Login
You are...
Products
Business account A professional account with far more comprehensive services than a traditional bank Collection Cash your customers quickly and easily Accounting Anytime provides invoicing software, facilitates your accounting and helps you with administrative formalities. Financing Discover a wide range of services to support your growth. Whether you're self-employed or a large company, our solutions are tailored to your needs. Cash Management View the banking position of all your activities in real time. Put in place an analytical vision of your flows and give meaning back to your banking operations.
Mastercard business cards Discover the services and Mastercard cards available to you. Corporate expense management Capped Mastercard cards with employee rights management. Managing association expenses The dedicated solution for associations to manage their business expenses. Insurance and legal protection Insurance is included in cards or packages, and meets the needs of both the self-employed and large companies. Chartered Accountants To make your life easier and avoid errors in your declarations, entrust your accounting to chartered accountants.
Expense management
Rates

Company and group size thresholds upgraded

Published on March 12, 2024 by Pierre Belhache - 3 mins reading time
SMALL BUSINESSES Companies Inflation Invoices Self-employed

The criteria defining the size of groups and companies have recently been updated. Since March 1, new thresholds defined by the decree of February 28, 2024 have been in force.

Higher thresholds for companies and groups

The directive of October 17, 2023 modified the thresholds defining the size of companies and groups in line with inflation. These new thresholds apply to financial years beginning on or after that date.

The criteria for determining the category to which a company belongs have increased significantly. These are classified into several categories: micro-enterprise, small enterprise, medium-sized enterprise and large enterprise.

In 2024, the new thresholds applicable to companies are as follows:

  • Micro-enterprise: 450,000 euros balance sheet total and 900,000 euros net sales;
  • Small company: 7.5 million euros in total assets and 15 million euros in net sales;
  • Medium-sized company: 25 million euros in total assets and 50 million euros in net sales;
  • Large company: balance sheet total in excess of €25 million and net sales in excess of €50 million.

These changes apply to all categories of company. For example, the balance sheet total threshold has been raised from 350,000 euros to 450,000 euros, and the net sales threshold from 700,000 euros to 900,000 euros for micro-businesses.

In 2024, the new group thresholds are as follows:

  • Small group: total assets of 9 million euros, net sales of 18 million euros and 50 employees during the year;
  • Medium-sized group: balance sheet total of 30 million euros, net sales of 60 million euros and 250 employees during the year;
  • Large group: balance sheet total in excess of 30 million euros, net sales in excess of 60 million euros and number of employees during the financial year in excess of 250.

These thresholds are taken into account in the preparation and certification of financial statements.

 

What are the thresholds for the appointment of a statutory auditor?

The thresholds for the mandatory appointment of a statutory auditor have also been raised to 2024.

For independent companies, this obligation applies when the balance sheet total is at least 5 million euros, net sales at least 10 million euros, and the number of employees during the financial year at least 50.

For companies controlled by one or more persons and entities, the thresholds are as follows: 2.5 million euros in total assets, 5 million euros in net sales, 25 employees during the financial year.