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 751–800 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* |
|---|
| 751 | Božović Plus02447860 · Budva | <0.1% | 292,319€ | +554.1% | 2,840€ | 1.0% | 4 | 1,076€ |
| 752 | Radon Corporation03180549 · Podgorica | <0.1% | 291,196€ | -39.9% | 13,924€ | 4.8% | 4 | 1,295€ |
| 753 | Bayko Group03669696 · Podgorica | <0.1% | 291,120€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,862€ | 2.0% | 1 | 840€ |
| 754 | Torrente03122352 · Cetinje | <0.1% | 289,545€ | -15.8% | 97,305€ | 33.6% | 1 | 1,605€ |
| 755 | Grading Mont Invest03207374 · Budva | <0.1% | 289,542€ | +41.4% | 32,224€ | 11.1% | 4 | 723€ |
| 756 | Relja Company02760363 · Bar | <0.1% | 289,057€ | +3.2% | 9,281€ | 3.2% | 16 | 693€ |
| 757 | Horizon Real Estate Management and Trade03218937 · Tivat | <0.1% | 288,155€ | -25.7% | 12,265€ | 4.3% | 1 | 1,014€ |
| 758 | Earth Movers03388662 · Podgorica | <0.1% | 287,695€ | +68.8% | 50,954€ | 17.7% | 4 | 696€ |
| 759 | Unico Gradnja03534553 · Podgorica | <0.1% | 286,945€ | +97.6% | 4,582€ | 1.6% | 5 | 777€ |
| 760 | Tehno Kop Kovačević03065308 · Žabljak | <0.1% | 286,598€ | +64.9% | 31,263€ | 10.9% | 5 | 570€ |
| 761 | Superior02219832 · Herceg Novi | <0.1% | 286,573€ | +440.1% | 14,743€ | 5.1% | 8 | 541€ |
| 762 | Aren Montenegro03223922 · Budva | <0.1% | 286,364€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 142,681€ | 49.8% | 4 | 623€ |
| 763 | Model Slovenia Invest03188841 · Ulcinj | <0.1% | 285,947€ | +409.8% | 30,372€ | 10.6% | 2 | 1,529€ |
| 764 | R - 200002900050 · Bar | <0.1% | 285,704€ | +62.1% | 1,398€ | 0.5% | 3 | 740€ |
| 765 | Wat Inženjering03320537 · Bar | <0.1% | 284,583€ | +38.8% | 81,884€ | 28.8% | 5 | 395€ |
| 766 | Gramil03109305 · Herceg Novi | <0.1% | 284,544€ | +1.2% | 9,216€ | 3.2% | 4 | 512€ |
| 767 | Elektro-Čučković02698650 · Kotor | <0.1% | 283,952€ | +13.1% | 23,632€ | 8.3% | 4 | 1,503€ |
| 768 | Total Petrol02732726 · Podgorica | <0.1% | 283,779€ | +101.0% | 114,326€ | 40.3% | 7 | 1,250€ |
| 769 | Wortek02971887 · Podgorica | <0.1% | 283,655€ | +202.4% | 3,426€ | 1.2% | 7 | 757€ |
| 770 | TM Invest03322432 · Podgorica | <0.1% | 283,434€ | +4.2% | 36,550€ | 12.9% | 7 | 1,489€ |
| 771 | Rovokop02734478 · Nikšić | <0.1% | 283,425€ | -3.0% | 22,752€ | 8.0% | 3 | 1,031€ |
| 772 | Goša Transs02433249 · Podgorica | <0.1% | 282,992€ | +33.5% | 20,523€ | 7.3% | 3 | 864€ |
| 773 | Finish Group03241025 · Budva | <0.1% | 282,726€ | +4.8% | 28,690€ | 10.1% | 4 | 554€ |
| 774 | NS Elektronix02622548 · Bar | <0.1% | 282,719€ | +8.3% | 9,754€ | 3.5% | 4 | 731€ |
| 775 | Demix Construction03307816 · Podgorica | <0.1% | 282,057€ | -11.0% | 34,135€ | 12.1% | 4 | 1,495€ |
| 776 | Edak Construction03245292 · Budva | <0.1% | 281,986€ | -54.4% | 10,261€ | 3.6% | 2 | 928€ |
| 777 | Likrad02122782 · Podgorica | <0.1% | 280,103€ | +38.3% | 2,003€ | 0.7% | 5 | 1,084€ |
| 778 | Adria Transport02857316 · Herceg Novi | <0.1% | 279,398€ | +7.9% | 98,866€ | 35.4% | 7 | 617€ |
| 779 | Sigma Company02691779 · Herceg Novi | <0.1% | 279,379€ | -14.7% | 802€ | 0.3% | 8 | 598€ |
| 780 | Jani Enterijer03289087 · Podgorica | <0.1% | 279,108€ | +12.7% | 10,592€ | 3.8% | 7 | 1,069€ |
| 781 | Omega Inženjering02865491 · Bar | <0.1% | 278,931€ | +34.4% | -8,065€ | -2.9% | 6 | 576€ |
| 782 | Trio Eloksir02922487 · Berane | <0.1% | 278,744€ | +26.6% | 5,384€ | 1.9% | 6 | 552€ |
| 783 | Viktor Gradnja03089622 · Pljevlja | <0.1% | 278,620€ | +103.2% | 1,335€ | 0.5% | 4 | 490€ |
| 784 | Gravel02671794 · Podgorica | <0.1% | 277,758€ | +92.6% | 79,413€ | 28.6% | 4 | 907€ |
| 785 | Monterra Development02917858 · Budva | <0.1% | 277,247€ | +321.2% | 43,346€ | 15.6% | 1 | 339€ |
| 786 | Alfa Gradnja02861518 · Podgorica | <0.1% | 277,107€ | +21.4% | 8,849€ | 3.2% | 10 | 2,104€ |
| 787 | Samcee03254992 | <0.1% | 277,050€ | +8.2% | 10,683€ | 3.9% | 2 | 535€ |
| 788 | Mic02882612 · Budva | <0.1% | 276,637€ | +1,312.1% | 45,945€ | 16.6% | 2 | 339€ |
| 789 | Besser03275663 · Podgorica | <0.1% | 275,737€ | +82.9% | 3,708€ | 1.3% | 1 | 570€ |
| 790 | Građevinsko Preduzeće Bihor02781387 · Petnjica | <0.1% | 275,227€ | +18.5% | -21,122€ | -7.7% | 7 | 750€ |
| 791 | Jordan & R03312895 · Tivat | <0.1% | 274,978€ | +4.4% | -10,600€ | -3.9% | 5 | 677€ |
| 792 | Lux Enterijeri02664453 · Podgorica | <0.1% | 273,674€ | -17.8% | 20,350€ | 7.4% | 4 | 813€ |
| 793 | Pero Projekt02292181 · Podgorica | <0.1% | 270,970€ | +176.4% | 136,906€ | 50.5% | 3 | 2,046€ |
| 794 | Ava Project03202542 · Podgorica | <0.1% | 270,386€ | +60.4% | 4,101€ | 1.5% | 5 | 872€ |
| 795 | Mep Team03218350 · Podgorica | <0.1% | 270,020€ | +10.1% | 96,725€ | 35.8% | 7 | 1,674€ |
| 796 | MH Gradnja03201198 · Rožaje | <0.1% | 269,766€ | -47.2% | 31,069€ | 11.5% | 12 | — |
| 797 | Next Level03397840 · Ulcinj | <0.1% | 268,309€ | +46.8% | 1,766€ | 0.7% | 9 | 630€ |
| 798 | Šćekić Trade03595889 · Podgorica | <0.1% | 265,049€ | +253.6% | 87,022€ | 32.8% | 3 | 998€ |
| 799 | Minas Inžinjering03590631 · Budva | <0.1% | 264,430€ | -29.1% | -80,457€ | -30.4% | 9 | 2,303€ |
| 800 | Hidroteh03656080 · Pljevlja | <0.1% | 263,430€ | +264.8% | 23,459€ | 8.9% | 6 | 828€ |