Revenue
0.7% of sector revenue
131 companies earned 8.87m€ in 2025, 0.7% of Hospitality sector revenue. Revenue has grown 2.5× since 2015.
0.7% of sector revenue
92 with at most one employee
Largest employer: Beograd (31)
Median company 3.9% · 32% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Ranked by total revenue · Showing 51–100 of 131
* 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 8 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 | 3,574,016€ | 50 |
| 2016 | 4,353,170€ | 52 |
| 2017 | 4,355,155€ | 56 |
| 2018 | 4,240,876€ | 58 |
| 2019 | 4,841,623€ | 63 |
| 2020 | 2,005,547€ | 68 |
| 2021 | 4,648,866€ | 78 |
| 2022 | 5,587,851€ | 104 |
| 2023 | 6,685,748€ | 127 |
| 2024 | 8,369,684€ | 129 |
| 2025 (Preliminary) | 8,872,195€ | 131 |
The number of companies jumped most in 2022: from 78 to 104.
0.2% |
| 17,901€ |
| -4.4% |
| 394€ |
| 2.2% |
| 1 |
| 696€ |
| 53 | Impal03531830 · Bar | 0.2% | 14,005€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,229€ | 37.3% | 1 | 677€ |
| 54 | T - Aimee03548775 · Bar | 0.1% | 12,811€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,877€ | 38.1% | 1 | 621€ |
| 55 | Flatberry03498468 · Herceg Novi | 0.1% | 12,738€ | +78.9% | 856€ | 6.7% | 1 | 929€ |
| 56 | Sunset Apartments03612155 · Ulcinj | 0.1% | 11,947€ | +9.6% | -2,943€ | -24.6% | 1 | 1,221€ |
| 57 | Pebro - Mne03403700 · Bar | 0.1% | 9,600€ | 0.0% | -102€ | -1.1% | 1 | 678€ |
| 58 | Ponimonte03689476 · Bar | 0.1% | 9,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 299€ | 3.1% | 1 | 678€ |
| 59 | VTC03471705 · Herceg Novi | 0.1% | 9,450€ | -29.8% | -9,037€ | -95.6% | 1 | 1,176€ |
| 60 | Olea Monte03502252 · Bar | 0.1% | 8,918€ | +120.1% | 162€ | 1.8% | 1 | 678€ |
| 61 | Brezanski Lug03559670 · Nikšić | <0.1% | 8,150€ | +636.9% | -1,932€ | -23.7% | 1 | 812€ |
| 62 | Simeun 97603666956 · Zeta | <0.1% | 7,986€ | +161.2% | -21,887€ | -274.1% | 3 | 827€ |
| 63 | Imagnvoy03408795 · Bar | <0.1% | 7,800€ | +13.0% | -542€ | -6.9% | 1 | 677€ |
| 64 | Athos Real Estate and Apartments02676923 · Podgorica | <0.1% | 5,286€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,265€ | -156.4% | 1 | — |
| 65 | Relogos03421813 · Bar | <0.1% | 4,180€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,268€ | -102.1% | 1 | 678€ |
| 66 | Petra Damira03492206 · Budva | <0.1% | 4,075€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,638€ | -162.9% | 1 | 700€ |
| 67 | Popović Estate03470687 · Kolašin | <0.1% | 3,593€ | -66.8% | -13,437€ | -374.0% | 2 | 337€ |
| 68 | Riox02665280 · Bar | <0.1% | 2,400€ | +50.0% | 214€ | 8.9% | 1 | — |
| 69 | Kazak02864207 · Bar | <0.1% | 2,150€ | +79.2% | -9,859€ | -458.6% | 1 | 737€ |
| 70 | Lignum03434125 · Podgorica | <0.1% | 1,400€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,958€ | -211.3% | 1 | 338€ |
| 71 | Lakoca03474623 · Bar | <0.1% | 1,000€ | +400.0% | -8,361€ | -836.1% | 1 | 678€ |
| 72 | Nik & Ell03263002 · Bar | <0.1% | 660€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,060€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 678€ |
| 73 | Advancement Holding03645924 · Bar | <0.1% | 1€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,191€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 677€ |
| 74 | Abelis03708560 · Bar | 0.0% | 0€ | No filing for 2024. | -4,455€ | — | 1 | 371€ |
| 75 | Basiplant03551385 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,186€ | — | 1 | 677€ |
| 76 | Benko03600955 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,369€ | — | 1 | 678€ |
| 77 | Bermonte Invest03670996 · Bar | 0.0% | 0€ | No filing for 2024. | -4,594€ | — | 1 | 383€ |
| 78 | Borikon02696878 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,012€ | — | 1 | — |
| 79 | Breitenhill203468119 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,236€ | — | 1 | 678€ |
| 80 | Čanj02641950 · Bar | 0.0% | 0€ | -100.0% | -28,735€ | — | 1 | 674€ |
| 81 | Can Tourism Global03584585 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,862€ | — | 1 | — |
| 82 | CMD02466333 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,338€ | — | 1 | 676€ |
| 83 | C&S - Immo03478335 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,373€ | — | 1 | 613€ |
| 84 | Belvedere03091171 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 85 | Budva M Apartments03268080 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,304€ | — | 2 | 630€ |
| 86 | Golf Flat Rent03559114 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,232€ | — | 1 | 1,347€ |
| 87 | Homes & Villas BY Eid03465128 · Ulcinj | 0.0% | 0€ | -100.0% | -13,846€ | — | 1 | 700€ |
| 88 | MLP Bajovo Polje03624846 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,333€ | — | 1 | — |
| 89 | Montecoland02820307 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,162€ | — | 1 | 678€ |
| 90 | Noventra03713903 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,331€ | — | 2 | 460€ |
| 91 | Pelinković03543102 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,041€ | — | 1 | — |
| 92 | Real Estate Montenegro ST03660206 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,586€ | — | 1 | 929€ |
| 93 | Remzi Batmaz Investment03545938 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,148€ | — | — | — |
| 94 | SKC Group03442560 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,168€ | — | 1 | 679€ |
| 95 | Smapartments03460029 · Budva | 0.0% | 0€ | -100.0% | -9,678€ | — | 1 | 679€ |
| 96 | Solarstroj - Service02646153 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,127€ | — | 1 | 677€ |
| 97 | The Gecce03339777 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 338€ |
| 98 | Camellia Medic03143996 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 99 | Sanem03177556 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,137€ | — | 1 | 677€ |
| 100 | Kono Co03773965 · Budva | 0.0% | 0€ | No filing for 2024. | -964€ | — | 1 | — |