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 1201–1250 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* |
|---|
| 1201 | VS Invest NK03704661 · Nikšić | <0.1% | 126,942€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,736€ | 2.9% | 0 | — |
| 1202 | Green Air03327345 · Budva | <0.1% | 126,716€ | -54.4% | 1,254€ | 1.0% | 2 | 942€ |
| 1203 | R & V Fenix03237737 · Budva | <0.1% | 126,596€ | +47.6% | 18,805€ | 14.9% | 1 | — |
| 1204 | Et-M Company03309363 · Kotor | <0.1% | 126,482€ | +143.6% | 12,207€ | 9.7% | 3 | 1,377€ |
| 1205 | Lever Inženjering02952360 · Budva | <0.1% | 126,357€ | -77.3% | 9,979€ | 7.9% | 1 | 926€ |
| 1206 | Alba Build03725391 · Ulcinj | <0.1% | 126,267€ | No filing for 2024. | 1,251€ | 1.0% | 8 | 544€ |
| 1207 | Dankop Company03162087 · Danilovgrad | <0.1% | 126,103€ | -4.5% | 14,190€ | 11.3% | 1 | — |
| 1208 | Graditelj - Vasilijević02782251 · Tivat | <0.1% | 126,013€ | +30.4% | 24,166€ | 19.2% | 2 | 570€ |
| 1209 | Kovcheg02975254 · Bar | <0.1% | 125,698€ | +235.2% | -10,472€ | -8.3% | 1 | — |
| 1210 | Korijen Tim03737080 · Danilovgrad | <0.1% | 125,655€ | No filing for 2024. | 69,606€ | 55.4% | 1 | 619€ |
| 1211 | Braća Španjević03480909 · Bijelo Polje | <0.1% | 125,644€ | -18.2% | -33,692€ | -26.8% | 5 | 783€ |
| 1212 | Termo Elektro Čarapić03559700 · Podgorica | <0.1% | 125,623€ | +36.3% | 14,547€ | 11.6% | 2 | 916€ |
| 1213 | Valtex03347486 · Podgorica | <0.1% | 125,598€ | +56.9% | 26,185€ | 20.8% | 1 | 3,542€ |
| 1214 | Drašković Gradnja03116891 · Nikšić | <0.1% | 125,450€ | -8.0% | 540€ | 0.4% | 3 | 828€ |
| 1215 | Ac Elektro Company03709523 · Podgorica | <0.1% | 125,368€ | +284.3% | 1,474€ | 1.2% | 2 | 845€ |
| 1216 | Čubro Co03366707 · Podgorica | <0.1% | 125,349€ | +27.3% | 9,635€ | 7.7% | 2 | 774€ |
| 1217 | Bunjaštuko03156834 · Tivat | <0.1% | 124,934€ | -4.1% | 19,851€ | 15.9% | 3 | 894€ |
| 1218 | Reklame Plus02669897 · Podgorica | <0.1% | 124,638€ | +473.0% | 24,446€ | 19.6% | 1 | 996€ |
| 1219 | Zen Sadiki03310949 · Tivat | <0.1% | 123,907€ | +508.8% | 17,703€ | 14.3% | 5 | 660€ |
| 1220 | Termo Klima Bar03126927 · Bar | <0.1% | 123,673€ | +16.6% | -5,183€ | -4.2% | 4 | 366€ |
| 1221 | D&L Building03669653 · Bijelo Polje | <0.1% | 123,654€ | +39.9% | 1,212€ | 1.0% | 2 | 536€ |
| 1222 | Armaster Gradnja03161366 · Nikšić | <0.1% | 123,575€ | +30,793.8% | 25,776€ | 20.9% | 1 | 758€ |
| 1223 | Lalo Construction03352919 · Ulcinj | <0.1% | 123,299€ | +78.0% | 33,560€ | 27.2% | 3 | 704€ |
| 1224 | RD Invest03524655 · Podgorica | <0.1% | 123,095€ | +53.3% | 1,626€ | 1.3% | 3 | 1,017€ |
| 1225 | Pettech02904560 · Podgorica | <0.1% | 122,657€ | +28.8% | 8,003€ | 6.5% | 3 | 1,640€ |
| 1226 | Lode Construction03667901 · Tuzi | <0.1% | 122,473€ | +194.8% | 16,755€ | 13.7% | 5 | 821€ |
| 1227 | Pro City Constructing03312666 · Podgorica | <0.1% | 122,397€ | +16,876.0% | -231,439€ | -189.1% | 3 | 677€ |
| 1228 | Maj Company03207820 · Podgorica | <0.1% | 122,258€ | +92.4% | -6,900€ | -5.6% | 1 | 6,976€ |
| 1229 | Blackmont Plus03343910 · Podgorica | <0.1% | 121,901€ | -6.2% | -35,038€ | -28.7% | 1 | 5,515€ |
| 1230 | Minermont02697351 · Nikšić | <0.1% | 121,867€ | -41.4% | -35,519€ | -29.1% | 5 | 808€ |
| 1231 | Fjondra03132498 · Budva | <0.1% | 121,534€ | -25.9% | -61,589€ | -50.7% | 5 | 734€ |
| 1232 | Progres Alu-PVC03687554 · Nikšić | <0.1% | 121,395€ | +431.8% | -3,232€ | -2.7% | 1 | 592€ |
| 1233 | Art Adapt03360440 · Podgorica | <0.1% | 121,353€ | -11.6% | 77,619€ | 64.0% | 1 | 1,191€ |
| 1234 | Urbania02922908 · Budva | <0.1% | 121,189€ | -54.0% | -14,641€ | -12.1% | 3 | 1,089€ |
| 1235 | M2-Profi03594904 · Bijelo Polje | <0.1% | 120,933€ | +33.2% | -27,276€ | -22.6% | 1 | 2,150€ |
| 1236 | Hammer Com02859181 · Podgorica | <0.1% | 120,572€ | -15.6% | 568€ | 0.5% | 3 | 968€ |
| 1237 | BB Klime03296172 · Danilovgrad | <0.1% | 120,322€ | -9.0% | 20,036€ | 16.7% | 1 | — |
| 1238 | Enertech - Inženjering03008193 · Podgorica | <0.1% | 120,283€ | +305.0% | 33,269€ | 27.7% | 1 | 1,051€ |
| 1239 | Am Trade Mne03631818 · Bijelo Polje | <0.1% | 120,281€ | +1,871.8% | 99,481€ | 82.7% | 1 | — |
| 1240 | Relstone02889480 · Bar | <0.1% | 120,270€ | -18.4% | -129,170€ | -107.4% | 2 | 2,645€ |
| 1241 | H & C Power03317510 · Nikšić | <0.1% | 120,256€ | -13.2% | -1,635€ | -1.4% | 1 | 1,007€ |
| 1242 | Euro-D02619954 · Podgorica | <0.1% | 120,239€ | -19.6% | -10,882€ | -9.1% | 5 | 823€ |
| 1243 | Electro Solutions03600599 · Bar | <0.1% | 120,135€ | +106.5% | -3,192€ | -2.7% | 2 | 1,875€ |
| 1244 | Rudi Dizajn Mne03679209 · Budva | <0.1% | 120,054€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -52,030€ | -43.3% | 2 | 2,083€ |
| 1245 | Masterkop-RS03646858 · Bar | <0.1% | 120,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -661€ | -0.6% | 1 | 694€ |
| 1246 | Ble-Art Construction03697363 · Tuzi | <0.1% | 119,825€ | +54.0% | 19,449€ | 16.2% | 10 | 652€ |
| 1247 | HD Build03726568 · Podgorica | <0.1% | 119,626€ | No filing for 2024. | -16,598€ | -13.9% | 8 | 825€ |
| 1248 | Aliyev&Company03760723 · Budva | <0.1% | 119,501€ | No filing for 2024. | -32,743€ | -27.4% | 2 | 439€ |
| 1249 | Živković Gradnja03602656 · Podgorica | <0.1% | 119,418€ | +132.4% | 13,968€ | 11.7% | 2 | 509€ |
| 1250 | Elektro-Piva02665204 · Budva | <0.1% | 119,288€ | +27.8% | 5,010€ | 4.2% | 3 | 860€ |