This article breaks down NACE code tiers to understand how it functions on Wiserfunding
NACE codes are subdivided into a hierarchical structure with four levels:
- 21 Sections identified by alphabetical letters A to U;
- 88 Divisions identified by two-digit numerical codes (01 to 99);
- 272 Groups identified by three-digit numerical codes (01.1 to 99.0);
- 615 Classes identified by four-digit numerical codes (01.11 to 99.00).
While the first four numbers of the code which correspond to the tiers of the classification system are the same in all the European states, individual countries and database suppliers may decide to add more levels.
Here is Wiserfunding’s NACE code to make it easier to understand:
Section M - Professional, scientific and technical activities
Division 70 - Activities of head offices; management consultancy activities
Group 70.2 - Management consultancy activities
Class 70.2.2 - Business and other management consultancy activities
Click here for the official NACE code list. [Source: European Commission]
How NACE works on the Wiserfunding platform:
- Only the two-digit division code is required as an input for our MDI models.
I.e. 70 - Activities of head offices; management consultancy activities
- Lower tiers (group, class) of the NACE code are produced by the system when reading reports.
I.e. 70.2.2 - Business and other management consultancy activities
With and without Decimals:
How NACE codes are listed on Wiserfunding is determined by how various data companies house their figures.
I.e. 70.2.2. becomes 7022
If you have any further questions or face any issues, please contact our support team.