ | -76.4% | 1 | 678€ |
| 211 | Sea Hive03355055 · Tivat | <0.1% | 26,206€ | +577.5% | -59,339€ | -226.4% | 1 | 926€ |
| 212 | Shantay Real Estate03292568 · Tivat | <0.1% | 26,113€ | +55.2% | -5,011€ | -19.2% | 1 | 927€ |
| 213 | Emi Montenegro Development03104028 · Tivat | <0.1% | 26,051€ | -6.7% | 9,481€ | 36.4% | 1 | 715€ |
| 214 | Stax Residences03100189 · Tivat | <0.1% | 26,014€ | -8.7% | -8,433€ | -32.4% | 1 | 678€ |
| 215 | Egzit Plus03433358 · Tivat | <0.1% | 25,907€ | +55.2% | -16,975€ | -65.5% | 1 | 929€ |
| 216 | 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€ |
| 217 | Real-Investment03366359 · Tivat | <0.1% | 25,323€ | +25.2% | -12,302€ | -48.6% | 1 | 678€ |
| 218 | Clock Tower Apartments03406334 · Podgorica | <0.1% | 25,131€ | +1.7% | -3,517€ | -14.0% | 2 | 1,174€ |
| 219 | Milivojević Travel & Stay03734366 · Bar | <0.1% | 25,063€ | No filing for 2024. | 378€ | 1.5% | 1 | 973€ |
| 220 | Chers03071715 · Podgorica | <0.1% | 25,000€ | -20.6% | -38,572€ | -154.3% | 1 | — |
| 221 | Trabakul03381706 · Podgorica | <0.1% | 24,321€ | -18.2% | -8,428€ | -34.7% | 1 | 675€ |
| 222 | Isb Investment and Engineering03455807 · Tivat | <0.1% | 24,135€ | -0.9% | 117€ | 0.5% | 1 | 676€ |
| 223 | Jara Consult03379779 · Tivat | <0.1% | 24,000€ | -84.6% | 7,660€ | 31.9% | 1 | 678€ |
| 224 | Team Invest Real Estate03472183 · Podgorica | <0.1% | 23,925€ | -33.6% | -24,723€ | -103.3% | 1 | 724€ |
| 225 | 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€ |
| 226 | Autoremont02013061 · Kotor | <0.1% | 23,348€ | -19.9% | -415€ | -1.8% | 1 | 452€ |
| 227 | Mamadel03324923 · Tivat | <0.1% | 22,500€ | +50.0% | -829€ | -3.7% | 1 | 926€ |
| 228 | Luštica Apartment03155862 · Tivat | <0.1% | 22,489€ | -6.3% | -2,874€ | -12.8% | 1 | 929€ |
| 229 | Farmix03357252 · Tivat | <0.1% | 22,133€ | -11.0% | -31,356€ | -141.7% | 1 | 929€ |
| 230 | Alta - Rent03345483 · Tivat | <0.1% | 22,010€ | +3.4% | -2,221€ | -10.1% | 1 | 677€ |
| 231 | Sonda03483509 · Tivat | <0.1% | 21,746€ | -12.0% | -12,458€ | -57.3% | 1 | 926€ |
| 232 | Montealto03388468 · Tivat | <0.1% | 21,740€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,649€ | 7.6% | 1 | 931€ |
| 233 | Bergauf03283461 · Tivat | <0.1% | 21,659€ | -8.2% | -2,641€ | -12.2% | 1 | 926€ |
| 234 | To To Porto02929902 · Tivat | <0.1% | 21,539€ | -36.6% | -11,525€ | -53.5% | 1 | — |
| 235 | Broekhuizen International03253996 · Tivat | <0.1% | 21,117€ | 0.0% | 644€ | 3.0% | 1 | 585€ |
| 236 | DK Properties03436152 · Podgorica | <0.1% | 20,747€ | -10.2% | -14,498€ | -69.9% | 1 | — |
| 237 | K.I.R03155340 · Tivat | <0.1% | 20,627€ | +31.0% | -16,727€ | -81.1% | 1 | 927€ |
| 238 | Fedeilia Me03459659 · Podgorica | <0.1% | 20,117€ | -26.1% | -172,909€ | -859.5% | 1 | — |
| 239 | Durmitor Chalet03455220 · Budva | <0.1% | 20,000€ | -83.4% | 11,228€ | 56.1% | 1 | — |
| 240 | Renting With Heart03677176 · Herceg Novi | <0.1% | 20,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,720€ | -28.6% | 1 | 2,031€ |
| 241 | Energo Invest Group02888823 · Podgorica | <0.1% | 20,000€ | -77.8% | 1,439€ | 7.2% | 1 | 678€ |
| 242 | Passion Management03381269 · Podgorica | <0.1% | 18,504€ | -70.2% | 553€ | 3.0% | 1 | 678€ |
| 243 | Cloud Rentals03356957 · Podgorica | <0.1% | 18,494€ | +10.1% | -764€ | -4.1% | 1 | — |
| 244 | Sunstar02825562 · Bar | <0.1% | 18,477€ | +40.2% | -13,884€ | -75.1% | 2 | 509€ |
| 245 | Concord Equity03522636 · Tivat | <0.1% | 18,241€ | +285.1% | -11,475€ | -62.9% | 1 | 1,375€ |
| 246 | Porto Rent03373487 · Tivat | <0.1% | 18,159€ | -4.7% | -14,025€ | -77.2% | 1 | 922€ |
| 247 | Ivon Blue03470075 · Herceg Novi | <0.1% | 17,711€ | -66.9% | -53,397€ | -301.5% | 1 | 377€ |
| 248 | Leah03400280 · Tivat | <0.1% | 17,613€ | +14.0% | -8,720€ | -49.5% | 1 | 678€ |
| 249 | MMP Real Estate03376826 · Herceg Novi | <0.1% | 17,524€ | -40.5% | -15,005€ | -85.6% | 1 | 677€ |
| 250 | Fon Financial03315231 · Budva | <0.1% | 16,960€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,414€ | -191.1% | 1 | 2,953€ |