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 101–145 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* |
|---|
| 101 | Code Essentials03012034 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,225€ | — | 1 | 684€ |
| 102 | Dobrica02218950 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,030€ | — | 1 | — |
| 103 | Dolium02940965 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,114€ | — | 1 | 675€ |
| 104 | Antarex CG03201139 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 105 | Bajova Kula Beach Apartments03418880 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 106 | Capital Montenegro Real Estate03807304 · Real estate | 0.0% | 0€ | No filing for 2024. | -452€ | — | 0 | — |
| 107 | Geos LTD02467020 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,862€ | — | 2 | 391€ |
| 108 | Ham Group03409228 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,109€ | — | 1 | 675€ |
| 109 | Id Techno03589676 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 110 | Ilevel03583805 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,162€ | — | 1 | 677€ |
| 111 | Maksi-S03535649 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,154€ | — | 1 | 680€ |
| 112 | Međunarodna Građevinsko-Razvojna Korporacija02694719 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 113 | Monte Rivijera03456625 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 114 | Nirman03488608 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,939€ | — | 1 | 678€ |
| 115 | Rep-Real Estate Project02645076 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,857€ | — | 1 | 751€ |
| 116 | San Facility03224155 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,411€ | — | 1 | 688€ |
| 117 | TGS Property Development03736571 · Real estate | 0.0% | 0€ | No filing for 2024. | -6,690€ | — | 1 | 471€ |
| 118 | Udoban Dom03407969 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,826€ | — | 2 | 590€ |
| 119 | Visdom Monte03645363 · Real estate | 0.0% | 0€ | -100.0% | -11,454€ | — | 1 | 929€ |
| 120 | Area Investment02900483 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,061€ | — | 1 | 338€ |
| 121 | Hemast Immobilien03518426 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 122 | New Solutions03532003 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,414€ | — | 2 | 597€ |
| 123 | SD Zeder03543668 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,839€ | — | 1 | 678€ |
| 124 | Time of Che03607755 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,206€ | — | 1 | 678€ |
| 125 | Villdor02679051 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,041€ | — | 1 | 337€ |
| 126 | M & Marina02692198 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,370€ | — | 1 | — |
| 127 | Alfa - Gea02448238 · Real estate | 0.0% | 0€ | No filing for 2024. | -6,750€ | — | 0 | — |
| 128 | Ferriers Follies02673088 · Real estate | 0.0% | 0€ | -100.0% | -15,832€ | — | 1 | 1,177€ |
| 129 | Latavra02446120 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,357€ | — | 1 | 677€ |
| 130 | Reid RJ Developments02469073 · Real estate | 0.0% | 0€ | -100.0% | -23,531€ | — | 1 | 1,701€ |
| 131 | Kotomont02674785 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,528€ | — | 1 | 337€ |
| 132 | Zelena Linija02635321 · Real estate | 0.0% | 0€ | -100.0% | -3,343€ | — | 1 | — |
| 133 | MJN Nekretnine03676544 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,650€ | — | 2 | 824€ |
| 134 | Montenegro Star03017150 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,480€ | — | 1 | 677€ |
| 135 | Monte Imobilia02797216 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,578€ | — | 2 | 678€ |
| 136 | Monkaro02621088 · Real estate | 0.0% | 0€ | -100.0% | -114,883€ | — | 1 | 1,757€ |
| 137 | D&A Services03464547 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,334€ | — | 1 | 678€ |
| 138 | Nexus Adriatik03433862 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,206€ | — | 1 | 929€ |
| 139 | GSK Adriatika03011801 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,807€ | — | 1 | — |
| 140 | N203517837 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,526€ | — | 1 | 677€ |
| 141 | Novi Adriatic Company03596923 · Real estate | 0.0% | 0€ | -100.0% | -9,969€ | — | 1 | — |
| 142 | Onc Investment and Trading03747000 · Real estate | 0.0% | 0€ | No filing for 2024. | -12,830€ | — | 1 | 686€ |
| 143 | Ring Montenegro03672301 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,397€ | — | 1 | 677€ |
| 144 | Simfonija Jadrana03749096 · Real estate | 0.0% | 0€ | No filing for 2024. | -3,589€ | — | 1 | — |
| 145 | Kinaaz Development03149129 · Real estate | 0.0% | -87,045€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -89,328€ | — | 1 | — |