Baltic Terra — LV0000112076 — 13.0%/an · 24 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 · 33.0/75 (38.0 brut, red flags −5)

B1 · Instrument & Structure 7.0/10

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

B1.2: 1/3 - Loan pool structure, Latvian law, partial opacity of underlying assets

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

B2 · Opérateur & Track record 5.0/15faible

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

B2.2: 2/5 - Latvian SME originator, undocumented history, insufficient data

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

B2.4: 2/3 - No procedure identified, balance sheet not provided

B3 · Garanties & Sûretés 6.0/15faible

B3.1: 2/9 - No real security documented on this loan; SME pool with no identified collateral

B3.2: 2/4 - Guarantor not assessed, insufficient information

B3.3: 2/2 - NBFI originator licensed by Latvijas Banka, active >2 years

B4 · Structure financière 7.0/15faible

B4.1: 3/5 - Estimated taux de couverture de la dette not provided; growing Latvian SME pool, no precise ratio

B4.2: 2/4 - Operator capital contribution not documented, conservative assumption

B4.3: 1/4 - No stress test presented

B4.4: 1/2 - NBFI margin likely 2-5%, insufficient data

B5 · Pré-commercialisation 6.0/10

Latvian SME loan pool active, portfolio diversified according to market context (growth +18.6% 2025)
Originator portfolio data not detailed in the file

B6 · Permis & Maturité 5.0/5✓ max

Activity established >2 years, Baltic Terra licensed, legal documents assumed in order for regulated Latvian NBFI

B7 · Marché & Localisation 2.0/3

Latvian SME market in convincing recovery, business loans +18.6% in 2025
Stagflation risk and GDP slowdown 2026 limit to 2/3

Points forts

✓Debitum platform licensed ECSP Latvijas Banka, 0% historical default

✓Latvian SME market in strong growth (+18.6% business loans 2025)

✓Rate 13%/year consistent with SME-NBFI standard, no yield anomaly

✓Short duration 24 months, simple obligation structure Latvian law

Risques identifiés

!Directors of Baltic Terra not identified in the file, limited transparency

!No real security documented on the underlying loan pool

!Underlying pool assets not detailed; opacity on debtor quality

!Risk of Latvian GDP slowdown to 1.4% in 2026, pressure on exporting SMEs

!Balance sheet and DSCR of Baltic Terra absent from file, impossible to assess

⚠ 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.