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 1501–1550 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. |
| -3,583€ |
| — |
| 1 |
| — |
| 1503 | Da Chevron03661628 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,264€ | — | 1 | 689€ |
| 1504 | Dado 0603130207 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,262€ | — | 1 | 338€ |
| 1505 | Dal Mare03516156 · Ulcinj | 0.0% | 0€ | -100.0% | -1€ | — | 1 | — |
| 1506 | Daviduna Trade03304299 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,373€ | — | 1 | 341€ |
| 1507 | Dekatera03384128 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,573€ | — | 1 | 339€ |
| 1508 | Đekić D&M Company02466970 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 1509 | Deli Food03732827 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,369€ | — | 1 | — |
| 1510 | Delizia02784939 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1511 | Digicraft03684539 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1512 | Dilsa03721752 · Podgorica | 0.0% | 0€ | No filing for 2024. | -4,154€ | — | 1 | 346€ |
| 1513 | Div-Green03395448 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,465€ | — | 2 | — |
| 1514 | Dogan Company03556514 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,142€ | — | 1 | — |
| 1515 | DRL Tech03520382 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,701€ | — | 1 | 675€ |
| 1516 | Durumind03779114 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,678€ | — | 1 | — |
| 1517 | Dute03801152 · Tivat | 0.0% | 0€ | No filing for 2024. | -1,353€ | — | 2 | — |
| 1518 | Dzintars03500578 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,021€ | — | 1 | 926€ |
| 1519 | El Mio Mondo03681521 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,781€ | — | 1 | — |
| 1520 | Endorphin03686396 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,219€ | — | 1 | 927€ |
| 1521 | Esum03762696 · Budva | 0.0% | 0€ | No filing for 2024. | -3,452€ | — | 1 | — |
| 1522 | Fast&Fresh03805379 · Mojkovac | 0.0% | 0€ | No filing for 2024. | -905€ | — | 1 | — |
| 1523 | Fishermen Mne03805549 · Kotor | 0.0% | 0€ | No filing for 2024. | -2,026€ | — | 1 | — |
| 1524 | Fishka Art03086674 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -901€ | — | 1 | — |
| 1525 | Food of Fire03660508 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1526 | Franko02997665 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 1527 | Freja 3503421376 · Kotor | 0.0% | 0€ | -100.0% | -31,527€ | — | 3 | 483€ |
| 1528 | Frekvencija03808360 · Podgorica | 0.0% | 0€ | No filing for 2024. | -99€ | — | 1 | — |
| 1529 | Getto Group03449858 · Ulcinj | 0.0% | 0€ | -100.0% | -9,177€ | — | 1 | 678€ |
| 1530 | Girozza03800482 · Zeta | 0.0% | 0€ | No filing for 2024. | -18€ | — | 0 | — |
| 1531 | Green Mne03013090 · Podgorica | 0.0% | 0€ | -100.0% | -1,537€ | — | 1 | — |
| 1532 | GYPSY03801527 · Budva | 0.0% | 0€ | No filing for 2024. | -1,878€ | — | 1 | — |
| 1533 | Halley03617416 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,534€ | — | 2 | 338€ |
| 1534 | Hawk Group03663205 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,116€ | — | 1 | 676€ |
| 1535 | HDC Montenegro03551369 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1536 | Health 2 Go03806103 · Bar | 0.0% | 0€ | No filing for 2024. | -589€ | — | 1 | — |
| 1537 | Herdaim Mudavim03468836 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1538 | Hermes KL03796868 · Kolašin | 0.0% | 0€ | No filing for 2024. | -1,341€ | — | 1 | — |
| 1539 | Hikmetoglu03537234 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1540 | HMK & Associates03014223 · Kotor | 0.0% | 0€ | -100.0% | -14,205€ | — | 1 | 1,020€ |
| 1541 | H&MK03299171 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1542 | I&I Brothers03797082 · Budva | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 1543 | Iliywka03788431 · Budva | 0.0% | 0€ | No filing for 2024. | -1,286€ | — | 1 | — |
| 1544 | Inci Montenegro03771733 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,767€ | — | 0 | — |
| 1545 | Inter Ami03775313 · Budva | 0.0% | 0€ | No filing for 2024. | -2,904€ | — | 1 | — |
| 1546 | Internacional Budva03001474 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1547 | Introyal03642844 · Podgorica | 0.0% | 0€ | No filing for 2024. | -12,567€ | — | 1 | 654€ |
| 1548 | Ipek Asli03776484 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -3,099€ | — | 1 | — |
| 1549 | Jago Company03795764 · Tivat | 0.0% | 0€ | No filing for 2024. | -2,088€ | — | 1 | — |
| 1550 | Julion Group03766870 · Budva | 0.0% | 0€ | No filing for 2024. | -4,498€ | — | 1 | 373€ |