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 1751–1800 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* |
|---|
| 1751 | Ralmo03555003 · Ulcinj | <0.1% | 48,843€ | +51.7% | 3,922€ | 8.0% | 3 | 676€ |
| 1752 | Dibra Color03302342 · Ulcinj | <0.1% | 48,797€ | -19.4% | -6,339€ | -13.0% | 3 | 675€ |
| 1753 | Creative Room03100952 · Podgorica | <0.1% | 48,740€ | +37.4% | 505€ | 1.0% | 1 | 1,122€ |
| 1754 | Sistem Mont Podgorica03613038 · Podgorica | <0.1% | 48,675€ | -47.8% | -22€ | -0.0% | 2 | 537€ |
| 1755 | Rus Invest Group02438577 · Herceg Novi | <0.1% | 48,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,614€ | -104.4% | 1 | 678€ |
| 1756 | Emperador03043304 · Nikšić | <0.1% | 48,468€ | +14.7% | 1,088€ | 2.2% | 2 | 675€ |
| 1757 | Armont Adria03143384 · Podgorica | <0.1% | 48,424€ | -72.5% | 34,725€ | 71.7% | 1 | 337€ |
| 1758 | Vukadinović Gradnja02857464 · Budva | <0.1% | 48,407€ | +7,547.2% | 20,143€ | 41.6% | 4 | 537€ |
| 1759 | Timerhan02780968 · Tivat | <0.1% | 48,347€ | +14.0% | -35,033€ | -72.5% | 2 | 674€ |
| 1760 | KSC03114406 · Kotor | <0.1% | 48,333€ | -68.7% | -14,358€ | -29.7% | 6 | 473€ |
| 1761 | Deko Company03244342 · Bijelo Polje | <0.1% | 48,324€ | +291.5% | -15,246€ | -31.5% | 2 | 934€ |
| 1762 | Tim Plus Invest03277526 · Bijelo Polje | <0.1% | 48,320€ | -0.7% | 2,749€ | 5.7% | 1 | — |
| 1763 | Sandić Electro Team03512070 · Podgorica | <0.1% | 48,224€ | -16.7% | 1,866€ | 3.9% | 1 | 641€ |
| 1764 | WR Radović Inženjering02434466 · Podgorica | <0.1% | 48,204€ | -54.2% | -13,894€ | -28.8% | 3 | 815€ |
| 1765 | Sagoma03725154 · Kotor | <0.1% | 48,133€ | No filing for 2024. | 22,238€ | 46.2% | 2 | — |
| 1766 | Thermo Komfort02904101 · Bar | <0.1% | 48,103€ | -25.9% | 17,208€ | 35.8% | 1 | 678€ |
| 1767 | Smart & Safe03598217 · Podgorica | <0.1% | 47,905€ | -2.8% | 2,777€ | 5.8% | 1 | 1,331€ |
| 1768 | Dexal & Co02649934 · Podgorica | <0.1% | 47,830€ | -18.4% | 15,666€ | 32.8% | 1 | 680€ |
| 1769 | Kota 174903737497 · Podgorica | <0.1% | 47,828€ | No filing for 2024. | 3,617€ | 7.6% | 1 | 816€ |
| 1770 | Mahmutović 300%03622690 · Bijelo Polje | <0.1% | 47,717€ | +51.7% | 2,482€ | 5.2% | 4 | 908€ |
| 1771 | Green Bea03726819 · Bijelo Polje | <0.1% | 47,636€ | No filing for 2024. | -17,826€ | -37.4% | 3 | 806€ |
| 1772 | MG Gradnja03706656 · Berane | <0.1% | 47,626€ | +495.3% | -45,924€ | -96.4% | 4 | 934€ |
| 1773 | Arsić Group03777367 · Bar | <0.1% | 47,568€ | No filing for 2024. | 1,149€ | 2.4% | 1 | 2,141€ |
| 1774 | NDL Engineering03323021 · Nikšić | <0.1% | 47,559€ | +9.8% | 7,049€ | 14.8% | 1 | 2,974€ |
| 1775 | Black Rock03622363 · Herceg Novi | <0.1% | 47,506€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 30,791€ | 64.8% | 1 | 636€ |
| 1776 | Flooring02891352 · Podgorica | <0.1% | 47,440€ | +1.5% | -18,546€ | -39.1% | 1 | 683€ |
| 1777 | Braća Drpljanin03756343 · Bijelo Polje | <0.1% | 47,413€ | No filing for 2024. | -1,099€ | -2.3% | 2 | 414€ |
| 1778 | Kablomont Trade03745864 · Podgorica | <0.1% | 47,371€ | No filing for 2024. | 5,669€ | 12.0% | 2 | 1,180€ |
| 1779 | Čardak Gradnja03628159 · Nikšić | <0.1% | 47,271€ | +944.4% | 1,904€ | 4.0% | 2 | 422€ |
| 1780 | Alape Gradnja03617157 · Budva | <0.1% | 47,169€ | -72.4% | -5,058€ | -10.7% | 3 | 526€ |
| 1781 | Zo & Ma Elektro03111199 · Kotor | <0.1% | 47,163€ | -18.6% | -14,076€ | -29.8% | 1 | 340€ |
| 1782 | Maxterm03663230 · Podgorica | <0.1% | 47,139€ | +24.6% | -1,228€ | -2.6% | 2 | 1,051€ |
| 1783 | Master Lift03619389 · Podgorica | <0.1% | 46,902€ | +289.2% | 8,761€ | 18.7% | 1 | 1,433€ |
| 1784 | Sibex Inžinjering03690130 · Bijelo Polje | <0.1% | 46,801€ | +154.4% | 4,362€ | 9.3% | 2 | 1,017€ |
| 1785 | Mathil03290646 · Podgorica | <0.1% | 46,715€ | +289.3% | 16,677€ | 35.7% | 1 | 1,453€ |
| 1786 | As - Tim02734508 · Tivat | <0.1% | 46,629€ | -10.4% | 4,099€ | 8.8% | 3 | 1,090€ |
| 1787 | Njego - Elektro03164209 · Budva | <0.1% | 46,620€ | +185.5% | -66,313€ | -142.2% | 5 | 1,028€ |
| 1788 | Braća Dacić Cop02922495 · Rožaje | <0.1% | 46,600€ | -36.9% | -34,016€ | -73.0% | 2 | 612€ |
| 1789 | As-Vent03570380 · Podgorica | <0.1% | 46,529€ | +7.4% | 15,745€ | 33.8% | 1 | 1,258€ |
| 1790 | Elektro - Jovan03727645 · Nikšić | <0.1% | 46,299€ | No filing for 2024. | -3,208€ | -6.9% | 2 | 1,783€ |
| 1791 | Mali Majstor03629244 · Podgorica | <0.1% | 46,278€ | +93.6% | -3,865€ | -8.4% | 1 | 918€ |
| 1792 | Div Bravarija03630005 · Podgorica | <0.1% | 46,272€ | +304.2% | 3,168€ | 6.8% | 1 | 677€ |
| 1793 | Nur-Invest03280420 · Rožaje | <0.1% | 46,212€ | -17.8% | 5,436€ | 11.8% | 3 | 1,127€ |
| 1794 | MSM Termo03752267 · Podgorica | <0.1% | 45,984€ | No filing for 2024. | 3,395€ | 7.4% | 0 | — |
| 1795 | Hydro Tafa03699285 · Ulcinj | <0.1% | 45,942€ | +474.3% | 5,305€ | 11.5% | 3 | 713€ |
| 1796 | Perfekta Tim03222357 · Budva | <0.1% | 45,785€ | -35.4% | 1,403€ | 3.1% | 1 | 1,299€ |
| 1797 | ST Eing03730247 · Bijelo Polje | <0.1% | 45,780€ | No filing for 2024. | -5,085€ | -11.1% | 4 | 765€ |
| 1798 | Magnum Development03326756 · Podgorica | <0.1% | 45,720€ | +65.8% | -123,118€ | -269.3% | 4 | 1,310€ |
| 1799 | Radman Group03228444 · Podgorica | <0.1% | 45,412€ | +6.8% | -26,313€ | -57.9% | 3 | 775€ |
| 1800 | Trebinjac02182483 · Budva | <0.1% | 45,355€ | -3.1% | -480€ | -1.1% | 4 | 678€ |