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:

  1. Number of employees and
  2. Either turnover or balance sheet total






Company category




Balance sheet total

Medium sized

≤ € 50 m

≤ € 43 m


≤ € 10 m

≤ € 10 m


≤ € 2 m

≤ € 2 m

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 …


Guide to EU definition of SME

Declaring your company to be an SME