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 1551–1600 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 filing for 2024. |
| -3,587€ |
| — |
| 1 |
| — |
| 1553 | K-Chicken03637468 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,883€ | — | 1 | 670€ |
| 1554 | Kitež Company03544281 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,239€ | — | 1 | 678€ |
| 1555 | Kolpakoff03440451 · Budva | 0.0% | 0€ | -100.0% | -9,865€ | — | 1 | 676€ |
| 1556 | Korab - E03200515 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,742€ | — | 1 | 670€ |
| 1557 | Kozomara02352265 · Herceg Novi | 0.0% | 0€ | -100.0% | -14,564€ | — | 1 | 932€ |
| 1558 | Lanas Trade03392759 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 1559 | La Via03215482 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1560 | Luža03810801 · Kotor | 0.0% | 0€ | No filing for 2024. | -96€ | — | 1 | — |
| 1561 | Madame Amore03805867 · Berane | 0.0% | 0€ | No filing for 2024. | -1,949€ | — | 1 | — |
| 1562 | Majestik Mne03746712 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -1€ | — | 1 | — |
| 1563 | Mala Moskva Co03357694 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,050€ | — | 1 | 338€ |
| 1564 | Mandarin May03776905 · Budva | 0.0% | 0€ | No filing for 2024. | -4,339€ | — | 2 | — |
| 1565 | Manik03185389 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,966€ | — | 1 | — |
| 1566 | Manilla03417611 · Bar | 0.0% | 0€ | -100.0% | -4,253€ | — | 3 | — |
| 1567 | Maraj Group03658139 · Ulcinj | 0.0% | 0€ | -100.0% | -5,125€ | — | 1 | 424€ |
| 1568 | Mariya03614964 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,145€ | — | 1 | 677€ |
| 1569 | Mavrounija 103602737 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,665€ | — | 1 | 676€ |
| 1570 | Memaks Group03655148 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1571 | Milpaj03571416 · Žabljak | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1572 | Miniš03472906 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1573 | Miun03714071 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,101€ | — | 1 | — |
| 1574 | M-Jaz03246124 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 674€ |
| 1575 | Modern Construction Energy03591301 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,523€ | — | 1 | 377€ |
| 1576 | Montecar Mne03521818 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,713€ | — | 1 | 309€ |
| 1577 | Monteregs03480372 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,899€ | — | 1 | 1,341€ |
| 1578 | Monteveda02648563 · Danilovgrad | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,241€ | — | 1 | — |
| 1579 | Morača-Vočje03380068 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,638€ | — | 1 | — |
| 1580 | More Denis03685691 · Ulcinj | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 1581 | Most Global03766861 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,601€ | — | 1 | 300€ |
| 1582 | Motel Gradina03085317 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,051€ | — | 1 | 338€ |
| 1583 | Nemya03729664 · Tivat | 0.0% | 0€ | No filing for 2024. | -9,113€ | — | 1 | 607€ |
| 1584 | Neo Markt Anna Mne03632393 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 677€ |
| 1585 | Next Wave Global03776140 · Budva | 0.0% | 0€ | No filing for 2024. | -4,092€ | — | 1 | 319€ |
| 1586 | Nida Group Montenegro03789632 · Budva | 0.0% | 0€ | No filing for 2024. | -1,564€ | — | 1 | — |
| 1587 | Nils Group03681866 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,542€ | — | 0 | — |
| 1588 | N&N Union03612902 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 1589 | Nova Monte03788946 · Budva | 0.0% | 0€ | No filing for 2024. | -2,377€ | — | 1 | — |
| 1590 | Novello03802434 · Nikšić | 0.0% | 0€ | No filing for 2024. | -1,904€ | — | 2 | — |
| 1591 | Novi Peterburg02945797 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1592 | Oblutak03131670 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,061€ | — | 1 | 338€ |
| 1593 | Ognjiste-Crnja03208664 · Rožaje | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1594 | Oldhunter03170136 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 1595 | Oner Group Mne03671780 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1596 | Osmefa03616916 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,138€ | — | 1 | 678€ |
| 1597 | Papito03450791 · Budva | 0.0% | 0€ | -100.0% | -16,852€ | — | 2 | 696€ |
| 1598 | Parma & Co03604519 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,081€ | — | 1 | — |
| 1599 | Pelinovo02829070 · Kotor | 0.0% | 0€ | -100.0% | -11,686€ | — | 1 | 677€ |
| 1600 | Ploviti Gastronomi03675602 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |