Revenue
462.55m€6.0× since 2015
36.1% of sector revenue
Walter BBQ Crna Gora1.83m€ → 2.93m€
+60.1%1,822 companies earned 462.55m€ in 2025, 36.1% of Hospitality sector revenue. Revenue has grown 6.0× since 2015.
36.1% of sector revenue
551 with at most one employee
Largest employer: Panevivo (286)
Median company 1.1% · 45% 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 501–550 of 1,822
* 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 174 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 | 76,589,621€ | 661 |
| 2016 | 90,691,225€ | 770 |
| 2017 | 110,033,852€ | 886 |
| 2018 | 117,046,919€ | 1,003 |
| 2019 | 139,481,699€ | 1,111 |
| 2020 | 87,527,626€ | 1,217 |
| 2021 | 178,116,236€ | 1,326 |
| 2022 | 278,132,866€ | 1,495 |
| 2023 | 365,111,481€ | 1,723 |
| 2024 | 406,911,791€ | 1,840 |
| 2025 (Preliminary) | 462,546,922€ | 1,822 |
Employees and payroll cost per employee per month*
<0.1% |
| 222,587€ |
| +5.7% |
| 6,864€ |
| 3.1% |
| 8 |
| 711€ |
| 503 | Gušti03224678 · Herceg Novi | <0.1% | 222,363€ | -25.9% | 6,861€ | 3.1% | 10 | 822€ |
| 504 | Two Jokers Company03493903 · Danilovgrad | <0.1% | 222,338€ | -1.5% | 7,152€ | 3.2% | 7 | 822€ |
| 505 | Fiume03744183 · Tivat | <0.1% | 222,290€ | No filing for 2024. | -108,459€ | -48.8% | 8 | 1,177€ |
| 506 | Peks Company03746275 · Budva | <0.1% | 222,194€ | No filing for 2024. | 70,807€ | 31.9% | 1 | 803€ |
| 507 | Kamine03331288 · Bar | <0.1% | 221,928€ | +18.5% | -6,459€ | -2.9% | 5 | 956€ |
| 508 | Rabbit Records02823594 · Podgorica | <0.1% | 220,504€ | -29.7% | 4,469€ | 2.0% | 2 | 1,657€ |
| 509 | Butor Company03088367 · Bar | <0.1% | 219,734€ | -29.1% | -42,204€ | -19.2% | 6 | 1,090€ |
| 510 | Bonik-Group03462978 · Nikšić | <0.1% | 219,062€ | +40.6% | 2,682€ | 1.2% | 4 | 596€ |
| 511 | Tikas03751791 · Ulcinj | <0.1% | 218,891€ | No filing for 2024. | 18,376€ | 8.4% | 4 | 555€ |
| 512 | VMBM03022749 · Herceg Novi | <0.1% | 217,495€ | -1.3% | -29,798€ | -13.7% | 5 | 1,103€ |
| 513 | Voda u Kršu02423693 · Bar | <0.1% | 217,269€ | -2.1% | 23,574€ | 10.9% | 9 | 886€ |
| 514 | River of Happiness02976072 · Budva | <0.1% | 214,537€ | +45.4% | -42,511€ | -19.8% | 9 | 825€ |
| 515 | Ivmi Popović02382911 · Cetinje | <0.1% | 214,056€ | -1.9% | 16,298€ | 7.6% | 5 | 700€ |
| 516 | Instant Commerce03144445 · Ulcinj | <0.1% | 214,026€ | +0.7% | 48,316€ | 22.6% | 4 | 707€ |
| 517 | Peričić02914697 · Bar | <0.1% | 213,465€ | +10.2% | -14,845€ | -7.0% | 9 | 320€ |
| 518 | Pašterija03405796 · Podgorica | <0.1% | 213,049€ | +37.4% | 3,175€ | 1.5% | 4 | 1,180€ |
| 519 | Nemix Company03438180 · Herceg Novi | <0.1% | 212,892€ | -15.3% | 22,298€ | 10.5% | 7 | 691€ |
| 520 | Boklip03307212 · Herceg Novi | <0.1% | 212,594€ | +8.6% | 19,153€ | 9.0% | 9 | 682€ |
| 521 | Hemont03467104 · Podgorica | <0.1% | 212,208€ | -24.0% | -45,906€ | -21.6% | 10 | 1,083€ |
| 522 | Boka Porta02924340 · Kotor | <0.1% | 211,929€ | +6.5% | -80,859€ | -38.2% | 3 | 772€ |
| 523 | Vodice 05203559491 · Pljevlja | <0.1% | 211,756€ | -6.1% | -9,554€ | -4.5% | 9 | 840€ |
| 524 | HD Farm03009416 · Bijelo Polje | <0.1% | 211,406€ | +17.1% | 3,069€ | 1.5% | 7 | 590€ |
| 525 | Piperska Stijena02970996 · Budva | <0.1% | 211,236€ | +12.5% | -32,471€ | -15.4% | 10 | 765€ |
| 526 | V M V03092682 · Herceg Novi | <0.1% | 211,113€ | +55.0% | 10,315€ | 4.9% | 3 | 1,416€ |
| 527 | Leut02212951 · Herceg Novi | <0.1% | 210,803€ | +47.7% | 71,835€ | 34.1% | 4 | 721€ |
| 528 | Orahovica Tours03526399 · Bar | <0.1% | 210,676€ | +16.5% | 12,385€ | 5.9% | 4 | 1,008€ |
| 529 | Mid Co03644189 · Bar | <0.1% | 210,646€ | +208.6% | 4,677€ | 2.2% | 9 | 644€ |
| 530 | Nirvana03011259 · Tivat | <0.1% | 210,283€ | +5.9% | 8,018€ | 3.8% | 2 | 1,033€ |
| 531 | Amaro02443236 · Herceg Novi | <0.1% | 210,233€ | -2.0% | 37,161€ | 17.7% | 7 | 718€ |
| 532 | Blumenstreet03520099 · Bar | <0.1% | 210,084€ | +22.7% | 7,453€ | 3.5% | 6 | 702€ |
| 533 | MV Nobel02920158 · Budva | <0.1% | 209,189€ | +52.1% | 18,754€ | 9.0% | 4 | 1,124€ |
| 534 | ZDB Group Company03743314 · Budva | <0.1% | 208,770€ | No filing for 2024. | 48,738€ | 23.3% | 4 | 358€ |
| 535 | Ko - Caffe03066355 · Kotor | <0.1% | 207,794€ | +73.0% | 55,120€ | 26.5% | 4 | 715€ |
| 536 | Simulatte03587363 · Nikšić | <0.1% | 205,548€ | +17.2% | 13,554€ | 6.6% | 9 | 746€ |
| 537 | Tabu02876337 · Budva | <0.1% | 205,025€ | -38.4% | 59,739€ | 29.1% | 2 | 1,216€ |
| 538 | Kunje03129659 · Bar | <0.1% | 204,785€ | +3.0% | 6,262€ | 3.1% | 12 | — |
| 539 | Goja BP 202303566242 · Bijelo Polje | <0.1% | 204,543€ | +33.1% | 999€ | 0.5% | 8 | 624€ |
| 540 | Meat&Burger03687180 · Budva | <0.1% | 203,734€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,902€ | -16.6% | 7 | 585€ |
| 541 | Family Rin03305805 · Danilovgrad | <0.1% | 203,605€ | -24.6% | -8,775€ | -4.3% | 11 | 524€ |
| 542 | SLS Maini03372502 · Budva | <0.1% | 203,132€ | -17.0% | -24,960€ | -12.3% | 9 | 623€ |
| 543 | Vanja BLT03419819 · Herceg Novi | <0.1% | 203,108€ | -11.1% | -11,514€ | -5.7% | 6 | 757€ |
| 544 | Joy HN03650871 · Herceg Novi | <0.1% | 202,787€ | +207.7% | 61,046€ | 30.1% | 4 | 572€ |
| 545 | Demić Company03522156 · Bijelo Polje | <0.1% | 202,002€ | +217.0% | 19,393€ | 9.6% | 8 | 948€ |
| 546 | Inna Group03703401 · Budva | <0.1% | 201,827€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 32,445€ | 16.1% | 1 | 3,528€ |
| 547 | Bellavista Company03193489 · Herceg Novi | <0.1% | 201,796€ | +2,851.1% | 4,220€ | 2.1% | 11 | 545€ |
| 548 | RM Mediterraneo02703505 · Budva | <0.1% | 201,575€ | +21.7% | -8,168€ | -4.1% | 4 | 1,254€ |
| 549 | Apetit 2203417891 · Herceg Novi | <0.1% | 200,975€ | +32.4% | -809€ | -0.4% | 6 | 934€ |
| 550 | Feral Stari Grad03343219 · Budva | <0.1% | 200,429€ | +13.4% | 10,012€ | 5.0% | 3 | 1,598€ |