Top Hill
Active · Limited liability companyDRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU ZA PROIZVODNJU, PROMET I USLUGE, EXPORT-IMPORT "TOP HILL" - BUDVA
5510 · Hotels and similar accommodationBudvaFounded 2010
Account not blockedNot on tax debtor listsFilings completeNot in bankruptcy or liquidationCourt data not available
Key figures
2025
Total revenue · 2015–2025
1.5m€2025. · −5.9% vs 2024
Click or tap a year to see its figures; drag across the chart to preview. Source: Tax Administration (IRMS) income statements.
Market position
By revenue · 2025Similar-sized peers
- 1Imperiall Carević1.8m€
- 2R-Hotels1.7m€
- 3Petrohotel1.6m€
- 4Top Hill1.5m€
- 5Byblos1.4m€
- 6Shilo M1.3m€
Companies in the same activity or sector with a third to three times this company's revenue. The button next to one adds it to the comparison.
What else we know
Recent activity
All changes for this company →Event · 31 Jan 2026
Account blocked
198.4k€
Event · 31 Mar 2025
Listed as tax debtor
210.7k€ · Black list of 200 tax debtors
Event · 2015
First year in BizStats data
Event · 2015
Peak revenue
2.1m€
Event · 5 May 2010
Registered
Društvo sa ograničenom odgovornošću
Performance
Export CSVTotal revenue (2025)1.53m€-5.9% vs PY
Profit (2025)-89,989€-4,276.9% vs PY
Employees (2025)138.3% vs PY
Avg payroll cost per employee/mo (2025)4,058€-6.9% vs PY
Profit margin (2025)-5.9%Profit / total revenue
2025
- Total Income
- 1,525,819€
- Profit
- -89,989€
- Employees
- 13
- Avg payroll cost per employee/mo*
- 4,058€
- Est. net pay
- 3,083€
- Income/Employee
- 117,371€
2024
- Total Income
- 1,621,598€
- Profit
- -2,056€
- Employees
- 12
- Avg payroll cost per employee/mo*
- 4,357€
- Est. net pay
- 3,137€
- Income/Employee
- 135,133€
2023
- Total Income
- 1,942,525€
- Profit
- 161,962€
- Employees
- 13
- Avg payroll cost per employee/mo*
- 4,321€
- Est. net pay
- 3,058€
- Income/Employee
- 149,425€
* 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 →
Estimated net pay applies the employee deductions in force in the filing year to the avg payroll cost per employee: pension 15% (2022–2023), 13.75% (2024: 15% until September, 10% from October) or 10% (from 2025), unemployment 0.5%, income tax of 9% on the part between 700€ and 1,000€ and 15% above it, and the local surtax of the company's municipality. The base also includes employer contributions and other personnel expenses, so the estimate is an upper bound. It is not shown for years before 2022, when different rules applied.
Against the Hospitality sector · 2025
This companySector medianProfit margin
-5.9%median 0.9%
740% below the median
20152025
Payroll cost per employee/mo
4,058€median 892€
4.5× the median
20152025
Revenue per employee
117,371€median 28,615€
4.1× the median
20152025
Median of 2,874 companies in the sector that filed for 2025.
Position relative to the peer group
Source and methodology: Public financial filings, CRPS, CBCG, and eKatastar where available. Revenue, profit, employees, and payroll costs come from public financial filings; average gross pay and revenue per employee are derived metrics. Rankings are calculated by total revenue for the latest visible year.
Latest filing year: 2025 · Filing listing (IRMS): 19 May 2026
Risk signals
- Risk flag
- No
- Account blocked
- No
- Tax debtor list
- No
- Missing annual statements
- No
- Forced-liquidation risk
- No
Source data as of: CBCG 30 Sept 2026 · Tax Administration 31 Mar 2025 – 30 Sept 2025 · IRMS 19 May 2026
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Accounts and blocks
CBCGThis company's list of open accounts is not available on BizStats at the moment. Check it in the Central Bank's official CRTR registry.
Source: Central Bank of Montenegro, CRTR and monthly blocked-account snapshots.
Check in CRTR registryOfficial CBCG account registry. Enter PIB 02786818 in the search.
Court activity
sudovi.mesudovi.me has not been searched for this company yet (no stored results). No data here does not mean the company has no court cases.
BizStats has court data for 556 companies.Check hearings on sudovi.me
Ownership at a glance
CRPS · 15 Jun 2026- DOMINO INVESTMENT S.A. , REPUBLIKA MARŠALSKA OSTRVA100 %
Owners
Domino Investment S.A. , Republika Maršalska Ostrva100 %
Top Hill13 employees
Holdings
Virtus Mne100 %Ownership structure
CRPSCompany
D.O.O. ZA PROIZVODNJU, PROMET I USLUGE, EXPORT-IMPORT "TOP HILL" - BUDVA
02786818
Company owners
1
Companies owned
1
linked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
Company owners
1
- Relation
- Owner
- Share
- 100%
Company owns
1
DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU ZA PROMET ROBA I USLUGA, EXPORT-IMPORT "VIRTUS MNE" KOTORlinked by name (CRPS does not publish the owning company's PIB; the link uses a registered name that belongs to exactly one company.)
- Relation
- Owner
- Share
- 100%
Source: CRPS persons in company and company shares, fetched 2026-06-15. Direct registry relationships only.
Authorized persons
CRPSPeople and roles in the current CRPS register. Historical financial filings do not establish current authorization.
Loading CRPS register…
Responsible persons · filing history
IRMSPersons listed as “Odgovorno lice” in financial filings, by reporting year. These are historical filing records, not confirmation of current CRPS authorization. The preparer is not shown.
- DRAGAN PANIĆ
Mentioned in reports: 2015–2019, 2025 Reports: 6
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFDRAGAN PANIĆResponsible person · filing year 2025 · Filed 6 Apr 2026
- Source PDFDRAGAN PANIĆResponsible person · filing year 2019 · Filed 16 Apr 2020
- Source PDFDRAGAN PANIĆResponsible person · filing year 2018 · Filed 29 Mar 2019
- Source PDFDRAGAN PANIĆResponsible person · filing year 2017 · Filed 24 Mar 2018
- Source PDFDRAGAN PANIĆResponsible person · filing year 2016 · Filed 12 Apr 2017
- Source PDFDRAGAN PANIĆResponsible person · filing year 2015 · Filed 29 Mar 2016
- Dragan Panic
Mentioned in reports: 2020–2024 Reports: 5
IRMS financial filings: years shown are reporting years, not appointment or authorization periods. Original names and source reports are preserved below.
- Source PDFDragan PanicResponsible person · filing year 2024 · Filed 22 Mar 2025
- Source PDFDragan PanicResponsible person · filing year 2023 · Filed 20 Mar 2024
- Source PDFDragan PanicResponsible person · filing year 2022 · Filed 25 Mar 2023
- Source PDFDragan PanicResponsible person · filing year 2021 · Filed 26 Mar 2022
- Source PDFDragan PanicResponsible person · filing year 2020 · Filed 20 Mar 2021
Real estate and projects by municipality
012–45–1920+registry records
All of Montenegro
1 municipality
- Records
- 1
- Parcels
- 1
- Buildings
- 5
Pick a municipality on the map or in the list. Sources: Real Estate Administration (eKatastar); projects: gov.me, municipalities and the Environmental Protection Agency.
Owned properties
1 records1 parcels5 objects1 cadastral municipalities
KOTOR II
TOP HILL DOO BUDVA
- LN number
- 89
- Subfolio
- N/A
- Parcels
- 1
- Objects
- 5
Rights: Svojina 1/1
Collected: 2026-06-07
Source: eKatastar of Montenegro's Real Estate Administration.
How to check
The Real Estate Administration's eKatastar has no public links to individual title sheets. On ekatastar.me, choose the municipality and the cadastral municipality (KO), then enter the title sheet number (LN). The portal may ask you to sign in.
Linked by:PIB