Revenue
1.3% of Montenegro's revenue
1,642 companies earned 229.77m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 18 sectors by revenue. Revenue has grown 4.8× since 2015.
1.3% of Montenegro's revenue
1,221 with at most one employee
Largest employer: Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore (240)
Total profit: 9.88m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 47,981,640€ | 589 |
| 2016 | 56,737,606€ | 589 |
| 2017 | 69,589,820€ | 642 |
| 2018 | 60,030,655€ | 759 |
| 2019 | 62,816,032€ | 885 |
| 2020 | 62,442,623€ | 943 |
| 2021 | 96,671,654€ | 1,060 |
| 2022 | 184,811,376€ | 1,327 |
| 2023 | 193,544,494€ | 1,508 |
| 2024 | 193,806,032€ | 1,631 |
| 2025 (Preliminary) | 229,773,419€ | 1,642 |
The number of companies jumped most in 2022: from 1,060 to 1,327.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 151–200 of 1,642
* 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 3 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 151 | Maris Re03103820 · Tivat | <0.1% | 150,173€ | -5.2% | -34,360€ | -22.9% | 1 | 339€ |
| 152 | An Investments03573664 · Tivat | <0.1% | 149,273€ | +217.6% | 98,447€ | 66.0% | 1 | 674€ |
| 153 | Adria Investment03240142 · Tuzi | <0.1% | 149,224€ | +149.3% | 20,918€ | 14.0% | 1 | 912€ |
| 154 | Roots Development03014410 · Podgorica | <0.1% | 149,153€ | +17.4% | 11,986€ | 8.0% | 1 | — |
| 155 | Star Properties Montenegro02638576 · Budva | <0.1% | 148,565€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,563€ | -15.2% | 1 | 680€ |
| 156 | Nick & Mark03194884 · Ulcinj | <0.1% | 146,955€ | +8.8% | 8,305€ | 5.7% | 5 | — |
| 157 | Union Plus03458113 · Tivat | <0.1% | 143,296€ | +487.0% | -104,270€ | -72.8% | 1 | 929€ |
| 158 | Resido Montenegro02786605 · Tivat | <0.1% | 142,288€ | -54.4% | 8,312€ | 5.8% | 4 | 981€ |
| 159 | Otrantkomerc02006731 · Podgorica | <0.1% | 140,801€ | +18.3% | -122,620€ | -87.1% | 9 | 890€ |
| 160 | MNR Capital03362094 · Tivat | <0.1% | 139,236€ | +77.1% | 91,719€ | 65.9% | 1 | 987€ |
| 161 | Nekretnine Nikšić03291537 · Nikšić | <0.1% | 139,229€ | -8.3% | 51,463€ | 37.0% | 3 | 546€ |
| 162 | Andrap03149633 · Tivat | <0.1% | 138,935€ | +3.8% | -80,818€ | -58.2% | 1 | 681€ |
| 163 | Agro-Bell03393950 · Tivat | <0.1% | 138,297€ | +2.6% | 35,157€ | 25.4% | 1 | 674€ |
| 164 | TQM03466710 · Herceg Novi | <0.1% | 136,990€ | +341.6% | 30,114€ | 22.0% | 2 | 1,052€ |
| 165 | Patrimonium03472914 · Podgorica | <0.1% | 134,504€ | +2,590.1% | 19,841€ | 14.8% | 2 | — |
| 166 | Mayor Investments03065987 · Podgorica | <0.1% | 134,327€ | +0.1% | 75,248€ | 56.0% | 1 | 1,271€ |
| 167 | Vertikal Mont03396177 · Budva | <0.1% | 131,052€ | -1.5% | -59,441€ | -45.4% | 3 | 810€ |
| 168 | Ready Live Faster03263991 · Podgorica | <0.1% | 130,001€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 103,185€ | 79.4% | 1 | 1,103€ |
| 169 | V.I.D.02858037 · Budva | <0.1% | 128,656€ | -9.9% | 64,361€ | 50.0% | 1 | 1,111€ |
| 170 | Mihmat03507262 · Podgorica | <0.1% | 128,222€ | +327.4% | 47,931€ | 37.4% | 1 | 2,365€ |
| 171 | Montenegro Assets Management03460100 · Budva | <0.1% | 125,974€ | -88.9% | -1,047,953€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |
| 172 | Black Cherry03202631 · Tivat | <0.1% | 125,895€ | +1.9% | -376€ | -0.3% | 1 | 880€ |
| 173 | Mediterraneo02843650 · Ulcinj | <0.1% | 124,912€ | +68.8% | 8,728€ | 7.0% | 2 | 394€ |
| 174 | White Homes Real Estate03489477 · Podgorica | <0.1% | 123,522€ | +34.5% | 24,290€ | 19.7% | 3 | 970€ |
| 175 | PM 1.2203031667 · Tivat | <0.1% | 120,138€ | +2.3% | 13,055€ | 10.9% | 1 | 680€ |
| 176 | Viola HB03664660 · Budva | <0.1% | 118,702€ | +384.3% | 17,447€ | 14.7% | 3 | 869€ |
| 177 | Montenegro Property Development03441776 · Podgorica | <0.1% | 118,493€ | +361.4% | 47,621€ | 40.2% | 4 | 1,063€ |
| 178 | DTM Mne03353419 · Podgorica | <0.1% | 117,992€ | -62.2% | 68,201€ | 57.8% | 1 | 1,598€ |
| 179 | Montenegro Property Group03446573 · Herceg Novi | <0.1% | 117,349€ | -15.8% | 6,087€ | 5.2% | 1 | 1,190€ |
| 180 | Agencija za Gazdovanje Gradskom Lukom Herceg Novi02910179 · Herceg Novi | <0.1% | 116,033€ | +9.6% | -10,241€ | -8.8% | 6 | 1,353€ |
| 181 | PM 1.2503106926 · Tivat | <0.1% | 115,615€ | -4.8% | -15,115€ | -13.1% | 1 | 565€ |
| 182 | Peštan02618273 · Kotor | <0.1% | 113,592€ | -44.4% | 16,049€ | 14.1% | 1 | 741€ |
| 183 | Rational Group03230546 · Podgorica | <0.1% | 113,540€ | +17.1% | -24,335€ | -21.4% | 4 | 708€ |
| 184 | Mbroker03615189 · Tivat | <0.1% | 112,062€ | +5.2% | -11,675€ | -10.4% | 2 | 875€ |
| 185 | Pearl Remax03185613 · Podgorica | <0.1% | 111,822€ | +1.8% | -525€ | -0.5% | 1 | 1,050€ |
| 186 | Ljetopis Group03782808 · Podgorica | <0.1% | 110,851€ | No filing for 2024. | 57,368€ | 51.8% | 0 | — |
| 187 | Areateam03339327 · Podgorica | <0.1% | 109,561€ | +74.0% | 7,171€ | 6.5% | 2 | 1,784€ |
| 188 | Proclean System03147690 · Podgorica | <0.1% | 109,535€ | +934.4% | 13,578€ | 12.4% | 6 | 1,001€ |
| 189 | LRB Property Investments03060870 · Podgorica | <0.1% | 108,670€ | -34.2% | 20,892€ | 19.2% | 1 | — |
| 190 | Lad Mad Pad03277194 · Tivat | <0.1% | 108,405€ | +10.7% | -6,755€ | -6.2% | 6 | 579€ |
| 191 | Ars Intertrade03438686 · Tivat | <0.1% | 108,400€ | +202.4% | 30,780€ | 28.4% | 7 | 613€ |
| 192 | Dinamikcom02663597 · Podgorica | <0.1% | 108,104€ | +76.6% | 39,507€ | 36.5% | 2 | 792€ |
| 193 | Duki Komerc02371421 · Budva | <0.1% | 107,821€ | +24.8% | 3,255€ | 3.0% | 5 | 808€ |
| 194 | New Territory02464993 · Tivat | <0.1% | 107,651€ | -32.8% | -24,780€ | -23.0% | 3 | 2,060€ |
| 195 | Ulazi Budve03236986 · Budva | <0.1% | 107,427€ | -2.3% | -2,595€ | -2.4% | 5 | 1,516€ |
| 196 | Red Feniks Montenegro02808048 · Budva | <0.1% | 106,975€ | -30.6% | 10,660€ | 10.0% | 5 | 525€ |
| 197 | Safe Montenegro03551377 · Podgorica | <0.1% | 106,816€ | +4.8% | -16,741€ | -15.7% | 1 | 1,206€ |
| 198 | Tivavilla03479463 · Tivat | <0.1% | 105,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,383€ | -2.3% | 1 | — |
| 199 | SF Company03459632 · Herceg Novi | <0.1% | 104,866€ | -11.3% | -260,161€ | -248.1% | 1 | 678€ |
| 200 | Bocmont03250598 · Bijelo Polje | <0.1% | 100,321€ | +3.9% | -11,344€ | -11.3% | 1 | 677€ |