À propos
Property trader operation covering the acquisition, renovation and resale of a 98 m² house at 20 rue Lydia in Arcachon (33), carried by company COMPTOIR DU BUSINESS (Cédric Nanette). Land acquisition planned in June 2026, works to follow. Financing via simple bonds due at maturity over 15 months at 12% per annum.
Plateforme · 16.4/25
A1 · Statut réglementaire
8.0/8✓ max
- Licence agrément AMF AMF fonds propres-2023-30 currently valid, verified in AMF register
- Complete regulatory status
A2 · Track Record
2.4/6faible
- Score adjusted thanks to live data
- Default: 6/6 (0% published final defaults)
- Delay >90d: 1.5/6 (28.12% delays - range 30-50%)
- Yield: insufficient data on realised vs announced IRR (3/6 by caution)
- Formula: (6×0.5 + 1.5×0.3 + 3×0.2) = 3.0 + 0.45 + 0.6 = 4.05, minus 2pts penalty incomplete statistics = 2.4/6
- CrowdRevolt mentions documented on problematic projects (CRAPONNE), organised investors
A3 · Rigueur de sélection
2.0/4
- Mention of a documented selection process (prior audits mentioned in context) but selection rate not published
- Credibility affected by 28.12% delays and projects in collective insolvency proceedings despite initial audits
A4 · Santé financière
3.0/4bon
- Backed by Magellim Group (4.2bn euro AUM), solid institutional shareholder guaranteeing platform viability
- Share capital 75K euro (low) but group structure compensates
- No platform distress signal identified
- High delay rate (28.12%) does not penalise A4 (measured in A2)
A5 · Protection investisseurs
1.0/3faible
- agrément AMF licence: 4 day reflection period plus mandatory continuity plan = 1pt minimum guaranteed
- Payment service provider not documented in this data (0pt escrow)
- No operational secondary market identified (0pt)
Projet · 36.0/75
(39.0 brut, red flags −3)
B1 · Instrument & Structure
8.0/10bon
B1.1: 5/5 - Simple obligations fixed rate, clear French law
B1.2: 2/3 - Direct loan operator SAS, well documented French law
B1.3: 1/2 - First ranking claimed via mortgage, registration in progress of acquisition
B2 · Opérateur & Track record
8.0/15
B2.1: 4/4 - Cédric Nanette appointed, president, REV-TEGoVA real estate expert identifiable
B2.2: 2/5 - 2 property trader operations delivered in Nouvelle-Aquitaine, <5 units
B2.3: 1/3 - First operation on Baltis, track record on other platforms not documented
B2.4: 1/3 - Negative equity (−37K euro), gearing not calculable, net result −35K euro 2024
B3 · Garanties & Sûretés
10.0/15
B3.1: 7/9 - First ranking mortgage registered on assets plus notarised personal guarantee of manager; mortgage prevails
B3.2: 1/4 - Operator negative equity, guarantor natural person patrimony not evaluated
B3.3: 0/2 - No banking partner identified, project <2M euro so RF2 not triggered
B4 · Structure financière
8.0/15
B4.1: 3/5 - Loan-to-Value (ratio prêt/valeur actif) calculated ~67% (655K euro/974K euro turnover inc tax), range 55-65% limit
B4.2: 2/4 - Disbursement plan: 535K euro acquisition plus 120K euro works = 655K euro crowd; operator equity contribution not documented outside loan
B4.3: 2/4 - No stress test but 20% margin provides cushion
B4.4: 1/2 - Operator margin announced 20% turnover inc tax, within range 10-15% net
B5 · Pré-commercialisation
2.0/10faible
- No signed sales commitment at date
- Commercialisation planned after works completion
- Assets not yet acquired (acquisition June 2026)
- Arcachon market liquid, premium property, but zero pre-commercialisation
B6 · Permis & Maturité
0.0/5faible
- Land not yet secured at date of file (acquisition planned June 2026)
- No permits required (simple renovation works)
- Triggers RF6 (marchand de biens, land not secured)
B7 · Marché & Localisation
3.0/3✓ max
- Arcachon: premium seaside market, 7490-7975 euro/m², supply lower than demand (+10% buyers), resilience vs national (−8% vs −21%)
- Houses 7880-9185 euro/m², exit price below comparable median
⚠ Alertes détectées · −3 pts déduits
Terrain pas encore acheté
−3 pts
Land not yet secured on RE-MDB operation - notarial acquisition planned June 2026, land not secured at date of file (−3 pts)
Points forts
Premium location Arcachon, resilient market and demand exceeding supply.
Double guarantee: first ranking mortgage plus notarised personal guarantee of manager.
Operator certified REV-TEGoVA real estate expert, 2 operations delivered with 33% margin.
No administrative authorisation required, renovation without building permit.
Operator margin announced at 20% of turnover inc tax offering a protective cushion.
Risques identifiés
Land not secured: acquisition planned June 2026, risk of failure or overbidding before signing.
COMPTOIR DU BUSINESS negative equity (−37K euro), very fragile balance sheet structure.
Zero pre-commercialisation: resale entirely to be achieved post-works on secondary market.
100% financing through crowd collection without documented operator equity contribution or bank.
Baltis platform: 28% known delays, limited track record on similar projects.
⚠ 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.