Revenue
11.6% of Montenegro's revenue
4,334 companies earned 2.05b€ in 2025, 11.6% of all company revenue in Montenegro. It ranks 2 of 18 sectors by revenue. Revenue has grown 3.0× since 2015.
11.6% of Montenegro's revenue
2,341 with at most one employee
Largest employer: Željeznička Infrastruktura Crne Gore (811)
Total profit: 163.65m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 677,439,325€ | 1,641 |
| 2016 | 905,260,212€ | 1,760 |
| 2017 | 1,196,306,945€ | 1,945 |
| 2018 | 1,342,766,653€ | 2,268 |
| 2019 | 1,390,789,883€ | 2,537 |
| 2020 | 1,081,359,540€ | 2,816 |
| 2021 | 997,933,633€ | 3,037 |
| 2022 | 1,192,418,157€ | 3,322 |
| 2023 | 1,368,713,477€ | 3,726 |
| 2024 | 1,600,039,161€ | 4,110 |
| 2025 (Preliminary) | 2,053,113,034€ | 4,334 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–100 of 4,334
* 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 →
Totals include 30 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | BB Invest Group03403670 · Podgorica | 0.3% | 7,030,669€ | +1,830,803.4% | 204,148€ | 2.9% | 62 | 1,265€ |
| 52 | Alk Montenegro03347133 · Podgorica | 0.3% | 6,922,608€ | +1,767.2% | 1,712,654€ | 24.7% | 11 | 1,467€ |
| 53 | Strabag02713403 · Podgorica | 0.3% | 6,853,315€ | -13.5% | 404,996€ | 5.9% | 30 | 2,793€ |
| 54 | Anita02428881 · Budva | 0.3% | 6,144,817€ | -8.8% | 1,300,376€ | 21.2% | 42 | 1,403€ |
| 55 | Komunalne Usluge02407523 · Podgorica | 0.3% | 5,697,008€ | -10.2% | 177,010€ | 3.1% | 120 | 1,352€ |
| 56 | Tim Company02994127 · Pljevlja | 0.3% | 5,651,656€ | +61.7% | 446,407€ | 7.9% | 59 | 1,140€ |
| 57 | Fidija-Invest02804760 · Podgorica | 0.3% | 5,401,007€ | +385.8% | -133,392€ | -2.5% | 14 | 1,303€ |
| 58 | Hidro - Kop02694778 · Andrijevica | 0.3% | 5,337,077€ | +155.3% | 168,881€ | 3.2% | 85 | 706€ |
| 59 | Gradnja-Promet02055635 · Danilovgrad | 0.3% | 5,189,967€ | +6.9% | 186,472€ | 3.6% | 48 | 1,373€ |
| 60 | Inženjer Gogić03095037 · Podgorica | 0.3% | 5,156,324€ | +36.5% | 109,318€ | 2.1% | 54 | 1,390€ |
| 61 | BMP Gradnja02837722 · Podgorica | 0.2% | 5,120,468€ | +22.9% | 629,890€ | 12.3% | 35 | 794€ |
| 62 | Velimirović Invest02844605 · Podgorica | 0.2% | 5,014,664€ | +774.3% | 748,278€ | 14.9% | 5 | 5,793€ |
| 63 | A3 Team02995069 · Bar | 0.2% | 4,897,741€ | -5.7% | 465,271€ | 9.5% | 25 | 1,125€ |
| 64 | Montena03281507 · Podgorica | 0.2% | 4,876,893€ | +2,748.0% | 331,186€ | 6.8% | 5 | 2,379€ |
| 65 | Donita Mne03455068 · Ulcinj | 0.2% | 4,871,423€ | +60.7% | 376,057€ | 7.7% | 16 | 703€ |
| 66 | Frigoelektro02100037 · Podgorica | 0.2% | 4,868,711€ | +6.0% | 693,073€ | 14.2% | 35 | 858€ |
| 67 | Agencija za Stanovanje02015676 · Podgorica | 0.2% | 4,701,502€ | +14.4% | 329,720€ | 7.0% | 96 | 1,481€ |
| 68 | Ergotem S.A., Grčka03734005 · Podgorica | 0.2% | 4,697,555€ | No filing for 2024. | -473,316€ | -10.1% | 3 | 1,635€ |
| 69 | Sport Billy02358395 · Ulcinj | 0.2% | 4,607,069€ | -11.4% | 666,772€ | 14.5% | 49 | 554€ |
| 70 | Art Gradnja Bar02812398 · Bar | 0.2% | 4,552,618€ | +49.2% | 830,425€ | 18.2% | 13 | 12,409€ |
| 71 | Doto Mne03633551 · Budva | 0.2% | 4,453,159€ | +209.4% | -147,473€ | -3.3% | 3 | 1,656€ |
| 72 | Arming - Mont02938855 · Podgorica | 0.2% | 4,444,625€ | -10.9% | 93,660€ | 2.1% | 9 | 2,319€ |
| 73 | Rockler Inženjering02373564 · Budva | 0.2% | 4,444,537€ | -2.6% | 303,780€ | 6.8% | 32 | 1,576€ |
| 74 | Golf Scape03402185 · Podgorica | 0.2% | 4,332,818€ | +45.5% | 1,382,957€ | 31.9% | 18 | 1,801€ |
| 75 | AG. Infoplan02325926 · Nikšić | 0.2% | 4,328,995€ | +5.4% | 475,144€ | 11.0% | 12 | 1,726€ |
| 76 | Lepont02265443 · Podgorica | 0.2% | 4,255,076€ | +1,562.9% | 228,266€ | 5.4% | 7 | 611€ |
| 77 | Rašketić02761190 · Bar | 0.2% | 4,240,605€ | -24.5% | 176,082€ | 4.2% | 37 | 627€ |
| 78 | Hba Gradnja03402835 · Podgorica | 0.2% | 4,198,048€ | +36.1% | 340,803€ | 8.1% | 4 | 824€ |
| 79 | Bast02215586 · Nikšić | 0.2% | 4,197,311€ | +1,327.1% | 2,909,455€ | 69.3% | 5 | 975€ |
| 80 | Geo-Put Project03341372 · Podgorica | 0.2% | 4,152,913€ | +93.1% | 282,083€ | 6.8% | 24 | 1,677€ |
| 81 | S.A.R.D. Inženjering03218783 · Budva | 0.2% | 4,132,655€ | -12.1% | 19,911€ | 0.5% | 67 | 1,510€ |
| 82 | Adam Holding03353265 · Podgorica | 0.2% | 4,023,981€ | +1,218.6% | 70,656€ | 1.8% | 4 | 959€ |
| 83 | Home Invest03241904 · Danilovgrad | 0.2% | 4,000,575€ | +111.1% | 1,605,906€ | 40.1% | 1 | 1,856€ |
| 84 | Termo Tim PG02837471 · Podgorica | 0.2% | 3,998,892€ | +180.3% | 802,443€ | 20.1% | 19 | 797€ |
| 85 | Stone Design02986841 · Podgorica | 0.2% | 3,991,476€ | +59.7% | -610,461€ | -15.3% | 86 | 1,946€ |
| 86 | Inženjering Put02426919 · Podgorica | 0.2% | 3,981,055€ | +80.1% | 116,069€ | 2.9% | 20 | 1,136€ |
| 87 | Jedinstvo02677865 · Tivat | 0.2% | 3,934,586€ | +3.8% | 26,987€ | 0.7% | 7 | 1,003€ |
| 88 | Qbik03304850 · Podgorica | 0.2% | 3,932,812€ | +8.3% | 58,728€ | 1.5% | 25 | 1,305€ |
| 89 | Visokogradnja Mne03269116 · Podgorica | 0.2% | 3,899,810€ | +16.2% | 826,768€ | 21.2% | 61 | 1,763€ |
| 90 | Entext Invest02931699 · Podgorica | 0.2% | 3,894,060€ | +2,905.6% | 582,012€ | 14.9% | 7 | 2,059€ |
| 91 | Gold Bar02790564 · Bar | 0.2% | 3,824,781€ | +52.7% | 250,915€ | 6.6% | 13 | 1,190€ |
| 92 | U.C.C. Montekop03289028 · Kolašin | 0.2% | 3,816,885€ | -21.6% | 13,035€ | 0.3% | 52 | 1,180€ |
| 93 | PTT Inženjering02140128 · Podgorica | 0.2% | 3,790,103€ | +17.3% | 201,663€ | 5.3% | 45 | 1,372€ |
| 94 | Montenegro - Cop03071103 · Budva | 0.2% | 3,671,029€ | +93.7% | 119,418€ | 3.3% | 20 | 1,617€ |
| 95 | Did Invest03392945 · Podgorica | 0.2% | 3,667,561€ | +173.0% | 189,535€ | 5.2% | 7 | 2,581€ |
| 96 | Hidrosistem Montenegro03653471 · Podgorica | 0.2% | 3,641,308€ | +9,951.1% | 445,632€ | 12.2% | 6 | 1,168€ |
| 97 | Belmont Developments03239560 · Bar | 0.2% | 3,593,641€ | +4,307.9% | 324,056€ | 9.0% | 1 | — |
| 98 | Mezon02132419 · Danilovgrad | 0.2% | 3,571,293€ | -20.7% | 776,183€ | 21.7% | 35 | 1,080€ |
| 99 | D Kvant03226425 · Podgorica | 0.2% | 3,571,092€ | +184.5% | 895,489€ | 25.1% | 10 | 892€ |
| 100 | Aura Vittalis02819660 · Budva | 0.2% | 3,541,568€ | +10.8% | -35,007€ | -1.0% | 71 | 701€ |