Baltic Terra — LV0000111920 — 13.75%/an · 31 mois

Plateforme · 21.0/25

A1 · Statut réglementaire 8.0/8✓ max

Licenced by Latvijas Banka / FCMC since September 2021 under Latvian ECSP regime
Calibration: Lande Finance (ECSP Latvijas Banka) = 8 points
Equivalent status applied

A2 · Track Record 6.0/6✓ max

Default 0% since 2019 (6/6)
Delay rate 0% (6/6)
Non-deviating yield reported (6/6)
A2 = (6×0.5 + 6×0.3 + 6×0.2) = 6/6

A3 · Rigueur de sélection 2.0/4

Process mentioned (post-2023 improvements), no published selection rate nor detailed committee description
2 points by default

A4 · Santé financière 3.0/4bon

Portfolio doubled in 2024, AUM €27.4M, 0% default
Independent platform >3 years, no distress signal
Concern of forestry sector concentration (March 2026) mild

A5 · Protection investisseurs 2.0/3

Active Latvian ECSP → 1 mandatory point (reflection period / continuity plan)
Buy-back guarantee at 90 days documented → 1 point (liquidity mechanism)
Segregated accounts not explicitly confirmed → 0 points

Projet · 46.0/75

B1 · Instrument & Structure 7.0/10

B1.1: 5/5 - Simple obligation fixed rate, Latvian law recognised

B1.2: 1/3 - Baltic issuer, applicable law not explicitly specified

B1.3: 1/2 - Rank not registered, no known senior debt

B2 · Opérateur & Track record 7.0/15faible

B2.1: 2/4 - Baltic Terra named, no manager identified in the file

B2.2: 2/5 - Recent NBFI or limited outstanding amount, insufficient data

B2.3: 1/3 - First operation on Debitum, verifiable history unavailable

B2.4: 2/3 - No proceeding identified, balance sheet not disclosed

B3 · Garanties & Sûretés 9.0/15

B3.1: 6/9 - Pledge on loan portfolio (pool business loans)

B3.2: 1/4 - Guarantor not assessed financially

B3.3: 2/2 - Baltic Terra licensed by BNB/Latvijas Banka, institutional NBFI active for more than 2 years

B4 · Structure financière 9.0/15

B4.1: 4/5 - taux de couverture de la dette not disclosed; Debitum A rating implies healthy profile, estimated 2.0-2.5

B4.2: 2/4 - Equity contribution not documented, diversified pool

B4.3: 1/4 - No stress test presented, Loan-to-Value (ratio prêt/valeur actif)/Loan-to-Cost (ratio prêt/coût total) unknown

B4.4: 2/2 - Regulated NBFI, estimated healthy margin on diversified portfolio

B5 · Pré-commercialisation 7.0/10

Pool of business loans with diversified active portfolio, partial documented history
Debitum A rating
Limited borrower data in file provided

B6 · Permis & Maturité 5.0/5✓ max

Established NBFI activity, valid Latvijas Banka licence, licences in order, sound legal structure

B7 · Marché & Localisation 2.0/3

Growing Latvian market (+18.6% business loans 2025), low NPL, credit-to-GDP 29% leaving room for expansion
Forecast GDP slowdown to 1.4% in 2026 and stagflation risks moderate the rating

Points forts

✓Debitum ECSP approved platform, 0% default track record since 2019.

✓A risk rating assigned by Debitum for this borrower.

✓Latvian SME credit market in strong growth (+18.6% in 2025).

✓Rate 13.75% p.a. attractive within SME-NBFI norm.

✓Baltic Terra Latvijas Banka licence confirmed.

Risques identifiés

!Baltic Terra managers not identified in file provided.

!Baltic Terra financial balance sheet not disclosed, gearing unknown.

!No stress test or detailed portfolio data available.

!Latvian GDP slowdown forecast to 1.4% in 2026, stagflation risk.

!Sector concentration and underlying quality not verifiable.

⚠ 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.