What HLB Hungary does

HLB Hungary (legal name: HLB Hungary Auditing and Consulting Limited Liability Company) is a Budapest-based professional services firm incorporated in Hungary in 2004 as a Kft. (Hungarian limited liability company) and privately held since founding. The firm operates as the exclusive Hungarian member of the HLB International network, a global accounting and advisory network spanning 157 countries with 38,732 professionals. HLB Hungary delivers three core service lines — statutory audit (Hungarian and international accounting standards including IFRS and HGB), tax consulting, and advisory (due diligence, M&A, business valuations, transformations, and interim management) — and added a Sustainability Audit Services line following the firm's May 2025 certification by the Hungarian Ministry for National Economy, under which four lead auditors were authorized to certify sustainability reports under Act LXXV of 2007.

The revenue model is fee-for-engagement professional services with quote-based pricing on multi-year contracts determined by scope and complexity; no standard pricing tiers or fee schedules are publicly disclosed. Customer segments split between international corporate clients requiring cross-border audit and group reporting packages and Hungarian SMEs needing statutory compliance and tax optimization, with named enterprise customers including Magyar Telekom (telecommunications), MediaMarkt Hungary (retail), Kirchhoff Hungária and FRANK Hungária (manufacturing, both German-affiliated). Services are delivered through a relationship-based, partner-led model anchored by four named partners — Managing Partner Gyöngyi Götze, Senior Partner Szabolcs Szeles, and Partners Csaba Baldauf and Ádám Mihály (promoted from Audit Director effective January 1, 2026) — supported by multilingual professional staff.

Distribution is direct, with cross-border engagements coordinated through HLB member firm referrals; marketing is content-led through a Hungarian/English/German trilingual website, regulatory-update articles, ESG thought leadership, and earned media in industry publications. Recent strategic signals include the 2025 sustainability audit license, the 2026 partner promotion, and the May 2026 'Reliable Employer 2026/28' certification from the German-Hungarian Chamber of Industry and Commerce. Revenue, headcount, and ownership beyond partners are not publicly disclosed; the company has not raised external funding, has no app or public API, and operates without a proprietary technology platform — the model is built entirely on partner credentials, regulatory authorization, and network affiliation.

Name

HLB Hungary

Legal name

HLB Hungary Auditing and Consulting Limited Liability Company

Website

https://hlbh.hu

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

HLB Hungary is a Budapest-based statutory audit, tax, and advisory firm founded in 2004, serving international corporates and Hungarian SMEs through its exclusive Hungarian membership in the HLB International network (157 countries), with sustainability audit services added after its 2025 government certification.

Ownership category

akta.pro rank

Product category

Auditing and Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Sustainability, ESG & Climate Risk Advisory (BPAHAJAH)

akta.pro secondary industries

EHS Auditing, Inspections & Assurance (BPAHAJAG), ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK)

Keywords

• Audit services
• Tax advisory
• Financial consulting
• Sustainability auditing
• Mergers and acquisitions

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit Services: Annual financial statement audits and international reporting packages for consolidation purposes. Core service offering.
2. Tax Consulting: Tax advisory services based on Hungarian tax law expertise with international background through HLB International network.
3. Advisory: Complex consulting services including due diligence, transformations, acquisitions, and interim management.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

HLB Hungary is a Budapest-based professional services firm delivering statutory audits of financial statements (Hungarian and international standards such as IFRS and HGB) for international corporate groups and SMEs, Hungarian tax advisory supported by cross-border expertise, and complex consulting including due diligence, mergers and acquisitions, business valuations, company transformations, and interim management. The firm also provides preparation, audit, and advisory services for sustainability reports under a certification granted by the Hungarian Ministry for National Economy.

Product overview

HLB Hungary operates as a professional services firm offering three core service lines: Audit (financial statement audits and international reporting packages), Tax Consulting (Hungarian tax advisory with international network support), and Advisory (complex consulting including due diligence, acquisitions, and transformations). As part of its expanded portfolio, the firm also provides Sustainability Audit Services following its 2025 certification from the Hungarian Ministry for National Economy. These services are delivered by a team of certified auditors and advisors operating within the HLB International global network.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit Services Annual financial statement audits and international reporting package audits for consolidation purposes, covering Hungarian and international accounting standards (IFRS, HGB); delivered to international corporate clients and SMEs requiring statutory and group audits.
• Tax Consulting Tax advisory services based on Hungarian tax legislation expertise, leveraging the HLB International network for cross-border transactions and structuring.
• Advisory Services Complex consulting services including due diligence, company transformations, acquisitions, interim management, and accounting advisory for clients undergoing corporate transactions or operational change.
• Sustainability Audit Services Preparation, audit, and advisory services for sustainability reports, with HLB Hungary certified by the Hungarian Ministry for National Economy to conduct statutory sustainability report audits.

Quantifiable outcome

• Four lead auditors obtained certified sustainability auditor qualification from Hungarian Ministry for National Economy

Named customers4 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

Partnerships

One partnership is on record.

• HLB InternationalcoreStrategic or Co-development PartnerHLB Hungary is a member and exclusive Hungarian representative of HLB International, a global network of independent advisory and accounting firms. The network spans 157 countries with 38,732 professionals. This membership enables HLB Hungary to provide international expertise to domestic clients and Hungarian capabilities to international clients through the network.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BDO Hungary: BDO Hungary is a mid-tier audit, tax, and advisory firm operating as part of the BDO global network. It competes directly with HLB Hungary for Hungarian statutory audits and cross-border advisory work for mid-sized and international clients.
• Crowe Hungary: Crowe Hungary is part of the Crowe Global network, providing audit, tax, and advisory services in Hungary. Comparable mid-tier positioning and target client base to HLB Hungary.
• Mazars Hungary: Mazars Hungary is a mid-tier audit, tax, and advisory firm serving Hungarian and international clients. It is a direct competitor in statutory audit, tax advisory, and ESG advisory mandates in the same Hungarian market.
• Moore Hungary: Moore Hungary is a member of the Moore Global network, offering audit, tax, and advisory services in Hungary with similar focus on mid-sized and international clients as HLB Hungary.
• Grant Thornton Hungary: Grant Thornton Hungary is a member of the Grant Thornton International network, providing audit, tax, and advisory services in Hungary. It competes for similar mid-market and international client mandates as HLB Hungary.
• RSM Hungary: RSM Hungary is part of the RSM International network and provides audit, tax, and consulting services to mid-market companies in Hungary. Comparable business model and target client segment to HLB Hungary.

Broad incumbents

• PwC Hungary: PwC Hungary is the local affiliate of PricewaterhouseCoopers, offering audit, tax, and advisory services. It competes with HLB Hungary for large statutory audits and cross-border advisory engagements in Hungary.
• KPMG Hungary: KPMG Hungary is the Hungarian member of the Big Four, offering a full range of audit, tax, and advisory services. It competes with HLB Hungary for statutory audits and international advisory mandates, particularly for large and listed clients.
• EY Hungary: EY Hungary is the Hungarian member of Ernst & Young Global, providing audit, tax, transaction, and advisory services. It is a broad incumbent in the Hungarian market with significant overlap on audit and advisory mandates.
• Deloitte Hungary: Deloitte Hungary is the Big Four affiliate in Hungary providing audit, consulting, tax, and financial advisory services. It is a broad incumbent competing for the largest Hungarian and multinational clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 HLB Hungary