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 201–250 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% |
| 818,876€ |
| +70.2% |
| 273,139€ |
| 33.4% |
| 6 |
| 840€ |
| 203 | Maya Montenegro03268071 · Podgorica | <0.1% | 816,415€ | -15.3% | 28,305€ | 3.5% | 3 | 1,294€ |
| 204 | Karadag Consulting & Construction03109836 · Podgorica | <0.1% | 805,598€ | +27.9% | -76,476€ | -9.5% | 7 | 1,178€ |
| 205 | Mani Company02702215 · Budva | <0.1% | 798,944€ | +487.8% | 153,844€ | 19.3% | 4 | 566€ |
| 206 | Hasber Construction03305538 · Budva | <0.1% | 792,884€ | -30.7% | -149,813€ | -18.9% | 15 | 3,108€ |
| 207 | Montanja02779838 · Podgorica | <0.1% | 792,728€ | +21.9% | 80,707€ | 10.2% | 9 | 1,057€ |
| 208 | Starčevo Plus03305767 · Podgorica | <0.1% | 792,072€ | +28.9% | 142,324€ | 18.0% | 1 | 3,849€ |
| 209 | Shuli03184790 · Kotor | <0.1% | 791,833€ | +38.1% | 65,656€ | 8.3% | 12 | 830€ |
| 210 | Sferihome03430073 · Cetinje | <0.1% | 781,604€ | +212.5% | 91,906€ | 11.8% | 34 | 563€ |
| 211 | D&A Color03030806 · Podgorica | <0.1% | 777,055€ | +110.3% | 140,095€ | 18.0% | 2 | 3,845€ |
| 212 | Morea Residence03271293 · Ulcinj | <0.1% | 775,021€ | +50.7% | 8,741€ | 1.1% | 1 | 1,433€ |
| 213 | Misla Gradnja03629678 · Podgorica | <0.1% | 774,979€ | +19.9% | -43,463€ | -5.6% | 24 | 2,454€ |
| 214 | Pro MB03686671 · Podgorica | <0.1% | 767,020€ | +160.3% | -82,023€ | -10.7% | 23 | 2,359€ |
| 215 | Enterijer Janković Company03389120 · Tivat | <0.1% | 761,776€ | -70.4% | -838,359€ | -110.1% | 3 | 1,896€ |
| 216 | Konstrukt03585352 · Podgorica | <0.1% | 759,112€ | +560.3% | 9,734€ | 1.3% | 1 | 829€ |
| 217 | Atp Investment03338983 · Budva | <0.1% | 751,072€ | -16.9% | 29,895€ | 4.0% | 15 | 1,482€ |
| 218 | Gradnja02811243 · Bijelo Polje | <0.1% | 746,410€ | -18.4% | 1,611€ | 0.2% | 24 | 757€ |
| 219 | Max Construction03491552 · Ulcinj | <0.1% | 737,286€ | +81.5% | -94,552€ | -12.8% | 20 | 714€ |
| 220 | Investeam03310558 · Podgorica | <0.1% | 733,352€ | +333.5% | 5,309€ | 0.7% | 6 | 2,244€ |
| 221 | Superior Gradnja03395634 · Nikšić | <0.1% | 719,290€ | -65.6% | 29,626€ | 4.1% | 17 | 913€ |
| 222 | Miltom Inženjering03665003 · Podgorica | <0.1% | 717,432€ | +1,691.0% | 40,855€ | 5.7% | 13 | 458€ |
| 223 | Lange Bau03032132 · Podgorica | <0.1% | 714,093€ | +297.7% | 202,525€ | 28.4% | 7 | 1,645€ |
| 224 | Loci Invest03276007 · Podgorica | <0.1% | 702,349€ | +1.2% | -7,603€ | -1.1% | 17 | 670€ |
| 225 | GC Construction03486451 · Podgorica | <0.1% | 683,544€ | -23.0% | 167,625€ | 24.5% | 30 | 539€ |
| 226 | Igalopromet02069962 · Herceg Novi | <0.1% | 683,446€ | -14.6% | 68,413€ | 10.0% | 14 | 637€ |
| 227 | CG Rad02964791 · Podgorica | <0.1% | 672,609€ | -2.8% | 8,759€ | 1.3% | 7 | 1,912€ |
| 228 | Art Construction03223159 · Podgorica | <0.1% | 668,341€ | -1.5% | -81,112€ | -12.1% | 5 | 1,519€ |
| 229 | Megatron02218968 · Herceg Novi | <0.1% | 667,485€ | -62.4% | 42,170€ | 6.3% | 12 | 1,000€ |
| 230 | Ibrahimović03562123 · Bar | <0.1% | 663,878€ | +645.6% | 251,354€ | 37.9% | 3 | 567€ |
| 231 | Podgorica Invest03288633 · Budva | <0.1% | 660,923€ | +23.0% | 14,034€ | 2.1% | 1 | 5,780€ |
| 232 | V Projekt02231395 · Nikšić | <0.1% | 651,781€ | +9.4% | 22,162€ | 3.4% | 11 | 1,054€ |
| 233 | Sun Invest03063461 · Budva | <0.1% | 643,124€ | +206.6% | 76,506€ | 11.9% | 3 | 1,483€ |
| 234 | Erde02412110 · Budva | <0.1% | 637,403€ | -35.1% | -39,388€ | -6.2% | 20 | 656€ |
| 235 | HRF02371898 · Bijelo Polje | <0.1% | 633,128€ | +44.5% | 5,665€ | 0.9% | 20 | 755€ |
| 236 | MG Luxury Management & Propertys03333604 · Podgorica | <0.1% | 630,456€ | -63.3% | 138,165€ | 21.9% | 3 | 1,273€ |
| 237 | Graal02447223 · Podgorica | <0.1% | 629,246€ | -28.3% | 14,648€ | 2.3% | 3 | 723€ |
| 238 | Ogradni Sistemi Miva03525805 · Budva | <0.1% | 626,829€ | +43.5% | 56,812€ | 9.1% | 1 | 10,894€ |
| 239 | Stem Gradnja03071278 · Podgorica | <0.1% | 614,645€ | +362.4% | 134,869€ | 21.9% | 1 | — |
| 240 | Priap LTD03141420 · Budva | <0.1% | 607,280€ | -24.0% | -4,574€ | -0.8% | 2 | 1,064€ |
| 241 | Adria Invest02335425 · Budva | <0.1% | 597,850€ | -47.1% | 17,658€ | 3.0% | 28 | 1,217€ |
| 242 | Yorka Gradnja03638588 · Podgorica | <0.1% | 592,777€ | +217.3% | 20,140€ | 3.4% | 12 | 2,003€ |
| 243 | Pasa Insaat03569420 · Podgorica | <0.1% | 591,853€ | +137.5% | -145,590€ | -24.6% | 22 | 838€ |
| 244 | Art-Grad03119084 · Budva | <0.1% | 585,061€ | -5.1% | 11,659€ | 2.0% | 4 | 1,183€ |
| 245 | Sarž Trade02333791 · Budva | <0.1% | 584,494€ | +227.5% | 106,804€ | 18.3% | 2 | 1,472€ |
| 246 | Viktor - Invest02637898 · Budva | <0.1% | 579,592€ | +539.6% | 216,432€ | 37.3% | 1 | 1,150€ |
| 247 | BWT Invest03408043 · Herceg Novi | <0.1% | 571,216€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 105,451€ | 18.5% | 1 | 675€ |
| 248 | Eurogradnja Mne03598250 · Danilovgrad | <0.1% | 569,469€ | +38.8% | 90,874€ | 16.0% | 10 | 1,324€ |
| 249 | Toškovići02345471 · Podgorica | <0.1% | 567,361€ | +30.0% | 127,901€ | 22.5% | 5 | 1,181€ |
| 250 | Soho Suites03084671 · Bar | <0.1% | 565,957€ | -14.9% | 10,948€ | 1.9% | 8 | 656€ |