Revenue
4.5% of sector revenue
123 companies earned 337.17m€ in 2025, 4.5% of Trade sector revenue. Revenue has grown 3.2× since 2015.
4.5% of sector revenue
65 with at most one employee
Largest employer: Kips (449)
Median company 2.2% · 48% 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 123
* 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 →
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 | 105,827,492€ | 85 |
| 2016 | 122,956,101€ | 88 |
| 2017 | 156,380,509€ | 94 |
| 2018 | 185,920,397€ | 106 |
| 2019 | 195,523,893€ | 110 |
| 2020 | 190,647,109€ | 115 |
| 2021 | 185,535,827€ | 119 |
| 2022 | 240,225,246€ | 122 |
| 2023 | 268,065,625€ | 135 |
| 2024 | 278,446,363€ | 130 |
| 2025 (Preliminary) | 337,169,966€ | 123 |
Employees and payroll cost per employee per month*
11.0% |
| 36,996,624€ |
| +8.1% |
| 914,760€ |
| 2.5% |
| 226 |
| 1,336€ |
| 3 | Volvox Materials&Construction03689697 · Podgorica | 9.9% | 33,249,885€ | +431.4% | 1,658,677€ | 5.0% | 66 | 1,828€ |
| 4 | TCK Montenegro02655373 · Podgorica | 7.8% | 26,206,957€ | +6.2% | 633,327€ | 2.4% | 1 | 718€ |
| 5 | Drvomont02367858 · Kotor | 7.4% | 25,094,735€ | +13.0% | 1,404,572€ | 5.6% | 131 | 994€ |
| 6 | Alim Grup03128075 · Bar | 6.2% | 20,765,392€ | +7.6% | 1,000,915€ | 4.8% | 6 | 1,225€ |
| 7 | Entext02086484 · Podgorica | 5.1% | 17,243,889€ | No filing for 2024. | 169,397€ | 1.0% | 106 | 1,359€ |
| 8 | Nivel Stovarište Đurović03103099 · Podgorica | 3.5% | 11,934,979€ | +14.9% | 615,530€ | 5.2% | 27 | 1,148€ |
| 9 | Desetka Berane02636425 · Berane | 3.2% | 10,957,830€ | +21.7% | 1,047,664€ | 9.6% | 85 | 991€ |
| 10 | Vukšić02642042 · Kotor | 2.4% | 7,992,628€ | +10.9% | 686,571€ | 8.6% | 15 | 1,146€ |
| 11 | Bar-Gradnja03022188 · Bar | 2.4% | 7,981,656€ | -1.0% | 107,796€ | 1.4% | 48 | 1,366€ |
| 12 | Nedim Komerc02215209 · Ulcinj | 2.1% | 7,037,245€ | +53.6% | 345,205€ | 4.9% | 12 | 854€ |
| 13 | Dulović02109891 · Mojkovac | 1.7% | 5,775,023€ | +7.8% | 377,813€ | 6.5% | 37 | 1,247€ |
| 14 | Builder Fox03030920 · Podgorica | 1.5% | 5,120,369€ | +61.3% | 555,789€ | 10.9% | 45 | 1,551€ |
| 15 | Slomark03055884 · Nikšić | 0.8% | 2,846,117€ | +3.8% | 242,694€ | 8.5% | 12 | 997€ |
| 16 | Renova02807599 · Bar | 0.8% | 2,824,619€ | +16.9% | 68,043€ | 2.4% | 4 | 2,013€ |
| 17 | Valor03204499 · Podgorica | 0.8% | 2,722,166€ | +15.1% | 43,334€ | 1.6% | 1 | 9,367€ |
| 18 | Aqua Casa03410919 · Kotor | 0.8% | 2,639,363€ | +57.1% | 257,982€ | 9.8% | 15 | 1,300€ |
| 19 | Bauteh Oplate i Skele03152464 · Podgorica | 0.7% | 2,437,268€ | +0.9% | 235,099€ | 9.6% | 2 | 1,053€ |
| 20 | Solaris02120950 · Bijelo Polje | 0.5% | 1,853,997€ | -0.5% | 66,540€ | 3.6% | 16 | 750€ |
| 21 | Bordo02062739 · Podgorica | 0.5% | 1,685,524€ | +7.6% | 36,612€ | 2.2% | 15 | 1,372€ |
| 22 | Termomont PV02907526 · Pljevlja | 0.4% | 1,495,440€ | +54.6% | 211,233€ | 14.1% | 17 | 851€ |
| 23 | Inžinjeringpromet02056844 · Bijelo Polje | 0.4% | 1,452,089€ | +69.2% | 8,017€ | 0.6% | 10 | 935€ |
| 24 | Stelina Monte02668432 · Bar | 0.4% | 1,405,761€ | +29.8% | 59,860€ | 4.3% | 14 | 817€ |
| 25 | Win Gradnja03160939 · Budva | 0.3% | 1,133,204€ | -56.4% | -84,472€ | -7.5% | 9 | 1,493€ |
| 26 | Levita Co02972913 · Plav | 0.3% | 854,867€ | +16.2% | 46,521€ | 5.4% | 2 | 2,996€ |
| 27 | Habikon03303349 · Podgorica | 0.3% | 850,847€ | +47.7% | 9,827€ | 1.2% | 4 | 1,474€ |
| 28 | Kolić Company03206696 · Podgorica | 0.3% | 843,820€ | +34.3% | 37,008€ | 4.4% | 9 | 850€ |
| 29 | Euromont Stil02407825 · Podgorica | 0.2% | 739,018€ | +59.3% | 68,616€ | 9.3% | 3 | 795€ |
| 30 | Porcelana03513157 · Budva | 0.2% | 662,304€ | +13.9% | 89,216€ | 13.5% | 4 | 1,950€ |
| 31 | Standard Comerce03135314 · Podgorica | 0.2% | 640,359€ | -2.0% | 20,468€ | 3.2% | 2 | 1,063€ |
| 32 | Centar Com02315122 · Podgorica | 0.2% | 586,517€ | +14.9% | 53,177€ | 9.1% | 4 | 1,483€ |
| 33 | Knauf02626845 · Podgorica | 0.1% | 486,286€ | -21.0% | -41,340€ | -8.5% | 6 | 3,486€ |
| 34 | Italmonte02939045 · Tuzi | 0.1% | 437,040€ | +51.8% | -3,228€ | -0.7% | 3 | 1,847€ |
| 35 | Grimbuilding03408906 · Nikšić | 0.1% | 425,481€ | -6.7% | 20,544€ | 4.8% | 1 | 940€ |
| 36 | Kalezić Gradnja03232999 · Bar | 0.1% | 414,929€ | -18.5% | 59,414€ | 14.3% | 1 | 1,280€ |
| 37 | Likaprom02130025 · Podgorica | 0.1% | 402,762€ | +47.4% | 2,038€ | 0.5% | 10 | 622€ |
| 38 | Lider-Šped02903393 · Rožaje | 0.1% | 357,597€ | -40.0% | 23,766€ | 6.6% | 2 | 858€ |
| 39 | Donković02325209 · Kotor | <0.1% | 330,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 174,482€ | 52.9% | 2 | 675€ |
| 40 | Masterplast Mont02419114 · Bar | <0.1% | 298,525€ | +6.4% | 12,116€ | 4.1% | 2 | 1,391€ |
| 41 | Sauna Finlandia02994666 · Bar | <0.1% | 297,214€ | +58.5% | 75,622€ | 25.4% | 3 | 1,237€ |
| 42 | Altachiara03217825 · Bar | <0.1% | 267,814€ | -3.1% | 65,379€ | 24.4% | 1 | 6,012€ |
| 43 | Petrix03603431 · Zeta | <0.1% | 224,682€ | -37.5% | 13,049€ | 5.8% | 1 | 801€ |
| 44 | Spanix03031632 · Pljevlja | <0.1% | 213,536€ | +21.7% | 38,616€ | 18.1% | 2 | 810€ |
| 45 | Beohemik Montenegro03105598 · Podgorica | <0.1% | 205,365€ | -7.6% | -15,957€ | -7.8% | 3 | 956€ |
| 46 | MVG Porcelan Promet03067092 · Podgorica | <0.1% | 198,002€ | -2.9% | 19,702€ | 10.0% | 2 | 695€ |
| 47 | Vid02129213 · Berane | <0.1% | 188,820€ | -9.6% | -15,053€ | -8.0% | 4 | 726€ |
| 48 | Košuta Stone03094189 · Podgorica | <0.1% | 174,038€ | +42.9% | 130€ | 0.1% | 2 | 491€ |
| 49 | Art Gradnja PG02770547 · Podgorica | <0.1% | 170,153€ | -54.2% | 8,765€ | 5.2% | 2 | 1,664€ |
| 50 | Eko Montažne Kuće03612007 · Danilovgrad | <0.1% | 169,705€ | +257.1% | -21,005€ | -12.4% | 1 | 683€ |