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 801–850 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% |
| 101,638€ |
| No filing for 2024. |
| -83,449€ |
| -82.1% |
| 10 |
| — |
| 803 | Fjaka03524159 · Herceg Novi | <0.1% | 101,480€ | -15.5% | -13,870€ | -13.7% | 3 | 978€ |
| 804 | MSD Sistem03367240 · Herceg Novi | <0.1% | 101,347€ | +3.7% | 15,467€ | 15.3% | 3 | 802€ |
| 805 | Skrbuša02716658 · Kolašin | <0.1% | 101,162€ | +15.0% | 3,752€ | 3.7% | 4 | 731€ |
| 806 | Porto Bjelila03155510 · Tivat | <0.1% | 100,560€ | -22.1% | -16,271€ | -16.2% | 6 | 565€ |
| 807 | Asimgard03661083 · Budva | <0.1% | 100,507€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,728€ | -21.6% | 4 | 732€ |
| 808 | Mona03118371 · Budva | <0.1% | 100,484€ | +9.7% | -5,855€ | -5.8% | 7 | 459€ |
| 809 | Bogmar03101916 · Podgorica | <0.1% | 100,465€ | +11.8% | 12,072€ | 12.0% | 2 | 700€ |
| 810 | Boka BB03747727 · Herceg Novi | <0.1% | 99,901€ | No filing for 2024. | 2,431€ | 2.4% | 3 | 539€ |
| 811 | Sinbia03263568 · Budva | <0.1% | 99,798€ | +254.3% | 35,473€ | 35.5% | 2 | 419€ |
| 812 | Ikas03486397 · Budva | <0.1% | 98,680€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,436€ | 1.5% | 3 | 1,002€ |
| 813 | Mafi Mne03394077 · Podgorica | <0.1% | 98,640€ | +2.7% | -9,509€ | -9.6% | 5 | 512€ |
| 814 | Anarb02928094 · Ulcinj | <0.1% | 98,248€ | +11.6% | 9,864€ | 10.0% | 4 | 665€ |
| 815 | Acm Group03310086 · Bijelo Polje | <0.1% | 97,410€ | +28.4% | 895€ | 0.9% | 2 | 1,050€ |
| 816 | King S&G03427528 · Podgorica | <0.1% | 97,297€ | +20.4% | -10,341€ | -10.6% | 5 | 563€ |
| 817 | Kairos Mne02679400 · Herceg Novi | <0.1% | 97,248€ | -8.7% | -34,578€ | -35.6% | 5 | 772€ |
| 818 | Ellcoffee03383881 · Herceg Novi | <0.1% | 97,092€ | -11.9% | -26,060€ | -26.8% | 8 | 761€ |
| 819 | Bun03137902 · Budva | <0.1% | 96,823€ | +11.6% | 9,709€ | 10.0% | 2 | 569€ |
| 820 | MM Playroom03280209 · Kotor | <0.1% | 95,775€ | +21.8% | 2,346€ | 2.4% | 4 | 1,034€ |
| 821 | 199403236927 · Podgorica | <0.1% | 95,579€ | -8.3% | 2,398€ | 2.5% | 2 | 746€ |
| 822 | Ant Company03367762 · Budva | <0.1% | 95,525€ | +22.8% | 36,475€ | 38.2% | 4 | 410€ |
| 823 | Rosmarino03657507 · Kotor | <0.1% | 95,429€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,445€ | 10.9% | 2 | 880€ |
| 824 | Carpe Diem Boka Bay03047164 · Kotor | <0.1% | 94,782€ | -39.3% | 694€ | 0.7% | 3 | 796€ |
| 825 | Ima Dana i Kafana03647137 · Pljevlja | <0.1% | 94,608€ | +49.7% | 2,900€ | 3.1% | 5 | 678€ |
| 826 | Heds 9503471870 · Budva | <0.1% | 93,910€ | +2.6% | 3,745€ | 4.0% | 4 | 681€ |
| 827 | Drobni Pijesak02401452 · Budva | <0.1% | 93,761€ | -0.4% | -2,024€ | -2.2% | 4 | 859€ |
| 828 | LKL Enterprises03635406 · Podgorica | <0.1% | 93,454€ | +513.0% | 2,894€ | 3.1% | 3 | 737€ |
| 829 | Primo02809613 · Herceg Novi | <0.1% | 92,872€ | +140.0% | 845€ | 0.9% | 2 | 2,078€ |
| 830 | Spes-DMP03393364 · Pljevlja | <0.1% | 92,869€ | +2.9% | -18,422€ | -19.8% | 7 | 717€ |
| 831 | Kafedžija03548139 · Herceg Novi | <0.1% | 91,796€ | +27.9% | -7,518€ | -8.2% | 1 | 2,748€ |
| 832 | Numera02648237 · Podgorica | <0.1% | 91,769€ | +24.0% | 15,920€ | 17.3% | 3 | 599€ |
| 833 | Naša Kuhinjica03400638 · Podgorica | <0.1% | 91,272€ | -51.2% | -12,205€ | -13.4% | 2 | 936€ |
| 834 | Selimo03418588 · Kotor | <0.1% | 90,818€ | +87.4% | -9,126€ | -10.0% | 4 | 574€ |
| 835 | El Greko Hellas03538001 · Budva | <0.1% | 90,764€ | +4.5% | -47,379€ | -52.2% | 4 | 502€ |
| 836 | 3 Ways03652505 · Ulcinj | <0.1% | 90,636€ | +2.3% | -1,224€ | -1.4% | 3 | 604€ |
| 837 | Spaić Family03123375 · Herceg Novi | <0.1% | 90,390€ | -11.8% | -461€ | -0.5% | 5 | 604€ |
| 838 | BP Projects03781933 · Kotor | <0.1% | 90,197€ | No filing for 2024. | 24,131€ | 26.8% | 5 | — |
| 839 | Petko02739585 · Podgorica | <0.1% | 90,136€ | +15.5% | 1,383€ | 1.5% | 3 | 893€ |
| 840 | Beatrice Company03503518 · Budva | <0.1% | 90,015€ | -6.0% | 25,914€ | 28.8% | 3 | 542€ |
| 841 | Tradicija V&B03363821 · Podgorica | <0.1% | 89,668€ | -6.3% | -21,094€ | -23.5% | 5 | 652€ |
| 842 | Ta-Norma02875551 · Tivat | <0.1% | 89,642€ | +66.9% | 3,918€ | 4.4% | 2 | 629€ |
| 843 | The Pier03352650 · Ulcinj | <0.1% | 89,483€ | -9.7% | 23,488€ | 26.2% | 1 | — |
| 844 | Pansion Ruma03130835 · Kotor | <0.1% | 89,348€ | -24.3% | -1,739€ | -1.9% | 2 | 1,074€ |
| 845 | Pantović Komerc03738248 · Budva | <0.1% | 89,115€ | No filing for 2024. | -11,477€ | -12.9% | 2 | 1,204€ |
| 846 | Markos 103741087 · Budva | <0.1% | 89,000€ | No filing for 2024. | 7,562€ | 8.5% | 2 | 749€ |
| 847 | Pamm 145003620808 · Podgorica | <0.1% | 88,847€ | +64.3% | 7,487€ | 8.4% | 3 | 723€ |
| 848 | Panettino Corner03440192 · Podgorica | <0.1% | 88,750€ | +54.3% | 5,816€ | 6.6% | 1 | — |
| 849 | Motel Port03308316 · Berane | <0.1% | 88,699€ | -36.2% | 5,519€ | 6.2% | 4 | 514€ |
| 850 | Gurman MJN03759652 · Podgorica | <0.1% | 88,254€ | No filing for 2024. | -18,804€ | -21.3% | 10 | — |