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 1–50 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*
7.2% |
| 84,638,358€ |
| +388,220.6% |
| 10,960,607€ |
| 12.9% |
| 123 |
| 1,817€ |
| 3 | Eurozox02711028 · Danilovgrad | 4.7% | 55,323,903€ | +40.7% | 1,845,407€ | 3.3% | 121 | 2,181€ |
| 4 | Zetagradnja02278383 · Podgorica | 4.5% | 52,341,807€ | +3.1% | 14,346,082€ | 27.4% | 82 | 1,785€ |
| 5 | Master Inženjering02302586 · Podgorica | 3.1% | 36,043,674€ | No filing for 2024. | 4,365,138€ | 12.1% | 9 | 3,107€ |
| 6 | Stambeno02718553 · Nikšić | 2.9% | 34,110,327€ | +42.9% | 1,221,625€ | 3.6% | 110 | 1,002€ |
| 7 | N.V.Besix S.A. Montenegro02945371 · Tivat | 2.6% | 30,006,788€ | +38.5% | -2,902,179€ | -9.7% | 38 | 3,830€ |
| 8 | Kips Gradnja03306828 · Podgorica | 2.4% | 28,639,760€ | +290.7% | 7,415,621€ | 25.9% | 30 | 1,336€ |
| 9 | Strabag Ag Austria02429381 · Podgorica | 2.1% | 24,933,196€ | -27.6% | 1,739,790€ | 7.0% | 1 | 4,381€ |
| 10 | Ventura Partners03320448 · Podgorica | 1.7% | 20,233,330€ | +465.5% | 3,315,104€ | 16.4% | 28 | 1,374€ |
| 11 | Nivel02081873 · Podgorica | 1.6% | 18,584,815€ | +1,152.9% | 757,708€ | 4.1% | 4 | 1,284€ |
| 12 | Fidija02111616 · Podgorica | 1.3% | 15,184,951€ | -17.1% | 451,179€ | 3.0% | 57 | 1,901€ |
| 13 | Briv Construction02052822 · Kotor | 1.2% | 13,864,577€ | -42.0% | 521,878€ | 3.8% | 102 | 2,215€ |
| 14 | Čelebić02073048 · Podgorica | 1.2% | 13,746,908€ | -22.9% | 370,166€ | 2.7% | 122 | 1,551€ |
| 15 | L D Gradnja02675188 · Nikšić | 1.1% | 13,080,082€ | -6.6% | 772,533€ | 5.9% | 23 | 1,257€ |
| 16 | Juxinyuan Import Export CO.03177840 · Podgorica | 1.0% | 11,554,817€ | +200.7% | 925,715€ | 8.0% | 22 | 938€ |
| 17 | Konstruktor Group03119971 · Bijelo Polje | 1.0% | 11,314,318€ | +75.0% | 1,357,191€ | 12.0% | 40 | 1,979€ |
| 18 | I & S Team03050556 · Tivat | 0.9% | 11,119,270€ | -42.4% | 1,189,192€ | 10.7% | 42 | 1,493€ |
| 19 | Sunraf Plus03276406 · Budva | 0.9% | 10,828,025€ | -9.5% | -571,038€ | -5.3% | 6 | 5,789€ |
| 20 | Alk Gradnja03394662 · Podgorica | 0.9% | 10,024,112€ | +58.5% | 3,656,114€ | 36.5% | 85 | 1,580€ |
| 21 | Piles Construction Company03627195 · Herceg Novi | 0.8% | 9,491,714€ | +160.2% | 1,256,437€ | 13.2% | 112 | 511€ |
| 22 | GP Mićoni02745615 · Zeta | 0.8% | 9,109,183€ | +174.7% | 1,593,161€ | 17.5% | 3 | 5,132€ |
| 23 | Kolubara Crna Gora03643212 · Berane | 0.8% | 8,828,115€ | +141.6% | 70,952€ | 0.8% | 2 | 2,022€ |
| 24 | RTM Group03243907 · Bar | 0.7% | 8,675,654€ | +24.7% | 1,182,234€ | 13.6% | 6 | 913€ |
| 25 | LD Group02386992 · Nikšić | 0.7% | 8,604,316€ | +118.5% | 280,133€ | 3.3% | 13 | 1,541€ |
| 26 | North Star Mne03227553 · Herceg Novi | 0.7% | 8,435,345€ | +167.9% | 581,756€ | 6.9% | 104 | 2,828€ |
| 27 | Admiral Holding02801094 · Podgorica | 0.6% | 7,548,658€ | +718.6% | 1,982,908€ | 26.3% | 17 | 1,773€ |
| 28 | Axis Construction03411770 · Bar | 0.6% | 7,244,818€ | +362,240,800.0% | 1,934,090€ | 26.7% | 1 | 1,317€ |
| 29 | B.L. Harbert International L.L.C03314596 · Podgorica | 0.6% | 7,184,011€ | -1.6% | 306,913€ | 4.3% | 123 | 2,700€ |
| 30 | BB Invest Group03403670 · Podgorica | 0.6% | 7,030,669€ | +1,830,803.4% | 204,148€ | 2.9% | 62 | 1,265€ |
| 31 | Alk Montenegro03347133 · Podgorica | 0.6% | 6,922,608€ | +1,767.2% | 1,712,654€ | 24.7% | 11 | 1,467€ |
| 32 | Anita02428881 · Budva | 0.5% | 6,144,817€ | -8.8% | 1,300,376€ | 21.2% | 42 | 1,403€ |
| 33 | Fidija-Invest02804760 · Podgorica | 0.5% | 5,401,007€ | +385.8% | -133,392€ | -2.5% | 14 | 1,303€ |
| 34 | Hidro - Kop02694778 · Andrijevica | 0.5% | 5,337,077€ | +155.3% | 168,881€ | 3.2% | 85 | 706€ |
| 35 | Gradnja-Promet02055635 · Danilovgrad | 0.4% | 5,189,967€ | +6.9% | 186,472€ | 3.6% | 48 | 1,373€ |
| 36 | Inženjer Gogić03095037 · Podgorica | 0.4% | 5,156,324€ | +36.5% | 109,318€ | 2.1% | 54 | 1,390€ |
| 37 | Velimirović Invest02844605 · Podgorica | 0.4% | 5,014,664€ | +774.3% | 748,278€ | 14.9% | 5 | 5,793€ |
| 38 | A3 Team02995069 · Bar | 0.4% | 4,897,741€ | -5.7% | 465,271€ | 9.5% | 25 | 1,125€ |
| 39 | Montena03281507 · Podgorica | 0.4% | 4,876,893€ | +2,748.0% | 331,186€ | 6.8% | 5 | 2,379€ |
| 40 | Donita Mne03455068 · Ulcinj | 0.4% | 4,871,423€ | +60.7% | 376,057€ | 7.7% | 16 | 703€ |
| 41 | Sport Billy02358395 · Ulcinj | 0.4% | 4,607,069€ | -11.4% | 666,772€ | 14.5% | 49 | 554€ |
| 42 | Art Gradnja Bar02812398 · Bar | 0.4% | 4,552,618€ | +49.2% | 830,425€ | 18.2% | 13 | 12,409€ |
| 43 | Doto Mne03633551 · Budva | 0.4% | 4,453,159€ | +209.4% | -147,473€ | -3.3% | 3 | 1,656€ |
| 44 | Rockler Inženjering02373564 · Budva | 0.4% | 4,444,537€ | -2.6% | 303,780€ | 6.8% | 32 | 1,576€ |
| 45 | Rašketić02761190 · Bar | 0.4% | 4,240,605€ | -24.5% | 176,082€ | 4.2% | 37 | 627€ |
| 46 | Hba Gradnja03402835 · Podgorica | 0.4% | 4,198,048€ | +36.1% | 340,803€ | 8.1% | 4 | 824€ |
| 47 | Bast02215586 · Nikšić | 0.4% | 4,197,311€ | +1,327.1% | 2,909,455€ | 69.3% | 5 | 975€ |
| 48 | S.A.R.D. Inženjering03218783 · Budva | 0.4% | 4,132,655€ | -12.1% | 19,911€ | 0.5% | 67 | 1,510€ |
| 49 | Adam Holding03353265 · Podgorica | 0.3% | 4,023,981€ | +1,218.6% | 70,656€ | 1.8% | 4 | 959€ |
| 50 | Home Invest03241904 · Danilovgrad | 0.3% | 4,000,575€ | +111.1% | 1,605,906€ | 40.1% | 1 | 1,856€ |