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 1251–1300 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*
0.0% |
| 0€ |
| No filing for 2024. |
| -39,375€ |
| — |
| 1 |
| 890€ |
| 1253 | Dreammaker03447731 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,728€ | — | 1 | — |
| 1254 | Dunasinvest03110010 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,301€ | — | 1 | 675€ |
| 1255 | Durmitor Capital Holdings03652378 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,682€ | — | 1 | — |
| 1256 | E1003667316 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60,568€ | — | 1 | 2,994€ |
| 1257 | E&A Global Investments, Land Development and Constructions03195805 · Kotor | 0.0% | 0€ | -100.0% | -9,704€ | — | 1 | 678€ |
| 1258 | Ease&Trust03516539 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,358€ | — | 1 | 341€ |
| 1259 | Echoverse Consalting03677559 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,308€ | — | 1 | 670€ |
| 1260 | Ecoclub03560155 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,018€ | — | 1 | — |
| 1261 | Efc Global03212696 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,230€ | — | 1 | 676€ |
| 1262 | Egefe03762076 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,933€ | — | 1 | 328€ |
| 1263 | Elina Construction03708942 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,761€ | — | 4 | 433€ |
| 1264 | Elite Premium Group03676285 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,529€ | — | 1 | 845€ |
| 1265 | Eliterra03750736 · Danilovgrad | 0.0% | 0€ | No filing for 2024. | -10,697€ | — | 1 | 538€ |
| 1266 | Elixir Real Estate03455009 · Budva | 0.0% | 0€ | -100.0% | -15,185€ | — | 2 | 630€ |
| 1267 | Elman03788229 · Tivat | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 1268 | Elysium Montenegro Group03790703 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,542€ | — | 3 | — |
| 1269 | Embau03604047 · Budva | 0.0% | 0€ | -100.0% | -2,171€ | — | 1 | — |
| 1270 | Emerald Construction03810348 · Podgorica | 0.0% | 0€ | No filing for 2024. | -19€ | — | 1 | — |
| 1271 | Emerald Star03631885 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,740€ | — | 1 | 677€ |
| 1272 | Emigranti Group03800164 · Podgorica | 0.0% | 0€ | No filing for 2024. | -8,940€ | — | 0 | — |
| 1273 | Energocontractor03803546 · Kotor | 0.0% | 0€ | No filing for 2024. | -846€ | — | 1 | — |
| 1274 | Energoprojekt - Montenegro02721007 · Herceg Novi | 0.0% | 0€ | -100.0% | -53,664€ | — | 1 | 929€ |
| 1275 | Etika Capital03224511 · Budva | 0.0% | 0€ | -100.0% | -19,606€ | — | 1 | 759€ |
| 1276 | Euro Investment Mne03443388 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1277 | Ecb - Montenegro03060063 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,067€ | — | 1 | 339€ |
| 1278 | Evog Global03579719 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,501€ | — | 2 | 563€ |
| 1279 | Explore Build03737772 · Podgorica | 0.0% | 0€ | No filing for 2024. | -848€ | — | 1 | — |
| 1280 | Blok Gradnja03116077 · Podgorica | 0.0% | 0€ | -100.0% | -15,239€ | — | 1 | 675€ |
| 1281 | Songdo Invest03520994 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -66,148€ | — | 3 | 621€ |
| 1282 | Lanister03760596 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -3,165€ | — | 1 | — |
| 1283 | Ežhba Investments03545253 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,611€ | — | 1 | 922€ |
| 1284 | Faash-Group03628175 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,858€ | — | 1 | 678€ |
| 1285 | Falcon Plus03572277 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1286 | Figtree03639517 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,329€ | — | 2 | 594€ |
| 1287 | Finish Cop03560520 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1288 | Firat Group03234487 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,858€ | — | 1 | 760€ |
| 1289 | Firnas Group03544575 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,776€ | — | 1 | 731€ |
| 1290 | Fix Ed03608174 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -11,323€ | — | 1 | 667€ |
| 1291 | Fortis Build Mne03587665 · Tuzi | 0.0% | 0€ | -100.0% | -2,270€ | — | 1 | — |
| 1292 | Fortura Fortezza Azzurra03600459 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,058€ | — | 1 | 916€ |
| 1293 | Forza Development03750779 · Tivat | 0.0% | 0€ | No filing for 2024. | -3,284€ | — | 1 | — |
| 1294 | Frappela Investments03404030 · Budva | 0.0% | 0€ | -100.0% | -258,428€ | — | 1 | 1,496€ |
| 1295 | Galkin02656027 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,536€ | — | 1 | 678€ |
| 1296 | Ganić Global Contracting and Foreign Trade03230465 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,144€ | — | 1 | 915€ |
| 1297 | Gealdi Mne03802264 · Podgorica | 0.0% | 0€ | No filing for 2024. | -622€ | — | 2 | — |
| 1298 | German Real Estate Company - Montenegro Living03694470 · Bar | 0.0% | 0€ | No filing for 2024. | -21,656€ | — | 1 | 387€ |
| 1299 | Gerven03777375 · Budva | 0.0% | 0€ | No filing for 2024. | -1,788€ | — | 1 | — |
| 1300 | G.M.E03758729 · Bar | 0.0% | 0€ | No filing for 2024. | -9,922€ | — | 1 | 663€ |