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 651–700 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% |
| 60,784€ |
| -50.3% |
| 7,339€ |
| 12.1% |
| 2 |
| 1,195€ |
| 653 | Pizzarotti Montenegro03070778 · Herceg Novi | <0.1% | 60,675€ | +84.8% | -74,935€ | -123.5% | 2 | 1,904€ |
| 654 | Adc03115046 · Herceg Novi | <0.1% | 60,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 51,232€ | 85.4% | 1 | — |
| 655 | Home Invest Co02653010 · Budva | <0.1% | 59,944€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,790€ | 16.3% | 2 | 2,025€ |
| 656 | Softić Gradnja03678849 · Bijelo Polje | <0.1% | 59,583€ | +264.3% | -4,058€ | -6.8% | 5 | 1,027€ |
| 657 | Per Astra02774674 · Podgorica | <0.1% | 59,347€ | +5,194.1% | -13,000€ | -21.9% | 3 | 1,043€ |
| 658 | Central Hill03227383 · Podgorica | <0.1% | 58,503€ | -91.7% | 45,313€ | 77.5% | 1 | 338€ |
| 659 | Noah Invest03578771 · Tuzi | <0.1% | 58,347€ | +76.5% | -4,967€ | -8.5% | 3 | 1,369€ |
| 660 | Lovćeninvest02017555 · Podgorica | <0.1% | 57,762€ | -88.8% | -162,916€ | -282.0% | 5 | 1,223€ |
| 661 | Euromont Gradnja03162672 · Podgorica | <0.1% | 57,500€ | +432.4% | 26,541€ | 46.2% | 2 | 364€ |
| 662 | Maljišta Group03738922 · Bijelo Polje | <0.1% | 56,853€ | No filing for 2024. | 821€ | 1.4% | 2 | 592€ |
| 663 | MKM Mattone Doro03430618 · Herceg Novi | <0.1% | 56,476€ | -67.5% | -114,418€ | -202.6% | 11 | 602€ |
| 664 | Adađo03101371 · Podgorica | <0.1% | 56,321€ | -72.5% | -37,967€ | -67.4% | 3 | 1,087€ |
| 665 | Falcon Bros03690806 · Cetinje | <0.1% | 56,243€ | +5,524.3% | 727€ | 1.3% | 1 | 594€ |
| 666 | Merkel Inmarkel Invest03625621 · Herceg Novi | <0.1% | 55,051€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -34,130€ | -62.0% | 1 | 678€ |
| 667 | Design & Co03145824 · Kotor | <0.1% | 54,806€ | -91.3% | -190,444€ | -347.5% | 3 | 1,609€ |
| 668 | Dan Hamm03761967 · Budva | <0.1% | 54,655€ | No filing for 2024. | 7,143€ | 13.1% | 1 | 417€ |
| 669 | M3S03714497 · Berane | <0.1% | 54,154€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,246€ | -31.8% | 1 | 2,260€ |
| 670 | RB Gradnja03357805 · Berane | <0.1% | 53,950€ | +41.8% | -28,879€ | -53.5% | 3 | 1,676€ |
| 671 | Innex03403530 · Bijelo Polje | <0.1% | 53,640€ | +161.5% | 37,205€ | 69.4% | 1 | 677€ |
| 672 | Comfort Home03284069 · Ulcinj | <0.1% | 53,327€ | +5,332,600.0% | 1,614€ | 3.0% | 2 | 1,141€ |
| 673 | Niko Construction03760847 · Bar | <0.1% | 53,058€ | No filing for 2024. | 14,663€ | 27.6% | 1 | 388€ |
| 674 | Crnovršanin03304078 · Herceg Novi | <0.1% | 52,906€ | -60.4% | -13,192€ | -24.9% | 3 | 1,421€ |
| 675 | Ndreka Company03348610 · Herceg Novi | <0.1% | 52,229€ | +319.5% | 295€ | 0.6% | 3 | 754€ |
| 676 | Regal Adriatic03441296 · Podgorica | <0.1% | 51,783€ | -57.9% | -47,390€ | -91.5% | 4 | 767€ |
| 677 | Blue Green Hotel Supply03387143 · Tivat | <0.1% | 51,176€ | -64.6% | -23,814€ | -46.5% | 2 | — |
| 678 | Gago Gradnja03500799 · Herceg Novi | <0.1% | 51,096€ | +43.1% | 908€ | 1.8% | 2 | 780€ |
| 679 | Cebra02087855 · Herceg Novi | <0.1% | 51,021€ | -71.3% | -56,917€ | -111.6% | 4 | 799€ |
| 680 | Ved03309886 · Nikšić | <0.1% | 50,075€ | +12,872.8% | 17,120€ | 34.2% | 1 | — |
| 681 | Prosperity Development03655288 · Cetinje | <0.1% | 50,000€ | No filing for 2024. | 46,443€ | 92.9% | 1 | — |
| 682 | Perfect Group02413515 · Podgorica | <0.1% | 49,984€ | -9.4% | 1,791€ | 3.6% | 3 | 1,000€ |
| 683 | BM Invest Building03313620 · Nikšić | <0.1% | 49,764€ | +14.7% | -4,749€ | -9.5% | 1 | 1,395€ |
| 684 | C&A Construction Adaptation03636062 · Podgorica | <0.1% | 49,763€ | +215.4% | 1,107€ | 2.2% | 2 | 549€ |
| 685 | WB Construction03679551 · Tivat | <0.1% | 49,587€ | -17.4% | -63,441€ | -127.9% | 1 | 926€ |
| 686 | Nane Bau03588653 · Bar | <0.1% | 49,587€ | +1,930.6% | 16,351€ | 33.0% | 4 | 342€ |
| 687 | Građevinsko Vuković03131475 · Podgorica | <0.1% | 49,561€ | -0.0% | -1,665€ | -3.4% | 2 | 730€ |
| 688 | Dostas03184919 · Podgorica | <0.1% | 49,262€ | +1,034.5% | 6,283€ | 12.8% | 1 | 1,248€ |
| 689 | NPN Invest Group03314243 · Kotor | <0.1% | 49,058€ | +32.2% | 2,213€ | 4.5% | 2 | — |
| 690 | KSC03114406 · Kotor | <0.1% | 48,333€ | -68.7% | -14,358€ | -29.7% | 6 | 473€ |
| 691 | Tim Plus Invest03277526 · Bijelo Polje | <0.1% | 48,320€ | -0.7% | 2,749€ | 5.7% | 1 | — |
| 692 | WR Radović Inženjering02434466 · Podgorica | <0.1% | 48,204€ | -54.2% | -13,894€ | -28.8% | 3 | 815€ |
| 693 | Sagoma03725154 · Kotor | <0.1% | 48,133€ | No filing for 2024. | 22,238€ | 46.2% | 2 | — |
| 694 | Mahmutović 300%03622690 · Bijelo Polje | <0.1% | 47,717€ | +51.7% | 2,482€ | 5.2% | 4 | 908€ |
| 695 | MG Gradnja03706656 · Berane | <0.1% | 47,626€ | +495.3% | -45,924€ | -96.4% | 4 | 934€ |
| 696 | Arsić Group03777367 · Bar | <0.1% | 47,568€ | No filing for 2024. | 1,149€ | 2.4% | 1 | 2,141€ |
| 697 | NDL Engineering03323021 · Nikšić | <0.1% | 47,559€ | +9.8% | 7,049€ | 14.8% | 1 | 2,974€ |
| 698 | Black Rock03622363 · Herceg Novi | <0.1% | 47,506€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 30,791€ | 64.8% | 1 | 636€ |
| 699 | Alape Gradnja03617157 · Budva | <0.1% | 47,169€ | -72.4% | -5,058€ | -10.7% | 3 | 526€ |
| 700 | Maxterm03663230 · Podgorica | <0.1% | 47,139€ | +24.6% | -1,228€ | -2.6% | 2 | 1,051€ |