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:
- 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 that is part of larger group may need to include employee/turnover/balance sheet data from that group too.