Companies with the largest revenue decline in Montenegro 2025. This 2025 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Public financial statements processed by BizStats.me.
| # | Company | Period | Trend | ||||
|---|---|---|---|---|---|---|---|
| 1 | Šajo Construction · Podgorica | -52.9% | 2020–2025 | 10,369,012€ | 239,156€ | -10,129,856€ | |
| 2 | Kodio Technology · Podgorica | -40.1% | 2020–2025 | 8,830,366€ | 679,234€ | -8,151,132€ | |
| 3 | Topla Invest Construction · Herceg Novi | -40.0% | 2020–2025 | 1,738,571€ | 135,569€ | -1,603,002€ | |
| 4 | Guardian World Administrative services · Nikšić | -39.8% | 2020–2025 | 4,112,734€ | 326,230€ | -3,786,504€ | |
| 5 | Franca Marketi Trade · Bijelo Polje | -35.3% | 2020–2025 | 64,799,937€ | 7,372,725€ | -57,427,212€ | |
| 6 | Lovćen-Bečići Hospitality · Cetinje | -33.5% | 2020–2025 | 771,292€ | 100,664€ | -670,628€ | |
| 7 | Kroling Construction · Danilovgrad | -32.2% | 2020–2025 | 7,960,896€ | 1,140,868€ | -6,820,028€ | |
| 8 | Lim Manufacturing · Bijelo Polje | -31.5% | 2020–2025 | 1,755,013€ | 265,258€ | -1,489,755€ | |
| 9 | Cerovo - Invest Transport & logistics · Bar | -31.2% | 2020–2025 | 1,570,290€ | 241,684€ | -1,328,606€ | |
| 10 | Neimar - Inženjering Construction · Podgorica | -29.7% | 2020–2025 | 2,342,827€ | 403,030€ | -1,939,797€ | |
| 11 | Europrojekt Professional services · Podgorica | -28.7% | 2020–2025 | 696,252€ | 128,177€ | -568,075€ | |
| 12 | Shop Commerce International Trade · Kotor | -28.2% | 2020–2025 | 623,339€ | 118,906€ | -504,433€ | |
| 13 | Sedam-Ing Professional services · Podgorica | -27.6% | 2020–2025 | 915,186€ | 182,337€ | -732,849€ | |
| 14 | Professional Construction Construction · Podgorica | -27.2% | 2020–2025 | 4,697,279€ | 961,004€ | -3,736,275€ | |
| 15 | Lumenlux Budva Construction · Budva | -26.9% | 2020–2025 | 742,935€ | 154,826€ | -588,109€ | |
| 16 | Pop Commerce Construction · Podgorica | -26.4% | 2020–2025 | 1,857,113€ | 399,974€ | -1,457,139€ | |
| 17 | Pro Arm Manufacturing · Podgorica | -26.3% | 2020–2025 | 11,129,070€ | 2,417,984€ | -8,711,086€ | |
| 18 | Toškovići Construction · Podgorica | -24.4% | 2020–2025 | 2,299,516€ | 567,361€ | -1,732,155€ | |
| 19 | Mezon Construction · Danilovgrad | -24.2% | 2020–2025 | 14,241,849€ | 3,571,293€ | -10,670,556€ | |
| 20 | Izbor Trade · Bar | -23.8% | 2020–2025 | 913,135€ | 234,241€ | -678,894€ | |
| 21 | Crnogorski Fond za Solidarnu Stambenu Izgradnju Construction · Podgorica | -23.6% | 2020–2025 | 669,211€ | 174,638€ | -494,573€ | |
| 22 | Industriaimport-Industriaimpex Trade · Podgorica | -23.4% | 2020–2025 | 2,609,343€ | 687,090€ | -1,922,253€ | |
| 23 | Montenegro - Petrol Trade · Podgorica | -22.6% | 2020–2025 | 13,944,730€ | 3,877,083€ | -10,067,647€ | |
| 24 | Stango Construction · Budva | -22.2% | 2020–2025 | 1,284,767€ | 366,064€ | -918,703€ | |
| 25 | Studio Synthesis Architecture & Design Professional services · Podgorica | -22.2% | 2020–2025 | 1,680,418€ | 479,151€ | -1,201,267€ | |
| 26 | Unipred Construction · Bijelo Polje | -21.9% | 2020–2025 | 4,060,513€ | 1,183,069€ | -2,877,444€ | |
| 27 | Gradnja Inženjering Professional services · Nikšić | -21.6% | 2020–2025 | 1,434,716€ | 425,809€ | -1,008,907€ | |
| 28 | Manda Transport & logistics · Nikšić | -20.9% | 2020–2025 | 7,896,986€ | 2,449,283€ | -5,447,703€ | |
| 29 | Relja Company Construction · Bar | -20.6% | 2020–2025 | 913,563€ | 289,057€ | -624,506€ | |
| 30 | Top Force System Administrative services · Nikšić | -20.5% | 2020–2025 | 691,643€ | 219,463€ | -472,180€ | |
| 31 | Monthellenic Kyriakos Construction · Podgorica | -20.3% | 2020–2025 | 337,523€ | 108,404€ | -229,119€ | |
| 32 | Urbanizam i Projektovanje Professional services · Bar | -20.2% | 2020–2025 | 705,898€ | 228,015€ | -477,883€ | |
| 33 | Prime Zone Technology · Podgorica | -20.1% | 2020–2025 | 1,240,070€ | 404,113€ | -835,957€ | |
| 34 | Y. C. Jug Manufacturing · Bar | -20.0% | 2020–2025 | 343,280€ | 112,649€ | -230,631€ | |
| 35 | Mastering Construction · Ulcinj | -19.7% | 2020–2025 | 3,251,040€ | 1,082,869€ | -2,168,171€ | |
| 36 | Simes Inženjering Energy, water & waste · Podgorica | -19.3% | 2020–2025 | 7,568,605€ | 2,585,748€ | -4,982,857€ | |
| 37 | V Group Construction · Podgorica | -18.7% | 2020–2025 | 714,806€ | 253,735€ | -461,071€ | |
| 38 | Lutrija Crne Gore Arts & entertainment · Podgorica | -18.5% | 2020–2025 | 880,767€ | 316,153€ | -564,614€ | |
| 39 | Rocc Rand - M & V Construction · Nikšić | -18.4% | 2020–2025 | 949,116€ | 343,095€ | -606,021€ | |
| 40 | Montenegro Defence Industry Trade · Podgorica | -18.1% | 2020–2025 | 3,828,731€ | 1,413,093€ | -2,415,638€ | |
| 41 | Red Commerce Manufacturing · Podgorica | -18.1% | 2020–2025 | 11,999,293€ | 4,429,263€ | -7,570,030€ | |
| 42 | Arhitektonski Atelje Professional services · Podgorica | -18.0% | 2020–2025 | 1,970,110€ | 731,823€ | -1,238,287€ | |
| 43 | Agrocentar Trade · Podgorica | -17.7% | 2020–2025 | 1,228,158€ | 462,354€ | -765,804€ | |
| 44 | Monte Nik Garden Agriculture · Nikšić | -17.7% | 2020–2025 | 380,491€ | 143,972€ | -236,519€ | |
| 45 | Dakar Šped Transport & logistics · Bijelo Polje | -17.4% | 2020–2025 | 515,997€ | 198,519€ | -317,478€ | |
| 46 | Ideja - S Manufacturing · Kolašin | -16.9% | 2020–2025 | 352,181€ | 139,549€ | -212,632€ | |
| 47 | Montleon Professional services · Herceg Novi | -16.7% | 2020–2025 | 462,679€ | 185,553€ | -277,126€ | |
| 48 | Pro - Log CG Administrative services · Podgorica | -16.6% | 2020–2025 | 2,601,282€ | 1,049,163€ | -1,552,119€ | |
| 49 | Simant Trade · Tuzi | -16.6% | 2020–2025 | 1,729,873€ | 699,426€ | -1,030,447€ | |
| 50 | Vatrostalna Construction · Podgorica | -16.5% | 2020–2025 | 384,258€ | 155,600€ | -228,658€ |
Showing 1-50 of 50
Ceased activity: at least 100,000€ revenue and 5 employees in 2020, and revenue below 1,000€ in 2025. Ranked by the absolute revenue decline in euros.
| # | Company | Period | Trend | |||
|---|---|---|---|---|---|---|
| 1 | Soho Gradnja Construction · Bar | -8,515,992€ | 2020–2025 | 8,515,992€ | 0€ | |
| 2 | Novi Duvanski Kombinat Manufacturing · Podgorica | -4,810,183€ | 2020–2025 | 4,810,183€ | 0€ | |
| 3 | Alucon Construction · Podgorica | -4,710,462€ | 2020–2025 | 4,710,462€ | 0€ | |
| 4 | North West Construction Construction · Podgorica | -4,495,965€ | 2020–2025 | 4,495,965€ | 0€ | |
| 5 | Alart Centar-Budva CG Construction · Budva | -2,990,001€ | 2020–2025 | 2,990,001€ | 0€ | |
| 6 | Pomorski Saobraćaj Professional services · Herceg Novi | -2,927,677€ | 2020–2025 | 2,928,260€ | 583€ | |
| 7 | Apex Trading Trade · Podgorica | -2,925,991€ | 2020–2025 | 2,925,991€ | 0€ | |
| 8 | Outsourcing Administrative services · Podgorica | -2,863,623€ | 2020–2025 | 2,863,623€ | 0€ | |
| 9 | Seadria Construction · Podgorica | -2,450,416€ | 2020–2025 | 2,450,416€ | 0€ | |
| 10 | Multimat Arts & entertainment · Podgorica | -2,391,603€ | 2020–2025 | 2,391,604€ | 1€ | |
| 11 | Promet Contract Mne Construction · Herceg Novi | -2,085,014€ | 2020–2025 | 2,085,014€ | 0€ | |
| 12 | Aztek Administrative services · Podgorica | -1,951,733€ | 2020–2025 | 1,951,733€ | 0€ | |
| 13 | Balcke-Durr Energy Solutions S.P.A., Đenova Construction · Podgorica | -1,848,030€ | 2020–2025 | 1,848,030€ | 0€ | |
| 14 | Agent Plus Bar Transport & logistics · Bar | -1,782,097€ | 2020–2025 | 1,782,097€ | 0€ | |
| 15 | Adriatic Capital Advisory Professional services · Podgorica | -1,516,604€ | 2020–2025 | 1,516,604€ | 0€ | |
| 16 | Montalp Mining and Engineering Mining · Nikšić | -1,390,013€ | 2020–2025 | 1,390,241€ | 228€ | |
| 17 | Human Resources Leasing Administrative services · Bijelo Polje | -1,291,858€ | 2020–2025 | 1,291,858€ | 0€ | |
| 18 | Čelebić Recreativo Hospitality · Podgorica | -1,287,648€ | 2020–2025 | 1,287,765€ | 117€ | |
| 19 | Viner Co Construction · Danilovgrad | -1,203,242€ | 2020–2025 | 1,203,242€ | 0€ | |
| 20 | Jelena- Promet Trade · Pljevlja | -1,140,528€ | 2020–2025 | 1,140,528€ | 0€ |
Showing 1-20 of 20
This ranking contains 50 records for 2025, ordered by revenue decline after applying data-quality eligibility rules.
The leading record is "ŠAJO" D.O.O. ZA PROIZVODNJU, PROMET I USLUGE, EXPORT-IMPORT PODGORICA; placement is determined by revenue decline, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology