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 601–650 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% |
| 177,791€ |
| +16.8% |
| -13,999€ |
| -7.9% |
| 9 |
| 669€ |
| 603 | Lagoon Group03552870 · Bar | <0.1% | 177,498€ | +14.1% | 8,799€ | 5.0% | 6 | 782€ |
| 604 | Citadela02845539 · Budva | <0.1% | 177,058€ | +30.5% | 36,480€ | 20.6% | 4 | 1,169€ |
| 605 | Frango03499880 · Podgorica | <0.1% | 176,567€ | +21.4% | -42,461€ | -24.0% | 9 | 991€ |
| 606 | ST. Nikola’s03385370 · Budva | <0.1% | 176,055€ | +14.2% | 46,653€ | 26.5% | 5 | 691€ |
| 607 | Kola03233529 · Tuzi | <0.1% | 175,547€ | +1.6% | 7,314€ | 4.2% | 6 | 661€ |
| 608 | NNZ Group03710807 · Nikšić | <0.1% | 175,491€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,159€ | 0.7% | 6 | 711€ |
| 609 | Vivo Co03138887 · Kolašin | <0.1% | 175,138€ | -43.4% | 1,423€ | 0.8% | 9 | 523€ |
| 610 | Sarito03596451 · Ulcinj | <0.1% | 173,626€ | -36.2% | -23,180€ | -13.4% | 4 | 510€ |
| 611 | Kairos Company03022056 · Herceg Novi | <0.1% | 173,419€ | -0.2% | 1,745€ | 1.0% | 7 | 620€ |
| 612 | Gioia Group03285057 · Podgorica | <0.1% | 172,224€ | +689.6% | -24,513€ | -14.2% | 8 | 903€ |
| 613 | M&C03588459 · Tivat | <0.1% | 171,919€ | +165.1% | 34,595€ | 20.1% | 4 | 1,075€ |
| 614 | 3.Novembar02889064 · Žabljak | <0.1% | 171,644€ | -12.6% | 69,568€ | 40.5% | 5 | 458€ |
| 615 | Ćevabdžinica Kod Ada03111571 · Bijelo Polje | <0.1% | 170,794€ | +83.9% | -39,681€ | -23.2% | 7 | 943€ |
| 616 | MJ Kodeks03729214 · Herceg Novi | <0.1% | 170,677€ | No filing for 2024. | 507€ | 0.3% | 12 | 517€ |
| 617 | 19. Oktobar02062666 · Podgorica | <0.1% | 170,599€ | +41.1% | 1,630€ | 1.0% | 4 | 973€ |
| 618 | M. Nikčević - Rio02097958 · Nikšić | <0.1% | 170,490€ | +54.1% | -14,943€ | -8.8% | 5 | 1,077€ |
| 619 | Pachamama03632750 · Podgorica | <0.1% | 169,918€ | +681.5% | -11,624€ | -6.8% | 6 | 526€ |
| 620 | Porto Bijela03125548 · Herceg Novi | <0.1% | 169,683€ | -0.5% | -11,687€ | -6.9% | 7 | 555€ |
| 621 | Happy - Food03182959 · Herceg Novi | <0.1% | 169,596€ | -7.3% | 3,168€ | 1.9% | 5 | 1,068€ |
| 622 | Superior Stars03596460 · Kotor | <0.1% | 169,491€ | -35.1% | -66,272€ | -39.1% | 5 | 1,261€ |
| 623 | Forsage02753537 · Budva | <0.1% | 168,980€ | -27.2% | -11,518€ | -6.8% | 8 | 862€ |
| 624 | BNB Company02832275 · Ulcinj | <0.1% | 167,906€ | +20.0% | 16,556€ | 9.9% | 5 | 549€ |
| 625 | Mustur02127598 · Herceg Novi | <0.1% | 167,385€ | +9.6% | 14,229€ | 8.5% | 4 | 1,048€ |
| 626 | MBJ Club03367169 · Bar | <0.1% | 166,883€ | +63.4% | 26,444€ | 15.8% | 5 | 806€ |
| 627 | Sada Tours03374190 · Bar | <0.1% | 166,570€ | +15.5% | 12,584€ | 7.6% | 2 | 1,462€ |
| 628 | Mpkamilica03509397 · Podgorica | <0.1% | 165,708€ | -19.9% | 55,204€ | 33.3% | 6 | 666€ |
| 629 | Rea Junior02401827 · Budva | <0.1% | 165,666€ | -0.7% | -6,244€ | -3.8% | 8 | 1,099€ |
| 630 | Novi Biss03355772 · Herceg Novi | <0.1% | 165,148€ | +29.6% | -1,004€ | -0.6% | 5 | 483€ |
| 631 | Primus Viss03617386 · Podgorica | <0.1% | 164,816€ | +26.6% | 19,189€ | 11.6% | 5 | 677€ |
| 632 | Alg-0103432408 · Herceg Novi | <0.1% | 164,615€ | +357.9% | 14,242€ | 8.7% | 1 | 4,810€ |
| 633 | Magic Family03260119 · Nikšić | <0.1% | 164,365€ | +170.6% | 9,927€ | 6.0% | 6 | 787€ |
| 634 | Sassaco03352960 · Podgorica | <0.1% | 164,211€ | +4,105,175.0% | 14,986€ | 9.1% | 4 | 1,006€ |
| 635 | Ćeman Industry03706974 · Bar | <0.1% | 163,690€ | +6,711.9% | 991€ | 0.6% | 7 | 759€ |
| 636 | 25 Avgust03086577 · Budva | <0.1% | 163,233€ | -3.0% | 13,207€ | 8.1% | 4 | 557€ |
| 637 | Hamburger02344629 · Ulcinj | <0.1% | 163,203€ | +18.8% | -1,552€ | -1.0% | 5 | 676€ |
| 638 | L.L. Sette Company03495116 · Podgorica | <0.1% | 163,112€ | +6.4% | 1,853€ | 1.1% | 7 | 742€ |
| 639 | Sivan03662420 · Ulcinj | <0.1% | 162,921€ | +16.4% | 39,172€ | 24.0% | 5 | 409€ |
| 640 | Stingray03390764 · Tivat | <0.1% | 161,685€ | -8.1% | 4,466€ | 2.8% | 5 | 604€ |
| 641 | Vučićević Bu-203732843 · Budva | <0.1% | 161,123€ | No filing for 2024. | 50,475€ | 31.3% | 3 | 1,000€ |
| 642 | Has Food03059987 · Budva | <0.1% | 161,003€ | -1.2% | 2,125€ | 1.3% | 7 | 732€ |
| 643 | Chanandluk02925761 · Budva | <0.1% | 160,433€ | +14.2% | 738€ | 0.5% | 4 | 960€ |
| 644 | Meliora03389367 · Bar | <0.1% | 159,971€ | +82.5% | -20,346€ | -12.7% | 5 | 1,189€ |
| 645 | Loft Bistro03290999 · Podgorica | <0.1% | 159,654€ | -62.5% | -40,284€ | -25.2% | 5 | 764€ |
| 646 | Bakalli 202303546071 · Ulcinj | <0.1% | 159,562€ | +64.2% | 4,466€ | 2.8% | 3 | 426€ |
| 647 | Il Freddo Group03441407 · Ulcinj | <0.1% | 159,417€ | -10.7% | 4,399€ | 2.8% | 2 | 1,279€ |
| 648 | Bura Pub03526305 · Budva | <0.1% | 159,092€ | +6.4% | 2,084€ | 1.3% | 6 | 693€ |
| 649 | Simd - Commerce02693372 · Cetinje | <0.1% | 158,128€ | -27.8% | 83€ | 0.1% | 7 | 675€ |
| 650 | Escallera02193981 · Budva | <0.1% | 157,674€ | -46.6% | -58,346€ | -37.0% | 7 | 1,058€ |