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 1251–1300 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% |
| 13,456€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -26,338€ |
| -195.7% |
| 2 |
| 859€ |
| 1253 | Amze Group03234436 · Bijelo Polje | <0.1% | 13,364€ | -22.1% | -1,934€ | -14.5% | 2 | 422€ |
| 1254 | Podbožur02792095 · Nikšić | <0.1% | 13,225€ | +3.6% | -352€ | -2.7% | 1 | 675€ |
| 1255 | Adriana & Co03389243 · Cetinje | <0.1% | 12,945€ | -3.9% | -241€ | -1.9% | 1 | 840€ |
| 1256 | Kafee Trio03276384 · Podgorica | <0.1% | 12,881€ | +36.9% | -10,834€ | -84.1% | 2 | 516€ |
| 1257 | Konoba Kod Tunje03605159 · Herceg Novi | <0.1% | 12,742€ | +153.9% | -2,246€ | -17.6% | 1 | 998€ |
| 1258 | Per La Famiglia03590666 · Podgorica | <0.1% | 12,696€ | -10.3% | 3,666€ | 28.9% | 1 | 339€ |
| 1259 | Buon Apetito Company03748618 · Podgorica | <0.1% | 12,526€ | No filing for 2024. | -28,773€ | -229.7% | 3 | 475€ |
| 1260 | Vukovići03654460 · Herceg Novi | <0.1% | 12,507€ | +123.8% | -12,054€ | -96.4% | 2 | 579€ |
| 1261 | Denial Company03314839 · Tuzi | <0.1% | 12,102€ | +59.2% | -8,636€ | -71.4% | 2 | — |
| 1262 | Dimple & Curly03557332 · Podgorica | <0.1% | 12,007€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,564€ | -54.7% | 1 | 639€ |
| 1263 | Goldstone Group03634272 · Budva | <0.1% | 11,855€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -51,927€ | -438.0% | 2 | 1,115€ |
| 1264 | Krivokapić MM03091821 · Nikšić | <0.1% | 11,833€ | -44.8% | -3,674€ | -31.0% | 1 | 399€ |
| 1265 | Subotić-Salonika Trade i Drugi02294079 · Herceg Novi | <0.1% | 11,796€ | +41.2% | 2,669€ | 22.6% | 2 | — |
| 1266 | Tomiano03783022 · Podgorica | <0.1% | 11,789€ | No filing for 2024. | -5,619€ | -47.7% | 8 | — |
| 1267 | Dolina Mira BP03775399 · Bijelo Polje | <0.1% | 11,753€ | No filing for 2024. | 120€ | 1.0% | 1 | 528€ |
| 1268 | Efem Gida Company03486257 · Budva | <0.1% | 11,493€ | +77.6% | 79€ | 0.7% | 1 | 676€ |
| 1269 | Del Porto Škver03130983 · Herceg Novi | <0.1% | 11,490€ | +4.2% | -5,138€ | -44.7% | 1 | 675€ |
| 1270 | Daphne03131025 · Podgorica | <0.1% | 11,475€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -396€ | -3.5% | 1 | 924€ |
| 1271 | MZ Pab03563545 · Podgorica | <0.1% | 11,320€ | -45.4% | -13,487€ | -119.1% | 2 | 650€ |
| 1272 | Bonasa03767124 · Podgorica | <0.1% | 11,074€ | No filing for 2024. | 618€ | 5.6% | 1 | 512€ |
| 1273 | Pruga03631583 · Podgorica | <0.1% | 10,921€ | -23.9% | -14,183€ | -129.9% | 2 | 749€ |
| 1274 | Morex Group03570649 · Podgorica | <0.1% | 10,907€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,498€ | -298.0% | 1 | 1,169€ |
| 1275 | Depo Gusto03796043 · Tivat | <0.1% | 10,600€ | No filing for 2024. | -20,076€ | -189.4% | 1 | 381€ |
| 1276 | Mint&Melissa03477835 · Budva | <0.1% | 10,552€ | +727.6% | 2,133€ | 20.2% | 1 | 677€ |
| 1277 | Dona Company02917114 · Podgorica | <0.1% | 10,483€ | -77.6% | -37,224€ | -355.1% | 1 | 989€ |
| 1278 | Drpljanin Co02780879 · Bar | <0.1% | 10,302€ | -71.7% | -8,290€ | -80.5% | 2 | 420€ |
| 1279 | Tufaj Company03347915 · Ulcinj | <0.1% | 10,299€ | -3.2% | -6,819€ | -66.2% | 1 | 676€ |
| 1280 | Kod Akija03730816 · Berane | <0.1% | 10,249€ | No filing for 2024. | -7,476€ | -72.9% | 2 | 579€ |
| 1281 | Esse03619885 · Budva | <0.1% | 9,854€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,280€ | -114.5% | 1 | 706€ |
| 1282 | Bella Rent Car03524914 · Bar | <0.1% | 9,820€ | +57.4% | -12,090€ | -123.1% | 2 | 670€ |
| 1283 | Blue Light&Co03139166 · Ulcinj | <0.1% | 9,779€ | +11.2% | -275€ | -2.8% | 2 | 352€ |
| 1284 | Blue Orange Company03633870 · Budva | <0.1% | 9,750€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22€ | 0.2% | 1 | 670€ |
| 1285 | Placer03042448 · Budva | <0.1% | 9,740€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,584€ | -57.3% | 1 | 718€ |
| 1286 | Vagon BP03717283 · Bijelo Polje | <0.1% | 9,712€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,413€ | -45.4% | 1 | 742€ |
| 1287 | The Garden M03672034 · Ulcinj | <0.1% | 9,462€ | +91.7% | -8,862€ | -93.7% | 1 | 741€ |
| 1288 | MDM Miličković03587541 · Podgorica | <0.1% | 9,390€ | -27.0% | -5,314€ | -56.6% | 3 | — |
| 1289 | Brajković Company03793516 · Herceg Novi | <0.1% | 9,107€ | No filing for 2024. | -6,468€ | -71.0% | 3 | — |
| 1290 | Ugomont02803089 · Nikšić | <0.1% | 9,054€ | +56.6% | 1,059€ | 11.7% | 1 | — |
| 1291 | Yuriip03465616 · Tivat | <0.1% | 8,949€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,637€ | -107.7% | 1 | 1,043€ |
| 1292 | Art & Dance Cafe03649776 · Tivat | <0.1% | 8,923€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -56,468€ | -632.8% | 3 | 1,015€ |
| 1293 | Kafanica Kod Skola03362566 · Bijelo Polje | <0.1% | 8,858€ | +35.1% | -5,405€ | -61.0% | 1 | 621€ |
| 1294 | Settimana03558428 · Tivat | <0.1% | 8,607€ | -95.3% | -21,183€ | -246.1% | 1 | 678€ |
| 1295 | Španjević03449513 · Žabljak | <0.1% | 8,517€ | +91.3% | -3,377€ | -39.7% | 1 | 677€ |
| 1296 | Karišik's Table03491862 · Podgorica | <0.1% | 8,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 399€ | 4.7% | 1 | 675€ |
| 1297 | Norbarlin Group03671291 · Budva | <0.1% | 8,438€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,814€ | -341.5% | 3 | 689€ |
| 1298 | K-Ivan03175219 · Bar | <0.1% | 8,356€ | -26.7% | -2,367€ | -28.3% | 2 | 394€ |
| 1299 | Park 1 Piceria03788903 · Tuzi | <0.1% | 8,316€ | No filing for 2024. | -3,183€ | -38.3% | 0 | — |
| 1300 | Atasel Group03537943 · Podgorica | <0.1% | 8,265€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46,379€ | -561.1% | 1 | 678€ |