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 51–100 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*
0.4% |
| 375,900€ |
| +4.3% |
| -39,701€ |
| -10.6% |
| 12 |
| 998€ |
| 53 | Toni Gril02428237 · Ulcinj | 0.4% | 371,807€ | +4.8% | 17,689€ | 4.8% | 9 | 785€ |
| 54 | Real Madrid03321789 · Podgorica | 0.4% | 366,920€ | +52.2% | 7,435€ | 2.0% | 11 | 733€ |
| 55 | D&C Group03671623 · Podgorica | 0.4% | 362,748€ | +142.7% | 49,487€ | 13.6% | 1 | 9,600€ |
| 56 | Kosmopolis03339297 · Podgorica | 0.4% | 360,335€ | +6.8% | 58,534€ | 16.2% | 7 | 1,399€ |
| 57 | Žalo02796163 · Herceg Novi | 0.4% | 360,036€ | +6.5% | 37,165€ | 10.3% | 11 | 913€ |
| 58 | Mne Radex03064417 · Herceg Novi | 0.4% | 354,045€ | +9.7% | -590€ | -0.2% | 11 | 942€ |
| 59 | Coffee Nova03493261 · Herceg Novi | 0.4% | 332,110€ | +49.1% | -869€ | -0.3% | 13 | 1,056€ |
| 60 | Vlahović-Sklonište02082551 · Podgorica | 0.4% | 327,737€ | +50.5% | 2,626€ | 0.8% | 2 | 967€ |
| 61 | Nota02071878 · Herceg Novi | 0.4% | 327,264€ | -5.6% | -22,231€ | -6.8% | 8 | 1,539€ |
| 62 | Il Lupo03122913 · Kotor | 0.4% | 323,130€ | -11.1% | 19,674€ | 6.1% | 7 | 1,158€ |
| 63 | Met303512797 · Ulcinj | 0.4% | 315,470€ | +15.0% | 24,714€ | 7.8% | 11 | 831€ |
| 64 | Macchiato Co03001326 · Podgorica | 0.4% | 314,837€ | +54.7% | 44,343€ | 14.1% | 6 | 645€ |
| 65 | Fimax03339670 · Podgorica | 0.4% | 312,035€ | +44.1% | 5,477€ | 1.8% | 9 | 883€ |
| 66 | Dolce Bacio03293220 · Bar | 0.4% | 307,354€ | +25.0% | 24,168€ | 7.9% | 11 | 841€ |
| 67 | Gregos03642674 · Budva | 0.4% | 303,214€ | +6,351.4% | 71,195€ | 23.5% | 4 | 1,540€ |
| 68 | Gaby02751828 · Podgorica | 0.4% | 301,090€ | -4.2% | 991€ | 0.3% | 11 | 694€ |
| 69 | Davids03363856 · Budva | 0.4% | 300,401€ | +163.8% | 39,111€ | 13.0% | 5 | 1,127€ |
| 70 | Bubiša03361055 · Herceg Novi | 0.3% | 296,313€ | -8.4% | -26,099€ | -8.8% | 16 | 466€ |
| 71 | Kruna02134055 · Bijelo Polje | 0.3% | 295,046€ | +5.6% | 21,153€ | 7.2% | 13 | 767€ |
| 72 | Propaganda03041174 · Nikšić | 0.3% | 291,627€ | +7.4% | -17,481€ | -6.0% | 9 | 701€ |
| 73 | Cicmil02953129 · Plužine | 0.3% | 286,987€ | -3.7% | 59,697€ | 20.8% | 6 | 702€ |
| 74 | Aprom03023206 · Rožaje | 0.3% | 284,988€ | +43.6% | 6,501€ | 2.3% | 11 | 885€ |
| 75 | Indigo CO.03001733 · Podgorica | 0.3% | 284,862€ | +41.2% | 22,271€ | 7.8% | 6 | 1,165€ |
| 76 | Lirex02987970 · Bar | 0.3% | 277,159€ | -0.9% | 116€ | 0.0% | 10 | 898€ |
| 77 | R-D Company CT03106578 · Cetinje | 0.3% | 274,951€ | +1.1% | -27,677€ | -10.1% | 8 | 642€ |
| 78 | PTM Club03241602 · Bar | 0.3% | 273,577€ | -3.6% | 9,799€ | 3.6% | 6 | 795€ |
| 79 | Harmonia&Co03083446 · Ulcinj | 0.3% | 267,967€ | +16.9% | 4,622€ | 1.7% | 3 | 1,213€ |
| 80 | Mate Company03532399 · Podgorica | 0.3% | 266,971€ | +49.1% | 47,600€ | 17.8% | 4 | 597€ |
| 81 | Kofein03295966 · Nikšić | 0.3% | 258,604€ | +1.6% | 13,231€ | 5.1% | 0 | — |
| 82 | Saturnus02301814 · Herceg Novi | 0.3% | 253,866€ | -12.0% | -29,445€ | -11.6% | 11 | 618€ |
| 83 | Almare02219166 · Bar | 0.3% | 252,989€ | -6.0% | 4,692€ | 1.9% | 6 | 776€ |
| 84 | Rasta02431351 · Budva | 0.3% | 252,240€ | -2.9% | 28,897€ | 11.5% | 3 | 617€ |
| 85 | Colosseum 2503338452 · Pljevlja | 0.3% | 251,981€ | +24.0% | 1,797€ | 0.7% | 7 | 954€ |
| 86 | Yachteagle02925877 · Podgorica | 0.3% | 240,057€ | -22.4% | -16,063€ | -6.7% | 5 | 480€ |
| 87 | Stamina03001482 · Herceg Novi | 0.3% | 238,256€ | -1.6% | 7,985€ | 3.4% | 3 | 1,364€ |
| 88 | Beba03009726 · Pljevlja | 0.3% | 232,860€ | +72.4% | 55,809€ | 24.0% | 6 | 767€ |
| 89 | Kontra PG03670287 · Podgorica | 0.3% | 230,349€ | +231.4% | 55,519€ | 24.1% | 5 | 942€ |
| 90 | DVD-5503619842 · Podgorica | 0.3% | 230,281€ | +17.4% | 7,231€ | 3.1% | 7 | 538€ |
| 91 | Dinner Out03151778 · Podgorica | 0.3% | 228,866€ | +2.7% | 5,098€ | 2.2% | 6 | 662€ |
| 92 | Exit-Comerc03067459 · Mojkovac | 0.3% | 228,584€ | -10.1% | 11,885€ | 5.2% | 6 | 892€ |
| 93 | Fuerte Ventura & Co02841924 · Podgorica | 0.3% | 228,537€ | +25.3% | 985€ | 0.4% | 5 | 1,223€ |
| 94 | NB - Komerc03320456 · Nikšić | 0.3% | 225,786€ | +228.4% | 11,327€ | 5.0% | 4 | 863€ |
| 95 | Koneva02995158 · Herceg Novi | 0.3% | 223,211€ | +7.4% | 982€ | 0.4% | 5 | 1,179€ |
| 96 | S-Vuksanovići02078686 · Herceg Novi | 0.3% | 221,790€ | -1.4% | 15,574€ | 7.0% | 3 | 724€ |
| 97 | Teniva03292983 · Podgorica | 0.3% | 215,185€ | +40.6% | 12,231€ | 5.7% | 7 | 886€ |
| 98 | 21 Januar02193744 · Žabljak | 0.2% | 213,230€ | +6.1% | 10,943€ | 5.1% | 5 | 1,448€ |
| 99 | Alla03075451 · Budva | 0.2% | 211,641€ | +139.6% | -26,611€ | -12.6% | 5 | 658€ |
| 100 | Welington02399679 · Tivat | 0.2% | 211,364€ | +6.0% | 2,289€ | 1.1% | 6 | 1,081€ |