Revenue
4.1% of Montenegro's revenue
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
4.1% of Montenegro's revenue
124.0 per 1,000 residents · Montenegro 57.3
Largest employer: Adriatic Marinas (212)
Total profit: 28.96m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
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 300
* 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 | Atalay Tourim Services03466329 · Real estate | <0.1% | 72,960€ | +7,295,900.0% | 31,817€ | 43.6% | 1 | 929€ |
| 52 | Pinnacle Properties03240550 · Real estate | <0.1% | 72,606€ | +56.3% | -95,522€ | -131.6% | 1 | — |
| 53 | Kvad Consulting03491358 · Real estate | <0.1% | 70,650€ | +9.8% | -8,155€ | -11.5% | 1 | 678€ |
| 54 | Luxury Adriatic03374661 · Real estate | <0.1% | 68,284€ | +121.2% | 13,864€ | 20.3% | 3 | 688€ |
| 55 | Metris03368858 · Real estate | <0.1% | 66,321€ | +70.2% | -56,932€ | -85.8% | 2 | — |
| 56 | Blue Horizon03181871 · Real estate | <0.1% | 63,750€ | 0.0% | 3,991€ | 6.3% | 2 | 404€ |
| 57 | Gabriel03338134 · Real estate | <0.1% | 63,402€ | -3.2% | -14,274€ | -22.5% | 1 | 932€ |
| 58 | Elite Tourism03333531 · Real estate | <0.1% | 63,340€ | -1.2% | -21,758€ | -34.4% | 1 | 339€ |
| 59 | Lunas International03411214 · Real estate | <0.1% | 59,158€ | +393.0% | -104,300€ | -176.3% | 1 | 678€ |
| 60 | Synergy Development02997878 · Real estate | <0.1% | 54,523€ | -25.2% | -32,849€ | -60.2% | 2 | 615€ |
| 61 | Dzro Montenegro Holdings03151832 · Real estate | <0.1% | 52,191€ | -54.4% | -36,321€ | -69.6% | 1 | 680€ |
| 62 | VSM Properties03411362 · Real estate | <0.1% | 51,457€ | -3.5% | -42,344€ | -82.3% | 1 | 1,837€ |
| 63 | Progresstech02926296 · Real estate | <0.1% | 48,653€ | +21.9% | -26,420€ | -54.3% | 1 | 929€ |
| 64 | Monte Investments03128067 · Real estate | <0.1% | 48,000€ | +25.0% | -8,103€ | -16.9% | 2 | 450€ |
| 65 | Tribunus03551806 · Real estate | <0.1% | 47,545€ | +419.1% | -1,422€ | -3.0% | 1 | 1,030€ |
| 66 | Juric Holdings03277917 · Real estate | <0.1% | 45,595€ | +13.4% | -4,022€ | -8.8% | 1 | 929€ |
| 67 | PM 1.2403106934 · Real estate | <0.1% | 44,786€ | -5.1% | -5,581€ | -12.5% | 1 | 680€ |
| 68 | Auguri03457567 · Real estate | <0.1% | 44,504€ | -50.5% | -34,494€ | -77.5% | 4 | 740€ |
| 69 | Montenegro Moments03454606 · Real estate | <0.1% | 43,305€ | -6.3% | -69,826€ | -161.2% | 3 | 917€ |
| 70 | L’ Acces International Investments03106322 · Real estate | <0.1% | 42,211€ | -52.8% | -243,927€ | -577.9% | 4 | 759€ |
| 71 | Chromax03106098 · Real estate | <0.1% | 41,059€ | +106.4% | -4,775€ | -11.6% | 1 | 713€ |
| 72 | Tolland Enterprises Limited03367177 · Real estate | <0.1% | 40,617€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -113,201€ | -278.7% | 2 | 1,172€ |
| 73 | Fidelity Invest03271501 · Real estate | <0.1% | 39,724€ | +3.5% | -12,498€ | -31.5% | 1 | 680€ |
| 74 | Favorit Invest03457958 · Real estate | <0.1% | 38,835€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,403€ | -62.8% | 1 | 1,962€ |
| 75 | Formatura03274969 · Real estate | <0.1% | 38,202€ | -19.1% | -21,582€ | -56.5% | 1 | 929€ |
| 76 | Solea Homes03747417 · Real estate | <0.1% | 37,000€ | No filing for 2024. | 23,062€ | 62.3% | 1 | 378€ |
| 77 | LB Investment03212637 · Real estate | <0.1% | 36,615€ | +59.3% | -17,440€ | -47.6% | 1 | — |
| 78 | Forbe Company03509419 · Real estate | <0.1% | 34,711€ | +7.7% | 11,812€ | 34.0% | 1 | 1,428€ |
| 79 | Dana Invest03195317 · Real estate | <0.1% | 34,697€ | -9.4% | -15,946€ | -46.0% | 1 | 678€ |
| 80 | Albi Real Estate03375846 · Real estate | <0.1% | 32,052€ | -33.8% | -28,887€ | -90.1% | 1 | 681€ |
| 81 | Rapid Consult03400573 · Real estate | <0.1% | 30,635€ | -17.4% | 13,233€ | 43.2% | 1 | 667€ |
| 82 | Mirodar03209377 · Real estate | <0.1% | 30,129€ | -25.4% | -21,938€ | -72.8% | 1 | 984€ |
| 83 | Sineva02806304 · Real estate | <0.1% | 30,091€ | +73.9% | -15,997€ | -53.2% | 1 | 923€ |
| 84 | Altkin Services Limited02642395 · Real estate | <0.1% | 30,000€ | 0.0% | 3,677€ | 12.3% | 1 | 927€ |
| 85 | Old World Ventures03312232 · Real estate | <0.1% | 29,632€ | -87.9% | -9,733€ | -32.8% | 1 | 680€ |
| 86 | Bfa03337197 · Real estate | <0.1% | 28,305€ | -12.2% | -2,595€ | -9.2% | 1 | 929€ |
| 87 | Vivastar Elit Estate03287408 · Real estate | <0.1% | 26,767€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,749€ | 6.5% | 1 | 683€ |
| 88 | Smarthome Montenegro03317706 · Real estate | <0.1% | 26,362€ | +19.4% | -20,142€ | -76.4% | 1 | 678€ |
| 89 | Sea Hive03355055 · Real estate | <0.1% | 26,206€ | +577.5% | -59,339€ | -226.4% | 1 | 926€ |
| 90 | Shantay Real Estate03292568 · Real estate | <0.1% | 26,113€ | +55.2% | -5,011€ | -19.2% | 1 | 927€ |
| 91 | Emi Montenegro Development03104028 · Real estate | <0.1% | 26,051€ | -6.7% | 9,481€ | 36.4% | 1 | 715€ |
| 92 | Stefani Home03737268 · Real estate | <0.1% | 26,039€ | No filing for 2024. | 258€ | 1.0% | 2 | 1,015€ |
| 93 | Stax Residences03100189 · Real estate | <0.1% | 26,014€ | -8.7% | -8,433€ | -32.4% | 1 | 678€ |
| 94 | Egzit Plus03433358 · Real estate | <0.1% | 25,907€ | +55.2% | -16,975€ | -65.5% | 1 | 929€ |
| 95 | Montenegro Investments Management03538079 · Real estate | <0.1% | 25,512€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,038€ | 31.5% | 1 | 927€ |
| 96 | Real-Investment03366359 · Real estate | <0.1% | 25,323€ | +25.2% | -12,302€ | -48.6% | 1 | 678€ |
| 97 | Isb Investment and Engineering03455807 · Real estate | <0.1% | 24,135€ | -0.9% | 117€ | 0.5% | 1 | 676€ |
| 98 | Jara Consult03379779 · Real estate | <0.1% | 24,000€ | -84.6% | 7,660€ | 31.9% | 1 | 678€ |
| 99 | LB Agency Services03500250 · Real estate | <0.1% | 23,453€ | -94.0% | -75,687€ | -322.7% | 2 | 1,403€ |
| 100 | GPN Gradnja03327353 · Real estate | <0.1% | 23,359€ | -9.5% | 18,651€ | 79.8% | 1 | 384€ |