The invention relates to a valve device including a built-in expansion valve and a flow selector. The valve function is provided by a blocker mounted so as to be inverted. The expansion valve is arranged laterally and communicates with a high-pressure chamber immediately downstream from the blocker and with a low-pressure chamber via a side passage. A device for mechanically controlling the blocker is provided in a chamber sealingly separated from the high-pressure chamber and from the low-pressure chamber. A flow selector in the form of a disc with a calibrated opening is provided in the low-pressure chamber, the disc engaging with a passage directly linked to the outlet of the device. The mechanical control device engages with a control pin of the disc.