Revenue
0.7% of sector revenue
131 companies earned 8.87m€ in 2025, 0.7% of Hospitality sector revenue. Revenue has grown 2.5× since 2015.
0.7% of sector revenue
92 with at most one employee
Largest employer: Beograd (31)
Median company 3.9% · 32% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Ranked by total revenue · Showing 101–131 of 131
* 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 8 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 | 3,574,016€ | 50 |
| 2016 | 4,353,170€ | 52 |
| 2017 | 4,355,155€ | 56 |
| 2018 | 4,240,876€ | 58 |
| 2019 | 4,841,623€ | 63 |
| 2020 | 2,005,547€ | 68 |
| 2021 | 4,648,866€ | 78 |
| 2022 | 5,587,851€ | 104 |
| 2023 | 6,685,748€ | 127 |
| 2024 | 8,369,684€ | 129 |
| 2025 (Preliminary) | 8,872,195€ | 131 |
The number of companies jumped most in 2022: from 78 to 104.
0.0% |
| 0€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -8,494€ |
| — |
| 1 |
| 675€ |
| 103 | Vaš Dom02466040 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 104 | Nestwell03791041 · Bar | 0.0% | 0€ | No filing for 2024. | -417€ | — | 1 | — |
| 105 | Masha02462842 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,991€ | — | 1 | 339€ |
| 106 | Ruža Co03330885 · Tivat | 0.0% | 0€ | -100.0% | -24,892€ | — | 2 | 678€ |
| 107 | Imperatorska Kancelarija02977320 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,930€ | — | 1 | 675€ |
| 108 | Blackpearl Properties03275531 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,516€ | — | 1 | — |
| 109 | Whitepearl Properties03272087 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,825€ | — | 2 | 473€ |
| 110 | Buntashoff03528910 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,346€ | — | 1 | 929€ |
| 111 | Harmonia Colours03252477 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,792€ | — | 1 | 723€ |
| 112 | Hi Monte03738353 · Bar | 0.0% | 0€ | No filing for 2024. | -1,500€ | — | 1 | — |
| 113 | Kalipso - Art03407799 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,233€ | — | 1 | 678€ |
| 114 | Katoma02649730 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 115 | Kusov03724506 · Bar | 0.0% | 0€ | No filing for 2024. | -8,011€ | — | 1 | 665€ |
| 116 | Lionheart Global Holding03425428 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,696€ | — | 1 | 678€ |
| 117 | Lizayuna02667169 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,564€ | — | — | — |
| 118 | Maya Genetics03585565 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,264€ | — | 1 | 922€ |
| 119 | Mizrakhi02710200 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,100€ | — | 1 | 677€ |
| 120 | M.O. Investment03461475 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,185€ | — | 1 | 677€ |
| 121 | Mond Trade02436035 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 122 | Monteimore03702464 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,079€ | — | 1 | 422€ |
| 123 | Pilz - Metzner Planning & Consulting03503771 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,274€ | — | 1 | 678€ |
| 124 | Ricdi Inter Protection03552047 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,296€ | — | 1 | 678€ |
| 125 | Rudanca03104567 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,069€ | — | 1 | 339€ |
| 126 | Tatirob03612368 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,234€ | — | 1 | 924€ |
| 127 | Tscharlies Garden03388158 · Bar | 0.0% | 0€ | -100.0% | -8,222€ | — | 1 | 675€ |
| 128 | Vedri Dan03377261 · Budva | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 129 | Vila Buljarica03777502 | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 130 | Villa ST.BAR02795779 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,193€ | — | 1 | 678€ |
| 131 | Yimmizi03352668 · Bar | 0.0% | 0€ | -100.0% | -9,028€ | — | 1 | 677€ |