Revenue
11.7% of sector revenue
333 companies earned 26.81m€ in 2025, 11.7% of Real estate sector revenue. Revenue has grown 2.1× since 2015.
11.7% of sector revenue
261 with at most one employee
Largest employer: Lidl Crna Gora (10)
Median company -63.1% · 14% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 101–150 of 333
* 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 →
Profit excludes 2 filings with an implausible profit.
Totals include 2 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 12,854,489€ | 174 |
| 2016 | 13,310,401€ | 169 |
| 2017 | 24,979,254€ | 186 |
| 2018 | 17,082,481€ | 218 |
| 2019 | 10,378,758€ | 239 |
| 2020 | 7,172,405€ | 249 |
| 2021 | 12,219,249€ | 260 |
| 2022 | 22,132,879€ | 284 |
| 2023 | 27,946,198€ | 307 |
| 2024 | 22,842,700€ | 333 |
| 2025 (Preliminary) | 26,811,206€ | 333 |
<0.1% |
| 6,525€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -5,902€ |
| -90.5% |
| 1 |
| 923€ |
| 103 | MG Global Investment and Consultancy03504107 · Podgorica | <0.1% | 6,034€ | -73.5% | -135,813€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 1,123€ |
| 104 | Youness Real Estate International03135535 · Podgorica | <0.1% | 5,565€ | +2,144.0% | -38,018€ | -683.2% | 1 | 677€ |
| 105 | Modern Living Montenegro03455114 · Ulcinj | <0.1% | 5,249€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,250€ | -100.0% | 1 | 678€ |
| 106 | Lizaveta S03228207 · Herceg Novi | <0.1% | 5,120€ | +341.4% | -3,557€ | -69.5% | 1 | 680€ |
| 107 | Adria Bau02905230 · Bar | <0.1% | 5,003€ | -89.4% | -31,551€ | -630.6% | 1 | 677€ |
| 108 | Sea Residence02919842 · Podgorica | <0.1% | 4,183€ | +192.9% | -19,494€ | -466.0% | 2 | 882€ |
| 109 | Innovative Real Investments03239969 · Podgorica | <0.1% | 4,088€ | -0.3% | -3,645€ | -89.2% | 1 | — |
| 110 | Vgaa Trade02627582 · Budva | <0.1% | 4,029€ | -25.7% | 1,781€ | 44.2% | 1 | — |
| 111 | Ponente Bijela02773597 · Herceg Novi | <0.1% | 4,026€ | +15.0% | -65€ | -1.6% | 1 | 339€ |
| 112 | Criteria03536645 · Budva | <0.1% | 3,820€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,603€ | -120.5% | 1 | 675€ |
| 113 | Belmont02468964 · Budva | <0.1% | 3,778€ | -61.2% | -22,656€ | -599.7% | 1 | 675€ |
| 114 | Anekretnine02993554 · Podgorica | <0.1% | 3,379€ | -5.9% | -2,328,315€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 115 | Budva Marina03480119 · Herceg Novi | <0.1% | 3,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,985€ | -280.8% | 1 | 927€ |
| 116 | Da Silva Lining03283291 · Tivat | <0.1% | 3,031€ | -93.3% | -54,124€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 679€ |
| 117 | Temerso02687895 · Herceg Novi | <0.1% | 2,897€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,093€ | -244.8% | 1 | 339€ |
| 118 | Avgusto03544290 · Herceg Novi | <0.1% | 2,741€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,508€ | -200.9% | 1 | 678€ |
| 119 | Milonjino03123561 · Podgorica | <0.1% | 2,644€ | +97.2% | -127,111€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | 1,247€ |
| 120 | Edelweiss Properties03276716 · Tivat | <0.1% | 2,200€ | -8.3% | -30,781€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 353€ |
| 121 | Mola Investments03607542 · Podgorica | <0.1% | 2,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,366€ | -653.0% | 1 | 864€ |
| 122 | Fabijo03475867 · Ulcinj | <0.1% | 2,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,601€ | -380.1% | 1 | 678€ |
| 123 | Falcon Holding02718278 · Podgorica | <0.1% | 1,621€ | -87.7% | -563,959€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 8,225€ |
| 124 | Vega Trading and Tourism03150518 · Podgorica | <0.1% | 1,255€ | +24.3% | -15,428€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 996€ |
| 125 | Iss03355381 · Budva | <0.1% | 959€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,735€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 925€ |
| 126 | Hazleton Montenegro Inc03273601 · Podgorica | <0.1% | 822€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,501€ | -304.3% | 1 | — |
| 127 | Jakobi03562450 · Podgorica | <0.1% | 645€ | -83.5% | -11,680€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 128 | Gumista02938839 · Bar | <0.1% | 644€ | -98.8% | -126,585€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 377€ |
| 129 | WG White Generation03387089 · Podgorica | <0.1% | 574€ | +28,600.0% | -27,255€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 130 | Mirišta Properties02687011 · Podgorica | <0.1% | 483€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,915€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 131 | Fga Holding03673715 · Cetinje | <0.1% | 402€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 35€ | 8.7% | 1 | — |
| 132 | Investamont02626683 · Herceg Novi | <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€ |
| 133 | Royal Investment Montenegro03390071 · Podgorica | <0.1% | 101€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,935€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 134 | First Real Estate Management 203154424 · Podgorica | <0.1% | 89€ | -96.8% | -173,042€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 135 | Tridens03257304 · Budva | <0.1% | 71€ | -98.9% | -10,793€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 670€ |
| 136 | Zist Inc02678136 · Podgorica | <0.1% | 38€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,644€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 137 | Vlavin Real Estate B.V. - Holandija02712024 · Herceg Novi | <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 | — |
| 138 | Navi Real Estate03447936 · Tivat | <0.1% | 32€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,628€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 139 | Help - Montenegro02457121 · Budva | <0.1% | 10€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,647€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 672€ |
| 140 | B&JL Services03739686 · Podgorica | <0.1% | 2€ | No filing for 2024. | -14,350€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 884€ |
| 141 | Stablo02623340 · Budva | <0.1% | 2€ | -100.0% | -15,976€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 142 | Addax02630753 · Budva | <0.1% | 2€ | -100.0% | -40,931€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 709€ |
| 143 | A-Y Montenegro02941899 · Podgorica | <0.1% | 1€ | 0.0% | -21,610€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 144 | Blizi Invest Company02445280 · Budva | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,990€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 621€ |
| 145 | Development Solutions03642275 · Podgorica | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,061€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 925€ |
| 146 | Dobar Sat02678063 · Herceg Novi | <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€ |
| 147 | Horizon Hills03768406 · Budva | <0.1% | 1€ | No filing for 2024. | -14,339€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 643€ |
| 148 | Symrna Re03659925 · Podgorica | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -27,817€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 725€ |
| 149 | Vega Property03151026 · Podgorica | <0.1% | 1€ | -100.0% | -66,898€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 150 | Abc Development03396088 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,977€ | — | 1 | 929€ |