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 101–150 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*
<0.1% |
| 61,357€ |
| +206.1% |
| 2,311€ |
| 3.8% |
| 3 |
| 592€ |
| 103 | B Termo03627918 · Nikšić | <0.1% | 60,251€ | +107.3% | 2,234€ | 3.7% | 3 | 959€ |
| 104 | Novaterm03022773 · Podgorica | <0.1% | 59,642€ | -34.7% | 2,546€ | 4.3% | 4 | 876€ |
| 105 | Prosperity GM03588246 · Podgorica | <0.1% | 59,554€ | -0.5% | 8,760€ | 14.7% | 2 | 1,252€ |
| 106 | Eko Mont03663892 · Podgorica | <0.1% | 58,491€ | -74.8% | -86,621€ | -148.1% | 4 | 828€ |
| 107 | Royal Energy03707920 · Kotor | <0.1% | 57,510€ | +749.5% | -7,082€ | -12.3% | 2 | 387€ |
| 108 | Property Management and Construction Montenegro03633071 · Podgorica | <0.1% | 55,544€ | +295.2% | 11,256€ | 20.3% | 2 | 318€ |
| 109 | Termomont Mne03030164 · Kotor | <0.1% | 54,846€ | -59.7% | 1,327€ | 2.4% | 2 | 678€ |
| 110 | Effective Management03635007 · Herceg Novi | <0.1% | 54,722€ | -75.6% | -26,794€ | -49.0% | 1 | 678€ |
| 111 | Imp-Aris02069652 · Podgorica | <0.1% | 53,115€ | -17.5% | 986€ | 1.9% | 1 | 921€ |
| 112 | Alfa Sistem03068820 · Podgorica | <0.1% | 52,922€ | +4.8% | 87€ | 0.2% | 2 | 537€ |
| 113 | Greenmile03220052 · Podgorica | <0.1% | 52,851€ | +84.7% | 4,167€ | 7.9% | 1 | 794€ |
| 114 | Cool Clinic03650189 · Zeta | <0.1% | 51,431€ | +5.8% | 1,667€ | 3.2% | 1 | 1,242€ |
| 115 | Ttu Pajković03696995 · Budva | <0.1% | 51,212€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 477€ | 0.9% | 2 | 550€ |
| 116 | Pro Rez03674665 · Bar | <0.1% | 50,824€ | +107.9% | 8,019€ | 15.8% | 2 | 888€ |
| 117 | Hydrosanik03802469 · Nikšić | <0.1% | 49,647€ | No filing for 2024. | 5,711€ | 11.5% | 1 | — |
| 118 | Santehnik03739350 · Tivat | <0.1% | 49,177€ | No filing for 2024. | 21,404€ | 43.5% | 3 | 557€ |
| 119 | Vukadinović Gradnja02857464 · Budva | <0.1% | 48,407€ | +7,547.2% | 20,143€ | 41.6% | 4 | 537€ |
| 120 | Thermo Komfort02904101 · Bar | <0.1% | 48,103€ | -25.9% | 17,208€ | 35.8% | 1 | 678€ |
| 121 | As-Vent03570380 · Podgorica | <0.1% | 46,529€ | +7.4% | 15,745€ | 33.8% | 1 | 1,258€ |
| 122 | MSM Termo03752267 · Podgorica | <0.1% | 45,984€ | No filing for 2024. | 3,395€ | 7.4% | 0 | — |
| 123 | Hydro Tafa03699285 · Ulcinj | <0.1% | 45,942€ | +474.3% | 5,305€ | 11.5% | 3 | 713€ |
| 124 | Radman Group03228444 · Podgorica | <0.1% | 45,412€ | +6.8% | -26,313€ | -57.9% | 3 | 775€ |
| 125 | Trebinjac02182483 · Budva | <0.1% | 45,355€ | -3.1% | -480€ | -1.1% | 4 | 678€ |
| 126 | Termo Smart03728641 · Podgorica | <0.1% | 43,378€ | No filing for 2024. | 7,240€ | 16.7% | 3 | 635€ |
| 127 | Vodamont Popović03326900 · Tivat | <0.1% | 43,027€ | +82.6% | 9,304€ | 21.6% | 1 | 1,350€ |
| 128 | Grujičić Group03777979 · Bijelo Polje | <0.1% | 42,862€ | No filing for 2024. | 515€ | 1.2% | 1 | 1,388€ |
| 129 | H2o Izol03404714 · Podgorica | <0.1% | 42,861€ | +18.9% | 12,849€ | 30.0% | 1 | 674€ |
| 130 | Sloboda System03771717 · Podgorica | <0.1% | 41,246€ | No filing for 2024. | 4,410€ | 10.7% | 2 | 885€ |
| 131 | Voda Inženjering03735729 · Budva | <0.1% | 40,825€ | No filing for 2024. | 16,489€ | 40.4% | 1 | 1,850€ |
| 132 | Hvac & Mep Systems03662918 · Podgorica | <0.1% | 40,216€ | +79.9% | 2,877€ | 7.2% | 2 | — |
| 133 | Aquateam Mne03560058 · Podgorica | <0.1% | 39,659€ | -32.4% | 476€ | 1.2% | 2 | 627€ |
| 134 | Aqua Line03095029 · Tivat | <0.1% | 37,980€ | -73.7% | 11,274€ | 29.7% | 1 | 707€ |
| 135 | Prof-Sistem03590925 · Pljevlja | <0.1% | 37,850€ | +40.5% | -6,727€ | -17.8% | 1 | 1,341€ |
| 136 | Tehno Cool03599272 · Tuzi | <0.1% | 36,605€ | +82.9% | -6,637€ | -18.1% | 2 | 961€ |
| 137 | Profi Team D&D Ivanović03489248 · Podgorica | <0.1% | 36,418€ | -29.7% | 356€ | 1.0% | 2 | 566€ |
| 138 | Florina02855321 · Herceg Novi | <0.1% | 35,669€ | -57.3% | -22,088€ | -61.9% | 3 | 680€ |
| 139 | Vujošević Union Trade02900033 · Tivat | <0.1% | 35,431€ | +426.6% | 14,550€ | 41.1% | 1 | 727€ |
| 140 | Hidro-Varagić03753654 · Podgorica | <0.1% | 35,351€ | No filing for 2024. | 10,828€ | 30.6% | 1 | 490€ |
| 141 | Klimatizuj Me03746291 · Podgorica | <0.1% | 34,548€ | No filing for 2024. | 8,507€ | 24.6% | 1 | 496€ |
| 142 | Montel Klima03772926 · Danilovgrad | <0.1% | 32,893€ | No filing for 2024. | -12,556€ | -38.2% | 2 | 327€ |
| 143 | Eko Klima CG03693163 · Podgorica | <0.1% | 31,504€ | +648.3% | 8,738€ | 27.7% | 1 | 675€ |
| 144 | L.G. Gradnja03507564 · Budva | <0.1% | 30,289€ | -37.5% | -6,989€ | -23.1% | 1 | 679€ |
| 145 | Zentesmep03777154 · Podgorica | <0.1% | 29,998€ | No filing for 2024. | 4,421€ | 14.7% | 3 | 449€ |
| 146 | Aqua_s03420604 · Bijelo Polje | <0.1% | 29,962€ | +0.7% | -32,024€ | -106.9% | 3 | 986€ |
| 147 | Masterkof-Mne03493032 · Budva | <0.1% | 29,500€ | +1,743.8% | 17,873€ | 60.6% | 1 | 670€ |
| 148 | Dropo03174123 · Podgorica | <0.1% | 29,370€ | -1.6% | 2,645€ | 9.0% | 1 | 1,046€ |
| 149 | Termoelektro-Gutić03532500 · Bijelo Polje | <0.1% | 28,894€ | +30.5% | -617€ | -2.1% | 1 | 389€ |
| 150 | Aqua Režim03764818 · Danilovgrad | <0.1% | 28,783€ | No filing for 2024. | 674€ | 2.3% | 2 | 520€ |