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
Constanța · Construcții de clădiri · CAEN 4120 · balance sheets available for 2025
Sales
-7.5%
913 comparable companies · 2025 / 2024
Profitability
6.6%
796 eligible companies · 39% of companies with a known result are profitable
Concentration
27.9%
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.
Constanța holds 2.2% of observed sales in the selected sector, with 1,324 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 Constanța. Open a sector for details.
In Fabricarea produselor obținute din prelucrarea țițeiului, ten companies make 100% of sales. In Transport rutier de mărfuri, only 26.2%.
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.
17.35B 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.
7.08B RON
120 comparable
74%
74%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
2.72B RON
202 comparable
74.4%
74.4%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
2.68B RON
621 comparable
45.5%
45.5%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
2.2B RON
1,231 comparable
26.2%
26.2%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
2.2B RON
46 comparable
81.5%
81.5%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
2.09B RON
1,294 comparable
29.1%
29.1%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.84B RON
235 comparable
70.8%
70.8%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.63B RON
73 comparable
86.9%
86.9%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.5B RON
31 comparable
99.2%
99.2%
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 108.64K RON a year and keeps 6.6% of sales as net profit.
Companies by margin band · net profit / positive turnover
796 companies with a known profit and positive sales; 528 excluded. Bands describe margins, not bankruptcy risk.
Same companies, two years. Compare the change in sales with the change in jobs.
39.9% of the 913 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: -7.5% in 2025. Highest values: Bistrița-Năsăud (+32.3%), Buzău (+30.4%), Vaslui (+27%), Iași (+23.2%), Mehedinți (+22.1%). Lowest: Suceava (-10.6%), Galați (-9.7%), Botoșani (-8.3%), Constanța (-7.5%), Caraș-Severin (-6.7%). 42 counties with data.
Average annual turnover growth at the same companies · % per year, 5 years
Nationally: +4% in 2025. Highest values: Vaslui (+29.3%), Bistrița-Năsăud (+27.9%), Ialomița (+22.2%), Gorj (+21%), Sălaj (+18.9%). Lowest: Sibiu (+1.7%), Suceava (+2.4%), Teleorman (+2.7%), Arad (+3.1%), Cluj (+3.6%). 42 counties with data.
Companies that filed five years ago and still file in 2025 · %
Nationally: 61.1% in 2025. Highest values: Harghita (74.8%), Olt (70.2%), Mureș (69.9%), Sălaj (69.8%), Cluj (67.9%). Lowest: Hunedoara (55%), Mehedinți (55.3%), Giurgiu (55.5%), Dâmbovița (57%), București (58.7%). 42 counties with data.
Companies with a net loss · % of those reporting a result
Nationally: 49.5% in 2025. Highest values: Constanța (49.5%), Caraș-Severin (43.8%), București (42.7%), Ilfov (42.6%), Hunedoara (42%). Lowest: Maramureș (28.3%), Vaslui (28.3%), Gorj (30.4%), Olt (30.7%), Botoșani (30.7%). 42 counties with data.
Companies with negative equity · % of those reporting equity
Nationally: 42.9% in 2025. Highest values: Constanța (42.9%), Cluj (40.7%), Bihor (40%), Alba (39.5%), Caraș-Severin (39%). Lowest: Neamț (25.3%), Giurgiu (25.7%), Călărași (26.1%), Suceava (26.6%), Olt (26.7%). 42 counties with data.
Share of the top 10 companies in turnover · %
Nationally: 27.9% in 2025. Highest values: Botoșani (79.6%), Brăila (70.2%), Bistrița-Năsăud (69.9%), Sibiu (69.3%), Vaslui (68.9%). Lowest: Timiș (19.8%), Cluj (27.6%), Constanța (27.9%), Brașov (30.9%), Suceava (32.3%). 42 counties with data.
Median turnover · RON
Nationally: 108.64K RON in 2025. Highest values: Giurgiu (268.66K RON), Dâmbovița (228.45K RON), Ilfov (217.93K RON), Mehedinți (190.98K RON), Covasna (188.12K RON). Lowest: Vrancea (74.13K RON), Alba (85.3K RON), Hunedoara (88.16K RON), Vaslui (91.9K RON), Cluj (93.55K RON). 42 counties with data.
Turnover per employee · RON
Nationally: 327.6K RON in 2025. Highest values: București (834.44K RON), Botoșani (685.87K RON), Sibiu (596.54K RON), Ilfov (586.54K RON), Bistrița-Năsăud (576.53K RON). Lowest: Covasna (212.04K RON), Hunedoara (234.32K RON), Tulcea (241.83K RON), Teleorman (262.08K RON), Harghita (274.03K 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 · Constanța · CAEN 4120.
In Constanța, the 2025 report covers 1,324 companies with available indicators (CAEN 4120). This is the observed sample, not the number of all registered companies.
The median net margin is 6.6% in 2025, computed for 796 companies with positive sales and a known net result, including loss-making companies. 528 companies do not meet these conditions.
37 companies have strictly positive margins of at most 2% (4.6% of eligible companies). 304 eligible companies have negative margins.
517 of 1,324 companies with a known net result are profitable: 39%. The cumulative net result, after subtracting losses, is 109.69M RON.
The cumulative turnover of the 913 comparable companies changed by -7.5% between 2024 and 2025, in nominal RON.
Tuzla (Constanța), CAEN 4120, 2025: 11 located companies, 17 employees reported, 2.53M RON net result and 45.7% median net margin (6 eligible companies).
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Alba | 727 | 649.15M RON | 50.62M RON | 1,967 | 264.3M RON | 5.1% |
| Arad | 765 | 953.69M RON | 93.46M RON | 2,004 | 265.21M RON | 9% |
| Argeș | 959 | 1.02B RON | 84.83M RON | 3,094 | 400.43M RON | 6.5% |
| Bacău | 941 | 829.95M RON | 92.69M RON | 2,397 | 384.57M RON | 9.5% |
| Bihor | 1,435 | 1.29B RON | 96.5M RON | 3,635 | 242.59M RON | 5.4% |
| Bistrița-Năsăud | 794 | 1.56B RON | 232.16M RON | 2,708 | 543.57M RON | 7.3% |
| Botoșani | 352 | 1.25B RON | 166.54M RON | 1,791 | 312.87M RON | 12% |
| Brăila | 259 | 270.19M RON | 32.32M RON | 802 | 87.57M RON | 8.8% |
| Brașov | 1,445 | 1.52B RON | 109.03M RON | 3,449 | 373.37M RON | 8% |
| București | 4,182 | 15.11B RON | 1.74B RON | 17,832 | 4.21B RON | 10% |
| Buzău | 389 | 455.15M RON | 23.65M RON | 1,354 | 116.79M RON | 8.1% |
| Călărași | 379 | 474.86M RON | 63.65M RON | 998 | 138.41M RON | 14.6% |
| Caraș-Severin | 249 | 203.1M RON | 23.27M RON | 669 | 114.76M RON | 3.4% |
| Cluj | 2,123 | 1.75B RON | 169.97M RON | 4,436 | 831.29M RON | 8.1% |
| Constanța | 1,324 | 1.13B RON | 109.69M RON | 3,393 | 216.4M RON | 6.6% |
| Covasna | 229 | 156.51M RON | 15.13M RON | 722 | 45.86M RON | 6.3% |
| Dâmbovița | 722 | 848.5M RON | 92.82M RON | 2,448 | 230.23M RON | 8.2% |
| Dolj | 753 | 815.56M RON | 100.63M RON | 2,538 | 380.29M RON | 9.7% |
| Galați | 753 | 882.64M RON | 81.34M RON | 2,735 | 389.03M RON | 9.8% |
| Giurgiu | 778 | 822.98M RON | 131.48M RON | 2,046 | 223.31M RON | 24% |
| Gorj | 582 | 497.18M RON | 84.25M RON | 1,661 | 170.88M RON | 11.1% |
| Harghita | 492 | 606.25M RON | 65.66M RON | 2,195 | 251.97M RON | 6.7% |
| Hunedoara | 510 | 302.68M RON | 28.7M RON | 1,255 | 74.64M RON | 3.4% |
| Ialomița | 203 | 227.72M RON | 21.7M RON | 733 | 34.05M RON | 9.3% |
| Iași | 1,164 | 2.18B RON | 167M RON | 4,673 | 685.62M RON | 8% |
| Ilfov | 1,840 | 3.04B RON | 299.66M RON | 5,072 | 1.41B RON | 10.4% |
| Județ necunoscut | 23 | 21.24M RON | 2M RON | 62 | 6.16M RON | 7.5% |
| Maramureș | 1,188 | 1.18B RON | 195.11M RON | 3,304 | 469.24M RON | 8.6% |
| Mehedinți | 194 | 259.96M RON | 49.85M RON | 762 | 122.15M RON | 9.6% |
| Mureș | 786 | 874.64M RON | 113.56M RON | 2,258 | 305.85M RON | 9.2% |
| Neamț | 660 | 554.28M RON | 48.78M RON | 1,964 | 164.37M RON | 6.6% |
| Olt | 659 | 996.15M RON | 140.99M RON | 2,803 | 424.02M RON | 15.5% |
| Prahova | 1,644 | 2.02B RON | 221.74M RON | 5,185 | 640.79M RON | 9% |
| Sălaj | 504 | 388.93M RON | 87.46M RON | 1,195 | 206.81M RON | 5.9% |
| Satu Mare | 980 | 1.29B RON | 133.22M RON | 2,906 | 338.16M RON | 6.9% |
| Sibiu | 768 | 1.52B RON | 166.31M RON | 2,473 | 494.52M RON | 8% |
| Suceava | 1,181 | 1.06B RON | 150.69M RON | 3,072 | 433.56M RON | 9.9% |
| Teleorman | 258 | 193.19M RON | 20.42M RON | 691 | -25.49M RON | 10.8% |
| Timiș | 1,682 | 1.21B RON | 131.27M RON | 3,340 | 431.08M RON | 9.6% |
| Tulcea | 212 | 101.46M RON | 16.68M RON | 408 | -48.16M RON | 9.7% |
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Constanța | 601 | 642.47M RON | 69.85M RON | 1,786 | 53.36M RON | 7.2% |
| Eforie | 18 | 7.07M RON | 906.92K RON | 35 | -335.25K RON | 20.6% |
| Mangalia | 44 | 40.54M RON | 5.96M RON | 76 | 8.05M RON | 9.8% |
| Năvodari | 111 | 132.17M RON | 9.54M RON | 237 | 95.49M RON | 6.3% |
| Techirghiol | 8 | 5.42M RON | 549.94K RON | 43 | 3.23M RON | 5.6% |
| Agigea | 28 | 28.48M RON | 708.99K RON | 125 | -473.95K RON | 3.7% |
| 23 August | 10 | 1.29M RON | 99.65K RON | 14 | 772.51K RON | 16.7% |
| Limanu | 7 | 2.28M RON | 340.61K RON | 23 | 683.48K RON | 11.4% |
| Ovidiu | 40 | 11.11M RON | 4.34M RON | 34 | 4.03M RON | -0.9% |
| Tuzla | 11 | 13.4M RON | 2.53M RON | 17 | 15.71K RON | 45.7% |
| Cernavodă | 31 | 49.08M RON | 360.22K RON | 174 | 12.45M RON | 1.1% |
| Hârșova | 5 | 2.91M RON | 844.9K RON | 18 | 1.46M RON | 33.9% |
| Medgidia | 51 | 30.18M RON | 932.45K RON | 123 | 1.01M RON | 2.7% |
| Adamclisi | 9 | 2.16M RON | -285.02K RON | 12 | -1.16M RON | -12.3% |
| Albești | 6 | 638.43K RON | 123.46K RON | 6 | 646.06K RON | 5.9% |
| Aliman | 7 | 2.41M RON | 114.28K RON | 27 | -26.18K RON | 5.8% |
| Băneasa | 8 | 3.18M RON | -1.1M RON | 24 | -285.76K RON | -9.9% |
| Castelu | 5 | 817.85K RON | 72.59K RON | 1 | 277.92K RON | 7.7% |
| Chirnogeni | 1 | — | -2.65K RON | — | 51.65K RON | — |
| Ciobanu | 2 | 649.05K RON | -2.46K RON | 6 | 133.33K RON | 5.5% |
| Ciocârlia | 1 | 2.32M RON | 527.18K RON | 20 | 282.83K RON | 22.7% |
| Cobadin | 13 | 6.46M RON | 163.02K RON | 30 | -2.86M RON | -28.9% |
| Cogealac | 6 | 10.65M RON | 2.97M RON | 20 | 4.14M RON | 19.5% |
| Comana | 1 | 0 RON | 0 RON | 0 | 200 RON | — |
| Corbu | 11 | 22.88M RON | -266.42K RON | 83 | 1.49M RON | 0.4% |
| Crucea | 2 | 870.6K RON | 202.35K RON | 10 | -16.21K RON | 23.2% |
| Cumpăna | 31 | 13.91M RON | 401.65K RON | 76 | 2.76M RON | 0.3% |
| Deleni | 6 | 2.4M RON | 353.51K RON | 12 | 387.76K RON | 26% |
| Dobromir | 5 | 1.28M RON | 258.14K RON | 5 | 202.19K RON | 40.4% |
| Gârliciu | 3 | 198.77K RON | -31.08K RON | 3 | -5.19K RON | -13.3% |
| Ghindărești | 5 | 3.16M RON | 53.16K RON | 21 | -74.43K RON | -1.8% |
| Independența | 1 | 3.75K RON | 2.57K RON | 0 | -102.42K RON | 68.5% |
| Ion Corvin | 1 | — | -14.18K RON | — | -1.93K RON | — |
| Istria | 1 | 8.5M RON | 167.88K RON | 9 | 168.12K RON | 2% |
| Mereni | 6 | 8.22M RON | 599.41K RON | 19 | 1.21M RON | -10.3% |
| Mihail Kogălniceanu | 17 | 7.78M RON | 1.92M RON | 37 | 5.81M RON | 12.6% |
| Mihai Viteazu | 10 | 1.28M RON | 94.32K RON | 6 | 971.97K RON | 2% |
| Mircea Vodă | 8 | 1.42M RON | 678.04K RON | 4 | 2.52M RON | 43.8% |
| Murfatlar | 12 | 3.89M RON | -331.72K RON | 18 | 3.21M RON | 8.7% |
| Negru Vodă | 2 | 363.22K RON | -139.52K RON | 4 | 112.69K RON | -2% |
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 |
| UAT Mangalia | 44 | 81.62M RON |
| UAT Mihail Kogălniceanu | 5 | 20.84M RON |
| UAT Constanța | 506 | 5.36B RON |
| UAT Medgidia | 19 | 152.61M RON |
| UAT Agigea | 20 | 170.72M RON |
| UAT Năvodari | 2 | 7.27M RON |
| UAT Dobromir | 1 | 1.04M RON |
| UAT Cobadin | 1 | 161.88M RON |
| UAT Nicolae Bălcescu | 1 | 498.74K RON |
| UAT Cernavodă | 12 | 23.99M RON |
| UAT Crucea | 4 | 13.47M 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 — Constanța, CAEN 4120, Tuzla. Version 20260918174703963, computed on 2026-09-18T17:47:03.963Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Constan%C8%9Ba&caen=4120&uat=60721#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
