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 401–450 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€ |
| -100.0% |
| -20,900€ |
| — |
| 1 |
| — |
| 403 | Azimut International03413276 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,807€ | — | 1 | 927€ |
| 404 | Azor03577368 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,577€ | — | 1 | 675€ |
| 405 | Bambini Aseets03760316 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,457€ | — | 1 | — |
| 406 | Biolitec Real03380084 · Tivat | 0.0% | 0€ | -100.0% | -52,351€ | — | 1 | — |
| 407 | Braća Velić KM02880946 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,033€ | — | 1 | — |
| 408 | B&V Company03523519 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -137,821€ | — | 3 | 1,266€ |
| 409 | Define Homes03385400 · Tivat | 0.0% | 0€ | -100.0% | -9,165€ | — | 1 | 678€ |
| 410 | Desanova03546772 · Podgorica | 0.0% | 0€ | -100.0% | -5,774€ | — | 1 | — |
| 411 | Dolium02940965 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,114€ | — | 1 | 675€ |
| 412 | Dom As03414043 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,066€ | — | 1 | 675€ |
| 413 | Aero Tour MNG03373304 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -43,348€ | — | 2 | 677€ |
| 414 | Alexbulia03551296 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 675€ |
| 415 | Analogia03459560 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,762€ | — | 1 | 922€ |
| 416 | Antonsson Properties03428087 · Bar | 0.0% | 0€ | -100.0% | -73,389€ | — | 1 | 929€ |
| 417 | Asnv Real Estate03506088 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,557€ | — | 1 | — |
| 418 | Bajova Kula Beach Apartments03418880 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 419 | Budko 3.003499642 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,106€ | — | 1 | 587€ |
| 420 | Ceteris Invest03723488 · Budva | 0.0% | 0€ | No filing for 2024. | -6,806€ | — | 1 | 560€ |
| 421 | CND International03742938 · Budva | 0.0% | 0€ | No filing for 2024. | -5,107€ | — | 1 | 422€ |
| 422 | D.B. Tourism03273148 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,110€ | — | 1 | 338€ |
| 423 | Delfin Holding MNG03644871 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,409€ | — | 2 | 391€ |
| 424 | Diamar03371182 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,148€ | — | 1 | 927€ |
| 425 | Digitalni Svijet03804747 · Bar | 0.0% | 0€ | No filing for 2024. | -30€ | — | 1 | — |
| 426 | Dinata Invest03499219 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,087€ | — | 1 | 678€ |
| 427 | Doglobal Mne03570231 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,131€ | — | 1 | 677€ |
| 428 | Domus Bay03520439 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,119€ | — | 1 | 677€ |
| 429 | Dream SKY03402223 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,712€ | — | 1 | 677€ |
| 430 | Dua Vivo03410277 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -169,691€ | — | 1 | 678€ |
| 431 | Dupont03358232 · Podgorica | 0.0% | 0€ | -100.0% | -6,025€ | — | 1 | — |
| 432 | Dvkmontenegro03432092 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,210€ | — | 1 | 675€ |
| 433 | Ea Beta Properties03720519 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,710€ | — | 1 | 995€ |
| 434 | Eco Club Development03710939 · Bar | 0.0% | 0€ | -100.0% | -36,286€ | — | 2 | 1,498€ |
| 435 | Eko Kuća03591352 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,128€ | — | 1 | — |
| 436 | Emerald Mountain Resort03810321 · Podgorica | 0.0% | 0€ | No filing for 2024. | -19€ | — | 1 | — |
| 437 | Emerald Technic03516652 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 438 | Erhn03672182 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 439 | Escaparate03589455 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 440 | Four Over Four Mne03305112 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -49,595€ | — | 1 | 452€ |
| 441 | Galka03382702 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,891€ | — | 1 | 675€ |
| 442 | Gimd Group03757536 · Budva | 0.0% | 0€ | No filing for 2024. | -6,320€ | — | 1 | 458€ |
| 443 | Give&Go03488993 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,192€ | — | 1 | 675€ |
| 444 | Highclere Apex Solutions03671399 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,619€ | — | 1 | 825€ |
| 445 | Homa03792277 · Tivat | 0.0% | 0€ | No filing for 2024. | -1,332€ | — | 0 | — |
| 446 | Id Techno03589676 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 447 | Ilevel03583805 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 677€ |
| 448 | Imobilien Ramka03740862 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,562€ | — | 1 | 378€ |
| 449 | Inlakesh03657043 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,141€ | — | 1 | 678€ |
| 450 | Kamarys Enterprise03477843 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,240€ | — | 1 | 677€ |