Revenue
36.1% of sector revenue
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 851–900 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% |
| 88,067€ |
| +33.8% |
| 1,044€ |
| 1.2% |
| 6 |
| 488€ |
| 853 | Dolap02946122 · Nikšić | <0.1% | 88,043€ | +225.9% | 1,335€ | 1.5% | 4 | 616€ |
| 854 | Ilford03126102 · Budva | <0.1% | 87,982€ | +5.0% | 3,581€ | 4.1% | 2 | 653€ |
| 855 | Nonimi-S03329194 · Plužine | <0.1% | 86,674€ | +109.0% | 1,127€ | 1.3% | 2 | 899€ |
| 856 | Alm Business02435713 · Tivat | <0.1% | 86,422€ | +33.4% | 48,721€ | 56.4% | 1 | 718€ |
| 857 | Konoba - Vinoteka Virpazar03185028 · Bar | <0.1% | 85,821€ | -21.8% | -21,664€ | -25.2% | 4 | 611€ |
| 858 | Morea02384809 · Bar | <0.1% | 85,630€ | +12.0% | 7,451€ | 8.7% | 3 | 539€ |
| 859 | Wild Texas03740803 · Podgorica | <0.1% | 84,987€ | No filing for 2024. | -22,893€ | -26.9% | 1 | 1,562€ |
| 860 | Dupla Devetka02437490 · Podgorica | <0.1% | 84,950€ | +46.6% | 1,421€ | 1.7% | 3 | 678€ |
| 861 | Hasković Company03633403 · Bar | <0.1% | 84,844€ | +197.9% | 3,719€ | 4.4% | 3 | 632€ |
| 862 | Etage Vista03163482 · Herceg Novi | <0.1% | 84,766€ | +260.2% | -10,070€ | -11.9% | 4 | 1,063€ |
| 863 | Trip North03392520 · Rožaje | <0.1% | 84,353€ | -59.8% | 5,341€ | 6.3% | 1 | 1,228€ |
| 864 | Rid Company03767639 · Nikšić | <0.1% | 84,161€ | No filing for 2024. | 337€ | 0.4% | 5 | 451€ |
| 865 | Krčma Nostalgija03087166 · Žabljak | <0.1% | 83,873€ | -9.0% | -25,366€ | -30.2% | 3 | 1,203€ |
| 866 | Brothers Fast Food03658058 · Budva | <0.1% | 83,577€ | +199.1% | 4,518€ | 5.4% | 3 | 724€ |
| 867 | North Company03382818 · Bar | <0.1% | 83,389€ | -13.4% | -41,026€ | -49.2% | 7 | 587€ |
| 868 | Begzić Group03650235 · Bar | <0.1% | 83,374€ | +20.5% | 256€ | 0.3% | 3 | 672€ |
| 869 | Bali Group03427234 · Bijelo Polje | <0.1% | 83,277€ | +55.4% | -6,565€ | -7.9% | 3 | 669€ |
| 870 | Sun&Sunny03466566 · Podgorica | <0.1% | 83,145€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -66,796€ | -80.3% | 5 | 984€ |
| 871 | Petrus03323617 · Podgorica | <0.1% | 82,814€ | -78.5% | -86,797€ | -104.8% | 6 | 671€ |
| 872 | Vagon03263282 · Herceg Novi | <0.1% | 82,777€ | -1.0% | -34,570€ | -41.8% | 5 | 419€ |
| 873 | Vuso03635023 · Podgorica | <0.1% | 82,666€ | +548.8% | 17,006€ | 20.6% | 2 | 531€ |
| 874 | Dzodi03636518 · Herceg Novi | <0.1% | 82,597€ | +52.5% | -2,270€ | -2.7% | 5 | 622€ |
| 875 | Boka Beach03746402 · Tivat | <0.1% | 82,450€ | No filing for 2024. | 1,691€ | 2.1% | 1 | 1,204€ |
| 876 | Buongustogelato03326721 · Cetinje | <0.1% | 81,853€ | +270.4% | 8,856€ | 10.8% | 2 | 683€ |
| 877 | Vitaminče03358836 · Podgorica | <0.1% | 81,812€ | +13.6% | 23€ | 0.0% | 2 | 566€ |
| 878 | I&R Company03132684 · Berane | <0.1% | 81,177€ | -2.2% | 2,624€ | 3.2% | 9 | 367€ |
| 879 | Mini-Maxi02357810 · Pljevlja | <0.1% | 81,014€ | +7.3% | 1,235€ | 1.5% | 7 | 607€ |
| 880 | DL Group03341194 · Podgorica | <0.1% | 80,989€ | +0.2% | 11,606€ | 14.3% | 3 | 716€ |
| 881 | Fortuna - Šćepanović02343371 · Kotor | <0.1% | 80,885€ | -10.7% | -23,278€ | -28.8% | 3 | 716€ |
| 882 | Krljice03294935 · Berane | <0.1% | 80,557€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,125€ | 11.3% | 3 | 619€ |
| 883 | Sem-Co02397439 · Tivat | <0.1% | 79,440€ | +13.6% | 1,949€ | 2.5% | 4 | 903€ |
| 884 | Orgo03311724 · Ulcinj | <0.1% | 79,231€ | +0.6% | -5,896€ | -7.4% | 3 | 646€ |
| 885 | King Kiflizza03744396 · Budva | <0.1% | 79,178€ | No filing for 2024. | 15,544€ | 19.6% | 3 | — |
| 886 | XD Fastfood03050246 · Nikšić | <0.1% | 79,136€ | +39.7% | 79€ | 0.1% | 5 | 681€ |
| 887 | Infinitas02707918 · Bar | <0.1% | 79,011€ | +19.2% | -94€ | -0.1% | 4 | 603€ |
| 888 | Škerović Gradnja02309602 · Bar | <0.1% | 78,961€ | +25.6% | 17,899€ | 22.7% | 2 | 805€ |
| 889 | Lokve-Berane03312631 · Berane | <0.1% | 78,764€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,967€ | -36.8% | 3 | 1,885€ |
| 890 | Kuč Commerce03462501 · Podgorica | <0.1% | 78,430€ | +39.8% | -9,710€ | -12.4% | 4 | 619€ |
| 891 | Tasty Life03729559 · Bar | <0.1% | 78,118€ | No filing for 2024. | 3,935€ | 5.0% | 6 | 599€ |
| 892 | Ožegović Family03354695 · Herceg Novi | <0.1% | 77,995€ | -39.1% | -1,427€ | -1.8% | 5 | 674€ |
| 893 | Dragičević Company03732746 · Budva | <0.1% | 77,671€ | No filing for 2024. | 5,112€ | 6.6% | 1 | 999€ |
| 894 | Poki 2703486206 · Herceg Novi | <0.1% | 77,602€ | +13.6% | -7,872€ | -10.1% | 2 | 670€ |
| 895 | Teuta02127911 · Ulcinj | <0.1% | 76,593€ | +0.4% | -13,628€ | -17.8% | 3 | 626€ |
| 896 | Slavija Tours03105695 · Berane | <0.1% | 76,573€ | +54.4% | 4,423€ | 5.8% | 3 | 675€ |
| 897 | Napoleon Montenegro03082059 · Kolašin | <0.1% | 75,564€ | +12.0% | -13,209€ | -17.5% | 2 | 763€ |
| 898 | Krug Koffee03554660 · Bar | <0.1% | 74,941€ | +123.6% | 1,583€ | 2.1% | 4 | 568€ |
| 899 | Em Company02989964 · Pljevlja | <0.1% | 74,811€ | -8.0% | -27,127€ | -36.3% | 3 | 1,314€ |
| 900 | Novi Ambiente03625095 · Berane | <0.1% | 74,745€ | +258.5% | -4,822€ | -6.5% | 4 | 1,243€ |