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 1201–1250 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% |
| 20,041€ |
| -36.1% |
| -14,454€ |
| -72.1% |
| 3 |
| 580€ |
| 1203 | Đovana Company03755088 · Herceg Novi | <0.1% | 19,717€ | No filing for 2024. | 341€ | 1.7% | 1 | 344€ |
| 1204 | MM-King03460681 · Kotor | <0.1% | 19,077€ | +3.1% | -10,298€ | -54.0% | 2 | 623€ |
| 1205 | Verige&Co03346633 · Cetinje | <0.1% | 19,048€ | -5.9% | 1,431€ | 7.5% | 2 | — |
| 1206 | T-Caffe Bar & Restaurants03090060 · Herceg Novi | <0.1% | 19,002€ | -23.8% | -25,645€ | -135.0% | 3 | 665€ |
| 1207 | Kod Adža03048713 · Bijelo Polje | <0.1% | 18,991€ | -43.8% | -43,284€ | -227.9% | 6 | 659€ |
| 1208 | Estrella77703440958 · Budva | <0.1% | 18,905€ | +14.6% | -8,066€ | -42.7% | 2 | 335€ |
| 1209 | Truckster03519732 · Budva | <0.1% | 18,868€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 9,582€ | 50.8% | 1 | 675€ |
| 1210 | Babi Bar Group03798852 · Bar | <0.1% | 18,512€ | No filing for 2024. | 4,183€ | 22.6% | 1 | — |
| 1211 | Gianduja03560775 · Podgorica | <0.1% | 18,471€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,511€ | -67.7% | 2 | 464€ |
| 1212 | Lusnika03594050 · Podgorica | <0.1% | 18,006€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,724€ | 42.9% | 1 | 673€ |
| 1213 | Ais03425703 · Herceg Novi | <0.1% | 17,705€ | +30.8% | 222€ | 1.3% | 1 | 874€ |
| 1214 | Staro Zabjelo03330842 · Podgorica | <0.1% | 17,487€ | -6.6% | -18,272€ | -104.5% | 2 | 678€ |
| 1215 | Best In Burger03328031 · Budva | <0.1% | 17,252€ | -3.3% | -34,715€ | -201.2% | 6 | 475€ |
| 1216 | Nirvana Beach03756556 · Podgorica | <0.1% | 17,205€ | No filing for 2024. | -31,182€ | -181.2% | 1 | 656€ |
| 1217 | Strixbar03600726 · Budva | <0.1% | 17,032€ | +47.4% | -3,320€ | -19.5% | 1 | 675€ |
| 1218 | Nopeca03691489 · Budva | <0.1% | 16,771€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,665€ | -57.6% | 1 | 759€ |
| 1219 | Fairy Tail03233626 · Herceg Novi | <0.1% | 16,453€ | +301.3% | -7,961€ | -48.4% | 2 | 537€ |
| 1220 | Prenky & Buba Company03660478 · Podgorica | <0.1% | 16,450€ | +70.7% | -2,409€ | -14.6% | 1 | 677€ |
| 1221 | First Line Property03569594 · Bar | <0.1% | 16,313€ | +315.2% | -18,066€ | -110.7% | 3 | 346€ |
| 1222 | Sofija & Luka03271820 · Bar | <0.1% | 16,184€ | +37.8% | -6,914€ | -42.7% | 1 | 675€ |
| 1223 | Andrey Selin i Co03375153 · Budva | <0.1% | 16,034€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,967€ | -12.3% | 1 | 1,341€ |
| 1224 | Elatik Group03589447 · Podgorica | <0.1% | 15,950€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,305€ | 45.8% | 1 | 677€ |
| 1225 | Đukić International03507033 · Berane | <0.1% | 15,830€ | -23.0% | -8,093€ | -51.1% | 2 | — |
| 1226 | Yu - Montenegro02379520 · Budva | <0.1% | 15,641€ | +123.4% | -1,080€ | -6.9% | 1 | — |
| 1227 | Camp Oaza,lipa03680614 · Cetinje | <0.1% | 15,372€ | +598.7% | 1,169€ | 7.6% | 1 | 360€ |
| 1228 | Caffe Mahala03102076 · Bijelo Polje | <0.1% | 15,256€ | +65.8% | -11,580€ | -75.9% | 3 | 614€ |
| 1229 | Muški02980266 · Kotor | <0.1% | 15,236€ | +10.1% | -20,621€ | -135.3% | 2 | 1,478€ |
| 1230 | Roštilj Kod Erka03698092 · Rožaje | <0.1% | 15,190€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,004€ | -13.2% | 1 | 675€ |
| 1231 | Pavićević Produkt03753689 · Nikšić | <0.1% | 14,946€ | No filing for 2024. | -5,787€ | -38.7% | 2 | 521€ |
| 1232 | Sjaj Group03103072 · Bijelo Polje | <0.1% | 14,886€ | -13.3% | -22,046€ | -148.1% | 2 | 1,125€ |
| 1233 | Hurem03725308 · Rožaje | <0.1% | 14,875€ | No filing for 2024. | 746€ | 5.0% | 2 | — |
| 1234 | Iconix Group03769283 · Podgorica | <0.1% | 14,859€ | No filing for 2024. | -4,467€ | -30.1% | 2 | — |
| 1235 | Osema03626806 · Podgorica | <0.1% | 14,799€ | -57.3% | -7,224€ | -48.8% | 1 | 679€ |
| 1236 | Lida Restaurant03608751 · Ulcinj | <0.1% | 14,660€ | +217.0% | 483€ | 3.3% | 1 | 675€ |
| 1237 | Quality Fine03345106 · Herceg Novi | <0.1% | 14,645€ | +29.6% | 1,287€ | 8.8% | 1 | — |
| 1238 | Priča Se Nastavlja03203298 · Podgorica | <0.1% | 14,455€ | +24.1% | -6,993€ | -48.4% | 1 | 1,074€ |
| 1239 | Sunset Group03653331 · Budva | <0.1% | 14,413€ | +332.3% | -8,280€ | -57.4% | 1 | 563€ |
| 1240 | Burger Craft03380912 · Budva | <0.1% | 14,326€ | -41.7% | -23,219€ | -162.1% | 3 | 704€ |
| 1241 | Debela Ladovina03578615 · Podgorica | <0.1% | 14,325€ | -32.3% | -3,440€ | -24.0% | 2 | 573€ |
| 1242 | Adriatic Pizza Group03739813 · Kotor | <0.1% | 14,282€ | No filing for 2024. | -9,724€ | -68.1% | 1 | 537€ |
| 1243 | Sanet It Consultancy03208079 · Tivat | <0.1% | 14,230€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,626€ | 11.4% | 1 | 908€ |
| 1244 | Cevabdzinica Kod Sandre03650545 · Bijelo Polje | <0.1% | 14,185€ | -4.6% | -2,377€ | -16.8% | 1 | 763€ |
| 1245 | Gerila Street03162907 · Nikšić | <0.1% | 14,085€ | -35.0% | -18,818€ | -133.6% | 3 | 718€ |
| 1246 | M Team Success03705927 · Bar | <0.1% | 13,957€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -31,119€ | -223.0% | 1 | 604€ |
| 1247 | Rez Company03682897 · Podgorica | <0.1% | 13,920€ | +239.0% | -6,878€ | -49.4% | 2 | 675€ |
| 1248 | Chill Out03058999 · Bijelo Polje | <0.1% | 13,738€ | +542.6% | -5,778€ | -42.1% | 2 | 805€ |
| 1249 | Konoba Kod Cara03051790 · Pljevlja | <0.1% | 13,615€ | -26.8% | 1,742€ | 12.8% | 1 | 675€ |
| 1250 | Fast Food Chill 202403705153 · Berane | <0.1% | 13,536€ | +9,235.2% | -5,001€ | -36.9% | 2 | 565€ |