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 651–700 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* |
|---|
| 651 | Sulo Construction03770419 · Ulcinj | <0.1% | 363,757€ | No filing for 2024. | 13,843€ | 3.8% | 6 | 1,251€ |
| 652 | Konstrukcije Mont Gradnja03489868 · Podgorica | <0.1% | 363,537€ | -67.2% | 90,121€ | 24.8% | 1 | 2,152€ |
| 653 | Invest - V02663023 · Tivat | <0.1% | 362,204€ | +2,659.0% | 14,611€ | 4.0% | 3 | 686€ |
| 654 | Mofast02974860 · Podgorica | <0.1% | 361,846€ | +98.8% | 51,797€ | 14.3% | 8 | 625€ |
| 655 | Eurus House02854325 · Budva | <0.1% | 359,354€ | +7.5% | 8,426€ | 2.3% | 6 | 1,020€ |
| 656 | Voda - Projekti02963582 · Podgorica | <0.1% | 359,237€ | -13.3% | 12,034€ | 3.3% | 7 | 1,031€ |
| 657 | Master X03687953 · Bar | <0.1% | 356,398€ | +710.4% | -56,229€ | -15.8% | 8 | 717€ |
| 658 | Vena03567362 · Podgorica | <0.1% | 354,031€ | +84.1% | 12,061€ | 3.4% | 3 | — |
| 659 | Potrlica02109417 · Pljevlja | <0.1% | 353,398€ | +23.6% | 9,410€ | 2.7% | 8 | 1,138€ |
| 660 | Id Concept02818914 · Budva | <0.1% | 352,282€ | +134.6% | 143,025€ | 40.6% | 2 | 679€ |
| 661 | NHN - Company02730227 · Podgorica | <0.1% | 350,619€ | -26.8% | -47,227€ | -13.5% | 13 | 711€ |
| 662 | Confidence03238512 · Budva | <0.1% | 350,531€ | -48.8% | 39,120€ | 11.2% | 5 | 2,372€ |
| 663 | Ok Kevin Gradnja03322602 · Bar | <0.1% | 348,187€ | -20.6% | 9,075€ | 2.6% | 7 | 757€ |
| 664 | Dragutinović Art03083969 · Tivat | <0.1% | 347,836€ | +194.5% | 6,362€ | 1.8% | 4 | 923€ |
| 665 | Krivokapić Invest02415976 · Cetinje | <0.1% | 346,742€ | -48.1% | 7,724€ | 2.2% | 2 | 1,400€ |
| 666 | Vemis03006310 · Podgorica | <0.1% | 345,804€ | +48.8% | 34,293€ | 9.9% | 1 | 378€ |
| 667 | Anagastum Invest Group03006786 · Nikšić | <0.1% | 345,248€ | -1.5% | 201,796€ | 58.4% | 2 | 1,548€ |
| 668 | Neimar Kop03343707 · Bar | <0.1% | 343,680€ | +43.2% | 84,363€ | 24.5% | 3 | 677€ |
| 669 | PMC - Invest02266792 · Tivat | <0.1% | 343,523€ | +6.7% | 35,408€ | 10.3% | 1 | 2,738€ |
| 670 | Rocc Rand - M & V02406241 · Nikšić | <0.1% | 343,095€ | -13.8% | -129,920€ | -37.9% | 5 | 3,013€ |
| 671 | Oltes Lift03310329 · Podgorica | <0.1% | 340,767€ | +1.7% | 8,469€ | 2.5% | 3 | 1,030€ |
| 672 | Z&S03642364 · Podgorica | <0.1% | 340,630€ | +116.4% | 51,921€ | 15.2% | 5 | 887€ |
| 673 | Fass Company02683067 · Podgorica | <0.1% | 339,636€ | -17.1% | 6,174€ | 1.8% | 7 | 812€ |
| 674 | Agalliu03124665 · Tivat | <0.1% | 338,983€ | +18.1% | 10,620€ | 3.1% | 4 | 1,359€ |
| 675 | Mont-Appel02328585 · Cetinje | <0.1% | 338,879€ | -50.0% | 71,818€ | 21.2% | 7 | 479€ |
| 676 | A&A Murić Company03245721 · Podgorica | <0.1% | 337,465€ | +165.3% | 26,768€ | 7.9% | 7 | 899€ |
| 677 | QH Invest03743144 · Bar | <0.1% | 335,564€ | No filing for 2024. | -35,339€ | -10.5% | 3 | 8,601€ |
| 678 | Nurkan03298388 · Rožaje | <0.1% | 335,133€ | +94.1% | 52,166€ | 15.6% | 5 | 995€ |
| 679 | Ip Invest02958872 · Tivat | <0.1% | 332,914€ | -48.1% | 122,934€ | 36.9% | 1 | 1,518€ |
| 680 | Veda Inženjering02386186 · Podgorica | <0.1% | 332,302€ | -0.8% | 9,803€ | 3.0% | 8 | 1,685€ |
| 681 | Hidrovod03172970 · Podgorica | <0.1% | 332,146€ | +29.4% | 118,217€ | 35.6% | 5 | 1,514€ |
| 682 | NG Sistem03245489 · Nikšić | <0.1% | 331,983€ | +38.7% | 6,340€ | 1.9% | 7 | 966€ |
| 683 | Danpe Commerce02107155 · Herceg Novi | <0.1% | 331,774€ | -45.1% | 3,015€ | 0.9% | 8 | 1,186€ |
| 684 | LMK Sistem03640833 · Podgorica | <0.1% | 330,787€ | +155.1% | 47,581€ | 14.4% | 5 | 949€ |
| 685 | Ćeman Construction03426025 · Bar | <0.1% | 330,460€ | +102.5% | -79,641€ | -24.1% | 5 | 606€ |
| 686 | Lux Coridori03692833 · Podgorica | <0.1% | 330,275€ | +916.2% | -11,612€ | -3.5% | 3 | 786€ |
| 687 | VM Inženjering02878348 · Bar | <0.1% | 327,584€ | -68.8% | 143,767€ | 43.9% | 3 | 583€ |
| 688 | Bajrović02429551 · Bar | <0.1% | 327,121€ | +1.6% | 54,286€ | 16.6% | 2 | 1,729€ |
| 689 | Master Angeli03492109 · Tivat | <0.1% | 326,306€ | -69.6% | -33,960€ | -10.4% | 16 | 912€ |
| 690 | Estrich Group03632865 · Bijelo Polje | <0.1% | 326,213€ | +1,072.2% | -13,076€ | -4.0% | 17 | 1,309€ |
| 691 | Garden Group03747832 · Podgorica | <0.1% | 325,933€ | No filing for 2024. | 64,933€ | 19.9% | 0 | — |
| 692 | Pim Izolacija03261891 · Nikšić | <0.1% | 325,563€ | +2.1% | 32,584€ | 10.0% | 4 | 1,051€ |
| 693 | Budva Steel02860104 · Budva | <0.1% | 324,960€ | -0.4% | 57,039€ | 17.6% | 2 | 3,281€ |
| 694 | BS Construction Building03393003 · Podgorica | <0.1% | 324,947€ | +21.8% | 3,646€ | 1.1% | 2 | 824€ |
| 695 | Dat Elektro Sistem03221563 · Podgorica | <0.1% | 324,458€ | +2.3% | 3,774€ | 1.2% | 2 | 508€ |
| 696 | Urban Construction03482618 · Podgorica | <0.1% | 324,239€ | +15.2% | -8,347€ | -2.6% | 1 | 2,264€ |
| 697 | Grading Mont02849178 · Podgorica | <0.1% | 323,519€ | +664.1% | 21,386€ | 6.6% | 3 | 659€ |
| 698 | Smi Group03174794 · Budva | <0.1% | 323,492€ | +19.5% | 13,469€ | 4.2% | 9 | 759€ |
| 699 | Uniplan03208745 · Bijelo Polje | <0.1% | 323,362€ | +0.3% | 91,811€ | 28.4% | 5 | 1,348€ |
| 700 | Elektro Kojo03277968 · Podgorica | <0.1% | 322,960€ | +72.3% | 60,287€ | 18.7% | 7 | 776€ |