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 1901–1950 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* |
|---|
| 1901 | Sa-Si03535215 · Herceg Novi | <0.1% | 37,246€ | +308.2% | 8,449€ | 22.7% | 3 | 739€ |
| 1902 | Dacić Gradnja03595595 · Bar | <0.1% | 37,190€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,790€ | 39.8% | 1 | 677€ |
| 1903 | Silux03152901 · Bijelo Polje | <0.1% | 37,171€ | +0.8% | 366€ | 1.0% | 4 | 657€ |
| 1904 | Turstrojservis02702908 · Herceg Novi | <0.1% | 37,149€ | +14.9% | 9,889€ | 26.6% | 2 | 675€ |
| 1905 | Vedel Mont03634060 · Podgorica | <0.1% | 37,073€ | +97.4% | 8,742€ | 23.6% | 1 | 919€ |
| 1906 | S & S Gradnja03397521 · Bar | <0.1% | 37,050€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,988€ | -10.8% | 1 | 346€ |
| 1907 | Dallas Invest03499286 · Podgorica | <0.1% | 37,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,482€ | -12.1% | 2 | 624€ |
| 1908 | Elevation03614549 · Nikšić | <0.1% | 36,783€ | -25.1% | 5,106€ | 13.9% | 1 | 758€ |
| 1909 | Cryomont02795833 · Cetinje | <0.1% | 36,775€ | +262.3% | 13,314€ | 36.2% | 1 | 675€ |
| 1910 | Quattro Construction Group03692728 · Nikšić | <0.1% | 36,638€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,471€ | 6.7% | 2 | 1,097€ |
| 1911 | Džan Bau03768767 · Bijelo Polje | <0.1% | 36,624€ | No filing for 2024. | 2,897€ | 7.9% | 2 | 384€ |
| 1912 | Tehno Cool03599272 · Tuzi | <0.1% | 36,605€ | +82.9% | -6,637€ | -18.1% | 2 | 961€ |
| 1913 | Sweet Home NK02072696 · Nikšić | <0.1% | 36,519€ | +10.2% | 5,951€ | 16.3% | 2 | 339€ |
| 1914 | Dom-Monte02671433 · Kotor | <0.1% | 36,509€ | +30.7% | 5,385€ | 14.7% | 1 | 1,415€ |
| 1915 | Tajić Mne03732142 · Andrijevica | <0.1% | 36,497€ | No filing for 2024. | 6,361€ | 17.4% | 1 | 1,411€ |
| 1916 | Profi Team D&D Ivanović03489248 · Podgorica | <0.1% | 36,418€ | -29.7% | 356€ | 1.0% | 2 | 566€ |
| 1917 | Expo Vision03724158 · Nikšić | <0.1% | 36,387€ | No filing for 2024. | 8,261€ | 22.7% | 1 | 1,248€ |
| 1918 | Nešo Company03029719 · Ulcinj | <0.1% | 36,058€ | -21.5% | -18,752€ | -52.0% | 6 | 743€ |
| 1919 | Prizma Inženjering02956039 · Podgorica | <0.1% | 36,000€ | +66.7% | 23,296€ | 64.7% | 1 | 1,048€ |
| 1920 | Dijamant Beton03128423 · Budva | <0.1% | 35,936€ | -38.6% | 853€ | 2.4% | 1 | 676€ |
| 1921 | Kabelnet03129454 · Podgorica | <0.1% | 35,889€ | +78.9% | -12,819€ | -35.7% | 5 | 667€ |
| 1922 | Altun03677362 · Budva | <0.1% | 35,860€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,842€ | 21.9% | 1 | 1,204€ |
| 1923 | Tinjalica03750167 · Zeta | <0.1% | 35,820€ | No filing for 2024. | 6,289€ | 17.6% | 1 | — |
| 1924 | Demax Group03710904 · Bijelo Polje | <0.1% | 35,786€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,319€ | 31.6% | 2 | 931€ |
| 1925 | Amm Fermax03279944 · Budva | <0.1% | 35,695€ | -26.3% | -11,281€ | -31.6% | 1 | 2,300€ |
| 1926 | Žukić02756315 · Kotor | <0.1% | 35,687€ | +31.3% | -4,992€ | -14.0% | 2 | 694€ |
| 1927 | Florina02855321 · Herceg Novi | <0.1% | 35,669€ | -57.3% | -22,088€ | -61.9% | 3 | 680€ |
| 1928 | Elz Company03670856 · Budva | <0.1% | 35,596€ | +84.5% | -6,231€ | -17.5% | 2 | 879€ |
| 1929 | Irka03564401 · Berane | <0.1% | 35,592€ | +13.2% | -3,920€ | -11.0% | 1 | 3,217€ |
| 1930 | Kayo Decor03725227 · Podgorica | <0.1% | 35,504€ | No filing for 2024. | -1,241€ | -3.5% | 3 | 800€ |
| 1931 | VDT Studio03386490 · Podgorica | <0.1% | 35,437€ | -24.9% | 1,078€ | 3.0% | 2 | 307€ |
| 1932 | Vujošević Union Trade02900033 · Tivat | <0.1% | 35,431€ | +426.6% | 14,550€ | 41.1% | 1 | 727€ |
| 1933 | Amv Šekularac03736326 · Berane | <0.1% | 35,360€ | No filing for 2024. | 4,109€ | 11.6% | 2 | 685€ |
| 1934 | Hidro-Varagić03753654 · Podgorica | <0.1% | 35,351€ | No filing for 2024. | 10,828€ | 30.6% | 1 | 490€ |
| 1935 | Prima Elektro02695642 · Herceg Novi | <0.1% | 35,326€ | +23.0% | 954€ | 2.7% | 2 | 639€ |
| 1936 | Quasar02692643 · Podgorica | <0.1% | 35,288€ | -5.2% | -1,514€ | -4.3% | 1 | 678€ |
| 1937 | Rakova Noga03272109 · Herceg Novi | <0.1% | 35,132€ | 0.0% | 4,592€ | 13.1% | 4 | — |
| 1938 | Const - Adapt03786234 · Podgorica | <0.1% | 35,019€ | No filing for 2024. | 360€ | 1.0% | 1 | 302€ |
| 1939 | Haemus03498034 · Bar | <0.1% | 34,996€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,511€ | 41.5% | 1 | 1,338€ |
| 1940 | Clarson Properties Limited02669480 · Budva | <0.1% | 34,685€ | +97.2% | 9,881€ | 28.5% | 1 | 768€ |
| 1941 | Univerzal Projekt Komerc03605418 · Podgorica | <0.1% | 34,656€ | -9.8% | 5,685€ | 16.4% | 1 | 339€ |
| 1942 | Inicijal Projekt02707144 · Herceg Novi | <0.1% | 34,653€ | +890.7% | 830€ | 2.4% | 2 | 735€ |
| 1943 | Zlajić Enterijer03308880 · Bijelo Polje | <0.1% | 34,637€ | -49.5% | -6,109€ | -17.6% | 3 | — |
| 1944 | Klimatizuj Me03746291 · Podgorica | <0.1% | 34,548€ | No filing for 2024. | 8,507€ | 24.6% | 1 | 496€ |
| 1945 | Novitović02409658 · Herceg Novi | <0.1% | 34,409€ | +57.6% | 302€ | 0.9% | 2 | 678€ |
| 1946 | Montenegro Land02446758 · Podgorica | <0.1% | 34,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 28,539€ | 83.3% | 1 | — |
| 1947 | Misa03718085 · Podgorica | <0.1% | 34,221€ | No filing for 2024. | -10,093€ | -29.5% | 1 | 1,161€ |
| 1948 | M&R Lux PG03782492 · Podgorica | <0.1% | 34,213€ | No filing for 2024. | 16,084€ | 47.0% | 3 | — |
| 1949 | Bit Info02909014 · Podgorica | <0.1% | 34,029€ | -29.4% | -9,700€ | -28.5% | 4 | — |
| 1950 | Ilayda03212351 · Budva | <0.1% | 33,892€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,748€ | 76.0% | 1 | 679€ |