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 20250012

Avoid

score / 100

Yield

18.0%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

100 k€

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À propos

Loan of €100,000 to FF Forest, company based in Riga (Latvia), for development of sustainable forestry management activity in Latvia. The operator purchases deforested land, practises silviculture and resells agricultural land. The loan is secured by forestry assets registered in the Latvian commercial register, for a term of 24 months at 18%/year.

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 · 19.0/75 (22.0 brut, red flags −3)

B1 · Instrument & Structure 4.0/10faible

B1.1: 2/5 - obligation convertible/unsecured loan without clearly registered real security, hybrid instrument

B1.2: 2/3 - Direct operator borrowing, recognised Latvian EU law

B1.3: 0/2 - Rank not documented, senior debt possible via bank refinancing mentioned

B2 · Opérateur & Track record 4.0/15faible

B2.1: 2/4 - 'Morgan Yvon Charles D.' appointed without verifiable public profile

B2.2: 1/5 - Partner Timbro documented (80M€ turnover), but FF Forest own experience not established

B2.3: 0/3 - No history on this platform or other

B2.4: 1/3 - No procedure identified but entity not traceable on registers

B3 · Garanties & Sûretés 5.0/15faible

B3.1: 5/9 - Security over forestry land registered at Latvian Commercial Register; rank and formal registration not confirmed

B3.2: 0/4 - Financial strength of guarantor not documented; fonds propres and gearing unknown

B3.3: 0/2 - No bank partner identified (project <€2M, no RF2)

B4 · Structure financière 3.0/15faible

B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable; forestry collateral without independent valuation provided

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

B4.3: 0/4 - No stress test, Loan-to-Value (ratio prêt/valeur actif) unknown

B4.4: 1/2 - Multi-revenue model (timber, land, CO2) but margins not quantified

B5 · Pré-commercialisation 1.0/10faible

AGRI activity: portfolio data not communicated, no documented signed crop or land sale contracts
Timbro partnership mentioned but without firm quantified commercial commitment

B6 · Permis & Maturité 3.0/5

Legal structure registered in Latvia (Commercial Register mentioned)
Operational activity affirmed but age and forestry licences not confirmed
Documents may require updating

B7 · Marché & Localisation 2.0/3

Latvian agricultural market stable, 2024 harvest up 15.5%, dairy sector exporting
Risks: rise in energy/fertiliser costs, inflation 3.6% forecast 2026
Established EU market

⚠ 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 in AMF, ORIAS or ESMA registers - deduction −10 pts

Rendement élevé sans garantie réelle −3 pts

Rate served 18%/year without confirmed registered real security of rank 1 (blockchain registration not equivalent to notarised mortgage) - deduction −3 pts

Points forts

✓Operational partner Timbro: 75 professionals, 80M€ turnover documented.

✓Latvian forestry market stable with confirmed agricultural growth in 2024.

✓Registration at Latvian Commercial Register mentioned as security.

✓Early exit options at 6 and 12 months reducing liquidity risk.

✓AI technology (Apply) for forestry measurement: credible operational differentiator.

Risques identifiés

!FF Forest platform without verifiable regulatory licence (AMF, ECSP, CIP): major investor risk.

!Rate of 18%/year very high for AGRI class without confirmed registered real security of confirmed rank 1.

!Operator not traceable in public registers; own experience not documented.

!Independent valuation of forestry collateral absent; LTV not calculable.

!No repayment history nor statistics published by platform.

⚠ Avertissement sur les risques

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