Revenue
1.4% of sector revenue
157 companies earned 18.35m€ in 2025, 1.4% of Hospitality sector revenue. Revenue has grown 6.0× since 2015.
1.4% of sector revenue
53 with at most one employee
Largest employer: Viktoria Montefood (18)
Median company 0.3% · 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
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 157
* 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 18 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 | 3,064,613€ | 51 |
| 2016 | 3,873,732€ | 68 |
| 2017 | 4,307,186€ | 74 |
| 2018 | 5,826,503€ | 91 |
| 2019 | 6,795,106€ | 101 |
| 2020 | 5,093,737€ | 100 |
| 2021 | 8,131,415€ | 123 |
| 2022 | 12,011,411€ | 138 |
| 2023 | 16,521,835€ | 155 |
| 2024 | 16,922,810€ | 156 |
| 2025 (Preliminary) | 18,350,321€ | 157 |
The number of companies jumped most in 2016: from 51 to 68.
4.2% |
| 774,737€ |
| +26.0% |
| 72,497€ |
| 9.4% |
| 17 |
| 1,206€ |
| 3 | Pajbar Sistem03119386 · Danilovgrad | 4.1% | 755,304€ | +54.0% | 44,685€ | 5.9% | 9 | 675€ |
| 4 | Konđar03037606 · Kotor | 3.2% | 593,459€ | -0.5% | 21,276€ | 3.6% | 9 | 703€ |
| 5 | Error 40403349560 · Nikšić | 3.2% | 589,337€ | +41.8% | 164,822€ | 28.0% | 5 | 682€ |
| 6 | Budućnost Bemax02797402 · Podgorica | 3.1% | 568,840€ | -17.9% | -113,848€ | -20.0% | 1 | 42,089€ |
| 7 | Davals02931524 · Podgorica | 2.9% | 530,848€ | +9.8% | 9,241€ | 1.7% | 10 | 1,179€ |
| 8 | Obala Trade02966808 · Danilovgrad | 2.5% | 465,560€ | +24.1% | 23,456€ | 5.0% | 6 | 587€ |
| 9 | Rogošić Tours02872005 · Podgorica | 2.4% | 432,654€ | +13.2% | 54,403€ | 12.6% | 2 | 1,833€ |
| 10 | Road Runner03383164 · Podgorica | 2.3% | 423,228€ | +48.3% | -20,082€ | -4.7% | 14 | 570€ |
| 11 | Lead03184242 · Podgorica | 2.2% | 408,805€ | -37.1% | -21,954€ | -5.4% | 13 | 614€ |
| 12 | Marlo03390918 · Bar | 2.2% | 405,456€ | +34.5% | 10,944€ | 2.7% | 13 | 688€ |
| 13 | Viktoria Montefood03374831 · Bar | 2.2% | 400,270€ | +70.2% | 5,392€ | 1.3% | 18 | 832€ |
| 14 | Panem03118401 · Nikšić | 2.1% | 387,943€ | +13.0% | 2,892€ | 0.7% | 15 | 1,023€ |
| 15 | Stejsi03028496 · Podgorica | 1.8% | 323,874€ | +9.0% | 7,273€ | 2.2% | 11 | 921€ |
| 16 | Džada02985969 · Podgorica | 1.6% | 293,753€ | +2.4% | 18,809€ | 6.4% | 7 | 1,493€ |
| 17 | Big Mama03302806 · Budva | 1.5% | 271,302€ | -15.7% | 20,336€ | 7.5% | 11 | 757€ |
| 18 | CG-Marković02996103 · Podgorica | 1.4% | 264,403€ | +16.6% | 5,505€ | 2.1% | 4 | 1,453€ |
| 19 | Allegra02353784 · Tivat | 1.4% | 251,002€ | -15.9% | 14,099€ | 5.6% | 7 | 1,172€ |
| 20 | Grof Company03163580 · Podgorica | 1.3% | 236,839€ | +2.9% | 2,367€ | 1.0% | 7 | 723€ |
| 21 | Deamat03219364 · Kotor | 1.2% | 219,486€ | +45.9% | -2,431€ | -1.1% | 4 | 982€ |
| 22 | VNV03012638 · Bar | 1.2% | 218,809€ | +293.0% | 9,161€ | 4.2% | 5 | 966€ |
| 23 | Roki JM03464130 · Nikšić | 1.2% | 213,649€ | -13.9% | 9,352€ | 4.4% | 4 | 1,398€ |
| 24 | R & S Maini03543439 · Budva | 1.1% | 210,346€ | +33.4% | 3,472€ | 1.7% | 4 | 1,154€ |
| 25 | Cameleon02839563 · Pljevlja | 1.1% | 207,694€ | -26.7% | 32,896€ | 15.8% | 7 | 899€ |
| 26 | Darprom02729415 · Podgorica | 1.1% | 200,658€ | +35.8% | 41,523€ | 20.7% | 6 | 924€ |
| 27 | Gard Commerce02210126 · Budva | 1.1% | 199,984€ | -5.1% | 9,459€ | 4.7% | 5 | 878€ |
| 28 | Vision CG03320308 · Podgorica | 1.1% | 194,173€ | -9.4% | -10,677€ | -5.5% | 5 | 1,803€ |
| 29 | Figura03283593 · Podgorica | 1.0% | 188,916€ | -9.9% | 5,692€ | 3.0% | 6 | 757€ |
| 30 | LP Company03424618 · Budva | 1.0% | 177,546€ | +4.3% | 3,748€ | 2.1% | 4 | 1,429€ |
| 31 | Matra i Goda03169618 · Herceg Novi | 0.9% | 171,682€ | -2.6% | 8,200€ | 4.8% | 11 | 587€ |
| 32 | Nav Company Trade03413691 · Budva | 0.9% | 168,751€ | +35.3% | 3,115€ | 1.8% | 2 | 959€ |
| 33 | Moračanka03567842 · Podgorica | 0.9% | 167,339€ | +44.7% | 9,743€ | 5.8% | 6 | 870€ |
| 34 | Žeki & Laki03110397 · Podgorica | 0.9% | 164,470€ | +18.2% | -1,162€ | -0.7% | 10 | 640€ |
| 35 | Tal Company03684202 · Podgorica | 0.9% | 164,347€ | +272.2% | 21,070€ | 12.8% | 5 | 1,026€ |
| 36 | Mandrapa Company03304817 · Herceg Novi | 0.9% | 164,110€ | -41.9% | -106,698€ | -65.0% | 9 | 610€ |
| 37 | Picasso Company03232344 · Podgorica | 0.8% | 150,157€ | -22.1% | 12,970€ | 8.6% | 5 | 652€ |
| 38 | Jana Vip03223183 · Zeta | 0.8% | 148,643€ | +42.5% | 1,462€ | 1.0% | 4 | 490€ |
| 39 | Bobo-Co03376435 · Podgorica | 0.7% | 135,556€ | +8.9% | -10,718€ | -7.9% | 4 | 665€ |
| 40 | Bojamin Company03258033 · Podgorica | 0.7% | 130,447€ | -10.0% | -14,937€ | -11.5% | 0 | — |
| 41 | Kalu Food03548082 · Podgorica | 0.7% | 127,691€ | +36.6% | 26,530€ | 20.8% | 2 | 723€ |
| 42 | Iskra 194703566030 · Danilovgrad | 0.7% | 124,937€ | +37.7% | 162€ | 0.1% | 5 | 793€ |
| 43 | Dupan03246035 · Herceg Novi | 0.7% | 124,745€ | +74.6% | 14,263€ | 11.4% | 1 | 310€ |
| 44 | Lejla-Ćukovac03037703 · Bijelo Polje | 0.7% | 123,691€ | +47.1% | 3,785€ | 3.1% | 2 | 675€ |
| 45 | Kero02966549 · Rožaje | 0.7% | 123,448€ | +13.6% | 270€ | 0.2% | 4 | 1,005€ |
| 46 | Vojd03468666 · Budva | 0.7% | 122,925€ | +3.2% | -26,224€ | -21.3% | 4 | 568€ |
| 47 | Labus Nova03406342 · Bijelo Polje | 0.7% | 122,347€ | +30.2% | 5,738€ | 4.7% | 5 | 703€ |
| 48 | Doubles03696006 · Podgorica | 0.7% | 120,869€ | +1,116.2% | 13,871€ | 11.5% | 6 | 469€ |
| 49 | Mav Company03348741 · Podgorica | 0.7% | 120,283€ | +69.9% | 7,581€ | 6.3% | 1 | 2,861€ |
| 50 | Impact02866277 · Tivat | 0.6% | 113,683€ | -7.3% | -12,331€ | -10.8% | 4 | 888€ |