XVAL

XVAL

General Overview

XVAL is an independent firm specializing in business valuation, company securities assessment, and business asset valuation. Based in France, the firm operates throughout the national territory and primarily supports a professional clientele: executives, partners, accountants, lawyers, notaries, family offices, and investment funds. XVAL is recognized for its judicial expertise, responsiveness, and methodological neutrality. Its mission is to produce a precise, justified, and defensible value, serving the strategic decisions of businesses and their advisors. The official website is https://xval.fr/.

History and Origins

• Creation: XVAL is a brand of the company MONTJOIE DEVELOPPEMENT, SASU, based in Annecy (France).
• Development: The firm has established itself as a French leader in business valuation, notably through its role as a judicial expert with the Court of Appeal of Chambéry.
• Evolution: XVAL handles over 3,000 cases per year and has developed a unique database of comparables for French SMEs. The company has integrated new economic and technological trends, such as artificial intelligence (AI) and ESG (Environmental, Social, Governance) criteria, into its evaluation methodologies.
• Leadership: Montjoie Développement is led by Laurent Delcamp, a financial expert involved in amicable, contentious, or judicial procedures (source: https://xval.fr/valorisation-entreprise/).

Products and Services

Business Valuation and Assessment

• Comprehensive evaluation of businesses and company securities.
• Contexts of intervention:
  • Business transfer (sale to a third party, family transfer)
  • Partner divorce
  • Acquisition or external growth
  • Separation of partners, buyback of shares
  • Fundraising, entry of investors
• Methodologies used:
  • Asset-based approach (NAV)
  • Discounted cash flow (DCF) method
  • Market multiples and sector comparables
  • Cross analyses integrating risk, profitability, and financial structure
• Detailed report delivered within 3 to 7 days depending on complexity (source: https://xval.fr/valorisation-entreprise/).

Judicial Expertise in Valuation

• Interventions:
  • Judicial expertise (appointment by a judge)
  • Disagreements between partners
  • Tax disputes
  • Divorce proceedings involving professional assets
• Structured reports enforceable in a judicial context, based on a rigorous and independent methodology (source: https://xval.fr/expert-judiciaire-valorisation/).

Business Asset Valuation

• Sectors covered:
  • Retail
  • Hospitality and catering
  • Craft activities
  • Regulated professions
• Applied methods:
  • Analysis of revenue and profitability
  • Study of location and commercial lease
  • Comparison with market transactions
  • Analysis of operational risks
• Personalized report within 3 days for business assets with revenue < €1M, beyond that on estimate (source: https://xval.fr/evaluation-fonds-de-commerce/).

Performance and Profitability Audit

• Economic audit of performance and key financial ratios
• Sector comparison (database of over 23 million French companies)
• Audit of personnel costs and key financial ratios
• Report within 24 hours for €600 excluding tax (source: https://xval.fr/audit-performance-rentabilite/).

Valuation in the context of contribution of securities to a holding

• Comprehensive report using multiple methods, documented (references, justifications, adjustments)
• Partnerships with contribution commissioners for validation
• Short deadlines: 3 to 10 days depending on the case (source: https://xval.fr/valorisation-apport-des-titres-a-holding/).

Business Valuation Sharing Premium (PPVE)

• Complete implementation of the PPVE scheme (decree of June 30, 2024)
• Determination of the reference valuation
• Drafting of the PPVE agreement
• Annual support for updated valuation and creation of information documents for employees (source: https://xval.fr/prime-partage-valorisation-entreprise-ppve/).

Tax Simulation when Selling a Business

• Calculation of the tax due upon the sale or transfer of a business
• Consideration of tax reduction cases (holding period, retirement, etc.)
• Online tool updated according to current tax legislation (source: https://xval.fr/imposition-vente-societe/).

Value Proposition

• Exclusive specialization in business and business asset valuation
• Speed: detailed evaluation within 3 days (€600 excluding tax for revenue < €1M)
• Strict confidentiality and signing of confidentiality agreements upon request
• Independence and methodological neutrality, essential in case of conflict or judicial procedure
• Detailed and reasoned reports, usable in a transactional, tax, or judicial context
• Unique database of comparables in France for SME valuation
• Pedagogical and human approach, adapted to conflicting or sensitive situations
• Recognized judicial expertise, a guarantee of credibility with courts and tax authorities (source: https://xval.fr/).

Target Clientele

Main Segments

• SME/TPE executives (transfer, sale, acquisition, retirement)
• Lawyers and advisors (disputes, litigation, divorce, succession)
• Investors and buyers (securing acquisition, risk analysis)
• Accountants, notaries, family offices
• Investment funds (fundraising, pre-money/post-money valuation)
• Partners in separation or capital conflict
• Executives for performance and profitability audit
• Non-executive spouses (divorce, liquidation of matrimonial regime)
• Family law lawyers (complex assets, SCI, holding)
• Pairs of partners in divorce proceedings
• Executives preparing a family transfer, donation, Dutreil Pact

Typical Use Cases

• Separation of partners and capital conflicts
• Sale or acquisition of a business (M&A)
• Fundraising and entry of investors
• Family transfer, donation, succession, Dutreil Pact
• Divorce involving professional assets or shares of SCI
• Judicial expertise and contribution commissioner missions
• Tax audits and disputes

Market and Positioning

• Sector: Financial consulting, business valuation, judicial expertise
• Geographical area: Entire France, with headquarters in Annecy (1 rue du Forum, 74000 Annecy)
• Positioning:
  • Mid-range pricing
  • Efficiency, speed, best value for money
  • Strong specialization, recognized expertise
• Competition: Valuation firms, accountants, M&A companies, contribution commissioners (non-exhaustive list, not mentioned on the site)

Valuation Methodologies

• Asset-based approach (revalued net asset, NAV)
• Multiple methods (sector comparison, EBITDA multiples, revenue, net income)
• DCF method (Discounted Cash Flow, discounting future cash flows)
• Earnings capitalization method
• Real options method (for innovative companies/startups)
• Combined methods to obtain a realistic and justified value range
• Sector analysis and benchmarking with a database of over 23 million French companies (source: https://xval.fr/valorisation-entreprise-2025/).

Mission Process

• Initial contact and collection of necessary information (email, phone or video appointment)
• Customized study by a specialized consultant in the sector
• Transmission of a draft report within 3 days (for simple cases)
• Exchange and amendment during a restitution appointment
• Delivery of the final report
• Confidentiality guaranteed at every stage

Timeline and Pricing

• Standard timeline: 3 working days for classic evaluations (€600 excluding tax for revenue < €1M)
• Timeline for complex cases: 7 to 10 days (pricing on estimate)
• Performance audit: within 24 hours, €600 excluding tax
• Business asset valuation: within 3 days, €600 excluding tax (revenue < €1M)
• Contribution report to holding: 7 to 10 days, on estimate for revenue > €1M
• Payment: by bank transfer or secure Stripe payment (source: https://xval.fr/valorisation-entreprise/).

Required Documents for Evaluation

• Legal documents:
  • K or Kbis extract
  • Company bylaws
  • Minutes of the last general assembly
  • Report from auditors (if applicable)
• Financial documents:
  • Balance sheets and income statements for the last 3 fiscal years
  • Detailed analysis of revenue (3 to 5 years)
  • Compensation, expenses, benefits in kind of the executive
  • List of loans, schedules, lease agreements
• Operational documents:
  • Commercial lease
  • Employment contracts, insurance policies, commercial contracts
  • Titles of ownership of real estate
  • List of ongoing disputes or lawsuits
  • Personnel statements (organizational chart, compensation, age pyramid)
  • Product/service catalog and pricing (source: https://xval.fr/valorisation-entreprise/).

Commitments and Values

• Strict confidentiality regarding all transmitted information
• Independence and neutrality in evaluation
• Transparency of methods and assumptions retained
• Pedagogy in the restitution of results
• Responsiveness adapted to timelines for sale, litigation, or negotiation
• Recognized judicial expertise (source: https://xval.fr/).

Client Testimonials

• Competence, listening, responsiveness and respect for deadlines (Véronique Winn, transfer of a holding)
• Well-argued and clear reports (Aurore Log, valuation of 4 companies)
• Tailored support and professionalism (Nicolas Kleiber)
• Valuable advice from experienced staff (William Bouzemarene, BEST ENERGY CONTROL)
• Speed and efficiency in the context of divorce, sale, fundraising, or share buyback
• Google rating: 5/5 based on over 50 verified reviews (source: https://xval.fr/valorisation-entreprise/).

News and Blog

• Topics covered:
  • Valuation methodologies (asset-based, DCF, multiples, real options)
  • Impacts of AI on business valuation
  • ESG criteria and valuation
  • Tax scales and regulatory developments
  • Business transfer, Dutreil Pact, donation
  • Earn-out, normalized working capital, EBITDA adjustments
  • Valuation of operating losses, claims, disputes
  • Business Valuation Sharing Premium (PPVE)
• Latest articles (summer 2026):
  • Donation of securities and Dutreil Pact: securing valuation with the new value rescript (July 27, 2026)
  • Agentic AI and business valuation (July 19, 2026)
  • Artificial intelligence and PPVE (July 8, 2026)
  • New DGFiP valuation guides 2026 (July 2, 2026)
  • Heatwave, climate change, and business valuation (June 24, 2026)
  • Tax scale for business assets 2026 (June 12, 2026)
  • EBITDA adjustments (May 27, 2026)
  • Earn-out and structuring the sale price (April 20, 2026)
  • Inflation and valuation 2025 (December 1, 2025)
  • ESG and valuation (November 25, 2025) (source: https://xval.fr/valorisation-evaluation-entreprises/).

Partnerships and Technologies

• XLINKS: Database of business acquirers optimized by AI (https://www.xlinks.ai)
• Partnerships with contribution commissioner firms across France
• Use of sector databases and advanced benchmarking tools

Legal Mentions and Contact Information

• Commercial and legal name: XVAL
• Company: MONTJOIE DEVELOPPEMENT, SASU with a capital of €8,330
• SIRET: 80843286800020, RCS of Annecy
• Address: 1 rue du Forum, 74000 Annecy, France
• Phone: 01 89 70 79 98
• Email: ldelcamp@xval.fr
• Website: https://xval.fr/
• Privacy Policy: https://www.iubenda.com/privacy-policy/51000974
• Terms and Conditions: https://www.iubenda.com/conditions-generales/51000974

FAQ - Frequently Asked Questions

Q: What is XVAL's specialty?
XVAL specializes in business valuation, company securities assessment, and business asset valuation in France.

Q: What are the timelines for obtaining an evaluation?
The standard timeline is 3 working days for simple cases. For complex cases, the timeline can extend to 7 to 10 days.

Q: What are the rates charged?
The base rate is €600 excluding tax for businesses or business assets with revenue under 1 million euros. For more complex cases, a personalized estimate is provided.

Q: What valuation methods are used?
XVAL uses asset-based (NAV), DCF, market multiples, earnings capitalization, real options, and combined methods depending on the context.

Q: Are the reports usable in court?
Yes, the reports are structured, reasoned, and enforceable in a judicial, tax, or transactional context.

Q: Does XVAL operate throughout France?
Yes, XVAL operates across the entire French territory.

Q: What confidentiality is provided for transmitted data?
Confidentiality is guaranteed. A confidentiality agreement can be signed upon request.

Q: What documents are necessary to initiate an evaluation?
Balance sheets and income statements for the last 3 fiscal years, bylaws, Kbis, contracts, commercial lease, list of loans, etc.

Q: Can a valuation be obtained for a business generating more than €1M in revenue?
Yes, XVAL offers custom estimates for businesses of all sizes.

Q: Does XVAL offer a performance audit?
Yes, an economic and profitability audit is offered within 24 hours, with sector comparison.

Q: What is the PPVE?
The Business Valuation Sharing Premium is a tax scheme allowing a bonus to be paid to employees based on the increase in the company's value over 3 years.

Q: Does XVAL offer a tax simulation?
Yes, an online simulator allows estimating the tax due upon the sale of a business.

Q: Who leads XVAL?
Laurent Delcamp is the leader of Montjoie Développement, the company behind the XVAL brand.

Q: Is XVAL recognized as a judicial expert?
Yes, XVAL acts as a judicial expert with the Court of Appeal of Chambéry and throughout France.

Q: What are the advantages of choosing XVAL?
Speed, confidentiality, independence, sector expertise, unique database of comparables, detailed and pedagogical reports.

Q: Can orders and payments be made online?
Yes, ordering and payment (Stripe or bank transfer) are possible online.

Main sources:

• https://xval.fr/
• https://xval.fr/valorisation-entreprise/
• https://xval.fr/valorisation-entreprise-2025/
• https://xval.fr/valorisation-evaluation-transmission-entreprises/
• https://xval.fr/valorisation-apport-des-titres-a-holding/
• https://xval.fr/evaluation-fonds-de-commerce/
• https://xval.fr/expert-judiciaire-valorisation/
• https://xval.fr/prime-partage-valorisation-entreprise-ppve/
• https://xval.fr/audit-performance-rentabilite/
• https://xval.fr/imposition-vente-societe/
• https://xval.fr/valorisation-evaluation-entreprises/
• https://xval.fr/mentions-legales/
• Client reviews and FAQ on the main pages of the site