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 1701–1750 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€ |
| -100.0% |
| -8,139€ |
| — |
| 1 |
| 678€ |
| 1703 | Megrus Construction03668797 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1704 | Mertali Group03720012 · Budva | 0.0% | 0€ | No filing for 2024. | -2,713€ | — | 1 | — |
| 1705 | Mesa Mne03807410 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 1706 | Mesa North03810623 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 1707 | Messi61-Mne03701883 · Budva | 0.0% | 0€ | No filing for 2024. | -6,782€ | — | 1 | 563€ |
| 1708 | MH Bau03806421 · Rožaje | 0.0% | 0€ | No filing for 2024. | -771€ | — | 1 | — |
| 1709 | MHT FSM03624790 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1710 | Mia Investments03207684 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1711 | Milda-Mne03498069 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,215€ | — | 1 | 675€ |
| 1712 | Mim Group03284280 · Podgorica | 0.0% | 0€ | -100.0% | -35,556€ | — | 1 | 1,161€ |
| 1713 | Mirna Dom03186296 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,333€ | — | 1 | 677€ |
| 1714 | Mirna Dom Group03452549 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,792€ | — | 3 | 742€ |
| 1715 | M&J Invest02418428 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -29,208€ | — | 2 | 1,206€ |
| 1716 | Mka Group03155803 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1717 | Mobirey03537137 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,638€ | — | 1 | 675€ |
| 1718 | Moda Structure03278158 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,307€ | — | 1 | 851€ |
| 1719 | Monachus Montenegro03461742 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,504€ | — | 2 | 687€ |
| 1720 | Mons Company03679268 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,878€ | — | 3 | 313€ |
| 1721 | Monte Art Universe02881586 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1722 | Monte Bau Inžinjering02639335 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1723 | Monte Inženjering02926512 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,467€ | — | 1 | 677€ |
| 1724 | Montekonstrukt03801241 · Budva | 0.0% | 0€ | No filing for 2024. | -6,289€ | — | 1 | — |
| 1725 | Montenegrodepot03309029 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,132€ | — | 1 | 344€ |
| 1726 | Montenegro Resort Development Holding Ba02755068 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 1727 | Monte Property03600351 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,562€ | — | 1 | 962€ |
| 1728 | Monti Enterprise02651840 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,662€ | — | 1 | 675€ |
| 1729 | Mont Project02451077 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,425€ | — | 1 | 450€ |
| 1730 | Mose Group03667111 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,308€ | — | 1 | 678€ |
| 1731 | Mozse Construction and Trade Company03442535 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,180€ | — | 1 | 676€ |
| 1732 | MR-Gradnja Komerc03490904 · Berane | 0.0% | 0€ | -100.0% | -15,882€ | — | 1 | — |
| 1733 | MRT Construction03669432 · Bar | 0.0% | 0€ | -100.0% | -14,707€ | — | 1 | 925€ |
| 1734 | MST Company03809463 · Bar | 0.0% | 0€ | No filing for 2024. | -154€ | — | 1 | — |
| 1735 | MY Brave03195619 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,185€ | — | 1 | 929€ |
| 1736 | N-And-D03557308 · Bar | 0.0% | 0€ | -100.0% | -25,755€ | — | 1 | 677€ |
| 1737 | NB Build03787508 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,564€ | — | 1 | — |
| 1738 | Nelson Company03750752 · Tivat | 0.0% | 0€ | No filing for 2024. | -2,435€ | — | 1 | — |
| 1739 | Nevk Invest03591018 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,656€ | — | 1 | 678€ |
| 1740 | Newlandia03782786 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,045€ | — | 1 | 337€ |
| 1741 | New Life 99903798208 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,907€ | — | 1 | — |
| 1742 | Nextgeneration Invest03795381 · Podgorica | 0.0% | 0€ | No filing for 2024. | -215€ | — | 1 | — |
| 1743 | Nikost02640201 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,205€ | — | 1 | — |
| 1744 | Nilo KZY03624811 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1745 | Ninova Yapi Insaat03764028 · Podgorica | 0.0% | 0€ | No filing for 2024. | -5,231€ | — | 1 | 321€ |
| 1746 | Nis Properties03807614 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,599€ | — | 1 | — |
| 1747 | Nord Grad Development03540235 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -57,471€ | — | 1 | — |
| 1748 | North East03612821 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,900€ | — | 1 | 657€ |
| 1749 | North West Construction03226743 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,435€ | — | 1 | 926€ |
| 1750 | Novos Group Construction & Development03665623 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -51,171€ | — | 1 | 1,892€ |