Revenue
6.7% of sector revenue
629 companies earned 85.37m€ in 2025, 6.7% of Hospitality sector revenue. Revenue has grown 3.6× since 2015.
6.7% of sector revenue
190 with at most one employee
Largest employer: Filan Company (95)
Median company 0.2% · 44% 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 101–150 of 629
* 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 137 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 | 23,942,808€ | 357 |
| 2016 | 31,596,816€ | 426 |
| 2017 | 33,366,438€ | 475 |
| 2018 | 40,283,019€ | 536 |
| 2019 | 41,887,448€ | 579 |
| 2020 | 26,656,613€ | 612 |
| 2021 | 42,484,409€ | 627 |
| 2022 | 62,477,943€ | 664 |
| 2023 | 76,297,691€ | 664 |
| 2024 | 79,971,326€ | 655 |
| 2025 (Preliminary) | 85,370,487€ | 629 |
Employees and payroll cost per employee per month*
0.2% |
| 204,991€ |
| +14.0% |
| 35,025€ |
| 17.1% |
| 4 |
| 1,214€ |
| 103 | Babuška03110192 · Podgorica | 0.2% | 203,292€ | +100.0% | 4,525€ | 2.2% | 3 | 1,366€ |
| 104 | Biblioteka Kod Kuma03178609 · Bijelo Polje | 0.2% | 201,202€ | +25.9% | 15,667€ | 7.8% | 7 | 749€ |
| 105 | Big 3 Group03495159 · Podgorica | 0.2% | 200,414€ | +42.2% | 4,085€ | 2.0% | 9 | 1,169€ |
| 106 | Helium03383067 · Podgorica | 0.2% | 194,885€ | +96.9% | 23,077€ | 11.8% | 5 | 782€ |
| 107 | Kiwi03445356 · Podgorica | 0.2% | 192,906€ | +6.6% | 20,753€ | 10.8% | 7 | 640€ |
| 108 | Z&Z Apolon02976439 · Pljevlja | 0.2% | 192,886€ | +41.2% | 28,623€ | 14.8% | 5 | 804€ |
| 109 | Makkila03360580 · Podgorica | 0.2% | 191,731€ | +82.6% | 41,597€ | 21.7% | 4 | 786€ |
| 110 | Trotters Brothers03208141 · Budva | 0.2% | 191,462€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,130€ | -13.1% | 5 | 492€ |
| 111 | Oktoberfest03173470 · Nikšić | 0.2% | 190,234€ | +27.9% | 15,360€ | 8.1% | 7 | 670€ |
| 112 | Scusi-ŽB03040925 · Žabljak | 0.2% | 189,819€ | +47.4% | 20,589€ | 10.8% | 4 | 629€ |
| 113 | 3L Company03188175 · Bar | 0.2% | 189,117€ | +35.6% | 5,123€ | 2.7% | 4 | 1,091€ |
| 114 | Opax Mne03005682 · Cetinje | 0.2% | 187,489€ | +43.6% | 3,324€ | 1.8% | 2 | 987€ |
| 115 | Questo - Quello02786087 · Bar | 0.2% | 184,055€ | +0.7% | 7,315€ | 4.0% | 2 | 623€ |
| 116 | Šaraba02108011 · Herceg Novi | 0.2% | 183,877€ | -1.5% | 3,014€ | 1.6% | 8 | 1,019€ |
| 117 | Adrialukas03353338 · Budva | 0.2% | 183,431€ | -18.0% | 35,850€ | 19.5% | 4 | 900€ |
| 118 | Carlo M03382281 · Berane | 0.2% | 182,938€ | -0.1% | -9,836€ | -5.4% | 10 | 577€ |
| 119 | VUK&CO.LTD02833026 · Berane | 0.2% | 182,095€ | +8.4% | 5,077€ | 2.8% | 7 | 913€ |
| 120 | Elementgroup03430812 · Bar | 0.2% | 182,023€ | +41.9% | 3,073€ | 1.7% | 7 | 629€ |
| 121 | Salon Prive Bar03352706 · Tivat | 0.2% | 181,012€ | +33.8% | 18,542€ | 10.2% | 4 | 727€ |
| 122 | Stari Grad 198403559530 · Bijelo Polje | 0.2% | 176,010€ | -1.6% | 333€ | 0.2% | 12 | 348€ |
| 123 | Peace03398749 · Podgorica | 0.2% | 172,158€ | +2.9% | 5,090€ | 3.0% | 8 | 680€ |
| 124 | K.O. Montenegro02446740 · Podgorica | 0.2% | 170,443€ | +20.0% | 1,616€ | 0.9% | 7 | 756€ |
| 125 | Votra03418502 · Podgorica | 0.2% | 170,090€ | +116.7% | 15,431€ | 9.1% | 2 | 970€ |
| 126 | Delishes03258220 · Podgorica | 0.2% | 169,128€ | +5.6% | 767€ | 0.5% | 1 | 1,050€ |
| 127 | Tajson02456249 · Rožaje | 0.2% | 167,109€ | +2,288.6% | 41,251€ | 24.7% | 0 | — |
| 128 | Marks03301087 · Berane | 0.2% | 166,569€ | -1.7% | -7,189€ | -4.3% | 5 | 1,281€ |
| 129 | Šaltić Company02323834 · Bar | 0.2% | 164,662€ | +63.5% | 17,622€ | 10.7% | 4 | 675€ |
| 130 | Mi Kasa02728907 · Herceg Novi | 0.2% | 164,369€ | +15.7% | 13,291€ | 8.1% | 3 | 857€ |
| 131 | Palmera03362426 · Bar | 0.2% | 164,084€ | -9.2% | -3,365€ | -2.1% | 4 | 621€ |
| 132 | Lok Services03485684 · Podgorica | 0.2% | 163,747€ | +1,803.8% | -7,944€ | -4.9% | 3 | — |
| 133 | Bristol02102498 · Herceg Novi | 0.2% | 161,547€ | +10.4% | 33,472€ | 20.7% | 6 | 589€ |
| 134 | The Movement03321665 · Pljevlja | 0.2% | 161,233€ | -2.3% | -3,628€ | -2.3% | 6 | 875€ |
| 135 | Turističko Sportski Centar Krupac03188051 · Nikšić | 0.2% | 160,260€ | -35.2% | -8,300€ | -5.2% | 8 | 596€ |
| 136 | Kršic02753278 · Budva | 0.2% | 159,731€ | -22.1% | -6,019€ | -3.8% | 7 | 923€ |
| 137 | Strong02757494 · Nikšić | 0.2% | 158,136€ | -6.9% | 1,791€ | 1.1% | 5 | 886€ |
| 138 | Pub Vision03664945 · Nikšić | 0.2% | 157,583€ | +819.2% | 17,322€ | 11.0% | 10 | 405€ |
| 139 | Fortaleze Beach03313905 · Tivat | 0.2% | 157,180€ | +9.3% | 26,714€ | 17.0% | 3 | 828€ |
| 140 | Phoenx Trade03043525 · Podgorica | 0.2% | 156,311€ | +31.5% | 12,865€ | 8.2% | 2 | 691€ |
| 141 | Nizg Co03619583 · Bar | 0.2% | 155,498€ | +10.9% | 5,834€ | 3.8% | 6 | 1,072€ |
| 142 | Medun Company03717852 · Podgorica | 0.2% | 154,564€ | No filing for 2024. | 406€ | 0.3% | 3 | 613€ |
| 143 | Letrika 42703342212 · Kotor | 0.2% | 152,628€ | +28.7% | 25,799€ | 16.9% | 5 | 490€ |
| 144 | Balkan Group02764431 · Kolašin | 0.2% | 151,199€ | +214.4% | 36,111€ | 23.9% | 6 | 716€ |
| 145 | Zicer03197298 · Herceg Novi | 0.2% | 150,282€ | +28.4% | -16,929€ | -11.3% | 4 | 749€ |
| 146 | Network Pub03248143 · Podgorica | 0.2% | 149,262€ | +19.3% | 37,534€ | 25.1% | 3 | 769€ |
| 147 | Salute03336271 · Berane | 0.2% | 147,828€ | -2.3% | 47,908€ | 32.4% | 3 | 1,512€ |
| 148 | Shamrock Pub03036537 · Podgorica | 0.2% | 146,989€ | +77.8% | 24,674€ | 16.8% | 3 | 724€ |
| 149 | Cuba Siempre03752275 · Budva | 0.2% | 145,213€ | No filing for 2024. | 28,694€ | 19.8% | 0 | — |
| 150 | Copy&Book House02867141 · Nikšić | 0.2% | 144,083€ | +15.8% | 10,423€ | 7.2% | 6 | 769€ |