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 2951–3000 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* |
|---|
| 2951 | Martico Group03495213 · Bar | <0.1% | 936€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,944€ | -848.7% | 1 | 726€ |
| 2952 | Afro Keramic03333132 · Ulcinj | <0.1% | 924€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,366€ | -797.2% | 1 | 678€ |
| 2953 | Area Developments03412148 · Herceg Novi | <0.1% | 922€ | -98.1% | -33,372€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 731€ |
| 2954 | SC Gradnja03800997 · Berane | <0.1% | 920€ | No filing for 2024. | -1,448€ | -157.4% | 0 | — |
| 2955 | Green Island03607534 · Bar | <0.1% | 900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,001€ | -889.0% | 1 | 678€ |
| 2956 | Deki - MK03122816 · Budva | <0.1% | 890€ | -88.5% | -7,740€ | -869.7% | 1 | 677€ |
| 2957 | P-Elektron03785122 · Bar | <0.1% | 888€ | No filing for 2024. | -101€ | -11.4% | 1 | — |
| 2958 | Fumka Construction & Landscape03258181 · Bar | <0.1% | 880€ | +78.5% | -53,398€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2959 | W&N Hidroizolacija03805123 · Tivat | <0.1% | 873€ | No filing for 2024. | -730€ | -83.6% | 1 | — |
| 2960 | Moj Dom02857766 · Herceg Novi | <0.1% | 869€ | +16.3% | -4,746€ | -546.1% | 1 | 460€ |
| 2961 | Allianz Montenegro03669122 · Podgorica | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,363€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 2962 | Tokariev.Pro03397769 · Budva | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,158€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,327€ |
| 2963 | Am Inženjering03359999 · Podgorica | <0.1% | 826€ | -97.5% | -7,947€ | -962.1% | 1 | 678€ |
| 2964 | Graf Construction03279553 · Berane | <0.1% | 813€ | -99.1% | -27,385€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 831€ |
| 2965 | Construction Team03696057 · Budva | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,622€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 695€ |
| 2966 | Orbita Tula03526097 · Podgorica | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,865€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 2967 | Ant Group03660915 · Podgorica | <0.1% | 793€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,223€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2968 | Sun Sea Developments02624800 · Kotor | <0.1% | 749€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60,652€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 508€ |
| 2969 | Savadoor03632768 · Podgorica | <0.1% | 695€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,987€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2970 | LD Invest03739562 · Podgorica | <0.1% | 681€ | No filing for 2024. | 115€ | 16.9% | 1 | — |
| 2971 | Berger Company03773914 · Podgorica | <0.1% | 680€ | No filing for 2024. | -1,490€ | -219.1% | 1 | — |
| 2972 | Baja-Bager03738264 · Pljevlja | <0.1% | 670€ | No filing for 2024. | -10,131€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 554€ |
| 2973 | Uskok02394561 · Herceg Novi | <0.1% | 661€ | +99.7% | -31,729€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 2974 | Theme Construction03184889 · Podgorica | <0.1% | 657€ | -64.7% | -17,978€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2975 | Erg03289389 · Podgorica | <0.1% | 637€ | -99.0% | -12,817€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 824€ |
| 2976 | NG Cons Group03654354 · Podgorica | <0.1% | 625€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,653€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 512€ |
| 2977 | Allied Group03742903 · Podgorica | <0.1% | 580€ | No filing for 2024. | -6,191€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 528€ |
| 2978 | Umka02685566 · Bar | <0.1% | 550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,512€ | -274.9% | 1 | — |
| 2979 | Ulmax03258653 · Herceg Novi | <0.1% | 550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,626€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2980 | Mandir02447533 · Budva | <0.1% | 544€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,982€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 5 | 635€ |
| 2981 | Electra E.D.03723704 · Tuzi | <0.1% | 500€ | No filing for 2024. | -15,114€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 2982 | Tony & Co03358178 · Podgorica | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,861€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 2983 | Stan Projekt02667487 · Podgorica | <0.1% | 500€ | -99.8% | -7,318€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 2984 | Park Construction03458725 · Tivat | <0.1% | 495€ | +49,400.0% | -14,616€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 2985 | Global Capital Solutions03600777 · Herceg Novi | <0.1% | 487€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -118,509€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2986 | Hidro-Građevinar02313138 · Nikšić | <0.1% | 474€ | -99.7% | -24,208€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 642€ |
| 2987 | Home Heat03250741 · Bar | <0.1% | 469€ | -72.1% | -7,786€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 681€ |
| 2988 | Gips - Trade02761335 · Podgorica | <0.1% | 456€ | -99.7% | -1,606€ | -352.2% | 1 | — |
| 2989 | Ndrekaj03156168 · Tuzi | <0.1% | 454€ | -94.9% | -11,199€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 346€ |
| 2990 | Menhan Group03748952 · Ulcinj | <0.1% | 450€ | No filing for 2024. | -25,788€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 5 | 437€ |
| 2991 | Rugino03212416 · Budva | <0.1% | 450€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,245€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 801€ |
| 2992 | Vuletic Company As03747859 · Budva | <0.1% | 450€ | No filing for 2024. | -4,060€ | -902.2% | 1 | 357€ |
| 2993 | Zlatni Presjek03736407 · Podgorica | <0.1% | 450€ | No filing for 2024. | -7,336€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 2994 | V & K Montenegro02638746 · Herceg Novi | <0.1% | 420€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,140€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2995 | VB Invest03744256 · Herceg Novi | <0.1% | 401€ | No filing for 2024. | -7,959€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 473€ |
| 2996 | Arkhe03400328 · Budva | <0.1% | 400€ | -90.7% | -10,949€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2997 | Nermax03758745 · Kotor | <0.1% | 400€ | No filing for 2024. | -4,684€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 423€ |
| 2998 | Green Land Rezevici03151425 · Budva | <0.1% | 371€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,055€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 2999 | Marllos02971216 · Podgorica | <0.1% | 356€ | -35.3% | 0€ | 0.0% | 1 | — |
| 3000 | TLG Company Mne03331776 · Podgorica | <0.1% | 331€ | -99.1% | -9,847€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |