Revenue
55.0% of Montenegro's revenue
12,148 companies earned 9.71b€ in 2025, 55.0% of all company revenue in Montenegro. It ranks 1 of 25 municipalities by revenue. Revenue has grown 2.7× since 2015.
55.0% of Montenegro's revenue
67.7 per 1,000 residents · Montenegro 57.3
Largest employer: Idea - CG (2,426)
Total profit: 748.64m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,587,068,765€ | 5,044 |
| 2016 | 4,096,949,470€ | 5,487 |
| 2017 | 4,709,755,484€ | 6,109 |
| 2018 | 5,118,600,583€ | 6,927 |
| 2019 | 5,323,922,814€ | 7,518 |
| 2020 | 4,709,522,069€ | 8,027 |
| 2021 | 5,608,587,707€ | 8,567 |
| 2022 | 6,799,397,294€ | 9,638 |
| 2023 | 8,203,771,212€ | 11,057 |
| 2024 | 8,801,908,063€ | 11,952 |
| 2025 (Preliminary) | 9,708,565,989€ | 12,148 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 1,351
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Bemax02643448 · Construction | 1.0% | 94,355,961€ | +13.5% | 2,927,476€ | 3.1% | 134 | 2,398€ |
| 2 | Zetagradnja02278383 · Construction | 0.5% | 52,341,807€ | +3.1% | 14,346,082€ | 27.4% | 82 | 1,785€ |
| 3 | China Road & Bridge Corporation03016480 · Construction | 0.4% | 40,010,268€ | +864.2% | 35,533,951€ | 88.8% | 14 | 5,592€ |
| 4 | Master Inženjering02302586 · Construction | 0.4% | 36,043,674€ | No filing for 2024. | 4,365,138€ | 12.1% | 9 | 3,107€ |
| 5 | Kips Gradnja03306828 · Construction | 0.3% | 28,639,760€ | +290.7% | 7,415,621€ | 25.9% | 30 | 1,336€ |
| 6 | Strabag Ag Austria02429381 · Construction | 0.3% | 24,933,196€ | -27.6% | 1,739,790€ | 7.0% | 1 | 4,381€ |
| 7 | Crnagoraput02013703 · Construction | 0.3% | 24,884,829€ | +8.1% | 666,981€ | 2.7% | 326 | 1,469€ |
| 8 | Putevi02653893 · Construction | 0.2% | 20,602,062€ | +34.8% | 1,206,932€ | 5.9% | 340 | 1,537€ |
| 9 | Ventura Partners03320448 · Construction | 0.2% | 20,233,330€ | +465.5% | 3,315,104€ | 16.4% | 28 | 1,374€ |
| 10 | Shandong Foreign Economic & Technical Cooperation CO. LTD. NR Kina03479951 · Construction | 0.2% | 19,129,059€ | +123.7% | 870,513€ | 4.6% | 26 | 1,886€ |
| 11 | Nivel02081873 · Construction | 0.2% | 18,584,815€ | +1,152.9% | 757,708€ | 4.1% | 4 | 1,284€ |
| 12 | HSV Vlasotince03626164 · Construction | 0.2% | 18,152,601€ | +1,130.3% | 3,541,318€ | 19.5% | 6 | 7,565€ |
| 13 | Željeznička Infrastruktura Crne Gore02723816 · Construction | 0.2% | 17,705,799€ | -7.6% | -3,889,171€ | -22.0% | 811 | 927€ |
| 14 | GX 08102300923 · Construction | 0.2% | 15,322,250€ | +2,027.4% | 1,215,639€ | 7.9% | 529 | 1,881€ |
| 15 | Fidija02111616 · Construction | 0.2% | 15,184,951€ | -17.1% | 451,179€ | 3.0% | 57 | 1,901€ |
| 16 | Si-Ing02224682 · Construction | 0.1% | 14,289,638€ | +1.8% | 640,587€ | 4.5% | 93 | 995€ |
| 17 | Čelebić02073048 · Construction | 0.1% | 13,746,908€ | -22.9% | 370,166€ | 2.7% | 122 | 1,551€ |
| 18 | BB Solar02844575 · Construction | 0.1% | 13,457,424€ | -12.5% | 729,097€ | 5.4% | 47 | 2,061€ |
| 19 | Asfalt - Beton Gradnja02929864 · Construction | 0.1% | 11,814,198€ | +35.6% | 839,422€ | 7.1% | 20 | 1,897€ |
| 20 | Juxinyuan Import Export CO.03177840 · Construction | 0.1% | 11,554,817€ | +200.7% | 925,715€ | 8.0% | 22 | 938€ |
| 21 | Termosistem02376733 · Construction | 0.1% | 11,414,722€ | +28.6% | 219,167€ | 1.9% | 99 | 1,694€ |
| 22 | Perspektif Yapi Insaat Sanayi Ve Ticaret Anonim Sirketi03482219 · Construction | 0.1% | 10,710,762€ | -52.5% | -371,356€ | -3.5% | 21 | 4,655€ |
| 23 | Proengineering02664674 · Construction | 0.1% | 10,309,525€ | +10,171.1% | 1,639,608€ | 15.9% | 1 | 5,438€ |
| 24 | Alk Gradnja03394662 · Construction | 0.1% | 10,024,112€ | +58.5% | 3,656,114€ | 36.5% | 85 | 1,580€ |
| 25 | Admiral Holding02801094 · Construction | <0.1% | 7,548,658€ | +718.6% | 1,982,908€ | 26.3% | 17 | 1,773€ |
| 26 | Intermost02426960 · Construction | <0.1% | 7,475,606€ | +29.3% | 110,310€ | 1.5% | 45 | 1,253€ |
| 27 | B.L. Harbert International L.L.C03314596 · Construction | <0.1% | 7,184,011€ | -1.6% | 306,913€ | 4.3% | 123 | 2,700€ |
| 28 | BB Invest Group03403670 · Construction | <0.1% | 7,030,669€ | +1,830,803.4% | 204,148€ | 2.9% | 62 | 1,265€ |
| 29 | Alk Montenegro03347133 · Construction | <0.1% | 6,922,608€ | +1,767.2% | 1,712,654€ | 24.7% | 11 | 1,467€ |
| 30 | Strabag02713403 · Construction | <0.1% | 6,853,315€ | -13.5% | 404,996€ | 5.9% | 30 | 2,793€ |
| 31 | Komunalne Usluge02407523 · Construction | <0.1% | 5,697,008€ | -10.2% | 177,010€ | 3.1% | 120 | 1,352€ |
| 32 | Fidija-Invest02804760 · Construction | <0.1% | 5,401,007€ | +385.8% | -133,392€ | -2.5% | 14 | 1,303€ |
| 33 | Inženjer Gogić03095037 · Construction | <0.1% | 5,156,324€ | +36.5% | 109,318€ | 2.1% | 54 | 1,390€ |
| 34 | BMP Gradnja02837722 · Construction | <0.1% | 5,120,468€ | +22.9% | 629,890€ | 12.3% | 35 | 794€ |
| 35 | Velimirović Invest02844605 · Construction | <0.1% | 5,014,664€ | +774.3% | 748,278€ | 14.9% | 5 | 5,793€ |
| 36 | Montena03281507 · Construction | <0.1% | 4,876,893€ | +2,748.0% | 331,186€ | 6.8% | 5 | 2,379€ |
| 37 | Frigoelektro02100037 · Construction | <0.1% | 4,868,711€ | +6.0% | 693,073€ | 14.2% | 35 | 858€ |
| 38 | Agencija za Stanovanje02015676 · Construction | <0.1% | 4,701,502€ | +14.4% | 329,720€ | 7.0% | 96 | 1,481€ |
| 39 | Ergotem S.A., Grčka03734005 · Construction | <0.1% | 4,697,555€ | No filing for 2024. | -473,316€ | -10.1% | 3 | 1,635€ |
| 40 | Arming - Mont02938855 · Construction | <0.1% | 4,444,625€ | -10.9% | 93,660€ | 2.1% | 9 | 2,319€ |
| 41 | Golf Scape03402185 · Construction | <0.1% | 4,332,818€ | +45.5% | 1,382,957€ | 31.9% | 18 | 1,801€ |
| 42 | Lepont02265443 · Construction | <0.1% | 4,255,076€ | +1,562.9% | 228,266€ | 5.4% | 7 | 611€ |
| 43 | Hba Gradnja03402835 · Construction | <0.1% | 4,198,048€ | +36.1% | 340,803€ | 8.1% | 4 | 824€ |
| 44 | Geo-Put Project03341372 · Construction | <0.1% | 4,152,913€ | +93.1% | 282,083€ | 6.8% | 24 | 1,677€ |
| 45 | Adam Holding03353265 · Construction | <0.1% | 4,023,981€ | +1,218.6% | 70,656€ | 1.8% | 4 | 959€ |
| 46 | Termo Tim PG02837471 · Construction | <0.1% | 3,998,892€ | +180.3% | 802,443€ | 20.1% | 19 | 797€ |
| 47 | Stone Design02986841 · Construction | <0.1% | 3,991,476€ | +59.7% | -610,461€ | -15.3% | 86 | 1,946€ |
| 48 | Inženjering Put02426919 · Construction | <0.1% | 3,981,055€ | +80.1% | 116,069€ | 2.9% | 20 | 1,136€ |
| 49 | Qbik03304850 · Construction | <0.1% | 3,932,812€ | +8.3% | 58,728€ | 1.5% | 25 | 1,305€ |
| 50 | Visokogradnja Mne03269116 · Construction | <0.1% | 3,899,810€ | +16.2% | 826,768€ | 21.2% | 61 | 1,763€ |