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 501–550 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* |
|---|
| 501 | Pupa Commerce03074706 · Pljevlja | <0.1% | 554,935€ | +297.7% | 130,069€ | 23.4% | 5 | 1,178€ |
| 502 | Burico Ing Pro02683997 · Budva | <0.1% | 552,281€ | +13.6% | 77,404€ | 14.0% | 6 | 719€ |
| 503 | MHG Dadi03182525 · Podgorica | <0.1% | 551,401€ | -65.0% | 46,205€ | 8.4% | 10 | 1,147€ |
| 504 | Monrus Investment02619059 · Budva | <0.1% | 551,331€ | -58.4% | 243€ | 0.0% | 6 | 2,106€ |
| 505 | Prosperity Investments03255093 · Cetinje | <0.1% | 550,289€ | +57.4% | 2,741€ | 0.5% | 1 | 840€ |
| 506 | S-Constructions03363317 · Cetinje | <0.1% | 546,630€ | -6.1% | 400,587€ | 73.3% | 1 | 1,242€ |
| 507 | Menadžer Montenegro02784092 · Podgorica | <0.1% | 546,236€ | +1.9% | 105,605€ | 19.3% | 1 | 768€ |
| 508 | Sol La Si03407705 · Herceg Novi | <0.1% | 545,575€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 43,182€ | 7.9% | 11 | 1,066€ |
| 509 | Presmetal-Line03066916 · Podgorica | <0.1% | 544,946€ | +54.2% | 17,000€ | 3.1% | 5 | 670€ |
| 510 | Vodo - Mont02668815 · Podgorica | <0.1% | 543,545€ | +11.2% | 141,104€ | 26.0% | 13 | 842€ |
| 511 | Nivon02656477 · Podgorica | <0.1% | 542,916€ | -30.6% | 65,389€ | 12.0% | 8 | 955€ |
| 512 | MMR Gradnja03737616 · Nikšić | <0.1% | 538,981€ | No filing for 2024. | -17,576€ | -3.3% | 17 | 657€ |
| 513 | Gea Invest02684616 · Herceg Novi | <0.1% | 537,422€ | +4,530.2% | 245,759€ | 45.7% | 4 | 547€ |
| 514 | Gomax03325849 · Podgorica | <0.1% | 535,707€ | -70.0% | 92,833€ | 17.3% | 3 | 1,109€ |
| 515 | Migrans02345501 · Herceg Novi | <0.1% | 535,584€ | +12.3% | 3,275€ | 0.6% | 6 | 659€ |
| 516 | Građevinac Company03639916 · Bijelo Polje | <0.1% | 535,256€ | +370.2% | 17,409€ | 3.3% | 24 | 764€ |
| 517 | Star Gradnja03432149 · Podgorica | <0.1% | 532,497€ | +38.3% | 11,417€ | 2.1% | 18 | 446€ |
| 518 | R Invest03169928 · Podgorica | <0.1% | 531,979€ | +245.5% | -17,287€ | -3.2% | 2 | 798€ |
| 519 | Acton02896257 · Podgorica | <0.1% | 529,715€ | -95.3% | 139,334€ | 26.3% | 9 | 1,560€ |
| 520 | Hidro-Invest03105555 · Podgorica | <0.1% | 528,521€ | +43.9% | 20,385€ | 3.9% | 12 | 1,387€ |
| 521 | Magna Invest03497852 · Herceg Novi | <0.1% | 528,202€ | -12.3% | -7,123€ | -1.3% | 1 | 1,013€ |
| 522 | Čolić - Company02274574 · Herceg Novi | <0.1% | 527,533€ | -24.9% | 221,484€ | 42.0% | 5 | 909€ |
| 523 | VDX03215067 · Tivat | <0.1% | 527,107€ | +54.1% | 21,900€ | 4.2% | 10 | 1,651€ |
| 524 | Sigma Delta Investments02646765 · Podgorica | <0.1% | 526,605€ | +7.8% | 251,277€ | 47.7% | 1 | 1,493€ |
| 525 | SN Wall03574261 · Podgorica | <0.1% | 525,972€ | +55.6% | 12,575€ | 2.4% | 5 | 2,638€ |
| 526 | Ruler03298248 · Herceg Novi | <0.1% | 522,894€ | +105.3% | 40,732€ | 7.8% | 15 | 826€ |
| 527 | Mautin Montenegro02838966 · Bar | <0.1% | 519,020€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,379€ | 5.7% | 1 | 645€ |
| 528 | MB Stroj03124410 · Pljevlja | <0.1% | 517,386€ | -11.1% | 9,595€ | 1.9% | 12 | 2,355€ |
| 529 | Modra Stijena Mne03142493 · Tivat | <0.1% | 514,378€ | +140.5% | 39,303€ | 7.6% | 4 | — |
| 530 | Vektor-Integra03116751 · Podgorica | <0.1% | 514,026€ | +1,025.3% | 47,677€ | 9.3% | 3 | 1,045€ |
| 531 | Fimar International03174743 · Ulcinj | <0.1% | 512,800€ | -48.1% | 33,020€ | 6.4% | 3 | 1,026€ |
| 532 | Beo Trio Gradnja Zeta03632415 · Bar | <0.1% | 509,234€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 119,060€ | 23.4% | 1 | 3,191€ |
| 533 | Ađi Invest02977982 · Nikšić | <0.1% | 507,532€ | +7.2% | 31,090€ | 6.1% | 7 | 1,585€ |
| 534 | Tahiraj Construction Company03502961 · Ulcinj | <0.1% | 507,224€ | +61.6% | 75,334€ | 14.9% | 16 | 967€ |
| 535 | Caković Company03080161 · Danilovgrad | <0.1% | 506,680€ | +152.7% | 26,160€ | 5.2% | 7 | 715€ |
| 536 | LPN - Ing02676036 · Bijelo Polje | <0.1% | 506,185€ | -10.7% | -62,928€ | -12.4% | 6 | 697€ |
| 537 | SNF Dekor03379850 · Bar | <0.1% | 503,031€ | +7.6% | 174,125€ | 34.6% | 16 | 656€ |
| 538 | Keramont Company03209814 · Podgorica | <0.1% | 501,251€ | +7.8% | -31,310€ | -6.2% | 3 | 1,053€ |
| 539 | Moka DN03621022 · Podgorica | <0.1% | 498,598€ | -14.0% | 36,614€ | 7.3% | 1 | 1,932€ |
| 540 | Herc Construction03314758 · Kotor | <0.1% | 497,133€ | -26.7% | -119,306€ | -24.0% | 25 | 1,040€ |
| 541 | E&R Tim Gradnja03321703 · Bar | <0.1% | 497,041€ | +115.8% | -17,601€ | -3.5% | 20 | 958€ |
| 542 | G.K.M.02799618 · Podgorica | <0.1% | 496,657€ | -31.5% | 15,035€ | 3.0% | 4 | 2,085€ |
| 543 | Azur Bazeni02787954 · Budva | <0.1% | 490,024€ | +12.4% | 39,937€ | 8.2% | 4 | 524€ |
| 544 | Simes Real Estate03719766 · Podgorica | <0.1% | 488,957€ | No filing for 2024. | 464,704€ | 95.0% | 1 | — |
| 545 | Arte Studio03451968 · Podgorica | <0.1% | 487,576€ | -7.2% | 40,446€ | 8.3% | 1 | 1,255€ |
| 546 | A To Z Group Montenegro03383431 · Bar | <0.1% | 487,396€ | +33.1% | 44,556€ | 9.1% | 12 | 1,872€ |
| 547 | Meb02636123 · Bar | <0.1% | 486,290€ | -81.2% | 32,016€ | 6.6% | 35 | — |
| 548 | Ellevin03365310 · Bijelo Polje | <0.1% | 485,813€ | +222.4% | 11,041€ | 2.3% | 5 | 582€ |
| 549 | Eagle Hills Montenegro03738973 · Podgorica | <0.1% | 484,233€ | No filing for 2024. | -1,532,541€ | -316.5% | 2 | 3,041€ |
| 550 | WTWS02673436 · Budva | <0.1% | 483,710€ | -33.7% | 16,790€ | 3.5% | 12 | 1,145€ |