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 2051–2100 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* |
|---|
| 2051 | Edy-Put02872382 · Bijelo Polje | <0.1% | 28,915€ | +83.6% | 1,224€ | 4.2% | 2 | 1,015€ |
| 2052 | Zimel02751461 · Nikšić | <0.1% | 28,911€ | -77.6% | 1,271€ | 4.4% | 1 | 676€ |
| 2053 | Termoelektro-Gutić03532500 · Bijelo Polje | <0.1% | 28,894€ | +30.5% | -617€ | -2.1% | 1 | 389€ |
| 2054 | Gazi Construction03369650 · Tuzi | <0.1% | 28,827€ | +21.6% | 15,301€ | 53.1% | 1 | 969€ |
| 2055 | Aqua Režim03764818 · Danilovgrad | <0.1% | 28,783€ | No filing for 2024. | 674€ | 2.3% | 2 | 520€ |
| 2056 | Femo03083306 · Kotor | <0.1% | 28,742€ | +58.9% | -19,642€ | -68.3% | 2 | 338€ |
| 2057 | Keramika Krgović03716015 · Bijelo Polje | <0.1% | 28,720€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,518€ | 26.2% | 1 | 1,368€ |
| 2058 | Mma-Cop03679985 · Rožaje | <0.1% | 28,596€ | +481.2% | 5,371€ | 18.8% | 2 | 855€ |
| 2059 | Luxal 05103168379 · Berane | <0.1% | 28,571€ | -24.1% | 3,743€ | 13.1% | 3 | 567€ |
| 2060 | Elektro Bojanić03537455 · Podgorica | <0.1% | 28,534€ | +16.6% | 1,677€ | 5.9% | 1 | 887€ |
| 2061 | Dervishi Elektro03638316 · Ulcinj | <0.1% | 28,503€ | +33.4% | 7,879€ | 27.6% | 2 | 678€ |
| 2062 | Ikan02965437 · Rožaje | <0.1% | 28,456€ | -93.2% | -128,664€ | -452.2% | 1 | 785€ |
| 2063 | Idus Trans03648427 · Bijelo Polje | <0.1% | 28,421€ | -68.3% | -14,899€ | -52.4% | 2 | 717€ |
| 2064 | Sokoprojekt03240797 · Podgorica | <0.1% | 28,418€ | +31.9% | 2,227€ | 7.8% | 1 | — |
| 2065 | Eloksir Plus02629615 · Berane | <0.1% | 28,381€ | -70.7% | -23,758€ | -83.7% | 3 | 676€ |
| 2066 | Vertical Works03431789 · Nikšić | <0.1% | 28,377€ | +32.4% | -6,030€ | -21.2% | 1 | 1,012€ |
| 2067 | Helena Gradnja03650162 · Berane | <0.1% | 28,334€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -329€ | -1.2% | 2 | 930€ |
| 2068 | Namještaj Gutović03589820 · Nikšić | <0.1% | 28,320€ | +5.9% | -4,379€ | -15.5% | 4 | 647€ |
| 2069 | Tehno-Sarap02225301 · Budva | <0.1% | 28,181€ | -13.9% | -23,078€ | -81.9% | 2 | 855€ |
| 2070 | Šapić Gradnja03246680 · Herceg Novi | <0.1% | 28,160€ | +2.9% | 154€ | 0.5% | 3 | 730€ |
| 2071 | Madison Group03571394 · Budva | <0.1% | 28,114€ | +602.9% | 11,386€ | 40.5% | 2 | 696€ |
| 2072 | Magic Dekor02813696 · Budva | <0.1% | 28,114€ | +143.8% | 3,365€ | 12.0% | 3 | 549€ |
| 2073 | Stone Art Lakić03756246 · Tivat | <0.1% | 28,008€ | No filing for 2024. | 13,084€ | 46.7% | 1 | 676€ |
| 2074 | Hidroterm Energy03322785 · Podgorica | <0.1% | 27,967€ | +219.6% | 2,606€ | 9.3% | 1 | 696€ |
| 2075 | Drišer03243630 · Herceg Novi | <0.1% | 27,956€ | +41.7% | -7,254€ | -25.9% | 2 | 749€ |
| 2076 | Smart Forma03115844 · Podgorica | <0.1% | 27,931€ | -1.0% | 470€ | 1.7% | 1 | — |
| 2077 | Ze - Enterijer03296652 · Bijelo Polje | <0.1% | 27,879€ | +7.0% | 1,671€ | 6.0% | 1 | 677€ |
| 2078 | Im Group03121330 · Budva | <0.1% | 27,774€ | -97.4% | -230,344€ | -829.4% | 6 | 1,212€ |
| 2079 | Elektro Lukač03494373 · Bar | <0.1% | 27,769€ | +3.2% | -25,149€ | -90.6% | 5 | 543€ |
| 2080 | Entri Mont03656543 · Budva | <0.1% | 27,745€ | +501.7% | 6,691€ | 24.1% | 1 | 335€ |
| 2081 | JVL Gradnja03737543 · Berane | <0.1% | 27,683€ | No filing for 2024. | 9,380€ | 33.9% | 1 | 1,409€ |
| 2082 | Sandwichfacade03543692 · Tivat | <0.1% | 27,647€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,170€ | 40.4% | 1 | 677€ |
| 2083 | Mne Construction03725294 · Rožaje | <0.1% | 27,635€ | No filing for 2024. | -9,237€ | -33.4% | 2 | 699€ |
| 2084 | Ariston02417618 · Plav | <0.1% | 27,631€ | -58.6% | -9,990€ | -36.2% | 2 | 684€ |
| 2085 | HT Sistem03233979 · Herceg Novi | <0.1% | 27,626€ | -16.0% | -11,044€ | -40.0% | 1 | 678€ |
| 2086 | Keramont Invest03517179 · Bijelo Polje | <0.1% | 27,613€ | +34.7% | 17€ | 0.1% | 2 | 1,085€ |
| 2087 | Mon Ami Bellisimo03651606 · Berane | <0.1% | 27,587€ | +131.2% | 4,948€ | 17.9% | 2 | 867€ |
| 2088 | Wahkeen03553710 · Budva | <0.1% | 27,544€ | +94.9% | 9,438€ | 34.3% | 1 | 742€ |
| 2089 | Building Engineering Group03582060 · Budva | <0.1% | 27,473€ | -4.2% | 3,419€ | 12.4% | 1 | 803€ |
| 2090 | Duga Mont03066762 · Podgorica | <0.1% | 27,465€ | +48.5% | -2,231€ | -8.1% | 2 | 471€ |
| 2091 | Gradnja03591816 · Herceg Novi | <0.1% | 27,420€ | -49.5% | -26,281€ | -95.8% | 1 | 678€ |
| 2092 | Monte Build&Trade03638499 · Podgorica | <0.1% | 27,382€ | +5,376.4% | 382€ | 1.4% | 2 | 906€ |
| 2093 | Montdoor03699021 · Nikšić | <0.1% | 27,360€ | +460.7% | 1,744€ | 6.4% | 1 | 1,941€ |
| 2094 | Euro Drum03243281 · Bijelo Polje | <0.1% | 27,351€ | +20.1% | 4,718€ | 17.2% | 1 | 1,319€ |
| 2095 | DN Company02621690 · Podgorica | <0.1% | 27,345€ | +259.8% | 4,666€ | 17.1% | 1 | 1,830€ |
| 2096 | Drobni Pijesak-CZ Company02842688 · Podgorica | <0.1% | 27,331€ | -71.8% | -121,614€ | -445.0% | 2 | — |
| 2097 | Vodomont Podgorica03755339 · Podgorica | <0.1% | 27,288€ | No filing for 2024. | 2,231€ | 8.2% | 3 | 373€ |
| 2098 | Veradero03342905 · Budva | <0.1% | 27,280€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,203€ | 66.7% | 1 | 754€ |
| 2099 | MG Mne03232174 · Budva | <0.1% | 27,174€ | -17.6% | -4,963€ | -18.3% | 1 | 678€ |
| 2100 | Akovo Com 11103549011 · Berane | <0.1% | 27,140€ | -2.7% | 1,387€ | 5.1% | 1 | 2,026€ |