Solarion — 7%/an · 60 mois

Plateforme · 22.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence granted by AMF on 6 December 2022 (fonds propres-2022-2), registre ORIAS n°15003274
Status fully compliant, currently valid

A2 · Track Record 6.0/6✓ max

Default 0.8% (<1% → 6 pts×0.5=3.0)
Delay 0.8% (<5% → 6 pts×0.3=1.8)
Realised yield ~5.9% compliant with announced ranges → 6 pts×0.2=1.2

A3 · Rigueur de sélection 3.0/4bon

RES selection process documented and recognised (technical, legal, financial due diligence)
Selection rate not explicitly published in available data

A4 · Santé financière 3.0/4bon

Independent platform founded in 2014 (>10 years), no distress signals
Active European expansion (Spain, Italy, Netherlands)
Fund launch 2026
No direct institutional backing

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → mandatory 4-day reflection period + continuity plan (1 pt)
Segregated accounts via third-party payment service provider Mangopay (1 pt)
No operational secondary market identified (0 pt)

Projet · 24.0/75 (29.0 brut, red flags −5)

B1 · Instrument & Structure 7.0/10

B1.1: 5/5 - Simple obligation fixed rate, French law

B1.2: 2/3 - Direct borrowing project company, no ad hoc entity

B1.3: 0/2 - Rank explicitly junior in the factsheet

B2 · Opérateur & Track record 9.0/15

B2.1: 4/4 - Corporate officer appointed, CV in appendix

B2.2: 2/5 - 18.1 MWc held, operations not documented

B2.3: 2/3 - Two Enerfip issues in 2022 in progress, no incident reported

B2.4: 1/3 - Net debt exceeding assets, losses 2024

B3 · Garanties & Sûretés 6.0/15faible

B3.1: 5/9 - First-rank pledge limited to 49% of shares

B3.2: 1/3 - Security weakened by arguably negative equity

B3.3: 0/2 - No identified banking partner

B4 · Structure financière 2.0/15faible

B4.1: 2/5 - Neither PPA nor documented tariff, zero revenue 2024

B4.2: 0/4 - Equity committed N/A

B4.3: 0/4 - No stress test, debt exceeding assets

B4.4: 0/2 - taux de couverture de la dette not communicated

B5 · Pré-commercialisation 2.0/10faible

Purchase agreements, licences and connections not documented in the factsheet
No revenue recorded in 2024

B6 · Permis & Maturité 1.0/5faible

Status of licences and connections for the 117 rooftops not specified in the file

B7 · Marché & Localisation 2.0/3

France rooftop PV market established
Live Paris trade data not relevant, rooftop location not specified
Stable trend, no adjustment

Points forts

✓Enerfip platform licensed PSFP AMF, historical claims ratio below 1%.

✓Simple obligation fixed rate 7%, compliant with RES standard.

✓Diversified portfolio of 117 photovoltaic rooftops, 18.1 MWc cumulative.

✓First-rank pledge on 49% of shares in the issuer.

✓Manager identified, CV and statement of responsibility in appendices.

Risques identifiés

!Obligations explicitly junior, subordinated to other creditors of the issuer.

!Net debt of 8.2 M€ exceeding total assets (7.2 M€).

!Zero revenue and loss of 279 K€ in 2024.

!Refinancing risk flagged; maturity of 2022 issues in 2026.

!Minority pledge (49%) not conferring control of the company.

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.