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 351–400 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% |
| 1,086€ |
| -95.5% |
| -61,477€ |
| Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. |
| 1 |
| 2,718€ |
| 353 | Common Sense Company03489060 · Tivat | <0.1% | 1,050€ | +35.1% | -27,539€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 424€ |
| 354 | Edulink03463931 · Budva | <0.1% | 1,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,237€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 355 | Kokosiki Tim03484645 · Tivat | <0.1% | 935€ | -35.1% | -7,225€ | -772.7% | 1 | 680€ |
| 356 | GKM Group03272656 · Herceg Novi | <0.1% | 800€ | -87.2% | -5,440€ | -680.0% | 1 | — |
| 357 | Gence Group03460851 · Budva | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,490€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 358 | Moa CG03543072 · Tivat | <0.1% | 705€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,108€ | -866.4% | 0 | — |
| 359 | Efes 2203458407 · Tivat | <0.1% | 603€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,911€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 509€ |
| 360 | Tricikl Mne03013740 · Herceg Novi | <0.1% | 520€ | -76.9% | -16,258€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 361 | 9113 LB03465381 · Tivat | <0.1% | 506€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,985€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 362 | Kasiopeja Monte03536955 · Kotor | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,697€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 674€ |
| 363 | Task Group03489205 · Budva | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,906€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 364 | Merava03657329 · Bar | <0.1% | 441€ | -93.5% | -18,599€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 702€ |
| 365 | Orange Plus03606040 · Tivat | <0.1% | 420€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,753€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 366 | Novi Redital03507386 · Herceg Novi | <0.1% | 325€ | -87.7% | -8,075€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |
| 367 | Out of the Box02946661 · Tivat | <0.1% | 300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,300€ | -766.7% | 1 | — |
| 368 | Carinvest Rent03348962 · Kotor | <0.1% | 204€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,311€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 369 | Sokotra03321967 · Podgorica | <0.1% | 153€ | -94.9% | -14,472€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 981€ |
| 370 | International Connecting Consultants03400603 · Herceg Novi | <0.1% | 149€ | -97.9% | -140,722€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 985€ |
| 371 | PM Residence03251292 · Podgorica | <0.1% | 132€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,600€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 372 | Eff Property03374840 · Tivat | <0.1% | 120€ | -99.8% | -315,166€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 373 | Psyhology03448894 · Budva | <0.1% | 117€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,311€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 374 | Tortuga-MX03447227 · Budva | <0.1% | 116€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,664€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 375 | Virgin Planet03012484 · Tivat | <0.1% | 100€ | -58.8% | -104,818€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 376 | Sidra03124428 · Podgorica | <0.1% | 80€ | 0.0% | -7,903€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 377 | Promet Montenegro02893975 · Tivat | <0.1% | 40€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -82,664€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 378 | Elis Capital03623068 · Bar | <0.1% | 16€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,057€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 379 | Brand Storm03533743 · Kotor | <0.1% | 15€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,214€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 923€ |
| 380 | Meltem03384691 · Tivat | <0.1% | 10€ | -97.7% | -15,382€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 509€ |
| 381 | WVP Nekretnine03777634 · Podgorica | <0.1% | 6€ | No filing for 2024. | -7,615€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 407€ |
| 382 | Qservice03522407 · Budva | <0.1% | 4€ | 0.0% | -21,507€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 384€ |
| 383 | K3B Real Property Operations03598691 · Tivat | <0.1% | 2€ | 0.0% | -30,799€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 674€ |
| 384 | 4 Am Group03774244 · Kotor | <0.1% | 1€ | No filing for 2024. | -15,005€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 405€ |
| 385 | Adriatic Home Management03608689 · Podgorica | <0.1% | 1€ | No filing for 2024. | -46,824€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 930€ |
| 386 | First Line Montenegro03290395 · Kotor | <0.1% | 1€ | 0.0% | -16,376€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 678€ |
| 387 | Virom Group03324915 · Podgorica | <0.1% | 1€ | -99.1% | -147,896€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 388 | Abc Investment03444252 · Tivat | 0.0% | 0€ | -100.0% | -17,151€ | — | 1 | 680€ |
| 389 | Acasa03600530 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 390 | Adriale 20503106969 · Tivat | 0.0% | 0€ | -100.0% | -117,114€ | — | 1 | 678€ |
| 391 | Af03160211 · Tivat | 0.0% | 0€ | -100.0% | -25,271€ | — | 1 | 678€ |
| 392 | Afun03585808 | 0.0% | 0€ | No filing for 2024. | -32,043€ | — | 0 | — |
| 393 | Agt Real Estate03152219 · Tivat | 0.0% | 0€ | -100.0% | -13,626€ | — | 1 | 929€ |
| 394 | Ajkon Invest03687406 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,125€ | — | 1 | — |
| 395 | Akoma03698815 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,162€ | — | 1 | 594€ |
| 396 | Alba Porto 50403454134 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,861€ | — | 1 | 675€ |
| 397 | Alchimia03681475 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,018€ | — | 1 | — |
| 398 | Aliya Liberty Resort03417662 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,396€ | — | 1 | 500€ |
| 399 | Arak Company03382397 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,374€ | — | 1 | 678€ |
| 400 | Argo Montenegro03403505 · Tivat | 0.0% | 0€ | -100.0% | -21,432€ | — | 1 | 929€ |