Revenue
57.1% of sector revenue
1,855 companies earned 1.17b€ in 2025, 57.1% of Construction sector revenue. Revenue has grown 3.5× since 2015.
57.1% of sector revenue
1,075 with at most one employee
Largest employer: Bemax (134)
Median company 2.1% · 34% 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 51–100 of 1,855
* 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 4 filings with an implausible profit.
Totals include 8 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
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 | 339,170,395€ | 646 |
| 2016 | 409,084,630€ | 704 |
| 2017 | 538,686,684€ | 783 |
| 2018 | 565,309,113€ | 979 |
| 2019 | 755,222,719€ | 1,110 |
| 2020 | 527,687,241€ | 1,222 |
| 2021 | 465,629,933€ | 1,344 |
| 2022 | 667,728,208€ | 1,500 |
| 2023 | 735,632,804€ | 1,717 |
| 2024 | 860,797,103€ | 1,853 |
| 2025 (Preliminary) | 1,171,418,644€ | 1,855 |
The number of companies jumped most in 2018: from 783 to 979.
Employees and payroll cost per employee per month*
0.3% |
| 3,899,810€ |
| +16.2% |
| 826,768€ |
| 21.2% |
| 61 |
| 1,763€ |
| 53 | Entext Invest02931699 · Podgorica | 0.3% | 3,894,060€ | +2,905.6% | 582,012€ | 14.9% | 7 | 2,059€ |
| 54 | Gold Bar02790564 · Bar | 0.3% | 3,824,781€ | +52.7% | 250,915€ | 6.6% | 13 | 1,190€ |
| 55 | Montenegro - Cop03071103 · Budva | 0.3% | 3,671,029€ | +93.7% | 119,418€ | 3.3% | 20 | 1,617€ |
| 56 | Did Invest03392945 · Podgorica | 0.3% | 3,667,561€ | +173.0% | 189,535€ | 5.2% | 7 | 2,581€ |
| 57 | Belmont Developments03239560 · Bar | 0.3% | 3,593,641€ | +4,307.9% | 324,056€ | 9.0% | 1 | — |
| 58 | Aura Vittalis02819660 · Budva | 0.3% | 3,541,568€ | +10.8% | -35,007€ | -1.0% | 71 | 701€ |
| 59 | Art-S-Design03129314 · Tivat | 0.3% | 3,519,994€ | +336.6% | 773,175€ | 22.0% | 36 | 1,679€ |
| 60 | C Group02442175 · Podgorica | 0.3% | 3,405,437€ | +5.3% | 167,167€ | 4.9% | 22 | 997€ |
| 61 | Izoser Mne03309878 · Budva | 0.3% | 3,377,683€ | +6,528.2% | 191,685€ | 5.7% | 1 | 3,003€ |
| 62 | Tehno - Gradnja02458845 · Pljevlja | 0.3% | 3,348,953€ | +46.7% | 33,153€ | 1.0% | 55 | 700€ |
| 63 | Kara & Vertical Construction03496996 · Budva | 0.3% | 3,274,559€ | +163,727,850.0% | 302,566€ | 9.2% | 1 | 1,311€ |
| 64 | Bombeton02133539 · Cetinje | 0.3% | 3,248,763€ | +24.0% | 88,484€ | 2.7% | 20 | 913€ |
| 65 | VB Inženjering03484823 · Podgorica | 0.3% | 3,224,828€ | +193.1% | 431,779€ | 13.4% | 11 | 2,685€ |
| 66 | VHM Development03225542 · Podgorica | 0.3% | 3,176,778€ | +10,275.5% | 754,754€ | 23.8% | 7 | 2,958€ |
| 67 | MD-Momo02050331 · Berane | 0.3% | 3,062,884€ | +7.3% | 132,050€ | 4.3% | 31 | 815€ |
| 68 | Ig Group03597407 · Ulcinj | 0.3% | 3,057,494€ | +1,005,654.6% | 109,150€ | 3.6% | 2 | 961€ |
| 69 | Nikić02054612 · Podgorica | 0.3% | 3,002,290€ | +17.6% | 517,230€ | 17.2% | 2 | 946€ |
| 70 | Invictus Formo03230023 · Bar | 0.3% | 2,936,930€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 412,085€ | 14.0% | 1 | 1,376€ |
| 71 | Razvršje02076403 · Podgorica | 0.2% | 2,916,664€ | +22.4% | 565,495€ | 19.4% | 45 | 360€ |
| 72 | Koja Company03137171 · Tuzi | 0.2% | 2,876,979€ | +31.0% | 629,710€ | 21.9% | 34 | 766€ |
| 73 | Fis Jase Invest03215571 · Podgorica | 0.2% | 2,799,271€ | -7.0% | 313,661€ | 11.2% | 9 | 969€ |
| 74 | Bizard Company03295826 · Budva | 0.2% | 2,771,379€ | +24.6% | 160,184€ | 5.8% | 1 | 4,453€ |
| 75 | Best Investment02811235 · Podgorica | 0.2% | 2,574,807€ | +244.8% | 951,761€ | 37.0% | 8 | 781€ |
| 76 | M.B. Invest Construction03633187 · Podgorica | 0.2% | 2,565,453€ | +435.2% | 394,113€ | 15.4% | 1 | 678€ |
| 77 | Ndoj Company03328112 · Herceg Novi | 0.2% | 2,516,101€ | +61.5% | 331,067€ | 13.2% | 128 | 691€ |
| 78 | Akropolis02308479 · Nikšić | 0.2% | 2,380,912€ | -1.0% | 363,312€ | 15.3% | 23 | 1,494€ |
| 79 | KM Inženjering03400948 · Budva | 0.2% | 2,364,656€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 612,916€ | 25.9% | 1 | — |
| 80 | Bridges Ropeways Infrastructure Construction Substations03730662 · Podgorica | 0.2% | 2,299,073€ | No filing for 2024. | 419,510€ | 18.2% | 8 | 3,095€ |
| 81 | Ar.Beton-Construction03331393 · Ulcinj | 0.2% | 2,288,817€ | -28.2% | 22,849€ | 1.0% | 5 | 777€ |
| 82 | VB Monting03484793 · Podgorica | 0.2% | 2,188,190€ | -16.1% | 75,364€ | 3.4% | 10 | 1,429€ |
| 83 | Viva Šped03137341 · Bar | 0.2% | 2,183,869€ | +305.7% | 818,148€ | 37.5% | 8 | 1,020€ |
| 84 | Structos03399966 · Podgorica | 0.2% | 2,179,504€ | +182.7% | 75,366€ | 3.5% | 27 | 1,877€ |
| 85 | Dream House03279014 · Ulcinj | 0.2% | 2,152,908€ | +2,891.0% | 144,966€ | 6.7% | 3 | 570€ |
| 86 | VS Invest03271927 · Tuzi | 0.2% | 2,150,224€ | +1,347.6% | 477,870€ | 22.2% | 3 | 2,445€ |
| 87 | Corner Construction03324192 · Podgorica | 0.2% | 2,122,913€ | -65.4% | 180,992€ | 8.5% | 3 | 1,579€ |
| 88 | Č&R Invest03457001 · Podgorica | 0.2% | 2,121,436€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 380,023€ | 17.9% | 1 | 707€ |
| 89 | Internorma02207311 · Podgorica | 0.2% | 2,099,044€ | +55.1% | 863,942€ | 41.2% | 1 | 452€ |
| 90 | Rapex Plus02868784 · Bar | 0.2% | 2,097,501€ | -20.0% | 66,237€ | 3.2% | 29 | 768€ |
| 91 | Stublina03183696 · Budva | 0.2% | 2,077,716€ | -58.0% | 144,005€ | 6.9% | 18 | 2,022€ |
| 92 | R & R Invest03295079 · Podgorica | 0.2% | 2,073,615€ | +95.3% | 633,586€ | 30.6% | 16 | 852€ |
| 93 | Profesional Gradnja03107507 · Bijelo Polje | 0.2% | 2,056,985€ | +60.1% | 5,061€ | 0.2% | 8 | 1,545€ |
| 94 | Co-Mont02421038 · Podgorica | 0.2% | 2,030,086€ | -22.9% | 70,135€ | 3.5% | 13 | 1,247€ |
| 95 | Tradeunique CG02398311 · Budva | 0.2% | 2,021,516€ | -1.1% | 8,000€ | 0.4% | 8 | 2,049€ |
| 96 | Victorem Montenegro03345343 · Podgorica | 0.2% | 2,021,045€ | +127.0% | 371,440€ | 18.4% | 5 | 730€ |
| 97 | Galop Inženjering02388081 · Budva | 0.2% | 2,009,907€ | +60.9% | 92,863€ | 4.6% | 9 | 3,196€ |
| 98 | Monte - Co02714523 · Budva | 0.2% | 2,005,916€ | +108.5% | 116,935€ | 5.8% | 2 | 3,402€ |
| 99 | CG Gradnja02914271 · Podgorica | 0.2% | 1,980,146€ | +12.9% | 101,433€ | 5.1% | 10 | 2,576€ |
| 100 | Monting Gradnja03395049 · Danilovgrad | 0.2% | 1,961,436€ | +167.9% | 3,895€ | 0.2% | 8 | 1,029€ |