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 3001–3050 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* |
|---|
| 3001 | Global Engineering Mne03491072 · Herceg Novi | <0.1% | 300€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,891€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 3002 | S.E.S Company03585425 · Podgorica | <0.1% | 300€ | -83.8% | -10,115€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 3003 | Stojanović Geotech03805654 · Podgorica | <0.1% | 300€ | No filing for 2024. | 22€ | 7.3% | 1 | — |
| 3004 | Budva Projects 01-C03269388 · Budva | <0.1% | 288€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,770€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 451€ |
| 3005 | KTL Construction03634205 · Bar | <0.1% | 258€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,902€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 3006 | Reliable People03304752 · Bar | <0.1% | 250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,340€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 707€ |
| 3007 | Tering - Tehnička Rješenja i Inženjering03611604 · Podgorica | <0.1% | 250€ | -97.6% | -12,889€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 611€ |
| 3008 | Inventa02639416 · Budva | <0.1% | 243€ | -99.6% | -9,618€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 339€ |
| 3009 | Synchro North03557774 · Tivat | <0.1% | 240€ | +23,900.0% | -1,455,130€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3010 | LSG03221083 · Bar | <0.1% | 227€ | -99.6% | -132,847€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 2,974€ |
| 3011 | Nexans Norway As02912961 · Podgorica | <0.1% | 225€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,178€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 585€ |
| 3012 | Squadre Speciali03589480 · Podgorica | <0.1% | 206€ | -85.2% | -5,807€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 350€ |
| 3013 | Dolphin Energy & Construction Company03676153 · Podgorica | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,277€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 3014 | RHM Company03713253 · Podgorica | <0.1% | 200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,932€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 642€ |
| 3015 | Termomax Pro03804313 · Berane | <0.1% | 200€ | No filing for 2024. | -856€ | -428.0% | 1 | — |
| 3016 | Terra Global03163237 · Podgorica | <0.1% | 196€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -133,872€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 3017 | Telos03439712 · Tivat | <0.1% | 178€ | +2,866.7% | -20,084€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3018 | Adriabaltic03697894 · Budva | <0.1% | 149€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,590€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 3019 | CG Lux02619237 · Tivat | <0.1% | 140€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -88,898€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3020 | BH Gradnja03230384 · Bar | <0.1% | 138€ | -99.9% | -31,700€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 563€ |
| 3021 | Aag International03450643 · Podgorica | <0.1% | 136€ | -93.0% | -403,639€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 2,559€ |
| 3022 | Izgradnja Mne02462559 · Podgorica | <0.1% | 121€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -68,160€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | — |
| 3023 | Instavolt03804615 · Ulcinj | <0.1% | 120€ | No filing for 2024. | -742€ | -618.3% | 1 | — |
| 3024 | Bonita Invest02859777 · Budva | <0.1% | 114€ | +58.3% | -33,030€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 3025 | CG Hotel03147045 · Tivat | <0.1% | 113€ | +222.9% | -171,169€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,521€ |
| 3026 | Spencer&Hill Construction03239691 · Podgorica | <0.1% | 113€ | -75.2% | -4,466€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 340€ |
| 3027 | H & S Servis03800415 · Nikšić | <0.1% | 100€ | No filing for 2024. | -1,061€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 3028 | Laketić - Kop03757226 · Pljevlja | <0.1% | 100€ | No filing for 2024. | -534€ | -534.0% | 1 | — |
| 3029 | Strong Kop Vlahović03805069 · Podgorica | <0.1% | 100€ | No filing for 2024. | 89€ | 89.0% | 0 | — |
| 3030 | As Construction03258297 · Ulcinj | <0.1% | 90€ | -79.7% | -8,252€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 674€ |
| 3031 | Eco Master03804674 · Podgorica | <0.1% | 87€ | No filing for 2024. | -690€ | -793.1% | 1 | — |
| 3032 | Vicom Development Montenegro03669904 · Tivat | <0.1% | 83€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -95,638€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 679€ |
| 3033 | Lura02636689 · Tivat | <0.1% | 83€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,108€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3034 | Finanzza Real Estate03693201 · Podgorica | <0.1% | 78€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -212,726€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 653€ |
| 3035 | Empresa Mimoza03301818 · Tivat | <0.1% | 77€ | +2,466.7% | -925,042€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 2,610€ |
| 3036 | Butiko 203706877 · Tivat | <0.1% | 71€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,066€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3037 | Rusatoll02643952 · Budva | <0.1% | 58€ | -99.3% | -10,203€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 681€ |
| 3038 | Neimarstvo02631628 · Herceg Novi | <0.1% | 50€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | 0.0% | 1 | — |
| 3039 | Koinvizyon03691896 · Herceg Novi | <0.1% | 50€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,415€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 742€ |
| 3040 | Badem Management03183386 · Tivat | <0.1% | 43€ | -100.0% | -23,083€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 713€ |
| 3041 | Api Novi03528235 · Podgorica | <0.1% | 28€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,117€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 932€ |
| 3042 | Microtechnical Electronic03299562 · Budva | <0.1% | 23€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,013€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3043 | Kale Contractor Company03257568 · Budva | <0.1% | 22€ | No filing for 2024. | -2,014€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 0 | — |
| 3044 | Best Montenegro Investment02465043 · Budva | <0.1% | 22€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,975€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 3045 | Octopus Montenegro03599060 · Herceg Novi | <0.1% | 21€ | -99.8% | -13,008€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 3046 | Madams Palace03152995 · Bar | <0.1% | 20€ | +5.3% | -161,440€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 2,103€ |
| 3047 | Ofek Consalting03116719 · Herceg Novi | <0.1% | 18€ | -99.9% | -7,223€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 3048 | E&S Stroi Group03537021 · Tivat | <0.1% | 11€ | -98.2% | -36,528€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 342€ |
| 3049 | Galeos Invest03547469 · Tivat | <0.1% | 10€ | +400.0% | -26,829€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 929€ |
| 3050 | Winpamon03468020 · Podgorica | <0.1% | 8€ | +700.0% | -49,087€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 3,072€ |