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 1351–1400 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% |
| 4,054€ |
| -29.0% |
| -3,431€ |
| -84.6% |
| 1 |
| 424€ |
| 1353 | Sweet Frame03601838 · Podgorica | <0.1% | 3,974€ | +36.3% | -10,382€ | -261.2% | 2 | — |
| 1354 | Bokun03308987 · Herceg Novi | <0.1% | 3,860€ | -72.5% | 101€ | 2.6% | 2 | — |
| 1355 | Fast Food Leone Kataro03478696 · Kotor | <0.1% | 3,769€ | -20.2% | -3,417€ | -90.7% | 1 | 339€ |
| 1356 | Finalmente03057593 · Berane | <0.1% | 3,721€ | -84.1% | -15,370€ | -413.1% | 2 | 675€ |
| 1357 | Ćela03738825 · Nikšić | <0.1% | 3,407€ | No filing for 2024. | -8,107€ | -238.0% | 3 | 320€ |
| 1358 | Perkl Company03787028 · Kotor | <0.1% | 3,372€ | No filing for 2024. | -1,133€ | -33.6% | 1 | — |
| 1359 | Zminac 403035140 · Bijelo Polje | <0.1% | 3,365€ | +19.1% | -5,193€ | -154.3% | 1 | 677€ |
| 1360 | Joy Neka03683788 · Tivat | <0.1% | 3,350€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,525€ | -254.5% | 2 | 480€ |
| 1361 | Venalis Group03254151 · Herceg Novi | <0.1% | 3,250€ | -34.3% | -5,532€ | -170.2% | 1 | 677€ |
| 1362 | Sonigor03796027 · Nikšić | <0.1% | 3,245€ | No filing for 2024. | 101€ | 3.1% | 3 | — |
| 1363 | Photo Stories 03103586936 · Herceg Novi | <0.1% | 3,207€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,054€ | -157.6% | 1 | 678€ |
| 1364 | Kca Trading03691969 · Tivat | <0.1% | 3,088€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,329€ | -172.6% | 1 | 678€ |
| 1365 | Friizer6903716643 · Herceg Novi | <0.1% | 3,024€ | No filing for 2024. | -13,272€ | -438.9% | 1 | 1,132€ |
| 1366 | The Royal Beach02982803 · Ulcinj | <0.1% | 2,965€ | -98.8% | -62,858€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 451€ |
| 1367 | Solidbase03778681 · Bar | <0.1% | 2,933€ | No filing for 2024. | -6,550€ | -223.3% | 2 | — |
| 1368 | Toljić02641895 · Budva | <0.1% | 2,841€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,910€ | -67.2% | 1 | 335€ |
| 1369 | SD Radmilica03597903 · Andrijevica | <0.1% | 2,801€ | +33.8% | -10,268€ | -366.6% | 1 | 962€ |
| 1370 | Fox Positive Tech03486087 · Herceg Novi | <0.1% | 2,600€ | +62.5% | -9,789€ | -376.5% | 1 | 927€ |
| 1371 | VMK Team03795632 · Bar | <0.1% | 2,585€ | No filing for 2024. | 96€ | 3.7% | 1 | — |
| 1372 | Etno Selo Vuković03503437 · Bijelo Polje | <0.1% | 2,404€ | -42.8% | -9,341€ | -388.6% | 1 | 508€ |
| 1373 | Tifran Dva03362582 · Berane | <0.1% | 2,324€ | -37.3% | -7,846€ | -337.6% | 1 | 670€ |
| 1374 | True Partners03572595 · Budva | <0.1% | 2,200€ | +2,144.9% | -7,097€ | -322.6% | 1 | 677€ |
| 1375 | WM Connect03727947 · Podgorica | <0.1% | 2,150€ | No filing for 2024. | 137€ | 6.4% | 1 | — |
| 1376 | Andrija 202503800407 · Bar | <0.1% | 2,000€ | No filing for 2024. | 1,223€ | 61.2% | 1 | — |
| 1377 | Monteamour03777677 · Bar | <0.1% | 1,959€ | No filing for 2024. | -7,162€ | -365.6% | 2 | — |
| 1378 | Kod Iva & Co03164799 · Budva | <0.1% | 1,932€ | -32.8% | -4,527€ | -234.3% | 1 | 337€ |
| 1379 | Save the Date03599493 · Podgorica | <0.1% | 1,900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,892€ | -520.6% | 1 | 912€ |
| 1380 | Besa ML03583392 · Tuzi | <0.1% | 1,666€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,087€ | -425.4% | 1 | 678€ |
| 1381 | Bamboni03229955 · Podgorica | <0.1% | 1,660€ | -67.7% | -4,159€ | -250.5% | 1 | 394€ |
| 1382 | Tara Spice03692671 · Kolašin | <0.1% | 1,628€ | +1,631.9% | -6,408€ | -393.6% | 1 | 436€ |
| 1383 | YLMZ Erbn03639410 · Budva | <0.1% | 1,560€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,992€ | -640.5% | 1 | 670€ |
| 1384 | Lets Toast03622533 · Podgorica | <0.1% | 1,553€ | +61.8% | -10,929€ | -703.7% | 1 | 922€ |
| 1385 | Tikhonov03291740 · Herceg Novi | <0.1% | 1,525€ | +54.5% | -7,739€ | -507.5% | 1 | 677€ |
| 1386 | Noras03609065 · Tivat | <0.1% | 1,521€ | -98.8% | -17,066€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,166€ |
| 1387 | Lovac-Sejo03288307 · Bijelo Polje | <0.1% | 1,508€ | -76.4% | -15,001€ | -994.8% | 2 | 675€ |
| 1388 | Roganović & Co Žak - Staki02306336 · Kotor | <0.1% | 1,500€ | +253.8% | -39,069€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 778€ |
| 1389 | Restoran Dobrina03355543 · Danilovgrad | <0.1% | 1,412€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,249€ | -867.5% | 2 | 504€ |
| 1390 | Baykonur03351335 · Bar | <0.1% | 1,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,739€ | -481.4% | 1 | 675€ |
| 1391 | Man02773694 · Budva | <0.1% | 1,288€ | -15.3% | -17,512€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 637€ |
| 1392 | Fasolka03396894 · Herceg Novi | <0.1% | 1,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,963€ | -663.6% | 1 | 678€ |
| 1393 | Atropatena03772918 · Budva | <0.1% | 1,192€ | No filing for 2024. | -12,278€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | — |
| 1394 | Riad Restaurant03297926 · Ulcinj | <0.1% | 1,128€ | -81.3% | -4,931€ | -437.1% | 1 | 340€ |
| 1395 | Town Center Group03590682 · Budva | <0.1% | 1,095€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,548€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 693€ |
| 1396 | Fundamentals03479820 · Herceg Novi | <0.1% | 965€ | -84.5% | -11,684€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 931€ |
| 1397 | Novidia03228053 · Budva | <0.1% | 933€ | -90.2% | -29,565€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 1398 | Seven Holidays03240282 · Budva | <0.1% | 900€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,683€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 928€ |
| 1399 | Kolektor Sacg03287335 · Podgorica | <0.1% | 900€ | -93.5% | -1,134€ | -126.0% | 1 | — |
| 1400 | Prixodite Zavtra03613054 · Herceg Novi | <0.1% | 800€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,124€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 680€ |