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 1151–1200 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% |
| 25,989€ |
| +14.5% |
| -5,672€ |
| -21.8% |
| 1 |
| — |
| 1153 | Zona NK03794458 · Nikšić | <0.1% | 25,838€ | No filing for 2024. | 699€ | 2.7% | 3 | — |
| 1154 | Rakonjac Company03405338 · Herceg Novi | <0.1% | 25,802€ | -7.1% | -6,077€ | -23.6% | 3 | 500€ |
| 1155 | Zlatni Vir03755762 · Budva | <0.1% | 25,589€ | No filing for 2024. | -16,373€ | -64.0% | 1 | 1,865€ |
| 1156 | Pokvarena Sijalica03709485 · Podgorica | <0.1% | 25,433€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,254€ | -48.2% | 2 | 1,047€ |
| 1157 | 4 Palme03440117 · Herceg Novi | <0.1% | 25,180€ | -61.2% | -14,802€ | -58.8% | 1 | 633€ |
| 1158 | Dajana Company03427170 · Bijelo Polje | <0.1% | 25,114€ | +7.4% | 1,044€ | 4.2% | 1 | 697€ |
| 1159 | Škiljević Company03755878 · Plužine | <0.1% | 24,696€ | No filing for 2024. | 156€ | 0.6% | 2 | 445€ |
| 1160 | Ambar03632580 · Nikšić | <0.1% | 24,650€ | +113.4% | -1,150€ | -4.7% | 3 | 319€ |
| 1161 | F.S.B.03317838 · Podgorica | <0.1% | 24,608€ | -0.9% | -5,065€ | -20.6% | 2 | 421€ |
| 1162 | Disk02384108 · Budva | <0.1% | 24,566€ | +54.6% | -6,996€ | -28.5% | 2 | 841€ |
| 1163 | Syrov Services Mne03513939 · Podgorica | <0.1% | 24,520€ | -53.4% | -21,632€ | -88.2% | 1 | 2,130€ |
| 1164 | SMH Group03538770 · Bar | <0.1% | 24,513€ | -33.7% | -8,256€ | -33.7% | 3 | — |
| 1165 | Kulturno Zavičajno Udruženje - Napredak02314673 · Tivat | <0.1% | 24,374€ | -29.9% | 1,936€ | 7.9% | 0 | — |
| 1166 | Liberty Mne03674819 | <0.1% | 24,216€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,849€ | -40.7% | 1 | 1,388€ |
| 1167 | MM Popović03420337 · Podgorica | <0.1% | 24,119€ | -35.8% | -10,734€ | -44.5% | 2 | 535€ |
| 1168 | Trotters Indepedent Trading Co03089452 · Nikšić | <0.1% | 24,097€ | -45.6% | -17,206€ | -71.4% | 2 | 699€ |
| 1169 | Buločka03607763 · Bar | <0.1% | 24,095€ | +52.0% | -2,047€ | -8.5% | 1 | 1,387€ |
| 1170 | Vjerina Kuzina M03206629 · Cetinje | <0.1% | 24,014€ | +0.8% | -6,227€ | -25.9% | 1 | 1,350€ |
| 1171 | Gunesh Mne03358534 · Budva | <0.1% | 24,002€ | -7.7% | -3,153€ | -13.1% | 3 | 596€ |
| 1172 | Kka Company02617846 · Bijelo Polje | <0.1% | 23,683€ | -34.5% | -976€ | -4.1% | 2 | 705€ |
| 1173 | Karudiann03781470 · Herceg Novi | <0.1% | 23,602€ | No filing for 2024. | -4,464€ | -18.9% | 4 | — |
| 1174 | Dragon02439085 · Herceg Novi | <0.1% | 23,400€ | +23.6% | 3,633€ | 15.5% | 2 | 416€ |
| 1175 | Mirno More03074951 · Tivat | <0.1% | 23,310€ | -14.4% | -2,266€ | -9.7% | 2 | 765€ |
| 1176 | Herc - Ognjište02352036 · Herceg Novi | <0.1% | 23,211€ | +39.1% | -2,699€ | -11.6% | 2 | 575€ |
| 1177 | Z&VUK03329895 · Bijelo Polje | <0.1% | 23,061€ | +33.6% | -15,267€ | -66.2% | 3 | 416€ |
| 1178 | Black Cat03159680 · Kotor | <0.1% | 22,846€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,031€ | -162.1% | 3 | 440€ |
| 1179 | Lakićević-Trade02107937 · Herceg Novi | <0.1% | 22,783€ | +38.0% | 2,804€ | 12.3% | 2 | 438€ |
| 1180 | Sabrushi Trade02869217 · Ulcinj | <0.1% | 22,537€ | -4.9% | -13,158€ | -58.4% | 1 | 899€ |
| 1181 | Bupče02934990 · Podgorica | <0.1% | 22,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,399€ | 64.0% | 1 | 675€ |
| 1182 | A D L E R 80803758397 · Ulcinj | <0.1% | 22,479€ | No filing for 2024. | -9,636€ | -42.9% | 4 | — |
| 1183 | Nim Butua03357678 · Budva | <0.1% | 22,254€ | +0.4% | -588€ | -2.6% | 1 | 395€ |
| 1184 | Holidej02930846 · Bijelo Polje | <0.1% | 22,231€ | +31.5% | 124€ | 0.6% | 2 | 478€ |
| 1185 | Šećerko Kataro03593533 · Kotor | <0.1% | 22,198€ | +4.9% | -1,572€ | -7.1% | 1 | 905€ |
| 1186 | Vukčević Company No03727297 · Podgorica | <0.1% | 22,186€ | No filing for 2024. | -8,419€ | -37.9% | 2 | 660€ |
| 1187 | MG8903163016 · Podgorica | <0.1% | 21,986€ | +2.6% | -26,751€ | -121.7% | 2 | 334€ |
| 1188 | Desetka Group03566935 · Bar | <0.1% | 21,850€ | -9.5% | -6,552€ | -30.0% | 2 | 626€ |
| 1189 | Česma03362124 · Pljevlja | <0.1% | 21,836€ | -4.9% | -2,710€ | -12.4% | 2 | 675€ |
| 1190 | DMV 703658856 · Berane | <0.1% | 21,814€ | +196.2% | 1,392€ | 6.4% | 1 | 1,285€ |
| 1191 | Sahra Holding03471497 · Bar | <0.1% | 21,692€ | +75.5% | -24,542€ | -113.1% | 3 | 604€ |
| 1192 | Express Lonac03209580 · Nikšić | <0.1% | 21,542€ | -10.9% | 1,230€ | 5.7% | 3 | 338€ |
| 1193 | Mizel-Mina03654141 · Plav | <0.1% | 21,121€ | +165.3% | -2,152€ | -10.2% | 3 | 539€ |
| 1194 | In - Da03045404 · Kotor | <0.1% | 20,776€ | +3.3% | -20,014€ | -96.3% | 3 | 674€ |
| 1195 | Kro02751259 · Rožaje | <0.1% | 20,734€ | +17.7% | -2,326€ | -11.2% | 1 | 675€ |
| 1196 | Kolege Commerc02745011 · Kolašin | <0.1% | 20,688€ | +42.4% | -12,270€ | -59.3% | 2 | 986€ |
| 1197 | Gris & Co02404397 · Podgorica | <0.1% | 20,614€ | +4.7% | -2,233€ | -10.8% | 2 | 508€ |
| 1198 | Ada Catering03736652 · Podgorica | <0.1% | 20,473€ | No filing for 2024. | -13,840€ | -67.6% | 3 | 462€ |
| 1199 | Eferen03598187 · Budva | <0.1% | 20,371€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,883€ | -63.2% | 1 | 796€ |
| 1200 | Montinis02953587 · Podgorica | <0.1% | 20,357€ | +14.3% | 1,541€ | 7.6% | 2 | 678€ |