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
Argeș · Alte activități poștale și de curier · CAEN 5320 · balance sheets available for 2025
Sales
+21.4%
87 comparable companies · 2025 / 2024
Profitability
9.2%
115 eligible companies · 57.8% of companies with a known result are profitable
Concentration
52.8%
Share of the selection's turnover · 2025
Updated 9/19/2026, 8:51:28 AM · balance sheets 2025 / 2024
Turnover and jobs, by the companies' current registered office. Pick a county from the list to continue the analysis.
Argeș holds 0.5% of observed sales in the selected sector, with 147 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 Argeș. Open a sector for details.
In Fabricarea autovehiculelor, ten companies make 100% of sales. In Comerț alimentar nespecializat, only 30.5%.
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.
29.94B 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.
11.14B RON
38 comparable
90.9%
90.9%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
8.23B RON
122 comparable
91.6%
91.6%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
8.1B RON
13 comparable
100%
100%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
7.27B RON
2,043 comparable
32.3%
32.3%
The definitions differ between revisions. Figures are grouped by the code reported in the balance sheet; each company's revision is not confirmed.
1.73B RON
1,282 comparable
30.5%
30.5%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.5B RON
45 comparable
94.2%
94.2%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.21B 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.
1.16B RON
229 comparable
63.9%
63.9%
The main activity from the balance sheet. The name describes the code, not all of the company's authorised activities.
1.02B RON
713 comparable
32.5%
32.5%
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 98.77K RON a year and keeps 9.2% of sales as net profit.
Companies by margin band · net profit / positive turnover
115 companies with a known profit and positive sales; 32 excluded. Bands describe margins, not bankruptcy risk.
Same companies, two years. Compare the change in sales with the change in jobs.
66.7% of the 87 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: +21.4% in 2025. Highest values: Constanța (+63.3%), Sălaj (+56.5%), Olt (+49.4%), Caraș-Severin (+39.3%), Brașov (+33.2%). Lowest: Dolj (-0.1%), Giurgiu (+0%), Cluj (+2.6%), Vrancea (+5.7%), Maramureș (+6.2%). 42 counties with data.
Average annual turnover growth at the same companies · % per year, 5 years
Nationally: +12.5% in 2025. Highest values: Satu Mare (+50.6%), Botoșani (+39.9%), Caraș-Severin (+29.1%), Gorj (+27.3%), Galați (+23.1%). Lowest: Sălaj (-2.8%), Cluj (+3.3%), Ialomița (+3.5%), Teleorman (+3.6%), Bistrița-Năsăud (+9.4%). 42 counties with data.
Companies that filed five years ago and still file in 2025 · %
Nationally: 61.7% in 2025. Highest values: Gorj (84%), Hunedoara (76.5%), Dâmbovița (75.9%), Covasna (75.8%), Satu Mare (75%). Lowest: Timiș (48.6%), Iași (50.4%), Arad (51.6%), Sălaj (52%), București (54.3%). 42 counties with data.
Companies with a net loss · % of those reporting a result
Nationally: 31.3% in 2025. Highest values: Timiș (48.6%), Caraș-Severin (46.7%), Ilfov (45.9%), București (44.2%), Prahova (39.5%). Lowest: Sălaj (14.3%), Mehedinți (21.1%), Dolj (22.7%), Suceava (23.4%), Hunedoara (24.1%). 42 counties with data.
Companies with negative equity · % of those reporting equity
Nationally: 22.4% in 2025. Highest values: Timiș (44.1%), Caraș-Severin (43.3%), Ilfov (38.1%), Constanța (37.5%), Vâlcea (37.5%). Lowest: Sălaj (12.2%), Harghita (14.7%), Suceava (16.8%), Călărași (17.4%), Mureș (19.3%). 42 counties with data.
Share of the top 10 companies in turnover · %
Nationally: 52.8% in 2025. Highest values: Satu Mare (99.3%), Botoșani (96.9%), Gorj (96.3%), Sibiu (95.6%), Caraș-Severin (94.3%). Lowest: Cluj (49%), Argeș (52.8%), Constanța (55.7%), Dolj (58.7%), Brașov (59.3%). 42 counties with data.
Median turnover · RON
Nationally: 98.77K RON in 2025. Highest values: Tulcea (494.52K RON), Caraș-Severin (428.74K RON), Harghita (198.89K RON), Vaslui (174.05K RON), Buzău (165.55K RON). Lowest: Bacău (67.74K RON), Mehedinți (74.93K RON), Bihor (78.11K RON), Olt (80.53K RON), Brăila (80.6K RON). 42 counties with data.
Turnover per employee · RON
Nationally: 169.95K RON in 2025. Highest values: Sibiu (911.92K RON), Satu Mare (691.76K RON), București (496.09K RON), Ilfov (448.34K RON), Giurgiu (342.1K RON). Lowest: Dolj (101.02K RON), Vaslui (112.86K RON), Ialomița (134.35K RON), Mehedinți (136.51K RON), Maramureș (137.97K 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 · Argeș · CAEN 5320.
In Argeș, the 2025 report covers 147 companies with available indicators (CAEN 5320). This is the observed sample, not the number of all registered companies.
The median net margin is 9.2% in 2025, computed for 115 companies with positive sales and a known net result, including loss-making companies. 32 companies do not meet these conditions.
5 companies have strictly positive margins of at most 2% (4.3% of eligible companies). 30 eligible companies have negative margins.
85 of 147 companies with a known net result are profitable: 57.8%. The cumulative net result, after subtracting losses, is 3.82M RON.
The cumulative turnover of the 87 comparable companies changed by +21.4% between 2024 and 2025, in nominal RON.
Mihăești (Argeș), CAEN 5320, 2025: 1 located companies, 0 employees reported, 0 RON net result and — median net margin (0 eligible companies).
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Alba | 58 | 32.07M RON | 2.46M RON | 214 | 1.03M RON | 11% |
| Arad | 121 | 43.36M RON | 6.78M RON | 282 | 10.75M RON | 10.9% |
| Argeș | 147 | 47.09M RON | 3.82M RON | 249 | 8.24M RON | 9.2% |
| Bacău | 167 | 54.8M RON | 3.29M RON | 354 | 2.81M RON | 11.9% |
| Bihor | 109 | 90.49M RON | 4.53M RON | 481 | 13.65M RON | 6.4% |
| Bistrița-Năsăud | 124 | 42.18M RON | 3.91M RON | 188 | 8.73M RON | 20.6% |
| Botoșani | 48 | 124.99M RON | 7.22M RON | 466 | 24.79M RON | 2.8% |
| Brăila | 52 | 22.42M RON | 2.4M RON | 112 | 2.75M RON | 10.7% |
| Brașov | 187 | 121.31M RON | 8.31M RON | 593 | 13.09M RON | 10.6% |
| București | 1,009 | 5.18B RON | -43.39M RON | 10,314 | 1.4B RON | 4.3% |
| Buzău | 51 | 34.55M RON | 3.31M RON | 227 | 5.87M RON | 12.7% |
| Călărași | 46 | 34.81M RON | 3.93M RON | 175 | 8.25M RON | 11.7% |
| Caraș-Severin | 30 | 49.29M RON | 1.03M RON | 147 | 1.86M RON | 1.1% |
| Cluj | 336 | 134.76M RON | 3.3M RON | 762 | 12.75M RON | 8.1% |
| Constanța | 184 | 82.01M RON | 1.92M RON | 417 | 994.02K RON | 7.8% |
| Covasna | 48 | 21.38M RON | 2.14M RON | 140 | 3.02M RON | 8.6% |
| Dâmbovița | 92 | 43.46M RON | 3.52M RON | 289 | 5.81M RON | 9.8% |
| Dolj | 141 | 54.11M RON | 9.1M RON | 476 | 11.39M RON | 14.6% |
| Galați | 122 | 48.64M RON | 2M RON | 187 | 2.67M RON | 8% |
| Giurgiu | 103 | 85.91M RON | 5.56M RON | 244 | 9.36M RON | 5.8% |
| Gorj | 34 | 22.38M RON | 2.86M RON | 102 | 4.86M RON | 12.7% |
| Harghita | 34 | 27.39M RON | 1.51M RON | 169 | 6.41M RON | 8.8% |
| Hunedoara | 54 | 42.47M RON | 3.08M RON | 207 | 6.6M RON | 8.5% |
| Ialomița | 39 | 18.34M RON | 1.27M RON | 134 | 2.56M RON | 6.3% |
| Iași | 164 | 109.03M RON | 7.3M RON | 685 | 21.62M RON | 6.1% |
| Ilfov | 333 | 1.07B RON | 29.13M RON | 2,344 | 93.53M RON | 4.2% |
| Județ necunoscut | 3 | 10.49M RON | 95.8K RON | 79 | 326.49K RON | 0.3% |
| Maramureș | 97 | 39.64M RON | 2.23M RON | 278 | 1.67M RON | 11.2% |
| Mehedinți | 38 | 17.15M RON | 2.29M RON | 122 | 4.43M RON | 17.3% |
| Mureș | 145 | 85.21M RON | 8.37M RON | 580 | 17.25M RON | 12.8% |
| Neamț | 49 | 38.85M RON | 2.52M RON | 253 | 4.19M RON | 9% |
| Olt | 49 | 29.52M RON | 3.27M RON | 170 | 5.34M RON | 7.6% |
| Prahova | 147 | 108.78M RON | 9.02M RON | 599 | 14.43M RON | 3.4% |
| Sălaj | 49 | 15.02M RON | 2.13M RON | 80 | 3.14M RON | 25.8% |
| Satu Mare | 32 | 95.57M RON | 2.08M RON | 127 | -2.88K RON | 4.2% |
| Sibiu | 107 | 683.98M RON | 52.91M RON | 746 | 208.57M RON | 9% |
| Suceava | 137 | 67.9M RON | 4.4M RON | 374 | 7.51M RON | 8.7% |
| Teleorman | 30 | 11.38M RON | 272.79K RON | 50 | 1.22M RON | 4.4% |
| Timiș | 220 | 250.82M RON | 518.13K RON | 830 | -7.56M RON | 0.6% |
| Tulcea | 24 | 28.27M RON | 1.76M RON | 176 | 4.12M RON | 9% |
| Territory / activity | Companies | Sales | Net profit | Employees | Equity | Median margin |
|---|---|---|---|---|---|---|
| Pitești | 59 | 17.83M RON | 1.2M RON | 91 | 3.4M RON | 9.2% |
| Bascov | 10 | 5M RON | 928.28K RON | 27 | 865.05K RON | 25.3% |
| Bradu | 4 | 409.8K RON | -44.72K RON | 1 | 201.46K RON | -4.1% |
| Mioveni | 4 | 333.44K RON | 60.33K RON | 2 | 107.75K RON | 20.3% |
| Mărăcineni | 2 | 1.12M RON | -48.51K RON | 3 | 470.98K RON | -2% |
| Ștefănești | 5 | 1.45M RON | 166.12K RON | 7 | 89.35K RON | -1.1% |
| Câmpulung | 6 | 6.72M RON | -36.92K RON | 38 | 285.87K RON | 2.9% |
| Curtea de Argeș | 3 | 0 RON | -1.55K RON | 0 | -1.89K RON | — |
| Costești | 2 | 544.19K RON | 61.08K RON | 4 | 102.83K RON | 12.5% |
| Topoloveni | 1 | 163.84K RON | 20.92K RON | 1 | 25.33K RON | 12.8% |
| Albota | 3 | 2.92M RON | 497.91K RON | 3 | 1.03M RON | 18.2% |
| Băbana | 2 | 8.33K RON | -17.54K RON | 0 | 12.28K RON | -71.3% |
| Băiculești | 1 | — | 0 RON | — | -1.63K RON | — |
| Bârla | 1 | 568.06K RON | 4.17K RON | 6 | -111.01K RON | 0.7% |
| Boteni | 1 | 884.02K RON | 101.07K RON | 3 | 101.31K RON | 11.4% |
| Budeasa | 1 | 11.21K RON | -1.27K RON | 0 | -1.07K RON | -11.3% |
| Buzoești | 1 | 147.39K RON | 42.29K RON | — | 56.06K RON | 28.7% |
| Căldăraru | 1 | 102.95K RON | -15.33K RON | 1 | -35K RON | -14.9% |
| Căteasca | 1 | 683.12K RON | 208.14K RON | 3 | 208.38K RON | 30.5% |
| Ciomăgești | 1 | 0 RON | -50 RON | 0 | 6.5K RON | — |
| Corbi | 1 | 127.99K RON | -48.14K RON | 1 | 26.89K RON | -37.6% |
| Hârsești | 1 | 5.25K RON | 562 RON | — | 762 RON | 10.7% |
| Lunca Corbului | 3 | 118.07K RON | 51.45K RON | 1 | 98.42K RON | 30.9% |
| Merișani | 2 | 125.99K RON | 31.02K RON | 1 | 38.04K RON | 17.4% |
| Mihăești | 1 | 0 RON | 0 RON | 0 | 2.21K RON | — |
| Moșoaia | 10 | 822.54K RON | -70.26K RON | 6 | -432.51K RON | -9.2% |
| Negrași | 1 | — | -1.79K RON | — | -1.59K RON | — |
| Nucșoara | 2 | 1.19M RON | 67.51K RON | 11 | 460.82K RON | 32.9% |
| Oarja | 1 | 31.22K RON | -7.93K RON | 1 | -7.73K RON | -25.4% |
| Poiana Lacului | 6 | 5.04M RON | 555.94K RON | 37 | 940.6K RON | 12% |
| Priboieni | 1 | 45.46K RON | 22.29K RON | — | 30.2K RON | 49% |
| Slobozia | 4 | 205.68K RON | 70.13K RON | 0 | 87.28K RON | 34.9% |
| Stolnici | 1 | 0 RON | 0 RON | 0 | 13.34K RON | — |
| Uda | 1 | 380.2K RON | 11.28K RON | — | 11.48K RON | 3% |
| Valea Iașului | 1 | 108.1K RON | 11.08K RON | 1 | 105.89K RON | 10.3% |
| Vlădești | 1 | 664 RON | -257 RON | — | -257 RON | -38.7% |
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 Curtea de Argeș | 16 | 114.26M RON |
| UAT Dobrești | 1 | 359.08K RON |
| UAT Șuici | 2 | 4.75M RON |
| UAT Mioveni | 13 | 321.43M RON |
| UAT Pitești | 268 | 880.35M RON |
| UAT Davidești | 2 | 5.33M RON |
| UAT Câmpulung | 34 | 167.65M RON |
| UAT Albota | 4 | 3.27M RON |
| UAT Albeștii de Muscel | 2 | 843.84K RON |
| UAT Miroși | 2 | 3.43M RON |
| UAT Dâmbovicioara | 1 | 291.74K RON |
| UAT Buzoești | 7 | 29.8M RON |
| UAT Poienarii de Muscel | 2 | 750K RON |
| UAT Micești | 3 | 9.2M RON |
| UAT Mozăceni | 1 | 754.97K RON |
| UAT Bârla | 2 | 1.98M RON |
| UAT Cicănești | 2 | 3.08M RON |
| UAT Brăduleț | 10 | 36.37M RON |
| UAT Băiculești | 2 | 4.18M RON |
| UAT Priboieni | 1 | 4.77M RON |
| UAT Hârsești | 5 | 14.25M RON |
| UAT Valea Iașului | 9 | 16.67M RON |
| UAT Stoenești | 2 | 3.15M RON |
| UAT Lunca Corbului | 4 | 1.25M RON |
| UAT Albeștii de Argeș | 3 | 2.98M RON |
| UAT Țițești | 5 | 10.83M RON |
| UAT Poienarii de Argeș | 1 | 1.57M RON |
| UAT Bradu | 5 | 36.72M RON |
| UAT Căldăraru | 1 | 2.53M RON |
| UAT Leordeni | 2 | 6.66M RON |
| UAT Poiana Lacului | 5 | 27.9M RON |
| UAT Boteni | 2 | 2.22M RON |
| UAT Negrași | 5 | 13.08M RON |
| UAT Ungheni | 2 | 3.27M RON |
| UAT Corbi | 1 | 4.6M RON |
| UAT Teiu | 1 | 15.74M RON |
| UAT Morărești | 1 | 768K RON |
| UAT Dragoslavele | 2 | 1.93M RON |
| UAT Vedea | 4 | 29.51M RON |
| UAT Rucăr | 3 | 2.02M RON |
Computed on 9/19/2026, 8:51:28 AM · version 20260919055128981. Annual data may be revised when new balance sheets arrive.
DemoANAF.ro. Romania business report 2025 — Argeș, CAEN 5320, Mihăești. Version 20260919055128981, computed on 2026-09-19T05:51:28.981Z. https://demoanaf.ro/en/raport-afaceri-romania-2025?judet=Arge%C8%99&caen=5320&uat=17254#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2025/date.csv?rev=20260919055128981
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
