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 46192025
Covasna: 57.83M RON
Loading localities…

Equity · RON

Blue: low valuesYellow: high values
-17.4M
31.8M
238.5M
637.6M
1.2B

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: Covasna · CAEN 4619

Covasna · Intermedieri în comerțul cu produse diverse · CAEN 4619 · balance sheets available for 2025

Size of the selection

Updated 9/18/2026, 8:47:03 PM · balance sheets 2025 / 2024

Companies analysed
74
With at least one financial indicator available
Cumulative turnover
137.33M RON
71 companies with a known value
Cumulative net result
7.58M RON
74 companies · profit minus losses
Employees reported
220
67 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.

Covasna holds 1% of observed sales in the selected sector, with 74 companies.

Counties by turnover

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

  1. 4.29B RON31.2%
  2. 1.31B RON9.6%
  3. 1.02B RON7.4%
  4. 824.56M RON6%
  5. 749.94M RON5.5%
  6. 690.12M RON5%
  7. 366.37M RON2.7%
  8. 348.33M RON2.5%

Where the employees are

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

  1. 2,93921.5%
  2. 1,1698.5%
  3. 8796.4%
  4. 8686.3%
  5. 5944.3%
  6. 5904.3%
  7. 5804.2%
  8. 5263.8%
/02CAEN sectors

Which sectors drive the economy?

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

In Fabricarea produselor lactate și a brânzeturilor, ten companies make 100% of sales. In Comerț alimentar nespecializat, only 31.9%.

SECTOR RADIOGRAPHY

Intermedieri în comerțul cu produse diverse · Covasna

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 produselor lactate și a brânzeturilor100%
  2. Comerț alimentar nespecializat31.9%
40 sectors · descending orderTurnover · 2025
01
11 companies

1.42B RON

Turnover · 2025/2024+13.1%

7 comparable

Top 10 companies

100%

02
331 companies

833.82M RON

Turnover · 2025/2024+0.6%

267 comparable

Top 10 companies

57.6%

03
18 companies

796.2M RON

Turnover · 2025/2024-13.8%

11 comparable

Top 10 companies

100%

04
7 companies

557.51M RON

Turnover · 2025/2024+2.2%

6 comparable

Top 10 companies

100%

05
333 companies

523.26M RON

Turnover · 2025/2024+0.8%

287 comparable

Top 10 companies

31.9%

06
3 companies

311.85M RON

Turnover · 2025/2024+3.4%

3 comparable

Top 10 companies

100%

07
31 companies

249.79M RON

Turnover · 2025/2024+18.3%

30 comparable

Top 10 companies

84.6%

08
55 companies

239M RON

Turnover · 2025/2024+37.3%

27 comparable

Top 10 companies

94.8%

09
13 companies

227.75M RON

Turnover · 2025/2024+8.7%

12 comparable

Top 10 companies

99.7%

10
7 companies

225.74M RON

Turnover · 2025/2024+0.2%

5 comparable

Top 10 companies

100%

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 162.24K RON a year and keeps 7.3% of sales as net profit.

Median turnover
162.24K RON
71 values available
Median net margin
7.3%
53 eligible companies
Aggregate net margin
5.8%
Cumulative profit / cumulative sales, same companies
Profitable companies
52.7%
39 of 74 with a known result
National median · CAEN 4619
12.8%
Same activity, all of Romania

Distribution of net margins

Companies by margin band · net profit / positive turnover

  • Loss1426.4%
  • Zero result00%
  • Above 0–2%59.4%
  • Above 2–5%713.2%
  • Above 5–10%59.4%
  • Above 10%2241.5%

53 companies with a known profit and positive sales; 21 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.

43.4% of the 53 comparable companies sold more in 2025 than in 2024.

Cumulative turnover
+5.6%
53 companies with turnover in both years
Median turnover change
-1%
Only companies with a positive 2024 baseline
Number of employees
+1.9%
40 companies with employees reported in both years

More sales or fewer?

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

  • Growth2343.4%
  • Decline2750.9%
  • No change35.7%

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 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: +5.6% in 2025. Highest values: Botoșani (+83.1%), Vaslui (+29.3%), Sălaj (+23.8%), București (+20.7%), Teleorman (+19.3%). Lowest: Giurgiu (-91.4%), Bacău (-21.8%), Iași (-20.7%), Buzău (-20.5%), Ialomița (-13.6%). 42 counties with data.

The five-year growth pace

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

Nationally: +8.4% in 2025. Highest values: Tulcea (+29.9%), Vaslui (+27.2%), Botoșani (+18.5%), Suceava (+16.6%), Galați (+16.6%). Lowest: Ialomița (-11.8%), Buzău (-0.5%), Timiș (+0.9%), Gorj (+1.4%), Sălaj (+2.3%). 42 counties with data.

How many companies still file after five years

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

Nationally: 70.1% in 2025. Highest values: Mehedinți (76.9%), Mureș (74.3%), Maramureș (73.9%), Bistrița-Năsăud (73.9%), Giurgiu (73.5%). Lowest: Vaslui (41.2%), Tulcea (47.8%), Olt (50.8%), Hunedoara (62.2%), Botoșani (63.2%). 42 counties with data.

Where money is lost

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

Nationally: 32.4% in 2025. Highest values: Constanța (40.7%), Giurgiu (37.7%), Hunedoara (37%), Arad (36.2%), Mureș (35.5%). Lowest: Teleorman (16.2%), Ialomița (17.1%), Bistrița-Năsăud (19.6%), Caraș-Severin (20%), Vaslui (21.3%). 42 counties with data.

Companies with negative equity

Companies with negative equity · % of those reporting equity

Nationally: 29.7% in 2025. Highest values: Buzău (35.1%), Constanța (35%), Hunedoara (33.1%), Galați (31.6%), Vâlcea (31.3%). Lowest: Teleorman (10.8%), Ialomița (14.6%), Botoșani (14.7%), Gorj (15%), Bistrița-Năsăud (15.5%). 42 counties with data.

How much the top 10 hold

Share of the top 10 companies in turnover · %

Nationally: 86.5% in 2025. Highest values: Tulcea (100%), Botoșani (97.8%), Caraș-Severin (93.5%), Călărași (93.1%), Mehedinți (91.5%). Lowest: București (37%), Cluj (39.7%), Iași (47.4%), Prahova (47.5%), Ilfov (49.6%). 42 counties with data.

What the middle company earns

Median turnover · RON

Nationally: 162.24K RON in 2025. Highest values: Ialomița (231.14K RON), Ilfov (213.5K RON), Iași (204.59K RON), Brașov (197.72K RON), București (196.86K RON). Lowest: Tulcea (32.24K RON), Sălaj (81.76K RON), Caraș-Severin (82.28K RON), Vrancea (84.9K RON), Harghita (84.98K RON). 42 counties with data.

Turnover per employee

Turnover per employee · RON

Nationally: 602.47K RON in 2025. Highest values: Bihor (1.67M RON), Botoșani (1.59M RON), Mureș (1.24M RON), Dâmbovița (1.22M RON), Galați (1.18M RON). Lowest: Sălaj (280.24K RON), Maramureș (319.07K RON), Vaslui (323.02K RON), Mehedinți (360.26K RON), Olt (415.39K 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 · Covasna · CAEN 4619.

In Covasna, the 2025 report covers 74 companies with available indicators (CAEN 4619). This is the observed sample, not the number of all registered companies.

The median net margin is 7.3% in 2025, computed for 53 companies with positive sales and a known net result, including loss-making companies. 21 companies do not meet these conditions.

5 companies have strictly positive margins of at most 2% (9.4% of eligible companies). 14 eligible companies have negative margins.

39 of 74 companies with a known net result are profitable: 52.7%. The cumulative net result, after subtracting losses, is 7.58M RON.

The cumulative turnover of the 53 comparable companies changed by +5.6% between 2024 and 2025, in nominal RON.

Ilieni (Covasna), CAEN 4619, 2025: 1 located companies, 0 employees reported, 0 RON net result and — median net margin (0 eligible companies).

Counties · 43
Counties · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Alba11476.53M RON9.45M RON14546.1M RON15.9%
Arad3261.02B RON7.27M RON87922.65M RON8.9%
Argeș230206.45M RON19.51M RON28651M RON14%
Bacău200258.05M RON22.86M RON31967.4M RON13.2%
Bihor361690.12M RON65.05M RON386423.13M RON16.5%
Bistrița-Năsăud9784.09M RON10.88M RON11224.13M RON14.6%
Botoșani3480.84M RON7.62M RON3014.66M RON9.6%
Brăila7349.65M RON4.86M RON7623.68M RON6.9%
Brașov509824.56M RON79.36M RON868415.46M RON11.4%
București2,0694.29B RON451.49M RON2,9391.23B RON12.5%
Buzău5725.92M RON5.13M RON31-17.41M RON20.7%
Călărași3745.63M RON557.2K RON466.95M RON1.1%
Caraș-Severin4016.77M RON2.16M RON3810.28M RON16.6%
Cluj494348.33M RON53.5M RON580113.22M RON23%
Constanța263329.92M RON19.48M RON27583.28M RON8%
Covasna74137.33M RON7.58M RON22057.83M RON7.3%
Dâmbovița9781.96M RON8.12M RON6214.04M RON17.4%
Dolj289342.57M RON30.14M RON52681.17M RON12.9%
Galați155184.42M RON18.45M RON14435.96M RON15%
Giurgiu5374.87M RON-2.04M RON1035.48M RON4.1%
Gorj11371.4M RON10.1M RON14127.51M RON13%
Harghita109175.42M RON9.92M RON27124.57M RON12.7%
Hunedoara127129.96M RON629.39K RON19420.29M RON4%
Ialomița4153.45M RON5.95M RON8219.73M RON30.7%
Iași309366.37M RON35.5M RON590101.7M RON9.7%
Ilfov6351.31B RON103.59M RON1,169273.14M RON14.6%
Județ necunoscut54.95M RON555.49K RON261.98M RON7.4%
Maramureș146108.31M RON11.3M RON31745.67M RON12%
Mehedinți4124.12M RON5.95M RON6610.5M RON32.3%
Mureș251749.94M RON27.19M RON59449.63M RON9.4%
Neamț229228.94M RON27.24M RON326108.76M RON8.5%
Olt202107.99M RON19.53M RON23059.22M RON23.4%
Prahova309210.53M RON23.59M RON41984.56M RON9.4%
Sălaj5713.1M RON1.59M RON344.67M RON25.3%
Satu Mare6661.4M RON2.48M RON10810.24M RON8.9%
Sibiu173269.18M RON29.21M RON253110.58M RON13.3%
Suceava141208.85M RON15.52M RON21858.16M RON16.8%
Teleorman3723.24M RON2.22M RON357.03M RON13.6%
Timiș369275.62M RON36.04M RON27075.28M RON22.1%
Tulcea2014.79M RON2.18M RON242.23M RON17.9%
CAEN sectors · Covasna · 40
CAEN sectors · Covasna · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Fabricarea produselor lactate și a brânzeturilor · CAEN 1051111.42B RON110.21M RON806662.22M RON4.8%
Transport rutier de mărfuri · CAEN 4941331833.82M RON46.26M RON1,548193.93M RON4.3%
Tăierea și rindeluirea lemnului · CAEN 161118796.2M RON34.12M RON642558.92M RON0.3%
Comerț cu ridicata al cărnii și produselor din carne (Rev.2) / Comerț cu ridicata al cărnii și produselor din carne, pește și produse din pește, crustacee și moluște (Rev.3) · CAEN 46327557.51M RON8.55M RON61327.69M RON2.8%
Comerț alimentar nespecializat · CAEN 4711333523.26M RON9.86M RON1,16355.17M RON1.4%
Fabricarea hârtiei și cartonului ondulat și a ambalajelor din hârtie și carton · CAEN 17213311.85M RON-73.78M RON33831.03M RON2.1%
Comerț cu ridicata al fructelor și legumelor · CAEN 463131249.79M RON10.68M RON4722.39M RON1.1%
Construcții de clădiri · CAEN 410055239M RON10.57M RON64678.24M RON10.1%
Comerț cu ridicata al materialului lemnos și a materialelor de construcție și echipamentelor sanitare · CAEN 468313227.75M RON10.89M RON29375.92M RON4.5%
Comerț cu ridicata al metalelor și minereurilor metalice (Rev.2) / Comerț cu ridicata al pieselor și accesoriilor pentru autovehicule (Rev.3) · CAEN 46727225.74M RON1.48M RON21551.25M RON4.9%
Comerț cu ridicata cu cafea, ceai, cacao și condimente · CAEN 46376217.26M RON12.63M RON14946.3M RON5.8%
Fabricarea pâinii; fabricarea prăjiturilor și a produselor proaspete de patiserie · CAEN 107178216.51M RON19.72M RON94878.49M RON1.2%
Operațiuni de mecanică generală · CAEN 25534213.57M RON9.69M RON20867.19M RON27.4%
Comerț cu ridicata nespecializat · CAEN 469048195.8M RON10.79M RON17149.93M RON4.4%
Exploatarea forestieră · CAEN 0220105195.74M RON4.11M RON627107.75M RON2.1%
Fabricarea articolelor de îmbrăcăminte · CAEN 14214188.6M RON-13.84M RON1,564137.98M RON-8.4%
Activități de telecomunicații prin rețele cu cablu (Rev.2) / Activități de telecomunicații prin rețele cu cablu, prin rețele fără cablu și prin satelit (Rev.3) · CAEN 61106166.66M RON25.52M RON13861.58M RON7.4%
Comerț cu amănuntul al produselor farmaceutice · CAEN 477328161.94M RON7.87M RON16943.08M RON4.3%
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat · CAEN 462114158.64M RON4.44M RON348.53M RON3.3%
Construcții de clădiri · CAEN 4120229156.51M RON15.13M RON72245.86M RON6.3%
Cultivarea legumelor și a pepenilor, a rădăcinoaselor și tuberculilor (Rev.2) / Cultivarea legumelor și a pepenilor, a rădăcinoaselor și tuberculiferelor (Rev.3) · CAEN 011339149.5M RON12.57M RON227148.78M RON4.1%
Hoteluri și alte facilități de cazare similare · CAEN 551029146.5M RON6.08M RON672197.84M RON0.5%
Lucrări de construcții a drumurilor și autostrăzilor · CAEN 421113138.71M RON15.88M RON311137.16M RON9.2%
Intermedieri în comerțul cu produse diverse · CAEN 461974137.33M RON7.58M RON22057.83M RON7.3%
Prelucrarea și conservarea cărnii de pasăre · CAEN 10122122.23M RON9.86M RON26646.11M RON8.1%
Tăierea și rindeluirea lemnului · CAEN 161061121.39M RON3.55M RON40749.21M RON1.7%
Comerț cu amănuntul al articolelor de fierărie, al articolelor din sticlă și a celor pentru vopsit, în magazine specializate (Rev.2) / Comerț cu amănuntul al articolelor de fierărie, al materialelor de construcții, al articolelor din sticlă și a celor pentru vopsit (Rev.3) · CAEN 475224104.6M RON6.69M RON11925.84M RON5.3%
Fabricarea articolelor din material plastic pentru construcții (Rev.2) / Fabricarea de uși și ferestre din material plastic (Rev.3) · CAEN 2223893.89M RON3M RON21355.3M RON0.3%
Fabricarea ambalajelor din lemn · CAEN 1624592.15M RON221.85K RON11012.26M RON-0.1%
Lucrări de instalații electrice · CAEN 43215690.79M RON10.65M RON23929.73M RON14.1%
Fabricarea articolelor de ambalaj din material plastic · CAEN 22221286.08M RON3.87M RON17746.5M RON0.8%
Comerț cu amănuntul nespecializat, cu vânzare predominantă de produse nealimentare · CAEN 47121384.43M RON3.51M RON9818.71M RON6.7%
Comerț cu ridicata nespecializat de produse alimentare, băuturi și tutun · CAEN 46391279.12M RON1.69M RON12419.66M RON1.4%
Colectarea deșeurilor nepericuloase · CAEN 3811870.21M RON5.83M RON35925.35M RON5.3%
Operațiuni de mecanică generală (Rev.2) / Fabricarea articolelor de feronerie (Rev.3) · CAEN 25621668.03M RON-2.59M RON25520.79M RON0.6%
Producția de băuturi răcoritoare nealcoolice; producția de ape minerale și alte ape îmbuteliate · CAEN 1107866.07M RON12.27M RON12114.54M RON1.5%
Captarea, tratarea și distribuția apei · CAEN 3600465.25M RON5.79M RON30236.76M RON9%
Comerț cu ridicata al combustibililor solizi, lichizi și gazoși și al produselor derivate · CAEN 4681263.51M RON742.88K RON32.74M RON4.5%
Fabricarea produselor din beton pentru construcții · CAEN 2361761.15M RON8.23M RON6052.75M RON9.8%
Extracția pietrișului și nisipului; extracția argilei și caolinului · CAEN 08121059.86M RON3.77M RON10026.15M RON7.8%
Local units · Covasna · 20
Local units · Covasna · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Sfântu Gheorghe40110.64M RON5.66M RON14251.01M RON9.4%
Baraolt15.65M RON12.09K RON1-70.12K RON0.2%
Covasna2437.2K RON5.11K RON2795.45K RON-12.1%
Întorsura Buzăului2644.11K RON-77.33K RON1174.11K RON-13.9%
Barcani10 RON0 RON0-18.87K RON
Târgu Secuiesc68.68M RON803.92K RON481.39M RON13.4%
Bodoc2445.04K RON-222.12K RON7-237.96K RON-44.3%
Brateș3139.94K RON28.06K RON1107.98K RON-1.1%
Brețcu1727.49K RON154.41K RON1264.72K RON21.2%
Catalina13.25M RON1M RON32.97M RON30.9%
Cernat23.03M RON-203.06K RON6404.51K RON-9.3%
Chichiș21.18M RON159.42K RON2479.33K RON13.5%
Dobârlău10 RON-23.23K RON08.02K RON
Hăghig1-1.01K RON1-508 RON
Ilieni10 RON0 RON0-49.01K RON
Reci1231.67K RON10.62K RON168.4K RON4.6%
Turia2393.1K RON-79.96K RON273.42K RON-1.4%
Zagon170.13K RON1.71K RON1.95K RON2.4%
Mereni10 RON27.19K RON
Arcuș31.83M RON349.44K RON2429.75K RON20.2%
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 Ilieni136.03K RON
UAT Ozun48.38M RON
UAT Zăbala21.18M RON
UAT Sfântu Gheorghe118645.91M RON
UAT Bățani313.82M RON
UAT Târgu Secuiesc2229.05M RON
UAT Bixad12.97M RON
UAT Turia212.73M RON
UAT Ghelința25.77M RON
UAT Estelnic1375K RON
UAT Brăduț152.5K RON
UAT Ojdula34.47M RON
UAT Bodoc115.68M RON
UAT Aita Mare1996.63K RON
UAT Chichiș11.81M RON
UAT Mereni17.85M RON
UAT Reci314.57M RON
UAT Zagon719.13M RON
UAT Cernat113.64M RON
UAT Brateș14.5M RON
UAT Sita Buzăului38.48M RON
UAT Vârghiș19.16M RON
UAT Lemnia19.43M RON
UAT Dobârlău44.63M RON

Cite the report

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 — Covasna, CAEN 4619, Ilieni. Version 20260918174703963, computed on 2026-09-18T17:47:03.963Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Covasna&caen=4619&uat=64425#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260918174703963

/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