Capital, people and business. Discover the differences on the map.
42 TERRITORIES · BALANCE SHEETS AND TENDERS 2025
Equity · RON
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
Județ necunoscut · Activități în ferme mixte (cultura vegetală combinată cu creșterea animalelor) · CAEN 0150 · balance sheets available for 2025
Sales
+7.4%
26 comparable companies · 2025 / 2024
Profitability
0.7%
25 eligible companies · 50% of companies with a known result are profitable
Concentration
90.6%
Share of the selection's turnover · 2025
Updated 9/18/2026, 8:47:03 PM · balance sheets 2025 / 2024
Turnover and jobs, by the companies' current registered office. Pick a county from the list to continue the analysis.
Bacău holds 11.6% of observed sales in the selected sector, with 31 companies.
Top 8 · 2025 balance sheets · share of the located-county total
Top 8 by reported average headcount · share of the located-county total
Compare the main activities in Județ necunoscut. Open a sector for details.
In Intermedieri în comerțul cu mașini, echipamente industriale, nave și avioane, ten companies make 100% of sales. In Cultivarea cerealelor (excluzând orezul), plantelor leguminoase și a plantelor oleaginoase, only 18.7%.
SECTOR RADIOGRAPHY
Concentration extremes among the top 8 sectors by turnover · share of observed sales, not market share
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
2.59B RON
11 comparable
98.7%
98.7%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
705.79M RON
359 comparable
18.7%
18.7%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
158.12M RON
26 comparable
90.6%
90.6%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
140.41M RON
1 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
129.7M RON
4 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
125.07M RON
9 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
115.5M RON
5 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
82.44M RON
2 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
80.95M RON
15 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
67.94M RON
1 comparable
100%
100%
One company, one main code. Growth uses the same companies in both years; missing values remain "—". CAEN definitions sit next to each name.
Beyond the giants: sales and margin of the company in the middle of the distribution.
The typical company sells 1.63M RON a year and keeps 0.7% of sales as net profit.
Companies by margin band · net profit / positive turnover
25 companies with a known profit and positive sales; 7 excluded. Bands describe margins, not bankruptcy risk.
Same companies, two years. Compare the change in sales with the change in jobs.
61.5% of the 26 comparable companies sold more in 2025 than in 2024.
Number of companies with comparable data, split by direction of change
Nominal changes in RON, not adjusted for inflation. Companies without data in one of the years are not compared.
Growth, survival, concentration, the trade register and state dependence in 2025: the national figure and the counties at both ends, for every map layer.
Turnover change at the same companies · % vs 2025−1
Nationally: +7.4% in 2025. Highest values: Gorj (+253.3%), Vrancea (+100%), Vaslui (+45.2%), Tulcea (+44.9%), Buzău (+44.6%). Lowest: Olt (-44.8%), Hunedoara (-43.4%), Vâlcea (-40.3%), Ilfov (-21.3%), Bacău (-21.2%). 42 counties with data.
Average annual turnover growth at the same companies · % per year, 5 years
Nationally: -1.2% in 2025. Highest values: Gorj (+70.9%), Vrancea (+26.5%), Prahova (+21.4%), Dâmbovița (+20%), Galați (+19.9%). Lowest: Mureș (-7.3%), Vâlcea (-6%), Bistrița-Năsăud (-1.5%), Argeș (-0.7%), Tulcea (+1.6%). 42 counties with data.
Companies that filed five years ago and still file in 2025 · %
Nationally: 84.2% in 2025. Highest values: Covasna (86.2%), Iași (84.9%), Mureș (84.6%), Vrancea (83.3%), Cluj (83.1%). Lowest: Bistrița-Năsăud (52.9%), Mehedinți (55.6%), Neamț (57.1%), Dolj (57.1%), Dâmbovița (61.9%). 42 counties with data.
Companies with a net loss · % of those reporting a result
Nationally: 43.8% in 2025. Highest values: Ilfov (66.7%), Teleorman (58.3%), Caraș-Severin (55.6%), Galați (55%), Arad (50%). Lowest: Bistrița-Năsăud (6.3%), Buzău (11.1%), Neamț (14.3%), Dolj (14.3%), Covasna (14.3%). 42 counties with data.
Companies with negative equity · % of those reporting equity
Nationally: 15.6% in 2025. Highest values: Giurgiu (63.6%), Olt (54.5%), Ilfov (53.3%), Dâmbovița (47.4%), Tulcea (44.4%). Lowest: Mehedinți (0%), Neamț (3.6%), Bistrița-Năsăud (6.3%), Buzău (11.1%), Gorj (12.5%). 42 counties with data.
Share of the top 10 companies in turnover · %
Nationally: 90.6% in 2025. Highest values: Bacău (99.7%), Ialomița (99.5%), Hunedoara (99.3%), Prahova (98.7%), Sălaj (98.5%). Lowest: Mureș (67.1%), Bihor (76%), Suceava (79.4%), Iași (79.5%), Brașov (81.4%). 24 counties with data.
Median turnover · RON
Nationally: 1.63M RON in 2025. Highest values: Călărași (3.14M RON), Galați (743.75K RON), Constanța (649.61K RON), Argeș (605.02K RON), Buzău (600.4K RON). Lowest: Vâlcea (0 RON), Tulcea (0 RON), Gorj (0 RON), Dâmbovița (22.46K RON), Cluj (28.75K RON). 42 counties with data.
Turnover per employee · RON
Nationally: 362.04K RON in 2025. Highest values: Bacău (2.38M RON), Satu Mare (1.17M RON), Constanța (1.16M RON), București (998.19K RON), Vrancea (987.84K RON). Lowest: Vâlcea (63.39K RON), Harghita (252.48K RON), Gorj (265.55K RON), Mureș (282.56K RON), Vaslui (290.83K RON). 42 counties with data.
The same aggregates as on the map, also available as tables, with a stable citation for every version.
Analysis: DemoANAF.ro · Județ necunoscut · CAEN 0150.
In Județ necunoscut, the 2025 report covers 32 companies with available indicators (CAEN 0150). This is the observed sample, not the number of all registered companies.
The median net margin is 0.7% in 2025, computed for 25 companies with positive sales and a known net result, including loss-making companies. 7 companies do not meet these conditions.
5 companies have strictly positive margins of at most 2% (20% of eligible companies). 9 eligible companies have negative margins.
16 of 32 companies with a known net result are profitable: 50%. The cumulative net result, after subtracting losses, is -2.69M RON.
The cumulative turnover of the 26 comparable companies changed by +7.4% between 2024 and 2025, in nominal RON.
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Alba | 38 | 33.74M RON | 1.48M RON | 94 | 27.52M RON | 3.6% |
| Arad | 26 | 77.78M RON | 17.02M RON | 117 | 147.72M RON | 1.3% |
| Argeș | 10 | 13.88M RON | 541.77K RON | 26 | 6.66M RON | 2% |
| Bacău | 31 | 394.06M RON | -34.98M RON | 165 | 773.8K RON | 10.2% |
| Bihor | 61 | 64.17M RON | -1.62M RON | 150 | 96.13M RON | 2.7% |
| Bistrița-Năsăud | 16 | 17.03M RON | 1.83M RON | 25 | 4.41M RON | 8.4% |
| Botoșani | 42 | 88.01M RON | -2.08M RON | 137 | 14.49M RON | 2.9% |
| Brăila | 19 | 80.97M RON | 2.65M RON | 109 | 92.3M RON | 5.5% |
| Brașov | 64 | 92.93M RON | 3.68M RON | 215 | 131.34M RON | 4.3% |
| București | 41 | 94.14M RON | 3.96M RON | 88 | 84.87M RON | 7.7% |
| Buzău | 9 | 130.89M RON | 20.53M RON | 171 | 110.66M RON | 17.6% |
| Călărași | 18 | 151.82M RON | 7.85M RON | 190 | 20.43M RON | 0.6% |
| Caraș-Severin | 18 | 31.54M RON | -2.54M RON | 50 | 768.31K RON | 0.2% |
| Cluj | 90 | 66.82M RON | 1.7M RON | 127 | 44.05M RON | 3.1% |
| Constanța | 43 | 259.51M RON | 15.37M RON | 224 | 117.69M RON | 4.5% |
| Covasna | 35 | 41.56M RON | 6.13M RON | 89 | 28.5M RON | 4.1% |
| Dâmbovița | 19 | 11.23M RON | 3.83M RON | 18 | 11.02M RON | 0.2% |
| Dolj | 14 | 14.71M RON | 340K RON | 46 | 8.46M RON | 2.1% |
| Galați | 20 | 30.53M RON | 1.07M RON | 46 | 28M RON | -2.2% |
| Giurgiu | 11 | 10.86M RON | 3.75M RON | 13 | -37.44M RON | 8.2% |
| Gorj | 8 | 826.66K RON | 425.68K RON | 3 | 1.01M RON | 74.2% |
| Harghita | 40 | 12.6M RON | 309.61K RON | 48 | 15.53M RON | 4.3% |
| Hunedoara | 25 | 76.77M RON | -10.82M RON | 128 | 58.09M RON | 1.3% |
| Ialomița | 21 | 216.39M RON | 18.38M RON | 385 | 74.1M RON | 7.9% |
| Iași | 61 | 145.58M RON | 12.18M RON | 246 | 153.55M RON | 4.8% |
| Ilfov | 15 | 12.27M RON | 24.6M RON | 27 | 54.69M RON | 1.5% |
| Județ necunoscut | 32 | 158.12M RON | -2.69M RON | 413 | 165.61M RON | 0.7% |
| Maramureș | 39 | 14.79M RON | 791.48K RON | 49 | 11.14M RON | 4% |
| Mehedinți | 6 | 2.66M RON | -3.21K RON | 7 | 1.6M RON | 9.9% |
| Mureș | 91 | 99.98M RON | 6.44M RON | 339 | 100.94M RON | 5.3% |
| Neamț | 28 | 20.94M RON | 2.68M RON | 45 | 14.21M RON | 7% |
| Olt | 11 | 6.3M RON | -619.75K RON | 8 | -1.26M RON | 1.8% |
| Prahova | 24 | 140.65M RON | -9.16M RON | 302 | 574.93M RON | 6.9% |
| Sălaj | 26 | 39.12M RON | -38.67K RON | 52 | 24.16M RON | 2.4% |
| Satu Mare | 57 | 208.77M RON | 10.25M RON | 171 | 76.2M RON | 2.2% |
| Sibiu | 107 | 247.31M RON | 1.57M RON | 399 | 185.02M RON | 0.6% |
| Suceava | 61 | 79.13M RON | 8.77M RON | 168 | 44.11M RON | 8.8% |
| Teleorman | 12 | 51.93M RON | -18.72M RON | 134 | 37.88M RON | -43.5% |
| Timiș | 48 | 233.24M RON | 13.89M RON | 209 | 579.28M RON | 2.2% |
| Tulcea | 18 | 19.5M RON | 667.94K RON | 44 | 10.29M RON | 5% |
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|
National series independent of CAEN: initiation notices published in 2025, by the authority's current office. Values are estimates, not payments.
| Territory / activity | Notices | Value (RON) |
|---|---|---|
| Brașov | 834 | 5.85B RON |
| Ialomița | 180 | 1.07B RON |
| Iași | 1,086 | 14.34B RON |
| Tulcea | 177 | 1.17B RON |
| Mehedinți | 187 | 918.76M RON |
| Vâlcea | 384 | 2.27B RON |
| Mureș | 740 | 8.41B RON |
| București | 6,659 | 146.69B RON |
| Bacău | 429 | 2.57B RON |
| Maramureș | 371 | 2.83B RON |
| Botoșani | 321 | 1.32B RON |
| Brăila | 358 | 1.49B RON |
| Galați | 577 | 5.68B RON |
| Dâmbovița | 367 | 3.11B RON |
| Caraș-Severin | 241 | 1.42B RON |
| Hunedoara | 482 | 2.3B RON |
| Prahova | 552 | 4.43B RON |
| Călărași | 174 | 765.83M RON |
| Ilfov | 553 | 6.78B RON |
| Constanța | 757 | 7.24B RON |
| Bihor | 658 | 4.49B RON |
| Sibiu | 908 | 5.72B RON |
| Timiș | 915 | 8.62B RON |
| Olt | 304 | 1.2B RON |
| Cluj | 1,484 | 15.53B RON |
| Vaslui | 366 | 1.65B RON |
| Giurgiu | 171 | 1.94B RON |
| Neamț | 346 | 1.76B RON |
| Gorj | 601 | 3.25B RON |
| Sălaj | 265 | 1.1B RON |
| Alba | 359 | 1.58B RON |
| Suceava | 567 | 3.91B RON |
| Argeș | 532 | 2.2B RON |
| Dolj | 661 | 13.33B RON |
| Bistrița-Năsăud | 272 | 1.71B RON |
| Teleorman | 229 | 1.58B RON |
| Arad | 386 | 3.25B RON |
| Buzău | 278 | 1.02B RON |
| Vrancea | 277 | 3.31B RON |
| Covasna | 255 | 1.01B RON |
| Harghita | 333 | 2.68B RON |
| Satu Mare | 291 | 2.55B RON |
| Județ necunoscut | 22 | 21.89M RON |
Computed on 9/18/2026, 8:47:03 PM · version 20260918174703963. Annual data may be revised when new balance sheets arrive.
DemoANAF.ro. Romania business report 2025 — Județ necunoscut, CAEN 0150. Version 20260918174703963, computed on 2026-09-18T17:47:03.963Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Jude%C8%9B+necunoscut&caen=0150#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260918174703963
SRL, SRL-D and SA registrations observed in Romania. National series, independent of the financial filters.
Most new companies appeared in July: 10,734 observed registrations.
Earliest available registration for each CUI · coverage not confirmed
Solid line: 2025
| Month | 2025 |
|---|---|
| Jan | 6,313 |
| Feb | 8,206 |
| Mar | 8,589 |
| Apr | 7,449 |
| May | 8,145 |
| Jun | 7,682 |
| Jul | 10,734 |
| Aug | 7,697 |
| Sep | 9,208 |
| Oct | 9,472 |
| Nov | 9,682 |
| Dec | 7,334 |
Coverage not confirmed: differences between series may reflect missing data. Months without observations do not mean zero.
Pace of distinct contracts recorded in SEAP. National series, by contract date.
The month with the most SEAP contracts was April: 12,765 distinct contracts.
A contract's lots and suppliers are not counted as separate contracts
Solid line: 2025
| Month | 2025 |
|---|---|
| Jan | 10,684 |
| Feb | 9,665 |
| Mar | 11,690 |
| Apr | 12,765 |
| May | 11,213 |
| Jun | 9,725 |
| Jul | 9,714 |
| Aug | 9,094 |
| Sep | 9,436 |
| Oct | 12,761 |
| Nov | 12,032 |
| Dec | 9,769 |
Period coverage is not confirmed. We count contracts, not payments; awarded values are not actual spending.
Every percentage must have a clear population, a period and a source.
We analyse companies with financial indicators available for 2025. This is not a census of all companies and does not implicitly cover only SRL/SA. The coverage of each indicator is shown separately.
Annual balance sheets do not measure H1 2026 results. Companies are linked by CUI. We compare only values available in both years. Geographic and CAEN groups are those of the 2025 cohort; we do not measure relocations or sector changes.
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.
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.
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 2025, 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.
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.
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.
Sources: ANAF — balance sheets; ONRC — company register; SEAP / data.gov.ro — contracts. See the data sources. Download the SVG map · ANCPI boundaries · geo-spatial.org · INS · SIRUTA 2025
