Revenue
92.80m€3.8× since 2015
4.5% of sector revenue
Largest employers
Employees and payroll cost per employee per month*
- 1511,726€
- 991,694€
- 93995€
- 35858€
- 281,427€
258 companies earned 92.80m€ in 2025, 4.5% of Construction sector revenue. Revenue has grown 3.8× since 2015.
4.5% of sector revenue
124 with at most one employee
Largest employer: Ening (151)
Median company 3.1% · 55% 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 258
* 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 →
Totals include 3 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 | 24,196,262€ | 80 |
| 2016 | 29,191,157€ | 82 |
| 2017 | 37,453,885€ | 92 |
| 2018 | 45,604,902€ | 104 |
| 2019 | 54,398,724€ | 117 |
| 2020 | 45,252,871€ | 136 |
| 2021 | 42,931,934€ | 145 |
| 2022 | 55,537,800€ | 155 |
| 2023 | 70,477,350€ | 195 |
| 2024 | 76,461,648€ | 223 |
| 2025 (Preliminary) | 92,803,124€ | 258 |
The number of companies jumped most in 2023: from 155 to 195.
Employees and payroll cost per employee per month*
0.2% |
| 178,661€ |
| +63.4% |
| -19,177€ |
| -10.7% |
| 2 |
| 707€ |
| 53 | Azzala03151182 · Podgorica | 0.2% | 178,569€ | -17.2% | 1,344€ | 0.8% | 4 | 1,229€ |
| 54 | Klime Paljušević03745210 · Podgorica | 0.2% | 176,585€ | No filing for 2024. | 12,894€ | 7.3% | 1 | — |
| 55 | Sistem Inženjering03656454 · Podgorica | 0.2% | 176,522€ | +3.2% | 4,003€ | 2.3% | 1 | 917€ |
| 56 | Vito Term03562697 · Podgorica | 0.2% | 171,741€ | -13.2% | 1,362€ | 0.8% | 1 | 780€ |
| 57 | Thermo Mont03349411 · Bijelo Polje | 0.2% | 171,144€ | +19.0% | 3,422€ | 2.0% | 7 | 691€ |
| 58 | Hidrocom02882876 · Podgorica | 0.2% | 156,335€ | +90.7% | 3,667€ | 2.3% | 3 | 745€ |
| 59 | Sobstvena Energija03440443 · Bar | 0.2% | 148,429€ | +1,712.3% | 30,463€ | 20.5% | 1 | 679€ |
| 60 | Savović02731606 · Podgorica | 0.2% | 146,599€ | +7.9% | 7,871€ | 5.4% | 4 | 642€ |
| 61 | Comfort Tech03426432 · Bar | 0.1% | 138,050€ | +113.4% | -18,830€ | -13.6% | 2 | 543€ |
| 62 | Dr.Haus03262383 · Berane | 0.1% | 134,489€ | +8.4% | 15,040€ | 11.2% | 4 | 1,150€ |
| 63 | LMP Konstrukcije02387417 · Tivat | 0.1% | 134,197€ | -10.8% | 3,208€ | 2.4% | 2 | 797€ |
| 64 | Frigo Plus03074811 · Podgorica | 0.1% | 133,561€ | +9.1% | 4,868€ | 3.6% | 3 | 853€ |
| 65 | Montgrej02314827 · Podgorica | 0.1% | 133,242€ | +35.1% | 8,852€ | 6.6% | 4 | 452€ |
| 66 | Heating&Cooling Ib Sistem03740455 · Ulcinj | 0.1% | 132,141€ | No filing for 2024. | 1,407€ | 1.1% | 2 | 579€ |
| 67 | Art Cool02917955 · Kotor | 0.1% | 128,528€ | -32.5% | -1,292€ | -1.0% | 2 | 677€ |
| 68 | Green Air03327345 · Budva | 0.1% | 126,716€ | -54.4% | 1,254€ | 1.0% | 2 | 942€ |
| 69 | Kovcheg02975254 · Bar | 0.1% | 125,698€ | +235.2% | -10,472€ | -8.3% | 1 | — |
| 70 | Termo Elektro Čarapić03559700 · Podgorica | 0.1% | 125,623€ | +36.3% | 14,547€ | 11.6% | 2 | 916€ |
| 71 | Termo Klima Bar03126927 · Bar | 0.1% | 123,673€ | +16.6% | -5,183€ | -4.2% | 4 | 366€ |
| 72 | Fjondra03132498 · Budva | 0.1% | 121,534€ | -25.9% | -61,589€ | -50.7% | 5 | 734€ |
| 73 | H & C Power03317510 · Nikšić | 0.1% | 120,256€ | -13.2% | -1,635€ | -1.4% | 1 | 1,007€ |
| 74 | LSN-Sistem03670961 · Nikšić | 0.1% | 116,829€ | +111.6% | 892€ | 0.8% | 3 | 1,269€ |
| 75 | Klimacom03623319 · Podgorica | 0.1% | 109,809€ | +18.4% | 20,977€ | 19.1% | 3 | 925€ |
| 76 | Termo Planet Tech03580849 · Podgorica | 0.1% | 106,865€ | -10.6% | 14,230€ | 13.3% | 2 | 595€ |
| 77 | Aqua Ćiro03721183 · Nikšić | 0.1% | 103,922€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,336€ | 7.1% | 2 | 910€ |
| 78 | Frigo Brkan03670562 · Tivat | 0.1% | 99,351€ | +354.5% | 2,273€ | 2.3% | 2 | 801€ |
| 79 | Špina Kotor03035450 · Kotor | 0.1% | 99,232€ | +83.4% | 14,917€ | 15.0% | 3 | 656€ |
| 80 | T & T Inženjering03278956 · Podgorica | 0.1% | 94,228€ | +97.7% | 16,883€ | 17.9% | 1 | 2,917€ |
| 81 | Tat Engineering03316602 · Danilovgrad | 0.1% | 93,849€ | -2.8% | 4,030€ | 4.3% | 2 | — |
| 82 | Termoline03098354 · Podgorica | <0.1% | 89,426€ | +139.2% | 25,658€ | 28.7% | 1 | — |
| 83 | Pure Satisfaction03713024 · Herceg Novi | <0.1% | 89,262€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,564€ | 25.3% | 2 | 597€ |
| 84 | Hidroplan03724832 · Podgorica | <0.1% | 87,700€ | No filing for 2024. | 4,801€ | 5.5% | 2 | 1,208€ |
| 85 | Termo Lux Vukotić03743691 · Podgorica | <0.1% | 86,974€ | No filing for 2024. | 16,497€ | 19.0% | 2 | 842€ |
| 86 | Topi Company02348420 · Herceg Novi | <0.1% | 85,564€ | -14.6% | 1,166€ | 1.4% | 3 | 821€ |
| 87 | Smart Heating System03585859 · Ulcinj | <0.1% | 85,535€ | +179.9% | 8,574€ | 10.0% | 1 | 678€ |
| 88 | MS Hydro03253848 · Nikšić | <0.1% | 83,375€ | +19.9% | 4,791€ | 5.7% | 1 | 4,301€ |
| 89 | Termoing03671569 · Podgorica | <0.1% | 81,505€ | +444.7% | 13,848€ | 17.0% | 2 | 1,254€ |
| 90 | T&S Gradnja03339092 · Podgorica | <0.1% | 80,413€ | -11.3% | -7,609€ | -9.5% | 1 | 1,054€ |
| 91 | VV Hidro03567079 · Podgorica | <0.1% | 80,337€ | +16.9% | 34€ | 0.0% | 3 | 1,087€ |
| 92 | N Frigo i Elektro03515818 · Andrijevica | <0.1% | 79,628€ | +31.1% | -713€ | -0.9% | 1 | 3,368€ |
| 93 | Mil- Invest02954354 · Nikšić | <0.1% | 79,000€ | +2,533.3% | 58,844€ | 74.5% | 1 | 678€ |
| 94 | H2o Unical Lalajoni03772578 · Herceg Novi | <0.1% | 78,877€ | No filing for 2024. | -7,235€ | -9.2% | 2 | — |
| 95 | VT Company02877651 · Podgorica | <0.1% | 76,684€ | -32.5% | 2,136€ | 2.8% | 1 | 964€ |
| 96 | Energy Solution03125831 · Podgorica | <0.1% | 74,009€ | -39.7% | -800€ | -1.1% | 1 | 408€ |
| 97 | Voda Majstori03526372 · Danilovgrad | <0.1% | 68,661€ | +735.3% | 10,772€ | 15.7% | 2 | 1,005€ |
| 98 | Bobija03300234 · Podgorica | <0.1% | 67,566€ | +9.6% | 351€ | 0.5% | 1 | 678€ |
| 99 | Proper Montenegro02713489 · Podgorica | <0.1% | 65,418€ | -15.2% | -1,444€ | -2.2% | 1 | 929€ |
| 100 | MS Termo Vent02444313 · Ulcinj | <0.1% | 63,913€ | -34.0% | 1,992€ | 3.1% | 3 | 699€ |