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DISQUALIFICATION
Final score of 4.0/100 resulting from total absence of verifiable regulatory licence (RF5 −10 pts), rate 18% per annum without real guarantee of inscribed rank (RF10 −3 pts), and platform scores of 1/25. The structure presents cumulative risks incompatible with a recommendable investment.
À propos
Participatory loan of 350,000 EUR over 24 months to FF Forest, Latvian company for acquisition and management of degraded forests in Latvia. The model is based on purchase of deforested land, exploitation, reforestation and resale to farmers. The project is presented as backed by forest assets registered at the Latvian commercial register.
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/loan without clear structure, blockchain mention not legally valid
B1.2: 2/3 - Direct borrower FF Forest, Latvian law mentioned but poorly documented
B1.3: 0/2 - Land guarantee claimed but rank not formally established
B2 · Opérateur & Track record
3.0/15faible
B2.1: 2/4 - One name mentioned (Morgan Yvon Charles D.) without profile or function specified
B2.2: 0/5 - No sectoral experience documented for operator FF Forest
B2.3: 0/3 - No history on this platform or other
B2.4: 1/3 - No identifiable procedure but untraceable on registers
B3 · Garanties & Sûretés
4.0/15faible
B3.1: 4/9 - Land guarantee mentioned registered at Latvian Commercial Register, but rank and value not specified
B3.2: 0/4 - No guarantor balance sheet available, solvency not verifiable
B3.3: 0/2 - No banking partner identified
B4 · Structure financière
3.0/15faible
B4.1: 0/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable, value of forest collateral not specified
B4.2: 2/4 - Partner Timbro (80M€ turnover) brings operational credibility, but FF Forest equity contribution not documented
B4.3: 0/4 - No stress test presented, Loan-to-Value (ratio prêt/valeur actif) unknown
B4.4: 1/2 - Multiple revenue streams described (timber, carbon credits, sale) but figures not communicated
B5 · Pré-commercialisation
1.0/10faible
- No crop sale contract signed, no documented production history
- Timbro partnership mentioned but not formally contractualised
- Operational phase at early stage
B6 · Permis & Maturité
3.0/5
- Activity registered at Latvian Commercial Register according to file
- Legal structure present but age and operational documents not verifiable
- Activity ongoing but poorly documented
B7 · Marché & Localisation
2.0/3
- Latvian AGRI market stable, harvest growth 2024 (+15.5% cereal yield), forestry sector active
- Inflationary risks and high input costs
- Established market with no signal of decline
⚠ 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 18% per annum without real guarantee of inscribed and verifiable rank - −3 pts
Points forts
Operational partner Timbro documented (80M€ turnover, 75 professionals).
Latvian forestry market stable with 2024 growth documented.
Land guarantee registered at Latvian Commercial Register mentioned.
Early exit options (6 and 12 months) offer investor flexibility.
AI Apply technology for forest measurement brings operational credibility.
Risques identifiés
Platform without identifiable regulatory licence (PSFP, ECSP, CIP, IFP): major legal risk.
Rate of 18% per annum far above AGRI standard (5-10%), without verified guarantee of rank.
Operator FF Forest untraceable on public registers, sectoral experience not documented.
LTV not calculable: exact value of forest collateral not communicated in file.
Blockchain mention as transparency guarantee without recognised legal value.
⚠ 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.