Services · Valuation
Valuation
An independent, defensible answer to a single question: what is it worth, and why.
What we value
A valuation is more than a formula. It relies on assumptions, market evidence and professional judgement that must be coherent, well documented and capable of withstanding scrutiny.
Company shares
Valuation of shares across all contexts: business sale, capital gains tax, estate planning, etc.
Intrinsic business value
Enterprise Value of the business itself, independent of its financing structure.
Real rights
Usufruct and bare ownership, long-lease (emphyteusis) and similar real rights.
Pre-money valuations
Pre-money share valuations to support equity fundraising rounds.
Intangible assets
Valuation of intangible assets across all contexts: goodwill impairment, brands, IP, customer relationships, etc.
Complex securities
Options, management incentive plans (MIP), swaps and other contract-based derivatives.
Methods
Multicriteria approach, one reasoned conclusion
In line with international valuation best practices (IVS, IPEV and market standards), we apply multiple complementary approaches and reconcile their results into a single, reasoned conclusion.
Discounted cash flow (DCF)
Intrinsic value from your projected cash flows, with an explicit and challengeable discount rate.
Market multiples
Benchmarking against comparable transactions and listed peers, adjusted for size and risk.
Revalued net assets
Asset-based value, relevant for holdings, real-estate-heavy or asset-rich businesses.
Belgian tax link
Designed to hold up before the tax authorities
With Belgium's new capital-gains tax on share sales, the value you declare must be independently justified. Our reports are built to be defended.
Need a defensible valuation?
Tell us about your situation. We'll outline the right approach and a clear timeline.