DEV'STOCK — 8.5%/an · 36 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 · 31.0/75

B1 · Instrument & Structure 8.0/10bon

B1.1: 5/5 - Simple obligation fixed rate 8.5%, French law

B1.2: 2/3 - Recent issuing holding company, structural subordination to project entities

B1.3: 1/2 - Declared senior rank, pledge registration not attested

B2 · Opérateur & Track record 8.0/15

B2.1: 4/4 - Stéphane Bozzarelli appointed, CV attached in appendix

B2.2: 2/5 - DEV'ENR Group active, MWp in operation not documented

B2.3: 1/3 - Repayment history on Enerfip not documented

B2.4: 1/3 - Group in deficit (-54.7K€), very high gearing (~5.5)

B3 · Garanties & Sûretés 6.0/15faible

B3.1: 5/6 - First ranking pledge of Dev'Stock shares, registration not attested

B3.2: 1/4 - Pledged asset: holding with 1,000€ capital, projects in development

B3.3: 0/2 - No banking partner, project <2M€ therefore without RF2

B4 · Structure financière 4.0/15faible

B4.1: 2/5 - Projects in development, without contractualised revenues

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

B4.3: 2/4 - Positive external stress test, high sensitivity to delays

B4.4: 0/2 - No taux de couverture de la dette on contractualised revenues

B5 · Pré-commercialisation 2.0/10faible

Final development phase
No PPA, no signed disposal nor confirmed grid connection in the file
Repayment dependent on future project disposals

B6 · Permis & Maturité 1.0/5faible

Status of authorisations and land ownership for the 6 projects not documented
Risk of recourse and non-cooperation of landowners cited by issuer

B7 · Marché & Localisation 2.0/3

Battery storage market in France in growth
Score adjusted thanks to live data: upward trend, but data provided on commercial real estate, not relevant for this asset

Points forts

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

✓Simple senior obligation fixed rate 8.5%, within ENR standard.

✓First ranking pledge over 100% of issuer shares.

✓Director appointed, CV and statement of responsibility attached.

✓No delay, default or proceeding identified for Dev'Stock.

Risques identifiés

!Issuer created 30/03/2026, capital of 1,000€, without published accounts.

!DEV'ENR Group in deficit in 2024 with very high indebtedness (ratio ~5.2).

!Repayment dependent on disposals of battery projects still in development.

!Pledge backed by shares of uncertain value, without guarantee from DEV'ENR.

!CrowdRevolt search not finalised; absence of alert not confirmed.

⚠ 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.