Studies around the world have shown that increases in extreme precipitation are not directly resulting in reported instances of flooding. Despite the evidence that antecedent soil moisture conditions play a significant role in regulating the runoff response during extreme storm events, fewer works have tried to understand the spatial and temporal dynamics of such coupled interactions. In the present work, we aim to improve our understanding of the dominant spatiotemporal patterns of soil moisture (SM) - precipitation (P) dependence over Europe. Using an event-based, non-parametric Event Coincidence Analysis (ECA) approach, we first quantified the probability of SM preceding P by the precursor coincidence rate. We also examined the statistical precursor relationship between SM-P joint episodes and reported annual flood events using the conditional precursor coincidence rate. The results show that seasonality is a major driving force in the spatiotemporal dynamics of SM-P coupling over Europe. The conditional precursor coincidence rates are in line with previous flood hazard studies over Europe and show the importance of considering such diverse interdependencies in flood risk mitigation. Our work has implications for understanding the occurrence of preconditioned compound events worldwide and provides a vital starting point for characterising the major processes that need to be accounted for in comprehensive state of the art flood risk assessment studies.