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 701–750 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* |
|---|
| 701 | Tehnonet03265366 · Podgorica | <0.1% | 322,110€ | +8.3% | 65,070€ | 20.2% | 2 | 1,383€ |
| 702 | Elmos02042720 · Budva | <0.1% | 321,689€ | +5.7% | -135,351€ | -42.1% | 6 | 1,466€ |
| 703 | S-Baucentar03512886 · Plav | <0.1% | 321,509€ | +19.5% | 51,842€ | 16.1% | 2 | 917€ |
| 704 | Eko-Solar02339692 · Podgorica | <0.1% | 319,287€ | +32.1% | 5,459€ | 1.7% | 1 | — |
| 705 | Monument Real Estate03577538 · Herceg Novi | <0.1% | 318,188€ | -37.2% | 90,205€ | 28.3% | 1 | 6,690€ |
| 706 | Hidro DM03789306 · Pljevlja | <0.1% | 318,097€ | No filing for 2024. | 92,328€ | 29.0% | 0 | — |
| 707 | El Tok02629674 · Podgorica | <0.1% | 317,262€ | +3.4% | 16,717€ | 5.3% | 9 | 921€ |
| 708 | Jale03635317 · Podgorica | <0.1% | 316,995€ | +114.1% | -31,992€ | -10.1% | 3 | 1,317€ |
| 709 | Arhimont02976994 · Nikšić | <0.1% | 316,846€ | -7.4% | 24,097€ | 7.6% | 5 | 557€ |
| 710 | Akvanaut02427362 · Podgorica | <0.1% | 316,703€ | +116.1% | 73,166€ | 23.1% | 1 | 9,110€ |
| 711 | Kalex Bar03640981 · Bar | <0.1% | 314,143€ | +202.0% | 8,115€ | 2.6% | 3 | 3,797€ |
| 712 | Arikon Construction Industry and Investment Co03397998 · Podgorica | <0.1% | 313,899€ | +21.4% | -4,043€ | -1.3% | 2 | 858€ |
| 713 | Vodamont Vraneš03127397 · Tivat | <0.1% | 313,536€ | +78.9% | 6,023€ | 1.9% | 3 | 1,271€ |
| 714 | Or Invest03327663 · Podgorica | <0.1% | 313,189€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,885€ | 5.1% | 1 | 531€ |
| 715 | BFT Montenegro03334759 · Bar | <0.1% | 312,425€ | +22.3% | 70,921€ | 22.7% | 2 | 537€ |
| 716 | Design and Building03070875 · Podgorica | <0.1% | 311,861€ | +17.3% | 184,093€ | 59.0% | 1 | 460€ |
| 717 | Obras Aztecas Montenegro03745902 · Mojkovac | <0.1% | 311,517€ | No filing for 2024. | 5,036€ | 1.6% | 14 | 1,266€ |
| 718 | VV Elektro03318702 · Podgorica | <0.1% | 311,049€ | -10.6% | 24,082€ | 7.7% | 4 | 1,273€ |
| 719 | Diamond02364484 · Nikšić | <0.1% | 310,843€ | +10.0% | 3,240€ | 1.0% | 8 | 1,265€ |
| 720 | Detoprojekt03421848 · Nikšić | <0.1% | 309,668€ | +48.1% | 2,070€ | 0.7% | 7 | 1,224€ |
| 721 | Geotehna Drill03567940 · Podgorica | <0.1% | 309,598€ | +72.4% | -1,773€ | -0.6% | 1 | 1,508€ |
| 722 | Montego NK03065553 · Nikšić | <0.1% | 309,123€ | -9.7% | 9,597€ | 3.1% | 3 | 1,151€ |
| 723 | Fini-Gradex02971496 · Podgorica | <0.1% | 308,898€ | -30.2% | 8,565€ | 2.8% | 8 | 1,251€ |
| 724 | Ar-Ing03113981 · Budva | <0.1% | 308,281€ | -64.2% | -15,565€ | -5.0% | 2 | 1,487€ |
| 725 | Bbliv Coop03395227 · Nikšić | <0.1% | 307,742€ | +39.3% | 11,082€ | 3.6% | 1 | 1,476€ |
| 726 | Buli Mne03677265 · Ulcinj | <0.1% | 307,720€ | +38.8% | 47,541€ | 15.4% | 6 | 804€ |
| 727 | CK Group Investment03390373 · Podgorica | <0.1% | 307,027€ | +32.4% | -16,493€ | -5.4% | 2 | 689€ |
| 728 | Ground Engineering02721619 · Nikšić | <0.1% | 306,493€ | +19.2% | 126,242€ | 41.2% | 8 | 1,136€ |
| 729 | Hidroizolacije K&S03425193 · Bar | <0.1% | 305,691€ | +39.7% | 31,719€ | 10.4% | 5 | 430€ |
| 730 | Zilpo02141787 · Podgorica | <0.1% | 305,590€ | +31.3% | 62,468€ | 20.4% | 3 | 661€ |
| 731 | Progress Invest03290735 · Bar | <0.1% | 305,051€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -48,422€ | -15.9% | 1 | 2,514€ |
| 732 | Kabir Lux Group03716465 · Podgorica | <0.1% | 304,430€ | +919.0% | 492€ | 0.2% | 5 | 2,206€ |
| 733 | Kop Group03179796 · Kolašin | <0.1% | 304,425€ | +13.7% | 11,639€ | 3.8% | 3 | 892€ |
| 734 | Home Decoration03369927 · Podgorica | <0.1% | 303,024€ | +84.1% | 59,384€ | 19.6% | 4 | 696€ |
| 735 | Corvida03320570 · Podgorica | <0.1% | 300,868€ | -0.7% | 36,009€ | 12.0% | 4 | 1,702€ |
| 736 | Druškan02936623 · Nikšić | <0.1% | 300,824€ | +12.5% | 22,673€ | 7.5% | 8 | 817€ |
| 737 | Ades Group03668231 · Podgorica | <0.1% | 300,229€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 84,181€ | 28.0% | 6 | 2,248€ |
| 738 | Premier Moskov Mne03069265 · Budva | <0.1% | 299,401€ | -63.9% | 51,387€ | 17.2% | 7 | 1,256€ |
| 739 | Futura Technology03359468 · Podgorica | <0.1% | 299,065€ | +25.8% | 4,991€ | 1.7% | 1 | 6,444€ |
| 740 | Blue Investments02769336 · Tivat | <0.1% | 298,754€ | -98.6% | -263,234€ | -88.1% | 2 | 6,855€ |
| 741 | Poolsolutions03163318 · Kotor | <0.1% | 298,539€ | -28.4% | 19,763€ | 6.6% | 5 | 565€ |
| 742 | Mont Finiš02969912 · Tivat | <0.1% | 298,245€ | +86.1% | 6,154€ | 2.1% | 4 | 1,025€ |
| 743 | VKM Solution Crna Gora03336905 · Danilovgrad | <0.1% | 297,469€ | +87.6% | 58,639€ | 19.7% | 3 | 1,361€ |
| 744 | Hidro M.G.03305171 · Podgorica | <0.1% | 297,090€ | +198.8% | 2,010€ | 0.7% | 3 | 526€ |
| 745 | Soft Line Group02755696 · Bijelo Polje | <0.1% | 296,602€ | -11.5% | 11,153€ | 3.8% | 5 | 783€ |
| 746 | Stajić Company03714420 · Herceg Novi | <0.1% | 295,907€ | +2,004.6% | 6,061€ | 2.0% | 5 | 583€ |
| 747 | Rove Invest03326578 · Tivat | <0.1% | 294,593€ | +123.3% | 110,502€ | 37.5% | 5 | 802€ |
| 748 | Abco Group03243109 · Ulcinj | <0.1% | 294,564€ | +371.0% | -273,202€ | -92.7% | 6 | 598€ |
| 749 | Capital Construction03114805 · Podgorica | <0.1% | 293,307€ | +208.7% | 239,725€ | 81.7% | 3 | — |
| 750 | DMD Project Montenegro03219534 · Berane | <0.1% | 292,953€ | -19.2% | -22,144€ | -7.6% | 5 | 1,123€ |