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 301–350 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% |
| 8,452€ |
| +8.4% |
| -2,562€ |
| -30.3% |
| 1 |
| 740€ |
| 303 | Yu Fizio Centar03212378 · Podgorica | <0.1% | 8,400€ | +7.7% | -1,702€ | -20.3% | 1 | — |
| 304 | Dokv - Mne03652092 · Kotor | <0.1% | 8,250€ | +117.1% | -2,561€ | -31.0% | 1 | 740€ |
| 305 | Gorastroj02626390 · Budva | <0.1% | 7,545€ | +14,409.6% | 618€ | 8.2% | 1 | — |
| 306 | Black Mountain Hospitality03766594 · Podgorica | <0.1% | 7,467€ | No filing for 2024. | 188€ | 2.5% | 1 | 591€ |
| 307 | JRC Montenegro03430910 · Tivat | <0.1% | 6,890€ | -69.7% | -22,101€ | -320.8% | 1 | 926€ |
| 308 | JNN Consulting03454061 · Budva | <0.1% | 6,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,966€ | -30.2% | 1 | 697€ |
| 309 | Ostava03736229 · Tivat | <0.1% | 6,402€ | No filing for 2024. | -28,166€ | -440.0% | 1 | 1,770€ |
| 310 | P2P03499448 · Tivat | <0.1% | 6,225€ | -11.1% | -4,908€ | -78.8% | 2 | 460€ |
| 311 | Sunscape Company03656047 · Herceg Novi | <0.1% | 5,986€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,375€ | -407.2% | 1 | 688€ |
| 312 | Aik02932938 · Budva | <0.1% | 5,950€ | 0.0% | 2,498€ | 42.0% | 1 | — |
| 313 | Velena03437990 · Kotor | <0.1% | 5,873€ | +106.7% | -11,722€ | -199.6% | 1 | 813€ |
| 314 | Partnership Development One Center03683508 · Podgorica | <0.1% | 5,691€ | No filing for 2024. | -14,156€ | -248.7% | 0 | — |
| 315 | S&D Group03371280 · Tivat | <0.1% | 5,683€ | -52.0% | -52,956€ | -931.8% | 1 | 678€ |
| 316 | G i V03397173 · Podgorica | <0.1% | 5,491€ | -48.5% | -5,783€ | -105.3% | 1 | 336€ |
| 317 | Shtern03447596 · Herceg Novi | <0.1% | 5,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,348€ | -292.3% | 3 | 567€ |
| 318 | Olivija Monte Group03613941 · Budva | <0.1% | 5,250€ | +4,587.5% | -4,479€ | -85.3% | 1 | 677€ |
| 319 | Stolivoil03435342 · Herceg Novi | <0.1% | 5,101€ | -48.5% | -7,016€ | -137.5% | 1 | 680€ |
| 320 | Global Connect03522148 · Podgorica | <0.1% | 5,040€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,547€ | -189.4% | 1 | 856€ |
| 321 | Elite Organik03270017 · Tivat | <0.1% | 4,778€ | -19.2% | -9,661€ | -202.2% | 1 | 678€ |
| 322 | GG03437531 · Tivat | <0.1% | 4,773€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,378€ | -489.8% | 1 | 929€ |
| 323 | TT Invest03663043 · Herceg Novi | <0.1% | 4,763€ | -63.0% | -6,713€ | -140.9% | 1 | 901€ |
| 324 | Kaminsky03439429 · Tivat | <0.1% | 4,685€ | +204.8% | -21,951€ | -468.5% | 3 | 678€ |
| 325 | 3a Estate03597792 · Herceg Novi | <0.1% | 4,609€ | -31.4% | -6,812€ | -147.8% | 1 | 852€ |
| 326 | Kas - Tim03501361 · Tivat | <0.1% | 4,300€ | -36.0% | -3,943€ | -91.7% | 1 | 677€ |
| 327 | Arkevita03427188 · Tivat | <0.1% | 4,080€ | -52.5% | -11,143€ | -273.1% | 1 | 869€ |
| 328 | TBV Holdings03488527 · Tivat | <0.1% | 4,035€ | -49.0% | -253,999€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 679€ |
| 329 | NNC Proinvest03473333 · Tivat | <0.1% | 3,626€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,064€ | -29.3% | 1 | — |
| 330 | Yellow Quince03592952 · Podgorica | <0.1% | 3,501€ | +116,600.0% | -37,343€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 669€ |
| 331 | Ifyouchange03414574 · Herceg Novi | <0.1% | 3,464€ | +346,300.0% | -35,875€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 332 | Commercial & General03242153 · Tivat | <0.1% | 3,296€ | -30.8% | -32,690€ | -991.8% | 1 | 678€ |
| 333 | Ferel03243311 · Tivat | <0.1% | 3,248€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,797€ | -424.8% | 1 | 929€ |
| 334 | Arming - Inženjering02992329 · Podgorica | <0.1% | 3,240€ | -64.9% | -21,107€ | -651.5% | 1 | 944€ |
| 335 | Banket03151751 · Budva | <0.1% | 3,000€ | +50.0% | -6,230€ | -207.7% | 1 | 677€ |
| 336 | Zhai Management03429059 · Budva | <0.1% | 3,000€ | +50.0% | -18,066€ | -602.2% | 1 | 1,393€ |
| 337 | Thebestchoice03396410 · Budva | <0.1% | 2,559€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,672€ | -378.0% | 1 | 922€ |
| 338 | Silvana Veritas03243265 · Budva | <0.1% | 2,550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,747€ | -264.6% | 1 | 741€ |
| 339 | Amay Trade03262111 · Tivat | <0.1% | 2,479€ | +50.2% | -32,198€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 340 | FL CG03650138 · Podgorica | <0.1% | 2,394€ | +74.9% | -23,337€ | -974.8% | 1 | 348€ |
| 341 | VMF Build02932768 · Tivat | <0.1% | 2,394€ | -87.3% | -38,304€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 342 | High Monte03516890 · Kolašin | <0.1% | 2,060€ | -64.5% | -1,899€ | -92.2% | 1 | — |
| 343 | Sirmium At Sea03374408 · Tivat | <0.1% | 2,000€ | -70.2% | -60,598€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 735€ |
| 344 | Coliving In Montenegro03533727 · Podgorica | <0.1% | 1,924€ | -26.6% | -12,595€ | -654.6% | 2 | 419€ |
| 345 | Glampotokday03576795 · Podgorica | <0.1% | 1,900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,465€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 681€ |
| 346 | Fish Ing03223981 · Herceg Novi | <0.1% | 1,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,372€ | -350.1% | 1 | 678€ |
| 347 | Emir Montenegro03188027 · Tivat | <0.1% | 1,653€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,792€ | -652.9% | 1 | 820€ |
| 348 | Upravdom Montenegro03441474 · Budva | <0.1% | 1,620€ | -28.0% | -23,823€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 990€ |
| 349 | Beduk03173712 · Tivat | <0.1% | 1,600€ | -76.8% | -22,574€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 350 | Bko Estates03639614 · Bar | <0.1% | 1,380€ | -78.7% | -9,897€ | -717.2% | 1 | 908€ |