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 401–450 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% |
| 256,252€ |
| +12.8% |
| 203,363€ |
| 79.4% |
| 1 |
| — |
| 403 | Vavilon Construction03527689 · Podgorica | <0.1% | 255,866€ | +223.7% | 10,138€ | 4.0% | 2 | 2,509€ |
| 404 | V Group03102998 · Podgorica | <0.1% | 253,735€ | +10.4% | 6,728€ | 2.7% | 5 | 805€ |
| 405 | Ruen Kompani02464454 · Podgorica | <0.1% | 251,716€ | -50.1% | -225,778€ | -89.7% | 3 | 778€ |
| 406 | Raduč02143810 · Nikšić | <0.1% | 251,657€ | -47.4% | 388€ | 0.2% | 13 | 1,267€ |
| 407 | I . P02450747 · Podgorica | <0.1% | 249,875€ | +39.0% | 118,549€ | 47.4% | 1 | 339€ |
| 408 | Monmaks03038394 · Podgorica | <0.1% | 248,340€ | +13.4% | 3,325€ | 1.3% | 3 | 702€ |
| 409 | Jadran Izgradnja & Company03466230 · Podgorica | <0.1% | 247,016€ | -34.3% | 93,452€ | 37.8% | 5 | 840€ |
| 410 | MD Building03120929 · Ulcinj | <0.1% | 246,024€ | -30.6% | 10,687€ | 4.3% | 4 | 742€ |
| 411 | Centurion Investment & Development03190293 · Budva | <0.1% | 243,246€ | -41.1% | -225,868€ | -92.9% | 6 | 2,085€ |
| 412 | Peter Pan LB103618447 · Kolašin | <0.1% | 243,172€ | +5,002.2% | 370€ | 0.2% | 1 | 2,818€ |
| 413 | Adriatik Investment02818876 · Budva | <0.1% | 241,947€ | +94.3% | 52,934€ | 21.9% | 3 | 773€ |
| 414 | Radović Invest03322882 · Herceg Novi | <0.1% | 241,783€ | -48.2% | 70,407€ | 29.1% | 2 | 631€ |
| 415 | Šajo02118211 · Podgorica | <0.1% | 239,156€ | -21.4% | 23,534€ | 9.8% | 5 | 940€ |
| 416 | Nalex Ing03168778 · Herceg Novi | <0.1% | 238,256€ | +37.4% | -23,424€ | -9.8% | 7 | 855€ |
| 417 | Jak Grad03685411 | <0.1% | 237,011€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,486€ | 4.8% | 3 | 309€ |
| 418 | Monre02621177 · Bar | <0.1% | 237,000€ | +1,161.3% | -115,819€ | -48.9% | 3 | 1,469€ |
| 419 | Ansev03646742 · Podgorica | <0.1% | 234,170€ | +64.8% | 14,172€ | 6.1% | 2 | 7,186€ |
| 420 | Vjetar03578887 · Podgorica | <0.1% | 233,984€ | +1,369.4% | 76,748€ | 32.8% | 2 | 1,024€ |
| 421 | Nova Development Company03306275 · Budva | <0.1% | 232,985€ | +36,823.1% | -77,548€ | -33.3% | 1 | 1,341€ |
| 422 | Kivaja International03708861 · Berane | <0.1% | 231,578€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 12,516€ | 5.4% | 10 | 750€ |
| 423 | Širbegović CG03151972 · Podgorica | <0.1% | 231,306€ | -42.8% | 1,398€ | 0.6% | 1 | 3,321€ |
| 424 | Volteco02977427 · Ulcinj | <0.1% | 231,250€ | +140.4% | 20,285€ | 8.8% | 10 | 678€ |
| 425 | Ledio Company03302474 · Tivat | <0.1% | 230,960€ | +80.8% | 32,600€ | 14.1% | 2 | 2,626€ |
| 426 | Titulum03125408 · Budva | <0.1% | 226,540€ | +856.1% | -78,747€ | -34.8% | 6 | 1,055€ |
| 427 | PMTR03208796 · Podgorica | <0.1% | 226,453€ | +378.6% | -1,138,583€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 14 | — |
| 428 | Prostor Plus MN03008223 · Budva | <0.1% | 226,012€ | -18.0% | 3,077€ | 1.4% | 2 | 4,920€ |
| 429 | Divana Group03616851 · Ulcinj | <0.1% | 224,855€ | +81.4% | 15,326€ | 6.8% | 1 | 865€ |
| 430 | Invest Lab03111237 · Bar | <0.1% | 224,625€ | +410.4% | 85,170€ | 37.9% | 3 | 1,213€ |
| 431 | Bokatim02463105 · Herceg Novi | <0.1% | 224,069€ | +74.1% | 3,957€ | 1.8% | 9 | 737€ |
| 432 | Hestia Invest03003574 · Budva | <0.1% | 220,587€ | +70.4% | -37,825€ | -17.1% | 5 | 534€ |
| 433 | Nibag02782146 · Nikšić | <0.1% | 219,501€ | -4.6% | 30,358€ | 13.8% | 5 | 686€ |
| 434 | LZ Project03372243 · Podgorica | <0.1% | 217,579€ | +6,827.1% | 55,837€ | 25.7% | 1 | 925€ |
| 435 | Tocca Trade02773651 · Podgorica | <0.1% | 214,818€ | +80.8% | -111,131€ | -51.7% | 3 | 1,066€ |
| 436 | Cad Studio03320472 · Herceg Novi | <0.1% | 213,538€ | +12.4% | 60,649€ | 28.4% | 3 | 406€ |
| 437 | Ferc03171841 · Podgorica | <0.1% | 213,418€ | -23.1% | 131€ | 0.1% | 6 | 753€ |
| 438 | Bezmara03557634 · Podgorica | <0.1% | 212,933€ | +36.9% | -123,148€ | -57.8% | 8 | 720€ |
| 439 | Vladex02420821 · Kotor | <0.1% | 212,328€ | +51.9% | 33,610€ | 15.8% | 5 | 1,014€ |
| 440 | Ag Projekt02465256 · Nikšić | <0.1% | 210,014€ | +184.7% | 1,524€ | 0.7% | 3 | 934€ |
| 441 | Forma Construction03578437 · Bijelo Polje | <0.1% | 209,976€ | +125.7% | -27,393€ | -13.0% | 5 | 479€ |
| 442 | Geotecx Construction03670201 · Podgorica | <0.1% | 208,833€ | +209.3% | 12,167€ | 5.8% | 3 | 620€ |
| 443 | Adi Vestrum03037126 · Tivat | <0.1% | 208,060€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 103,560€ | 49.8% | 1 | 674€ |
| 444 | DK Invest Group03309169 · Budva | <0.1% | 205,615€ | -27.6% | -33,324€ | -16.2% | 3 | 1,759€ |
| 445 | Level Ing02618427 · Pljevlja | <0.1% | 204,000€ | +17.4% | 51,219€ | 25.1% | 3 | 906€ |
| 446 | Robotas Construction03370224 · Budva | <0.1% | 201,728€ | +5.9% | 1,452€ | 0.7% | 5 | 766€ |
| 447 | Stroy Standart02668416 · Podgorica | <0.1% | 201,585€ | -86.8% | 32,394€ | 16.1% | 2 | 967€ |
| 448 | Mat Investments03540260 · Bar | <0.1% | 200,472€ | +64.1% | 14,714€ | 7.3% | 3 | 946€ |
| 449 | Altura Construction03615227 · Ulcinj | <0.1% | 198,264€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | 0.0% | 2 | 675€ |
| 450 | Development Organisation Construction Consulting03437671 · Bar | <0.1% | 197,800€ | +19.9% | 40,813€ | 20.6% | 3 | 593€ |