Revenue
18.3% of sector revenue
131 companies earned 42.08m€ in 2025, 18.3% of Real estate sector revenue. Revenue has grown 7.1× since 2015.
18.3% of sector revenue
92 with at most one employee
Largest employer: Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore (240)
Not shown: one company carries more than half of the profit or loss
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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–100 of 131
* 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 1 filings with an implausible profit.
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
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 | 5,953,013€ | 33 |
| 2016 | 6,288,475€ | 33 |
| 2017 | 6,328,118€ | 39 |
| 2018 | 7,582,070€ | 48 |
| 2019 | 14,308,131€ | 60 |
| 2020 | 12,983,005€ | 66 |
| 2021 | 14,324,865€ | 80 |
| 2022 | 10,158,885€ | 102 |
| 2023 | 23,857,250€ | 125 |
| 2024 | 15,279,624€ | 127 |
| 2025 (Preliminary) | 42,080,671€ | 131 |
The number of companies jumped most in 2022: from 80 to 102.
<0.1% |
| 8,347€ |
| +1.5% |
| -1,480€ |
| -17.7% |
| 1 |
| 480€ |
| 53 | RSK02659107 · Budva | <0.1% | 7,563€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,774€ | -76.3% | 2 | 419€ |
| 54 | Our Place In the Sun03279545 · Herceg Novi | <0.1% | 7,211€ | +168.9% | -3,188€ | -44.2% | 2 | 353€ |
| 55 | Key2montenegro02655730 · Herceg Novi | <0.1% | 6,789€ | -60.3% | -8,888€ | -130.9% | 2 | 496€ |
| 56 | Prolab03289842 · Tivat | <0.1% | 6,198€ | -17.9% | -28,530€ | -460.3% | 1 | 678€ |
| 57 | Akvila Mar03192636 · Kotor | <0.1% | 6,122€ | +34.8% | -151€ | -2.5% | 1 | 450€ |
| 58 | German Standard Property's03757684 · Bar | <0.1% | 5,900€ | No filing for 2024. | 815€ | 13.8% | 1 | 341€ |
| 59 | Premium Express03351955 · Bar | <0.1% | 5,092€ | +20.9% | -55€ | -1.1% | 1 | — |
| 60 | Kepler03332004 · Bar | <0.1% | 5,027€ | -2.2% | 1,055€ | 21.0% | 1 | 314€ |
| 61 | Brimstone03269167 · Tivat | <0.1% | 4,507€ | +12.0% | -5,769€ | -128.0% | 1 | 677€ |
| 62 | Aralia03164683 · Herceg Novi | <0.1% | 4,300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,338€ | -217.2% | 2 | — |
| 63 | MBK Jadranka03734013 · Herceg Novi | <0.1% | 4,001€ | No filing for 2024. | -5,240€ | -131.0% | 1 | 586€ |
| 64 | MM Unico03490785 | <0.1% | 2,940€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,565€ | -291.3% | 1 | 931€ |
| 65 | Skyline Resort CG03733009 · Budva | <0.1% | 2,360€ | No filing for 2024. | -5,156€ | -218.5% | 1 | 394€ |
| 66 | SMD Invest03734471 · Budva | <0.1% | 2,347€ | No filing for 2024. | -2,679€ | -114.1% | 1 | — |
| 67 | Seagullnest03445674 · Bar | <0.1% | 2,090€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,777€ | -324.3% | 1 | 670€ |
| 68 | Green Team Mne03785513 · Podgorica | <0.1% | 2,050€ | No filing for 2024. | -6,076€ | -296.4% | 2 | — |
| 69 | Tormido03510735 · Kotor | <0.1% | 1,950€ | -43.3% | -7,951€ | -407.7% | 1 | 739€ |
| 70 | MGT Property Management03244687 · Tivat | <0.1% | 1,774€ | +77.4% | -2,094€ | -118.0% | 1 | 310€ |
| 71 | Home Management Montenegro03785157 · Tivat | <0.1% | 1,761€ | No filing for 2024. | 239€ | 13.6% | 1 | — |
| 72 | Tka Developments03549275 · Podgorica | <0.1% | 1,303€ | +130,200.0% | -74,309€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,551€ |
| 73 | S.R. Estates03187225 · Podgorica | <0.1% | 940€ | -95.9% | -14,697€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 74 | VMT Invest03439895 · Tivat | <0.1% | 900€ | -78.6% | -3,789€ | -421.0% | 1 | — |
| 75 | Formidable03757668 · Podgorica | <0.1% | 280€ | No filing for 2024. | -6,587€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 629€ |
| 76 | Jib Investments - Investing Company03542939 · Podgorica | <0.1% | 88€ | +35.4% | -11,201€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 77 | CG Projekt03236633 · Cetinje | <0.1% | 50€ | +455.6% | -36,056€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 1,279€ |
| 78 | Vrgroup03533115 · Tivat | <0.1% | 29€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,368€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 926€ |
| 79 | Šumsko Selo02720680 · Kotor | <0.1% | 7€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,334€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 394€ |
| 80 | A38 Construction and Real Estate Development03670635 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,955€ | — | 1 | 394€ |
| 81 | Bana Maintenance03795721 · Budva | 0.0% | 0€ | No filing for 2024. | -212€ | — | 1 | — |
| 82 | Castro Holding03508684 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,193€ | — | 1 | 678€ |
| 83 | Code Essentials03012034 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,225€ | — | 1 | 684€ |
| 84 | Apex Property Management03800202 · Kotor | 0.0% | 0€ | No filing for 2024. | -1,220€ | — | 1 | — |
| 85 | Arcis03467864 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,838€ | — | 1 | 678€ |
| 86 | Ashkin Estate Montenegro03500519 · Budva | 0.0% | 0€ | -100.0% | -12,134€ | — | 1 | 927€ |
| 87 | Be Calm03433668 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,700€ | — | 1 | — |
| 88 | Bim-Property03385736 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 89 | Binbrook03062619 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,279€ | — | 1 | 600€ |
| 90 | Dimelina03467821 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,804€ | — | 1 | 678€ |
| 91 | Domcity03750086 · Tivat | 0.0% | 0€ | No filing for 2024. | -2,234€ | — | 1 | — |
| 92 | Kruna Investment03183238 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,062€ | — | 1 | 338€ |
| 93 | Kux Company03487997 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,750€ | — | 2 | — |
| 94 | Moj Zamak03458270 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,888€ | — | 2 | 333€ |
| 95 | Monteville Real Estate03170616 · Budva | 0.0% | 0€ | -100.0% | -15,314€ | — | 2 | 615€ |
| 96 | Montewhitemik03610616 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 97 | PM 1.402954494 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,922€ | — | 1 | 678€ |
| 98 | Sibo02866242 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,036€ | — | 1 | 677€ |
| 99 | Star Inc03508820 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 100 | Transparent Investments03214281 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,190€ | — | 1 | 928€ |