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 1451–1500 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* |
|---|
| 1451 | MS Hydro03253848 · Nikšić | <0.1% | 83,375€ | +19.9% | 4,791€ | 5.7% | 1 | 4,301€ |
| 1452 | Trut03308251 · Berane | <0.1% | 83,046€ | -0.5% | -21,932€ | -26.4% | 5 | 1,744€ |
| 1453 | Alk Nekretnine03467244 · Podgorica | <0.1% | 82,645€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,035€ | 35.1% | 0 | — |
| 1454 | Trio Elektro As03332527 · Podgorica | <0.1% | 82,576€ | +1.3% | 11,889€ | 14.4% | 4 | 743€ |
| 1455 | Karpoš03532780 · Podgorica | <0.1% | 82,508€ | +66.4% | 54,086€ | 65.6% | 1 | — |
| 1456 | Piros02223333 · Podgorica | <0.1% | 82,390€ | -62.2% | 8,587€ | 10.4% | 4 | 547€ |
| 1457 | Izo-Bau03525783 · Budva | <0.1% | 82,217€ | +128.0% | 31,443€ | 38.2% | 1 | 961€ |
| 1458 | Čukić Enterijeri03705200 · Podgorica | <0.1% | 82,120€ | +715.1% | 786€ | 1.0% | 3 | 796€ |
| 1459 | Nurkovic Company03646173 · Bar | <0.1% | 81,983€ | +77.4% | 3,929€ | 4.8% | 2 | 677€ |
| 1460 | Purišić Cop03234533 · Plav | <0.1% | 81,854€ | +56.0% | 293€ | 0.4% | 2 | 891€ |
| 1461 | Gox VGD03718492 · Budva | <0.1% | 81,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 59,115€ | 72.3% | 1 | 605€ |
| 1462 | Terra Inženjering03687066 · Podgorica | <0.1% | 81,680€ | +483.4% | 9,820€ | 12.0% | 3 | 923€ |
| 1463 | SM Group Montenegro03770028 · Budva | <0.1% | 81,520€ | No filing for 2024. | 15,001€ | 18.4% | 1 | 3,956€ |
| 1464 | Termoing03671569 · Podgorica | <0.1% | 81,505€ | +444.7% | 13,848€ | 17.0% | 2 | 1,254€ |
| 1465 | MTM Colort03474810 · Kotor | <0.1% | 81,274€ | +148.4% | 1,591€ | 2.0% | 3 | 1,071€ |
| 1466 | Bis-Ing03186997 · Pljevlja | <0.1% | 81,213€ | -0.1% | 4,186€ | 5.2% | 2 | 968€ |
| 1467 | BMP Metal Products03736792 · Budva | <0.1% | 80,872€ | No filing for 2024. | 23,957€ | 29.6% | 2 | 565€ |
| 1468 | Mega Lukx03631389 · Podgorica | <0.1% | 80,872€ | -20.4% | 10,399€ | 12.9% | 6 | 791€ |
| 1469 | Concrete Flatwork Mne03624919 · Bar | <0.1% | 80,856€ | +122.4% | 2,927€ | 3.6% | 2 | 474€ |
| 1470 | Profesoramoler03223493 · Podgorica | <0.1% | 80,552€ | -40.2% | -34,358€ | -42.7% | 1 | 1,084€ |
| 1471 | Šćepanović Cop Trans03765377 · Danilovgrad | <0.1% | 80,537€ | No filing for 2024. | 3,454€ | 4.3% | 1 | — |
| 1472 | Ab Temelj03019250 · Podgorica | <0.1% | 80,482€ | -50.2% | 606€ | 0.8% | 5 | 726€ |
| 1473 | T&S Gradnja03339092 · Podgorica | <0.1% | 80,413€ | -11.3% | -7,609€ | -9.5% | 1 | 1,054€ |
| 1474 | VV Hidro03567079 · Podgorica | <0.1% | 80,337€ | +16.9% | 34€ | 0.0% | 3 | 1,087€ |
| 1475 | Olschewski03416763 · Ulcinj | <0.1% | 80,283€ | +52.6% | 20,241€ | 25.2% | 1 | 678€ |
| 1476 | Boss Security02724294 · Podgorica | <0.1% | 80,132€ | +30.4% | -14,437€ | -18.0% | 1 | 925€ |
| 1477 | Lasa Gradnja03511863 · Budva | <0.1% | 80,070€ | +138.4% | 52,872€ | 66.0% | 1 | 338€ |
| 1478 | Bul Kop03418197 · Tivat | <0.1% | 79,766€ | +350.6% | 38,630€ | 48.4% | 2 | 813€ |
| 1479 | N Frigo i Elektro03515818 · Andrijevica | <0.1% | 79,628€ | +31.1% | -713€ | -0.9% | 1 | 3,368€ |
| 1480 | I&B-Elektro03733092 · Bijelo Polje | <0.1% | 79,507€ | No filing for 2024. | 3,935€ | 4.9% | 3 | 821€ |
| 1481 | Kolić Decor03369021 · Bijelo Polje | <0.1% | 79,418€ | +634.5% | 20,755€ | 26.1% | 2 | 1,278€ |
| 1482 | Draganov03696642 · Berane | <0.1% | 79,208€ | +550.3% | 3,855€ | 4.9% | 3 | 2,084€ |
| 1483 | STM-Kop03310299 · Podgorica | <0.1% | 79,208€ | +154.8% | 35,504€ | 44.8% | 1 | 678€ |
| 1484 | Mil- Invest02954354 · Nikšić | <0.1% | 79,000€ | +2,533.3% | 58,844€ | 74.5% | 1 | 678€ |
| 1485 | H2o Unical Lalajoni03772578 · Herceg Novi | <0.1% | 78,877€ | No filing for 2024. | -7,235€ | -9.2% | 2 | — |
| 1486 | KDK Immobilien Bau03649709 · Danilovgrad | <0.1% | 78,373€ | +60.1% | 58,980€ | 75.3% | 1 | 462€ |
| 1487 | Mir-Inženjering02702576 · Budva | <0.1% | 78,325€ | +267.4% | 899€ | 1.1% | 1 | 1,055€ |
| 1488 | Master Adaptacije03633454 · Podgorica | <0.1% | 78,255€ | +33.8% | 2,731€ | 3.5% | 2 | 1,128€ |
| 1489 | DM Ralex03299350 · Podgorica | <0.1% | 78,103€ | +388.8% | 25,467€ | 32.6% | 3 | 316€ |
| 1490 | CG Villas03264572 · Tivat | <0.1% | 77,070€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -252,052€ | -327.0% | 1 | 929€ |
| 1491 | Mićo Gradnja03245357 · Herceg Novi | <0.1% | 76,923€ | +23.2% | -14,206€ | -18.5% | 3 | 502€ |
| 1492 | Voltx Electro03747883 · Budva | <0.1% | 76,843€ | No filing for 2024. | 2,735€ | 3.6% | 7 | 661€ |
| 1493 | DR Company Rakočević03585743 · Podgorica | <0.1% | 76,722€ | +33.5% | -9,764€ | -12.7% | 2 | 873€ |
| 1494 | VT Company02877651 · Podgorica | <0.1% | 76,684€ | -32.5% | 2,136€ | 2.8% | 1 | 964€ |
| 1495 | Mne Universal Construction03793800 · Nikšić | <0.1% | 76,609€ | No filing for 2024. | 32,258€ | 42.1% | 1 | — |
| 1496 | Lucky Bill03279286 · Budva | <0.1% | 76,523€ | -18.7% | 1,165€ | 1.5% | 2 | 511€ |
| 1497 | Marstim Company03407381 · Budva | <0.1% | 76,147€ | +33.0% | 5,125€ | 6.7% | 2 | 731€ |
| 1498 | Vipol02395517 · Budva | <0.1% | 75,969€ | -57.4% | 1,098€ | 1.4% | 1 | 675€ |
| 1499 | V.D. Group03611418 · Bar | <0.1% | 75,633€ | +51.4% | 15,935€ | 21.1% | 1 | 1,378€ |
| 1500 | Electros.M.03252272 · Ulcinj | <0.1% | 75,534€ | +3.9% | -33,514€ | -44.4% | 5 | 829€ |