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 101–150 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*
0.2% |
| 1,874,237€ |
| -7.7% |
| -892,344€ |
| -47.6% |
| 5 |
| 501€ |
| 103 | Donmez Invest03611183 · Bar | 0.2% | 1,869,002€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -186,040€ | -10.0% | 0 | — |
| 104 | Zeković Company02812304 · Žabljak | 0.2% | 1,833,523€ | +99.7% | 30,897€ | 1.7% | 18 | 1,159€ |
| 105 | Neimar Investments & Construction03317307 · Bar | 0.2% | 1,828,520€ | +11.6% | 25,701€ | 1.4% | 10 | 885€ |
| 106 | Agencija za Izgradnju i Razvoj Berane03069494 · Berane | 0.2% | 1,825,245€ | +3.8% | 5,246€ | 0.3% | 87 | 852€ |
| 107 | SS Construction03611744 · Budva | 0.2% | 1,815,320€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 433,477€ | 23.9% | 1 | 713€ |
| 108 | Ing Con03037096 · Podgorica | 0.2% | 1,813,056€ | +123.8% | 79,117€ | 4.4% | 7 | 2,164€ |
| 109 | Arco Inzenjering03076377 · Budva | 0.2% | 1,767,071€ | +51.1% | 48,840€ | 2.8% | 6 | 888€ |
| 110 | Adriatic Point Construction03385086 · Podgorica | 0.2% | 1,761,747€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 174,599€ | 9.9% | 4 | 882€ |
| 111 | Neksan02131013 · Nikšić | 0.1% | 1,753,873€ | +474.7% | -739,330€ | -42.2% | 16 | 2,563€ |
| 112 | Trend Inženjering03161013 · Podgorica | 0.1% | 1,697,187€ | +33.2% | 39,464€ | 2.3% | 5 | 3,027€ |
| 113 | Grupa 21902733633 · Podgorica | 0.1% | 1,690,712€ | +11.2% | 118,086€ | 7.0% | 18 | 1,193€ |
| 114 | 3D Construction Mne03525953 · Podgorica | 0.1% | 1,685,374€ | +39.8% | -164,360€ | -9.8% | 36 | 856€ |
| 115 | Armont03610551 · Zeta | 0.1% | 1,668,077€ | -9.9% | 31,926€ | 1.9% | 1 | 555€ |
| 116 | Independent Construction03093867 · Podgorica | 0.1% | 1,646,643€ | -12.3% | 199,632€ | 12.1% | 6 | 1,514€ |
| 117 | Erlang02119218 · Podgorica | 0.1% | 1,633,780€ | +97.9% | 9,739€ | 0.6% | 12 | 1,294€ |
| 118 | Rove02726874 · Tivat | 0.1% | 1,626,454€ | -27.1% | 32,793€ | 2.0% | 26 | 1,236€ |
| 119 | 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 | — |
| 120 | Carat02420686 · Budva | 0.1% | 1,606,771€ | -44.0% | 231,269€ | 14.4% | 3 | — |
| 121 | Bravera02076721 · Bijelo Polje | 0.1% | 1,599,634€ | +448.3% | -108,047€ | -6.8% | 46 | 1,076€ |
| 122 | Dinamika02689308 · Podgorica | 0.1% | 1,582,514€ | +102.6% | 139,509€ | 8.8% | 10 | 1,903€ |
| 123 | Žig - Ing02961164 · Budva | 0.1% | 1,571,567€ | +30.2% | 214,915€ | 13.7% | 4 | 4,363€ |
| 124 | MNM Trading03293173 · Budva | 0.1% | 1,564,700€ | -27.2% | -538,840€ | -34.4% | 25 | 852€ |
| 125 | Hill Construction03550788 · Podgorica | 0.1% | 1,534,353€ | +463.4% | 140,560€ | 9.2% | 9 | 1,406€ |
| 126 | Dadi Gradnja03113361 · Podgorica | 0.1% | 1,533,393€ | -1.0% | 252,604€ | 16.5% | 2 | 1,082€ |
| 127 | 14 Septembar02306573 · Podgorica | 0.1% | 1,524,902€ | +961.2% | 1,205,586€ | 79.1% | 3 | 747€ |
| 128 | Incom02050269 · Podgorica | 0.1% | 1,515,214€ | +39.8% | 234,939€ | 15.5% | 4 | 3,429€ |
| 129 | Mne Universal03440729 · Podgorica | 0.1% | 1,500,985€ | +228.3% | 254,267€ | 16.9% | 10 | 748€ |
| 130 | Amđ Inženjering03406644 · Tivat | 0.1% | 1,487,431€ | -57.1% | 77,983€ | 5.2% | 1 | 641€ |
| 131 | Izvodjac Invest Mne03369536 · Podgorica | 0.1% | 1,452,026€ | +98.7% | 33,259€ | 2.3% | 4 | 3,346€ |
| 132 | River Side02666596 · Herceg Novi | 0.1% | 1,451,987€ | -75.6% | -317,108€ | -21.8% | 6 | 1,304€ |
| 133 | Refena02143356 · Podgorica | 0.1% | 1,443,182€ | +23.1% | 475,086€ | 32.9% | 6 | 1,158€ |
| 134 | Api Kotor03544885 · Podgorica | 0.1% | 1,442,087€ | +18,228.5% | -553,626€ | -38.4% | 8 | 1,188€ |
| 135 | Martex Invest03642615 · Cetinje | 0.1% | 1,431,021€ | +270,926.7% | -39,059€ | -2.7% | 4 | 1,741€ |
| 136 | RB Holding02746093 · Tivat | 0.1% | 1,429,830€ | +26.1% | 53,329€ | 3.7% | 18 | 1,391€ |
| 137 | Dacon03406024 · Podgorica | 0.1% | 1,416,677€ | +623.0% | 63,302€ | 4.5% | 2 | 2,092€ |
| 138 | Next Construction03619320 · Podgorica | 0.1% | 1,414,567€ | +119.1% | -300,115€ | -21.2% | 5 | 3,317€ |
| 139 | Elektron02209934 · Podgorica | 0.1% | 1,413,817€ | -38.8% | 251,332€ | 17.8% | 20 | 1,047€ |
| 140 | CG Capital03690270 · Podgorica | 0.1% | 1,413,166€ | +1,470.2% | 1,091,688€ | 77.3% | 1 | 1,763€ |
| 141 | Baumont Tim03233073 · Podgorica | 0.1% | 1,398,988€ | +35,228.0% | 41,664€ | 3.0% | 1 | 1,390€ |
| 142 | Ciling02790602 · Ulcinj | 0.1% | 1,392,866€ | +161.5% | 105,486€ | 7.6% | 17 | 680€ |
| 143 | Bomakos03162818 · Podgorica | 0.1% | 1,366,923€ | +3.1% | 41,799€ | 3.1% | 11 | 999€ |
| 144 | Tron Company02727820 · Budva | 0.1% | 1,350,844€ | -32.1% | 4,586€ | 0.3% | 12 | 921€ |
| 145 | Arch & Construction03007022 · Ulcinj | 0.1% | 1,304,225€ | +36.5% | 58,441€ | 4.5% | 9 | 769€ |
| 146 | Mega Construction Company03247473 · Podgorica | 0.1% | 1,299,252€ | -9.0% | 41,884€ | 3.2% | 5 | 9,125€ |
| 147 | Adriatic Star Development03194035 · Tivat | 0.1% | 1,298,209€ | +121.3% | 34,600€ | 2.7% | 2 | 1,644€ |
| 148 | Fullkon Group03257991 · Budva | 0.1% | 1,293,421€ | +1,595.1% | 368,489€ | 28.5% | 1 | 2,278€ |
| 149 | Nakban-F03278077 · Ulcinj | 0.1% | 1,290,874€ | -13.0% | 170,614€ | 13.2% | 1 | 922€ |
| 150 | Spectrum Group03116662 · Zeta | 0.1% | 1,283,165€ | -28.4% | 75,896€ | 5.9% | 7 | 1,010€ |