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 701–750 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% |
| 46,212€ |
| -17.8% |
| 5,436€ |
| 11.8% |
| 3 |
| 1,127€ |
| 703 | ST Eing03730247 · Bijelo Polje | <0.1% | 45,780€ | No filing for 2024. | -5,085€ | -11.1% | 4 | 765€ |
| 704 | Coskun03157679 · Budva | <0.1% | 45,141€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 20,803€ | 46.1% | 1 | 813€ |
| 705 | Proper Construction03302954 · Kotor | <0.1% | 45,015€ | -26.8% | 892€ | 2.0% | 2 | 508€ |
| 706 | Gat Montenegro03218538 · Budva | <0.1% | 45,002€ | -75.4% | 5,678€ | 12.6% | 1 | 675€ |
| 707 | Duškić Gradnja03159965 · Bar | <0.1% | 44,946€ | -52.0% | 1,412€ | 3.1% | 2 | 763€ |
| 708 | Tokenopolis03381242 · Bar | <0.1% | 44,941€ | -4.8% | -13,098€ | -29.1% | 2 | 865€ |
| 709 | Fenixbu203651444 · Budva | <0.1% | 44,512€ | -58.1% | -5,498€ | -12.4% | 1 | 1,881€ |
| 710 | Krnjača Gradnja03638162 · Podgorica | <0.1% | 43,482€ | -33.5% | 3,031€ | 7.0% | 4 | 618€ |
| 711 | Das Construction03788571 · Tuzi | <0.1% | 43,338€ | No filing for 2024. | -339€ | -0.8% | 5 | — |
| 712 | VS Investments Montenegro03382044 · Herceg Novi | <0.1% | 43,200€ | -67.2% | 23,115€ | 53.5% | 1 | 774€ |
| 713 | Budva Investment Montenegro02905493 · Budva | <0.1% | 42,748€ | -60.7% | -444,644€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | 1,459€ |
| 714 | As Gradnja03216764 · Bijelo Polje | <0.1% | 42,284€ | -13.4% | -12,168€ | -28.8% | 4 | 922€ |
| 715 | Rentals Montenegro03118860 · Tivat | <0.1% | 42,274€ | -68.6% | -56,280€ | -133.1% | 2 | 1,228€ |
| 716 | Akademik03144330 · Podgorica | <0.1% | 42,078€ | +389.3% | 17,267€ | 41.0% | 1 | 512€ |
| 717 | Easy T03632920 · Podgorica | <0.1% | 42,031€ | +15.8% | -64,398€ | -153.2% | 1 | 3,858€ |
| 718 | Jedvaček03747956 · Berane | <0.1% | 41,776€ | No filing for 2024. | -26,295€ | -62.9% | 5 | 1,055€ |
| 719 | X-Inženjering03012263 · Podgorica | <0.1% | 41,550€ | +2.8% | -6,913€ | -16.6% | 1 | 2,808€ |
| 720 | SG-Montenegro Corporation03500853 · Budva | <0.1% | 41,171€ | -74.3% | -15,488€ | -37.6% | 3 | 1,130€ |
| 721 | Rodosto03709094 · Herceg Novi | <0.1% | 41,100€ | No filing for 2024. | 8,295€ | 20.2% | 2 | 1,193€ |
| 722 | Zlatibor Ing03317323 · Podgorica | <0.1% | 40,928€ | -23.7% | -2,111€ | -5.2% | 1 | 450€ |
| 723 | Monte Alamosa Real Estate02634325 · Tivat | <0.1% | 40,833€ | +742.4% | -33,833€ | -82.9% | 3 | 944€ |
| 724 | GPSS03344118 · Podgorica | <0.1% | 40,620€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,137€ | 7.7% | 1 | 678€ |
| 725 | Fontana-Mne03399281 · Ulcinj | <0.1% | 40,498€ | -51.8% | 10,344€ | 25.5% | 2 | 593€ |
| 726 | Kešelj Gradnja03785106 · Nikšić | <0.1% | 40,190€ | No filing for 2024. | 3,780€ | 9.4% | 2 | 1,267€ |
| 727 | Am Gradnja03053598 · Bijelo Polje | <0.1% | 40,168€ | -46.2% | -29,545€ | -73.6% | 3 | 699€ |
| 728 | E2a03175707 · Bar | <0.1% | 39,721€ | +372.2% | 2,634€ | 6.6% | 2 | 341€ |
| 729 | Central Invest03379744 · Podgorica | <0.1% | 39,649€ | +3,964,800.0% | 11,733€ | 29.6% | 1 | 524€ |
| 730 | Archaxis Construction03777669 · Ulcinj | <0.1% | 39,309€ | No filing for 2024. | -13,756€ | -35.0% | 3 | — |
| 731 | Bonila02946645 · Budva | <0.1% | 39,285€ | -18.1% | -61,378€ | -156.2% | 3 | 447€ |
| 732 | M-Construct03783502 · Podgorica | <0.1% | 38,843€ | No filing for 2024. | 611€ | 1.6% | 1 | — |
| 733 | Jet Boat Montenegro03077551 · Budva | <0.1% | 38,797€ | +38.8% | 18,849€ | 48.6% | 1 | 670€ |
| 734 | Montebeton03632016 · Bijelo Polje | <0.1% | 38,777€ | +7,978.5% | 19,286€ | 49.7% | 1 | — |
| 735 | Ayyana03611540 · Rožaje | <0.1% | 38,629€ | +8.3% | 746€ | 1.9% | 1 | 2,133€ |
| 736 | Alpine Monte03768961 · Žabljak | <0.1% | 38,147€ | No filing for 2024. | 11,537€ | 30.2% | 1 | 878€ |
| 737 | HD Invest03358143 · Bijelo Polje | <0.1% | 37,778€ | -65.8% | -31,893€ | -84.4% | 2 | 1,234€ |
| 738 | Sa-Si03535215 · Herceg Novi | <0.1% | 37,246€ | +308.2% | 8,449€ | 22.7% | 3 | 739€ |
| 739 | Dacić Gradnja03595595 · Bar | <0.1% | 37,190€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,790€ | 39.8% | 1 | 677€ |
| 740 | Silux03152901 · Bijelo Polje | <0.1% | 37,171€ | +0.8% | 366€ | 1.0% | 4 | 657€ |
| 741 | Quattro Construction Group03692728 · Nikšić | <0.1% | 36,638€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,471€ | 6.7% | 2 | 1,097€ |
| 742 | Dom-Monte02671433 · Kotor | <0.1% | 36,509€ | +30.7% | 5,385€ | 14.7% | 1 | 1,415€ |
| 743 | Žukić02756315 · Kotor | <0.1% | 35,687€ | +31.3% | -4,992€ | -14.0% | 2 | 694€ |
| 744 | Irka03564401 · Berane | <0.1% | 35,592€ | +13.2% | -3,920€ | -11.0% | 1 | 3,217€ |
| 745 | Haemus03498034 · Bar | <0.1% | 34,996€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,511€ | 41.5% | 1 | 1,338€ |
| 746 | Misa03718085 · Podgorica | <0.1% | 34,221€ | No filing for 2024. | -10,093€ | -29.5% | 1 | 1,161€ |
| 747 | Ilayda03212351 · Budva | <0.1% | 33,892€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,748€ | 76.0% | 1 | 679€ |
| 748 | Interstellar03474305 · Bijelo Polje | <0.1% | 33,656€ | -44.3% | 1,199€ | 3.6% | 1 | 1,604€ |
| 749 | Lu - Mar Construction03326217 · Bar | <0.1% | 33,651€ | -69.9% | -69,492€ | -206.5% | 3 | 739€ |
| 750 | Vering03154998 · Budva | <0.1% | 33,272€ | +187.1% | 13,245€ | 39.8% | 1 | 336€ |