Economic initiatives that emphasize the creation of social value have significantly increased in recent decades, requiring the construction of concepts and typologies that allow their knowledge, comparison and analysis worldwide, which is the purpose of the research project "International Comparative Social Enterprise Models" (ICSEM). In this paper, researchers involved in the ICSEM project aim to analyze the solidarity economic enterprise - typical from Southern countries - as a case of social enterprise according to the criteria and indicators of the EMES Model (European), identifying correspondences and differences. This is a theoretical study, which concluded that the solidarity economic enterprise is a case of social enterprise. However, distinctive characteristics of solidarity economy (such as: self-management, protagonism of excluded people and substantive economic rationality) evokes adaptations in social, economic and political criteria, enabling a new model for solidarity enterprises and also a broader and multicultural dimension in the theoretical analysis of social enterprises.Iniciativas econômicas que enfatizam a criação de valor social ampliaram-se significativamente nas últimas décadas, requerendo a construção de conceitos e tipologias que permitam seu conhecimento, comparação e análise em âmbito mundial - objetivo do projeto de pesquisa intitulado "International Comparative Social Enterprise Models" (ICSEM). Neste trabalho, pesquisadores vinculados ao ICSEM visam analisar o empreendimento de economia solidária - típico do Sul - como um caso de empresa social a partir dos critérios e indicadores do Modelo EMES (europeu), identificando convergências e divergências. Trata-se de estudo teórico, o qual concluiu que o empreendimento econômico solidário é um caso de empresa social. Contudo, traços distintivos da economia solidária (tais como: autogestão, protagonismo dos próprios excluídos e racionalidade econômica substantiva) suscitam redefinições em critérios sociais, econômicos e políticos, possibilitando, por um lado, um novo modelo para os empreendimentos e, por outro, uma dimensão mais ampla e multicultural na análise teórica de empresas sociais.  Economic initiatives that emphasize the creation of social value have significantly increased in recent decades, requiring the construction of concepts and typologies that allow their knowledge, comparison and analysis worldwide, which is the purpose of the research project "International Comparative Social Enterprise Models" (ICSEM). In this paper, researchers involved in the ICSEM project aim to analyze the solidarity economic enterprise - typical from Southern countries - as a case of social enterprise according to the criteria and indicators of the EMES Model (European), identifying correspondences and differences. This is a theoretical study, which concluded that the solidarity economic enterprise is a case of social enterprise. However, distinctive characteristics of solidarity economy (such as: self-management, protagonism of excluded people and substantive economic rationality) evokes adaptations in social, economic and political criteria, enabling a new model for solidarity enterprises and also a broader and multicultural dimension in the theoretical analysis of social enterprises.