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 301–350 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% |
| 413,322€ |
| -42.1% |
| 208,928€ |
| 50.5% |
| 1 |
| 1,240€ |
| 303 | Adriatica Inženjering03458393 · Podgorica | <0.1% | 407,444€ | +163.3% | 149,445€ | 36.7% | 4 | 777€ |
| 304 | Asisa Montenegro03327990 · Kotor | <0.1% | 406,334€ | +1,145.1% | -52,017€ | -12.8% | 1 | 2,008€ |
| 305 | Femo Gradnja03361683 · Bijelo Polje | <0.1% | 405,928€ | -17.3% | 5,862€ | 1.4% | 7 | 1,410€ |
| 306 | Capital Hill03406431 · Budva | <0.1% | 405,902€ | +2,402.2% | 22,432€ | 5.5% | 1 | 678€ |
| 307 | Sajmir Construction03277780 · Podgorica | <0.1% | 405,769€ | +108.4% | 154,525€ | 38.1% | 10 | 912€ |
| 308 | Pigna03274608 · Podgorica | <0.1% | 403,191€ | -81.0% | -93,374€ | -23.2% | 1 | 449€ |
| 309 | Neimar - Inženjering02063956 · Podgorica | <0.1% | 403,030€ | +982,900.0% | 85,938€ | 21.3% | 6 | 888€ |
| 310 | Alpha Group Com03350304 · Podgorica | <0.1% | 402,506€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 42,975€ | 10.7% | 2 | 1,125€ |
| 311 | Buba Home03285693 · Mojkovac | <0.1% | 402,410€ | +142.9% | 1,441€ | 0.4% | 7 | 1,376€ |
| 312 | Pop Commerce02051303 · Podgorica | <0.1% | 399,974€ | +25.9% | 63,188€ | 15.8% | 9 | 841€ |
| 313 | CG Concept02666804 · Podgorica | <0.1% | 397,625€ | +2,986.9% | 313,769€ | 78.9% | 1 | 1,783€ |
| 314 | FSD Development03470067 · Ulcinj | <0.1% | 396,903€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -125,263€ | -31.6% | 1 | 4,626€ |
| 315 | Zid Art Gradnja03597733 · Podgorica | <0.1% | 394,607€ | +4,187.3% | -43,321€ | -11.0% | 2 | 3,037€ |
| 316 | Spencer&Hill03119670 · Podgorica | <0.1% | 392,617€ | +0.2% | -325,583€ | -82.9% | 1 | 1,107€ |
| 317 | Stef & Kris Mont Company03094685 · Podgorica | <0.1% | 392,084€ | -51.6% | 76,838€ | 19.6% | 4 | 508€ |
| 318 | Nedeljković02621983 · Podgorica | <0.1% | 387,419€ | +69.2% | 50,841€ | 13.1% | 2 | 2,092€ |
| 319 | Plan D Vision03353648 · Herceg Novi | <0.1% | 386,422€ | +303.6% | 231€ | 0.1% | 4 | 671€ |
| 320 | Cobex Gradnja03135373 · Bar | <0.1% | 381,548€ | +26.7% | 19,820€ | 5.2% | 8 | 649€ |
| 321 | Ramka03652238 · Podgorica | <0.1% | 380,762€ | +399.6% | 19,122€ | 5.0% | 2 | 8,398€ |
| 322 | Temelj Gradnja03658708 · Nikšić | <0.1% | 380,299€ | +223.8% | -19,200€ | -5.0% | 2 | 396€ |
| 323 | S - Gradnja Komerc02652579 · Bijelo Polje | <0.1% | 379,445€ | +467.5% | 223,055€ | 58.8% | 1 | 4,020€ |
| 324 | Kajić-Komerc02152720 · Bar | <0.1% | 379,352€ | -3.3% | 61,955€ | 16.3% | 5 | 677€ |
| 325 | Dadek02833492 · Bar | <0.1% | 378,418€ | +162.2% | 92,017€ | 24.3% | 5 | 699€ |
| 326 | NG Group02988208 · Bar | <0.1% | 370,117€ | -6.5% | 102,563€ | 27.7% | 7 | 958€ |
| 327 | Ida Grad03408850 · Podgorica | <0.1% | 369,917€ | +80.2% | 18,948€ | 5.1% | 19 | 793€ |
| 328 | Kuzu Toplu Konut Insaat Anonim Sirketi03570975 · Podgorica | <0.1% | 368,920€ | -31.9% | -405,320€ | -109.9% | 5 | 1,174€ |
| 329 | G.P. Aledra02349361 · Herceg Novi | <0.1% | 367,857€ | -13.7% | -26,541€ | -7.2% | 18 | 636€ |
| 330 | Nortem03382931 · Podgorica | <0.1% | 366,500€ | -50.4% | 151,872€ | 41.4% | 3 | 852€ |
| 331 | Stango02144727 · Budva | <0.1% | 366,064€ | -3.1% | 12,860€ | 3.5% | 10 | 1,037€ |
| 332 | Teqto03185010 · Podgorica | <0.1% | 363,854€ | +13.5% | 15,549€ | 4.3% | 8 | 572€ |
| 333 | Sulo Construction03770419 · Ulcinj | <0.1% | 363,757€ | No filing for 2024. | 13,843€ | 3.8% | 6 | 1,251€ |
| 334 | Konstrukcije Mont Gradnja03489868 · Podgorica | <0.1% | 363,537€ | -67.2% | 90,121€ | 24.8% | 1 | 2,152€ |
| 335 | Invest - V02663023 · Tivat | <0.1% | 362,204€ | +2,659.0% | 14,611€ | 4.0% | 3 | 686€ |
| 336 | Eurus House02854325 · Budva | <0.1% | 359,354€ | +7.5% | 8,426€ | 2.3% | 6 | 1,020€ |
| 337 | Master X03687953 · Bar | <0.1% | 356,398€ | +710.4% | -56,229€ | -15.8% | 8 | 717€ |
| 338 | Id Concept02818914 · Budva | <0.1% | 352,282€ | +134.6% | 143,025€ | 40.6% | 2 | 679€ |
| 339 | Ok Kevin Gradnja03322602 · Bar | <0.1% | 348,187€ | -20.6% | 9,075€ | 2.6% | 7 | 757€ |
| 340 | Anagastum Invest Group03006786 · Nikšić | <0.1% | 345,248€ | -1.5% | 201,796€ | 58.4% | 2 | 1,548€ |
| 341 | PMC - Invest02266792 · Tivat | <0.1% | 343,523€ | +6.7% | 35,408€ | 10.3% | 1 | 2,738€ |
| 342 | Mont-Appel02328585 · Cetinje | <0.1% | 338,879€ | -50.0% | 71,818€ | 21.2% | 7 | 479€ |
| 343 | QH Invest03743144 · Bar | <0.1% | 335,564€ | No filing for 2024. | -35,339€ | -10.5% | 3 | 8,601€ |
| 344 | Ip Invest02958872 · Tivat | <0.1% | 332,914€ | -48.1% | 122,934€ | 36.9% | 1 | 1,518€ |
| 345 | Veda Inženjering02386186 · Podgorica | <0.1% | 332,302€ | -0.8% | 9,803€ | 3.0% | 8 | 1,685€ |
| 346 | Ćeman Construction03426025 · Bar | <0.1% | 330,460€ | +102.5% | -79,641€ | -24.1% | 5 | 606€ |
| 347 | VM Inženjering02878348 · Bar | <0.1% | 327,584€ | -68.8% | 143,767€ | 43.9% | 3 | 583€ |
| 348 | Bajrović02429551 · Bar | <0.1% | 327,121€ | +1.6% | 54,286€ | 16.6% | 2 | 1,729€ |
| 349 | Master Angeli03492109 · Tivat | <0.1% | 326,306€ | -69.6% | -33,960€ | -10.4% | 16 | 912€ |
| 350 | Budva Steel02860104 · Budva | <0.1% | 324,960€ | -0.4% | 57,039€ | 17.6% | 2 | 3,281€ |