42 of 42 territories with values · Relative scale across counties in this selection · square-root spacing, anchored at zero. Colours are recalculated when the selection changes.▧ No data
Romania · all sectors · balance sheets available for 2022
Adjusted statistics · 1 companies with excluded values
Only the listed indicators are excluded pending validation. Companies remain counted and original statements are preserved.
Updated 10/9/2026, 10:30:04 AM · balance sheets 2022 / 2021
Companies analysed
875,081
With at least one financial indicator available
Cumulative turnover
2.55T RON
729,608 companies with a known value
Cumulative net result
207.06B RON
874,768 companies · profit minus losses
Employees reported
4,232,827
624,108 companies · annual averages summed
/01Geography
Where business concentrates
Turnover and jobs, by the companies' current registered office. Pick a county from the list to continue the analysis.
București holds 38% of observed sales, with 168,006 companies.
Counties by turnover
Top 8 · 2022 balance sheets · share of the located-county total
970.13B RON38%
183.67B RON7.2%
109.26B RON4.3%
105.01B RON4.1%
87.15B RON3.4%
86.48B RON3.4%
73.66B RON2.9%
61.72B RON2.4%
Where the employees are
Top 8 by reported average headcount · share of the located-county total
1,132,52126.8%
210,3335%
206,9574.9%
203,8684.8%
150,7203.6%
140,9003.3%
136,8603.2%
126,7573%
/02CAEN sectors
Which sectors drive the economy?
Compare the main activities in Romania. Open a sector for details.
In Extracția petrolului brut, ten companies make 100% of sales. In Transport rutier de mărfuri, only 6%.
SECTOR RADIOGRAPHY
All sectors · Romania
How much of a sector fits in ten companies?
Concentration extremes among the top 8 sectors by turnover · share of observed sales, not market share
Extracția petrolului brut100%
Transport rutier de mărfuri6%
40 sectors · descending orderTurnover · 2022
01
CAEN 4711
Rev.2
Comerț cu amănuntul în magazine nespecializate, cu vânzare predominantă de produse alimentare, băuturi și tutun
Rev.3
Comerț cu amănuntul nespecializat, cu vânzare predominantă de produse alimentare, băuturi și tutun
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
46,379 companies
127.11B RON
Turnover · 2022/2021+17.6%
33,519 comparable
Top 10 companies
66.5%
Top 10 companies
66.5%
02
CAEN 4730
Rev.2
Comerț cu amănuntul al carburanților pentru autovehicule, în magazine specializate
Rev.3
Comerț cu amănuntul al carburanților pentru autovehicule
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
1,240 companies
84.3B RON
Turnover · 2022/2021+42.5%
977 comparable
Top 10 companies
86.4%
Top 10 companies
86.4%
03
CAEN 4120
Rev.2
Lucrări de construcții a clădirilor rezidențiale și nerezidențiale
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
48,969 companies
73.17B RON
Turnover · 2022/2021+21.2%
30,752 comparable
Top 10 companies
10.6%
Top 10 companies
10.6%
04
CAEN 4941
Rev.2
Transporturi rutiere de mărfuri
Rev.3
Transporturi rutiere de mărfuri
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
45,438 companies
71.79B RON
Turnover · 2022/2021+24.7%
31,789 comparable
Top 10 companies
6%
Top 10 companies
6%
05
CAEN 4621
Rev.2
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat
Rev.3
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1,858 companies
61.51B RON
Turnover · 2022/2021+29%
1,203 comparable
Top 10 companies
61%
Top 10 companies
61%
06
CAEN 4646
Rev.2
Comerț cu ridicata al produselor farmaceutice
Rev.3
Comerț cu ridicata al produselor farmaceutice și medicale
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
1,836 companies
58.81B RON
Turnover · 2022/2021+14.8%
1,412 comparable
Top 10 companies
47.7%
Top 10 companies
47.7%
07
CAEN 0610
Rev.2
Extracția petrolului brut
Rev.3
Extracția petrolului brut
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
20 companies
56.43B RON
Turnover · 2022/2021+136.4%
13 comparable
Top 10 companies
100%
Top 10 companies
100%
08
CAEN 3514
Rev.2
Comercializarea energiei electrice
Rev.3
Distribuția energiei electrice
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
201 companies
53.24B RON
Turnover · 2022/2021+86.4%
119 comparable
Top 10 companies
90%
Top 10 companies
90%
09
CAEN 4690
Rev.2
Comerț cu ridicata nespecializat
Rev.3
Comerț cu ridicata nespecializat
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
7,783 companies
43.08B RON
Turnover · 2022/2021+18.2%
5,781 comparable
Top 10 companies
25%
Top 10 companies
25%
10
CAEN 3523
Rev.2
Comercializarea combustibililor gazoși prin conducte
Rev.3
Comercializarea combustibililor gazoși, prin conducte
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
52 companies
42.43B RON
Turnover · 2022/2021+104.8%
35 comparable
Top 10 companies
98%
Top 10 companies
98%
One company, one main code. Growth uses the same companies in both years; missing values remain "—". CAEN definitions sit next to each name.
/03Performance
What the typical company looks like
Beyond the giants: sales and margin of the company in the middle of the distribution.
The typical company sells 171.15K RON a year and keeps 14.8% of sales as net profit.
Median turnover
171.15K RON
729,608 values available
Median net margin
14.8%
672,407 eligible companies
Aggregate net margin
8.1%
Cumulative profit / cumulative sales, same companies
Profitable companies
60.6%
530,032 of 874,768 with a known result
Distribution of net margins
Companies by margin band · net profit / positive turnover
Loss151,07322.5%
Zero result2370%
Above 0–2%41,2446.1%
Above 2–5%43,9616.5%
Above 5–10%56,9558.5%
Above 10%378,93756.4%
672,407 companies with a known profit and positive sales; 202,674 excluded. Bands describe margins, not bankruptcy risk.
/04Change
Who grew. Who shrank.
Same companies, two years. Compare the change in sales with the change in jobs.
61.7% of the 602,348 comparable companies sold more in 2022 than in 2021.
Cumulative turnover
+25.9%
602,348 companies with turnover in both years
Median turnover change
+13.1%
Only companies with a positive 2021 baseline
Number of employees
+0.2%
484,434 companies with employees reported in both years
More sales or fewer?
Number of companies with comparable data, split by direction of change
Growth371,93961.7%
Decline196,26332.6%
No change34,1465.7%
Nominal changes in RON, not adjusted for inflation. Companies without data in one of the years are not compared.
/05Dynamics
Company dynamics, county by county
Growth, survival, concentration, the trade register and state dependence in 2022: the national figure and the counties at both ends, for every map layer.
How much business grew on last year
Turnover change at the same companies · % vs 2022−1
Registrations minus strike-offs per 1,000 active companies · ‰
RO +88‰
Nationally: +88‰ in 2022. Highest values: Ilfov (+126.4‰), Bistrița-Năsăud (+108.5‰), Sibiu (+102.6‰), Iași (+102.3‰), Cluj (+98.8‰). Lowest: Harghita (+58.2‰), Covasna (+69.9‰), Neamț (+72.8‰), Teleorman (+76.5‰), București (+76.8‰). 42 counties with data.
How much business comes from the state
SICAP contracts won by local companies · % of turnover
RO 8.8%
Nationally: 8.8% in 2022. Highest values: Galați (33.8%), Gorj (28.5%), Mehedinți (23%), Bistrița-Năsăud (17.4%), Botoșani (14.8%). Lowest: Vrancea (1.3%), Bacău (1.7%), Satu Mare (2%), Alba (2.2%), Sălaj (2.2%). 42 counties with data.
/06Data
The data behind the map
The same aggregates as on the map, also available as tables, with a stable citation for every version.
Analysis: DemoANAF.ro · Romania · all activities.
In Romania, the 2022 report covers 875,081 companies with available indicators (all activities). This is the observed sample, not the number of all registered companies.
The median net margin is 14.8% in 2022, computed for 672,407 companies with positive sales and a known net result, including loss-making companies. 202,674 companies do not meet these conditions.
41,244 companies have strictly positive margins of at most 2% (6.1% of eligible companies). 151,073 eligible companies have negative margins.
530,032 of 874,768 companies with a known net result are profitable: 60.6%. The cumulative net result, after subtracting losses, is 207.06B RON.
The cumulative turnover of the 602,348 comparable companies changed by +25.9% between 2021 and 2022, in nominal RON.
Counties · 43
Counties · 2022 balance sheets · values in RON · unknown values are marked "—".
National series independent of CAEN: initiation notices published in 2022, by the authority's current office. Values are estimates, not payments.
Notices and estimated values, 2022
Territory / activity
Notices
Value (RON)
Cite the report
Computed on 10/9/2026, 10:30:04 AM · version 20261009073004042. Annual data may be revised when new balance sheets arrive.
DemoANAF.ro. Romania business report 2022 — Romania, all activities. Version 20261009073004042, computed on 2026-10-09T07:30:04.042Z. https://demoanaf.ro/en/raport-afaceri-romania-2022#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2022/date.csv?rev=20261009073004042
SRL, SRL-D and SA registrations observed in Romania. National series, independent of the financial filters.
Most new companies appeared in August: 12,483 observed registrations.
Pace of registrations
Earliest available registration for each CUI · coverage not confirmed
Solid line: 2022
See the monthly data
Month
2022
Jan
7,743
Feb
9,487
Mar
9,766
Apr
8,212
May
11,905
Jun
11,070
Jul
10,481
Aug
12,483
Sep
10,717
Oct
8,575
Nov
8,672
Dec
7,050
Coverage not confirmed: differences between series may reflect missing data. Months without observations do not mean zero.
/08Procurement
Companies and public procurement
Pace of distinct contracts recorded in SICAP. National series, by contract date.
The month with the most SICAP contracts was December: 9,014 distinct contracts.
Contracts recorded in SICAP
A contract's lots and suppliers are not counted as separate contracts
Solid line: 2022
See the monthly data
Month
2022
Jan
6,112
Feb
5,411
Mar
7,109
Apr
5,347
May
6,175
Jun
6,249
Jul
7,125
Aug
6,697
Sep
7,746
Oct
8,091
Nov
7,797
Dec
9,014
Period coverage is not confirmed. We count contracts, not payments; awarded values are not actual spending.
/09Methodology
What we measure and what stays unknown
Every percentage must have a clear population, a period and a source.
Balance sheets and coverage
We analyse companies with financial indicators available for 2022. This is not a census of all companies and does not implicitly cover only SRL/SA. The coverage of each indicator is shown separately.
Year-on-year comparisons
Annual balance sheets do not measure H1 2023 results. Companies are linked by CUI. We compare only values available in both years. Geographic and CAEN groups are those of the 2022 cohort; we do not measure relocations or sector changes.
CAEN classification
We use the main code from the balance sheet, normalised to four digits. Authorised activities are not summed. Short titles describe the activities; the exact Rev.2 and Rev.3 definitions sit next to each code. Where they differ, both are shown, without assuming the company's revision or historical equivalence.
Missing values and rates
A missing value stays unknown. Margins require positive turnover and a known net result, including losses. The median treats every company equally. The aggregate margin uses the sums of profit and sales for exactly the same eligible companies. The bands are: below 0%, exactly 0%, above 0% up to and including 2%, above 2% up to and including 5%, above 5% up to and including 10%, and above 10%. They are not solvency thresholds. Growth rates are undefined when the baseline is zero or negative.
The map: capital, employees and tenders
Capital means equity (I10), including negative values, not turnover or share capital. Employees are the reported annual averages, attributed to the current office; the per-company average uses only companies with this indicator known. Tenders are initiation notices published in 2022, located by the authority's current office. Values are estimates, not payments. Colours use fixed numeric references, not ranks or quartiles. Margins have references at −10%, 0%, 2%, 5%, 10% and 20%; extreme values keep the exact number but saturate the colour. Totals use a logarithmic magnitude scale with references in the indicator's units. Each territory has a single observed value; we do not interpolate between localities. The same value keeps the same colour when the county, local unit or CAEN changes. Hatched areas have no values available. Local-unit boundaries come from ANCPI, processed by geo-spatial.org (2025). Localities are linked to local units through the INS SIRUTA 2025 nomenclature. Ambiguous addresses stay in the county total; local units use references adapted to local magnitude, constant across counties and years.
Currencies and exchange rates
All amounts are reported in RON. Conversion to EUR uses the annual average rate published by BNR for the report year; for USD, and for years without a published average, we use the arithmetic mean of the European Central Bank's daily reference rates. Today's rate is never used. It is an indicative conversion for comparison, not an accounting revaluation.
Updates
The report is recomputed periodically from the available data. The generation date does not prove the source is complete. Changes to balance sheets may revise this edition's results.
