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 1651–1700 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. |
| -6,750€ |
| — |
| 1 |
| 563€ |
| 1653 | YTT Group03749355 · Podgorica | 0.0% | 0€ | No filing for 2024. | -3,999€ | — | 1 | 333€ |
| 1654 | Pure Angel03035115 · Budva | 0.0% | 0€ | -100.0% | -5,946€ | — | 1 | 419€ |
| 1655 | Baltic Goruna03806022 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -633€ | — | 1 | — |
| 1656 | Fortalexshev03586596 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 1657 | Godo Mne03784657 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -1,213€ | — | 1 | — |
| 1658 | Karfagen03523128 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,400€ | — | 1 | 678€ |
| 1659 | Vex CO.02378906 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -50€ | — | 1 | — |
| 1660 | Aksios03334201 · Podgorica | 0.0% | 0€ | -100.0% | -19,987€ | — | 2 | 675€ |
| 1661 | Dolce Vita Lux03132064 · Podgorica | 0.0% | 0€ | -100.0% | -40,901€ | — | 2 | 678€ |
| 1662 | Dubai Investments03119904 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,462€ | — | 1 | — |
| 1663 | ND Bonaca03178307 · Kotor | 0.0% | 0€ | -100.0% | -23,083€ | — | 2 | 612€ |
| 1664 | Pipo VSBB02677415 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1665 | Solemar03018873 · Kotor | 0.0% | 0€ | -100.0% | -49,484€ | — | 1 | 1,320€ |
| 1666 | Zef's Centar02740320 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | — | — |
| 1667 | I.I.R02973189 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,224€ | — | 1 | — |
| 1668 | O&B Group03029581 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,382€ | — | 1 | 1,449€ |
| 1669 | Roll In03779793 · Bijelo Polje | 0.0% | 0€ | No filing for 2024. | -846€ | — | 1 | — |
| 1670 | Terrataste03804607 · Bijelo Polje | 0.0% | 0€ | No filing for 2024. | -743€ | — | 0 | — |
| 1671 | Adriatica Bu-203733939 · Budva | 0.0% | 0€ | No filing for 2024. | -2,670€ | — | 1 | — |
| 1672 | Antonioli03754847 · Budva | 0.0% | 0€ | No filing for 2024. | -11,508€ | — | 1 | 796€ |
| 1673 | Gomart03047261 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,264€ | — | 1 | 336€ |
| 1674 | Joker Group03749673 · Budva | 0.0% | 0€ | No filing for 2024. | -7,998€ | — | 1 | 581€ |
| 1675 | Kristifor03222101 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,166€ | — | 1 | 679€ |
| 1676 | Marshal03006085 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,248€ | — | 1 | 340€ |
| 1677 | MD Invest02821745 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,309€ | — | 2 | 678€ |
| 1678 | Prova Pržno03743837 · Budva | 0.0% | 0€ | No filing for 2024. | -7,407€ | — | 1 | 576€ |
| 1679 | Badanj 00703321711 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,278€ | — | 1 | 690€ |
| 1680 | Oliva Trade02460769 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,146€ | — | 1 | 335€ |
| 1681 | Nar Company02998025 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 1682 | Chilai03780546 · Rožaje | 0.0% | 0€ | No filing for 2024. | -2,123€ | — | 1 | — |
| 1683 | Tramonto Cafe03704491 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,093€ | — | 2 | 791€ |
| 1684 | Z&D03231810 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,022€ | — | 1 | — |
| 1685 | ZG03800512 · Podgorica | 0.0% | 0€ | No filing for 2024. | -827€ | — | 1 | — |
| 1686 | Zuzy03512401 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1687 | Dorian03099229 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 1688 | Double MM03810208 · Podgorica | 0.0% | 0€ | No filing for 2024. | -312€ | — | 2 | — |
| 1689 | Sweet Centar03395626 · Danilovgrad | 0.0% | 0€ | -100.0% | -4,357€ | — | 2 | — |
| 1690 | Lalur03111016 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,069€ | — | 1 | 339€ |
| 1691 | Boskolo03066835 · Danilovgrad | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,789€ | — | 1 | — |
| 1692 | Dolcezza03437230 · Kotor | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1693 | Feel World02791811 · Podgorica | 0.0% | 0€ | -100.0% | -8,781€ | — | 1 | 678€ |
| 1694 | Fit-Budva02431963 · Budva | 0.0% | 0€ | -100.0% | -830€ | — | — | — |
| 1695 | Globarević02374021 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1696 | Mareta02802651 · Kotor | 0.0% | 0€ | -100.0% | -25,454€ | — | 2 | 516€ |
| 1697 | Mig Group02925257 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,640€ | — | 3 | 584€ |
| 1698 | MY Space02458578 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,061€ | — | 1 | 338€ |
| 1699 | Natcom02455528 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,170€ | — | 1 | 675€ |
| 1700 | Ranex Company02313235 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |