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 1001–1050 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% |
| 1,901€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -6,275€ |
| -330.1% |
| 1 |
| 674€ |
| 1003 | Alex Petro Max Invest02643910 · Tivat | <0.1% | 1,891€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,504€ | -185.3% | 0 | — |
| 1004 | Gradiš A?03668851 · Podgorica | <0.1% | 1,890€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -41,355€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 3,281€ |
| 1005 | Budva Projects 01-A02885492 · Budva | <0.1% | 1,692€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,550€ | -209.8% | 1 | — |
| 1006 | Alumarch03778703 · Herceg Novi | <0.1% | 1,653€ | No filing for 2024. | -6,449€ | -390.1% | 1 | 464€ |
| 1007 | Jelgrad02086999 · Budva | <0.1% | 1,653€ | -64.8% | -18,381€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 675€ |
| 1008 | World Grup03751929 · Podgorica | <0.1% | 1,653€ | No filing for 2024. | -3,512€ | -212.5% | 0 | — |
| 1009 | Adriatica Building Company03327175 · Ulcinj | <0.1% | 1,640€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,297€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 509€ |
| 1010 | Sila Gradnja03787613 · Kotor | <0.1% | 1,630€ | No filing for 2024. | -2,976€ | -182.6% | 1 | — |
| 1011 | Project Mechanic03687996 · Podgorica | <0.1% | 1,601€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,697€ | -918.0% | 1 | 929€ |
| 1012 | Proconstruct Engineers03667839 · Budva | <0.1% | 1,540€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,585€ | -492.5% | 1 | 675€ |
| 1013 | Meren03386872 · Tivat | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,681€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 673€ |
| 1014 | Ricardo Residence03626849 · Ulcinj | <0.1% | 1,364€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,157€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 608€ |
| 1015 | En - Al Gradnja02818663 · Bar | <0.1% | 1,250€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,367€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | 423€ |
| 1016 | Al - Fadino03124380 · Ulcinj | <0.1% | 1,008€ | +510.9% | -7,595€ | -753.5% | 1 | 677€ |
| 1017 | Unsimple Group03762661 · Podgorica | <0.1% | 941€ | No filing for 2024. | -939€ | -99.8% | 1 | — |
| 1018 | Fumka Construction & Landscape03258181 · Bar | <0.1% | 880€ | +78.5% | -53,398€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1019 | Allianz Montenegro03669122 · Podgorica | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,363€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 1020 | Tokariev.Pro03397769 · Budva | <0.1% | 850€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,158€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,327€ |
| 1021 | Construction Team03696057 · Budva | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,622€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 695€ |
| 1022 | Orbita Tula03526097 · Podgorica | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,865€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 676€ |
| 1023 | Sun Sea Developments02624800 · Kotor | <0.1% | 749€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60,652€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 508€ |
| 1024 | LD Invest03739562 · Podgorica | <0.1% | 681€ | No filing for 2024. | 115€ | 16.9% | 1 | — |
| 1025 | Uskok02394561 · Herceg Novi | <0.1% | 661€ | +99.7% | -31,729€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 1026 | Theme Construction03184889 · Podgorica | <0.1% | 657€ | -64.7% | -17,978€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1027 | NG Cons Group03654354 · Podgorica | <0.1% | 625€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,653€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 512€ |
| 1028 | Mandir02447533 · Budva | <0.1% | 544€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,982€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 5 | 635€ |
| 1029 | Tony & Co03358178 · Podgorica | <0.1% | 500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,861€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 927€ |
| 1030 | Stan Projekt02667487 · Podgorica | <0.1% | 500€ | -99.8% | -7,318€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 338€ |
| 1031 | Park Construction03458725 · Tivat | <0.1% | 495€ | +49,400.0% | -14,616€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1032 | Global Capital Solutions03600777 · Herceg Novi | <0.1% | 487€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -118,509€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1033 | Hidro-Građevinar02313138 · Nikšić | <0.1% | 474€ | -99.7% | -24,208€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 3 | 642€ |
| 1034 | Rugino03212416 · Budva | <0.1% | 450€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,245€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 801€ |
| 1035 | V & K Montenegro02638746 · Herceg Novi | <0.1% | 420€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,140€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 1036 | VB Invest03744256 · Herceg Novi | <0.1% | 401€ | No filing for 2024. | -7,959€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 473€ |
| 1037 | TLG Company Mne03331776 · Podgorica | <0.1% | 331€ | -99.1% | -9,847€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1038 | Stojanović Geotech03805654 · Podgorica | <0.1% | 300€ | No filing for 2024. | 22€ | 7.3% | 1 | — |
| 1039 | 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€ |
| 1040 | 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€ |
| 1041 | 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€ |
| 1042 | 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 | — |
| 1043 | 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€ |
| 1044 | 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€ |
| 1045 | 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€ |
| 1046 | 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€ |
| 1047 | 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€ |
| 1048 | 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 | — |
| 1049 | 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€ |
| 1050 | 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€ |