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 1–50 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.
10.5% |
| 4,431,468€ |
| +54.0% |
| -14,135€ |
| -0.3% |
| 1 |
| 2,544€ |
| 3 | Stratex Management02978229 · Budva | 7.7% | 3,250,538€ | +5.5% | 259,717€ | 8.0% | 80 | 1,834€ |
| 4 | Vilamonte02431262 · Podgorica | 4.3% | 1,800,264€ | -30.8% | 65,971€ | 3.7% | 22 | 2,278€ |
| 5 | NLB Real Estate03031756 · Podgorica | 2.9% | 1,209,515€ | -40.9% | -239,139€ | -19.8% | 5 | 6,921€ |
| 6 | Refresh Services03029107 · Podgorica | 1.7% | 731,417€ | +17.8% | 136,072€ | 18.6% | 28 | 1,199€ |
| 7 | SKY Line Resort03529797 · Budva | 1.6% | 677,735€ | +27.7% | 39,703€ | 5.9% | 6 | 991€ |
| 8 | Mega Shopping Mall03647161 · Budva | 1.3% | 541,827€ | +1,147.7% | -33,979€ | -6.3% | 4 | 1,527€ |
| 9 | Kotor Nest03145301 · Kotor | 0.8% | 356,686€ | +10.1% | 42,583€ | 11.9% | 5 | 1,696€ |
| 10 | B&B Solution03295940 · Budva | 0.7% | 311,789€ | +29.1% | 20,712€ | 6.6% | 16 | 1,009€ |
| 11 | Hotel 21202954508 · Podgorica | 0.6% | 233,897€ | -4.1% | 34,364€ | 14.7% | 1 | — |
| 12 | Copy Net02697416 · Budva | 0.4% | 186,566€ | +3.3% | 1,796€ | 1.0% | 13 | 732€ |
| 13 | Montenegro Assets Management03460100 · Budva | 0.3% | 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 | — |
| 14 | Proclean System03147690 · Podgorica | 0.3% | 109,535€ | +934.4% | 13,578€ | 12.4% | 6 | 1,001€ |
| 15 | Ulazi Budve03236986 · Budva | 0.3% | 107,427€ | -2.3% | -2,595€ | -2.4% | 5 | 1,516€ |
| 16 | Nim Real Estate03256715 · Tivat | 0.2% | 92,781€ | -0.9% | 23,250€ | 25.1% | 1 | 675€ |
| 17 | Levimax03238245 · Tivat | 0.2% | 91,249€ | +12.0% | 2,229€ | 2.4% | 2 | 1,529€ |
| 18 | Magic Stars02641232 · Budva | 0.2% | 87,149€ | -2.5% | -21,412€ | -24.6% | 5 | 800€ |
| 19 | Panda Clean03525686 · Podgorica | 0.2% | 85,887€ | +71.8% | -13,373€ | -15.6% | 4 | 704€ |
| 20 | BNB Solution03547779 · Bar | 0.2% | 84,442€ | +56.9% | 5,451€ | 6.5% | 6 | 867€ |
| 21 | Akvila03109976 · Podgorica | 0.2% | 74,168€ | -57.7% | -49,430€ | -66.6% | 2 | 1,532€ |
| 22 | MN Estate03391779 · Podgorica | 0.2% | 63,240€ | 0.0% | 32,636€ | 51.6% | 1 | 451€ |
| 23 | Zastava03395766 · Kotor | 0.1% | 47,540€ | +43,514.7% | 34,099€ | 71.7% | 1 | 740€ |
| 24 | Lighthouse Plus03563448 · Budva | 0.1% | 46,069€ | +56.8% | -10,152€ | -22.0% | 4 | 811€ |
| 25 | Leea03044459 · Budva | 0.1% | 42,858€ | -11.6% | -151€ | -0.4% | 3 | 582€ |
| 26 | Soho FM03188612 · Bar | <0.1% | 37,423€ | +2.3% | -11,016€ | -29.4% | 4 | 895€ |
| 27 | Stroj Servis02638894 · Bar | <0.1% | 34,200€ | -8.1% | -8,466€ | -24.8% | 2 | 905€ |
| 28 | Rapid Consult03400573 · Tivat | <0.1% | 30,635€ | -17.4% | 13,233€ | 43.2% | 1 | 667€ |
| 29 | Ulazi Bara03187136 · Bar | <0.1% | 30,380€ | -14.3% | -5,311€ | -17.5% | 2 | 991€ |
| 30 | Ulazi Boke03487857 · Herceg Novi | <0.1% | 30,262€ | -9.1% | -129€ | -0.4% | 2 | 1,033€ |
| 31 | The House Management03496503 · Budva | <0.1% | 30,110€ | +35.7% | -2,038€ | -6.8% | 1 | 519€ |
| 32 | Fashion Beach02994003 · Kotor | <0.1% | 29,374€ | +72.1% | -2,594€ | -8.8% | 2 | 506€ |
| 33 | Cockatoo03040399 · Bar | <0.1% | 28,765€ | +30.5% | -4,045€ | -14.1% | 1 | 832€ |
| 34 | Dib Solutions03701263 · Podgorica | <0.1% | 22,902€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,715€ | 16.2% | 3 | — |
| 35 | Grad Pod Goricom03628299 · Podgorica | <0.1% | 22,753€ | +135.1% | 913€ | 4.0% | 1 | 381€ |
| 36 | Diar Invest Group03505049 · Kotor | <0.1% | 20,000€ | -1.0% | 883€ | 4.4% | 2 | 708€ |
| 37 | Tetris03700216 · Bar | <0.1% | 19,645€ | +3,829.0% | 6,910€ | 35.2% | 1 | 339€ |
| 38 | Green Village-Zeleno Selo11005608 · Kotor | <0.1% | 18,493€ | +3,598.6% | 8,760€ | 47.4% | 1 | 677€ |
| 39 | Max Maintenance03631257 · Bar | <0.1% | 18,400€ | -51.1% | -17,133€ | -93.1% | 2 | 1,341€ |
| 40 | Zeta Limited03477380 · Kotor | <0.1% | 15,672€ | +168.5% | -8,996€ | -57.4% | 1 | 1,890€ |
| 41 | Filius03460185 · Tivat | <0.1% | 14,181€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,386€ | -38.0% | 1 | 1,173€ |
| 42 | Stern Company03448711 · Budva | <0.1% | 14,145€ | +55.4% | -3,799€ | -26.9% | 2 | 670€ |
| 43 | Adriatic Business Solutions03406652 · Kotor | <0.1% | 13,766€ | -22.9% | -3,999€ | -29.0% | 1 | 608€ |
| 44 | Eagle Hill Management03543773 · Budva | <0.1% | 13,200€ | +40.4% | 585€ | 4.4% | 1 | 926€ |
| 45 | Seven Service03484858 · Budva | <0.1% | 11,545€ | +1,045.3% | 2,541€ | 22.0% | 1 | 677€ |
| 46 | Gaynor02913984 · Tivat | <0.1% | 10,540€ | -19.7% | -1,353€ | -12.8% | 1 | 883€ |
| 47 | Ulazi Grada Herceg Novog03123618 · Herceg Novi | <0.1% | 10,456€ | -5.0% | 415€ | 4.0% | 1 | 675€ |
| 48 | Tetrahedron03324575 · Kotor | <0.1% | 9,762€ | -36.8% | -7,016€ | -71.9% | 1 | 740€ |
| 49 | Nua Life03527441 · Bar | <0.1% | 9,498€ | -14.6% | -1,368€ | -14.4% | 1 | 677€ |
| 50 | Real Estate Luštica Tivat03378187 · Tivat | <0.1% | 9,000€ | +7,100.0% | -1,516€ | -16.8% | 1 | 740€ |