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 201–250 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* |
|---|
| 201 | Ing Con03037096 · Podgorica | <0.1% | 1,813,056€ | +123.8% | 79,117€ | 4.4% | 7 | 2,164€ |
| 202 | S Plan03311643 · Nikšić | <0.1% | 1,778,984€ | +81.7% | 631,723€ | 35.5% | 8 | 2,759€ |
| 203 | Arco Inzenjering03076377 · Budva | <0.1% | 1,767,071€ | +51.1% | 48,840€ | 2.8% | 6 | 888€ |
| 204 | Adriatic Point Construction03385086 · Podgorica | <0.1% | 1,761,747€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 174,599€ | 9.9% | 4 | 882€ |
| 205 | Termoinženjering02077256 · Podgorica | <0.1% | 1,761,068€ | -43.0% | 42,629€ | 2.4% | 28 | 1,427€ |
| 206 | F2 As HDC03703541 · Nikšić | <0.1% | 1,760,697€ | +695.2% | 41,154€ | 2.3% | 8 | 2,170€ |
| 207 | L - Gradnja02671875 · Nikšić | <0.1% | 1,755,892€ | -31.5% | 104,478€ | 6.0% | 14 | 695€ |
| 208 | Neksan02131013 · Nikšić | <0.1% | 1,753,873€ | +474.7% | -739,330€ | -42.2% | 16 | 2,563€ |
| 209 | Spinel02185539 · Kotor | <0.1% | 1,739,986€ | +2.0% | 99,257€ | 5.7% | 24 | 1,385€ |
| 210 | Frigo-Mont02425254 · Podgorica | <0.1% | 1,721,956€ | +56.9% | 238,523€ | 13.9% | 12 | 1,401€ |
| 211 | Trend Inženjering03161013 · Podgorica | <0.1% | 1,697,187€ | +33.2% | 39,464€ | 2.3% | 5 | 3,027€ |
| 212 | Grupa 21902733633 · Podgorica | <0.1% | 1,690,712€ | +11.2% | 118,086€ | 7.0% | 18 | 1,193€ |
| 213 | 3D Construction Mne03525953 · Podgorica | <0.1% | 1,685,374€ | +39.8% | -164,360€ | -9.8% | 36 | 856€ |
| 214 | Linagar Montenegro03732088 · Podgorica | <0.1% | 1,683,720€ | No filing for 2024. | 415,186€ | 24.7% | 1 | 536€ |
| 215 | Armont03610551 · Zeta | <0.1% | 1,668,077€ | -9.9% | 31,926€ | 1.9% | 1 | 555€ |
| 216 | Decoral - Line03215164 · Budva | <0.1% | 1,662,460€ | +137.3% | 300,612€ | 18.1% | 14 | 720€ |
| 217 | Pešić Parketi02420708 · Bijelo Polje | <0.1% | 1,658,830€ | +6.9% | 74,041€ | 4.5% | 15 | 1,021€ |
| 218 | Građevinar02026325 · Podgorica | <0.1% | 1,648,808€ | -14.5% | 258,278€ | 15.7% | 26 | 1,460€ |
| 219 | Independent Construction03093867 · Podgorica | <0.1% | 1,646,643€ | -12.3% | 199,632€ | 12.1% | 6 | 1,514€ |
| 220 | Erlang02119218 · Podgorica | <0.1% | 1,633,780€ | +97.9% | 9,739€ | 0.6% | 12 | 1,294€ |
| 221 | Gold Grading02886731 · Berane | <0.1% | 1,630,922€ | +74.8% | 490,420€ | 30.1% | 18 | 648€ |
| 222 | Roaming Networks02858274 · Podgorica | <0.1% | 1,627,084€ | +2.1% | 296,085€ | 18.2% | 9 | 2,490€ |
| 223 | Rove02726874 · Tivat | <0.1% | 1,626,454€ | -27.1% | 32,793€ | 2.0% | 26 | 1,236€ |
| 224 | Investment Vehicle03287696 · Podgorica | <0.1% | 1,612,928€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,355,868€ | 84.1% | 1 | — |
| 225 | G.I.T. Montenegro03732266 · Podgorica | <0.1% | 1,612,428€ | No filing for 2024. | 365,425€ | 22.7% | 17 | 987€ |
| 226 | BS Construction03377326 · Budva | <0.1% | 1,608,307€ | +3.9% | 60,414€ | 3.8% | 14 | 1,761€ |
| 227 | Carat02420686 · Budva | <0.1% | 1,606,771€ | -44.0% | 231,269€ | 14.4% | 3 | — |
| 228 | Selca02684195 · Gusinje | <0.1% | 1,606,304€ | +501.1% | 79,254€ | 4.9% | 6 | 796€ |
| 229 | Bravera02076721 · Bijelo Polje | <0.1% | 1,599,634€ | +448.3% | -108,047€ | -6.8% | 46 | 1,076€ |
| 230 | Dinamika02689308 · Podgorica | <0.1% | 1,582,514€ | +102.6% | 139,509€ | 8.8% | 10 | 1,903€ |
| 231 | Žig - Ing02961164 · Budva | <0.1% | 1,571,567€ | +30.2% | 214,915€ | 13.7% | 4 | 4,363€ |
| 232 | M Solutions03164918 · Podgorica | <0.1% | 1,570,147€ | +34.4% | 176,422€ | 11.2% | 6 | 2,173€ |
| 233 | MNM Trading03293173 · Budva | <0.1% | 1,564,700€ | -27.2% | -538,840€ | -34.4% | 25 | 852€ |
| 234 | Hill Construction03550788 · Podgorica | <0.1% | 1,534,353€ | +463.4% | 140,560€ | 9.2% | 9 | 1,406€ |
| 235 | Dadi Gradnja03113361 · Podgorica | <0.1% | 1,533,393€ | -1.0% | 252,604€ | 16.5% | 2 | 1,082€ |
| 236 | Ibt03099504 · Herceg Novi | <0.1% | 1,525,467€ | +19.3% | 80,762€ | 5.3% | 22 | 1,287€ |
| 237 | 14 Septembar02306573 · Podgorica | <0.1% | 1,524,902€ | +961.2% | 1,205,586€ | 79.1% | 3 | 747€ |
| 238 | La Collina03000168 · Podgorica | <0.1% | 1,520,515€ | -43.4% | 17,415€ | 1.1% | 11 | 1,508€ |
| 239 | Incom02050269 · Podgorica | <0.1% | 1,515,214€ | +39.8% | 234,939€ | 15.5% | 4 | 3,429€ |
| 240 | Mne Universal03440729 · Podgorica | <0.1% | 1,500,985€ | +228.3% | 254,267€ | 16.9% | 10 | 748€ |
| 241 | Amđ Inženjering03406644 · Tivat | <0.1% | 1,487,431€ | -57.1% | 77,983€ | 5.2% | 1 | 641€ |
| 242 | Erioni03171787 · Podgorica | <0.1% | 1,487,030€ | +13.0% | 66,711€ | 4.5% | 19 | 2,002€ |
| 243 | Sun Power03067173 · Tivat | <0.1% | 1,485,577€ | +2.7% | 134,425€ | 9.0% | 4 | 2,321€ |
| 244 | Milićević Elektro03476740 · Nikšić | <0.1% | 1,481,676€ | +361.7% | 188,913€ | 12.7% | 13 | 5,893€ |
| 245 | Milović Company Mne03185419 · Nikšić | <0.1% | 1,476,743€ | +12.5% | 169,643€ | 11.5% | 14 | 1,162€ |
| 246 | Aluminiska Bravarija Vero-Al02619563 · Ulcinj | <0.1% | 1,463,904€ | +11.0% | 75,585€ | 5.2% | 22 | 717€ |
| 247 | Izvodjac Invest Mne03369536 · Podgorica | <0.1% | 1,452,026€ | +98.7% | 33,259€ | 2.3% | 4 | 3,346€ |
| 248 | River Side02666596 · Herceg Novi | <0.1% | 1,451,987€ | -75.6% | -317,108€ | -21.8% | 6 | 1,304€ |
| 249 | Refena02143356 · Podgorica | <0.1% | 1,443,182€ | +23.1% | 475,086€ | 32.9% | 6 | 1,158€ |
| 250 | Api Kotor03544885 · Podgorica | <0.1% | 1,442,087€ | +18,228.5% | -553,626€ | -38.4% | 8 | 1,188€ |