Revenue
57.1% of sector revenue
1,855 companies earned 1.17b€ in 2025, 57.1% of Construction sector revenue. Revenue has grown 3.5× since 2015.
57.1% of sector revenue
1,075 with at most one employee
Largest employer: Bemax (134)
Median company 2.1% · 34% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 551–600 of 1,855
* 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 →
Profit excludes 4 filings with an implausible profit.
Totals include 8 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 339,170,395€ | 646 |
| 2016 | 409,084,630€ | 704 |
| 2017 | 538,686,684€ | 783 |
| 2018 | 565,309,113€ | 979 |
| 2019 | 755,222,719€ | 1,110 |
| 2020 | 527,687,241€ | 1,222 |
| 2021 | 465,629,933€ | 1,344 |
| 2022 | 667,728,208€ | 1,500 |
| 2023 | 735,632,804€ | 1,717 |
| 2024 | 860,797,103€ | 1,853 |
| 2025 (Preliminary) | 1,171,418,644€ | 1,855 |
The number of companies jumped most in 2018: from 783 to 979.
Employees and payroll cost per employee per month*
<0.1% |
| 116,700€ |
| +35,697.5% |
| 45,189€ |
| 38.7% |
| 1 |
| 923€ |
| 553 | N&M Caković03232581 · Danilovgrad | <0.1% | 116,465€ | -18.9% | 5,243€ | 4.5% | 2 | 657€ |
| 554 | Lux Residence03334848 · Zeta | <0.1% | 114,794€ | +32.1% | -80,691€ | -70.3% | 1 | 1,179€ |
| 555 | Tim Com03657094 · Cetinje | <0.1% | 114,013€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 19,003€ | 16.7% | 1 | 825€ |
| 556 | BKS Inženjering03173003 · Podgorica | <0.1% | 112,953€ | +275,395.1% | 10,096€ | 8.9% | 2 | 929€ |
| 557 | Pashasoy Construction03793338 · Budva | <0.1% | 111,785€ | No filing for 2024. | 42,193€ | 37.7% | 1 | — |
| 558 | Cvijovic Kop03708934 · Herceg Novi | <0.1% | 111,043€ | +1,628.3% | 1,430€ | 1.3% | 1 | 3,386€ |
| 559 | Space House02732912 · Podgorica | <0.1% | 110,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 89,644€ | 81.5% | 1 | 741€ |
| 560 | Monti Company03423077 · Budva | <0.1% | 109,563€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,283€ | 20.3% | 1 | 561€ |
| 561 | Z.S.Company03395219 · Tivat | <0.1% | 108,975€ | -35.8% | 5,283€ | 4.8% | 4 | 689€ |
| 562 | 10 Plus03651860 · Budva | <0.1% | 108,591€ | +27.5% | 49,152€ | 45.3% | 1 | 423€ |
| 563 | M.V. Inžinjering03158101 · Herceg Novi | <0.1% | 108,435€ | -18.6% | 6,402€ | 5.9% | 5 | 708€ |
| 564 | Monthellenic Kyriakos02622530 · Podgorica | <0.1% | 108,404€ | -63.9% | 2,341€ | 2.2% | 6 | 827€ |
| 565 | Estrih Lider03305511 · Budva | <0.1% | 108,280€ | -81.3% | -374,640€ | -346.0% | 50 | 805€ |
| 566 | Design-Build03331881 · Podgorica | <0.1% | 107,654€ | +421.0% | 11,016€ | 10.2% | 5 | 1,243€ |
| 567 | K&M- Gradnja03673332 · Budva | <0.1% | 107,412€ | +995.0% | 33,622€ | 31.3% | 1 | 733€ |
| 568 | Casa Valdanos02755742 · Bar | <0.1% | 107,101€ | -32.7% | -82,083€ | -76.6% | 1 | 677€ |
| 569 | Zen Construction03163024 · Podgorica | <0.1% | 106,918€ | -67.8% | 1,911€ | 1.8% | 3 | 1,588€ |
| 570 | Budva Investments Apartments03315703 · Podgorica | <0.1% | 105,646€ | +96.2% | -7,921€ | -7.5% | 1 | 549€ |
| 571 | Eylul Turizm Insaat03366995 · Herceg Novi | <0.1% | 105,644€ | -73.3% | -210,572€ | -199.3% | 13 | 651€ |
| 572 | Kraft Construction03281094 · Tivat | <0.1% | 104,118€ | -80.5% | -28,280€ | -27.2% | 1 | 337€ |
| 573 | Gulić - Gradnja02372568 · Bar | <0.1% | 103,967€ | -26.2% | -4,359€ | -4.2% | 3 | 466€ |
| 574 | Aqua Vista02711583 · Herceg Novi | <0.1% | 103,347€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5€ | -0.0% | 1 | 7,529€ |
| 575 | Domostil03711315 · Podgorica | <0.1% | 103,287€ | +932.9% | 62,614€ | 60.6% | 1 | — |
| 576 | Loreto03013707 · Cetinje | <0.1% | 103,236€ | +55.9% | 17,637€ | 17.1% | 1 | 1,072€ |
| 577 | Antis Montenegro03194906 · Budva | <0.1% | 102,738€ | +128.3% | -23,775€ | -23.1% | 2 | — |
| 578 | ZCH Kardesler03612384 · Budva | <0.1% | 101,856€ | +539.0% | -15,685€ | -15.4% | 1 | 9,516€ |
| 579 | Lipah Team03648788 · Budva | <0.1% | 101,745€ | +22.3% | 45€ | 0.0% | 2 | 1,260€ |
| 580 | Alexa03242374 · Tuzi | <0.1% | 101,365€ | -73.3% | -4,199€ | -4.1% | 5 | 1,081€ |
| 581 | Skoko Gradnja02909561 · Podgorica | <0.1% | 100,000€ | +98.3% | 9,779€ | 9.8% | 1 | 883€ |
| 582 | Vukićević Plafonex03410838 · Nikšić | <0.1% | 98,803€ | -6.2% | -7,558€ | -7.6% | 4 | 552€ |
| 583 | Dijari03096505 · Ulcinj | <0.1% | 98,388€ | -49.2% | 70,667€ | 71.8% | 2 | 848€ |
| 584 | Žitomlin02814463 · Nikšić | <0.1% | 98,362€ | -8.0% | 2,028€ | 2.1% | 1 | 552€ |
| 585 | Id Plus02807041 · Budva | <0.1% | 97,777€ | -75.6% | -204,175€ | -208.8% | 4 | 1,329€ |
| 586 | Arhitron02655233 · Budva | <0.1% | 97,005€ | -0.5% | 31,571€ | 32.5% | 3 | 635€ |
| 587 | Mason&Smith Development03165167 · Tivat | <0.1% | 94,418€ | +95.0% | 17,654€ | 18.7% | 1 | 678€ |
| 588 | Horizont Investment Group03279464 · Podgorica | <0.1% | 93,130€ | -66.0% | 50,052€ | 53.7% | 1 | 1,061€ |
| 589 | Gigi Gradnja03687210 · Podgorica | <0.1% | 91,005€ | +168.2% | -14,906€ | -16.4% | 2 | 678€ |
| 590 | Jedro Gradnja03591751 · Budva | <0.1% | 88,779€ | +235.9% | 515€ | 0.6% | 1 | 1,476€ |
| 591 | Bau Group03659658 · Herceg Novi | <0.1% | 88,095€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,212€ | 10.5% | 1 | 1,751€ |
| 592 | Urban Invest03279022 · Podgorica | <0.1% | 87,872€ | -31.0% | -36,274€ | -41.3% | 2 | 1,101€ |
| 593 | Scandi-NK03711404 · Nikšić | <0.1% | 87,654€ | +318.5% | 10,918€ | 12.5% | 3 | 1,058€ |
| 594 | Gojković Company03673502 · Berane | <0.1% | 87,372€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,694€ | 6.5% | 1 | 904€ |
| 595 | Građevinsko Preduzeće GSV02631067 · Podgorica | <0.1% | 87,303€ | -34.9% | -17,817€ | -20.4% | 7 | 714€ |
| 596 | Ing - Gradište03244113 · Podgorica | <0.1% | 87,295€ | +166.5% | 7,895€ | 9.0% | 1 | 452€ |
| 597 | Strelnikov Development Group03541622 · Bar | <0.1% | 86,777€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 8,930€ | 10.3% | 1 | 981€ |
| 598 | Trut03308251 · Berane | <0.1% | 83,046€ | -0.5% | -21,932€ | -26.4% | 5 | 1,744€ |
| 599 | Alk Nekretnine03467244 · Podgorica | <0.1% | 82,645€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,035€ | 35.1% | 0 | — |
| 600 | Karpoš03532780 · Podgorica | <0.1% | 82,508€ | +66.4% | 54,086€ | 65.6% | 1 | — |