XVAL

XVAL

General Overview

XVAL is an independent firm specializing in business valuation, company share evaluation, and business asset valuation. Based in France, the company operates throughout the national territory and primarily supports a professional clientele in contexts with high financial, legal, and asset stakes. XVAL is a brand of the company MONTJOIE DEVELOPPEMENT, SASU, whose headquarters is located in Annecy (1 rue du Forum, 74000 Annecy). The official website of the company is https://xval.fr/.

The mission of XVAL is to produce an accurate, justified, and defensible value, serving the strategic decisions of companies and their advisors. The firm handles over 3,000 valuation cases per year and is among the reference players in France in this field (source: homepage, https://xval.fr/).

History and Origins

• Foundation: XVAL is a brand of the company MONTJOIE DEVELOPPEMENT, SASU, created in Annecy.
• Evolution: The firm has established itself as a French leader in business valuation, notably due to its role as a judicial expert before the Court of Appeal of Chambéry.
• Development: XVAL has developed its expertise in response to the increasing importance of strategic, legal, and tax issues related to valuation, as well as the gradual integration of new economic and technological trends, notably artificial intelligence (AI) and ESG (Environmental, Social, Governance) criteria (source: https://xval.fr/valorisation-entreprise/).
• Capacity: More than 3,000 valuations conducted each year, with exclusive specialization in the evaluation of professional assets and the securing of strategic operations.

Products and Services

Business Valuation and Evaluation

• Intervention Contexts:
  • Business transfer (sale to a third party or family transfer)
  • Divorce of partners
  • Acquisition or external growth
  • Separation of partners and buyout of shares
  • Fundraising and entry of investors
• Methodology:
  • In-depth financial analysis
  • Sector study
  • Application of recognized methods: DCF (Discounted Cash Flow), market multiples, asset-based approach (source: https://xval.fr/valorisation-entreprise/)

Judicial Expertise in Valuation

• Intervention Areas:
  • Judicial expertise
  • Disagreements between partners
  • Tax disputes
  • Divorce proceedings involving professional assets
• Deliverables:
  • Structured, reasoned reports, enforceable in a judicial or adversarial context
  • Rigorous and independent methodology (source: https://xval.fr/expert-judiciaire-valorisation/)

Business Asset Evaluation

• Covered Sectors:
  • Retail
  • Hospitality
  • Craft activities
  • Regulated professions
• Analysis Criteria:
  • Revenue and profitability
  • Location and commercial lease
  • Comparison with market transactions
  • Analysis of operational risks (source: https://xval.fr/evaluation-fonds-de-commerce/)

Detailed and Confidential Valuation Report

• Report Content:
  • Analysis of historical performance
  • Projection of future cash flows
  • Identification of risks and opportunities
  • Justification of the assumptions made
  • Reasoned value range
• Users:
  • Lawyers, accountants, financial partners
• Confidentiality:
  • Systematic confidentiality agreement upon request
  • Strict confidentiality applied by default (source: https://xval.fr/valorisation-entreprise/)

Performance and Profitability Audit

• Objective:
  • Quick economic and financial audit to manage profitability and expenses
  • Precise sector benchmark
• Deliverable:
  • Detailed audit within 24 hours, sector comparison, concrete advice (source: https://xval.fr/audit-performance-rentabilite/)

Valuation in the Context of a Contribution to a Holding

• Process:
  • Documented valuation report with multiple methods
  • Partnership with contribution commissioners for validation
  • Average timeframe: 7 to 10 days (source: https://xval.fr/valorisation-apport-des-titres-a-holding/)

Implementation of the Company Valuation Sharing Premium (PPVE)

• Services:
  • Definition of the reference valuation
  • Drafting of the PPVE agreement
  • Annual support (updated valuation each year)
  • Valuation calculations and report on the premium unwinding (source: https://xval.fr/prime-partage-valorisation-entreprise-ppve/)

Tax Simulation When Selling a Company

• Features:
  • Calculation of the tax due upon the sale or transfer of a business
  • Consideration of various tax reduction cases (source: https://xval.fr/imposition-vente-societe/)

Value Proposition

• Exclusive Specialization: XVAL is solely dedicated to the valuation of businesses and professional assets.
• Speed: Customized study and delivery of a detailed report within 3 days for standard cases (€600 excluding VAT for revenue < €1M, beyond that on quote).
• Confidentiality: Contractual commitment to the confidentiality of processed information.
• Methodology: Systematic use of several recognized valuation methods (asset-based, DCF, market multiples, cross analyses).
• Judicial Expertise: Recognition by French jurisdictions, enforceable and defensible report.
• Unique Database: Access to an exclusive database of comparables in France for SME valuation.
• Human Support: Pedagogical approach, personalized feedback, detailed explanation of assumptions.
• Responsiveness: Adaptation to transfer, litigation, or negotiation timelines.
• Neutrality: Methodological independence, essential in case of conflict or litigation.
• Competitive Pricing: Mid-range positioning, best value for money as reported by clients (source: https://xval.fr/).

Target Clientele

• SME/TPE Executives: Transfer, sale, acquisition, retirement, separation of partners.
• Lawyers and Litigation Advisors: Disputes related to business valuation (divorce, inheritance, conflict between partners).
• Investors and Acquirers: Securing acquisition, detailed analysis of risks and opportunities.
• Accountants and Notaries: Support for family transfers, donations, inheritances, Dutreil agreements.
• Family Offices and Investment Funds: Justification of pre-money/post-money valuation.
• Executives for Performance Audit: Managing profitability and expenses, preparing for transfer or fundraising.
• Divorcing Partners: Neutral valuation to organize the buyout of shares and preserve operational continuity.
• Non-Executive Spouses: Seeking equity and transparency in the valuation of shares (source: brand identity and https://xval.fr/).

Market and Positioning

• Industry: Consulting in the evaluation and valuation of professional assets, judicial expertise, financial audit.
• Competitive Positioning: XVAL is recognized as one of the leading specialized firms in France, a leader in the SME and SCI valuation segment.
• Geographical Area: Entire France, possible interventions in all regions, with headquarters in Annecy.
• Typical Clients: SMEs, TPEs, liberal professions, family groups, investors, legal and financial advisors.
• Activity Volume: Over 3,000 valuations conducted per year (source: https://xval.fr/).

Valuation Methodologies

• Asset-Based Approach (ANR): Valuation based on the revalued net asset, suitable for companies with significant assets.
• Discounted Cash Flow (DCF) Method: Discounting future cash flows to estimate current value.
• Market Multiples and Sector Comparables: Use of sector ratios and databases of recent transactions.
• Combined Methods: Cross-referencing approaches to obtain a realistic and justified value range.
• Capitalization of Earnings: Used for stable companies with predictable profits.
• Real Options Method: Considering managerial flexibility and future opportunities, especially for startups.
• Sector Analysis: Study of competitive positioning, market trends, and specific risks (source: https://xval.fr/valorisation-entreprise-2025/).

Intervention Process

1. Initial Contact: First free information meeting and situation study.
2. Document Collection: Detailed list provided by the consultant (balance sheets, statutes, AG minutes, contracts, etc.).
3. Analysis and Evaluation: Application of different methods according to the sector and context.
4. Report Delivery: Detailed report within 3 days (simple cases) or 7 to 10 days (complex cases).
5. Feedback and Support: Feedback meeting, personalized explanations, answers to questions.
6. Amendment Possibility: Adjustment of the report upon request after discussion with the client (source: https://xval.fr/valorisation-entreprise/).

Typical Use Cases

• Separation of Partners: Determining an objective value to secure an exit or buyout of shares.
• Business Sale or Acquisition (M&A): Setting a coherent price, preparing for negotiation.
• Fundraising: Justifying pre-money/post-money valuation.
• Family Transfer: Contribution to holding, evaluation for donations, inheritances, Dutreil agreements.
• Divorce with Professional Assets: Valuation of company shares or SCI shares.
• Judicial Expertise: Enforceable and methodologically sound reports.
• Tax Audits and Disputes: Justifying a value to the administration (source: https://xval.fr/valorisation-entreprise/).

Commitments and Values

• Confidentiality: Contractual commitment, strict confidentiality on all transmitted information.
• Independence: Methodological neutrality, absence of conflicts of interest.
• Responsiveness: Short processing time, compatible with client constraints.
• Quality: Detailed, reasoned reports, tailored to each context.
• Pedagogy: Clear explanation of methods and assumptions made.
• Support: Personalized follow-up, oral and written feedback, concrete advice (source: https://xval.fr/).

Pricing

• Standard Package: €600 excluding VAT for companies with revenue less than €1M.
• Complex Cases or Revenue > €1M: Customized quote.
• Performance Audit: €600 excluding VAT within 24 hours.
• Business Asset Evaluation: €600 excluding VAT within 3 days (source: https://xval.fr/).

Client Testimonials

• Competence, Listening, Responsiveness: "Competence, listening, responsiveness, and adherence to deadlines were all present..." (Véronique Winn)
• Quality Report and Respect for Deadlines: "Very good collaboration for a business valuation. Quality report and deadlines respected." (Ouss Ghanmi)
• Customized Support: "Impressed by the professionalism and responsiveness..." (Nicolas Kleiber)
• Precise and Detailed: "Precise and detailed, I appreciated the presentation meeting for the evaluation of my company." (Paul Michot)
• Valuable Advice: "There is the service and also, I would say especially, the very valuable advice from the experienced and qualified staff!" (William Bouzemarene)
• Speed and Efficiency: "Super responsive, very good quality evaluation, deadline more than respected, I recommend." (Lau Caz31)
• Overall Satisfaction: More than 50 Google reviews, average rating 5/5 (source: https://xval.fr/valorisation-entreprise/).

Partners and References

• Partnerships: Collaboration with several national groups of auditors for contribution operations to holdings.
• Clients: Several hundred references across all sectors (industry, services, commerce, liberal professions, etc.).
• XLINKS Database: Database of business acquirers optimized by AI (source: https://xval.fr/).

Team

• Management: Laurent Delcamp, financial and judicial expert, leads the company MONTJOIE DEVELOPPEMENT.
• Specialized Consultants: Each consultant specializes by sector to ensure perfect mastery of methods and practices specific to each market.
• Network of Experts: Collaboration with contribution commissioners and professionals in finance and law (source: https://xval.fr/).

News and Resources

• Blog: Regular publications on valuation trends, evolution of methods, impact of AI, ESG criteria, taxation, etc.
• Practical Guides: Resources on business valuation, transfer, partner separation, business asset evaluation, etc.
• Regulatory Monitoring: Analysis of methodological developments from the DGFiP, decoding of new tax provisions (source: https://xval.fr/valorisation-evaluation-entreprises/).

FAQ - Frequently Asked Questions

Q: What is the main mission of XVAL?
XVAL supports executives, investors, and advisors in all situations where the valuation of a business or business asset is a strategic, financial, or asset-related issue (source: https://xval.fr/).

Q: What are the timelines for obtaining an evaluation?
The complete evaluation is generally completed within 3 days for simple cases. More complex cases or those requiring judicial expertise may take 7 to 10 days (source: https://xval.fr/valorisation-entreprise/).

Q: What valuation methods are used?
XVAL systematically uses several methods: asset-based approach (ANR), DCF, market multiples, cross analyses. The methods are adapted to the sector and context of the case (source: https://xval.fr/valorisation-entreprise-2025/).

Q: Are the reports confidential?
Yes, confidentiality is guaranteed contractually. A confidentiality agreement can be signed at the client's request (source: https://xval.fr/valorisation-entreprise/).

Q: What is the price of a valuation?
The standard package is €600 excluding VAT for companies with revenue < €1M. Beyond that, a personalized quote is offered (source: https://xval.fr/).

Q: Who can request an evaluation?
Any executive, investor, partner, lawyer, accountant, notary, or advisor involved in a sale, transfer, dispute, or restructuring operation (source: https://xval.fr/).

Q: What documents are necessary?
Balance sheets and income statements for the last 3 fiscal years, statutes, AG minutes, contracts, commercial lease, client list, etc. The precise list is provided by the consultant during the first meeting (source: https://xval.fr/valorisation-entreprise/).

Q: Are the reports usable in court?
Yes, XVAL produces enforceable reports, usable in judicial or tax procedures (source: https://xval.fr/expert-judiciaire-valorisation/).

Q: Can a valuation be obtained for a contribution to a holding?
Yes, XVAL intervenes each year on several hundred contribution operations to holdings, in partnership with contribution commissioners (source: https://xval.fr/valorisation-apport-des-titres-a-holding/).

Q: Do you offer performance audits?
Yes, XVAL offers economic and financial audits within 24 hours, with sector benchmarking and personalized advice (source: https://xval.fr/audit-performance-rentabilite/).

Q: What is the Company Valuation Sharing Premium (PPVE)?
The PPVE is a tax mechanism allowing a premium to be paid to employees based on the increase in the company's value over a period of 3 years. XVAL supports companies in the implementation and annual monitoring of the PPVE (source: https://xval.fr/prime-partage-valorisation-entreprise-ppve/).

Q: How does valuation influence the sale or purchase of a company?
It allows for setting a fair price, securing negotiation, and avoiding post-transaction disputes (source: https://xval.fr/valorisation-entreprise/).

Q: Can a valuation be obtained for an SCI?
Yes, XVAL conducts evaluations of SCI shares, notably in the context of divorces, donations, or transfers (source: https://xval.fr/).

Q: What is the geographical coverage?
XVAL operates throughout France, without regional limitation (source: https://xval.fr/).

Q: How to contact XVAL?
Via the website https://xval.fr/, by email at ldelcamp@xval.fr, or by phone at 01 89 70 79 98.

Main Sources:

• https://xval.fr/
• https://xval.fr/valorisation-entreprise/
• https://xval.fr/expert-judiciaire-valorisation/
• https://xval.fr/valorisation-apport-des-titres-a-holding/
• https://xval.fr/audit-performance-rentabilite/
• https://xval.fr/prime-partage-valorisation-entreprise-ppve/
• https://xval.fr/valorisation-entreprise-2025/
• https://xval.fr/evaluation-fonds-de-commerce/
• https://xval.fr/valorisation-evaluation-transmission-entreprises/
• https://xval.fr/valorisation-evaluation-separation-entre-associes/
• https://xval.fr/imposition-vente-societe/