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 851–900 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* |
|---|
| 851 | Nele S Company03243079 · Bijelo Polje | <0.1% | 237,703€ | +195.6% | 13,498€ | 5.7% | 6 | 1,172€ |
| 852 | Jak Grad03685411 | <0.1% | 237,011€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,486€ | 4.8% | 3 | 309€ |
| 853 | Monre02621177 · Bar | <0.1% | 237,000€ | +1,161.3% | -115,819€ | -48.9% | 3 | 1,469€ |
| 854 | Anakvadratconstruction03737624 · Podgorica | <0.1% | 236,007€ | No filing for 2024. | 195,976€ | 83.0% | 2 | 599€ |
| 855 | Home Energy03279758 · Podgorica | <0.1% | 235,550€ | +73.1% | 11,100€ | 4.7% | 3 | 800€ |
| 856 | Bajz&Fase03239322 · Bijelo Polje | <0.1% | 235,325€ | +69.8% | 54,523€ | 23.2% | 5 | 903€ |
| 857 | Lim Tim Zečević03079058 · Nikšić | <0.1% | 235,210€ | +3.3% | 36,918€ | 15.7% | 3 | 745€ |
| 858 | Bolt Electro03194833 · Budva | <0.1% | 235,196€ | +269.7% | 107,193€ | 45.6% | 3 | 810€ |
| 859 | Perišić - Parket02658178 · Tivat | <0.1% | 234,471€ | +12.2% | 8,741€ | 3.7% | 3 | 935€ |
| 860 | Ansev03646742 · Podgorica | <0.1% | 234,170€ | +64.8% | 14,172€ | 6.1% | 2 | 7,186€ |
| 861 | Vjetar03578887 · Podgorica | <0.1% | 233,984€ | +1,369.4% | 76,748€ | 32.8% | 2 | 1,024€ |
| 862 | Nova Development Company03306275 · Budva | <0.1% | 232,985€ | +36,823.1% | -77,548€ | -33.3% | 1 | 1,341€ |
| 863 | Valm 503671348 · Podgorica | <0.1% | 232,391€ | +22.2% | 26,110€ | 11.2% | 1 | 8,433€ |
| 864 | Kivaja International03708861 · Berane | <0.1% | 231,578€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 12,516€ | 5.4% | 10 | 750€ |
| 865 | Širbegović CG03151972 · Podgorica | <0.1% | 231,306€ | -42.8% | 1,398€ | 0.6% | 1 | 3,321€ |
| 866 | Volteco02977427 · Ulcinj | <0.1% | 231,250€ | +140.4% | 20,285€ | 8.8% | 10 | 678€ |
| 867 | Ledio Company03302474 · Tivat | <0.1% | 230,960€ | +80.8% | 32,600€ | 14.1% | 2 | 2,626€ |
| 868 | Delić Group03323412 · Podgorica | <0.1% | 230,575€ | +93.8% | 60,833€ | 26.4% | 4 | 843€ |
| 869 | Jakšić Gradnja03063062 · Tivat | <0.1% | 230,025€ | -27.0% | 402€ | 0.2% | 8 | 653€ |
| 870 | Edel Sport03373436 · Nikšić | <0.1% | 229,476€ | -47.4% | 9,479€ | 4.1% | 2 | 1,462€ |
| 871 | Novatic03507645 · Podgorica | <0.1% | 229,288€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,231€ | 2.7% | 1 | 2,410€ |
| 872 | Thore Trans-Cop02642425 · Ulcinj | <0.1% | 228,324€ | +55.0% | 20,435€ | 9.0% | 3 | 1,165€ |
| 873 | DL-2403684261 · Pljevlja | <0.1% | 228,074€ | +92.7% | 32,369€ | 14.2% | 4 | 724€ |
| 874 | M&N Gips Enterijeri03296628 · Danilovgrad | <0.1% | 227,693€ | +43.2% | 40,415€ | 17.7% | 5 | 1,140€ |
| 875 | Studio Project02914484 · Podgorica | <0.1% | 227,268€ | +25.7% | 15,460€ | 6.8% | 8 | 865€ |
| 876 | Electro -Pioneer02699311 · Podgorica | <0.1% | 226,897€ | +31.7% | 39,046€ | 17.2% | 2 | 1,017€ |
| 877 | Titulum03125408 · Budva | <0.1% | 226,540€ | +856.1% | -78,747€ | -34.8% | 6 | 1,055€ |
| 878 | PMTR03208796 · Podgorica | <0.1% | 226,453€ | +378.6% | -1,138,583€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 14 | — |
| 879 | Prostor Plus MN03008223 · Budva | <0.1% | 226,012€ | -18.0% | 3,077€ | 1.4% | 2 | 4,920€ |
| 880 | Mont-Inženjering02633973 · Podgorica | <0.1% | 225,860€ | +36.0% | 32,651€ | 14.5% | 1 | 2,400€ |
| 881 | Divana Group03616851 · Ulcinj | <0.1% | 224,855€ | +81.4% | 15,326€ | 6.8% | 1 | 865€ |
| 882 | Invest Lab03111237 · Bar | <0.1% | 224,625€ | +410.4% | 85,170€ | 37.9% | 3 | 1,213€ |
| 883 | The House Project03291421 · Budva | <0.1% | 224,340€ | +167.1% | 81,097€ | 36.1% | 1 | 2,488€ |
| 884 | Bokatim02463105 · Herceg Novi | <0.1% | 224,069€ | +74.1% | 3,957€ | 1.8% | 9 | 737€ |
| 885 | Strong Stone03230317 · Nikšić | <0.1% | 224,027€ | -17.9% | -4,152€ | -1.9% | 7 | 573€ |
| 886 | Radojičić Company02629585 · Herceg Novi | <0.1% | 223,458€ | +73.1% | 2,395€ | 1.1% | 2 | 677€ |
| 887 | DB Grupa03624242 · Zeta | <0.1% | 223,249€ | +384.6% | 2,896€ | 1.3% | 3 | 566€ |
| 888 | Krovogradnja BP03021831 · Bijelo Polje | <0.1% | 223,100€ | +116.2% | 3,401€ | 1.5% | 6 | 582€ |
| 889 | Vik Sistem03363562 · Podgorica | <0.1% | 222,408€ | +48.1% | 103,946€ | 46.7% | 2 | 540€ |
| 890 | Hestia Invest03003574 · Budva | <0.1% | 220,587€ | +70.4% | -37,825€ | -17.1% | 5 | 534€ |
| 891 | LD Water03315355 · Podgorica | <0.1% | 220,578€ | +16.8% | 6,372€ | 2.9% | 5 | 680€ |
| 892 | DMW03074285 · Podgorica | <0.1% | 219,871€ | +3.9% | -676€ | -0.3% | 2 | 421€ |
| 893 | Miljanić Trade03690539 · Tivat | <0.1% | 219,503€ | +710.9% | 81,366€ | 37.1% | 2 | 1,001€ |
| 894 | Nibag02782146 · Nikšić | <0.1% | 219,501€ | -4.6% | 30,358€ | 13.8% | 5 | 686€ |
| 895 | Đokić Group02376393 · Bar | <0.1% | 219,306€ | +2.6% | 22,918€ | 10.5% | 6 | 584€ |
| 896 | Tehnoput - Mne02943620 · Podgorica | <0.1% | 218,857€ | -44.1% | -15,176€ | -6.9% | 2 | 1,213€ |
| 897 | Geo Montenegro03633764 · Tivat | <0.1% | 218,173€ | -26.3% | 18,589€ | 8.5% | 2 | 677€ |
| 898 | LZ Project03372243 · Podgorica | <0.1% | 217,579€ | +6,827.1% | 55,837€ | 25.7% | 1 | 925€ |
| 899 | BBR Sistemi03125173 · Herceg Novi | <0.1% | 217,370€ | -41.5% | -49,439€ | -22.7% | 3 | 1,365€ |
| 900 | Ccec Investments03148718 · Kotor | <0.1% | 216,577€ | +679.5% | 160,561€ | 74.1% | 1 | 677€ |