Revenue
2.05b€3.0× since 2015
11.6% of Montenegro's revenue
Construction
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.
Nationwide · 2025
Year
Overview
Companies
4,334+2,693 since 2015
2,341 with at most one employee
Employees
19,4992.1× since 2015
Largest employer: Željeznička Infrastruktura Crne Gore (811)
Profit margin
8.0%1.9 pts above average
Total profit: 163.65m€
This sector 8.0%Montenegro: 6.1%
Payroll cost/emp./mo*
1,254€1% above average
Average per employee, not per company
This sector 1,254€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
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 |
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (3,648)
- 1.57b€ → 1.98b€
- Employees, same companies
- 16,438 → 18,077
- Payroll cost per employee, same companies
- 1,189€ → 1,309€
- Filed for 2025, not for 2024
- 686 companies · 71.22m€
- Filed for 2024, not for 2025
- 462 companies, 34.55m€ in 2024
Activities in this sector
- Companies
- 1,855
- Employees
- 7,732
- Revenue
- 1,171,418,644€
- Companies
- 86
- Employees
- 2,453
- Revenue
- 179,532,986€
6.8%
- Companies
- 327
- Employees
- 1,894
- Revenue
- 139,032,823€
- Companies
- 491
- Employees
- 1,585
- Revenue
- 97,221,438€
- Companies
- 258
- Employees
- 1,061
- Revenue
- 92,803,124€
- Companies
- 330
- Employees
- 910
- Revenue
- 66,553,148€
- Companies
- 11
- Employees
- 80
- Revenue
- 51,498,196€
1.7%
- Companies
- 235
- Employees
- 591
- Revenue
- 35,214,359€
1.6%
- Companies
- 23
- Employees
- 106
- Revenue
- 32,131,723€
1.4%
- Companies
- 154
- Employees
- 365
- Revenue
- 29,728,428€
4312
Site preparation- Companies
- 119
- Employees
- 332
- Revenue
- 26,412,453€
- Companies
- 81
- Employees
- 211
- Revenue
- 23,643,984€
1.0%
- Companies
- 64
- Employees
- 184
- Revenue
- 20,931,335€
- Companies
- 2
- Employees
- 812
- Revenue
- 17,807,462€
- Companies
- 29
- Employees
- 165
- Revenue
- 13,696,775€
7 more activities
55,486,156€ · 2.7%
Total
- Companies
- 4,334
- Employees
- 19,499
- Revenue
- 2,053,113,034€
Where they are and who is growing
Revenue by municipality
Share of the sector's revenue
- Podgorica 1.06b€51.6%
- Nikšić 194.91m€9.5%
- Tivat 172.89m€8.4%
- Budva 153.24m€7.5%
- Bar 99.83m€4.9%
- Danilovgrad 83.21m€4.1%
- Herceg Novi 60.54m€2.9%
- Other municipalities (17) 224.92m€11.0%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Nivel1.48m€ → 18.58m€+1,152.9%
- China Road & Bridge Corporation4.15m€ → 40.01m€+864.2%
- Ventura Partners3.58m€ → 20.23m€+465.5%
- Fidija-Invest1.11m€ → 5.40m€+385.8%
- Kips Gradnja7.33m€ → 28.64m€+290.7%
Largest employers
Employees and payroll cost per employee per month*
- 811927€
- 5291,881€
- 5061,244€
- 368508€
- 3401,537€
All companies (4,334)
Ranked by total revenue · Showing 1–50 of 4,334
- 1Bemax02643448 · PodgoricaRevenue share4.6%
- Revenue
- 94,355,961€
- Revenue change 2024→2025
- +13.5%
- Profit
- 2,927,476€
- Margin
- 3.1%
- Employees
- 134
- Payroll cost/emp./mo*
- 2,398€
- 2PM 4.103269981 · TivatRevenue share4.1%
- Revenue
- 84,638,358€
- Revenue change 2024→2025
- +388,220.6%
- Profit
- 10,960,607€
- Margin
- 12.9%
- Employees
- 123
- Payroll cost/emp./mo*
- 1,817€
- 3Eurozox02711028 · DanilovgradRevenue share2.7%
- Revenue
- 55,323,903€
- Revenue change 2024→2025
- +40.7%
- Profit
- 1,845,407€
- Margin
- 3.3%
- Employees
- 121
- Payroll cost/emp./mo*
- 2,181€
- 4Zetagradnja02278383 · PodgoricaRevenue share2.5%
- Revenue
- 52,341,807€
- Revenue change 2024→2025
- +3.1%
- Profit
- 14,346,082€
- Margin
- 27.4%
- Employees
- 82
- Payroll cost/emp./mo*
- 1,785€
- 5China Road & Bridge Corporation03016480 · PodgoricaRevenue share1.9%
- Revenue
- 40,010,268€
- Revenue change 2024→2025
- +864.2%
- Profit
- 35,533,951€
- Margin
- 88.8%
- Employees
- 14
- Payroll cost/emp./mo*
- 5,592€
- 6Ramel02142520 · NikšićRevenue share1.8%
- Revenue
- 36,277,494€
- Revenue change 2024→2025
- +45.0%
- Profit
- 2,399,915€
- Margin
- 6.6%
- Employees
- 251
- Payroll cost/emp./mo*
- 1,600€
- 7Master Inženjering02302586 · PodgoricaRevenue share1.8%
- Revenue
- 36,043,674€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 4,365,138€
- Margin
- 12.1%
- Employees
- 9
- Payroll cost/emp./mo*
- 3,107€
- 8Stambeno02718553 · NikšićRevenue share1.7%
- Revenue
- 34,110,327€
- Revenue change 2024→2025
- +42.9%
- Profit
- 1,221,625€
- Margin
- 3.6%
- Employees
- 110
- Payroll cost/emp./mo*
- 1,002€
- 9N.V.Besix S.A. Montenegro02945371 · TivatRevenue share1.5%
- Revenue
- 30,006,788€
- Revenue change 2024→2025
- +38.5%
- Profit
- -2,902,179€
- Margin
- -9.7%
- Employees
- 38
- Payroll cost/emp./mo*
- 3,830€
- 10Kips Gradnja03306828 · PodgoricaRevenue share1.4%
- Revenue
- 28,639,760€
- Revenue change 2024→2025
- +290.7%
- Profit
- 7,415,621€
- Margin
- 25.9%
- Employees
- 30
- Payroll cost/emp./mo*
- 1,336€
- 11Strabag Ag Austria02429381 · PodgoricaRevenue share1.2%
- Revenue
- 24,933,196€
- Revenue change 2024→2025
- -27.6%
- Profit
- 1,739,790€
- Margin
- 7.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 4,381€
- 12Crnagoraput02013703 · PodgoricaRevenue share1.2%
- Revenue
- 24,884,829€
- Revenue change 2024→2025
- +8.1%
- Profit
- 666,981€
- Margin
- 2.7%
- Employees
- 326
- Payroll cost/emp./mo*
- 1,469€
- 13Putevi02653893 · PodgoricaRevenue share1.0%
- Revenue
- 20,602,062€
- Revenue change 2024→2025
- +34.8%
- Profit
- 1,206,932€
- Margin
- 5.9%
- Employees
- 340
- Payroll cost/emp./mo*
- 1,537€
- 14Ventura Partners03320448 · PodgoricaRevenue share1.0%
- Revenue
- 20,233,330€
- Revenue change 2024→2025
- +465.5%
- Profit
- 3,315,104€
- Margin
- 16.4%
- Employees
- 28
- Payroll cost/emp./mo*
- 1,374€
- 15Putevi Bar03014584 · BarRevenue share1.0%
- Revenue
- 19,541,684€
- Revenue change 2024→2025
- +25.6%
- Profit
- 117,967€
- Margin
- 0.6%
- Employees
- 131
- Payroll cost/emp./mo*
- 1,939€
- 16Shandong Foreign Economic & Technical Cooperation CO. LTD. NR Kina03479951 · PodgoricaRevenue share0.9%
- Revenue
- 19,129,059€
- Revenue change 2024→2025
- +123.7%
- Profit
- 870,513€
- Margin
- 4.6%
- Employees
- 26
- Payroll cost/emp./mo*
- 1,886€
- 17Nivel02081873 · PodgoricaRevenue share0.9%
- Revenue
- 18,584,815€
- Revenue change 2024→2025
- +1,152.9%
- Profit
- 757,708€
- Margin
- 4.1%
- Employees
- 4
- Payroll cost/emp./mo*
- 1,284€
- 18HSV Vlasotince03626164 · PodgoricaRevenue share0.9%
- Revenue
- 18,152,601€
- Revenue change 2024→2025
- +1,130.3%
- Profit
- 3,541,318€
- Margin
- 19.5%
- Employees
- 6
- Payroll cost/emp./mo*
- 7,565€
- 19Željeznička Infrastruktura Crne Gore02723816 · PodgoricaRevenue share0.9%
- Revenue
- 17,705,799€
- Revenue change 2024→2025
- -7.6%
- Profit
- -3,889,171€
- Margin
- -22.0%
- Employees
- 811
- Payroll cost/emp./mo*
- 927€
- 20Ening02214628 · NikšićRevenue share0.8%
- Revenue
- 17,125,230€
- Revenue change 2024→2025
- +32.9%
- Profit
- 2,985,764€
- Margin
- 17.4%
- Employees
- 151
- Payroll cost/emp./mo*
- 1,726€
- 21GX 08102300923 · PodgoricaRevenue share0.7%
- Revenue
- 15,322,250€
- Revenue change 2024→2025
- +2,027.4%
- Profit
- 1,215,639€
- Margin
- 7.9%
- Employees
- 529
- Payroll cost/emp./mo*
- 1,881€
- 22Fidija02111616 · PodgoricaRevenue share0.7%
- Revenue
- 15,184,951€
- Revenue change 2024→2025
- -17.1%
- Profit
- 451,179€
- Margin
- 3.0%
- Employees
- 57
- Payroll cost/emp./mo*
- 1,901€
- 23Mehanizacija i Programat02259648 · NikšićRevenue share0.7%
- Revenue
- 15,046,117€
- Revenue change 2024→2025
- -9.5%
- Profit
- 44,367€
- Margin
- 0.3%
- Employees
- 198
- Payroll cost/emp./mo*
- 1,589€
- 24Si-Ing02224682 · PodgoricaRevenue share0.7%
- Revenue
- 14,289,638€
- Revenue change 2024→2025
- +1.8%
- Profit
- 640,587€
- Margin
- 4.5%
- Employees
- 93
- Payroll cost/emp./mo*
- 995€
- 25Briv Construction02052822 · KotorRevenue share0.7%
- Revenue
- 13,864,577€
- Revenue change 2024→2025
- -42.0%
- Profit
- 521,878€
- Margin
- 3.8%
- Employees
- 102
- Payroll cost/emp./mo*
- 2,215€
- 26Čelebić02073048 · PodgoricaRevenue share0.7%
- Revenue
- 13,746,908€
- Revenue change 2024→2025
- -22.9%
- Profit
- 370,166€
- Margin
- 2.7%
- Employees
- 122
- Payroll cost/emp./mo*
- 1,551€
- 27BB Solar02844575 · PodgoricaRevenue share0.7%
- Revenue
- 13,457,424€
- Revenue change 2024→2025
- -12.5%
- Profit
- 729,097€
- Margin
- 5.4%
- Employees
- 47
- Payroll cost/emp./mo*
- 2,061€
- 28L D Gradnja02675188 · NikšićRevenue share0.6%
- Revenue
- 13,080,082€
- Revenue change 2024→2025
- -6.6%
- Profit
- 772,533€
- Margin
- 5.9%
- Employees
- 23
- Payroll cost/emp./mo*
- 1,257€
- 29Asfalt - Beton Gradnja02929864 · PodgoricaRevenue share0.6%
- Revenue
- 11,814,198€
- Revenue change 2024→2025
- +35.6%
- Profit
- 839,422€
- Margin
- 7.1%
- Employees
- 20
- Payroll cost/emp./mo*
- 1,897€
- 30Juxinyuan Import Export CO.03177840 · PodgoricaRevenue share0.6%
- Revenue
- 11,554,817€
- Revenue change 2024→2025
- +200.7%
- Profit
- 925,715€
- Margin
- 8.0%
- Employees
- 22
- Payroll cost/emp./mo*
- 938€
- 31Termosistem02376733 · PodgoricaRevenue share0.6%
- Revenue
- 11,414,722€
- Revenue change 2024→2025
- +28.6%
- Profit
- 219,167€
- Margin
- 1.9%
- Employees
- 99
- Payroll cost/emp./mo*
- 1,694€
- 32Konstruktor Group03119971 · Bijelo PoljeRevenue share0.6%
- Revenue
- 11,314,318€
- Revenue change 2024→2025
- +75.0%
- Profit
- 1,357,191€
- Margin
- 12.0%
- Employees
- 40
- Payroll cost/emp./mo*
- 1,979€
- 33I & S Team03050556 · TivatRevenue share0.5%
- Revenue
- 11,119,270€
- Revenue change 2024→2025
- -42.4%
- Profit
- 1,189,192€
- Margin
- 10.7%
- Employees
- 42
- Payroll cost/emp./mo*
- 1,493€
- 34Sunraf Plus03276406 · BudvaRevenue share0.5%
- Revenue
- 10,828,025€
- Revenue change 2024→2025
- -9.5%
- Profit
- -571,038€
- Margin
- -5.3%
- Employees
- 6
- Payroll cost/emp./mo*
- 5,789€
- 35Perspektif Yapi Insaat Sanayi Ve Ticaret Anonim Sirketi03482219 · PodgoricaRevenue share0.5%
- Revenue
- 10,710,762€
- Revenue change 2024→2025
- -52.5%
- Profit
- -371,356€
- Margin
- -3.5%
- Employees
- 21
- Payroll cost/emp./mo*
- 4,655€
- 36Proengineering02664674 · PodgoricaRevenue share0.5%
- Revenue
- 10,309,525€
- Revenue change 2024→2025
- +10,171.1%
- Profit
- 1,639,608€
- Margin
- 15.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 5,438€
- 37Alk Gradnja03394662 · PodgoricaRevenue share0.5%
- Revenue
- 10,024,112€
- Revenue change 2024→2025
- +58.5%
- Profit
- 3,656,114€
- Margin
- 36.5%
- Employees
- 85
- Payroll cost/emp./mo*
- 1,580€
- 38Piles Construction Company03627195 · Herceg NoviRevenue share0.5%
- Revenue
- 9,491,714€
- Revenue change 2024→2025
- +160.2%
- Profit
- 1,256,437€
- Margin
- 13.2%
- Employees
- 112
- Payroll cost/emp./mo*
- 511€
- 39GP Mićoni02745615 · ZetaRevenue share0.4%
- Revenue
- 9,109,183€
- Revenue change 2024→2025
- +174.7%
- Profit
- 1,593,161€
- Margin
- 17.5%
- Employees
- 3
- Payroll cost/emp./mo*
- 5,132€
- 40Kolubara Crna Gora03643212 · BeraneRevenue share0.4%
- Revenue
- 8,828,115€
- Revenue change 2024→2025
- +141.6%
- Profit
- 70,952€
- Margin
- 0.8%
- Employees
- 2
- Payroll cost/emp./mo*
- 2,022€
- 41RTM Group03243907 · BarRevenue share0.4%
- Revenue
- 8,675,654€
- Revenue change 2024→2025
- +24.7%
- Profit
- 1,182,234€
- Margin
- 13.6%
- Employees
- 6
- Payroll cost/emp./mo*
- 913€
- 42Atena - Bohor02297191 · BudvaRevenue share0.4%
- Revenue
- 8,638,120€
- Revenue change 2024→2025
- +28.3%
- Profit
- 429,371€
- Margin
- 5.0%
- Employees
- 31
- Payroll cost/emp./mo*
- 2,413€
- 43LD Group02386992 · NikšićRevenue share0.4%
- Revenue
- 8,604,316€
- Revenue change 2024→2025
- +118.5%
- Profit
- 280,133€
- Margin
- 3.3%
- Employees
- 13
- Payroll cost/emp./mo*
- 1,541€
- 44Epcg-Solar-Gradnja03384624 · NikšićRevenue share0.4%
- Revenue
- 8,598,177€
- Revenue change 2024→2025
- +9.9%
- Profit
- 254,477€
- Margin
- 3.0%
- Employees
- 506
- Payroll cost/emp./mo*
- 1,244€
- 45North Star Mne03227553 · Herceg NoviRevenue share0.4%
- Revenue
- 8,435,345€
- Revenue change 2024→2025
- +167.9%
- Profit
- 581,756€
- Margin
- 6.9%
- Employees
- 104
- Payroll cost/emp./mo*
- 2,828€
- 46Admiral Holding02801094 · PodgoricaRevenue share0.4%
- Revenue
- 7,548,658€
- Revenue change 2024→2025
- +718.6%
- Profit
- 1,982,908€
- Margin
- 26.3%
- Employees
- 17
- Payroll cost/emp./mo*
- 1,773€
- 47Intermost02426960 · PodgoricaRevenue share0.4%
- Revenue
- 7,475,606€
- Revenue change 2024→2025
- +29.3%
- Profit
- 110,310€
- Margin
- 1.5%
- Employees
- 45
- Payroll cost/emp./mo*
- 1,253€
- 48Electro Team02744643 · BudvaRevenue share0.4%
- Revenue
- 7,469,016€
- Revenue change 2024→2025
- +119.8%
- Profit
- 323,191€
- Margin
- 4.3%
- Employees
- 47
- Payroll cost/emp./mo*
- 1,441€
- 49Axis Construction03411770 · BarRevenue share0.4%
- Revenue
- 7,244,818€
- Revenue change 2024→2025
- +362,240,800.0%
- Profit
- 1,934,090€
- Margin
- 26.7%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,317€
- 50B.L. Harbert International L.L.C03314596 · PodgoricaRevenue share0.3%
- Revenue
- 7,184,011€
- Revenue change 2024→2025
- -1.6%
- Profit
- 306,913€
- Margin
- 4.3%
- Employees
- 123
- Payroll cost/emp./mo*
- 2,700€
* 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 →
Construction companies in Montenegro ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR