What is an SME?

Small and medium-sized enterprises (SMEs) are defined in the 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 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 that is part of larger group may need to include employee/turnover/balance sheet data from that group too.