Defined in the law · AI Act Art. 3(14b)
Small mid-cap enterprise
In plain English
A company that is not an SME, employs fewer than 750 people and has a yearly turnover of at most 150 million euro or a balance sheet total of at most 129 million euro.
The definition in the law
‘small mid-cap enterprise’ or ‘SMC’ means a small mid-cap enterprise as defined in point (2) of the Annex to Recommendation (EU) 2025/1099
The category of small mid-cap enterprises is made up of enterprises which are not small and medium-sized enterprises in accordance with Recommendation 2003/361/EC, employ fewer than 750 persons and have an annual turnover not exceeding EUR 150 million or an annual balance sheet total not exceeding EUR 129 million
Related
The official text is quoted word for word from the English version of the source named under it; only the version published in the Official Journal of the EU is legally binding. The plain-English line is Fino’s own summary, not legal advice.