Revenue
137.89m€6.3× since 2015
60.0% of sector revenue
Poslovno Logistički Centar Morača1.78m€ → 1.83m€
+2.8%579 companies earned 137.89m€ in 2025, 60.0% of Real estate sector revenue. Revenue has grown 6.3× since 2015.
60.0% of sector revenue
456 with at most one employee
Largest employer: Portonovi Resort Management Company (150)
Median company -28.7% · 24% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 101–150 of 579
* 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.
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 | 21,787,739€ | 96 |
| 2016 | 21,855,192€ | 113 |
| 2017 | 31,747,558€ | 142 |
| 2018 | 27,965,481€ | 186 |
| 2019 | 29,904,652€ | 231 |
| 2020 | 36,880,060€ | 259 |
| 2021 | 48,737,793€ | 331 |
| 2022 | 134,598,434€ | 469 |
| 2023 | 120,053,953€ | 538 |
| 2024 | 136,621,734€ | 566 |
| 2025 (Preliminary) | 137,888,393€ | 579 |
The number of companies jumped most in 2022: from 331 to 469.
Employees and payroll cost per employee per month*
<0.1% |
| 115,615€ |
| -4.8% |
| -15,115€ |
| -13.1% |
| 1 |
| 565€ |
| 103 | Peštan02618273 · Kotor | <0.1% | 113,592€ | -44.4% | 16,049€ | 14.1% | 1 | 741€ |
| 104 | Ljetopis Group03782808 · Podgorica | <0.1% | 110,851€ | No filing for 2024. | 57,368€ | 51.8% | 0 | — |
| 105 | LRB Property Investments03060870 · Podgorica | <0.1% | 108,670€ | -34.2% | 20,892€ | 19.2% | 1 | — |
| 106 | Lad Mad Pad03277194 · Tivat | <0.1% | 108,405€ | +10.7% | -6,755€ | -6.2% | 6 | 579€ |
| 107 | Dinamikcom02663597 · Podgorica | <0.1% | 108,104€ | +76.6% | 39,507€ | 36.5% | 2 | 792€ |
| 108 | Safe Montenegro03551377 · Podgorica | <0.1% | 106,816€ | +4.8% | -16,741€ | -15.7% | 1 | 1,206€ |
| 109 | SF Company03459632 · Herceg Novi | <0.1% | 104,866€ | -11.3% | -260,161€ | -248.1% | 1 | 678€ |
| 110 | Bocmont03250598 · Bijelo Polje | <0.1% | 100,321€ | +3.9% | -11,344€ | -11.3% | 1 | 677€ |
| 111 | Torzo02193701 · Podgorica | <0.1% | 96,000€ | 0.0% | 5,327€ | 5.5% | 1 | 856€ |
| 112 | Jaz- Mrčevo Polje02976447 · Budva | <0.1% | 95,317€ | +10.4% | -4,085€ | -4.3% | 5 | 1,323€ |
| 113 | Doddle Investments Limited03436900 · Podgorica | <0.1% | 94,986€ | -1.8% | 18,021€ | 19.0% | 1 | 463€ |
| 114 | Kayan Assistance03242072 · Budva | <0.1% | 94,501€ | +34.1% | 66,982€ | 70.9% | 1 | 696€ |
| 115 | MN Rental Group03636909 · Kotor | <0.1% | 93,576€ | +540.2% | -2,485€ | -2.7% | 2 | 2,527€ |
| 116 | Tremcor Montenegro03176304 · Podgorica | <0.1% | 90,471€ | +2.3% | -86,255€ | -95.3% | 2 | 1,199€ |
| 117 | Vanderbilt03740889 · Zeta | <0.1% | 90,000€ | No filing for 2024. | 63,204€ | 70.2% | 1 | — |
| 118 | MN Business Technologies03363392 · Tivat | <0.1% | 89,828€ | +1,246.1% | 28,768€ | 32.0% | 1 | 677€ |
| 119 | Living TV03150976 · Tivat | <0.1% | 87,358€ | -1.5% | 3,266€ | 3.7% | 1 | 669€ |
| 120 | Euromode02982170 · Budva | <0.1% | 80,696€ | -8.1% | 5,378€ | 6.7% | 1 | 1,294€ |
| 121 | Numero Tre03639118 · Podgorica | <0.1% | 76,615€ | +9.2% | 35,704€ | 46.6% | 1 | 335€ |
| 122 | Mbb.Montenegro03727548 · Budva | <0.1% | 76,063€ | No filing for 2024. | 48,873€ | 64.3% | 1 | 1,351€ |
| 123 | Tanya Design Montenegro03233243 · Tivat | <0.1% | 75,819€ | +169.2% | -64,593€ | -85.2% | 1 | 929€ |
| 124 | Čanj Investment03186270 · Podgorica | <0.1% | 74,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -138,323€ | -185.4% | 1 | 485€ |
| 125 | Vis Investment03107884 · Podgorica | <0.1% | 74,092€ | -53.7% | -419,222€ | -565.8% | 1 | 984€ |
| 126 | Monteco Mne03466949 · Bar | <0.1% | 73,854€ | -10.9% | 645€ | 0.9% | 5 | 688€ |
| 127 | Atalay Tourim Services03466329 · Tivat | <0.1% | 72,960€ | +7,295,900.0% | 31,817€ | 43.6% | 1 | 929€ |
| 128 | Pinnacle Properties03240550 · Tivat | <0.1% | 72,606€ | +56.3% | -95,522€ | -131.6% | 1 | — |
| 129 | Orjen Shipping03006093 · Kotor | <0.1% | 72,000€ | +100.0% | -41,941€ | -58.3% | 2 | 403€ |
| 130 | JM Grand Group03093158 · Budva | <0.1% | 71,170€ | -38.2% | -7,542€ | -10.6% | 3 | 1,231€ |
| 131 | G - Invest02896788 · Podgorica | <0.1% | 70,964€ | +10.8% | -45,068€ | -63.5% | 2 | 1,706€ |
| 132 | Madusa03396690 · Podgorica | <0.1% | 69,396€ | +9.7% | 11,684€ | 16.8% | 1 | — |
| 133 | Leon Suites03278310 · Budva | <0.1% | 68,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,789€ | 37.8% | 1 | 916€ |
| 134 | Metris03368858 · Tivat | <0.1% | 66,321€ | +70.2% | -56,932€ | -85.8% | 2 | — |
| 135 | Blue Horizon03181871 · Tivat | <0.1% | 63,750€ | 0.0% | 3,991€ | 6.3% | 2 | 404€ |
| 136 | Gabriel03338134 · Tivat | <0.1% | 63,402€ | -3.2% | -14,274€ | -22.5% | 1 | 932€ |
| 137 | Elite Tourism03333531 · Tivat | <0.1% | 63,340€ | -1.2% | -21,758€ | -34.4% | 1 | 339€ |
| 138 | Viginti Diocleii03203816 · Danilovgrad | <0.1% | 61,245€ | -8.4% | 2,125€ | 3.5% | 1 | 450€ |
| 139 | North Real Estate02922975 · Pljevlja | <0.1% | 61,149€ | +31.7% | 18,350€ | 30.0% | 1 | 683€ |
| 140 | DND Invest02655071 · Budva | <0.1% | 59,350€ | -26.0% | -36,675€ | -61.8% | 5 | 701€ |
| 141 | Lunas International03411214 · Tivat | <0.1% | 59,158€ | +393.0% | -104,300€ | -176.3% | 1 | 678€ |
| 142 | Data and Media Consultancy03675831 · Podgorica | <0.1% | 55,147€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,525€ | -35.4% | 1 | 306€ |
| 143 | Synergy Development02997878 · Tivat | <0.1% | 54,523€ | -25.2% | -32,849€ | -60.2% | 2 | 615€ |
| 144 | Accounting Solutions03080358 · Podgorica | <0.1% | 54,474€ | +31.7% | 6,707€ | 12.3% | 2 | 1,561€ |
| 145 | Dzro Montenegro Holdings03151832 · Tivat | <0.1% | 52,191€ | -54.4% | -36,321€ | -69.6% | 1 | 680€ |
| 146 | Nur Property Services03230538 · Podgorica | <0.1% | 52,122€ | -3.7% | -19,813€ | -38.0% | 2 | 531€ |
| 147 | Montedreams Royal03424855 · Budva | <0.1% | 51,939€ | +42.9% | -9,160€ | -17.6% | 5 | 774€ |
| 148 | Da Vinči02456940 · Budva | <0.1% | 51,731€ | +243.1% | -15,281€ | -29.5% | 2 | 742€ |
| 149 | VSM Properties03411362 · Tivat | <0.1% | 51,457€ | -3.5% | -42,344€ | -82.3% | 1 | 1,837€ |
| 150 | Boka Bay Residences03662861 · Herceg Novi | <0.1% | 49,421€ | +620.1% | -22,527€ | -45.6% | 2 | 639€ |