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 151–200 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*
0.1% |
| 1,263,809€ |
| +142.2% |
| 1,698€ |
| 0.1% |
| 10 |
| 1,702€ |
| 153 | Euro Mne Izgradnja03211193 · Podgorica | 0.1% | 1,241,831€ | -5.9% | 163,904€ | 13.2% | 21 | 1,934€ |
| 154 | Radanović Invest Group02440733 · Herceg Novi | 0.1% | 1,233,712€ | -4.3% | 188,032€ | 15.2% | 15 | 482€ |
| 155 | Lisina02178109 · Nikšić | 0.1% | 1,231,403€ | +45.4% | 14,210€ | 1.2% | 16 | 1,040€ |
| 156 | Investicije i Izgradnja CG03116131 · Nikšić | 0.1% | 1,225,580€ | -48.5% | 63,437€ | 5.2% | 2 | 675€ |
| 157 | La Bottega02650762 · Bar | 0.1% | 1,201,603€ | +64.2% | 1,752€ | 0.1% | 14 | 727€ |
| 158 | Unipred02057441 · Bijelo Polje | 0.1% | 1,183,069€ | +21.4% | 60,620€ | 5.1% | 29 | 1,706€ |
| 159 | R D Z02902672 · Budva | 0.1% | 1,175,019€ | +25.6% | 152,449€ | 13.0% | 14 | 717€ |
| 160 | Sim Group03038505 · Podgorica | <0.1% | 1,162,887€ | -6.2% | 193,449€ | 16.6% | 5 | 317€ |
| 161 | Kroling02251841 · Danilovgrad | <0.1% | 1,140,868€ | -75.7% | 152,066€ | 13.3% | 5 | 2,435€ |
| 162 | Avangard Logistic03081184 · Podgorica | <0.1% | 1,135,985€ | +29.5% | 484,415€ | 42.6% | 1 | 1,186€ |
| 163 | Prime Group03330010 · Podgorica | <0.1% | 1,124,117€ | +129.8% | 66,378€ | 5.9% | 1 | 462€ |
| 164 | Stabilis Investment03107191 · Budva | <0.1% | 1,122,645€ | -85.4% | 69,433€ | 6.2% | 1 | 8,459€ |
| 165 | Za Proizvodnju i Usluge Zadužbina03372251 · Herceg Novi | <0.1% | 1,121,955€ | -3.8% | 203,914€ | 18.2% | 44 | 705€ |
| 166 | Concord Invest03314359 · Podgorica | <0.1% | 1,121,099€ | -7.0% | 58,951€ | 5.3% | 2 | 3,066€ |
| 167 | Tara Gradnja03209733 · Budva | <0.1% | 1,099,877€ | -30.9% | 1,281€ | 0.1% | 7 | 1,270€ |
| 168 | Mastering02714574 · Ulcinj | <0.1% | 1,082,869€ | -25.4% | 434,561€ | 40.1% | 7 | 669€ |
| 169 | Sunny Resort03213668 · Budva | <0.1% | 1,047,998€ | -61.5% | 95,912€ | 9.2% | 7 | 711€ |
| 170 | Construction Montenegro02999056 · Podgorica | <0.1% | 1,047,435€ | +192.3% | 22,681€ | 2.2% | 2 | 2,880€ |
| 171 | Deluxe Estate Montenegro03578062 · Budva | <0.1% | 1,046,151€ | +28,984.0% | 101,075€ | 9.7% | 1 | 3,039€ |
| 172 | GP Colosseum03128008 · Cetinje | <0.1% | 1,030,224€ | -46.6% | 145,794€ | 14.2% | 10 | 643€ |
| 173 | Neron03118525 · Podgorica | <0.1% | 1,018,193€ | +721.1% | 382,781€ | 37.6% | 1 | 781€ |
| 174 | TDV Egitim Yatirim A.S. Akova Subesi03542513 · Bijelo Polje | <0.1% | 1,017,623€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 31,814€ | 3.1% | 4 | 2,269€ |
| 175 | Mercur-Evropa02204509 · Budva | <0.1% | 1,016,656€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 224,491€ | 22.1% | 2 | 580€ |
| 176 | Car-Mont02260514 · Budva | <0.1% | 1,003,487€ | +43.1% | 156,712€ | 15.6% | 15 | — |
| 177 | Api Investment03172732 · Podgorica | <0.1% | 1,002,097€ | -40.5% | 300,501€ | 30.0% | 4 | 957€ |
| 178 | Am Construction03243567 · Ulcinj | <0.1% | 977,205€ | +48.0% | 427,272€ | 43.7% | 3 | 880€ |
| 179 | Space Invest03505693 · Bar | <0.1% | 968,610€ | +2,996.6% | 140,130€ | 14.5% | 2 | 1,711€ |
| 180 | Dom Invest Gradnja03371409 · Podgorica | <0.1% | 966,121€ | +53.0% | 166,612€ | 17.2% | 1 | 748€ |
| 181 | Alpha Group Investment and Construction Development03361039 · Tivat | <0.1% | 957,429€ | -42.8% | 82,552€ | 8.6% | 11 | 1,255€ |
| 182 | Synchro PM03375340 · Tivat | <0.1% | 950,008€ | +108,845.9% | -1,366,470€ | -143.8% | 31 | 1,415€ |
| 183 | Deco Group03390616 · Podgorica | <0.1% | 949,661€ | +19.4% | 73,078€ | 7.7% | 1 | 1,796€ |
| 184 | Mrvaljević Co02307235 · Nikšić | <0.1% | 946,763€ | +22.2% | 10,962€ | 1.2% | 10 | 1,523€ |
| 185 | Apolos - Ing03152278 · Podgorica | <0.1% | 935,794€ | -5.6% | -74,304€ | -7.9% | 10 | 456€ |
| 186 | Likoteh02745364 · Tivat | <0.1% | 935,354€ | +41.2% | 28,719€ | 3.1% | 8 | 1,001€ |
| 187 | Com Perfekt02464268 · Podgorica | <0.1% | 929,833€ | +50.1% | 24,849€ | 2.7% | 9 | 857€ |
| 188 | Min-Trade Mne03726282 · Podgorica | <0.1% | 921,474€ | No filing for 2024. | 148,743€ | 16.1% | 2 | 1,714€ |
| 189 | Alba Group03662322 · Ulcinj | <0.1% | 905,711€ | +282.7% | 105,567€ | 11.7% | 19 | 614€ |
| 190 | E3 Group03424448 · Herceg Novi | <0.1% | 904,203€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -38,690€ | -4.3% | 3 | 800€ |
| 191 | Zevs Gradnja03365921 · Budva | <0.1% | 894,725€ | +385.6% | 166,019€ | 18.6% | 10 | 1,276€ |
| 192 | Kom-Ing03487776 · Andrijevica | <0.1% | 889,040€ | +78.3% | 81,950€ | 9.2% | 5 | 670€ |
| 193 | Olimpija Gradnja03601765 · Podgorica | <0.1% | 875,915€ | +174.3% | 277,044€ | 31.6% | 1 | 509€ |
| 194 | Asesa03298981 · Podgorica | <0.1% | 867,255€ | +24.1% | 4,263€ | 0.5% | 20 | 802€ |
| 195 | Ak-Invest03410692 · Rožaje | <0.1% | 857,924€ | +30.1% | 242,534€ | 28.3% | 1 | 1,358€ |
| 196 | Mantis03036464 · Herceg Novi | <0.1% | 856,358€ | -17.1% | 110,867€ | 12.9% | 18 | 1,463€ |
| 197 | Aicc Construction03184943 · Podgorica | <0.1% | 846,486€ | +261.1% | 168,943€ | 20.0% | 1 | 678€ |
| 198 | Mont Projects Group03271455 · Bar | <0.1% | 842,570€ | +2,566.3% | 51,945€ | 6.2% | 1 | 1,207€ |
| 199 | Role Inženjering02437783 · Herceg Novi | <0.1% | 841,970€ | -7.3% | 36,890€ | 4.4% | 10 | 1,081€ |
| 200 | Release Property Management03257711 · Tivat | <0.1% | 836,204€ | +9,402.3% | 43,716€ | 5.2% | 1 | 1,901€ |