Revenue
462.55m€6.0× since 2015
36.1% of sector revenue
Walter BBQ Crna Gora1.83m€ → 2.93m€
+60.1%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 401–450 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% |
| 291,190€ |
| +1.2% |
| 1,098€ |
| 0.4% |
| 5 |
| 2,156€ |
| 403 | M&M-No2803047121 · Nikšić | <0.1% | 290,770€ | +14.2% | 17,502€ | 6.0% | 5 | 1,189€ |
| 404 | Roštilj Beli03032124 · Podgorica | <0.1% | 290,580€ | -0.2% | 9,754€ | 3.4% | 7 | 754€ |
| 405 | Monte Twins03636186 · Budva | <0.1% | 290,425€ | +601.3% | -53,018€ | -18.3% | 10 | 858€ |
| 406 | Sweet BO&MI03259072 · Herceg Novi | <0.1% | 290,076€ | +11.7% | 3,699€ | 1.3% | 10 | 735€ |
| 407 | As Saranda02896214 · Ulcinj | <0.1% | 289,738€ | +4.2% | 39,219€ | 13.5% | 8 | 577€ |
| 408 | La Dolce Vita Hospitality Group03527778 · Kotor | <0.1% | 289,588€ | -3.6% | 42,615€ | 14.7% | 6 | 980€ |
| 409 | Monaco Co02708710 · Budva | <0.1% | 289,583€ | +5.4% | 12,496€ | 4.3% | 6 | 767€ |
| 410 | Inter-Mar02896427 · Podgorica | <0.1% | 288,866€ | +17.5% | 12,371€ | 4.3% | 5 | 788€ |
| 411 | Final Touch03433595 · Podgorica | <0.1% | 288,529€ | -36.7% | -12,100€ | -4.2% | 12 | 566€ |
| 412 | Respect-S Mne03408558 · Budva | <0.1% | 288,413€ | +99.4% | 31,028€ | 10.8% | 11 | 655€ |
| 413 | Goga Steak03606066 · Ulcinj | <0.1% | 288,393€ | +30.4% | 57,497€ | 19.9% | 6 | 691€ |
| 414 | NN Relax02756951 · Budva | <0.1% | 288,132€ | +4.4% | 87,577€ | 30.4% | 8 | 783€ |
| 415 | Triumphe02647940 · Tivat | <0.1% | 287,714€ | +11.8% | 31,067€ | 10.8% | 9 | 949€ |
| 416 | Mijušković Company02330253 · Nikšić | <0.1% | 286,307€ | +2.2% | 24,449€ | 8.5% | 8 | 705€ |
| 417 | Noa It03603326 · Podgorica | <0.1% | 284,677€ | +16.5% | 15,326€ | 5.4% | 6 | 923€ |
| 418 | GJC Montenegro03551407 · Podgorica | <0.1% | 284,137€ | +34.3% | -41,278€ | -14.5% | 10 | 838€ |
| 419 | Misherri03245764 · Ulcinj | <0.1% | 283,947€ | +1.1% | -20,539€ | -7.2% | 7 | 845€ |
| 420 | Muranka03349586 · Budva | <0.1% | 282,203€ | +457.9% | 39,214€ | 13.9% | 7 | 674€ |
| 421 | Leod03261514 · Ulcinj | <0.1% | 281,525€ | +6.9% | 75,750€ | 26.9% | 30 | — |
| 422 | Petrami02972689 · Budva | <0.1% | 280,136€ | +15.7% | 475€ | 0.2% | 7 | 926€ |
| 423 | Admiral02075440 · Herceg Novi | <0.1% | 279,531€ | +5.1% | 2,153€ | 0.8% | 12 | 914€ |
| 424 | SKY RS03404684 · Budva | <0.1% | 278,379€ | -1.3% | 20,739€ | 7.4% | 12 | 664€ |
| 425 | Rejna03091732 · Ulcinj | <0.1% | 278,131€ | +10.1% | 2,477€ | 0.9% | 8 | 844€ |
| 426 | Elmurst03356868 · Nikšić | <0.1% | 278,044€ | +62.7% | 24,096€ | 8.7% | 6 | 739€ |
| 427 | Mondo Ivović02768399 · Herceg Novi | <0.1% | 277,940€ | -0.5% | 25,953€ | 9.3% | 3 | 1,619€ |
| 428 | Eho03720365 · Kotor | <0.1% | 276,111€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -99,064€ | -35.9% | 9 | 1,429€ |
| 429 | Lutovac Limited03071529 · Berane | <0.1% | 275,988€ | +58.7% | 73,191€ | 26.5% | 4 | 1,133€ |
| 430 | Dedivanaj03173534 · Tuzi | <0.1% | 275,967€ | +43.9% | 10,351€ | 3.8% | 7 | 874€ |
| 431 | Del Sol03358445 · Kotor | <0.1% | 274,103€ | +44.6% | 42,777€ | 15.6% | 3 | 2,129€ |
| 432 | Punta Mala03519929 · Budva | <0.1% | 271,711€ | -15.4% | -12,935€ | -4.8% | 7 | 874€ |
| 433 | Mirna Luka02461803 · Tivat | <0.1% | 269,998€ | -19.5% | 28,938€ | 10.7% | 7 | 842€ |
| 434 | Pronto A.A.A.03743349 · Kotor | <0.1% | 269,253€ | No filing for 2024. | 11,871€ | 4.4% | 10 | 457€ |
| 435 | Josephine03617378 · Podgorica | <0.1% | 267,953€ | +65.9% | 14,934€ | 5.6% | 6 | 1,455€ |
| 436 | Nonna Gigi HK03553515 · Podgorica | <0.1% | 267,754€ | +24.3% | 8,563€ | 3.2% | 6 | 1,569€ |
| 437 | Lo - Az03235866 · Ulcinj | <0.1% | 267,108€ | +108,040.9% | 31,546€ | 11.8% | 4 | 1,005€ |
| 438 | Tafi02429632 · Ulcinj | <0.1% | 266,848€ | +12.2% | 33,609€ | 12.6% | 5 | 631€ |
| 439 | Nova Varoš02670704 · Cetinje | <0.1% | 266,089€ | +2.5% | -11,367€ | -4.3% | 10 | 729€ |
| 440 | City J&J02976412 · Bijelo Polje | <0.1% | 262,580€ | +33.5% | 4,861€ | 1.9% | 10 | 892€ |
| 441 | Usluga Plus03418111 · Kotor | <0.1% | 262,322€ | -38.3% | -99,100€ | -37.8% | 1 | 1,321€ |
| 442 | Castellotrio03765873 · Ulcinj | <0.1% | 262,264€ | No filing for 2024. | 59,228€ | 22.6% | 0 | — |
| 443 | Odžaklija02635208 · Podgorica | <0.1% | 261,347€ | +25.0% | 19,548€ | 7.5% | 7 | 1,197€ |
| 444 | Papillon02779854 · Ulcinj | <0.1% | 261,218€ | +31.5% | -3,666€ | -1.4% | 8 | 743€ |
| 445 | Bakina Kuhinja03175588 · Tivat | <0.1% | 260,719€ | -7.5% | -34,547€ | -13.3% | 6 | 866€ |
| 446 | The Meating03351491 · Podgorica | <0.1% | 259,134€ | -17.5% | 9,993€ | 3.9% | 5 | 985€ |
| 447 | Aleks & Stef03079830 · Nikšić | <0.1% | 258,719€ | +14.2% | 7,743€ | 3.0% | 10 | 882€ |
| 448 | Msi & Co03166236 · Rožaje | <0.1% | 258,278€ | +8.4% | 4,639€ | 1.8% | 8 | 500€ |
| 449 | Porto Adriatic03039480 · Herceg Novi | <0.1% | 258,228€ | +9.8% | 7,759€ | 3.0% | 5 | 1,073€ |
| 450 | Mezzaluna02427389 · Herceg Novi | <0.1% | 255,408€ | -11.8% | 6,482€ | 2.5% | 3 | 2,128€ |