SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.
SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. (STB) is a Romanian joint-stock company (societate pe acțiuni) entered in the Trade Register under number J1991000046408 (EUID ROONRC.J1991000046408), with fiscal code (CUI) 1589886. It runs the surface public transport network of Bucharest and Ilfov County, meaning its trams, trolleybuses and buses. Its registered activity is CAEN 4931, urban, suburban and metropolitan passenger land transport. The company applied for insolvency itself, and on 8 September 2026 the Bucharest Tribunal (Civil Section VII, file 35186/3/2026) opened the general insolvency procedure under Law 85/2014. In the trade-register open data of 19 October 2026 its status reads “insolvență” (insolvency) and “sub incidența Legii nr. 85/2014” (subject to Law 85/2014). The 2 September 2026 snapshot still read “funcțiune” (operating).
The registration number and the registration date of 15 January 1991 come from the company’s earlier legal form, Regia Autonomă de Transport București (RATB). On 22 February 2018 the General Council of Bucharest adopted Decision no. 55, which reorganised RATB into a joint-stock company named Societatea de Transport București S.T.B. S.A. The tax record and the company’s 2026 shareholder decisions both show that the CUI and trade-register number stayed the same. ANAF has recorded the company as VAT-registered since 1 July 1993, and it is administered by the large-taxpayers directorate.
STB operates under public-service delegation contract no. 7 of 29 July 2021, awarded by the Bucharest-Ilfov public transport association (TPBI). Its 2025 activity report records 152 routes in 2025: 19 tram lines, 17 trolleybus lines and 116 bus lines, 27 of them regional. The maximum scheduled fleet was 1,345 vehicles (272 trams, 210 trolleybuses and 863 buses), run from 8 bus garages and 11 depots.
The company-level accounts filed with ANAF show net turnover of RON 1,800.5 million for 2025, against RON 1,692.5 million for 2024. Net profit was RON 0.33 million in 2025 and RON 0.61 million in 2024, and the average workforce was 9,739 in 2025 and 9,826 in 2024. Total debts rose from RON 1,181.9 million at the end of 2024 to RON 1,394.3 million at the end of 2025. The 2025 activity report says compensation invoices went unpaid on time, and that technical and economic audits found RON 757.1 million in compensation regularisation owed to the company for 2018–2024.
In the insolvency, creditors must file claims by 23 October 2026, and the first creditors’ meeting is set for 17 November 2026. Appeals against the opening judgment were lodged on 25 September and 1 October 2026. An earlier petition filed by creditors (file 14673/3/2026) was withdrawn on 12 June 2026. The company’s website is www.stb.ro. The former RATB domain, ratb.ro, now hosts an unrelated news site.
Sources
- ONRC open data via data.gov.ro, company, status and nomenclature files of 19 Oct 2026 and 2 Sep 2026: https://data.gov.ro/dataset/firme-19-10-2026 ; https://data.gov.ro/dataset/firme-02-09-2026 ; https://data.gov.ro/dataset/nomenclatoare-19-10-2026 (retrieved 22 Oct 2026)
- ANAF public web services, taxpayer record and annual balance sheets 2019–2025 for CUI 1589886: https://webservicesp.anaf.ro/api/PlatitorTvaRest/v9/tva ; https://webservicesp.anaf.ro/bilant?an=2025&cui=1589886 (retrieved 22 Oct 2026)
- Romanian courts portal query service, files 35186/3/2026 and 14673/3/2026, Bucharest Tribunal: http://portalquery.just.ro/query.asmx (retrieved 22 Oct 2026)
- CGMB Decision no. 55 of 22 Feb 2018, published by STB: https://www.stb.ro/docctr/H055_18.pdf (retrieved 22 Oct 2026)
- STB S.A., 2025 activity report: https://www.stb.ro/docpdf/STB%20SA%20-%20RAPORT%20DE%20ACTIVITATE%202025.pdf (retrieved 22 Oct 2026)
Registration details
Officers
Directors and officers of SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.
The governance of SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. changed when the Bucharest Tribunal opened insolvency proceedings on 8 September 2026. The court appointed a provisional judicial administrator (administrator judiciar), a consortium of EURO INSOL SPRL, TURMAC INSOLVENCY SPRL and CERES INSOLV SPRL. The company’s management page says Remus Borza represents the consortium. On 22 September 2026 the extraordinary general meeting appointed Gheorghe Pecingină as special administrator (administrator special) under Law 85/2014. The management page, retrieved 22 October 2026, lists Andrei Dinculescu-Bighea as Director General and seven other executive directors.
The trade-register open data of 19 October 2026 lists only the three insolvency firms (EURO INSOL SPRL appears twice) and the special administrator as legal representatives. The 2 September 2026 snapshot instead listed seven board members, each as “administrator”, plus Răzvan-Alexandru Cocei as “reprezentant al persoanei juridice” (representative of the legal person). The October file lists none of the seven as a board member (Gheorghe Pecingină appears only as special administrator) and does not list Răzvan-Alexandru Cocei.
| Name | Role | Basis and date |
|---|---|---|
| EURO INSOL SPRL, TURMAC INSOLVENCY SPRL, CERES INSOLV SPRL (consortium, corporate officer) | Provisional judicial administrator | Bucharest Tribunal, 8 Sep 2026, file 35186/3/2026 |
| Gheorghe Pecingină | Special administrator | EGM decision no. 36, 22 Sep 2026 |
| Andrei Dinculescu-Bighea | Director General | STB management page, retrieved 22 Oct 2026 |
| Andrei Dinculescu-Bighea, Camelia-Roxana Bălăcescu, Bogdan Cristian Georgescu, Florin Melciu, Gheorghe Pecingină, Ileana Savu, Marius Zinca | Provisional members of the board of directors (administratori provizorii) | OGM decision no. 29, 29 Jul 2026, effective 1 Aug 2026 until permanent members are appointed, no later than 31 Dec 2026 |
Recent officer changes
- 22 Sep 2026: Gheorghe Pecingină appointed special administrator by EGM decision no. 36, with the powers set out in articles 52 and 56 of Law 85/2014.
- 8 Sep 2026: the consortium of EURO INSOL SPRL, TURMAC INSOLVENCY SPRL and CERES INSOLV SPRL appointed provisional judicial administrator by the Bucharest Tribunal.
- 1 Aug 2026: the mandates of the seven board members ended on 31 Jul 2026 when their term expired, and OGM decision no. 29 of 29 Jul 2026 reappointed the same seven people as provisional board members under article 29 of Emergency Ordinance 109/2011.
Data availability
Partial: the free trade-register open data names legal representatives and their roles but not appointment dates, so the dates above come from the company’s general meeting decisions and the court file. Nationality is not published except where a decision states it. The current status of the board’s powers during the insolvency was not confirmed in any source reviewed.
Sources
- ONRC open data, legal representatives file, snapshots of 19 Oct 2026 and 2 Sep 2026: https://data.gov.ro/dataset/firme-19-10-2026 ; https://data.gov.ro/dataset/firme-02-09-2026 (retrieved 22 Oct 2026)
- Romanian courts portal query service, file 35186/3/2026, judgment of 8 Sep 2026: http://portalquery.just.ro/query.asmx (retrieved 22 Oct 2026)
- STB S.A., EGM decision no. 36 of 22 Sep 2026: https://www.stb.ro/docaga/Hot%C4%83r%C3%A2rea%20AGA%20nr.%2036%20din%2022.09.2026.pdf (retrieved 22 Oct 2026)
- STB S.A., OGM decision no. 29 of 29 Jul 2026: https://www.stb.ro/docaga/HAGOA-29-2026-07-29.pdf (retrieved 22 Oct 2026)
- STB S.A., management page: https://www.stb.ro/conducere (retrieved 22 Oct 2026)
Group Structure
Group structure of SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.
SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. is a municipal company. Its parent and ultimate controlling shareholder is Municipiul București (the Municipality of Bucharest, fiscal code 4267117), a public body, which holds 99.89% directly through the General Council. Ilfov County holds the other 0.11%. STB has one verified subsidiary, Centrul de Sănătate STB S.A., a Bucharest healthcare provider registered on 12 November 2019 with its registered seat at STB’s head office. That company’s extraordinary general meeting decision no. 07 of 16 October 2026 records STB holding 95% of its capital and the Sindicatul Transportatorilor din București trade union holding 5%. STB prepares consolidated financial statements, and its shareholders approved the 2025 consolidated accounts on 31 August 2026.
The provider tree also placed STB beside ten other entities under the Municipality of Bucharest. They include municipal companies and a public theatre, which is a public institution rather than a company. Common municipal ownership of those entities was not checked here, so they are not listed as verified sister companies.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Municipiul București, through the General Council of the Municipality of Bucharest (public body) | Romania | Fiscal code 4267117 | Parent and ultimate controlling shareholder | 99.89% of share capital (1,751,708 shares) | Current | 22 Sep 2026 |
| Județul Ilfov, through the Ilfov County Council (public body) | Romania | Fiscal code 4192545 | Minority shareholder | 0.11% of share capital (1,852 shares) | Current | 22 Sep 2026 |
| Centrul de Sănătate STB S.A. | Romania | J2019015388405; CUI 41886070 | Direct subsidiary | 95% of share capital | Current | 16 Oct 2026 |
| Regia Autonomă de Transport București (RATB) | Romania | Same CUI 1589886 and register number | Former legal form of the same legal person | Not applicable | Historical, reorganised 2018 | 22 Feb 2018 |
Recent structural changes
- 8 Sep 2026: the Bucharest Tribunal opened general insolvency proceedings against the company (file 35186/3/2026).
- 12 Nov 2019: Centrul de Sănătate STB S.A. was registered in the trade register.
- 22 Feb 2018: CGMB Decision no. 55 reorganised RATB from an autonomous administration into a joint-stock company, with the two public bodies as shareholders. RATB’s assets and liabilities passed to the company.
Data availability
Partial: the parent and the subsidiary come from general meeting decisions published by both companies, and the subsidiary’s registration details come from trade-register open data. A complete list of the entities in STB’s consolidation was not located in a free source.
Sources
- STB S.A., EGM decision no. 36 of 22 Sep 2026: https://www.stb.ro/docaga/Hot%C4%83r%C3%A2rea%20AGA%20nr.%2036%20din%2022.09.2026.pdf (retrieved 22 Oct 2026)
- STB S.A., OGM decision no. 34 of 31 Aug 2026 approving the 2025 consolidated financial statements: https://www.stb.ro/docaga/HotAGA-34-2026-08-31.pdf (retrieved 22 Oct 2026)
- Centrul de Sănătate STB S.A., EGM decision no. 07 of 16 Oct 2026: https://csstb.ro/docaga/2026/Hot%20AGA%2007-16.10.2026.pdf (retrieved 22 Oct 2026)
- ONRC open data, company file of 19 Oct 2026 (CUI 41886070 and 1589886): https://data.gov.ro/dataset/firme-19-10-2026 (retrieved 22 Oct 2026)
- CGMB Decision no. 55 of 22 Feb 2018: https://www.stb.ro/docctr/H055_18.pdf (retrieved 22 Oct 2026)
- Romanian courts portal query service, file 35186/3/2026: http://portalquery.just.ro/query.asmx (retrieved 22 Oct 2026)
Data-provider feed — rows as supplied to Zavia for National Trade Register Office (ONRC), including entries the profile above does not cover. These rows are not a verbatim copy of the register: they have been found to duplicate the same person under different spellings and to keep a status of Active after an appointment ended. Where they disagree with the profile above, the profile is the checked version.
MUNICIPIUL BUCURESTI
Romania
Frequently asked questions
What does SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. do?
SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. runs the tram, trolleybus and bus network of Bucharest and Ilfov County under a public-service delegation contract (CAEN 4931). Since 8 September 2026 it has been in general insolvency proceedings before the Bucharest Tribunal, file 35186/3/2026.
Who owns SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.?
The Municipality of Bucharest, through the General Council, holds 1,751,708 of 1,753,560 shares (99.89%), and Ilfov County, through the County Council, holds 1,852 shares (0.11%). The source is the company's shareholder decision of 22 September 2026.
Who is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s UBO (Ultimate Beneficial Owner)?
STB S.A. has no natural-person ultimate beneficial owner. It is controlled by the Municipality of Bucharest, a public administrative-territorial unit that holds 99.89% of the shares directly.
What is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s company registration number?
STB S.A. is entered in the Romanian Trade Register under number J1991000046408 (EUID ROONRC.J1991000046408), with fiscal code (CUI) 1589886. Both numbers were kept from its earlier legal form, Regia Autonomă de Transport București (RATB).
Is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. still an active company?
STB S.A. is in insolvency. On 8 September 2026 the Bucharest Tribunal opened the general insolvency procedure under Law 85/2014 on the company's own application (file 35186/3/2026), and the trade-register data of 19 October 2026 shows its status as insolvență. It continues to run Bucharest's surface public transport.
When was SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. incorporated?
The trade-register entry dates from 15 January 1991, when the business was registered as the autonomous administration RATB. General Council of Bucharest Decision no. 55 of 22 February 2018 reorganised it into the joint-stock company Societatea de Transport București S.T.B. S.A.
What legal structure is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. registered as?
STB S.A. is a Romanian societate pe acțiuni (S.A.), a joint-stock company, wholly owned by two public authorities.
What is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s revenue?
STB S.A.'s company-level accounts filed with ANAF show net turnover of RON 1,800.5 million and net profit of RON 0.33 million for 2025, with an average of 9,739 employees.
Is SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. listed on a stock exchange?
STB S.A. is not listed on any stock exchange. Its shares are held by two Romanian public authorities.
Who are the officers/directors of SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.?
Since 8 September 2026 a court-appointed provisional judicial administrator, the consortium of EURO INSOL SPRL, TURMAC INSOLVENCY SPRL and CERES INSOLV SPRL, has acted in the insolvency. Gheorghe Pecingină was appointed special administrator on 22 September 2026, and Andrei Dinculescu-Bighea is Director General.
Does SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. have a parent company or subsidiaries?
STB S.A. is a municipal company whose parent is the Municipality of Bucharest, a public body. It holds 95% of Centrul de Sănătate STB S.A. (CUI 41886070); the Sindicatul Transportatorilor din București trade union holds the other 5%.
How much of STB S.A. does the Municipality of Bucharest own, and is the holding direct?
The Municipality of Bucharest, acting through its General Council, directly holds 1,751,708 of the 1,753,560 shares, or 99.89%. Ilfov County, through the Ilfov County Council, directly holds the other 1,852 shares (0.11%), according to the shareholder decision of 22 September 2026.
How did RATB become STB S.A., and did the owners change?
Decision no. 55 of 22 February 2018 reorganised RATB into a joint-stock company, passing RATB's assets and liabilities to it, with initial capital of RON 129,200,000 in 1,292,000 shares. The same two public bodies have been the only shareholders since then; paid-up capital is now RON 175,356,000.
Does the insolvency change who controls STB S.A.?
The shareholders stay the same, but management powers are now shared with a court-appointed provisional judicial administrator, the consortium of EURO INSOL SPRL, TURMAC INSOLVENCY SPRL and CERES INSOLV SPRL. On 22 September 2026 the shareholders appointed Gheorghe Pecingină as special administrator under Law 85/2014.
Who else owns part of STB's subsidiary Centrul de Sănătate STB S.A.?
STB holds 95% of Centrul de Sănătate STB S.A. (CUI 41886070), a Bucharest healthcare provider registered on 12 November 2019. The other 5% belongs to the Sindicatul Transportatorilor din București trade union, according to that company's decision of 16 October 2026.
Can Zavia monitor changes to SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Romania, so records like SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This profile of SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. was researched by Zavia from primary sources (official registers, filings and the company's own publications), each cited in the sections above, and was last checked on 22 October 2026.