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 1851–1900 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* |
|---|
| 1851 | SG-Montenegro Corporation03500853 · Budva | <0.1% | 41,171€ | -74.3% | -15,488€ | -37.6% | 3 | 1,130€ |
| 1852 | Demark03725138 · Berane | <0.1% | 41,150€ | No filing for 2024. | -33,392€ | -81.1% | 4 | 1,548€ |
| 1853 | Rodosto03709094 · Herceg Novi | <0.1% | 41,100€ | No filing for 2024. | 8,295€ | 20.2% | 2 | 1,193€ |
| 1854 | Agroluks02771560 · Podgorica | <0.1% | 41,044€ | +6.1% | 6,923€ | 16.9% | 1 | 671€ |
| 1855 | Zlatibor Ing03317323 · Podgorica | <0.1% | 40,928€ | -23.7% | -2,111€ | -5.2% | 1 | 450€ |
| 1856 | Monte Alamosa Real Estate02634325 · Tivat | <0.1% | 40,833€ | +742.4% | -33,833€ | -82.9% | 3 | 944€ |
| 1857 | Voda Inženjering03735729 · Budva | <0.1% | 40,825€ | No filing for 2024. | 16,489€ | 40.4% | 1 | 1,850€ |
| 1858 | GPSS03344118 · Podgorica | <0.1% | 40,620€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,137€ | 7.7% | 1 | 678€ |
| 1859 | Fontana-Mne03399281 · Ulcinj | <0.1% | 40,498€ | -51.8% | 10,344€ | 25.5% | 2 | 593€ |
| 1860 | MB Company03097048 · Bar | <0.1% | 40,475€ | +0.7% | -188€ | -0.5% | 3 | 419€ |
| 1861 | Zevs-Elektro03175570 · Tivat | <0.1% | 40,468€ | +1.6% | 627€ | 1.5% | 2 | 423€ |
| 1862 | Hvac & Mep Systems03662918 · Podgorica | <0.1% | 40,216€ | +79.9% | 2,877€ | 7.2% | 2 | — |
| 1863 | Kešelj Gradnja03785106 · Nikšić | <0.1% | 40,190€ | No filing for 2024. | 3,780€ | 9.4% | 2 | 1,267€ |
| 1864 | Am Gradnja03053598 · Bijelo Polje | <0.1% | 40,168€ | -46.2% | -29,545€ | -73.6% | 3 | 699€ |
| 1865 | D&R-Mont02987171 · Nikšić | <0.1% | 40,087€ | +24.5% | -3,486€ | -8.7% | 1 | 729€ |
| 1866 | Džoli Company03346820 · Podgorica | <0.1% | 39,867€ | -20.4% | -2,688€ | -6.7% | 2 | 426€ |
| 1867 | Beli Aist02951932 · Budva | <0.1% | 39,795€ | +1.3% | 2,833€ | 7.1% | 2 | 558€ |
| 1868 | Ćupić03011984 · Kotor | <0.1% | 39,751€ | -22.4% | -31,542€ | -79.3% | 3 | 913€ |
| 1869 | E2a03175707 · Bar | <0.1% | 39,721€ | +372.2% | 2,634€ | 6.6% | 2 | 341€ |
| 1870 | Aquateam Mne03560058 · Podgorica | <0.1% | 39,659€ | -32.4% | 476€ | 1.2% | 2 | 627€ |
| 1871 | Central Invest03379744 · Podgorica | <0.1% | 39,649€ | +3,964,800.0% | 11,733€ | 29.6% | 1 | 524€ |
| 1872 | Din-Raka Comerc03379205 · Berane | <0.1% | 39,578€ | +30.2% | 1,824€ | 4.6% | 2 | 1,507€ |
| 1873 | Archaxis Construction03777669 · Ulcinj | <0.1% | 39,309€ | No filing for 2024. | -13,756€ | -35.0% | 3 | — |
| 1874 | W Elektro03562573 · Podgorica | <0.1% | 39,307€ | -21.4% | -19,907€ | -50.6% | 2 | 654€ |
| 1875 | Bonila02946645 · Budva | <0.1% | 39,285€ | -18.1% | -61,378€ | -156.2% | 3 | 447€ |
| 1876 | Procodex03068030 · Podgorica | <0.1% | 39,260€ | +10.8% | 28,984€ | 73.8% | 1 | 319€ |
| 1877 | Top Color03322106 · Podgorica | <0.1% | 39,168€ | -37.1% | -14,919€ | -38.1% | 2 | 902€ |
| 1878 | Urban Smart Electro03643506 · Budva | <0.1% | 39,058€ | -28.9% | 2,470€ | 6.3% | 1 | 338€ |
| 1879 | M-Construct03783502 · Podgorica | <0.1% | 38,843€ | No filing for 2024. | 611€ | 1.6% | 1 | — |
| 1880 | Intera Plus03657426 · Berane | <0.1% | 38,830€ | +466.3% | 13,683€ | 35.2% | 1 | 1,721€ |
| 1881 | Jet Boat Montenegro03077551 · Budva | <0.1% | 38,797€ | +38.8% | 18,849€ | 48.6% | 1 | 670€ |
| 1882 | Montebeton03632016 · Bijelo Polje | <0.1% | 38,777€ | +7,978.5% | 19,286€ | 49.7% | 1 | — |
| 1883 | Vega Profi03121216 · Danilovgrad | <0.1% | 38,758€ | -6.7% | -12,803€ | -33.0% | 3 | 620€ |
| 1884 | Ayyana03611540 · Rožaje | <0.1% | 38,629€ | +8.3% | 746€ | 1.9% | 1 | 2,133€ |
| 1885 | Kaludra Gradnja03661300 · Berane | <0.1% | 38,594€ | +117.6% | 4,499€ | 11.7% | 2 | 1,246€ |
| 1886 | Zaostri-Niša03353800 · Tivat | <0.1% | 38,507€ | +38.8% | 5,203€ | 13.5% | 2 | 424€ |
| 1887 | Plan D203749339 · Bijelo Polje | <0.1% | 38,464€ | No filing for 2024. | -7,090€ | -18.4% | 2 | 366€ |
| 1888 | D&K Inženjering02955482 · Podgorica | <0.1% | 38,331€ | -78.1% | -13,828€ | -36.1% | 2 | 689€ |
| 1889 | Fid Elektro03650561 · Danilovgrad | <0.1% | 38,148€ | +108.5% | -11,701€ | -30.7% | 4 | 678€ |
| 1890 | Alpine Monte03768961 · Žabljak | <0.1% | 38,147€ | No filing for 2024. | 11,537€ | 30.2% | 1 | 878€ |
| 1891 | Kesebet03635082 · Bar | <0.1% | 38,106€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,846€ | 10.1% | 1 | 677€ |
| 1892 | Aqua Line03095029 · Tivat | <0.1% | 37,980€ | -73.7% | 11,274€ | 29.7% | 1 | 707€ |
| 1893 | Pool Boss03412334 · Tivat | <0.1% | 37,966€ | +1,463.7% | 9,043€ | 23.8% | 1 | 1,867€ |
| 1894 | Planinar-VR03084965 · Nikšić | <0.1% | 37,899€ | +40.4% | 6,684€ | 17.6% | 2 | 610€ |
| 1895 | Prof-Sistem03590925 · Pljevlja | <0.1% | 37,850€ | +40.5% | -6,727€ | -17.8% | 1 | 1,341€ |
| 1896 | Bulatović-Trans Kop03377393 · Kolašin | <0.1% | 37,804€ | -12.7% | 396€ | 1.0% | 1 | 674€ |
| 1897 | HD Invest03358143 · Bijelo Polje | <0.1% | 37,778€ | -65.8% | -31,893€ | -84.4% | 2 | 1,234€ |
| 1898 | Hidroizolacija Ljubo03426033 · Podgorica | <0.1% | 37,711€ | -16.4% | 984€ | 2.6% | 1 | 1,156€ |
| 1899 | Depo02805553 · Tivat | <0.1% | 37,681€ | -24.4% | -6,553€ | -17.4% | 2 | 871€ |
| 1900 | Kolić Bau03386767 · Bijelo Polje | <0.1% | 37,661€ | +69.1% | 1,618€ | 4.3% | 3 | 889€ |