Revenue
8.8% of sector revenue
592 companies earned 20.26m€ in 2025, 8.8% of Real estate sector revenue. Revenue has grown 2.8× since 2015.
8.8% of sector revenue
408 with at most one employee
Largest employer: CMM (42)
Median company -12.2% · 25% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 201–250 of 592
* 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 →
Totals include 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
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 | 7,178,667€ | 282 |
| 2016 | 15,113,303€ | 270 |
| 2017 | 6,385,419€ | 271 |
| 2018 | 7,151,355€ | 302 |
| 2019 | 7,500,293€ | 350 |
| 2020 | 4,731,640€ | 364 |
| 2021 | 21,001,356€ | 384 |
| 2022 | 16,125,025€ | 467 |
| 2023 | 19,754,577€ | 533 |
| 2024 | 16,799,695€ | 598 |
| 2025 (Preliminary) | 20,258,269€ | 592 |
<0.1% |
| 8,856€ |
| +20.1% |
| -13,553€ |
| -153.0% |
| 2 |
| 776€ |
| 203 | Noir&Blank03422267 · Herceg Novi | <0.1% | 8,725€ | +1,033.1% | -615€ | -7.0% | 1 | 677€ |
| 204 | Egmne03617564 · Bar | <0.1% | 8,700€ | +546.8% | 221€ | 2.5% | 1 | 677€ |
| 205 | Novitovo Mne03319687 · Budva | <0.1% | 8,385€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,691€ | -449.5% | 5 | 743€ |
| 206 | Monte Nort Co03721124 · Budva | <0.1% | 8,325€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,807€ | -57.7% | 1 | 929€ |
| 207 | Lako Invest03635651 · Bar | <0.1% | 8,300€ | -69.1% | -26,267€ | -316.5% | 2 | 338€ |
| 208 | Riv Real Estate03499090 · Bar | <0.1% | 8,264€ | -59.0% | -3,870€ | -46.8% | 1 | 922€ |
| 209 | Moonlight Company03171248 · Podgorica | <0.1% | 8,215€ | +35.1% | 154€ | 1.9% | 1 | — |
| 210 | Montesmart Realestate03705749 · Budva | <0.1% | 8,134€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -910€ | -11.2% | 1 | — |
| 211 | Smart Consultancy & Real Estate03758109 · Tivat | <0.1% | 8,124€ | No filing for 2024. | 1,663€ | 20.5% | 1 | 494€ |
| 212 | Dandelion Real Estate03297110 · Podgorica | <0.1% | 7,905€ | -65.8% | -8,837€ | -111.8% | 1 | 1,193€ |
| 213 | FK Montenegro Real Estate03309304 · Budva | <0.1% | 7,780€ | -29.3% | -3,089€ | -39.7% | 1 | 676€ |
| 214 | Top Invest KL03207447 · Kolašin | <0.1% | 7,729€ | -79.4% | -17,257€ | -223.3% | 2 | 416€ |
| 215 | Galerija Jadrana02630362 · Budva | <0.1% | 7,719€ | +15.7% | -7,665€ | -99.3% | 2 | 543€ |
| 216 | Apex Real Estate03555844 · Podgorica | <0.1% | 7,660€ | -27.4% | 256€ | 3.3% | 1 | 508€ |
| 217 | Komfor Nekretnine03027473 · Podgorica | <0.1% | 7,651€ | +143.7% | -14,052€ | -183.7% | 2 | 808€ |
| 218 | New Real Estate Montenegro03176819 · Tivat | <0.1% | 7,640€ | -39.6% | -1,680€ | -22.0% | 2 | 338€ |
| 219 | Montenegro Supreme02806185 · Kotor | <0.1% | 7,546€ | +738.4% | -32,028€ | -424.4% | 2 | 903€ |
| 220 | In Invest03537501 · Podgorica | <0.1% | 7,438€ | +12.5% | -8,099€ | -108.9% | 1 | 709€ |
| 221 | Sunce Nekretnine03662128 · Podgorica | <0.1% | 7,276€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,140€ | 43.2% | 2 | — |
| 222 | Reimags03402622 · Bar | <0.1% | 7,267€ | +45.3% | -876€ | -12.1% | 1 | 677€ |
| 223 | Zeković Real Estate03657388 · Danilovgrad | <0.1% | 7,200€ | -40.2% | -2,275€ | -31.6% | 1 | 462€ |
| 224 | Movemontenegro03479480 · Podgorica | <0.1% | 7,199€ | -82.6% | -23,121€ | -321.2% | 4 | 474€ |
| 225 | DOM.MNE03467724 · Tivat | <0.1% | 7,170€ | -0.1% | -6,179€ | -86.2% | 1 | 926€ |
| 226 | RM Iva02349809 · Podgorica | <0.1% | 7,050€ | +55.3% | 5,229€ | 74.2% | 1 | — |
| 227 | Twinkle Star03298680 · Herceg Novi | <0.1% | 7,050€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,299€ | -32.6% | 1 | 676€ |
| 228 | Mne Nekretnine02933012 · Podgorica | <0.1% | 6,978€ | -16.1% | -1,196€ | -17.1% | 1 | 678€ |
| 229 | Agency Mnestate03103315 · Budva | <0.1% | 6,925€ | -52.9% | -9,124€ | -131.8% | 2 | 508€ |
| 230 | Mray-Clavis03305660 · Tivat | <0.1% | 6,800€ | -48.2% | -22,758€ | -334.7% | 2 | 422€ |
| 231 | Monte Produktiva03411842 · Budva | <0.1% | 6,653€ | -83.4% | -16,764€ | -252.0% | 2 | 834€ |
| 232 | Trust Real Estate & Consulting03485161 · Podgorica | <0.1% | 6,650€ | +99.1% | 759€ | 11.4% | 1 | — |
| 233 | Mag Nekretnine03714039 · Ulcinj | <0.1% | 6,550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 200€ | 3.1% | 1 | 358€ |
| 234 | In Nekretnine02295105 · Podgorica | <0.1% | 6,542€ | -39.1% | -28,659€ | -438.1% | 3 | 468€ |
| 235 | Efcom Group03703177 · Budva | <0.1% | 6,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,164€ | -171.8% | 2 | 713€ |
| 236 | Property & Travel02821931 · Budva | <0.1% | 6,338€ | -48.7% | -19,845€ | -313.1% | 3 | 658€ |
| 237 | Gigant Montenegro03331962 · Podgorica | <0.1% | 6,250€ | -6.0% | 448€ | 7.2% | 1 | 338€ |
| 238 | Adriatico Realty Collection03217710 · Budva | <0.1% | 6,132€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -154,909€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 8 | 1,277€ |
| 239 | Sapphire03587428 · Podgorica | <0.1% | 6,000€ | -74.5% | -9,142€ | -152.4% | 1 | 671€ |
| 240 | Zona Nekretnine02322889 · Podgorica | <0.1% | 5,863€ | -34.3% | -2,945€ | -50.2% | 1 | 687€ |
| 241 | Lisa- Mont03000508 · Budva | <0.1% | 5,820€ | +200.0% | -8,000€ | -137.5% | 1 | 670€ |
| 242 | Lazarus Homes03780074 · Podgorica | <0.1% | 5,806€ | No filing for 2024. | 1,716€ | 29.6% | 1 | — |
| 243 | Hestia Real Estate03658228 · Podgorica | <0.1% | 5,500€ | +93.1% | 310€ | 5.6% | 1 | — |
| 244 | Monte Baza03655377 · Herceg Novi | <0.1% | 5,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,169€ | -457.6% | 1 | 1,539€ |
| 245 | Yolo Property Investment03618102 · Budva | <0.1% | 5,496€ | +57.0% | -4,365€ | -79.4% | 1 | 791€ |
| 246 | Agencija Maja Brooker03636771 · Budva | <0.1% | 5,450€ | +36.3% | -11,681€ | -214.3% | 2 | 670€ |
| 247 | B7 Corp03539997 · Podgorica | <0.1% | 5,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,863€ | -129.5% | 1 | 675€ |
| 248 | Capital Nekretnine03329402 · Podgorica | <0.1% | 5,210€ | +34.6% | -2,622€ | -50.3% | 1 | 550€ |
| 249 | Lella03440290 · Budva | <0.1% | 5,022€ | +177.3% | 0€ | 0.0% | 1 | — |
| 250 | HTC International Trading03732380 · Podgorica | <0.1% | 5,000€ | No filing for 2024. | -2,551€ | -51.0% | 1 | 549€ |