Annual accounts

From 01.01.2016, new requirements apply to financial year reports based on the size of the company.

Micro-entrepreneur (one indicator exceeds)

1) sales revenue or income of 50,000 euros;
2) assets totaling 175,000 euros as of the balance sheet date;
3) one shareholder who is also a member of the board
4) liabilities are not greater than equity (except for the first 2 years)

Small entrepreneur (one indicator exceeds)

1) sales revenue or income of 8,000,000 euros;
2) total assets as of the balance sheet date of 4,000,000 euros;
3) the average number of employees is 50 people

Medium-sized enterprise (one indicator exceeds)

1) sales revenue or income of 40,000,000 euros;
2) total assets as of the balance sheet date of 20,000,000 euros;
3) average number of employees 250 people

Large entrepreneur (at least two criteria are exceeded)

1) sales revenue or income of 40,000,000 euros;
2) total assets as of the balance sheet date of 20,000,000 euros;
3) average number of employees 250 people

A small consolidation group

(exceeds 1 of the consolidated indicators)

1) sales revenue or income of 8,000,000 euros;
2) total assets as of the balance sheet date of 4,000,000 euros;
3) the average number of employees is 50 people

The thresholds for entrepreneurs follow From the Accounting Act.