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 151–200 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% |
| 27,626€ |
| -16.0% |
| -11,044€ |
| -40.0% |
| 1 |
| 678€ |
| 153 | Vodomont Podgorica03755339 · Podgorica | <0.1% | 27,288€ | No filing for 2024. | 2,231€ | 8.2% | 3 | 373€ |
| 154 | Kaid03305449 · Ulcinj | <0.1% | 27,000€ | +2.5% | -20,073€ | -74.3% | 6 | 644€ |
| 155 | VDS Voda03389707 · Podgorica | <0.1% | 25,032€ | -58.3% | -6,296€ | -25.2% | 2 | 1,079€ |
| 156 | Novimek Group03340180 · Budva | <0.1% | 24,845€ | -77.4% | -3,069€ | -12.4% | 1 | 677€ |
| 157 | CG Mep03725618 · Danilovgrad | <0.1% | 24,287€ | No filing for 2024. | 3,543€ | 14.6% | 2 | — |
| 158 | Bojic Mont03351114 · Budva | <0.1% | 23,939€ | -18.3% | 402€ | 1.7% | 2 | — |
| 159 | Ris Komerc02774801 · Nikšić | <0.1% | 21,690€ | -13.1% | 2,417€ | 11.1% | 1 | 677€ |
| 160 | Frigomania03350835 · Podgorica | <0.1% | 19,701€ | +28.8% | -8,150€ | -41.4% | 2 | 714€ |
| 161 | Del Mont03077055 · Podgorica | <0.1% | 19,279€ | -13.3% | -513€ | -2.7% | 1 | 678€ |
| 162 | Aqua Sistem02815303 · Cetinje | <0.1% | 18,875€ | -36.5% | 92€ | 0.5% | 2 | 677€ |
| 163 | Aqua DHD03743985 · Rožaje | <0.1% | 18,530€ | No filing for 2024. | -2,062€ | -11.1% | 1 | 1,711€ |
| 164 | B.I. Aqua02666090 · Budva | <0.1% | 18,350€ | +10.6% | -1,052€ | -5.7% | 2 | 677€ |
| 165 | Protok03329739 · Podgorica | <0.1% | 16,850€ | -14.3% | -2,780€ | -16.5% | 2 | 780€ |
| 166 | Vodopad03541061 · Budva | <0.1% | 16,711€ | +77.1% | -587€ | -3.5% | 1 | 793€ |
| 167 | Qi Zai03763366 · Cetinje | <0.1% | 14,797€ | No filing for 2024. | 1,860€ | 12.6% | 1 | — |
| 168 | Vu Max03385230 · Podgorica | <0.1% | 14,200€ | -32.2% | -8,128€ | -57.2% | 1 | 1,015€ |
| 169 | VP Construction03696073 · Danilovgrad | <0.1% | 14,073€ | +28,046.0% | -1,439€ | -10.2% | 1 | — |
| 170 | Monting Aqua02705311 · Budva | <0.1% | 12,719€ | -55.1% | -9,757€ | -76.7% | 2 | 675€ |
| 171 | MS Company Montenegro03791050 · Herceg Novi | <0.1% | 11,848€ | No filing for 2024. | 633€ | 5.3% | 1 | 705€ |
| 172 | Hidro MB03700429 · Podgorica | <0.1% | 11,732€ | +67.9% | -4,336€ | -37.0% | 1 | 337€ |
| 173 | Swiss Solar Balkans03642941 · Kotor | <0.1% | 11,717€ | -27.6% | -15,641€ | -133.5% | 2 | 494€ |
| 174 | KGH Zoronjić03637115 · Bijelo Polje | <0.1% | 11,520€ | +59.8% | 2,161€ | 18.8% | 1 | 675€ |
| 175 | Dian Group03542262 · Budva | <0.1% | 11,195€ | +7,363.3% | -10,314€ | -92.1% | 2 | 526€ |
| 176 | Engineering - Team03754090 · Rožaje | <0.1% | 10,758€ | No filing for 2024. | -1,788€ | -16.6% | 1 | 696€ |
| 177 | Tri G Best02955318 · Bar | <0.1% | 9,960€ | +61.4% | 1,702€ | 17.1% | 1 | 683€ |
| 178 | Hvac Airpro System03561291 · Budva | <0.1% | 9,705€ | -46.0% | -7,510€ | -77.4% | 2 | 677€ |
| 179 | Vodovod Popović02775441 · Podgorica | <0.1% | 9,250€ | +58.9% | 664€ | 7.2% | 1 | — |
| 180 | Termo-Frost03527565 · Nikšić | <0.1% | 9,205€ | -55.0% | -2,226€ | -24.2% | 1 | 675€ |
| 181 | Technomix03461106 · Bar | <0.1% | 9,002€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -478€ | -5.3% | 1 | 670€ |
| 182 | Antonio Group03542238 · Budva | <0.1% | 8,820€ | +5,780.0% | -9,360€ | -106.1% | 1 | 916€ |
| 183 | RS Hidro03800261 · Podgorica | <0.1% | 8,764€ | No filing for 2024. | 6,506€ | 74.2% | 1 | — |
| 184 | Akvakom Mont03312429 · Herceg Novi | <0.1% | 8,600€ | +85.0% | -13,930€ | -162.0% | 1 | 678€ |
| 185 | Protherm03737365 · Rožaje | <0.1% | 8,500€ | No filing for 2024. | 317€ | 3.7% | 0 | — |
| 186 | Vulaj-Vodoinstalater03413098 · Tuzi | <0.1% | 8,380€ | -43.7% | -2,341€ | -27.9% | 1 | 678€ |
| 187 | Conkura03648893 · Podgorica | <0.1% | 8,315€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -929€ | -11.2% | 1 | 670€ |
| 188 | Aqua Mont CG03799719 · Podgorica | <0.1% | 8,264€ | No filing for 2024. | 2,046€ | 24.8% | 0 | — |
| 189 | Bee Company03656691 · Podgorica | <0.1% | 8,245€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,137€ | -232.1% | 3 | 717€ |
| 190 | Power Max03804194 · Bijelo Polje | <0.1% | 8,000€ | No filing for 2024. | 7,203€ | 90.0% | 1 | — |
| 191 | Aqua Master - Leo03073360 · Podgorica | <0.1% | 7,408€ | -3.6% | -1,898€ | -25.6% | 1 | — |
| 192 | Klima Servis Uskok03803341 · Nikšić | <0.1% | 7,050€ | No filing for 2024. | 6,265€ | 88.9% | 1 | — |
| 193 | Hidrolaki03799336 · Podgorica | <0.1% | 6,200€ | No filing for 2024. | 496€ | 8.0% | 1 | 452€ |
| 194 | Monte Frigo03751287 · Podgorica | <0.1% | 5,666€ | No filing for 2024. | 604€ | 10.7% | 0 | — |
| 195 | Galiley Mne03505898 · Tivat | <0.1% | 5,010€ | +25.6% | -5,181€ | -103.4% | 1 | 675€ |
| 196 | Pipesistem03060675 · Danilovgrad | <0.1% | 3,734€ | -85.1% | -7,531€ | -201.7% | 1 | 923€ |
| 197 | Termo-Pro03579611 · Podgorica | <0.1% | 2,964€ | -74.6% | -7,394€ | -249.5% | 1 | 675€ |
| 198 | Nova Logistic03746658 · Herceg Novi | <0.1% | 2,930€ | No filing for 2024. | 610€ | 20.8% | 1 | — |
| 199 | Inventor02876191 · Herceg Novi | <0.1% | 2,695€ | +77.3% | -6,398€ | -237.4% | 1 | 678€ |
| 200 | Baytech Design & Build03675467 · Budva | <0.1% | 2,649€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,773€ | -368.9% | 1 | 924€ |