Herceg Novi

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.

Municipality · 2025

Year

Revenue

622.11m€3.3× since 2015

3.5% of Montenegro's revenue

Companies

2,701+1,605 since 2015

87.6 per 1,000 residents · Montenegro 57.3

Employees

10,437+75% since 2015

Largest employer: Portonovi Hospitality Management Company (355)

Profit margin

2.4%3.7 pts below average

Total profit: 14.92m€

This municipality 2.4%Montenegro: 6.1%

Payroll cost/emp./mo*

1,145€8% below average

Average per employee, not per company

This municipality 1,145€Montenegro: 1,242€

Revenue and companies since 2015

FinalPreliminary

Revenue in € million (bars) and filing companies (below), 2015–2025

Revenue and companies by year
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

What changed in 2025

Growth is measured on the same companies, which filed for both years.

Revenue, same companies (2,462): 570.43m€ → 615.22m€
Employees, same companies: 9,350 → 10,084
Payroll cost per employee, same companies: 1,090€ → 1,171€
Filed for 2025, not for 2024: 239 companies · 6.88m€
Filed for 2024, not for 2025: 164 companies, 15.76m€ in 2024

Sectors and who is growing

Revenue by sector

Share of municipal revenue

Share in Montenegro

Hospitality 141.87m€Montenegro: 7.2%22.8%
Trade 140.92m€Montenegro: 43.8%22.7%
Manufacturing 76.34m€Montenegro: 8.2%12.3%
Construction 60.54m€Montenegro: 11.9%9.7%
Real estate 57.04m€Montenegro: 1.3%9.2%
Professional services 43.81m€Montenegro: 4.3%7.0%
Transport & logistics 34.22m€Montenegro: 5.4%5.5%
Other sectors (11) 67.38m€10.8%

Fastest growing

Revenue change vs 2024, companies with at least 1m€ that year

North Star Mne3.15m€ → 8.44m€
+167.9%
Piles Construction Company3.65m€ → 9.49m€
+160.2%
Adriatic 425.98m€ → 11.57m€
+93.4%
Olympus-Finance Group1.28m€ → 2.32m€
+81.3%
Ndoj Company1.56m€ → 2.52m€
+61.5%

Largest employers

Employees and payroll cost per employee per month*

Portonovi Hospitality Management Company
3552,340€
Lazure Montenegro
2041,557€
Čistoća
1941,534€
Vodovod i Kanalizacija
1711,514€
Portonovi Resort Management Company
1501,945€

Development signals and urban projects

Archive →

Date not published06 333 25 10010 7 SAVINA RESIDENCE DOO HERCEG NOVIUTU issued

All companies (2,701)

Ranked by total revenue · Showing 1951–2000 of 2,701

Export CSV

Companies in the municipality
#	Company	Revenue share	Revenue	Revenue change2024→2025	Profit	Margin	Employees	Payroll cost/emp./mo*
1951	CMT International Trade and Investments03307956 · Professional services	<0.1%	659€	+8.7%	-2,765€	-419.6%	1	—
1952	Svmarketing03400760 · Professional services	<0.1%	600€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,921€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	719€
1953	Global Vip Agency03757757 · Administrative services	<0.1%	600€	No filing for 2024.	-4,094€	-682.3%	1	320€
1954	MK Garage Center03805492 · Trade	<0.1%	600€	No filing for 2024.	-3,627€	-604.5%	1	—
1955	Pomorski Saobraćaj02007479 · Professional services	<0.1%	583€	-99.3%	-84,782€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	1,095€
1956	Medan i Slavić02264188 · Personal services	<0.1%	570€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-1€	-0.2%	1	—
1957	Menes - CG02659280 · Manufacturing	<0.1%	566€	-68.2%	-1€	-0.2%	1	—
1958	Psyhelp03367525 · Technology	<0.1%	560€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-12,920€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	2	541€
1959	Ulmax03258653 · Construction	<0.1%	550€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,626€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	675€
1960	Bokapharm Apoteka03799565 · Trade	<0.1%	548€	No filing for 2024.	-8,780€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	4	—
1961	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€
1962	P&V Tech03374513 · Trade	<0.1%	510€	-49.0%	-7,729€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1963	JLS03273458 · Arts & entertainment	<0.1%	500€	-86.6%	-4,023€	-804.6%	1	—
1964	Dudarenko02949903 · Administrative services	<0.1%	500€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-32,902€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	4	676€
1965	Lorem Ipsum03561933 · Professional services	<0.1%	495€	+330.4%	-7,754€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1966	Global Capital Solutions03600777 · Construction	<0.1%	487€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-118,509€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1967	Jelena i Maša03119149 · Transport & logistics	<0.1%	480€	+300.0%	-8,209€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	2	338€
1968	Azimut 36003364321 · Education	<0.1%	470€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-10,902€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	927€
1969	PF Group03471489 · Administrative services	<0.1%	451€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-14,733€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1970	Divne Lale03432882 · Trade	<0.1%	441€	-83.3%	-1,727€	-391.6%	1	—
1971	Monteprom Plus02436264 · Trade	<0.1%	425€	No filing for 2024.	-9,165€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	—
1972	V & K Montenegro02638746 · Construction	<0.1%	420€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-11,140€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1973	VB Invest03744256 · Construction	<0.1%	401€	No filing for 2024.	-7,959€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	473€
1974	Marksystem MN03516555 · Trade	<0.1%	400€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-7,786€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	675€
1975	MMM Omni03305961 · Trade	<0.1%	400€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,573€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	680€
1976	Sadaltager03534430 · Education	<0.1%	400€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-9,018€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1977	Adrialife02974967 · Administrative services	<0.1%	398€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-2,162€	-543.2%	1	—
1978	Oriens Technology03330320 · Technology	<0.1%	377€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-15,767€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	2	654€
1979	Building Smart Technologies Montenegro02820803 · Professional services	<0.1%	350€	-99.3%	-10,934€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1980	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€
1981	Art24 MY Dream03730654 · Arts & entertainment	<0.1%	320€	No filing for 2024.	58€	18.1%	1	—
1982	Peron 903557316 · Hospitality	<0.1%	309€	-93.8%	-5,310€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	338€
1983	Car Wash Crystal03768724 · Administrative services	<0.1%	303€	No filing for 2024.	-3,948€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	354€
1984	Gallery of Business03483991 · Technology	<0.1%	300€	-65.2%	-10,944€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1985	Global Engineering Mne03491072 · Construction	<0.1%	300€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-7,891€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1986	Beladria03065715 · Administrative services	<0.1%	250€	-91.9%	-5,234€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	2	—
1987	Arionta Technology03146324 · Technology	<0.1%	228€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-11,631€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1988	Revival-Home03341623 · Personal services	<0.1%	220€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,754€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	677€
1989	Twok03536696 · Trade	<0.1%	211€	-74.4%	-2,001€	-948.3%	1	—
1990	Simon - PS02725142 · Trade	<0.1%	200€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-5,991€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	334€
1991	Suntime-Veliki Trap03007936 · Administrative services	<0.1%	170€	-69.6%	-8,484€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	680€
1992	Idema03125009 · Transport & logistics	<0.1%	165€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-2,627€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	—
1993	Iwim03507122 · Professional services	<0.1%	165€	-31.3%	-8,715€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	675€
1994	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€
1995	Brašno & Kakao03150011 · Manufacturing	<0.1%	150€	-97.9%	-12,762€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	—
1996	Matador Arms03295273 · Trade	<0.1%	150€	-95.2%	-10,445€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	678€
1997	Oblivion SKY03486770 · Trade	<0.1%	150€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,856€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	672€
1998	Uniswap03382125 · Technology	<0.1%	150€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-12,321€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	983€
1999	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€
2000	Ja Sam Tapetar03576108 · Personal services	<0.1%	145€	-99.0%	-10,360€	Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.	1	680€

Revenue Revenue change Profit Margin Employees Payroll cost/emp./mo*Company

1951
CMT International Trade and Investments03307956 · Professional services
Revenue share
<0.1%
Revenue
659€
Revenue change 2024→2025
+8.7%
Profit
-2,765€
Margin
-419.6%
Employees
1
Payroll cost/emp./mo*
—
1952
Svmarketing03400760 · Professional services
Revenue share
<0.1%
Revenue
600€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,921€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
719€
1953
Global Vip Agency03757757 · Administrative services
Revenue share
<0.1%
Revenue
600€
Revenue change 2024→2025
No filing for 2024.
Profit
-4,094€
Margin
-682.3%
Employees
1
Payroll cost/emp./mo*
320€
1954
MK Garage Center03805492 · Trade
Revenue share
<0.1%
Revenue
600€
Revenue change 2024→2025
No filing for 2024.
Profit
-3,627€
Margin
-604.5%
Employees
1
Payroll cost/emp./mo*
—
1955
Pomorski Saobraćaj02007479 · Professional services
Revenue share
<0.1%
Revenue
583€
Revenue change 2024→2025
-99.3%
Profit
-84,782€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
1,095€
1956
Medan i Slavić02264188 · Personal services
Revenue share
<0.1%
Revenue
570€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-1€
Margin
-0.2%
Employees
1
Payroll cost/emp./mo*
—
1957
Menes - CG02659280 · Manufacturing
Revenue share
<0.1%
Revenue
566€
Revenue change 2024→2025
-68.2%
Profit
-1€
Margin
-0.2%
Employees
1
Payroll cost/emp./mo*
—
1958
Psyhelp03367525 · Technology
Revenue share
<0.1%
Revenue
560€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-12,920€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
541€
1959
Ulmax03258653 · Construction
Revenue share
<0.1%
Revenue
550€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,626€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
675€
1960
Bokapharm Apoteka03799565 · Trade
Revenue share
<0.1%
Revenue
548€
Revenue change 2024→2025
No filing for 2024.
Profit
-8,780€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
4
Payroll cost/emp./mo*
—
1961
Tricikl Mne03013740 · Real estate
Revenue share
<0.1%
Revenue
520€
Revenue change 2024→2025
-76.9%
Profit
-16,258€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
680€
1962
P&V Tech03374513 · Trade
Revenue share
<0.1%
Revenue
510€
Revenue change 2024→2025
-49.0%
Profit
-7,729€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1963
JLS03273458 · Arts & entertainment
Revenue share
<0.1%
Revenue
500€
Revenue change 2024→2025
-86.6%
Profit
-4,023€
Margin
-804.6%
Employees
1
Payroll cost/emp./mo*
—
1964
Dudarenko02949903 · Administrative services
Revenue share
<0.1%
Revenue
500€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-32,902€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
4
Payroll cost/emp./mo*
676€
1965
Lorem Ipsum03561933 · Professional services
Revenue share
<0.1%
Revenue
495€
Revenue change 2024→2025
+330.4%
Profit
-7,754€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1966
Global Capital Solutions03600777 · Construction
Revenue share
<0.1%
Revenue
487€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-118,509€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1967
Jelena i Maša03119149 · Transport & logistics
Revenue share
<0.1%
Revenue
480€
Revenue change 2024→2025
+300.0%
Profit
-8,209€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
338€
1968
Azimut 36003364321 · Education
Revenue share
<0.1%
Revenue
470€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-10,902€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
927€
1969
PF Group03471489 · Administrative services
Revenue share
<0.1%
Revenue
451€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-14,733€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1970
Divne Lale03432882 · Trade
Revenue share
<0.1%
Revenue
441€
Revenue change 2024→2025
-83.3%
Profit
-1,727€
Margin
-391.6%
Employees
1
Payroll cost/emp./mo*
—
1971
Monteprom Plus02436264 · Trade
Revenue share
<0.1%
Revenue
425€
Revenue change 2024→2025
No filing for 2024.
Profit
-9,165€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
—
1972
V & K Montenegro02638746 · Construction
Revenue share
<0.1%
Revenue
420€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-11,140€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1973
VB Invest03744256 · Construction
Revenue share
<0.1%
Revenue
401€
Revenue change 2024→2025
No filing for 2024.
Profit
-7,959€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
473€
1974
Marksystem MN03516555 · Trade
Revenue share
<0.1%
Revenue
400€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-7,786€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
675€
1975
MMM Omni03305961 · Trade
Revenue share
<0.1%
Revenue
400€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,573€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
680€
1976
Sadaltager03534430 · Education
Revenue share
<0.1%
Revenue
400€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-9,018€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1977
Adrialife02974967 · Administrative services
Revenue share
<0.1%
Revenue
398€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-2,162€
Margin
-543.2%
Employees
1
Payroll cost/emp./mo*
—
1978
Oriens Technology03330320 · Technology
Revenue share
<0.1%
Revenue
377€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-15,767€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
654€
1979
Building Smart Technologies Montenegro02820803 · Professional services
Revenue share
<0.1%
Revenue
350€
Revenue change 2024→2025
-99.3%
Profit
-10,934€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1980
Novi Redital03507386 · Real estate
Revenue share
<0.1%
Revenue
325€
Revenue change 2024→2025
-87.7%
Profit
-8,075€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
680€
1981
Art24 MY Dream03730654 · Arts & entertainment
Revenue share
<0.1%
Revenue
320€
Revenue change 2024→2025
No filing for 2024.
Profit
58€
Margin
18.1%
Employees
1
Payroll cost/emp./mo*
—
1982
Peron 903557316 · Hospitality
Revenue share
<0.1%
Revenue
309€
Revenue change 2024→2025
-93.8%
Profit
-5,310€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
338€
1983
Car Wash Crystal03768724 · Administrative services
Revenue share
<0.1%
Revenue
303€
Revenue change 2024→2025
No filing for 2024.
Profit
-3,948€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
354€
1984
Gallery of Business03483991 · Technology
Revenue share
<0.1%
Revenue
300€
Revenue change 2024→2025
-65.2%
Profit
-10,944€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1985
Global Engineering Mne03491072 · Construction
Revenue share
<0.1%
Revenue
300€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-7,891€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1986
Beladria03065715 · Administrative services
Revenue share
<0.1%
Revenue
250€
Revenue change 2024→2025
-91.9%
Profit
-5,234€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
—
1987
Arionta Technology03146324 · Technology
Revenue share
<0.1%
Revenue
228€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-11,631€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1988
Revival-Home03341623 · Personal services
Revenue share
<0.1%
Revenue
220€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,754€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
677€
1989
Twok03536696 · Trade
Revenue share
<0.1%
Revenue
211€
Revenue change 2024→2025
-74.4%
Profit
-2,001€
Margin
-948.3%
Employees
1
Payroll cost/emp./mo*
—
1990
Simon - PS02725142 · Trade
Revenue share
<0.1%
Revenue
200€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-5,991€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
334€
1991
Suntime-Veliki Trap03007936 · Administrative services
Revenue share
<0.1%
Revenue
170€
Revenue change 2024→2025
-69.6%
Profit
-8,484€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
680€
1992
Idema03125009 · Transport & logistics
Revenue share
<0.1%
Revenue
165€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-2,627€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
—
1993
Iwim03507122 · Professional services
Revenue share
<0.1%
Revenue
165€
Revenue change 2024→2025
-31.3%
Profit
-8,715€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
675€
1994
Investamont02626683 · Real estate
Revenue share
<0.1%
Revenue
152€
Revenue change 2024→2025
-100.0%
Profit
-55,308€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
823€
1995
Brašno & Kakao03150011 · Manufacturing
Revenue share
<0.1%
Revenue
150€
Revenue change 2024→2025
-97.9%
Profit
-12,762€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
—
1996
Matador Arms03295273 · Trade
Revenue share
<0.1%
Revenue
150€
Revenue change 2024→2025
-95.2%
Profit
-10,445€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
678€
1997
Oblivion SKY03486770 · Trade
Revenue share
<0.1%
Revenue
150€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,856€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
672€
1998
Uniswap03382125 · Technology
Revenue share
<0.1%
Revenue
150€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-12,321€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
983€
1999
International Connecting Consultants03400603 · Real estate
Revenue share
<0.1%
Revenue
149€
Revenue change 2024→2025
-97.9%
Profit
-140,722€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
2
Payroll cost/emp./mo*
985€
2000
Ja Sam Tapetar03576108 · Personal services
Revenue share
<0.1%
Revenue
145€
Revenue change 2024→2025
-99.0%
Profit
-10,360€
Margin
Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
Employees
1
Payroll cost/emp./mo*
680€

* 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 →

Companies in Herceg Novi ranked by revenue 2025 →

Source: Tax Administration / CRPSCurrency: EUR

Revenue and companies by year

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

Sectors and who is growing

Revenue by sector

Share of municipal revenue

Share in Montenegro

Hospitality 141.87m€Montenegro: 7.2%22.8%
Trade 140.92m€Montenegro: 43.8%22.7%
Manufacturing 76.34m€Montenegro: 8.2%12.3%
Construction 60.54m€Montenegro: 11.9%9.7%
Real estate 57.04m€Montenegro: 1.3%9.2%
Professional services 43.81m€Montenegro: 4.3%7.0%
Transport & logistics 34.22m€Montenegro: 5.4%5.5%
Other sectors (11) 67.38m€10.8%

Fastest growing

Revenue change vs 2024, companies with at least 1m€ that year

North Star Mne3.15m€ → 8.44m€
+167.9%
Piles Construction Company3.65m€ → 9.49m€
+160.2%
Adriatic 425.98m€ → 11.57m€
+93.4%
Olympus-Finance Group1.28m€ → 2.32m€
+81.3%
Ndoj Company1.56m€ → 2.52m€
+61.5%

Largest employers

Employees and payroll cost per employee per month*

Portonovi Hospitality Management Company
3552,340€
Lazure Montenegro
2041,557€
Čistoća
1941,534€
Vodovod i Kanalizacija
1711,514€
Portonovi Resort Management Company
1501,945€

Company

Revenue

Revenue change2024→2025

Profit

Margin

Employees

Payroll cost/emp./mo*

1951

CMT International Trade and Investments03307956 · Professional services

659€

+8.7%

-2,765€

-419.6%

—

1952

Svmarketing03400760 · Professional services

600€

-8,921€

719€

1953

Global Vip Agency03757757 · Administrative services

600€

-4,094€

-682.3%

320€

1954

MK Garage Center03805492 · Trade

600€

-3,627€

-604.5%

—

1955

Pomorski Saobraćaj02007479 · Professional services

583€

-99.3%

-84,782€

1,095€

1956

Medan i Slavić02264188 · Personal services

570€

-1€

-0.2%

—

1957

Menes - CG02659280 · Manufacturing

566€

-68.2%

-1€

-0.2%

—

1958

Psyhelp03367525 · Technology

560€

-12,920€

541€

1959

Ulmax03258653 · Construction

550€

-8,626€

675€

1960

Bokapharm Apoteka03799565 · Trade

548€

-8,780€

—

1961

Tricikl Mne03013740 · Real estate

520€

-76.9%

-16,258€

680€

1962

P&V Tech03374513 · Trade

510€

-49.0%

-7,729€

677€

1963

JLS03273458 · Arts & entertainment

500€

-86.6%

-4,023€

-804.6%

—

1964

Dudarenko02949903 · Administrative services

500€

-32,902€

676€

1965

Lorem Ipsum03561933 · Professional services

495€

+330.4%

-7,754€

678€

1966

Global Capital Solutions03600777 · Construction

487€

-118,509€

678€

1967

Jelena i Maša03119149 · Transport & logistics

480€

+300.0%

-8,209€

338€

1968

Azimut 36003364321 · Education

470€

-10,902€

927€

1969

PF Group03471489 · Administrative services

451€

-14,733€

678€

1970

Divne Lale03432882 · Trade

441€

-83.3%

-1,727€

-391.6%

—

1971

Monteprom Plus02436264 · Trade

425€

-9,165€

—

1972

V & K Montenegro02638746 · Construction

420€

-11,140€

678€

1973

VB Invest03744256 · Construction

401€

-7,959€

473€

1974

Marksystem MN03516555 · Trade

400€

-7,786€

675€

1975

MMM Omni03305961 · Trade

400€

-8,573€

680€

1976

Sadaltager03534430 · Education

400€

-9,018€

678€

1977

Adrialife02974967 · Administrative services

398€

-2,162€

-543.2%

—

1978

Oriens Technology03330320 · Technology

377€

-15,767€

654€

1979

Building Smart Technologies Montenegro02820803 · Professional services

350€

-99.3%

-10,934€

677€

1980

Novi Redital03507386 · Real estate

325€

-87.7%

-8,075€

680€

1981

Art24 MY Dream03730654 · Arts & entertainment

320€

58€

18.1%

—

1982

Peron 903557316 · Hospitality

309€

-93.8%

-5,310€

338€

1983

Car Wash Crystal03768724 · Administrative services

303€

-3,948€

354€

1984

Gallery of Business03483991 · Technology

300€

-65.2%

-10,944€

677€

1985

Global Engineering Mne03491072 · Construction

300€

-7,891€

677€

1986

Beladria03065715 · Administrative services

250€

-91.9%

-5,234€

—

1987

Arionta Technology03146324 · Technology

228€

-11,631€

677€

1988

Revival-Home03341623 · Personal services

220€

-8,754€

677€

1989

Twok03536696 · Trade

211€

-74.4%

-2,001€

-948.3%

—

1990

Simon - PS02725142 · Trade

200€

-5,991€

334€

1991

Suntime-Veliki Trap03007936 · Administrative services

170€

-69.6%

-8,484€

680€

1992

Idema03125009 · Transport & logistics

165€

-2,627€

—

1993

Iwim03507122 · Professional services

165€

-31.3%

-8,715€

675€

1994

Investamont02626683 · Real estate

152€

-100.0%

-55,308€

823€

1995

Brašno & Kakao03150011 · Manufacturing

150€

-97.9%

-12,762€

—

1996

Matador Arms03295273 · Trade

150€

-95.2%

-10,445€

678€

1997

Oblivion SKY03486770 · Trade

150€

-8,856€

672€

1998

Uniswap03382125 · Technology

150€

-12,321€

983€

1999

International Connecting Consultants03400603 · Real estate

149€

-97.9%

-140,722€

985€

2000

Ja Sam Tapetar03576108 · Personal services

145€

-99.0%

-10,360€

680€

Overview

Revenue

Companies

Employees

Profit margin

Payroll cost/emp./mo*

Revenue and companies since 2015

What changed in 2025

Sectors and who is growing

Revenue by sector

Fastest growing

Largest employers

Development signals and urban projects

All companies (2,701)

Overview

Revenue

Companies

Employees

Profit margin

Payroll cost/emp./mo*

Revenue and companies since 2015

What changed in 2025

Sectors and who is growing

Revenue by sector

Fastest growing

Largest employers

Development signals and urban projects

All companies (2,701)