Memolux

What Memolux does

Memolux Kft. (operating as MemoLuX Kft.) is a Hungarian privately-held professional services firm founded in 1989 and headquartered in Budapest, with a secondary branch in Nyíregyháza established between 2020 and 2022. The firm provides end-to-end back-office administration for Hungarian SMEs and multinational enterprises with operations in Hungary and the broader CEE region, covering full-scope accounting and bookkeeping (including IFRS and US GAAP), payroll administration and HR outsourcing, social insurance (TB) administration, tax and legal consulting, labor law advisory, debt collection, and audit services delivered through its affiliated M-AUDIT subsidiary. The firm operates own-developed proprietary software for payroll, social insurance, cafeteria, and time tracking, allowing it to maintain independence from external software vendors and to customize service delivery for clients with complex payroll elements and expat postings. Memolux employs approximately 60 dedicated professionals with 614 years of cumulative experience, and is a member of MSI Global Alliance, which provides international reach across more than 100 countries and 250 member firms for cross-border engagements. Its go-to-market is sales-led and relationship-driven, with named enterprise clients including Huawei Technologies Hungary, Comercial Química Massó (a 15-year engagement), and the British Chamber of Commerce in Hungary (BCCH), complemented by memberships in the American and British Chambers of Commerce. Revenue is generated through bespoke professional services engagements priced on a quote basis under multi-year contracts, with no public pricing tiers or revenue figures disclosed.

Name

Memolux

Legal name

MEMOLUX Szervező Fejlesztő és Szolgáltató Korlátolt Felelősségű Társaság

Website

https://memolux.hu

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Memolux is a Budapest-headquartered Hungarian accounting, payroll, and tax consulting firm founded in 1989, employing ~60 professionals to deliver full-scope back-office administration for 250+ SME and multinational enterprise clients across Hungary and the CEE region via own-developed proprietary software.

Ownership category

akta.pro rank

Product category

Accounting & Payroll Outsourcing Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Payroll Services (541214), Offices of Certified Public Accountants (541211), Management of Companies and Enterprises (551)

SIC

Finance Services (6199)

akta.pro primary industry

Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)

akta.pro secondary industries

Payroll Data Management, Master Data & Employee Setup (BPAAAHAI), Expense Reimbursement & Employee Payments Administration (BPAAAHAK), Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH), Contract Administration Support (PO/Contract Compliance) (BPAAAJAE)

Keywords

• Accounting services
• Payroll outsourcing
• Tax consulting
• HR administration
• Business administration

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Accounting/Bookkeeping Services: Full-scope accounting services including double-entry bookkeeping, tax returns, financial statements, and compliance. Revenue generated through professional service fees, likely retainer or project-based arrangements.
2. Payroll Administration and HR Outsourcing: Comprehensive payroll processing, social insurance administration, and HR outsourcing services. Provided based on international IT and data security standards with dedicated teams.
3. Tax and Legal Consulting: Tax advisory services, compliance consulting, and legal representation before authorities. Includes company formation, domiciliation, and contract review services.
4. Debt Collection/Receivables Management: Collection services for overdue receivables including legal proceedings coordination, mediation, and enforcement procedures.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Memolux provides full-scope business administration services in Hungary, including double-entry bookkeeping and IFRS/US GAAP accounting, tax return preparation and authority representation, payroll processing and social insurance administration, HR outsourcing, cafeteria and salary-transfer administration, labor law and legal compliance consulting, company formation, and professional debt collection. The firm primarily serves Hungarian SMEs and multinational enterprises with operations in Hungary, delivered through dedicated account teams from its Budapest office and supported by proprietary in-house payroll, social insurance, cafeteria, and time-tracking software.

Product overview

Memolux is a Hungarian-owned business administration services company founded in 1989, providing a comprehensive suite of back-office services. The portfolio consists of four core service lines: Számvitel (Accounting Services) covering full-scope bookkeeping, tax services, and IFRS/US GAAP support; Bérszámfejtés és HR Outsourcing (Payroll and HR Outsourcing) offering payroll processing, social insurance administration, and HR services; Jogalkalmazási Adminisztráció (Legal Compliance Administration) providing company formation, authority representation, and labor law consulting; and Követeléskezelés (Debt Collection) for receivables management. The Memolux Group also includes M-AUDIT for audit services. All services are delivered through their proprietary software systems with approximately 60 employees serving over 250 clients ranging from SMEs to multinational enterprises.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Serving 250+ satisfied clients from SMEs to multinational enterprises
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• MSI Global AlliancecoreStrategic or Co-development PartnerInternational association of independent legal and accounting firms. Memolux is a member to serve international clients' needs. MSI has presence in over 100 countries with 250 member firms, being one of the leading international alliances.
• M-AUDITcoreStrategic or Co-development PartnerAudit firm belonging to Memolux Group, member of Hungarian Chamber of Auditors since its establishment. Applies nearly three decades of up-to-date accounting and taxation expertise in audit, review, and advisory tasks.
• American Chamber of Commerce in Hungary (AmCham)minorGTM or Marketing PartnerMemolux is a member of the American Chamber of Commerce in Hungary for business networking and referral opportunities.
• British Chamber of Commerce in Hungary (BCCH)minorGTM or Marketing PartnerMemolux is a member of the British Chamber of Commerce in Hungary for business networking and referral opportunities.
• Riesz Ügyvédi Iroda (Riesz Law Firm)minorStrategic or Co-development PartnerStrategic cooperation with Riesz Law Firm, which is an associate member of Proteus international law firm network. Provides legal support for clients requiring legal representation or contract review.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BDO Hungary: BDO Hungary is a top-tier Hungarian accounting, tax, and payroll advisory firm serving SMEs and multinational clients. It is directly comparable to Memolux in service scope (bookkeeping, payroll, tax compliance) and target customer base, but operates at significantly larger scale as part of the global BDO network.
• RSM Hungary: RSM Hungary provides accounting outsourcing, payroll, and tax advisory services to mid-market and multinational companies in Hungary. Closely comparable to Memolux's full-scope back-office offering and SME-to-enterprise client mix, with the added advantage of RSM's international network.
• Mazars Hungary: Mazars Hungary delivers accounting, payroll, tax, and audit services to both local SMEs and foreign-owned multinationals operating in Hungary. Highly comparable to Memolux in service portfolio, customer segments, and reliance on international network reach.
• Grant Thornton Hungary: Grant Thornton Hungary offers accounting, payroll, tax compliance, and advisory services for SMEs and international groups. Directly comparable to Memolux across service lines, with similar cross-border coordination capabilities through the GT global network.
• Baker Tilly Hungary: Baker Tilly Hungary is a mid-tier accounting and advisory firm providing bookkeeping, payroll, and tax services. Comparable to Memolux as a mid-sized Hungarian firm serving both local businesses and international subsidiaries requiring local compliance.
• Crowe Hungary: Crowe Hungary delivers accounting, tax, and advisory services to SMEs and multinational clients with Hungary operations. Comparable to Memolux in service breadth, customer mix, and use of an international alliance to serve cross-border mandates.
• WTS Global Hungary: WTS Global Hungary specializes in tax advisory, international tax compliance, and accounting services for cross-border clients. Comparable to Memolux in supporting multinational subsidiaries' Hungarian tax and accounting needs, though with stronger specialization in tax.

Broad incumbents

• PwC Hungary: PwC Hungary provides the full range of audit, tax, accounting, payroll, and legal services to large multinationals and major Hungarian enterprises. Overlaps with Memolux on accounting, payroll, and tax compliance but competes primarily at the upper end of the multinational client segment.
• Deloitte Hungary: Deloitte Hungary offers tax, accounting, payroll, SSC advisory, and consulting services to large enterprises. Overlaps with Memolux in payroll administration and tax compliance, but with a much broader portfolio and stronger multinational mandate.
• KPMG Hungary: KPMG Hungary provides audit, tax, accounting outsourcing, and HR/payroll services to large corporate groups. Comparable to Memolux on the accounting and payroll outsourcing side, particularly for multinational clients requiring local statutory compliance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/memolux2
• LinkedInlinkedin.com/company/memolux-kft-

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Memolux