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 201–250 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*
0.1% |
| 92,012€ |
| +1.7% |
| -34,639€ |
| -37.6% |
| 3 |
| 1,005€ |
| 203 | Lokanda03304655 · Podgorica | 0.1% | 91,473€ | -3.0% | -2,071€ | -2.3% | 1 | 2,153€ |
| 204 | 17M&P&M1903505901 · Danilovgrad | 0.1% | 91,435€ | +134.8% | 9,076€ | 9.9% | 2 | 1,097€ |
| 205 | Kutak Kafe03595226 · Podgorica | 0.1% | 90,738€ | +0.6% | -6,799€ | -7.5% | 3 | 1,489€ |
| 206 | Coyg03542335 · Nikšić | 0.1% | 90,466€ | +17.4% | -4,713€ | -5.2% | 3 | 922€ |
| 207 | Aleksandar - D03127966 · Kotor | 0.1% | 90,439€ | +3.5% | -21,807€ | -24.1% | 5 | 923€ |
| 208 | BB - Ribarevine02930030 · Bijelo Polje | 0.1% | 90,288€ | +205.9% | 14,014€ | 15.5% | 1 | 700€ |
| 209 | Evlogia02851342 · Podgorica | 0.1% | 90,206€ | +2.5% | 5,447€ | 6.0% | 3 | 722€ |
| 210 | Lubnice-Komerc02142503 · Berane | 0.1% | 89,462€ | +51.3% | 6,624€ | 7.4% | 2 | 679€ |
| 211 | Tondo02354446 · Herceg Novi | 0.1% | 89,251€ | +6.7% | 10,366€ | 11.6% | 3 | 1,012€ |
| 212 | Nijagara-0902850630 · Herceg Novi | 0.1% | 89,003€ | +1.5% | 8,635€ | 9.7% | 3 | 929€ |
| 213 | Mačaka&2203199304 · Nikšić | 0.1% | 88,987€ | +59.3% | -20,785€ | -23.4% | 7 | 552€ |
| 214 | Park Tri03081176 · Berane | 0.1% | 87,966€ | +26.6% | -21,529€ | -24.5% | 6 | 1,287€ |
| 215 | Duga02051036 · Rožaje | 0.1% | 87,540€ | +21.0% | 4,222€ | 4.8% | 4 | 601€ |
| 216 | Najbolji03315088 · Podgorica | 0.1% | 86,683€ | +7.6% | 31,500€ | 36.3% | 3 | — |
| 217 | Nenezić Star03151735 · Bar | 0.1% | 85,952€ | -4.0% | -8,975€ | -10.4% | 3 | 1,056€ |
| 218 | MVP Klub03020347 · Kolašin | 0.1% | 85,898€ | +101.7% | -21,921€ | -25.5% | 3 | 813€ |
| 219 | Simba Mne03743560 · Podgorica | <0.1% | 84,160€ | No filing for 2024. | 13,946€ | 16.6% | 1 | 1,751€ |
| 220 | MB Investment03121267 · Podgorica | <0.1% | 84,000€ | +3.7% | 41,261€ | 49.1% | 1 | 375€ |
| 221 | In Medias Res02930609 · Bar | <0.1% | 83,046€ | -58.1% | -19,344€ | -23.3% | 4 | 609€ |
| 222 | Maxinvest03172554 · Podgorica | <0.1% | 83,027€ | -30.0% | 4,642€ | 5.6% | 4 | 749€ |
| 223 | System Duklja Kerber02338076 · Podgorica | <0.1% | 82,462€ | -20.0% | -20,054€ | -24.3% | 3 | 621€ |
| 224 | Tsu03153401 · Podgorica | <0.1% | 82,281€ | -9.6% | 11,473€ | 13.9% | 2 | 1,035€ |
| 225 | Region 603335879 · Bijelo Polje | <0.1% | 82,206€ | +1.8% | -10,195€ | -12.4% | 5 | 893€ |
| 226 | Evropa Lux03120422 · Berane | <0.1% | 81,758€ | -57.8% | -12,796€ | -15.7% | 4 | 1,224€ |
| 227 | Mali TRG03641643 · Podgorica | <0.1% | 81,082€ | +34.0% | 1,969€ | 2.4% | 3 | 450€ |
| 228 | Temza Group03471918 · Podgorica | <0.1% | 79,637€ | -61.5% | -32,293€ | -40.6% | 5 | 571€ |
| 229 | MDP Sport03629937 · Nikšić | <0.1% | 79,255€ | +54.0% | 7,489€ | 9.4% | 3 | 576€ |
| 230 | Društvance03070441 · Bar | <0.1% | 78,753€ | +10.5% | 3,043€ | 3.9% | 4 | 647€ |
| 231 | Tara Bar02792567 · Bijelo Polje | <0.1% | 76,264€ | +10.3% | -8,137€ | -10.7% | 4 | 903€ |
| 232 | Rino Company03687201 · Podgorica | <0.1% | 76,132€ | +204.4% | -2,272€ | -3.0% | 2 | 865€ |
| 233 | Las Vegas03475808 · Podgorica | <0.1% | 75,588€ | -0.4% | 3,627€ | 4.8% | 2 | 816€ |
| 234 | Milenijum JM02413507 · Pljevlja | <0.1% | 75,201€ | -4.8% | -15,785€ | -21.0% | 5 | 478€ |
| 235 | Te & Be03432297 · Budva | <0.1% | 75,001€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,919€ | 10.6% | 3 | 598€ |
| 236 | Daily Caffeine03690504 · Podgorica | <0.1% | 74,799€ | +182.9% | -1,469€ | -2.0% | 3 | 580€ |
| 237 | Ravni KRŠ - Co03304744 · Berane | <0.1% | 74,492€ | +41.0% | 1,000€ | 1.3% | 2 | 2,544€ |
| 238 | ZR03296504 · Berane | <0.1% | 73,686€ | +3.6% | -3,181€ | -4.3% | 5 | 806€ |
| 239 | Hanos03031357 · Podgorica | <0.1% | 72,747€ | +12.9% | 4,229€ | 5.8% | 2 | 669€ |
| 240 | Melograno03626563 · Tivat | <0.1% | 71,819€ | +215.5% | -3,550€ | -4.9% | 2 | 911€ |
| 241 | Rakija Shop03318826 · Podgorica | <0.1% | 69,226€ | +20.3% | 702€ | 1.0% | 2 | 392€ |
| 242 | Tag Pub03234886 · Berane | <0.1% | 68,762€ | +152.3% | -15,010€ | -21.8% | 4 | 1,088€ |
| 243 | Burzo Company03709833 · Podgorica | <0.1% | 67,795€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -280€ | -0.4% | 2 | 480€ |
| 244 | Karadžić03148980 · Danilovgrad | <0.1% | 67,103€ | +24.6% | -1,019€ | -1.5% | 3 | 677€ |
| 245 | Follow Montenegro03112896 · Berane | <0.1% | 67,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,416€ | -26.0% | 5 | 965€ |
| 246 | Tiki Bar03749401 · Nikšić | <0.1% | 66,552€ | No filing for 2024. | 5,569€ | 8.4% | 4 | 452€ |
| 247 | Fermentor03604349 · Podgorica | <0.1% | 66,281€ | +100.4% | 10,452€ | 15.8% | 2 | 1,073€ |
| 248 | BMS Vujović03271846 · Podgorica | <0.1% | 66,000€ | +7.0% | -7,702€ | -11.7% | 3 | 901€ |
| 249 | MN Radusinović03079309 · Podgorica | <0.1% | 65,800€ | +4.3% | -385€ | -0.6% | 3 | 661€ |
| 250 | Kacel03522997 · Tuzi | <0.1% | 65,181€ | -2.1% | 1,490€ | 2.3% | 3 | 655€ |