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 551–600 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% |
| 200,043€ |
| +7.7% |
| 27,489€ |
| 13.7% |
| 4 |
| 1,139€ |
| 553 | Frank03132692 · Podgorica | <0.1% | 199,297€ | +6.2% | 17,951€ | 9.0% | 7 | 904€ |
| 554 | Deana Co03267199 · Bar | <0.1% | 199,215€ | +18.9% | 16,740€ | 8.4% | 3 | 1,035€ |
| 555 | Positive Invest03552748 · Nikšić | <0.1% | 198,474€ | +5.8% | 1,614€ | 0.8% | 6 | 841€ |
| 556 | Sei Sette03609987 · Podgorica | <0.1% | 197,415€ | +439.2% | 9,520€ | 4.8% | 5 | 492€ |
| 557 | SKY Engeneering03378586 · Budva | <0.1% | 197,135€ | +58.4% | -119,775€ | -60.8% | 2 | 1,919€ |
| 558 | Baila-Bar03205983 · Pljevlja | <0.1% | 196,841€ | +10.8% | 68,532€ | 34.8% | 5 | 661€ |
| 559 | First Angolo03706605 · Nikšić | <0.1% | 196,070€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,138€ | 5.7% | 6 | 869€ |
| 560 | Pranvera03399125 · Tuzi | <0.1% | 195,983€ | +2,138.3% | 23,744€ | 12.1% | 5 | 861€ |
| 561 | Ponta Petrovac02786966 · Budva | <0.1% | 195,199€ | -1.1% | -23,522€ | -12.1% | 4 | 475€ |
| 562 | Restoran Royal03356647 · Ulcinj | <0.1% | 194,950€ | -1.7% | 9,112€ | 4.7% | 5 | 978€ |
| 563 | Grgo Company03529606 · Podgorica | <0.1% | 194,899€ | +55.1% | 65,270€ | 33.5% | 2 | 485€ |
| 564 | Initium Company03413071 · Kotor | <0.1% | 194,340€ | +27.9% | 6,996€ | 3.6% | 5 | 1,049€ |
| 565 | Buyisich03100936 · Plužine | <0.1% | 193,023€ | -8.1% | 1,070€ | 0.6% | 9 | 450€ |
| 566 | Nikudina03344126 · Budva | <0.1% | 192,925€ | -17.7% | -18,277€ | -9.5% | 4 | 682€ |
| 567 | Healthy Bar03669084 · Podgorica | <0.1% | 192,791€ | +50.1% | -12,877€ | -6.7% | 7 | 1,002€ |
| 568 | Green Area03351866 · Podgorica | <0.1% | 192,540€ | +14.1% | 18,976€ | 9.9% | 3 | 1,276€ |
| 569 | M.C.S03615782 · Budva | <0.1% | 192,144€ | +419.9% | -44,481€ | -23.1% | 4 | 1,279€ |
| 570 | Intermezzo MN03091040 · Podgorica | <0.1% | 191,430€ | +11.9% | -11,420€ | -6.0% | 7 | 795€ |
| 571 | Nevenmont02447177 · Herceg Novi | <0.1% | 190,616€ | +11.5% | 860€ | 0.5% | 4 | 635€ |
| 572 | Kovijanić Company03100464 · Šavnik | <0.1% | 189,408€ | +20.7% | 13,730€ | 7.2% | 3 | 945€ |
| 573 | Pižun03653269 · Budva | <0.1% | 188,875€ | +114.4% | 31,619€ | 16.7% | 2 | 841€ |
| 574 | An-Ri Invest03149234 · Nikšić | <0.1% | 188,151€ | +203.2% | 2,017€ | 1.1% | 6 | 787€ |
| 575 | Moje Selo03416054 · Šavnik | <0.1% | 188,106€ | +53.2% | 3,149€ | 1.7% | 4 | 851€ |
| 576 | Fluffy Pancakes03725782 · Budva | <0.1% | 187,805€ | No filing for 2024. | 28,097€ | 15.0% | 7 | 690€ |
| 577 | Persons Co03353796 · Kotor | <0.1% | 187,256€ | +14.8% | 23,266€ | 12.4% | 6 | 1,148€ |
| 578 | Svašta Nešto02636417 · Podgorica | <0.1% | 186,880€ | +15.7% | 25,866€ | 13.8% | 3 | 1,230€ |
| 579 | Plavi Talasi03261875 · Budva | <0.1% | 186,738€ | +10.1% | -36,379€ | -19.5% | 8 | 1,110€ |
| 580 | Olympic Summer03080595 · Budva | <0.1% | 186,640€ | +15.4% | 14,506€ | 7.8% | 8 | — |
| 581 | Vongola02759217 · Bar | <0.1% | 186,314€ | +4.7% | 52,192€ | 28.0% | 7 | 456€ |
| 582 | PP Ventura03044882 · Podgorica | <0.1% | 185,735€ | -37.7% | -57,475€ | -30.9% | 5 | 752€ |
| 583 | MV Mandrać02820862 · Budva | <0.1% | 185,656€ | -9.0% | -11,201€ | -6.0% | 5 | 510€ |
| 584 | Jokić DBD03317480 · Podgorica | <0.1% | 185,381€ | +35.1% | 6,651€ | 3.6% | 5 | 546€ |
| 585 | Richard CG03757714 · Podgorica | <0.1% | 185,215€ | No filing for 2024. | 34,549€ | 18.7% | 4 | — |
| 586 | Trio Gušt03701379 · Budva | <0.1% | 184,897€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,564€ | -6.3% | 6 | 661€ |
| 587 | Citadela Stari Bar03180557 · Bar | <0.1% | 184,522€ | +43.1% | -34,620€ | -18.8% | 4 | 749€ |
| 588 | Ponta Risan03187209 · Kotor | <0.1% | 183,758€ | +19.7% | 30,672€ | 16.7% | 4 | 1,010€ |
| 589 | Gala02400693 · Budva | <0.1% | 183,535€ | -10.1% | 29,447€ | 16.0% | 4 | 967€ |
| 590 | Kruče Tours02208792 · Ulcinj | <0.1% | 183,412€ | +1.9% | 7,983€ | 4.4% | 5 | 637€ |
| 591 | BB Šušanj03362400 · Bar | <0.1% | 182,533€ | +6.7% | 2,433€ | 1.3% | 3 | 1,055€ |
| 592 | Urban Cakes03698548 · Budva | <0.1% | 182,475€ | +4,331.2% | 5,743€ | 3.1% | 7 | 676€ |
| 593 | Rubick03089614 · Bar | <0.1% | 181,935€ | +26.8% | 4,196€ | 2.3% | 3 | 1,174€ |
| 594 | Pav Estate03516814 · Kotor | <0.1% | 181,525€ | -8.4% | 16,311€ | 9.0% | 6 | 894€ |
| 595 | Stara Kuća Montenegro03066975 · Podgorica | <0.1% | 181,513€ | -30.2% | 6,334€ | 3.5% | 4 | 717€ |
| 596 | Putex02057093 · Kotor | <0.1% | 180,779€ | +5.1% | 3,515€ | 1.9% | 6 | 804€ |
| 597 | Adea L03218929 · Ulcinj | <0.1% | 179,961€ | -7.6% | 4,613€ | 2.6% | 6 | 1,062€ |
| 598 | Vidikovac Njivice03347745 · Herceg Novi | <0.1% | 179,344€ | -28.7% | 2,431€ | 1.4% | 6 | 536€ |
| 599 | Urban Place03302741 · Bar | <0.1% | 179,338€ | +85.2% | 1,902€ | 1.1% | 7 | 530€ |
| 600 | Loper Tours02226634 · Budva | <0.1% | 178,266€ | -13.2% | 458€ | 0.3% | 9 | 657€ |