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Matthias Mandiau

Matthias Mandiau

Co-founder & engineering / data lead

Matthias is co-founder of Upswitch and leads engineering and data. He has spent ten years building software across Belgium, Sweden and EMEA. At Upswitch, he built the valuation engine from the ground up: from accounting integrations and data pipelines to the layer that turns calculations into clear explanations. He co-authors the Upswitch Research reports and owns the technical methodology.

Expertise

Valuation engine architecture · DCF + multiples + NAV + liquidation methods · accountant integrations · k-anonymised data pipelines · sector classification (NACE / SBI)

Topics

  • EBITDA
  • SDE (Seller's Discretionary Earnings)
  • Capex normalisation
  • Intercompany flows
  • Net working capital (NWC)

Authored research

  • 2026-05-15

    SME M&A Multiples Report: Benelux Edition

Find me elsewhere

  • be.linkedin.com/in/matthias-mandiau-2a5a2aa5
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