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 1301–1350 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* |
|---|
| 1301 | Besmart - Networks03493989 · Bar | <0.1% | 109,144€ | +21.8% | 80,356€ | 73.6% | 2 | 741€ |
| 1302 | Z.S.Company03395219 · Tivat | <0.1% | 108,975€ | -35.8% | 5,283€ | 4.8% | 4 | 689€ |
| 1303 | Excalibur CG03232425 · Podgorica | <0.1% | 108,932€ | +46.9% | 21,316€ | 19.6% | 3 | 425€ |
| 1304 | 10 Plus03651860 · Budva | <0.1% | 108,591€ | +27.5% | 49,152€ | 45.3% | 1 | 423€ |
| 1305 | M.V. Inžinjering03158101 · Herceg Novi | <0.1% | 108,435€ | -18.6% | 6,402€ | 5.9% | 5 | 708€ |
| 1306 | Monthellenic Kyriakos02622530 · Podgorica | <0.1% | 108,404€ | -63.9% | 2,341€ | 2.2% | 6 | 827€ |
| 1307 | Estrih Lider03305511 · Budva | <0.1% | 108,280€ | -81.3% | -374,640€ | -346.0% | 50 | 805€ |
| 1308 | Ado-Company02688000 · Rožaje | <0.1% | 108,185€ | +81.2% | -14,156€ | -13.1% | 1 | 2,131€ |
| 1309 | Ivm Mont03425177 · Podgorica | <0.1% | 108,017€ | -27.9% | -9,839€ | -9.1% | 4 | 649€ |
| 1310 | Elektronika Centar02653206 · Herceg Novi | <0.1% | 107,974€ | -0.6% | 10,906€ | 10.1% | 3 | 629€ |
| 1311 | Design-Build03331881 · Podgorica | <0.1% | 107,654€ | +421.0% | 11,016€ | 10.2% | 5 | 1,243€ |
| 1312 | Rašović Keramika03642623 · Podgorica | <0.1% | 107,460€ | +2,630.2% | -8,942€ | -8.3% | 4 | 1,146€ |
| 1313 | MD Floors03708306 · Ulcinj | <0.1% | 107,427€ | +428.5% | 10,447€ | 9.7% | 3 | 610€ |
| 1314 | K&M- Gradnja03673332 · Budva | <0.1% | 107,412€ | +995.0% | 33,622€ | 31.3% | 1 | 733€ |
| 1315 | LPN-Mont03325628 · Bijelo Polje | <0.1% | 107,112€ | -51.1% | -59,778€ | -55.8% | 2 | 3,502€ |
| 1316 | Casa Valdanos02755742 · Bar | <0.1% | 107,101€ | -32.7% | -82,083€ | -76.6% | 1 | 677€ |
| 1317 | C&C Construction02720027 · Podgorica | <0.1% | 106,984€ | -39.0% | 8,152€ | 7.6% | 1 | 4,420€ |
| 1318 | Zen Construction03163024 · Podgorica | <0.1% | 106,918€ | -67.8% | 1,911€ | 1.8% | 3 | 1,588€ |
| 1319 | Termo Planet Tech03580849 · Podgorica | <0.1% | 106,865€ | -10.6% | 14,230€ | 13.3% | 2 | 595€ |
| 1320 | Montažni Poslovi RB03701590 · Bijelo Polje | <0.1% | 106,710€ | +840.2% | 62,511€ | 58.6% | 3 | 775€ |
| 1321 | Marković R&B Elektro Sistem03177718 · Podgorica | <0.1% | 106,181€ | +174.8% | 23,293€ | 21.9% | 1 | 621€ |
| 1322 | Mario Construction03704912 · Tivat | <0.1% | 106,167€ | +253.9% | 9,825€ | 9.3% | 10 | 648€ |
| 1323 | Budva Investments Apartments03315703 · Podgorica | <0.1% | 105,646€ | +96.2% | -7,921€ | -7.5% | 1 | 549€ |
| 1324 | Eylul Turizm Insaat03366995 · Herceg Novi | <0.1% | 105,644€ | -73.3% | -210,572€ | -199.3% | 13 | 651€ |
| 1325 | Freyssinet Montenegro03313760 · Podgorica | <0.1% | 105,117€ | +328,390.6% | 26,297€ | 25.0% | 1 | — |
| 1326 | Termorad02187892 · Podgorica | <0.1% | 104,950€ | +62.1% | 142€ | 0.1% | 2 | 1,383€ |
| 1327 | JBV Solutions03290549 · Podgorica | <0.1% | 104,865€ | -14.3% | 22,139€ | 21.1% | 2 | 1,003€ |
| 1328 | Bogmarkfloors03337693 · Nikšić | <0.1% | 104,433€ | +27.1% | 1,907€ | 1.8% | 1 | 5,895€ |
| 1329 | Terić Mont03705510 · Nikšić | <0.1% | 104,380€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,773€ | 5.5% | 3 | 670€ |
| 1330 | Stojanović Plus03017567 · Budva | <0.1% | 104,339€ | +4.3% | 43,426€ | 41.6% | 2 | 1,006€ |
| 1331 | B&M&I - Gradnja03553779 · Nikšić | <0.1% | 104,246€ | +269.3% | 27,122€ | 26.0% | 1 | 2,011€ |
| 1332 | Kraft Construction03281094 · Tivat | <0.1% | 104,118€ | -80.5% | -28,280€ | -27.2% | 1 | 337€ |
| 1333 | Gulić - Gradnja02372568 · Bar | <0.1% | 103,967€ | -26.2% | -4,359€ | -4.2% | 3 | 466€ |
| 1334 | Aqua Ćiro03721183 · Nikšić | <0.1% | 103,922€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,336€ | 7.1% | 2 | 910€ |
| 1335 | MR Invest03102971 · Nikšić | <0.1% | 103,553€ | +101.6% | 6,609€ | 6.4% | 3 | 459€ |
| 1336 | Enn Elektro Sistem03626407 · Podgorica | <0.1% | 103,426€ | +21.0% | -17,021€ | -16.5% | 2 | 883€ |
| 1337 | Aqua Vista02711583 · Herceg Novi | <0.1% | 103,347€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5€ | -0.0% | 1 | 7,529€ |
| 1338 | Domostil03711315 · Podgorica | <0.1% | 103,287€ | +932.9% | 62,614€ | 60.6% | 1 | — |
| 1339 | Loreto03013707 · Cetinje | <0.1% | 103,236€ | +55.9% | 17,637€ | 17.1% | 1 | 1,072€ |
| 1340 | Antis Montenegro03194906 · Budva | <0.1% | 102,738€ | +128.3% | -23,775€ | -23.1% | 2 | — |
| 1341 | Gemne02966263 · Podgorica | <0.1% | 102,723€ | -12.6% | 19,636€ | 19.1% | 1 | 342€ |
| 1342 | Red Sienna03288692 · Tivat | <0.1% | 102,600€ | -50.0% | 34,947€ | 34.1% | 1 | 1,645€ |
| 1343 | Respekt Montenegro03117723 · Podgorica | <0.1% | 102,458€ | -16.1% | -68,533€ | -66.9% | 2 | 1,340€ |
| 1344 | Emek LTD03213307 · Podgorica | <0.1% | 101,936€ | +210.8% | 23,037€ | 22.6% | 1 | 678€ |
| 1345 | ZCH Kardesler03612384 · Budva | <0.1% | 101,856€ | +539.0% | -15,685€ | -15.4% | 1 | 9,516€ |
| 1346 | Lipah Team03648788 · Budva | <0.1% | 101,745€ | +22.3% | 45€ | 0.0% | 2 | 1,260€ |
| 1347 | China Civil Engineering Construction Corporation Montenegro03081095 · Podgorica | <0.1% | 101,663€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -121,558€ | -119.6% | 1 | 1,330€ |
| 1348 | Cobra Company03414868 · Budva | <0.1% | 101,467€ | +121.3% | -25,929€ | -25.6% | 4 | 954€ |
| 1349 | Alexa03242374 · Tuzi | <0.1% | 101,365€ | -73.3% | -4,199€ | -4.1% | 5 | 1,081€ |
| 1350 | Niskogradnja Fetić03645657 · Tuzi | <0.1% | 101,040€ | +29.2% | 41,979€ | 41.5% | 3 | 1,134€ |