What is an SME?

EU definition

The EU-definition, last revised in 2015, is:

Number of employees: fewer than 250

And either of the following two:

Annual turnover: equal to or less than €50M OR
Total value of assets on balance sheet: equal to or less than €43M

Read the full definition on the EU website. The EU also offers an SME self-assessment wizard and a user guide in several translations.

In the Netherlands

When determining if a business is eligible for an SME grant or subsidy scheme, the Netherlands Enterprise Agency uses the EU criteria. However, the Netherlands Chamber of Commerce uses different criteria to determine in how much detail a company has to deposit their annual financial statements. If you think your company is medium-sized, take care to find out if you meet their criteria. They are: