Revenue
1.4% of sector revenue
154 companies earned 29.73m€ in 2025, 1.4% of Construction sector revenue. Revenue has grown 2.4× since 2015.
1.4% of sector revenue
116 with at most one employee
Largest employer: Ski Resort Kolašin-1600 (66)
Median company -14.2% · 22% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1–50 of 154
* 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 →
Profit excludes 2 filings with an implausible profit.
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 12,154,890€ | 109 |
| 2016 | 10,895,902€ | 123 |
| 2017 | 10,473,919€ | 132 |
| 2018 | 15,204,365€ | 139 |
| 2019 | 17,490,548€ | 142 |
| 2020 | 20,002,822€ | 137 |
| 2021 | 25,987,257€ | 138 |
| 2022 | 29,819,734€ | 152 |
| 2023 | 26,845,116€ | 152 |
| 2024 | 44,768,471€ | 160 |
| 2025 (Preliminary) | 29,728,428€ | 154 |
Employees and payroll cost per employee per month*
11.0% |
| 3,273,304€ |
| +154.4% |
| 188,288€ |
| 5.8% |
| 1 |
| 1,873€ |
| 3 | Dizicom02199114 · Herceg Novi | 9.5% | 2,829,591€ | +38.8% | 218,209€ | 7.7% | 40 | 1,480€ |
| 4 | Building Art03553361 · Podgorica | 7.0% | 2,073,138€ | -61.8% | 572,476€ | 27.6% | 2 | 2,613€ |
| 5 | Bay View Investments02835606 · Podgorica | 6.8% | 2,031,213€ | +2,011,002.0% | 1,855,963€ | 91.4% | 3 | 1,308€ |
| 6 | Ski Resort Kolašin-160003123553 · Kolašin | 6.5% | 1,932,656€ | +352.8% | -1,792,205€ | -92.7% | 66 | 1,758€ |
| 7 | HD Gradnja Mne03499774 · Kotor | 6.3% | 1,876,252€ | +24.8% | 81,136€ | 4.3% | 42 | 1,172€ |
| 8 | Sun Power03067173 · Tivat | 5.0% | 1,485,577€ | +2.7% | 134,425€ | 9.0% | 4 | 2,321€ |
| 9 | Bbi Development03320871 · Kotor | 4.3% | 1,286,222€ | +8,012.4% | 889,318€ | 69.1% | 2 | 5,112€ |
| 10 | Akinita03778932 · Tivat | 2.8% | 834,551€ | No filing for 2024. | -992,919€ | -119.0% | 1 | — |
| 11 | Zain Property Development03103331 · Podgorica | 2.4% | 726,926€ | -44.9% | -22,448€ | -3.1% | 1 | 5,952€ |
| 12 | DP Monte02845563 · Bar | 2.0% | 591,488€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 262,084€ | 44.3% | 1 | 932€ |
| 13 | Ivicom Consulting02998050 · Podgorica | 1.9% | 564,699€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 346,814€ | 61.4% | 3 | 1,079€ |
| 14 | Sigma Delta Investments02646765 · Podgorica | 1.8% | 526,605€ | +7.8% | 251,277€ | 47.7% | 1 | 1,493€ |
| 15 | Eagle Hills Montenegro03738973 · Podgorica | 1.6% | 484,233€ | No filing for 2024. | -1,532,541€ | -316.5% | 2 | 3,041€ |
| 16 | Property Invest03600327 · Podgorica | 1.6% | 465,327€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,667€ | -5.3% | 1 | 451€ |
| 17 | Adriadome02777649 · Herceg Novi | 1.5% | 440,953€ | +3,465.3% | -10,105€ | -2.3% | 1 | 1,316€ |
| 18 | Grand Stroy02773317 · Budva | 1.4% | 407,238€ | -5.4% | -136,690€ | -33.6% | 3 | 823€ |
| 19 | STCMPN Consulting & Construction03223671 · Podgorica | 1.3% | 401,040€ | +14.6% | -8,552€ | -2.1% | 5 | 3,757€ |
| 20 | Bjelasica 145003284956 · Podgorica | 1.3% | 393,620€ | +64.5% | 236,950€ | 60.2% | 1 | 2,864€ |
| 21 | Blue Investments02769336 · Tivat | 1.0% | 298,754€ | -98.6% | -263,234€ | -88.1% | 2 | 6,855€ |
| 22 | Demix Construction03307816 · Podgorica | 0.9% | 282,057€ | -11.0% | 34,135€ | 12.1% | 4 | 1,495€ |
| 23 | Mic02882612 · Budva | 0.9% | 276,637€ | +1,312.1% | 45,945€ | 16.6% | 2 | 339€ |
| 24 | Biro Inženjering & Construction03465195 · Tivat | 0.8% | 251,833€ | -49.0% | 2,307€ | 0.9% | 3 | 1,008€ |
| 25 | The House Project03291421 · Budva | 0.8% | 224,340€ | +167.1% | 81,097€ | 36.1% | 1 | 2,488€ |
| 26 | Ccec Investments03148718 · Kotor | 0.7% | 216,577€ | +679.5% | 160,561€ | 74.1% | 1 | 677€ |
| 27 | Crnogorski Fond za Solidarnu Stambenu Izgradnju02247097 · Podgorica | 0.6% | 174,638€ | -24.8% | 944€ | 0.5% | 10 | 1,223€ |
| 28 | Golden Pearl02690454 · Tivat | 0.5% | 148,145€ | +58.9% | -827,718€ | -558.7% | 2 | 739€ |
| 29 | Sita03231569 · Budva | 0.5% | 145,607€ | +107.1% | 11,637€ | 8.0% | 6 | 1,239€ |
| 30 | Monteflower02646137 · Budva | 0.5% | 142,601€ | -19.0% | -11,081€ | -7.8% | 1 | 1,170€ |
| 31 | First Investment Company03274896 · Tivat | 0.4% | 127,827€ | +88.3% | -4,325,053€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 32 | Red Sienna03288692 · Tivat | 0.3% | 102,600€ | -50.0% | 34,947€ | 34.1% | 1 | 1,645€ |
| 33 | Belko02649454 · Herceg Novi | 0.3% | 93,813€ | +181.6% | 13,833€ | 14.7% | 3 | 835€ |
| 34 | Adriatic Construction Company02799219 · Herceg Novi | 0.3% | 85,355€ | +67,642.1% | 59,070€ | 69.2% | 1 | 518€ |
| 35 | Risan Bay03294544 · Kotor | 0.3% | 84,109€ | +16,857.5% | -368,435€ | -438.0% | 3 | 737€ |
| 36 | Adria Expeditionary Support03401308 · Tivat | 0.2% | 70,027€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 55,370€ | 79.1% | 1 | 451€ |
| 37 | White Angels03725332 · Budva | 0.2% | 65,954€ | No filing for 2024. | -19,345€ | -29.3% | 1 | 736€ |
| 38 | Jedro Invest02736071 · Herceg Novi | 0.2% | 65,236€ | +686.3% | -7,410€ | -11.4% | 1 | — |
| 39 | JSS02931176 · Herceg Novi | 0.2% | 61,389€ | +2.8% | -5,740€ | -9.4% | 2 | 349€ |
| 40 | Mahon Property Management02781425 · Tivat | 0.2% | 58,806€ | +0.0% | 31,492€ | 53.6% | 1 | — |
| 41 | K Construction03771725 · Tuzi | 0.2% | 55,330€ | No filing for 2024. | -2,512€ | -4.5% | 1 | 491€ |
| 42 | Mamula Construction03278735 · Tivat | 0.2% | 52,662€ | +373.8% | -109,051€ | -207.1% | 3 | 2,016€ |
| 43 | Adria Property Management03393526 · Podgorica | 0.2% | 52,190€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,138€ | 21.3% | 1 | 339€ |
| 44 | B4B03263622 · Bar | 0.2% | 50,156€ | -78.7% | 32,402€ | 64.6% | 2 | — |
| 45 | Black Iris02996332 · Tivat | 0.2% | 49,172€ | -3.6% | -28,811€ | -58.6% | 3 | 684€ |
| 46 | Creative Room03100952 · Podgorica | 0.2% | 48,740€ | +37.4% | 505€ | 1.0% | 1 | 1,122€ |
| 47 | Rus Invest Group02438577 · Herceg Novi | 0.2% | 48,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50,614€ | -104.4% | 1 | 678€ |
| 48 | Timerhan02780968 · Tivat | 0.2% | 48,347€ | +14.0% | -35,033€ | -72.5% | 2 | 674€ |
| 49 | Magnum Development03326756 · Podgorica | 0.2% | 45,720€ | +65.8% | -123,118€ | -269.3% | 4 | 1,310€ |
| 50 | Stratex Development02735407 · Budva | 0.1% | 42,741€ | +8.6% | -148,482€ | -347.4% | 1 | 1,697€ |