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 101–150 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* |
|---|
| 101 | Art-S-Design03129314 · Tivat | 0.2% | 3,519,994€ | +336.6% | 773,175€ | 22.0% | 36 | 1,679€ |
| 102 | Gugi Commerce02301326 · Budva | 0.2% | 3,467,323€ | -6.3% | 29,886€ | 0.9% | 38 | 1,556€ |
| 103 | C Group02442175 · Podgorica | 0.2% | 3,405,437€ | +5.3% | 167,167€ | 4.9% | 22 | 997€ |
| 104 | Koding02986973 · Podgorica | 0.2% | 3,400,663€ | +47.0% | 119,862€ | 3.5% | 17 | 1,550€ |
| 105 | Izoser Mne03309878 · Budva | 0.2% | 3,377,683€ | +6,528.2% | 191,685€ | 5.7% | 1 | 3,003€ |
| 106 | Tehno - Gradnja02458845 · Pljevlja | 0.2% | 3,348,953€ | +46.7% | 33,153€ | 1.0% | 55 | 700€ |
| 107 | Rezident03143619 · Podgorica | 0.2% | 3,322,584€ | +27.8% | 134,775€ | 4.1% | 7 | 2,976€ |
| 108 | Koving02302373 · Podgorica | 0.2% | 3,301,826€ | +95.1% | 18,307€ | 0.6% | 7 | 2,297€ |
| 109 | Izomont Mne03053237 · Podgorica | 0.2% | 3,288,421€ | -6.7% | 476,580€ | 14.5% | 26 | 1,017€ |
| 110 | Kara & Vertical Construction03496996 · Budva | 0.2% | 3,274,559€ | +163,727,850.0% | 302,566€ | 9.2% | 1 | 1,311€ |
| 111 | Structura Mne03265978 · Podgorica | 0.2% | 3,273,304€ | +154.4% | 188,288€ | 5.8% | 1 | 1,873€ |
| 112 | Bombeton02133539 · Cetinje | 0.2% | 3,248,763€ | +24.0% | 88,484€ | 2.7% | 20 | 913€ |
| 113 | VB Inženjering03484823 · Podgorica | 0.2% | 3,224,828€ | +193.1% | 431,779€ | 13.4% | 11 | 2,685€ |
| 114 | VHM Development03225542 · Podgorica | 0.2% | 3,176,778€ | +10,275.5% | 754,754€ | 23.8% | 7 | 2,958€ |
| 115 | Sampetrol02412314 · Tivat | 0.2% | 3,109,061€ | +37.2% | 95,798€ | 3.1% | 25 | 1,096€ |
| 116 | MD-Momo02050331 · Berane | 0.1% | 3,062,884€ | +7.3% | 132,050€ | 4.3% | 31 | 815€ |
| 117 | Hidromont Inženjering02915952 · Podgorica | 0.1% | 3,058,869€ | +146.9% | 1,687,916€ | 55.2% | 11 | 2,387€ |
| 118 | Ig Group03597407 · Ulcinj | 0.1% | 3,057,494€ | +1,005,654.6% | 109,150€ | 3.6% | 2 | 961€ |
| 119 | Nikić02054612 · Podgorica | 0.1% | 3,002,290€ | +17.6% | 517,230€ | 17.2% | 2 | 946€ |
| 120 | Građevinarstvo i Savjetovanje02729571 · Podgorica | 0.1% | 2,994,064€ | +187.8% | 791,091€ | 26.4% | 10 | 3,735€ |
| 121 | Genex.Me02966336 · Podgorica | 0.1% | 2,984,374€ | +39.4% | 74,505€ | 2.5% | 23 | 2,419€ |
| 122 | Đurković02691825 · Nikšić | 0.1% | 2,981,790€ | +10.3% | 226,724€ | 7.6% | 5 | 3,606€ |
| 123 | Invictus Formo03230023 · Bar | 0.1% | 2,936,930€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 412,085€ | 14.0% | 1 | 1,376€ |
| 124 | Razvršje02076403 · Podgorica | 0.1% | 2,916,664€ | +22.4% | 565,495€ | 19.4% | 45 | 360€ |
| 125 | Koja Company03137171 · Tuzi | 0.1% | 2,876,979€ | +31.0% | 629,710€ | 21.9% | 34 | 766€ |
| 126 | Gradnja Inženjering Mne03204553 · Podgorica | 0.1% | 2,870,813€ | +18.4% | 521,702€ | 18.2% | 6 | 1,251€ |
| 127 | Dizicom02199114 · Herceg Novi | 0.1% | 2,829,591€ | +38.8% | 218,209€ | 7.7% | 40 | 1,480€ |
| 128 | Fis Jase Invest03215571 · Podgorica | 0.1% | 2,799,271€ | -7.0% | 313,661€ | 11.2% | 9 | 969€ |
| 129 | Bizard Company03295826 · Budva | 0.1% | 2,771,379€ | +24.6% | 160,184€ | 5.8% | 1 | 4,453€ |
| 130 | Milović Company02835843 · Nikšić | 0.1% | 2,766,855€ | +26.4% | 612,958€ | 22.2% | 23 | 1,524€ |
| 131 | Arascon03461165 · Herceg Novi | 0.1% | 2,766,701€ | +250.6% | 230,851€ | 8.3% | 73 | 1,451€ |
| 132 | V i N G02313499 · Pljevlja | 0.1% | 2,733,968€ | +29.3% | 597,803€ | 21.9% | 18 | 895€ |
| 133 | Indufloor03047644 · Podgorica | 0.1% | 2,707,291€ | +42.3% | -103,861€ | -3.8% | 5 | 2,290€ |
| 134 | Stab02961989 · Budva | 0.1% | 2,680,851€ | -30.1% | 121,657€ | 4.5% | 60 | 659€ |
| 135 | Ema Kop03264670 · Ulcinj | 0.1% | 2,658,082€ | +138.4% | 89,180€ | 3.4% | 10 | 1,042€ |
| 136 | Aqua Engineering03207030 · Podgorica | 0.1% | 2,613,218€ | +67.6% | 375,858€ | 14.4% | 9 | 1,848€ |
| 137 | Bauriss03182231 · Podgorica | 0.1% | 2,603,209€ | +76.6% | 49,664€ | 1.9% | 25 | 2,223€ |
| 138 | Parmos02102552 · Podgorica | 0.1% | 2,601,017€ | -8.9% | 53,970€ | 2.1% | 19 | 1,459€ |
| 139 | Kodar Inženjering02428024 · Podgorica | 0.1% | 2,598,895€ | -4.9% | 116,305€ | 4.5% | 21 | 1,401€ |
| 140 | Planum03076954 · Podgorica | 0.1% | 2,597,277€ | +286.4% | 91,185€ | 3.5% | 1 | 1,685€ |
| 141 | Best Investment02811235 · Podgorica | 0.1% | 2,574,807€ | +244.8% | 951,761€ | 37.0% | 8 | 781€ |
| 142 | M.B. Invest Construction03633187 · Podgorica | 0.1% | 2,565,453€ | +435.2% | 394,113€ | 15.4% | 1 | 678€ |
| 143 | Plam Inženjering02135191 · Tuzi | 0.1% | 2,516,827€ | +3.1% | 407,931€ | 16.2% | 8 | 920€ |
| 144 | Ndoj Company03328112 · Herceg Novi | 0.1% | 2,516,101€ | +61.5% | 331,067€ | 13.2% | 128 | 691€ |
| 145 | Laki Construction03371964 · Nikšić | 0.1% | 2,513,073€ | +132.9% | 237,172€ | 9.4% | 13 | 1,818€ |
| 146 | Quadrum03708608 · Podgorica | 0.1% | 2,452,928€ | +1,035.1% | 56,385€ | 2.3% | 7 | 2,867€ |
| 147 | Idc Company02968215 · Podgorica | 0.1% | 2,426,426€ | +184.9% | 258,385€ | 10.6% | 10 | 1,833€ |
| 148 | Arming02736144 · Podgorica | 0.1% | 2,423,179€ | -25.0% | 35,106€ | 1.4% | 63 | 2,381€ |
| 149 | Eko Projekt Mne03556506 · Podgorica | 0.1% | 2,397,186€ | +38.2% | -30,688€ | -1.3% | 6 | 6,896€ |
| 150 | Akropolis02308479 · Nikšić | 0.1% | 2,380,912€ | -1.0% | 363,312€ | 15.3% | 23 | 1,494€ |