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 951–1000 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% |
| 59,955€ |
| +22.0% |
| 4,114€ |
| 6.9% |
| 2 |
| 1,781€ |
| 953 | Terminal Lounge03741877 · Kotor | <0.1% | 59,641€ | No filing for 2024. | -5,622€ | -9.4% | 0 | — |
| 954 | Lonzheron03492826 · Budva | <0.1% | 59,522€ | +445.2% | -887€ | -1.5% | 3 | 709€ |
| 955 | Mata Hari-Suković02072009 · Tuzi | <0.1% | 59,332€ | +77.5% | 2,035€ | 3.4% | 4 | — |
| 956 | Stil-Prom02391180 · Bar | <0.1% | 58,234€ | +9.0% | 737€ | 1.3% | 2 | 793€ |
| 957 | Veliki Hipnos03563782 · Kotor | <0.1% | 57,924€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,206€ | -43.5% | 2 | 514€ |
| 958 | I-Ti Company03585786 · Tivat | <0.1% | 57,896€ | +10.7% | -36,409€ | -62.9% | 2 | 1,035€ |
| 959 | The Core03467970 · Podgorica | <0.1% | 57,386€ | -19.7% | 1,471€ | 2.6% | 3 | 572€ |
| 960 | Ogi Premijer03061612 · Herceg Novi | <0.1% | 57,272€ | +124.0% | 5,713€ | 10.0% | 5 | — |
| 961 | Rexha Brothers03341615 · Ulcinj | <0.1% | 57,237€ | -13.4% | -17,984€ | -31.4% | 4 | 515€ |
| 962 | Keystone Montenegro02767112 · Herceg Novi | <0.1% | 57,180€ | +773.0% | -66,739€ | -116.7% | 3 | 847€ |
| 963 | Ukusno Mesto03596583 · Herceg Novi | <0.1% | 56,554€ | +33.4% | -14,446€ | -25.5% | 3 | 673€ |
| 964 | Ival Company03302792 · Nikšić | <0.1% | 56,482€ | -29.5% | -13,815€ | -24.5% | 2 | 453€ |
| 965 | Venus Group03651487 · Budva | <0.1% | 56,105€ | +131.8% | -33,411€ | -59.6% | 3 | 779€ |
| 966 | Turistička Agencija Pejić Tours03082113 · Ulcinj | <0.1% | 56,000€ | 0.0% | -28,033€ | -50.1% | 1 | 600€ |
| 967 | Friends Caffe03314367 · Ulcinj | <0.1% | 55,833€ | +32.6% | -1,161€ | -2.1% | 4 | 481€ |
| 968 | Mbatelje03505308 · Budva | <0.1% | 55,812€ | +1.4% | -14,685€ | -26.3% | 2 | 876€ |
| 969 | Agapi02742080 · Budva | <0.1% | 55,657€ | -10.7% | 1,252€ | 2.2% | 2 | 680€ |
| 970 | Lind03348717 · Tuzi | <0.1% | 55,390€ | +79.7% | -8,819€ | -15.9% | 2 | — |
| 971 | Ireo Construction03576981 · Podgorica | <0.1% | 55,368€ | +254.9% | -30,566€ | -55.2% | 4 | 802€ |
| 972 | Umac03414426 · Nikšić | <0.1% | 54,973€ | +2.2% | 227€ | 0.4% | 4 | 619€ |
| 973 | Tina-TB03640736 · Berane | <0.1% | 54,935€ | +58.4% | 5,075€ | 9.2% | 4 | 625€ |
| 974 | Potonja Luka03264696 · Cetinje | <0.1% | 54,876€ | +12.7% | -28,616€ | -52.1% | 1 | 492€ |
| 975 | Pasta Giorno03536203 · Budva | <0.1% | 54,861€ | -2.6% | 1,354€ | 2.5% | 3 | 444€ |
| 976 | Ases02375419 · Podgorica | <0.1% | 54,847€ | +22.8% | -8,263€ | -15.1% | 4 | 518€ |
| 977 | Kaffadzus03693767 · Budva | <0.1% | 54,780€ | +67,529.6% | -46,056€ | -84.1% | 4 | 956€ |
| 978 | RHB Group03122387 · Budva | <0.1% | 54,621€ | -38.0% | -30,395€ | -55.6% | 4 | 713€ |
| 979 | Preko Puta...03481638 · Bijelo Polje | <0.1% | 54,543€ | +73.0% | 745€ | 1.4% | 2 | 1,898€ |
| 980 | 3 Up03719723 · Bar | <0.1% | 54,385€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 745€ | 1.4% | 3 | 433€ |
| 981 | Dim Food03570371 · Herceg Novi | <0.1% | 54,064€ | +55.3% | 3,885€ | 7.2% | 3 | — |
| 982 | Milinbest03188043 · Kotor | <0.1% | 54,038€ | +0.1% | 700€ | 1.3% | 2 | 728€ |
| 983 | La Vista 2203418316 · Nikšić | <0.1% | 53,983€ | +119.2% | 2,774€ | 5.1% | 1 | 788€ |
| 984 | Urban Distribution03362736 · Podgorica | <0.1% | 53,927€ | -39.0% | -18,464€ | -34.2% | 1 | 937€ |
| 985 | Tepsei03699277 · Herceg Novi | <0.1% | 53,779€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,958€ | -27.8% | 4 | 536€ |
| 986 | T&T03225640 · Podgorica | <0.1% | 53,515€ | +637.8% | -2,889€ | -5.4% | 2 | 720€ |
| 987 | Exclusive Adriatic03720209 · Bar | <0.1% | 53,345€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 149€ | 0.3% | 3 | 554€ |
| 988 | As & sa03105342 · Budva | <0.1% | 52,874€ | No filing for 2024. | -3,136€ | -5.9% | 0 | — |
| 989 | Mil Mil03302253 · Podgorica | <0.1% | 52,841€ | +37.3% | -13,621€ | -25.8% | 3 | 578€ |
| 990 | Jaz-Jazz03048390 · Budva | <0.1% | 52,007€ | -66.5% | -29,851€ | -57.4% | 1 | 2,855€ |
| 991 | Radan - Company03205223 · Budva | <0.1% | 51,835€ | -29.0% | 499€ | 1.0% | 2 | 702€ |
| 992 | B.D.T.- Company02831325 · Podgorica | <0.1% | 51,769€ | +19.9% | 4,803€ | 9.3% | 3 | 509€ |
| 993 | Austropol03781852 · Nikšić | <0.1% | 51,619€ | No filing for 2024. | 31,700€ | 61.4% | 1 | 328€ |
| 994 | Gaga Trend02414660 · Budva | <0.1% | 51,547€ | -10.9% | -21,242€ | -41.2% | 4 | 905€ |
| 995 | Deniz Holidays03701719 · Budva | <0.1% | 51,432€ | No filing for 2024. | -771€ | -1.5% | 2 | 672€ |
| 996 | 101 Caffe03700542 · Herceg Novi | <0.1% | 51,388€ | +5,214.2% | -12,675€ | -24.7% | 3 | 735€ |
| 997 | S&H Company03749029 · Ulcinj | <0.1% | 51,355€ | No filing for 2024. | -7,077€ | -13.8% | 1 | 483€ |
| 998 | Cura Co02833204 · Bar | <0.1% | 51,306€ | +22.8% | 3,075€ | 6.0% | 3 | 564€ |
| 999 | Porto Com03090248 · Bar | <0.1% | 50,872€ | +22.7% | -20,659€ | -40.6% | 3 | 534€ |
| 1000 | Rigo03289494 · Ulcinj | <0.1% | 50,837€ | +18.4% | -23,348€ | -45.9% | 3 | 580€ |