Revenue
3.5% of Montenegro's revenue
2,701 companies earned 622.11m€ in 2025, 3.5% of all company revenue in Montenegro. It ranks 6 of 25 municipalities by revenue. Revenue has grown 3.3× since 2015.
3.5% of Montenegro's revenue
87.6 per 1,000 residents · Montenegro 57.3
Largest employer: Portonovi Hospitality Management Company (355)
Total profit: 14.92m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 186,748,143€ | 1,096 |
| 2016 | 238,411,668€ | 1,158 |
| 2017 | 256,635,932€ | 1,236 |
| 2018 | 330,861,351€ | 1,347 |
| 2019 | 472,263,023€ | 1,508 |
| 2020 | 281,384,588€ | 1,616 |
| 2021 | 298,013,020€ | 1,775 |
| 2022 | 478,145,632€ | 2,226 |
| 2023 | 519,343,062€ | 2,536 |
| 2024 | 586,186,307€ | 2,626 |
| 2025 (Preliminary) | 622,105,532€ | 2,701 |
The number of companies jumped most in 2022: from 1,775 to 2,226.
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–100 of 145
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Mediteran Nekretnine03366073 · Real estate | <0.1% | 14,865€ | +24.3% | 2,546€ | 17.1% | 1 | 907€ |
| 52 | Lavender Boka Hill03319962 · Real estate | <0.1% | 13,027€ | -80.2% | -55,204€ | -423.8% | 1 | 945€ |
| 53 | HRS Nekretnine03605116 · Real estate | <0.1% | 12,810€ | +10.9% | 1,038€ | 8.1% | 1 | 869€ |
| 54 | CBS International02689529 · Real estate | <0.1% | 12,800€ | +96.0% | -9,976€ | -77.9% | 2 | 558€ |
| 55 | Data Art03429644 · Real estate | <0.1% | 11,580€ | +1,602.9% | 1,484€ | 12.8% | 1 | 677€ |
| 56 | Ja Consulting03328325 · Real estate | <0.1% | 10,744€ | +116.7% | -6,833€ | -63.6% | 1 | 429€ |
| 57 | Sunny Den03460223 · Real estate | <0.1% | 10,489€ | +20.8% | -4,708€ | -44.9% | 1 | 679€ |
| 58 | Ulazi Grada Herceg Novog03123618 · Real estate | <0.1% | 10,456€ | -5.0% | 415€ | 4.0% | 1 | 675€ |
| 59 | Open Choice03563642 · Real estate | <0.1% | 10,330€ | +43.1% | 1,414€ | 13.7% | 1 | 678€ |
| 60 | The Best Way02766973 · Real estate | <0.1% | 10,081€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,124€ | -189.7% | 3 | 632€ |
| 61 | GM Corp.02443660 · Real estate | <0.1% | 10,070€ | -39.9% | -2,560€ | -25.4% | 1 | 508€ |
| 62 | Monte Gold Inc03663655 · Real estate | <0.1% | 9,544€ | +56.2% | -502€ | -5.3% | 1 | 677€ |
| 63 | R-Bay Tech03493504 · Real estate | <0.1% | 8,880€ | +34.5% | -3,013€ | -33.9% | 1 | 929€ |
| 64 | Noir&Blank03422267 · Real estate | <0.1% | 8,725€ | +1,033.1% | -615€ | -7.0% | 1 | 677€ |
| 65 | Taus03661229 · Real estate | <0.1% | 7,366€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,907€ | -39.5% | 1 | 735€ |
| 66 | Land Progres Invest02949741 · Real estate | <0.1% | 7,300€ | +421.4% | -25,403€ | -348.0% | 4 | 508€ |
| 67 | Our Place In the Sun03279545 · Real estate | <0.1% | 7,211€ | +168.9% | -3,188€ | -44.2% | 2 | 353€ |
| 68 | Twinkle Star03298680 · Real estate | <0.1% | 7,050€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,299€ | -32.6% | 1 | 676€ |
| 69 | Key2montenegro02655730 · Real estate | <0.1% | 6,789€ | -60.3% | -8,888€ | -130.9% | 2 | 496€ |
| 70 | Sunscape Company03656047 · Real estate | <0.1% | 5,986€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,375€ | -407.2% | 1 | 688€ |
| 71 | Monte Baza03655377 · Real estate | <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€ |
| 72 | Shtern03447596 · Real estate | <0.1% | 5,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,348€ | -292.3% | 3 | 567€ |
| 73 | Lizaveta S03228207 · Real estate | <0.1% | 5,120€ | +341.4% | -3,557€ | -69.5% | 1 | 680€ |
| 74 | Stolivoil03435342 · Real estate | <0.1% | 5,101€ | -48.5% | -7,016€ | -137.5% | 1 | 680€ |
| 75 | TT Invest03663043 · Real estate | <0.1% | 4,763€ | -63.0% | -6,713€ | -140.9% | 1 | 901€ |
| 76 | 3a Estate03597792 · Real estate | <0.1% | 4,609€ | -31.4% | -6,812€ | -147.8% | 1 | 852€ |
| 77 | Aralia03164683 · Real estate | <0.1% | 4,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,338€ | -217.2% | 2 | — |
| 78 | Ponente Bijela02773597 · Real estate | <0.1% | 4,026€ | +15.0% | -65€ | -1.6% | 1 | 339€ |
| 79 | MBK Jadranka03734013 · Real estate | <0.1% | 4,001€ | No filing for 2024. | -5,240€ | -131.0% | 1 | 586€ |
| 80 | Ifyouchange03414574 · Real estate | <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€ |
| 81 | Budva Marina03480119 · Real estate | <0.1% | 3,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,985€ | -280.8% | 1 | 927€ |
| 82 | Temerso02687895 · Real estate | <0.1% | 2,897€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,093€ | -244.8% | 1 | 339€ |
| 83 | Avgusto03544290 · Real estate | <0.1% | 2,741€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,508€ | -200.9% | 1 | 678€ |
| 84 | Capita02394383 · Real estate | <0.1% | 2,158€ | -10.6% | -5,335€ | -247.2% | 1 | 508€ |
| 85 | Fish Ing03223981 · Real estate | <0.1% | 1,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,372€ | -350.1% | 1 | 678€ |
| 86 | Crna Gora Dom03065367 · Real estate | <0.1% | 1,800€ | -32.0% | -2,259€ | -125.5% | 1 | — |
| 87 | Loft Team03306194 · Real estate | <0.1% | 1,450€ | +314.3% | -11,741€ | -809.7% | 2 | 537€ |
| 88 | Fortunela Real Estate03800440 · Real estate | <0.1% | 1,300€ | No filing for 2024. | 66€ | 5.1% | 1 | — |
| 89 | Terramonte02762536 · Real estate | <0.1% | 1,053€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,527€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 463€ |
| 90 | GKM Group03272656 · Real estate | <0.1% | 800€ | -87.2% | -5,440€ | -680.0% | 1 | — |
| 91 | Tricikl Mne03013740 · Real estate | <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€ |
| 92 | Novi Redital03507386 · Real estate | <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€ |
| 93 | Investamont02626683 · Real estate | <0.1% | 152€ | -100.0% | -55,308€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 823€ |
| 94 | International Connecting Consultants03400603 · Real estate | <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€ |
| 95 | Etalon Montenegro03551008 · Real estate | <0.1% | 100€ | -75.0% | -8,083€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 96 | Montehills02872854 · Real estate | <0.1% | 97€ | +9,600.0% | -4,221€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 97 | Vlavin Real Estate B.V. - Holandija02712024 · Real estate | <0.1% | 33€ | -96.0% | -3,944€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 98 | Dobar Sat02678063 · Real estate | <0.1% | 1€ | -98.9% | -14,995€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 99 | Abc Development03396088 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,977€ | — | 1 | 929€ |
| 100 | Alex Co02834138 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |