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
Company category
Employees
Turnover
or
Balance sheet total
Medium sized
< 250
≤ € 50 m
≤ € 43 m
Small
< 50
≤ € 10 m
≤ € 10 m
Micro
< 10
≤ € 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