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 151–200 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% |
| 48,043€ |
| +19.2% |
| 11,122€ |
| 23.2% |
| 1 |
| 338€ |
| 153 | Monte Investments03128067 · Tivat | <0.1% | 48,000€ | +25.0% | -8,103€ | -16.9% | 2 | 450€ |
| 154 | Blue-Mat-Mont02894785 · Kotor | <0.1% | 47,502€ | +83.9% | -4,914€ | -10.3% | 1 | 1,013€ |
| 155 | Solis03320952 · Podgorica | <0.1% | 46,325€ | +3.7% | 20,866€ | 45.0% | 1 | — |
| 156 | Sailor Check03138186 · Podgorica | <0.1% | 46,147€ | -34.9% | -164,119€ | -355.6% | 1 | 927€ |
| 157 | Reževići02628040 · Kotor | <0.1% | 45,996€ | +48.5% | -103,488€ | -225.0% | 1 | — |
| 158 | Juric Holdings03277917 · Tivat | <0.1% | 45,595€ | +13.4% | -4,022€ | -8.8% | 1 | 929€ |
| 159 | PM 1.2403106934 · Tivat | <0.1% | 44,786€ | -5.1% | -5,581€ | -12.5% | 1 | 680€ |
| 160 | Pure Water03324940 · Kotor | <0.1% | 44,700€ | -26.9% | 242€ | 0.5% | 1 | 880€ |
| 161 | Auguri03457567 · Tivat | <0.1% | 44,504€ | -50.5% | -34,494€ | -77.5% | 4 | 740€ |
| 162 | Giare03148882 · Bar | <0.1% | 43,588€ | +27.2% | -29,384€ | -67.4% | 3 | 840€ |
| 163 | Blackbird Management03376591 · Cetinje | <0.1% | 43,485€ | +79.9% | 5,910€ | 13.6% | 1 | 1,268€ |
| 164 | Montenegro Moments03454606 · Tivat | <0.1% | 43,305€ | -6.3% | -69,826€ | -161.2% | 3 | 917€ |
| 165 | L’ Acces International Investments03106322 · Tivat | <0.1% | 42,211€ | -52.8% | -243,927€ | -577.9% | 4 | 759€ |
| 166 | Ferienanlage Luhmann/Riesenberg/ Sander-Beuermann02867656 · Herceg Novi | <0.1% | 41,882€ | +16.3% | -8,255€ | -19.7% | 1 | 925€ |
| 167 | Boka Rock03325997 · Herceg Novi | <0.1% | 41,581€ | +15.2% | -13,807€ | -33.2% | 1 | 852€ |
| 168 | Chromax03106098 · Tivat | <0.1% | 41,059€ | +106.4% | -4,775€ | -11.6% | 1 | 713€ |
| 169 | Tolland Enterprises Limited03367177 · Tivat | <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€ |
| 170 | Duet K.O.03131106 · Budva | <0.1% | 40,363€ | +10.0% | 10,100€ | 25.0% | 1 | 678€ |
| 171 | Fidelity Invest03271501 · Tivat | <0.1% | 39,724€ | +3.5% | -12,498€ | -31.5% | 1 | 680€ |
| 172 | Ddob03376141 · Berane | <0.1% | 39,301€ | -0.0% | 2,749€ | 7.0% | 2 | 1,370€ |
| 173 | Home For You03204197 · Budva | <0.1% | 38,927€ | -53.9% | -45,881€ | -117.9% | 4 | 990€ |
| 174 | Favorit Invest03457958 · Tivat | <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€ |
| 175 | Formatura03274969 · Tivat | <0.1% | 38,202€ | -19.1% | -21,582€ | -56.5% | 1 | 929€ |
| 176 | Rent Point03711048 · Budva | <0.1% | 37,350€ | No filing for 2024. | 830€ | 2.2% | 2 | 467€ |
| 177 | LB Investment03212637 · Tivat | <0.1% | 36,615€ | +59.3% | -17,440€ | -47.6% | 1 | — |
| 178 | MP-Teh02958988 · Budva | <0.1% | 36,000€ | +33.3% | 19,893€ | 55.3% | 1 | 667€ |
| 179 | Olive Stonehouse03736555 · Herceg Novi | <0.1% | 35,566€ | No filing for 2024. | 4,216€ | 11.9% | 1 | 757€ |
| 180 | Montenegro Asset Management03161455 · Podgorica | <0.1% | 35,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,024€ | -14.4% | 2 | 1,114€ |
| 181 | Forbe Company03509419 · Tivat | <0.1% | 34,711€ | +7.7% | 11,812€ | 34.0% | 1 | 1,428€ |
| 182 | MNG Build03489973 · Budva | <0.1% | 34,709€ | +71.7% | 10,386€ | 29.9% | 3 | 391€ |
| 183 | Dana Invest03195317 · Tivat | <0.1% | 34,697€ | -9.4% | -15,946€ | -46.0% | 1 | 678€ |
| 184 | Bazis Montenegro02726181 · Budva | <0.1% | 34,600€ | -16.1% | 3,578€ | 10.3% | 2 | 853€ |
| 185 | Standard Group Montenegro03207862 · Podgorica | <0.1% | 34,535€ | +1,393.7% | -13,696€ | -39.7% | 1 | — |
| 186 | Jugodrvo-Holding02643359 · Herceg Novi | <0.1% | 34,282€ | +4.1% | -208€ | -0.6% | 4 | 480€ |
| 187 | MNM Investments03286525 · Herceg Novi | <0.1% | 34,020€ | +227.1% | 18,208€ | 53.5% | 1 | 678€ |
| 188 | Una-Invest03675548 · Podgorica | <0.1% | 33,408€ | +104.0% | 9,167€ | 27.4% | 1 | — |
| 189 | LĐ Company03461173 · Podgorica | <0.1% | 32,792€ | 0.0% | 10,003€ | 30.5% | 1 | 339€ |
| 190 | Albi Real Estate03375846 · Tivat | <0.1% | 32,052€ | -33.8% | -28,887€ | -90.1% | 1 | 681€ |
| 191 | Ivana Bay03564266 · Podgorica | <0.1% | 31,625€ | -0.0% | -48,597€ | -153.7% | 1 | — |
| 192 | One Seven03357163 · Podgorica | <0.1% | 30,651€ | +125.3% | 250€ | 0.8% | 1 | 675€ |
| 193 | Ib Invest03104141 | <0.1% | 30,525€ | -88.7% | -18,465€ | -60.5% | 1 | 555€ |
| 194 | M&M Invest03461084 · Podgorica | <0.1% | 30,250€ | 0.0% | -47,850€ | -158.2% | 1 | — |
| 195 | Mirodar03209377 · Tivat | <0.1% | 30,129€ | -25.4% | -21,938€ | -72.8% | 1 | 984€ |
| 196 | Sineva02806304 · Tivat | <0.1% | 30,091€ | +73.9% | -15,997€ | -53.2% | 1 | 923€ |
| 197 | Mediteran Properties Budva03618803 · Budva | <0.1% | 29,870€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,871€ | -9.6% | 1 | 1,583€ |
| 198 | D&M Bay03564614 · Podgorica | <0.1% | 29,850€ | 0.0% | 8,240€ | 27.6% | 1 | 339€ |
| 199 | Amarilo Re03620883 · Podgorica | <0.1% | 29,841€ | -51.7% | -3,918€ | -13.1% | 2 | 643€ |
| 200 | Old World Ventures03312232 · Tivat | <0.1% | 29,632€ | -87.9% | -9,733€ | -32.8% | 1 | 680€ |