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 47122025
Cluj: 9.33M RON
Loading localities…

Equity · RON

Blue: low valuesYellow: high values
0
37.7M
151M
339.7M
604M

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: Cluj · CAEN 4712

Cluj · Comerț cu amănuntul nespecializat, cu vânzare predominantă de produse nealimentare · CAEN 4712 · balance sheets available for 2025

Size of the selection

Updated 9/19/2026, 2:49:15 AM · balance sheets 2025 / 2024

Companies analysed
178
With at least one financial indicator available
Cumulative turnover
125.05M RON
153 companies with a known value
Cumulative net result
9.7M RON
178 companies · profit minus losses
Employees reported
184
124 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.

Cluj holds 1.2% of observed sales in the selected sector, with 178 companies.

Counties by turnover

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

  1. 3.88B RON35.7%
  2. 2.17B RON19.9%
  3. 432.99M RON4%
  4. 385M RON3.5%
  5. 273.2M RON2.5%
  6. 205.69M RON1.9%
  7. 202.08M RON1.9%
  8. 200.6M RON1.8%

Where the employees are

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

  1. 4,83928.7%
  2. 2,14612.7%
  3. 8705.2%
  4. 7924.7%
  5. 4712.8%
  6. 4282.5%
  7. 4002.4%
  8. 3862.3%
/02CAEN sectors

Which sectors drive the economy?

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

In Comercializarea energiei electrice (Rev.2) / Distribuția energiei electrice (Rev.3), ten companies make 100% of sales. In Transport rutier de mărfuri, only 39.8%.

SECTOR RADIOGRAPHY

Comerț cu amănuntul nespecializat, cu vânzare predominantă de produse nealimentare · Cluj

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. Comercializarea energiei electrice (Rev.2) / Distribuția energiei electrice (Rev.3)100%
  2. Transport rutier de mărfuri39.8%
41 sectors · descending orderTurnover · 2025
01
37 companies

10.02B RON

Turnover · 2025/2024+2.4%

31 comparable

Top 10 companies

99.6%

02
1,528 companies

8.17B RON

Turnover · 2025/2024+9.2%

1,080 comparable

Top 10 companies

52.2%

03
2,143 companies

5.1B RON

Turnover · 2025/2024+3.9%

1,625 comparable

Top 10 companies

39.8%

04
13 companies

4.33B RON

Turnover · 2025/2024+13.2%

7 comparable

Top 10 companies

100%

05
64 companies

3.65B RON

Turnover · 2025/2024+9.1%

55 comparable

Top 10 companies

98.1%

06
171 companies

3.47B RON

Turnover · 2025/2024-1%

133 comparable

Top 10 companies

83.3%

07
2,729 companies

3.32B RON

Turnover · 2025/2024+8%

2,285 comparable

Top 10 companies

46.8%

08
674 companies

3.25B RON

Turnover · 2025/2024+5.2%

428 comparable

Top 10 companies

57.4%

09
2 companies

2.97B RON

Turnover · 2025/2024-0.2%

2 comparable

Top 10 companies

100%

10
1 companies

2.9B RON

Turnover · 2025/2024+10.6%

1 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 55.52K RON a year and keeps 3.8% of sales as net profit.

Median turnover
55.52K RON
153 values available
Median net margin
3.8%
132 eligible companies
Aggregate net margin
8.4%
Cumulative profit / cumulative sales, same companies
Profitable companies
45.5%
81 of 178 with a known result
National median · CAEN 4712
2.9%
Same activity, all of Romania

Distribution of net margins

Companies by margin band · net profit / positive turnover

  • Loss5340.2%
  • Zero result00%
  • Above 0–2%96.8%
  • Above 2–5%1410.6%
  • Above 5–10%107.6%
  • Above 10%4634.8%

132 companies with a known profit and positive sales; 46 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.

51.2% of the 82 comparable companies sold more in 2025 than in 2024.

Cumulative turnover
+16.9%
82 companies with turnover in both years
Median turnover change
+2.3%
Only companies with a positive 2024 baseline
Number of employees
+5.4%
62 companies with employees reported in both years

More sales or fewer?

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

  • Growth4251.2%
  • Decline3542.7%
  • No change56.1%

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: +16.9% in 2025. Highest values: București (+22.3%), Vrancea (+21.7%), Cluj (+16.9%), Brăila (+16.2%), Teleorman (+15.9%). Lowest: Ialomița (-13%), Neamț (-7.4%), Maramureș (-5.9%), Botoșani (-5.3%), Hunedoara (-4.7%). 42 counties with data.

The five-year growth pace

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

Nationally: +21.8% in 2025. Highest values: Cluj (+21.8%), București (+14.1%), Brăila (+13.7%), Bihor (+13.6%), Timiș (+13.2%). Lowest: Harghita (-0.6%), Călărași (+2.2%), Alba (+2.8%), Prahova (+2.8%), Tulcea (+2.9%). 42 counties with data.

Where money is lost

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

Nationally: 47.8% in 2025. Highest values: Brașov (53.7%), Timiș (50.8%), București (50.8%), Arad (48.3%), Sălaj (48.1%). Lowest: Bistrița-Năsăud (23.2%), Botoșani (27.5%), Vaslui (29.4%), Gorj (29.6%), Satu Mare (29.7%). 42 counties with data.

Companies with negative equity

Companies with negative equity · % of those reporting equity

Nationally: 49.4% in 2025. Highest values: Teleorman (51.9%), Arad (50%), Cluj (49.4%), București (48.1%), Timiș (48.1%). Lowest: Vaslui (22.4%), Botoșani (23.5%), Harghita (25%), Mehedinți (26.5%), Bistrița-Năsăud (27.2%). 42 counties with data.

How much the top 10 hold

Share of the top 10 companies in turnover · %

Nationally: 71% in 2025. Highest values: Satu Mare (98.7%), Sălaj (97%), Vrancea (90.2%), Ilfov (89.7%), Mureș (89.2%). Lowest: Suceava (47.9%), Maramureș (57.4%), Bistrița-Năsăud (57.7%), Iași (59%), Galați (61%). 41 counties with data.

What the middle company earns

Median turnover · RON

Nationally: 55.52K RON in 2025. Highest values: Harghita (502.94K RON), Vaslui (322.13K RON), Caraș-Severin (299.43K RON), Sălaj (255.93K RON), Covasna (218.32K RON). Lowest: Vrancea (34.44K RON), Vâlcea (49.87K RON), Cluj (55.52K RON), Sibiu (76.8K RON), Bacău (88.13K RON). 42 counties with data.

Turnover per employee

Turnover per employee · RON

Nationally: 650.1K RON in 2025. Highest values: Ilfov (998.1K RON), Covasna (856.62K RON), Vrancea (809.9K RON), București (776.53K RON), Mureș (730.47K RON). Lowest: Hunedoara (250.29K RON), Călărași (263.67K RON), Ialomița (269.39K RON), Vâlcea (294.96K RON), Maramureș (328.03K 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 · Cluj · CAEN 4712.

In Cluj, the 2025 report covers 178 companies with available indicators (CAEN 4712). This is the observed sample, not the number of all registered companies.

The median net margin is 3.8% in 2025, computed for 132 companies with positive sales and a known net result, including loss-making companies. 46 companies do not meet these conditions.

9 companies have strictly positive margins of at most 2% (6.8% of eligible companies). 53 eligible companies have negative margins.

81 of 178 companies with a known net result are profitable: 45.5%. The cumulative net result, after subtracting losses, is 9.7M RON.

The cumulative turnover of the 82 comparable companies changed by +16.9% between 2024 and 2025, in nominal RON.

Apahida (Cluj), CAEN 4712, 2025: 4 located companies, 1 employees reported, 5.88K RON net result and -3.8% median net margin (3 eligible companies).

Counties · 43
Counties · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Alba104153.63M RON6.98M RON26330.33M RON1.3%
Arad11894.93M RON2.3M RON18912.75M RON3%
Argeș154103.31M RON9.27M RON23032.23M RON5.5%
Bacău8557.61M RON3.86M RON12018.2M RON6.2%
Bihor208123.34M RON8.84M RON30114.85M RON2.9%
Bistrița-Năsăud12590.77M RON6.8M RON24031.83M RON3.6%
Botoșani5130.97M RON2.01M RON9211.21M RON4.4%
Brăila8657.64M RON2.24M RON12211.47M RON2.4%
Brașov162178.07M RON7.8M RON38646.86M RON2%
București1,0713.88B RON279.36M RON4,839603.98M RON2.6%
Buzău240202.08M RON6.35M RON47129.34M RON3.8%
Călărași5120.72M RON972.48K RON621.7M RON1%
Caraș-Severin5787.34M RON2.14M RON20723.22M RON1.6%
Cluj178125.05M RON9.7M RON1849.33M RON3.8%
Constanța253432.99M RON14.72M RON870160.89M RON3.4%
Covasna1384.43M RON3.51M RON9818.71M RON6.7%
Dâmbovița149200.6M RON12.73M RON37245.65M RON3.2%
Dolj160205.69M RON12.18M RON428146.88M RON4%
Galați15073.03M RON3.97M RON18510.32M RON1.8%
Giurgiu6837.61M RON1.78M RON998.76M RON4.2%
Gorj8195.17M RON3.29M RON15112.67M RON3%
Harghita4880.71M RON3.14M RON196103.69M RON1.5%
Hunedoara11986.97M RON2M RON30730.3M RON1.8%
Ialomița5444.7M RON558.27K RON1498.95M RON3.2%
Iași236273.2M RON19.42M RON400152.46M RON2.8%
Ilfov4312.17B RON13.19M RON2,146574.28M RON3%
Județ necunoscut342.46M RON6.17M RON339.16M RON8.2%
Maramureș13061.29M RON1.38M RON18212.74M RON1.5%
Mehedinți4932.74M RON4.62M RON6810.02M RON5.8%
Mureș100189.71M RON12.2M RON256124.53M RON3.9%
Neamț91118.14M RON3.35M RON26729.99M RON2%
Olt6659.51M RON3.69M RON1199.57M RON7.9%
Prahova265385M RON7.47M RON79262.73M RON2%
Sălaj2775.71M RON4.71M RON12218.59M RON2%
Satu Mare37197.94M RON8.14M RON29265.31M RON4.2%
Sibiu126123M RON9.76M RON30919.53M RON1.6%
Suceava175101.93M RON5.75M RON24525.93M RON3.1%
Teleorman5231.9M RON3.34M RON539.63M RON7.2%
Timiș181171.03M RON9.35M RON32626.21M RON0.2%
Tulcea7865.51M RON3.48M RON15519.58M RON1.6%
CAEN sectors · Cluj · 41
CAEN sectors · Cluj · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Comerț cu carburanți · CAEN 47303710.02B RON327.17M RON6121.4B RON3.4%
Activități de realizare a soft-ului la comandă (software orientat client) · CAEN 62101,5288.17B RON983.37M RON20,6773B RON65.5%
Transport rutier de mărfuri · CAEN 49412,1435.1B RON237.95M RON9,431921M RON4.1%
Comercializarea energiei electrice (Rev.2) / Distribuția energiei electrice (Rev.3) · CAEN 3514134.33B RON789.72M RON6,3008.16B RON0.8%
Comerț cu ridicata al metalelor și minereurilor metalice (Rev.2) / Comerț cu ridicata al pieselor și accesoriilor pentru autovehicule (Rev.3) · CAEN 4672643.65B RON35.11M RON1,636480.76M RON2.5%
Lucrări de construcții a drumurilor și autostrăzilor · CAEN 42111713.47B RON481.93M RON3,2491.25B RON6.6%
Activități de realizare a soft-ului la comandă (software orientat client) · CAEN 62012,7293.32B RON613.98M RON7,8881.48B RON63.2%
Construcții de clădiri · CAEN 41006743.25B RON286.27M RON4,0701.26B RON13.7%
Fabricarea de aparate electrocasnice · CAEN 275122.97B RON157.21M RON3,6321.01B RON5.3%
Comercializarea combustibililor gazoși, prin conducte · CAEN 352312.9B RON339.47M RON1511.04B RON11.7%
Comerț cu ridicata nespecializat · CAEN 46904602.72B RON149.16M RON2,153715.23M RON4.3%
Lucrări de instalații electrice · CAEN 43216902.62B RON326.35M RON3,342775.18M RON10.3%
Comerț cu amănuntul al produselor farmaceutice · CAEN 47731281.93B RON62.3M RON1,227145.49M RON2.9%
Comerț cu ridicata nespecializat de produse alimentare, băuturi și tutun · CAEN 4639691.9B RON73.46M RON995172.41M RON5.3%
Activități de inginerie și consultanță tehnică legate de acestea · CAEN 71121,5451.86B RON314.18M RON3,969509.57M RON27.7%
Construcții de clădiri · CAEN 41202,1231.75B RON169.97M RON4,436831.29M RON8.1%
Fabricarea preparatelor farmaceutice · CAEN 212061.54B RON411.51M RON9511.35B RON6.6%
Comerț alimentar nespecializat · CAEN 47111,1111.42B RON49.8M RON2,881112.26M RON2.5%
Comerț cu ridicata al produselor din tutun · CAEN 463521.41B RON20.55M RON17861.36M RON8.8%
Distribuție farmaceutică și medicală · CAEN 46461071.28B RON117.09M RON618293.29M RON7.3%
Închirierea și subînchirierea bunurilor imobiliare proprii sau în leasing (Rev.2) / Închirierea și subînchirierea bunurilor imobiliare proprii sau închiriate (Rev.3) · CAEN 68201,2231.27B RON390.99M RON1,4184.17B RON25.2%
Comerț cu autoturisme și autovehicule ușoare (sub 3,5 tone) · CAEN 45112251.19B RON32.12M RON54499.64M RON0.7%
Fabricarea pâinii; fabricarea prăjiturilor și a produselor proaspete de patiserie · CAEN 10714511.12B RON-23.17M RON3,378-45.28M RON0.6%
Lucrări de instalații sanitare, de încălzire și de aer condiționat · CAEN 43227571.11B RON156.1M RON2,369377.71M RON12.2%
Comerț cu ridicata al materialului lemnos și a materialelor de construcție și echipamentelor sanitare · CAEN 46831231.09B RON60.26M RON1,160411.09M RON4.2%
Fabricarea de mobilă · CAEN 31001381.07B RON21.59M RON2,413396.69M RON2.2%
Fabricarea hârtiei și cartonului ondulat și a ambalajelor din hârtie și carton · CAEN 172150990.68M RON76.59M RON1,023789.65M RON4.4%
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 4781184976.05M RON11.14M RON52669.45M RON0.4%
Fabricarea de construcții metalice și părți componente ale structurilor metalice · CAEN 2511371954.05M RON29.92M RON2,113349.49M RON5.8%
Lucrări de construcții a proiectelor utilitare pentru electricitate și telecomunicații · CAEN 422255952.09M RON96.25M RON1,614186.13M RON7.4%
Activități de asistență medicală specializată · CAEN 8622944886.22M RON195.56M RON2,009291.33M RON40.7%
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat · CAEN 462152863.2M RON24.16M RON189159.51M RON1.5%
Activități ale agențiilor de publicitate · CAEN 73111,175849.56M RON212.35M RON1,881331.78M RON29.8%
Comerț cu amănuntul al îmbrăcămintei, în magazine specializate (Rev.2) / Comerț cu amănuntul al îmbrăcămintei (Rev.3) · CAEN 4771434840.37M RON155.66M RON1,390170.45M RON2.3%
Restaurante · CAEN 5610688821.21M RON6.54M RON3,15459.2M RON0.7%
Comerț cu ridicata al echipamentelor și furniturilor de fierărie pentru instalații sanitare și de încălzire · CAEN 468427799.3M RON51.77M RON477177.63M RON5.3%
Tratarea și eliminarea deșeurilor nepericuloase (Rev.2) / Recuperarea materialelor reciclabile (Rev.3) · CAEN 382130752.63M RON-4.31M RON465167.3M RON0.4%
Activități de consultanță în tehnologia informației și de management (gestiune și exploatare) a mijloacelor de calcul · CAEN 6220194670.15M RON65.5M RON1,745160.14M RON50.1%
Alte activități de servicii suport pentru întreprinderi n.c.a. · CAEN 8299366642.87M RON74.36M RON2,951146.16M RON25.4%
Comerț cu ridicata al mașinilor pentru industria textilă și al mașinilor de cusut și de tricotat (Rev.2) / Comerț cu ridicata al altor mașini și echipamente (Rev.3) · CAEN 466461625.6M RON40.65M RON457202.47M RON7.8%
Local units · Cluj · 27
Local units · Cluj · 2025 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Cluj-Napoca9576.68M RON8.79M RON8513.61M RON3.7%
Dej72.67M RON940 RON12614.12K RON0.3%
Cuzdrioara15.85M RON76.88K RON7384.67K RON1.3%
Turda71.28M RON136.42K RON3-41.21K RON16.6%
Mihai Viteazu112.54K RON-19.51K RON1-19.31K RON-155.6%
Câmpia Turzii30 RON-667.87K RON0-11.16M RON
Gherla1679.7K RON98.97K RON199.17K RON14.6%
Apahida4214.32K RON5.88K RON1-16.69K RON-3.8%
Baciu73.41M RON508.97K RON3599.87K RON10.8%
Bonțida36.66M RON269.99K RON6538.43K RON4.1%
Căpușu Mare1263.17K RON-16.51K RON0-186.63K RON-6.3%
Ceanu Mare1918.66K RON103.22K RON1103.46K RON11.2%
Chinteni1170.29K RON-5.63K RON0-99.8K RON-3.3%
Chiuiești10 RON0 RON0-167.88K RON
Feleacu10 RON0 RON0-1.56K RON
Florești285.45M RON71.22K RON20257.51K RON5.2%
Gilău2278.45K RON-47.77K RON1-38.9K RON-67.7%
Jucu419.88K RON-34.11K RON1-33.31K RON-3.3%
Măguri-Răcătău11.44M RON35.29K RON1115.36K RON2.5%
Mociu15.71K RON2.53K RON2.73K RON44.3%
Moldovenești1204.49K RON-30.16K RON1-23.6K RON-14.8%
Ploscoș1687.61K RON89.04K RON0116.41K RON12.9%
Săvădisla14.59M RON191.78K RON14263.61K RON4.2%
Sic147.86K RON-27.33K RON1-27.13K RON-57.1%
Viișoara1213.41K RON9.24K RON211.24K RON4.3%
Vultureni213.3M RON170.49K RON234.42M RON-21.2%
Negreni13.91K RON-5.5K RON2.69K RON-140.6%
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 Cluj-Napoca1,24314.32B RON
UAT Dej34222.52M RON
UAT Mintiu Gherlii43.09M RON
UAT Turda28234.67M RON
UAT Vultureni1499.27K RON
UAT Câmpia Turzii1323.68M RON
UAT Gherla1855.2M RON

Cite the report

Computed on 9/19/2026, 2:49:15 AM · version 20260918234915003. Annual data may be revised when new balance sheets arrive.

DemoANAF.ro. Romania business report 2025 — Cluj, CAEN 4712, Apahida. Version 20260918234915003, computed on 2026-09-18T23:49:15.003Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Cluj&caen=4712&uat=55687#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260918234915003

/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