FF Forest Business lending 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 20250021

Avoid

score / 100

Yield

18%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

250 k€

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À propos

Participating loan of €250,000 over 24 months at 18%/year to finance FF Forest's activity in Latvia, specializing in purchase of deforested forest land, harvesting, reforestation and sale of agricultural land. Security rests on forest land registered in Latvia's Commercial Register. Transaction fully financed according to document.

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 3.0/10faible

B1.1: 2/5 - obligation convertible/hybrid instrument, blockchain mention without clear legal documentation

B1.2: 1/3 - Borrower = platform itself, Latvian law poorly documented

B1.3: 0/2 - Land security claimed but not formally registered in demonstrated rank 1 position

B2 · Opérateur & Track record 3.0/15faible

B2.1: 1/4 - One person named (Morgan Yvon Charles D.) with no verifiable profile

B2.2: 1/5 - First visible transaction, no documented transaction history provided

B2.3: 0/3 - No platform history

B2.4: 1/3 - No procedure identified but registry data insufficient

B3 · Garanties & Sûretés 4.0/15faible

B3.1: 2/9 - Land security mentioned, registered in Latvian commercial register + blockchain; rank not specified

B3.2: 1/4 - Asset value not disclosed, guarantor strength not assessable

B3.3: 1/2 - No third-party bank identified; Timbro is operational partner, not financial partner

B4 · Structure financière 3.0/15faible

B4.1: 1/5 - taux de couverture de la dette not provided, operator financial data absent

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

B4.3: 0/4 - No stress testing, no financial data

B4.4: 2/2 - Timbro €80M turnover, multiple revenue streams (timber, carbon, agricultural land)

B5 · Pré-commercialisation 3.0/10faible

Active portfolio partial: Timbro partnership (75 professionals, €80M turnover) documented
Client portfolio data poorly detailed
Multi-revenue model credible but no signed sales contracts presented

B6 · Permis & Maturité 2.0/5faible

Activity mentioned as ongoing in Latvia, commercial register registration cited
Less than 1 year of visible platform history, partial legal documents
Forestry licences not confirmed

B7 · Marché & Localisation 2.0/3

Latvian SME/forestry market in growth (+18.6% outstanding 2025)
Strong demand for non-bank financing for SMEs
Stagflationary risks 2026 and sectoral exposure (timber, agriculture)
2/3 - established market with positive signals

⚠ 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 - deduction −10 points

Rendement élevé sans garantie réelle −3 pts

Rate paid 18%/year without registered and verified rank 1 real security (Latvian commercial register registration not equivalent to mortgage registered at land registry) - deduction −3 pts

Points forts

✓Operational partner Timbro credible: €80M turnover, 75 professionals, Latvian market leader.

✓Documented Latvian SME/forestry market growth (+18.6% outstanding 2025).

✓Early exit options at 6 and 12 months offer unusual flexibility.

✓Commercial register registration in Latvia and blockchain traceability mentioned.

✓Latvian non-bank SME financing market structurally underserved.

Risques identifiés

!Platform with no identifiable regulatory licence (PSFP, ECSP, CIP, IFP or EU equivalent).

!Rate 18%/year very high without verifiable rank 1 real security registered.

!Operator poorly identifiable: one name cited, no verified public profile, no history.

!No operator financial data (balance sheet, DSCR, equity, contribution).

!Land security registered on blockchain not equivalent to legally opposable mortgage.

⚠ 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.