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 1451–1500 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*
0.0% |
| 0€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -2,036€ |
| — |
| 1 |
| — |
| 1453 | Cafe Atlas03483690 · Podgorica | 0.0% | 0€ | -100.0% | -17,089€ | — | 2 | — |
| 1454 | Can Ece Group03778134 · Budva | 0.0% | 0€ | No filing for 2024. | -2,342€ | — | 1 | — |
| 1455 | Coffee Charlie03729109 · Budva | 0.0% | 0€ | No filing for 2024. | -6,765€ | — | 0 | — |
| 1456 | Condor02317389 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,414€ | — | 1 | 701€ |
| 1457 | Croque03810429 · Podgorica | 0.0% | 0€ | No filing for 2024. | -39€ | — | 1 | — |
| 1458 | Da Gigino03541134 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,025€ | — | 1 | — |
| 1459 | Daily Dose Ice and Coffee03585115 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,087€ | — | 1 | 924€ |
| 1460 | Đaka03708314 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,233€ | — | 1 | 678€ |
| 1461 | Roychamp Trading LLC02433214 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,334€ | — | 1 | 677€ |
| 1462 | Divasdy03587649 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1463 | Dolce Di Cattaro03808653 · Kotor | 0.0% | 0€ | No filing for 2024. | -277€ | — | 1 | — |
| 1464 | Dona Events03626296 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,856€ | — | 1 | — |
| 1465 | 2P03760227 · Cetinje | 0.0% | 0€ | No filing for 2024. | -4,859€ | — | 0 | — |
| 1466 | Abt Group03681815 · Budva | 0.0% | 0€ | No filing for 2024. | -10,466€ | — | 1 | 774€ |
| 1467 | Adč 202403766837 · Žabljak | 0.0% | 0€ | No filing for 2024. | -4,516€ | — | 1 | 366€ |
| 1468 | Adria Eos02959119 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -967€ | — | 1 | — |
| 1469 | Adsan International03520463 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1470 | Akf Group03494578 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,536€ | — | 4 | 597€ |
| 1471 | Akgul Montenegro03792382 · Budva | 0.0% | 0€ | No filing for 2024. | -2,209€ | — | 2 | — |
| 1472 | Allegra Ogi03039919 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,327€ | — | 1 | 760€ |
| 1473 | Allsade03807355 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -676€ | — | 1 | — |
| 1474 | Alsabe03773396 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -4,464€ | — | 1 | 324€ |
| 1475 | Antey Company03483037 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1476 | Aqua Invest 1303689824 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,447€ | — | 1 | 670€ |
| 1477 | A&R Coffee03583864 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,121€ | — | 1 | 675€ |
| 1478 | Arelina03232590 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1479 | Atelje Hasić03758273 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -263€ | — | 1 | — |
| 1480 | Baikal Siberia03467791 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,783€ | — | 4 | 678€ |
| 1481 | Balance Mne03768945 · Budva | 0.0% | 0€ | No filing for 2024. | -3,323€ | — | 1 | — |
| 1482 | Beats&Bites03729150 · Podgorica | 0.0% | 0€ | No filing for 2024. | -16,129€ | — | 2 | 671€ |
| 1483 | Beli i Aleksej03802558 · Berane | 0.0% | 0€ | No filing for 2024. | -918€ | — | 1 | — |
| 1484 | Beneficijum03265455 · Podgorica | 0.0% | 0€ | -100.0% | -2,030€ | — | 1 | — |
| 1485 | Best Little03584925 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,578€ | — | 1 | 338€ |
| 1486 | BMW03236277 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1487 | Bobyrev Group03650502 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,993€ | — | 1 | 916€ |
| 1488 | Bogota03605809 · Herceg Novi | 0.0% | 0€ | -100.0% | -546€ | — | 1 | — |
| 1489 | Boras03680312 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,112€ | — | 1 | 678€ |
| 1490 | Bosu03694542 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1491 | Brooklyn Trade03532216 · Kotor | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1492 | Bte Company03523349 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,375€ | — | 1 | — |
| 1493 | Cano Mne03509052 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1494 | Capelino03695662 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1495 | Casa Mia02937506 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,815€ | — | 1 | 677€ |
| 1496 | Coffee Consulate03351513 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1497 | Cona Jazz03636976 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,130€ | — | 1 | 2,505€ |
| 1498 | Crab Tourism03640876 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1499 | Craft & Enjoy03782549 · Budva | 0.0% | 0€ | No filing for 2024. | -3,559€ | — | 2 | — |
| 1500 | Crown Company03501400 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,207€ | — | 1 | 677€ |