SME stands for small and medium-sized enterprises, as
defined in EU law (EU recommendation 2003/361).
The main factors determining whether a company is an
SME are:
- Number of employees and
- Either turnover or balance sheet total
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Company category |
Employees |
Turnover |
or |
Balance sheet total |
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Medium sized |
< 250 |
≤ € 50 m |
≤ € 43 m |
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Small |
< 50 |
≤ € 10 m |
≤ € 10 m |
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Micro |
< 10 |
≤ € 2 m |
≤ € 2 m |
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These ceilings apply to the figures for individual firms only. A firm which is part of larger grouping may need to include employee/turnover/balance sheet data from that grouping too. For the details of how this works, see …