Statistics / Annual report

Romania, county by county. 2025

Capital, people and business. Discover the differences on the map.

42 TERRITORIES · BALANCE SHEETS AND TENDERS 2025

Where capital gathers

Explore the localities
Main activity · CAEN 41202025
Tulcea: -48.16M RON
Loading localities…

Equity · RON

Blue: low valuesYellow: high values
-48.2M
121.6M
840.5M
2.2B
4.2B

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

Report financial filters: Tulcea · CAEN 4120

Tulcea · Construcții de clădiri · CAEN 4120 · balance sheets available for 2025

Size of the selection

Updated 9/18/2026, 2:44:30 PM · balance sheets 2025 / 2024

Companies analysed
212
With at least one financial indicator available
Cumulative turnover
101.46M RON
187 companies with a known value
Cumulative net result
16.68M RON
212 companies · profit minus losses
Employees reported
408
176 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.

Tulcea holds 0.2% of observed sales in the selected sector, with 212 companies.

Counties by turnover

Top 8 · 2025 balance sheets · share of the located-county total

  1. 15.11B RON29.1%
  2. 3.04B RON5.8%
  3. 2.18B RON4.2%
  4. 2.02B RON3.9%
  5. 1.75B RON3.4%
  6. 1.56B RON3%
  7. 1.52B RON2.9%
  8. 1.52B RON2.9%

Where the employees are

Top 8 by reported average headcount · share of the located-county total

  1. 17,83216%
  2. 5,1854.6%
  3. 5,0724.5%
  4. 4,6734.2%
  5. 4,4364%
  6. 3,6353.3%
  7. 3,4493.1%
  8. 3,3933%
/02CAEN sectors

Which sectors drive the economy?

Compare the main activities in Tulcea. Open a sector for details.

In Fabricarea betonului, ten companies make 100% of sales. In Comerț alimentar nespecializat, only 39.1%.

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

  1. Fabricarea betonului100%
  2. Comerț alimentar nespecializat39.1%
40 sectors · descending orderTurnover · 2025
01
56 companies

3.06B RON

Turnover · 2025/2024+33.8%

47 comparable

Top 10 companies

92.1%

02
407 companies

1.13B RON

Turnover · 2025/2024+12.8%

369 comparable

Top 10 companies

40.9%

03
640 companies

729.4M RON

Turnover · 2025/2024+7%

521 comparable

Top 10 companies

39.1%

04
18 companies

728.97M RON

Turnover · 2025/2024+22%

17 comparable

Top 10 companies

99.8%

05
8 companies

721.76M RON

Turnover · 2025/2024+176.8%

8 comparable

Top 10 companies

100%

06
70 companies

519.62M RON

Turnover · 2025/2024+11.6%

51 comparable

Top 10 companies

87%

07
111 companies

448.54M RON

Turnover · 2025/2024+46.5%

65 comparable

Top 10 companies

82.7%

08
6 companies

437.57M RON

Turnover · 2025/2024+127.6%

4 comparable

Top 10 companies

100%

09
274 companies

355.81M RON

Turnover · 2025/2024+2.5%

207 comparable

Top 10 companies

66%

10
148 companies

298.88M RON

Turnover · 2025/2024+35.4%

113 comparable

Top 10 companies

87.3%

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 100.41K RON a year and keeps 9.7% of sales as net profit.

Median turnover
100.41K RON
187 values available
Median net margin
9.7%
137 eligible companies
Aggregate net margin
20.9%
Cumulative profit / cumulative sales, same companies
Profitable companies
44.8%
95 of 212 with a known result
National median · CAEN 4120
8.8%
Same activity, all of Romania

Distribution of net margins

Companies by margin band · net profit / positive turnover

  • Loss4532.8%
  • Zero result00%
  • Above 0–2%64.4%
  • Above 2–5%85.8%
  • Above 5–10%107.3%
  • Above 10%6849.6%

137 companies with a known profit and positive sales; 75 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.

43.3% of the 157 comparable companies sold more in 2025 than in 2024.

Cumulative turnover
+7.4%
157 companies with turnover in both years
Median turnover change
+0.2%
Only companies with a positive 2024 baseline
Number of employees
-9.9%
132 companies with employees reported in both years

More sales or fewer?

Number of companies with comparable data, split by direction of change

  • Growth6843.3%
  • Decline6440.8%
  • No change2515.9%

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 2025: 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 2025−1

Nationally: +7.4% 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.

The five-year growth pace

Average annual turnover growth at the same companies · % per year, 5 years

Nationally: +10.7% 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.

How many companies still file after five years

Companies that filed five years ago and still file in 2025 · %

Nationally: 60.7% 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.

Where money is lost

Companies with a net loss · % of those reporting a result

Nationally: 38.2% 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

Companies with negative equity · % of those reporting equity

Nationally: 35.4% 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.

How much the top 10 hold

Share of the top 10 companies in turnover · %

Nationally: 59.5% 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.

What the middle company earns

Median turnover · RON

Nationally: 100.41K 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

Turnover per employee · RON

Nationally: 241.83K 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.

/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 · Tulcea · CAEN 4120.

In Tulcea, the 2025 report covers 212 companies with available indicators (CAEN 4120). This is the observed sample, not the number of all registered companies.

The median net margin is 9.7% in 2025, computed for 137 companies with positive sales and a known net result, including loss-making companies. 75 companies do not meet these conditions.

6 companies have strictly positive margins of at most 2% (4.4% of eligible companies). 45 eligible companies have negative margins.

95 of 212 companies with a known net result are profitable: 44.8%. The cumulative net result, after subtracting losses, is 16.68M RON.

The cumulative turnover of the 157 comparable companies changed by +7.4% between 2024 and 2025, in nominal RON.

Counties · 43
Counties · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Alba727649.15M RON50.62M RON1,967264.3M RON5.1%
Arad765953.69M RON93.46M RON2,004265.21M RON9%
Argeș9591.02B RON84.83M RON3,094400.43M RON6.5%
Bacău941829.95M RON92.69M RON2,397384.57M RON9.5%
Bihor1,4351.29B RON96.5M RON3,635242.59M RON5.4%
Bistrița-Năsăud7941.56B RON232.16M RON2,708543.57M RON7.3%
Botoșani3521.25B RON166.54M RON1,791312.87M RON12%
Brăila259270.19M RON32.32M RON80287.57M RON8.8%
Brașov1,4451.52B RON109.03M RON3,449373.37M RON8%
București4,18215.11B RON1.74B RON17,8324.21B RON10%
Buzău389455.15M RON23.65M RON1,354116.79M RON8.1%
Călărași379474.86M RON63.65M RON998138.41M RON14.6%
Caraș-Severin249203.1M RON23.27M RON669114.76M RON3.4%
Cluj2,1231.75B RON169.97M RON4,436831.29M RON8.1%
Constanța1,3241.13B RON109.69M RON3,393216.4M RON6.6%
Covasna229156.51M RON15.13M RON72245.86M RON6.3%
Dâmbovița722848.5M RON92.82M RON2,448230.23M RON8.2%
Dolj753815.56M RON100.63M RON2,538380.29M RON9.7%
Galați753882.64M RON81.34M RON2,735389.03M RON9.8%
Giurgiu778822.98M RON131.48M RON2,046223.31M RON24%
Gorj582497.18M RON84.25M RON1,661170.88M RON11.1%
Harghita492606.25M RON65.66M RON2,195251.97M RON6.7%
Hunedoara510302.68M RON28.7M RON1,25574.64M RON3.4%
Ialomița203227.72M RON21.7M RON73334.05M RON9.3%
Iași1,1642.18B RON167M RON4,673685.62M RON8%
Ilfov1,8403.04B RON299.66M RON5,0721.41B RON10.4%
Județ necunoscut2321.24M RON2M RON626.16M RON7.5%
Maramureș1,1881.18B RON195.11M RON3,304469.24M RON8.6%
Mehedinți194259.96M RON49.85M RON762122.15M RON9.6%
Mureș786874.64M RON113.56M RON2,258305.85M RON9.2%
Neamț660554.28M RON48.78M RON1,964164.37M RON6.6%
Olt659996.15M RON140.99M RON2,803424.02M RON15.5%
Prahova1,6442.02B RON221.74M RON5,185640.79M RON9%
Sălaj504388.93M RON87.46M RON1,195206.81M RON5.9%
Satu Mare9801.29B RON133.22M RON2,906338.16M RON6.9%
Sibiu7681.52B RON166.31M RON2,473494.52M RON8%
Suceava1,1811.06B RON150.69M RON3,072433.56M RON9.9%
Teleorman258193.19M RON20.42M RON691-25.49M RON10.8%
Timiș1,6821.21B RON131.27M RON3,340431.08M RON9.6%
Tulcea212101.46M RON16.68M RON408-48.16M RON9.7%
CAEN sectors · Tulcea · 40
CAEN sectors · Tulcea · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat · CAEN 4621563.06B RON63.74M RON399348.22M RON0.8%
Cultivarea cerealelor (excluzând orezul), plantelor leguminoase și a plantelor oleaginoase · CAEN 01114071.13B RON93.12M RON1,454788.98M RON6.5%
Comerț alimentar nespecializat · CAEN 4711640729.4M RON23.28M RON1,450118.13M RON2.9%
Comerț cu amănuntul al produselor farmaceutice · CAEN 477318728.97M RON-2.66M RON92843.71M RON1.7%
Fabricarea betonului · CAEN 23638721.76M RON10.31M RON17636.68M RON1.6%
Construcția de nave și structuri plutitoare (Rev.2) / Construcția de nave civile și structuri plutitoare (Rev.3) · CAEN 301170519.62M RON57.32M RON1,274217.55M RON30.2%
Construcții de clădiri · CAEN 4100111448.54M RON59.88M RON726229.56M RON10.6%
Lucrări de construcții a proiectelor utilitare pentru electricitate și telecomunicații · CAEN 42226437.57M RON50.41M RON1,08080.95M RON11.6%
Transport rutier de mărfuri · CAEN 4941274355.81M RON19.75M RON55667.39M RON5%
Comerț cu amănuntul în magazine nespecializate, cu vânzare predominantă de produse nealimentare · CAEN 4719148298.88M RON8.96M RON47962.2M RON3.4%
Comerț cu ridicata nespecializat de produse alimentare, băuturi și tutun · CAEN 463918284.5M RON7.9M RON28458.7M RON0.4%
Fabricarea pâinii; fabricarea prăjiturilor și a produselor proaspete de patiserie · CAEN 107184281.49M RON-33.61M RON95810.87M RON4.8%
Construcții hidrotehnice · CAEN 429111159.99M RON36.59M RON235159.93M RON14.1%
Extracția pietrei ornamentale și a pietrei pentru construcții, extracția pietrei calcaroase, ghipsului, cretei și a ardeziei · CAEN 081112151.89M RON6.11M RON18717.55M RON2.2%
Comerț cu ridicata al combustibililor solizi, lichizi și gazoși al produselor derivate (Rev.2) / Comerț cu ridicata al autovehiculelor (Rev.3) · CAEN 46714123.41M RON2.41M RON3116.66M RON3.8%
Creșterea ovinelor și caprinelor · CAEN 014517118.06M RON4.75M RON6124.55M RON2.5%
Comerț cu carburanți · CAEN 473011114.58M RON3.67M RON19818.97M RON3.5%
Intermedieri în comerțul cu materii prime agricole, animale vii, materii prime textile și cu bunuri semifinite (Rev.2) / Intermedieri în comerțul cu materii prime agricole, animale vii, materii prime textile și cu semifabricate (Rev.3) · CAEN 46118107.39M RON2.46M RON3410.97M RON44.3%
Dezvoltare (promovare) imobiliară · CAEN 68127107.26M RON1.45M RON6632.92M RON1.5%
Fabricarea de construcții metalice și părți componente ale structurilor metalice · CAEN 251155101.95M RON15.35M RON45227.85M RON14.4%
Construcții de clădiri · CAEN 4120212101.46M RON16.68M RON408-48.16M RON9.7%
Comerț cu amănuntul al produselor alimentare, băuturilor și produselor din tutun efectuat prin standuri, chioșcuri și piețe (Rev.2) / Comerț cu amănuntul al autovehiculelor (Rev.3) · CAEN 478122100.05M RON1.99M RON4715.63M RON2.8%
Hoteluri și alte facilități de cazare similare · CAEN 55106197.33M RON-341.68K RON42343.03M RON0.6%
Fabricarea produselor din carne (inclusiv din carne de pasăre) · CAEN 1013594.57M RON592.41K RON269105.55M RON-251.2%
Comerț cu ridicata nespecializat · CAEN 46903488.5M RON4.02M RON8927.22M RON3.6%
Comerț cu ridicata al materialului lemnos și a materialelor de construcție și echipamentelor sanitare · CAEN 46831286.23M RON2.49M RON7319.89M RON3.8%
Prelucrarea și conservarea fructelor și legumelor n.c.a. · CAEN 1039783.51M RON1.84M RON14651.34M RON-654.7%
Repararea și întreținerea autovehiculelor · CAEN 95314872.84M RON13.17M RON27635.35M RON6%
Restaurante · CAEN 561010072.25M RON4.26M RON35625.43M RON1.9%
Captarea, tratarea și distribuția apei · CAEN 36001670.98M RON1M RON4377.94M RON2.2%
Transportul de pasageri pe căi navigabile interioare · CAEN 503016968.73M RON2.69M RON29215.6M RON2.5%
Comerț cu amănuntul nespecializat, cu vânzare predominantă de produse nealimentare · CAEN 47127865.51M RON3.48M RON15519.58M RON1.6%
Colectarea deșeurilor nepericuloase · CAEN 38111464.41M RON4.29M RON27815.82M RON4.7%
Lucrări de instalații electrice · CAEN 43216260.83M RON9.66M RON21120.8M RON17.1%
Lucrări de instalații sanitare, de încălzire și de aer condiționat · CAEN 43227260.07M RON7.14M RON29823.18M RON10.4%
Activități de asistență stomatologică · CAEN 86236459.37M RON6.51M RON14315.21M RON9.7%
Activități de servicii anexe transporturilor pe apă · CAEN 52221156.83M RON5.44M RON7220.03M RON14.7%
Închirierea și subînchirierea bunurilor imobiliare proprii sau în leasing (Rev.2) / Închirierea și subînchirierea bunurilor imobiliare proprii sau închiriate (Rev.3) · CAEN 682010256.49M RON15.91M RON170142M RON19.4%
Depozitări · CAEN 5210855.43M RON-5.85M RON78117.67M RON1.3%
Facilități de cazare pentru vacanțe și perioade de scurtă durată · CAEN 552020853.54M RON3.21M RON25128.53M RON7.2%
Local units · Tulcea · 33
Local units · Tulcea · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Tulcea8764.05M RON14.52M RON215-29.91M RON9.7%
Babadag147.94M RON295.28K RON398.09M RON4.4%
Măcin71.99M RON151.04K RON12591.33K RON52.9%
Baia216.82K RON-41.11K RON2-66.68K RON-203.8%
Carcaliu2215.63K RON66.82K RON1234.3K RON31%
Casimcea270.78K RON12.46K RON121.78K RON17.9%
Ceatalchioi189.49K RON375 RON1703.13K RON0.4%
Ceamurlia de Jos1-2.45K RON37.22K RON
Chilia Veche225K RON-17.18K RON177.61K RON-68.4%
Ciucurova2343.18K RON-892.73K RON2-749.8K RON-260.4%
Dăeni20 RON-3.88M RON0-3.86M RON
Frecăței5710.76K RON97.09K RON8-651.13K RON10.1%
Greci257.13K RON33.82K RON076.52K RON63.4%
Izvoarele21.17M RON104.99K RON15-31.85K RON9%
Jijila5441.65K RON-160.27K RON5799.81K RON-49.3%
Jurilovca3419.47K RON259.05K RON2132.43K RON62.5%
Luncavița5255.2K RON-37.19K RON4-86.16K RON-17.1%
Maliuc1121.45K RON-18.32K RON1-9.76K RON-15.1%
Mihai Bravu5419.6K RON193.02K RON1362.66K RON38.2%
Mihail Kogălniceanu43.98M RON2.69M RON1855.45K RON-293.4%
Murighiol81.07M RON-91.34K RON411.46K RON29.8%
Nalbant10 RON-400 RON0-87.19K RON
Niculițel6650.2K RON-72.82K RON631.94K RON43.7%
Nufăru3986.66K RON97.47K RON11-127.27K RON14.8%
Sarichioi159.85M RON2.04M RON37-27.05M RON4%
Slava Cercheză61.41M RON708.84K RON7750.31K RON51.4%
Somova61.51M RON273.25K RON5600.29K RON21.6%
Stejaru1102K RON-45.41K RON1-6.41K RON-44.5%
Topolog32.01M RON138.34K RON12760.67K RON12.8%
Turcoaia3309.6K RON15.68K RON340.47K RON-757.9%
Valea Nucarilor31.06M RON258.11K RON10288.22K RON12.5%
Văcăreni1145.48K RON-31.71K RON1-10.55K RON-21.8%
Valea Teilor246.4K RON20.72K RON022.88K RON44.7%
SICAP tenders · values by territory

National series independent of CAEN: initiation notices published in 2025, by the authority's current office. Values are estimates, not payments.

Notices and estimated values, 2025
Territory / activityNoticesValue (RON)
Brașov8345.85B RON
Ialomița1801.07B RON
Iași1,08614.34B RON
Tulcea1771.17B RON
Mehedinți187918.76M RON
Vâlcea3842.27B RON
Mureș7408.41B RON
București6,659146.69B RON
Bacău4292.57B RON
Maramureș3712.83B RON
Botoșani3211.32B RON
Brăila3581.49B RON
Galați5775.68B RON
Dâmbovița3673.11B RON
Caraș-Severin2411.42B RON
Hunedoara4822.3B RON
Prahova5524.43B RON
Călărași174765.83M RON
Ilfov5536.78B RON
Constanța7577.24B RON
Bihor6584.49B RON
Sibiu9085.72B RON
Timiș9158.62B RON
Olt3041.2B RON
Cluj1,48415.53B RON
Vaslui3661.65B RON
Giurgiu1711.94B RON
Neamț3461.76B RON
Gorj6013.25B RON
Sălaj2651.1B RON
Alba3591.58B RON
Suceava5673.91B RON
Argeș5322.2B RON
Dolj66113.33B RON
Bistrița-Năsăud2721.71B RON
Teleorman2291.58B RON
Arad3863.25B RON
Buzău2781.02B RON
Vrancea2773.31B RON
Covasna2551.01B RON
Harghita3332.68B RON
Satu Mare2912.55B RON
Județ necunoscut2221.89M RON
UAT Tulcea92582.61M RON
UAT Murighiol314.27M RON
UAT Chilia Veche2666.5K RON
UAT Valea Nucarilor11.95M RON
UAT Stejaru11.11M RON
UAT Nufăru218.98M RON
UAT Topolog48.35M RON
UAT Horia12.27M RON
UAT Sulina2129.83M RON
UAT Sfântu Gheorghe118.7M RON
UAT Somova32.18M RON
UAT Beștepe25.5M RON

Cite the report

Computed on 9/18/2026, 2:44:30 PM · version 20260918114430147. Annual data may be revised when new balance sheets arrive.

DemoANAF.ro. Romania business report 2025 — Tulcea, CAEN 4120. Version 20260918114430147, computed on 2026-09-18T11:44:30.147Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Tulcea&caen=4120#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260918114430147

/07Registrations

In which months do new companies appear?

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.

Pace of registrations

Earliest available registration for each CUI · coverage not confirmed

Solid line: 2025

See the monthly data
Month2025
Jan6,313
Feb8,206
Mar8,589
Apr7,449
May8,145
Jun7,682
Jul10,734
Aug7,697
Sep9,208
Oct9,472
Nov9,682
Dec7,334

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 SEAP. National series, by contract date.

The month with the most SEAP contracts was April: 12,765 distinct contracts.

Contracts recorded in SEAP

A contract's lots and suppliers are not counted as separate contracts

Solid line: 2025

See the monthly data
Month2025
Jan10,684
Feb9,665
Mar11,690
Apr12,765
May11,213
Jun9,725
Jul9,714
Aug9,094
Sep9,436
Oct12,761
Nov12,032
Dec9,769

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 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.

Year-on-year comparisons

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.

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 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.

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.

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