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 1651–1700 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 meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -8,139€ |
| — |
| 1 |
| 675€ |
| 1653 | HTB Group Mne03742415 · Budva | 0.0% | 0€ | No filing for 2024. | -6,104€ | — | 1 | 506€ |
| 1654 | HTZ Gradnja03581616 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,877€ | — | 1 | — |
| 1655 | Hze Construction03753581 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,445€ | — | 2 | 310€ |
| 1656 | Ibon Group02241510 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,025€ | — | 1 | — |
| 1657 | Il Giardino02852497 · Budva | 0.0% | 0€ | -100.0% | -4,990€ | — | 1 | — |
| 1658 | Ilke Homes03596532 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1659 | Inet Montenegro03783766 · Podgorica | 0.0% | 0€ | No filing for 2024. | -311€ | — | 1 | — |
| 1660 | Innox Mne03242625 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1661 | Integra02059096 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 0 | — |
| 1662 | Irengen02673568 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,218€ | — | 1 | 675€ |
| 1663 | Jadran Izgradnja & Co03288331 · Podgorica | 0.0% | 0€ | -100.0% | -15,833€ | — | 1 | 580€ |
| 1664 | Kamgel03340376 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,438€ | — | 1 | 925€ |
| 1665 | Karas Group03658589 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1666 | Karem Fethiye03556310 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,591€ | — | 1 | 928€ |
| 1667 | Kayser03577791 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,116€ | — | 1 | 924€ |
| 1668 | Kings Cliffe Development03319857 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,409€ | — | 1 | — |
| 1669 | K - M Trust03180298 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1670 | Kolari Group03756742 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -2,582€ | — | 1 | — |
| 1671 | Kotan03374688 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,218€ | — | 1 | 677€ |
| 1672 | Kotor Hills Resort03405397 · Tivat | 0.0% | 0€ | -100.0% | -65,185€ | — | 3 | 640€ |
| 1673 | Krasivaya Černogoriya02668122 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,669€ | — | 1 | 338€ |
| 1674 | KRS Construction03582434 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,675€ | — | 1 | 622€ |
| 1675 | KSM Construction03472981 · Budva | 0.0% | 0€ | -100.0% | -47,632€ | — | 1 | 1,639€ |
| 1676 | Kurtović Gradnja03293351 · Bar | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1677 | Lacus03393500 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1678 | Lamboa - Ing03582361 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,062€ | — | 1 | 338€ |
| 1679 | Lastjob03360091 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,075€ | — | 1 | 506€ |
| 1680 | Leda Investments03250709 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1681 | Legacy Capital03630013 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,142€ | — | 1 | 678€ |
| 1682 | Lenara Investments03658821 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,482€ | — | 1 | 866€ |
| 1683 | L-Engineering03641767 | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1684 | Lodos Inc Montenegro03755550 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,486€ | — | 1 | 406€ |
| 1685 | Loren Insaat03773795 · Budva | 0.0% | 0€ | No filing for 2024. | -5,247€ | — | 1 | 437€ |
| 1686 | Lustitus03641520 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,226€ | — | 1 | 675€ |
| 1687 | Luxfield Merchants Inc03204626 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -38,805€ | — | 1 | 675€ |
| 1688 | Lux Solaris03451305 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,783€ | — | 1 | 416€ |
| 1689 | Luxus Kavač03210995 · Podgorica | 0.0% | 0€ | -100.0% | -29,507€ | — | 1 | 934€ |
| 1690 | Maine -Inženjering02666391 · Budva | 0.0% | 0€ | -100.0% | -13,973€ | — | 1 | 675€ |
| 1691 | Makimsan Mne International Brand03784550 · Podgorica | 0.0% | 0€ | No filing for 2024. | -695€ | — | 1 | — |
| 1692 | Malira02447487 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,287€ | — | 1 | 756€ |
| 1693 | Marel Engineering03604560 · Zeta | 0.0% | 0€ | -100.0% | -5,744€ | — | 1 | 470€ |
| 1694 | Marketai03644677 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,650€ | — | 1 | 719€ |
| 1695 | Marterra03782611 · Bar | 0.0% | 0€ | No filing for 2024. | -773€ | — | 1 | — |
| 1696 | Matsenko Gradnja03670783 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,131€ | — | 1 | 678€ |
| 1697 | Mattone Doro02303736 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,701€ | — | 1 | — |
| 1698 | Max Gradnja03501981 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,153€ | — | 1 | 675€ |
| 1699 | MB Invest02952521 · Tivat | 0.0% | 0€ | -100.0% | -10,012€ | — | 1 | 679€ |
| 1700 | MB Inženjering03363147 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,359€ | — | 1 | 530€ |