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 501–550 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* |
|---|
| 501 | Nali Lux03524957 · Construction | <0.1% | 128,323€ | -11.6% | 26,758€ | 20.9% | 1 | 2,913€ |
| 502 | Behamont03279413 · Construction | <0.1% | 128,208€ | +47.2% | 3,008€ | 2.3% | 1 | 860€ |
| 503 | Termo Elektro Čarapić03559700 · Construction | <0.1% | 125,623€ | +36.3% | 14,547€ | 11.6% | 2 | 916€ |
| 504 | Valtex03347486 · Construction | <0.1% | 125,598€ | +56.9% | 26,185€ | 20.8% | 1 | 3,542€ |
| 505 | Ac Elektro Company03709523 · Construction | <0.1% | 125,368€ | +284.3% | 1,474€ | 1.2% | 2 | 845€ |
| 506 | Čubro Co03366707 · Construction | <0.1% | 125,349€ | +27.3% | 9,635€ | 7.7% | 2 | 774€ |
| 507 | Reklame Plus02669897 · Construction | <0.1% | 124,638€ | +473.0% | 24,446€ | 19.6% | 1 | 996€ |
| 508 | RD Invest03524655 · Construction | <0.1% | 123,095€ | +53.3% | 1,626€ | 1.3% | 3 | 1,017€ |
| 509 | Pettech02904560 · Construction | <0.1% | 122,657€ | +28.8% | 8,003€ | 6.5% | 3 | 1,640€ |
| 510 | Pro City Constructing03312666 · Construction | <0.1% | 122,397€ | +16,876.0% | -231,439€ | -189.1% | 3 | 677€ |
| 511 | Maj Company03207820 · Construction | <0.1% | 122,258€ | +92.4% | -6,900€ | -5.6% | 1 | 6,976€ |
| 512 | Blackmont Plus03343910 · Construction | <0.1% | 121,901€ | -6.2% | -35,038€ | -28.7% | 1 | 5,515€ |
| 513 | Art Adapt03360440 · Construction | <0.1% | 121,353€ | -11.6% | 77,619€ | 64.0% | 1 | 1,191€ |
| 514 | Hammer Com02859181 · Construction | <0.1% | 120,572€ | -15.6% | 568€ | 0.5% | 3 | 968€ |
| 515 | Enertech - Inženjering03008193 · Construction | <0.1% | 120,283€ | +305.0% | 33,269€ | 27.7% | 1 | 1,051€ |
| 516 | Euro-D02619954 · Construction | <0.1% | 120,239€ | -19.6% | -10,882€ | -9.1% | 5 | 823€ |
| 517 | HD Build03726568 · Construction | <0.1% | 119,626€ | No filing for 2024. | -16,598€ | -13.9% | 8 | 825€ |
| 518 | Živković Gradnja03602656 · Construction | <0.1% | 119,418€ | +132.4% | 13,968€ | 11.7% | 2 | 509€ |
| 519 | Ac/DC Solutions03455530 · Construction | <0.1% | 119,131€ | +33.4% | 5,995€ | 5.0% | 2 | 825€ |
| 520 | Čelebić Engineering03216578 · Construction | <0.1% | 118,295€ | +10.3% | -7,090€ | -6.0% | 2 | 1,036€ |
| 521 | Mrke-Commerc02191920 · Construction | <0.1% | 117,862€ | +85.9% | 5,097€ | 4.3% | 3 | 565€ |
| 522 | Lilex03095266 · Construction | <0.1% | 117,176€ | +9.9% | 42,601€ | 36.4% | 1 | 677€ |
| 523 | Izopox03248712 · Construction | <0.1% | 116,616€ | -22.5% | -10,509€ | -9.0% | 2 | 679€ |
| 524 | Novi MBV Sistemi03468640 · Construction | <0.1% | 116,014€ | +49.2% | 28,302€ | 24.4% | 1 | 3,858€ |
| 525 | 5i Element03376648 · Construction | <0.1% | 114,925€ | -5.4% | 6,937€ | 6.0% | 5 | 681€ |
| 526 | Kosović Mont03266338 · Construction | <0.1% | 113,986€ | +91.4% | 14,324€ | 12.6% | 1 | 691€ |
| 527 | Sijarić Cop03638944 · Construction | <0.1% | 113,840€ | +16.9% | 40,722€ | 35.8% | 2 | 646€ |
| 528 | Visoki Napon Jokanović03698335 · Construction | <0.1% | 113,427€ | +3,066.6% | 1,069€ | 0.9% | 4 | 333€ |
| 529 | BKS Inženjering03173003 · Construction | <0.1% | 112,953€ | +275,395.1% | 10,096€ | 8.9% | 2 | 929€ |
| 530 | MDL Elektro03745678 · Construction | <0.1% | 112,326€ | No filing for 2024. | 9,530€ | 8.5% | 0 | — |
| 531 | Dalmond DV03650073 · Construction | <0.1% | 111,989€ | -82.7% | -227,846€ | -203.5% | 1 | 1,324€ |
| 532 | Vuk Kop03316114 · Construction | <0.1% | 110,057€ | +58.5% | 34,429€ | 31.3% | 3 | 611€ |
| 533 | Space House02732912 · Construction | <0.1% | 110,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 89,644€ | 81.5% | 1 | 741€ |
| 534 | Klimacom03623319 · Construction | <0.1% | 109,809€ | +18.4% | 20,977€ | 19.1% | 3 | 925€ |
| 535 | 3D Mont03618773 · Construction | <0.1% | 109,319€ | -8.8% | 11,436€ | 10.5% | 5 | 1,154€ |
| 536 | Bramar Pro03637328 · Construction | <0.1% | 109,314€ | +63.3% | -1,253€ | -1.1% | 4 | 1,093€ |
| 537 | Excalibur CG03232425 · Construction | <0.1% | 108,932€ | +46.9% | 21,316€ | 19.6% | 3 | 425€ |
| 538 | Monthellenic Kyriakos02622530 · Construction | <0.1% | 108,404€ | -63.9% | 2,341€ | 2.2% | 6 | 827€ |
| 539 | Ivm Mont03425177 · Construction | <0.1% | 108,017€ | -27.9% | -9,839€ | -9.1% | 4 | 649€ |
| 540 | Design-Build03331881 · Construction | <0.1% | 107,654€ | +421.0% | 11,016€ | 10.2% | 5 | 1,243€ |
| 541 | Rašović Keramika03642623 · Construction | <0.1% | 107,460€ | +2,630.2% | -8,942€ | -8.3% | 4 | 1,146€ |
| 542 | C&C Construction02720027 · Construction | <0.1% | 106,984€ | -39.0% | 8,152€ | 7.6% | 1 | 4,420€ |
| 543 | Zen Construction03163024 · Construction | <0.1% | 106,918€ | -67.8% | 1,911€ | 1.8% | 3 | 1,588€ |
| 544 | Termo Planet Tech03580849 · Construction | <0.1% | 106,865€ | -10.6% | 14,230€ | 13.3% | 2 | 595€ |
| 545 | Marković R&B Elektro Sistem03177718 · Construction | <0.1% | 106,181€ | +174.8% | 23,293€ | 21.9% | 1 | 621€ |
| 546 | Budva Investments Apartments03315703 · Construction | <0.1% | 105,646€ | +96.2% | -7,921€ | -7.5% | 1 | 549€ |
| 547 | Freyssinet Montenegro03313760 · Construction | <0.1% | 105,117€ | +328,390.6% | 26,297€ | 25.0% | 1 | — |
| 548 | Termorad02187892 · Construction | <0.1% | 104,950€ | +62.1% | 142€ | 0.1% | 2 | 1,383€ |
| 549 | JBV Solutions03290549 · Construction | <0.1% | 104,865€ | -14.3% | 22,139€ | 21.1% | 2 | 1,003€ |
| 550 | Enn Elektro Sistem03626407 · Construction | <0.1% | 103,426€ | +21.0% | -17,021€ | -16.5% | 2 | 883€ |