Capital, people and business. Discover the differences on the map.
42 TERRITORIES · BALANCE SHEETS AND TENDERS 2025
Equity · RON
40 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 · Distribuție farmaceutică și medicală · CAEN 4646 · balance sheets available for 2025
Sales
+2.8%
1 comparable companies · 2025 / 2024
Profitability
19.8%
1 eligible companies · 100% of companies with a known result are profitable
Concentration
100%
Share of the selection's turnover · 2025
Updated 9/18/2026, 2:44:30 PM · balance sheets 2025 / 2024
Turnover and jobs, by the companies' current registered office. Pick a county from the list to continue the analysis.
București holds 65.5% of observed sales in the selected sector, with 775 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%.
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 4.33M RON a year and keeps 19.8% of sales as net profit.
Companies by margin band · net profit / positive turnover
1 companies with a known profit and positive sales; 0 excluded. Bands describe margins, not bankruptcy risk.
Same companies, two years. Compare the change in sales with the change in jobs.
100% of the 1 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
Highest values: Hunedoara (+26.9%), Satu Mare (+23.8%), Bacău (+22.9%), Bistrița-Năsăud (+22.3%), Sibiu (+20.2%). Lowest: Buzău (-55.7%), Brașov (-33.9%), Vaslui (-20.5%), Galați (-18.3%), Maramureș (-14.3%). 30 counties with data.
Average annual turnover growth at the same companies · % per year, 5 years
Highest values: Mureș (+20.8%), Prahova (+20.3%), Bistrița-Năsăud (+19.9%), Maramureș (+17.4%), Constanța (+17.1%). Lowest: Brașov (-7.9%), Galați (-5.4%), Buzău (-2.2%), Dâmbovița (-0.7%), Bacău (+0.4%). 27 counties with data.
Companies that filed five years ago and still file in 2025 · %
Highest values: Călărași (100%), Dâmbovița (100%), Teleorman (100%), Bacău (93.8%), Brăila (90.9%). Lowest: Botoșani (20%), Covasna (40%), Constanța (59.5%), Dolj (61.4%), Arad (61.9%). 34 counties with data.
Companies with a net loss · % of those reporting a result
Highest values: Alba (57.1%), Călărași (57.1%), Dâmbovița (50%), Buzău (46.7%), Satu Mare (42.9%). Lowest: Vrancea (10%), Sălaj (12.5%), Arad (12.5%), Vaslui (14.3%), Sibiu (20%). 33 counties with data.
Companies with negative equity · % of those reporting equity
Highest values: Satu Mare (71.4%), Alba (57.1%), Călărași (42.9%), Giurgiu (40%), Bihor (37.7%). Lowest: Vrancea (0%), Bistrița-Năsăud (11.1%), Arad (12.5%), Maramureș (16.7%), Mureș (17%). 33 counties with data.
Share of the top 10 companies in turnover · %
Highest values: Argeș (100%), Prahova (99.3%), Dolj (98.8%), Constanța (98.7%), Bacău (98.3%). Lowest: București (49.3%), Cluj (74.7%), Iași (81.6%), Timiș (87.1%), Ilfov (88.5%). 14 counties with data.
Median turnover · RON
Nationally: 4.33M RON in 2025. Highest values: Ialomița (4.61M RON), Vaslui (3.77M RON), Vrancea (2.46M RON), Brăila (2.25M RON), Giurgiu (1.87M RON). Lowest: Botoșani (0 RON), Galați (20.03K RON), Alba (70.85K RON), Satu Mare (74.96K RON), Mehedinți (87.87K RON). 40 counties with data.
Turnover per employee · RON
Nationally: 540.79K RON in 2025. Highest values: Vaslui (6.41M RON), Argeș (5.13M RON), Mehedinți (4.71M RON), București (4.23M RON), Prahova (3.72M RON). Lowest: Harghita (20.13K RON), Olt (281.58K RON), Sălaj (372.56K RON), Gorj (407.78K RON), Satu Mare (408.75K RON). 39 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 4646.
In Județ necunoscut, the 2025 report covers 1 companies with available indicators (CAEN 4646). This is the observed sample, not the number of all registered companies.
The median net margin is 19.8% in 2025, computed for 1 companies with positive sales and a known net result, including loss-making companies. 0 companies do not meet these conditions.
0 companies have strictly positive margins of at most 2% (0% of eligible companies). 0 eligible companies have negative margins.
1 of 1 companies with a known net result are profitable: 100%. The cumulative net result, after subtracting losses, is 857.21K RON.
The cumulative turnover of the 1 comparable companies changed by +2.8% between 2024 and 2025, in nominal RON.
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Alba | 7 | 4.46M RON | 1.74M RON | 6 | 3.34M RON | -1.8% |
| Arad | 16 | 40.79M RON | 5M RON | 41 | 12.94M RON | 6.3% |
| Argeș | 20 | 8.1B RON | 499.15M RON | 1,580 | 714.86M RON | 6.1% |
| Bacău | 20 | 384.17M RON | 7.94M RON | 195 | 23.66M RON | 2.6% |
| Bihor | 53 | 338.96M RON | 22.82M RON | 174 | 66.86M RON | 5.5% |
| Bistrița-Năsăud | 9 | 120.85M RON | 9.04M RON | 105 | 20.22M RON | 9.9% |
| Botoșani | 1 | 0 RON | -886 RON | 0 | -346.14K RON | — |
| Brăila | 15 | 111.21M RON | 7.23M RON | 94 | 16.57M RON | 7.4% |
| Brașov | 55 | 618.09M RON | 25.61M RON | 330 | 138.27M RON | 12% |
| București | 775 | 47.95B RON | 3.07B RON | 11,293 | 9.18B RON | 8% |
| Buzău | 15 | 26.18M RON | 830.32K RON | 27 | -12.86M RON | 5.2% |
| Călărași | 7 | 28.66M RON | 3.33M RON | 17 | 3.54M RON | 16.5% |
| Cluj | 107 | 1.28B RON | 117.09M RON | 618 | 293.29M RON | 7.3% |
| Constanța | 29 | 168.37M RON | 8.76M RON | 124 | 36.03M RON | 9.5% |
| Covasna | 4 | 4.22M RON | 108.51K RON | 9 | 2.35M RON | 2.9% |
| Dâmbovița | 8 | 22.07M RON | 2.35M RON | 20 | 3.54M RON | 3.5% |
| Dolj | 33 | 385.29M RON | 14.15M RON | 214 | -4.27M RON | 8% |
| Galați | 16 | 89.06M RON | -2.6M RON | 54 | 11.05M RON | 2.2% |
| Giurgiu | 5 | 66.29M RON | 1.56M RON | 26 | 3.28M RON | 2.2% |
| Gorj | 4 | 815.56K RON | 29.09K RON | 3 | 230.61K RON | 4.5% |
| Harghita | 2 | 261.73K RON | -50.83K RON | 13 | 337.94K RON | -19.4% |
| Hunedoara | 14 | 1.14B RON | 33.1M RON | 340 | 112.88M RON | 0.7% |
| Ialomița | 2 | 4.61M RON | 1M RON | 3 | 1.7M RON | 21.6% |
| Iași | 95 | 1.29B RON | 58.15M RON | 750 | 242.16M RON | 9.4% |
| Ilfov | 178 | 6.18B RON | 229.61M RON | 3,253 | 1.84B RON | 8.3% |
| Județ necunoscut | 1 | 4.33M RON | 857.21K RON | 8 | 1.59M RON | 19.8% |
| Maramureș | 12 | 99.7M RON | 5.66M RON | 86 | 11.62M RON | 2.4% |
| Mehedinți | 4 | 47.14M RON | 275.96K RON | 10 | 1.03M RON | 14.8% |
| Mureș | 53 | 1.98B RON | 82.06M RON | 548 | 315.21M RON | 7.6% |
| Neamț | 12 | 30.18M RON | 927.97K RON | 23 | 4.62M RON | 1.5% |
| Olt | 2 | 563.17K RON | 12.02K RON | 2 | -124 RON | 2.1% |
| Prahova | 26 | 708.07M RON | 23.85M RON | 190 | 49.22M RON | 5.3% |
| Sălaj | 8 | 4.92M RON | 245.53K RON | 11 | 882.25K RON | 4.2% |
| Satu Mare | 7 | 1.45M RON | 259.26K RON | 3 | -285.44K RON | 0.1% |
| Sibiu | 30 | 133.22M RON | 5.75M RON | 101 | -114.45M RON | 10.1% |
| Suceava | 13 | 233.04M RON | 1.68M RON | 104 | 14.92M RON | 0.5% |
| Teleorman | 5 | 142.58M RON | 7.23M RON | 111 | 35.04M RON | 4.5% |
| Timiș | 97 | 1.07B RON | 80.36M RON | 437 | 178.25M RON | 6.3% |
| Vâlcea | 7 | 164.8M RON | 8.74M RON | 51 | 28.16M RON | 13.1% |
| Vaslui | 7 | 198.72M RON | 12.43M RON | 31 | 11.08M RON | 6.1% |
| 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, 2:44:30 PM · version 20260918114430147. Annual data may be revised when new balance sheets arrive.
DemoANAF.ro. Romania business report 2025 — Județ necunoscut, CAEN 4646. Version 20260918114430147, computed on 2026-09-18T11:44:30.147Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Jude%C8%9B+necunoscut&caen=4646#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260918114430147
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
