Aebischer Metha — 8%/an · 60 mois

Plateforme · 16.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF fonds propres-2023-33 currently valid
Maximum regulatory status confirmed

A2 · Track Record 3.0/6

Score adjusted thanks to live data: default 0.89% → 6pts×0.5=3.0; delay 27.54% (live) → 3pts×0.3=0.9; yield N/A → 0pts×0.2=0.0; base=3.9
Reduction −0.9 for 26 documented CrowdRevolt projects
Final: 3/6

A3 · Rigueur de sélection 2.0/4

Selection process mentioned (1,160+ projects since 2008) without published rate or verifiable committee detail
High delay rate suggests insufficient selection

A4 · Santé financière 1.0/4faible

Accelerated receivership (Oct
2025), procedure closed 11/12/2025, acquisition by Advenis validated
Stability under new owner <12 months → 1 pt (post-recent acquisition rule)

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → 1 pt minimum legal obligation (reflection period + continuity plan)
Segregated accounts via documented third-party payment service provider → +1 pt
No operational secondary market identified

Projet · 45.0/75

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Direct loan operator, clear French law

B1.3: 1/2 - Pledge of shares claimed, rank not registered with land registry at date

B2 · Opérateur & Track record 7.0/15faible

B2.1: 2/5 - Pierre-Antoine Aebischer appointed, LinkedIn not identifiable

B2.2: 2/5 - Farmer since 2017, 1 operational anaerobic digestion unit

B2.3: 1/3 - 1st WiSEED operation, reputation not verifiable elsewhere

B2.4: 2/3 - No litigation, confidential accounts, capital €1,080 very low

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 6/9 - Pledge of SAS shares, registration not confirmed

B3.2: 1/4 - Confidential balance sheet, capital €1,080, guarantor solidity not assessable

B3.3: 0/2 - No banking partner identified on this refinancing project

B4 · Structure financière 10.0/15

B4.1: 4/5 - Long-term PPA SICAE EST until 2038, regulated rate, projected taux de couverture de la dette 1.31x

B4.2: 2/4 - Existing asset, equity restored, operator initial contribution difficult to assess

B4.3: 2/4 - No documented stress test but low Loan-to-Cost (ratio prêt/coût total) (operational refinancing)

B4.4: 2/2 - EBITDA €417k (2024) and €326k (2025), taux de couverture de la dette >1.2 on contracted revenues

B5 · Pré-commercialisation 8.0/10bon

PPA signed with SICAE EST until 2038, guaranteed rate BG16
Connection active since 2018, 2021 expansion operational
No finalised environmental permit ICPE (regularisation ongoing)

B6 · Permis & Maturité 3.0/5

Unit operating since 2018, building permit existing
ICPE regularisation ongoing following threshold overshoot 30t/day post-2021 expansion
File not finalised at date

B7 · Marché & Localisation 2.0/3

French renewables market in growth (10.25% CAGR), Bourgogne-Franche-Comté target 5.1 GW
Agricultural anaerobic digestion at guaranteed rate: limited market risk
Solid sectoral niche

Points forts

✓Guaranteed tariff purchase contract SICAE EST until 2038, excellent revenue visibility.

✓Unit operational since 2018, solid EBITDA €417k (2024) and €326k (2025).

✓Input supply secured at 93% by integrated partner farms.

✓Maintenance contract 10 years with Clarke Energy, technical risk framed.

✓French renewables market in strong growth, favourable regulatory framework.

Risques identifiés

!SAS balance sheet confidential, capital €1,080. Financial solidity not verifiable.

!ICPE regularisation not finalised following threshold overshoot post-2021 expansion.

!Pledge of shares: official registration not confirmed in file.

!Refinancing of accumulated supplier debt: balance sheet structure under historical pressure.

!WiSEED platform post-receivership, stability under Advenis <12 months.

⚠ 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.