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 3851–3900 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* |
|---|
| 3851 | Adriatic Fish02646625 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,300€ | — | 1 | — |
| 3852 | Investan02917335 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,275€ | — | 1 | — |
| 3853 | P.M. Invest02623862 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,399€ | — | 1 | 675€ |
| 3854 | Andrija Gradnja03397106 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 3855 | Nmonte02714949 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 3856 | Pabo-Tex03227227 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,698€ | — | 1 | 677€ |
| 3857 | Sabina Investments Limited02635275 · Podgorica | 0.0% | 0€ | -100.0% | -12,610€ | — | 1 | 763€ |
| 3858 | Toc Gradnja03341739 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -129,186€ | — | 6 | 1,002€ |
| 3859 | Oren Invest02965135 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,487€ | — | 1 | 679€ |
| 3860 | Adriatic Building02702622 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 679€ |
| 3861 | BM - Invest02844567 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,628€ | — | 1 | 527€ |
| 3862 | HSS Profesional03235203 · Nikšić | 0.0% | 0€ | -100.0% | -26,532€ | — | 2 | 929€ |
| 3863 | Vamax Invest Montenegro02692694 · Podgorica | 0.0% | 0€ | -100.0% | -8,781€ | — | 1 | 645€ |
| 3864 | Buna Property03261298 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,223€ | — | 1 | 678€ |
| 3865 | A.C.K. Insaat03580423 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3866 | O.K.Gradnja02659727 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,561€ | — | 2 | 730€ |
| 3867 | Trepča Invest03797775 · Nikšić | 0.0% | 0€ | No filing for 2024. | -959€ | — | 1 | — |
| 3868 | Karlo Lamar03083535 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 3869 | Taming02853655 · Nikšić | 0.0% | 0€ | -100.0% | -1,687€ | — | — | — |
| 3870 | Jancer03789209 · Nikšić | 0.0% | 0€ | No filing for 2024. | -675€ | — | 1 | — |
| 3871 | Cerovice03636607 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,344€ | — | 1 | 675€ |
| 3872 | Tenth Planet02445891 · Tivat | 0.0% | 0€ | -100.0% | -140,399€ | — | 1 | 735€ |
| 3873 | Vires02621126 · Podgorica | 0.0% | 0€ | -100.0% | -10,229€ | — | 1 | 676€ |
| 3874 | JP Properties02434768 · Herceg Novi | 0.0% | 0€ | -100.0% | -12,623€ | — | 1 | 677€ |
| 3875 | Monami03248518 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -47,984€ | — | 2 | 1,250€ |
| 3876 | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,625€ | — | 1 | — | |
| 3877 | RTP Montenegro03088219 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,987€ | — | 1 | — |
| 3878 | Rajmond02073633 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,343€ | — | 1 | 335€ |
| 3879 | Bereg M02866307 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 3880 | Maltex03297012 · Podgorica | 0.0% | 0€ | -100.0% | -8,462€ | — | 2 | 345€ |
| 3881 | Pro Build02774313 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,051€ | — | 1 | 338€ |
| 3882 | Retroline02843447 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2€ | — | 1 | — |
| 3883 | Mak Gradnja02699095 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,336€ | — | 1 | — |
| 3884 | Marini & Sella02794993 · Ulcinj | 0.0% | 0€ | -100.0% | -16,202€ | — | 2 | 674€ |
| 3885 | Boka Bay Montenegro02988178 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -43,890€ | — | 2 | 772€ |
| 3886 | Fiore Morinj03729281 · Bar | 0.0% | 0€ | No filing for 2024. | -6,633€ | — | 1 | 426€ |
| 3887 | R - Project02639645 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,030€ | — | 1 | — |
| 3888 | Vistar03675599 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,953€ | — | 1 | — |
| 3889 | Arso Milić02064251 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,169€ | — | 1 | 414€ |
| 3890 | Gjoni Construction03686817 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,259€ | — | 1 | 674€ |
| 3891 | 3. Mart02088690 · Podgorica | 0.0% | 0€ | -100.0% | -8,101€ | — | 1 | 675€ |
| 3892 | Vgi - Rivir03077853 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,064€ | — | 1 | — |
| 3893 | Anđelić Gradnja03801462 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,418€ | — | 1 | — |
| 3894 | Boka-Gradnja02677792 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 3895 | DBD Hidro Project03235947 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,052€ | — | 1 | 338€ |
| 3896 | Consalting Group Connection02676940 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,662€ | — | 1 | 575€ |
| 3897 | Monteweek02977818 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,686€ | — | 1 | 500€ |
| 3898 | Alfa Development02903652 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,932€ | — | 1 | 911€ |
| 3899 | Argointer Trading Company02950235 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,861€ | — | 2 | 576€ |
| 3900 | Cihannur Insaat03341747 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,071€ | — | 2 | — |