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 1051–1100 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* |
|---|
| 1051 | Bogi Commerce02457326 · Budva | <0.1% | 158,812€ | -67.5% | 15,751€ | 9.9% | 4 | 663€ |
| 1052 | Stanex Group03172856 · Tuzi | <0.1% | 158,793€ | -10.2% | 8,899€ | 5.6% | 2 | 1,048€ |
| 1053 | Smart Invest Mne03409198 · Danilovgrad | <0.1% | 158,535€ | -66.6% | 4,375€ | 2.8% | 8 | 899€ |
| 1054 | KS Gradnja03581462 · Podgorica | <0.1% | 158,452€ | -54.9% | 1,662€ | 1.0% | 4 | 1,748€ |
| 1055 | Bak Gradnja03673928 · Podgorica | <0.1% | 157,680€ | +650.9% | 30,072€ | 19.1% | 2 | 830€ |
| 1056 | Monart Construction03469336 · Bijelo Polje | <0.1% | 157,360€ | +111.3% | -5,227€ | -3.3% | 1 | 451€ |
| 1057 | Ing02723301 · Podgorica | <0.1% | 156,864€ | -25.9% | -6,600€ | -4.2% | 1 | 1,134€ |
| 1058 | Savana Acquisition Mountain Black Investment Capital03293939 · Podgorica | <0.1% | 156,768€ | -62.6% | -1,133,894€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |
| 1059 | Hidro Euro Standard03336280 · Tuzi | <0.1% | 156,425€ | +21.5% | 2,212€ | 1.4% | 4 | 2,053€ |
| 1060 | Hidrocom02882876 · Podgorica | <0.1% | 156,335€ | +90.7% | 3,667€ | 2.3% | 3 | 745€ |
| 1061 | Zito Co02445131 · Bijelo Polje | <0.1% | 156,226€ | -32.0% | 6,556€ | 4.2% | 5 | 687€ |
| 1062 | Regips HM Co02466511 · Bijelo Polje | <0.1% | 156,210€ | +179.6% | 16,163€ | 10.3% | 4 | 660€ |
| 1063 | Pro Gips03471047 · Ulcinj | <0.1% | 156,060€ | +131.0% | 11,279€ | 7.2% | 2 | 1,053€ |
| 1064 | Horizont Invest02770709 · Budva | <0.1% | 156,011€ | +128.8% | -220,297€ | -141.2% | 15 | 758€ |
| 1065 | Kepenek Group03351718 · Budva | <0.1% | 156,000€ | +4.0% | 36,434€ | 23.4% | 3 | 583€ |
| 1066 | Piper Invest03239039 · Podgorica | <0.1% | 155,713€ | -78.1% | 28,542€ | 18.3% | 3 | 982€ |
| 1067 | M Work03085511 · Tivat | <0.1% | 155,664€ | +8.4% | 34,351€ | 22.1% | 2 | 628€ |
| 1068 | Greding Gradnja03177971 · Bijelo Polje | <0.1% | 155,603€ | +31.0% | 13,583€ | 8.7% | 11 | 747€ |
| 1069 | Vatrostalna02021366 · Podgorica | <0.1% | 155,600€ | +19.0% | -266,741€ | -171.4% | 8 | 1,636€ |
| 1070 | Filmar Elektro03307514 · Nikšić | <0.1% | 155,086€ | +43.4% | 18,271€ | 11.8% | 9 | 926€ |
| 1071 | Mitel03692850 · Nikšić | <0.1% | 155,077€ | +1,345.3% | 51,483€ | 33.2% | 2 | 1,984€ |
| 1072 | MV Pools03672425 · Herceg Novi | <0.1% | 155,018€ | +645.8% | 1,964€ | 1.3% | 1 | 460€ |
| 1073 | Elita Group02642409 · Ulcinj | <0.1% | 155,001€ | +42.9% | 11,311€ | 7.3% | 11 | 698€ |
| 1074 | Gold Coin Invest03596869 · Herceg Novi | <0.1% | 154,979€ | -55.3% | 69,168€ | 44.6% | 2 | 650€ |
| 1075 | Spectrum Electro03211436 · Podgorica | <0.1% | 154,848€ | +31.5% | -23,539€ | -15.2% | 2 | 1,006€ |
| 1076 | Lumenlux Budva02955385 · Budva | <0.1% | 154,826€ | +3.5% | 3,302€ | 2.1% | 6 | 749€ |
| 1077 | Id Investments03688003 · Berane | <0.1% | 154,643€ | +164.1% | -10,130€ | -6.6% | 2 | 2,478€ |
| 1078 | Mušović Co03279308 · Bijelo Polje | <0.1% | 154,578€ | +46.6% | 77,486€ | 50.1% | 2 | — |
| 1079 | S.M.S. Enterijer03104311 · Budva | <0.1% | 153,683€ | +12.6% | 4,863€ | 3.2% | 4 | 1,632€ |
| 1080 | Tovuz 06003730719 · Budva | <0.1% | 153,221€ | No filing for 2024. | -57,996€ | -37.9% | 12 | 1,278€ |
| 1081 | Tim Ekspert03330443 · Podgorica | <0.1% | 153,190€ | +37.2% | 6,565€ | 4.3% | 1 | 2,583€ |
| 1082 | Optiva Pro03550435 · Nikšić | <0.1% | 152,284€ | +34.7% | 20,516€ | 13.5% | 5 | 1,815€ |
| 1083 | Sam Striković03288820 · Nikšić | <0.1% | 152,260€ | +147.0% | 31,564€ | 20.7% | 1 | 674€ |
| 1084 | Dedo Djoko M-K03406768 · Podgorica | <0.1% | 152,106€ | +26.9% | -7,684€ | -5.1% | 8 | 1,581€ |
| 1085 | Willis Project03708098 · Budva | <0.1% | 152,077€ | +22,133.5% | -5,033€ | -3.3% | 1 | 1,508€ |
| 1086 | Kaform Montenegro03748146 · Tivat | <0.1% | 151,699€ | No filing for 2024. | -20,597€ | -13.6% | 12 | 672€ |
| 1087 | Av Gradnja03278298 · Budva | <0.1% | 151,520€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 27,227€ | 18.0% | 1 | 675€ |
| 1088 | Inspect03118452 · Nikšić | <0.1% | 151,509€ | -14.8% | 32,445€ | 21.4% | 1 | 924€ |
| 1089 | Luison02919940 · Bar | <0.1% | 151,257€ | -7.5% | 51,418€ | 34.0% | 4 | 441€ |
| 1090 | NB Cop03283674 · Podgorica | <0.1% | 150,266€ | +1.5% | -8,093€ | -5.4% | 4 | 1,093€ |
| 1091 | T & M International03008126 · Podgorica | <0.1% | 149,906€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 33,312€ | 22.2% | 1 | 1,628€ |
| 1092 | NSM Invest Company03677958 · Danilovgrad | <0.1% | 149,779€ | +344.3% | 645€ | 0.4% | 3 | 1,044€ |
| 1093 | MS Hidrogradnja03345394 · Berane | <0.1% | 149,482€ | +163.5% | 456€ | 0.3% | 4 | 1,111€ |
| 1094 | Terakop Co02656442 · Danilovgrad | <0.1% | 149,476€ | +34.2% | -9,884€ | -6.6% | 2 | 677€ |
| 1095 | Davinci Decor03370763 · Podgorica | <0.1% | 149,024€ | +12.6% | 34,066€ | 22.9% | 3 | 742€ |
| 1096 | M-Coop03284786 · Podgorica | <0.1% | 148,972€ | +21.4% | 40,740€ | 27.3% | 2 | 749€ |
| 1097 | Pen-Kov02882221 · Herceg Novi | <0.1% | 148,883€ | +167.8% | -17,492€ | -11.7% | 2 | 703€ |
| 1098 | Color Impress 8603747131 · Budva | <0.1% | 148,627€ | No filing for 2024. | 11,805€ | 7.9% | 0 | — |
| 1099 | Dori-Ed03784240 · Podgorica | <0.1% | 148,544€ | No filing for 2024. | 77,416€ | 52.1% | 0 | — |
| 1100 | MM Twin02903717 · Podgorica | <0.1% | 148,525€ | -3.3% | 34,777€ | 23.4% | 1 | 1,633€ |