Revenue
11.6% of Montenegro's revenue
4,334 companies earned 2.05b€ in 2025, 11.6% of all company revenue in Montenegro. It ranks 2 of 18 sectors by revenue. Revenue has grown 3.0× since 2015.
11.6% of Montenegro's revenue
2,341 with at most one employee
Largest employer: Željeznička Infrastruktura Crne Gore (811)
Total profit: 163.65m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 677,439,325€ | 1,641 |
| 2016 | 905,260,212€ | 1,760 |
| 2017 | 1,196,306,945€ | 1,945 |
| 2018 | 1,342,766,653€ | 2,268 |
| 2019 | 1,390,789,883€ | 2,537 |
| 2020 | 1,081,359,540€ | 2,816 |
| 2021 | 997,933,633€ | 3,037 |
| 2022 | 1,192,418,157€ | 3,322 |
| 2023 | 1,368,713,477€ | 3,726 |
| 2024 | 1,600,039,161€ | 4,110 |
| 2025 (Preliminary) | 2,053,113,034€ | 4,334 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 451–500 of 4,334
* 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 →
Totals include 30 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 451 | Izomont M03018393 · Podgorica | <0.1% | 656,694€ | +2.6% | 97,093€ | 14.8% | 4 | 991€ |
| 452 | V Projekt02231395 · Nikšić | <0.1% | 651,781€ | +9.4% | 22,162€ | 3.4% | 11 | 1,054€ |
| 453 | Sun Invest03063461 · Budva | <0.1% | 643,124€ | +206.6% | 76,506€ | 11.9% | 3 | 1,483€ |
| 454 | Termomont03669572 · Podgorica | <0.1% | 639,580€ | +20,645.4% | 51,520€ | 8.1% | 1 | 451€ |
| 455 | Rock&Invest Mne03311180 · Nikšić | <0.1% | 639,081€ | +38.2% | 69,148€ | 10.8% | 6 | 2,720€ |
| 456 | Erde02412110 · Budva | <0.1% | 637,403€ | -35.1% | -39,388€ | -6.2% | 20 | 656€ |
| 457 | HRF02371898 · Bijelo Polje | <0.1% | 633,128€ | +44.5% | 5,665€ | 0.9% | 20 | 755€ |
| 458 | MG Luxury Management & Propertys03333604 · Podgorica | <0.1% | 630,456€ | -63.3% | 138,165€ | 21.9% | 3 | 1,273€ |
| 459 | Graal02447223 · Podgorica | <0.1% | 629,246€ | -28.3% | 14,648€ | 2.3% | 3 | 723€ |
| 460 | Izoterm02209721 · Bar | <0.1% | 627,965€ | +143.3% | 42,180€ | 6.7% | 5 | 1,556€ |
| 461 | Ogradni Sistemi Miva03525805 · Budva | <0.1% | 626,829€ | +43.5% | 56,812€ | 9.1% | 1 | 10,894€ |
| 462 | Tehnoterm03111695 · Podgorica | <0.1% | 623,559€ | +64.4% | 39,987€ | 6.4% | 9 | 1,357€ |
| 463 | Freejack02815311 · Tivat | <0.1% | 621,646€ | -12.8% | 15,819€ | 2.5% | 6 | 2,974€ |
| 464 | Vitreum Montenegro02714531 · Podgorica | <0.1% | 616,582€ | -48.5% | 35,841€ | 5.8% | 14 | 1,622€ |
| 465 | Stem Gradnja03071278 · Podgorica | <0.1% | 614,645€ | +362.4% | 134,869€ | 21.9% | 1 | — |
| 466 | Sistem Group Construction02749114 · Podgorica | <0.1% | 614,573€ | -2.4% | -83,818€ | -13.6% | 9 | 746€ |
| 467 | Terming-Danilovgrad03484327 · Danilovgrad | <0.1% | 610,641€ | +61.0% | 4,499€ | 0.7% | 5 | 794€ |
| 468 | Žig Trans03140679 · Budva | <0.1% | 609,566€ | +15.6% | 109,586€ | 18.0% | 4 | 2,577€ |
| 469 | Bibezić Group03310566 · Bar | <0.1% | 608,120€ | -3.3% | -1,693€ | -0.3% | 10 | 1,069€ |
| 470 | Priap LTD03141420 · Budva | <0.1% | 607,280€ | -24.0% | -4,574€ | -0.8% | 2 | 1,064€ |
| 471 | Marmi-Jović02341492 · Tivat | <0.1% | 605,397€ | +27.7% | 44,918€ | 7.4% | 11 | 973€ |
| 472 | Megamontenegro02815940 · Cetinje | <0.1% | 602,451€ | -7.6% | 102,227€ | 17.0% | 3 | 1,019€ |
| 473 | Monolit Enterijer03100529 · Podgorica | <0.1% | 600,314€ | -7.6% | 3,792€ | 0.6% | 10 | 1,132€ |
| 474 | Adria Invest02335425 · Budva | <0.1% | 597,850€ | -47.1% | 17,658€ | 3.0% | 28 | 1,217€ |
| 475 | Aquamont02679469 · Herceg Novi | <0.1% | 594,378€ | -27.3% | -691,481€ | -116.3% | 18 | 2,428€ |
| 476 | Simax Mne03391736 · Budva | <0.1% | 593,810€ | -1.3% | 94,556€ | 15.9% | 4 | 4,036€ |
| 477 | Yorka Gradnja03638588 · Podgorica | <0.1% | 592,777€ | +217.3% | 20,140€ | 3.4% | 12 | 2,003€ |
| 478 | Pasa Insaat03569420 · Podgorica | <0.1% | 591,853€ | +137.5% | -145,590€ | -24.6% | 22 | 838€ |
| 479 | DP Monte02845563 · Bar | <0.1% | 591,488€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 262,084€ | 44.3% | 1 | 932€ |
| 480 | Ugc03324630 · Bar | <0.1% | 590,659€ | +285.7% | 47,914€ | 8.1% | 9 | 1,528€ |
| 481 | Weber Construction02974894 · Podgorica | <0.1% | 589,801€ | +6.5% | -27,999€ | -4.7% | 4 | 1,016€ |
| 482 | Akgun Company03616258 · Podgorica | <0.1% | 587,315€ | +7.2% | 14,130€ | 2.4% | 10 | 1,493€ |
| 483 | Art-Grad03119084 · Budva | <0.1% | 585,061€ | -5.1% | 11,659€ | 2.0% | 4 | 1,183€ |
| 484 | Sarž Trade02333791 · Budva | <0.1% | 584,494€ | +227.5% | 106,804€ | 18.3% | 2 | 1,472€ |
| 485 | Plan Gradnja03069028 · Podgorica | <0.1% | 582,547€ | +10.5% | 6,802€ | 1.2% | 5 | 2,372€ |
| 486 | Viktor - Invest02637898 · Budva | <0.1% | 579,592€ | +539.6% | 216,432€ | 37.3% | 1 | 1,150€ |
| 487 | BK Vajs03087549 · Herceg Novi | <0.1% | 579,045€ | +11.8% | 84,853€ | 14.7% | 14 | 917€ |
| 488 | Termodom02422204 · Podgorica | <0.1% | 575,249€ | -25.8% | 29,415€ | 5.1% | 6 | 977€ |
| 489 | Moto Frigo Vujović02632616 · Podgorica | <0.1% | 574,117€ | -1.8% | 159,935€ | 27.9% | 11 | 750€ |
| 490 | BWT Invest03408043 · Herceg Novi | <0.1% | 571,216€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 105,451€ | 18.5% | 1 | 675€ |
| 491 | Eurogradnja Mne03598250 · Danilovgrad | <0.1% | 569,469€ | +38.8% | 90,874€ | 16.0% | 10 | 1,324€ |
| 492 | Toškovići02345471 · Podgorica | <0.1% | 567,361€ | +30.0% | 127,901€ | 22.5% | 5 | 1,181€ |
| 493 | Svemir Plus03420426 · Podgorica | <0.1% | 565,968€ | +28.6% | 10,228€ | 1.8% | 3 | 1,237€ |
| 494 | Soho Suites03084671 · Bar | <0.1% | 565,957€ | -14.9% | 10,948€ | 1.9% | 8 | 656€ |
| 495 | Rakom03194256 · Podgorica | <0.1% | 565,651€ | +44.0% | 6,721€ | 1.2% | 7 | 723€ |
| 496 | Ivicom Consulting02998050 · Podgorica | <0.1% | 564,699€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 346,814€ | 61.4% | 3 | 1,079€ |
| 497 | Romulus Partners03127311 · Podgorica | <0.1% | 560,251€ | +59.4% | -95,101€ | -17.0% | 5 | 1,440€ |
| 498 | Iron Group03276236 · Podgorica | <0.1% | 559,265€ | -25.1% | 185,153€ | 33.1% | 4 | 3,548€ |
| 499 | Vodoinstalater Akvaplus03214869 · Danilovgrad | <0.1% | 558,959€ | +197.5% | 12,735€ | 2.3% | 4 | 587€ |
| 500 | Pro Imel02769808 · Podgorica | <0.1% | 558,564€ | -69.0% | 12,195€ | 2.2% | 10 | 872€ |