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 651–700 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% |
| 157,343€ |
| No filing for 2024. |
| -57,893€ |
| -36.8% |
| 9 |
| 626€ |
| 653 | Anur03670040 · Bar | <0.1% | 156,724€ | +289.3% | -20,098€ | -12.8% | 7 | 769€ |
| 654 | M&R-Food03637484 · Tivat | <0.1% | 156,226€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,614€ | 7.4% | 4 | 703€ |
| 655 | FF02759209 · Podgorica | <0.1% | 156,126€ | +1.1% | 9,344€ | 6.0% | 6 | 667€ |
| 656 | L&L Mne03404676 · Herceg Novi | <0.1% | 155,835€ | -53.5% | -105,888€ | -67.9% | 2 | 2,046€ |
| 657 | Milibar03509125 · Bar | <0.1% | 154,759€ | +13.7% | -32,845€ | -21.2% | 5 | 814€ |
| 658 | Vali Com02897873 · Ulcinj | <0.1% | 154,375€ | -7.9% | 3,847€ | 2.5% | 6 | 678€ |
| 659 | Hospitium Company02408716 · Bar | <0.1% | 154,053€ | +71.3% | 17,332€ | 11.3% | 5 | 699€ |
| 660 | Bull Black02348721 · Herceg Novi | <0.1% | 153,537€ | +9.8% | 15,197€ | 9.9% | 8 | 701€ |
| 661 | Il Amici03329267 · Podgorica | <0.1% | 152,155€ | +14.7% | 64€ | 0.0% | 6 | 627€ |
| 662 | Šljukić Capital03369005 · Podgorica | <0.1% | 152,003€ | -16.5% | -76€ | -0.0% | 6 | 637€ |
| 663 | Portum03347818 · Bar | <0.1% | 151,916€ | +18.3% | 991€ | 0.7% | 4 | 1,158€ |
| 664 | Džo Kadović03721949 · Danilovgrad | <0.1% | 151,836€ | No filing for 2024. | -32,469€ | -21.4% | 7 | 647€ |
| 665 | Restoran Trio03314421 · Ulcinj | <0.1% | 150,613€ | -25.3% | 42,553€ | 28.3% | 2 | 524€ |
| 666 | V&V Beach03745872 · Podgorica | <0.1% | 149,569€ | No filing for 2024. | 23,199€ | 15.5% | 1 | 1,277€ |
| 667 | Anmax02942011 · Nikšić | <0.1% | 148,358€ | +64.2% | 8,166€ | 5.5% | 3 | 735€ |
| 668 | Ietc- Development03166732 · Bar | <0.1% | 147,945€ | +161.3% | 10,822€ | 7.3% | 3 | 748€ |
| 669 | Zas Cavnić03114350 · Zeta | <0.1% | 147,362€ | +21.3% | 26,010€ | 17.7% | 3 | 875€ |
| 670 | Sedmorka03507815 · Danilovgrad | <0.1% | 147,360€ | +10.7% | 7,621€ | 5.2% | 5 | 1,058€ |
| 671 | 3S Hill03372618 · Podgorica | <0.1% | 146,926€ | -7.7% | -5,026€ | -3.4% | 3 | 658€ |
| 672 | Isma03247171 · Nikšić | <0.1% | 146,789€ | -6.6% | -3,070€ | -2.1% | 6 | 343€ |
| 673 | Piccoletto03106039 · Nikšić | <0.1% | 146,274€ | +9.4% | 361€ | 0.2% | 8 | 632€ |
| 674 | Boni Bokuni03632377 · Kotor | <0.1% | 145,906€ | +64.9% | -12,657€ | -8.7% | 5 | 1,132€ |
| 675 | D&D&M Company03237494 · Podgorica | <0.1% | 145,555€ | +18.0% | 2,067€ | 1.4% | 3 | 1,017€ |
| 676 | Šamador03159663 · Ulcinj | <0.1% | 145,346€ | +27.9% | 1,112€ | 0.8% | 1 | 725€ |
| 677 | Xio Cafe03507360 · Bar | <0.1% | 144,584€ | -18.3% | -48,877€ | -33.8% | 5 | 1,510€ |
| 678 | Surfers03496244 · Budva | <0.1% | 144,553€ | -17.3% | 18,910€ | 13.1% | 3 | 937€ |
| 679 | Varg & Co03711374 · Kotor | <0.1% | 143,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46,609€ | -32.6% | 4 | 945€ |
| 680 | Maker03565220 · Podgorica | <0.1% | 141,949€ | +72.6% | 28,860€ | 20.3% | 3 | 475€ |
| 681 | Volpino03694003 · Podgorica | <0.1% | 141,800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,661€ | 3.3% | 4 | 594€ |
| 682 | TBCB03344614 · Bar | <0.1% | 141,584€ | +4.3% | -112€ | -0.1% | 6 | 786€ |
| 683 | Niki Group03685551 · Bar | <0.1% | 141,176€ | +193.6% | 615€ | 0.4% | 8 | 604€ |
| 684 | Soldi03534464 · Budva | <0.1% | 140,638€ | +225.5% | -37,670€ | -26.8% | 6 | 968€ |
| 685 | La Familia03323064 · Budva | <0.1% | 140,457€ | +19.1% | 7,325€ | 5.2% | 5 | 982€ |
| 686 | Smash03633845 · Podgorica | <0.1% | 140,380€ | +20.1% | -30,473€ | -21.7% | 5 | 1,292€ |
| 687 | Restoran Plavsko Jezero03669424 · Plav | <0.1% | 140,205€ | +210.8% | -1,002€ | -0.7% | 2 | 1,769€ |
| 688 | SVB03332411 · Bijelo Polje | <0.1% | 140,067€ | +43.1% | 3,905€ | 2.8% | 4 | 647€ |
| 689 | Julimat & Co03506509 · Ulcinj | <0.1% | 139,993€ | +8.9% | 27,203€ | 19.4% | 2 | 678€ |
| 690 | MB - Lux02928507 · Herceg Novi | <0.1% | 139,769€ | +22.9% | -7,352€ | -5.3% | 7 | 585€ |
| 691 | Subito Pizza03111873 · Podgorica | <0.1% | 139,282€ | +4.7% | -17,587€ | -12.6% | 8 | 431€ |
| 692 | Forteca202503735834 · Herceg Novi | <0.1% | 138,815€ | No filing for 2024. | -946€ | -0.7% | 5 | 1,054€ |
| 693 | Libertas Tours02753812 · Ulcinj | <0.1% | 138,725€ | +28.9% | 130€ | 0.1% | 3 | 774€ |
| 694 | Unico Hija03360423 · Ulcinj | <0.1% | 138,650€ | +18.7% | 4,081€ | 2.9% | 2 | 1,846€ |
| 695 | Varjača03616762 · Podgorica | <0.1% | 138,537€ | +90.7% | -6,264€ | -4.5% | 6 | 483€ |
| 696 | Paštrovića Dvori03283399 · Budva | <0.1% | 138,004€ | -11.6% | -6,365€ | -4.6% | 4 | 868€ |
| 697 | Soul03486958 · Tivat | <0.1% | 137,950€ | -2.3% | 19,256€ | 14.0% | 8 | 450€ |
| 698 | Moja Konoba03517365 · Herceg Novi | <0.1% | 137,846€ | -14.4% | -25,134€ | -18.2% | 3 | 1,032€ |
| 699 | Peran02250462 · Herceg Novi | <0.1% | 137,768€ | +7.1% | -13,244€ | -9.6% | 6 | 1,077€ |
| 700 | Energy Up03452247 · Bar | <0.1% | 137,523€ | +49.9% | 3,876€ | 2.8% | 3 | 928€ |