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 201–250 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% |
| 556,834€ |
| -4.0% |
| 17,913€ |
| 3.2% |
| 14 |
| 1,169€ |
| 203 | SZ Company03643697 · Budva | 0.1% | 556,566€ | +189.9% | 91,886€ | 16.5% | 7 | 1,592€ |
| 204 | Bocazur03273385 · Kotor | 0.1% | 551,135€ | +17.7% | 7,025€ | 1.3% | 7 | 1,931€ |
| 205 | Stara Krčma-Božović03093581 · Bijelo Polje | 0.1% | 549,959€ | +22.1% | 52,412€ | 9.5% | 13 | 738€ |
| 206 | Konoba Akustik 110403356531 · Kotor | 0.1% | 548,030€ | +41.9% | 53,238€ | 9.7% | 5 | 729€ |
| 207 | Braća Magud Plus03305295 · Kotor | 0.1% | 547,234€ | -15.5% | 48,195€ | 8.8% | 13 | 1,270€ |
| 208 | No Limit Co02361973 · Cetinje | 0.1% | 544,733€ | -23.1% | 29,784€ | 5.5% | 10 | 668€ |
| 209 | Antonio Mne03401073 · Podgorica | 0.1% | 544,680€ | +56.3% | 12,843€ | 2.4% | 10 | 1,467€ |
| 210 | M Irena02370182 · Budva | 0.1% | 539,811€ | +22.7% | 55,055€ | 10.2% | 12 | 849€ |
| 211 | Handiwork JM03694216 · Podgorica | 0.1% | 539,507€ | No filing for 2024. | 95,645€ | 17.7% | 15 | 935€ |
| 212 | Mirišta02979519 · Herceg Novi | 0.1% | 538,798€ | -10.2% | 147,838€ | 27.4% | 7 | 1,315€ |
| 213 | Pepe Nero03411508 · Kotor | 0.1% | 535,906€ | +14.7% | 73,300€ | 13.7% | 9 | 1,406€ |
| 214 | Fortuna ŠR03345904 · Podgorica | 0.1% | 535,681€ | -20.1% | 26,182€ | 4.9% | 16 | 590€ |
| 215 | Isd02844273 · Herceg Novi | 0.1% | 530,306€ | +5.9% | -6,642€ | -1.3% | 16 | 575€ |
| 216 | Me Gusta03125076 · Podgorica | 0.1% | 523,126€ | +77.4% | 18,161€ | 3.5% | 5 | 451€ |
| 217 | Extra Plann Božović02312808 · Herceg Novi | 0.1% | 522,954€ | +19.7% | 4,438€ | 0.8% | 8 | 995€ |
| 218 | Agape Group03699072 · Tivat | 0.1% | 521,694€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -81,453€ | -15.6% | 1 | 13,884€ |
| 219 | Casa03041395 · Herceg Novi | 0.1% | 519,255€ | +9.7% | 81,731€ | 15.7% | 6 | 1,132€ |
| 220 | Auto Centar Spuž03290719 · Danilovgrad | 0.1% | 518,860€ | +24.1% | 18,779€ | 3.6% | 15 | 955€ |
| 221 | Core03427021 · Podgorica | 0.1% | 517,466€ | +29.0% | -737€ | -0.1% | 15 | 1,069€ |
| 222 | Dravla - Trade02431459 · Budva | 0.1% | 515,830€ | +36.4% | 27,098€ | 5.3% | 17 | 814€ |
| 223 | Džo03066304 · Kotor | 0.1% | 514,690€ | +18.2% | 32,670€ | 6.3% | 9 | 1,143€ |
| 224 | Mare Nostrum02231603 · Herceg Novi | 0.1% | 511,899€ | +2.1% | 93,814€ | 18.3% | 3 | 6,039€ |
| 225 | Jamie's Italian Mne03704335 · Tivat | 0.1% | 511,638€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -257,635€ | -50.4% | 13 | 2,411€ |
| 226 | Zom Montenegro03373894 · Cetinje | 0.1% | 510,436€ | +266.9% | 26,742€ | 5.2% | 10 | 2,154€ |
| 227 | Monte Dream03368882 · Budva | 0.1% | 507,427€ | +8.3% | 6,294€ | 1.2% | 13 | 1,180€ |
| 228 | P.S. Company02672774 · Budva | 0.1% | 507,233€ | -24.7% | 42,622€ | 8.4% | 12 | 823€ |
| 229 | Grota02454262 · Kotor | 0.1% | 505,906€ | +14.1% | 55,030€ | 10.9% | 8 | 2,229€ |
| 230 | Braća Kolović03254003 · Bar | 0.1% | 500,568€ | +81.1% | -41,395€ | -8.3% | 6 | 2,365€ |
| 231 | Lobelia02151901 · Herceg Novi | 0.1% | 499,786€ | +8.4% | 12,944€ | 2.6% | 4 | 4,149€ |
| 232 | Al-Om Group03330184 · Bijelo Polje | 0.1% | 497,367€ | +44.8% | 39,725€ | 8.0% | 6 | 808€ |
| 233 | Spaghetti03286142 · Podgorica | 0.1% | 495,995€ | -5.1% | -65,106€ | -13.1% | 20 | 936€ |
| 234 | The Bridge03223507 · Podgorica | 0.1% | 495,976€ | -4.4% | 23,592€ | 4.8% | 10 | 1,058€ |
| 235 | Marić Company02354870 · Herceg Novi | 0.1% | 494,992€ | -6.8% | 40,214€ | 8.1% | 7 | 1,444€ |
| 236 | Stadio03211932 · Podgorica | 0.1% | 492,271€ | +27.5% | 52,984€ | 10.8% | 8 | 828€ |
| 237 | People's Company02380439 · Herceg Novi | 0.1% | 488,371€ | -6.9% | 8,041€ | 1.6% | 8 | 479€ |
| 238 | Sasso Verde03660419 · Budva | 0.1% | 476,836€ | +68.3% | -142,075€ | -29.8% | 15 | 1,129€ |
| 239 | Well Corporation03549348 · Ulcinj | 0.1% | 476,035€ | +256.2% | 1,250€ | 0.3% | 8 | 337€ |
| 240 | Ćetković-ĆPL02849135 · Podgorica | 0.1% | 475,801€ | +34.7% | 41,712€ | 8.8% | 10 | 1,035€ |
| 241 | Lungo Mare Montenegro03174751 · Budva | 0.1% | 474,597€ | -12.9% | 12,178€ | 2.6% | 12 | 755€ |
| 242 | Aquariva03136418 · Budva | 0.1% | 474,564€ | -41.4% | -8,051€ | -1.7% | 12 | 523€ |
| 243 | Le - Mag03069583 · Bar | 0.1% | 472,738€ | -6.9% | 22,995€ | 4.9% | 13 | 1,114€ |
| 244 | Nacional03163717 · Kolašin | 0.1% | 470,464€ | +14.3% | 75,755€ | 16.1% | 8 | 977€ |
| 245 | Tartufo03531309 · Kotor | 0.1% | 468,698€ | +47.3% | 90,515€ | 19.3% | 4 | 711€ |
| 246 | Doc Holliday03667553 · Podgorica | 0.1% | 468,332€ | +209.2% | 62,311€ | 13.3% | 12 | 548€ |
| 247 | Abrum Company03412601 · Kotor | 0.1% | 468,065€ | +4.2% | 94,235€ | 20.1% | 11 | 1,228€ |
| 248 | Miami02468280 · Ulcinj | 0.1% | 465,957€ | +10.5% | 59,882€ | 12.9% | 2 | 2,118€ |
| 249 | Korkovado L Ivanović02883295 · Budva | 0.1% | 465,545€ | -6.8% | 369€ | 0.1% | 9 | 1,153€ |
| 250 | Novi Bife Beograd03229831 · Herceg Novi | <0.1% | 462,203€ | -9.0% | -20,970€ | -4.5% | 16 | 690€ |