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DISQUALIFICATION

Final score 3.25/100 - Platform without identifiable regulatory licence (RF5 −10 points), rate 16.7%/year without registered real guarantee (RF10 −3 points), net project score after red flags = 4/75. Operator without track record, no financial information, project at 8% subscription only.

FF Forest Agricultural loan Financé

Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Forest Project 20260094

Avoid

score / 100

Yield

16.7%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

150 k€

Invest →

À propos

Participatory loan of €150,000 over 24 months to FF Forest, Latvian platform for acquisition and sustainable forest management in Latvia. The model consists of purchasing undervalued wooded land, harvesting timber, reforesting to generate carbon credits, then reselling agricultural parcels. The project is registered at the Latvian Commercial Register and used as guarantee (forest land).

Plateforme · 1.0/25

A1 · Statut réglementaire 0.0/8faible

AMF status not disclosed ('?')
No identifiable agrément AMF, ECSP, statut réglementaire CIP, IFP or equivalent EU licence in the registers consulted
RESEARCH REQUIRED: AMF register 'ff forest' + registre ORIAS + ESMA
Score 0/8 by principle of prudence
Would trigger RF5 (−10 pts) on any associated project

A2 · Track Record 0.0/6faible

No identifiable published statistics: default rate N/C, delay rate >90d N/C, actual vs announced return N/C
Penalty −2 pts applied + all base scores at 0
RESEARCH REQUIRED: 'ff forest' statistics platform default delay

A3 · Rigueur de sélection 0.0/4faible

No information on project selection process, selection rate, committee or borrower KYC identifiable
RESEARCH REQUIRED: 'ff forest' project selection process

A4 · Santé financière 0.0/4faible

No information on the financial health, shareholding or history of the platform
Impossible to confirm the legal existence of 'ff forest' in the available registers
Score 0 by prudence

A5 · Protection investisseurs 1.0/3faible

No agrément AMF/ECSP licence confirmed, therefore no automatic attribution of the regulatory point
1 pt awarded as minimal hypothetical credit if legal existence subsequently confirmed
RESEARCH REQUIRED: ff forest general conditions, fund segregation, secondary market

Projet · 17.0/75 (20.0 brut, red flags −3)

B1 · Instrument & Structure 4.0/10faible

B1.1: 2/5 - obligation convertible/unsecured loan without clear legal documentation, Latvian law

B1.2: 1/3 - Direct operator borrowing, poorly documented Latvian law

B1.3: 1/2 - Rank not formally registered, mention of land guarantee without confirmed mortgage deed

B2 · Opérateur & Track record 3.0/15faible

B2.1: 2/4 - Manager 'Morgan Yvon Charles D.' named, no verifiable public profile

B2.2: 0/5 - No documented forestry operations delivered, history absent

B2.3: 0/3 - First operation on unknown platform

B2.4: 1/3 - Impossible to verify Latvian registers, procedures not confirmed

B3 · Garanties & Sûretés 4.0/15faible

B3.1: 4/9 - Land guarantee on Latvian forest land mentioned, but exact type (mortgage, pledge) not specified in file

B3.2: 0/4 - Guarantor not evaluated, financial statements absent

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

B4 · Structure financière 3.0/15faible

B4.1: 0/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable, machinery/land collateral not valued

B4.2: 0/4 - Operator contribution not documented

B4.3: 0/4 - No stress test

B4.4: 3/2 - capped: Latvian agricultural revenues stable according to market data, but liquidity ratio unknown

B4.4: 1/2

B5 · Pré-commercialisation 3.0/10faible

AGRI: No signed crop sale contract, no documented CAP payments
Activity at start-up stage, land portfolio not detailed
Portfolio data not provided - 3/10

B6 · Permis & Maturité 1.0/5faible

AGRI: Activity very recent, registration at Latvian Commercial Register mentioned but complete legal documents not verifiable
Forestry licences not confirmed - 1/5

B7 · Marché & Localisation 2.0/3

Latvian agricultural market stable, cereal production +15.5% in 2024, dairy sector exporter
Inflationary pressures and input cost increases signalled
Established but secondary market - 2/3

⚠ Alertes détectées · −3 pts déduits

Plateforme non régulée Déjà comptabilisé dans le score plateforme (A1)

FF Forest platform without any verifiable PSFP/ECSP/CIP/IFP licence - −10 pts

Rendement élevé sans garantie réelle −3 pts

Rate served 16.7%/year without confirmed registered real guarantee (mortgage not formally registered) - −3 points

Points forts

✓Land guarantee on forest land registered at Latvian commercial register mentioned.

✓Early exit option at 6 and 12 months offers partial flexibility.

✓Documented growth in Latvian agricultural market (+15.5% production 2024).

✓Blockchain traceability announced as additional audit layer.

✓Buyback guarantee mentioned, potentially protective buyback mechanism.

Risques identifiés

!FF Forest platform without identifiable regulatory licence (PSFP, ECSP, CIP, IFP).

!Quasi-anonymous operator, no verifiable track record in forestry management.

!Rate of 16.7%/year very high for AGRI class, without formally registered mortgage.

!No financial information on operator (financial statements, equity, gearing absent).

!Project at 8% funding only on €150,000 - low market validation.

⚠ 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.