Baltic Terra — LV0000112472 — 11.0%/an · 7 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 · 29.0/75 (39.0 brut, red flags −10)

B1 · Instrument & Structure 7.0/10

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

B1.2: 1/3 - Direct borrowing from originator, Latvian law but poorly documented profile

B1.3: 1/2 - No known senior debt, factual 1st rank not registered

B2 · Opérateur & Track record 6.0/15faible

B2.1: 2/4 - Baltic Terra named, management not identified in the file

B2.2: 2/5 - Pool of Latvian SME loans, no documented NBFI history

B2.3: 1/3 - 1st known transaction on Debitum, no visible history

B2.4: 1/3 - No proceeding identified but financial data absent

B3 · Garanties & Sûretés 9.0/15

B3.1: 5/9 - Buyback guarantee documented on the platform, no real security registered

B3.2: 2/4 - Strength of guarantor Baltic Terra not assessable due to lack of financial statements

B3.3: 2/2 - Debitum approved rating ECSP, institutional quality validated

B4 · Structure financière 6.0/15faible

B4.1: 3/5 - taux de couverture de la dette unknown, Latvian SME pool, market in growth +18.6%

B4.2: 1/4 - Baltic Terra equity contribution not documented

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

B4.4: 1/2 - Margin and taux de couverture de la dette of originator not disclosed

B5 · Pré-commercialisation 6.0/10

Active portfolio of Latvian SME loans in progress, strong Latvian corporate market growth (+18.6% in 2025), pool diversification not specified
Debitum A rating

B6 · Permis & Maturité 3.0/5

Baltic Terra operates in Latvia, presumed legal structure in order (licensed via Debitum), documented lending activity but age less than 2 years not confirmed

B7 · Marché & Localisation 2.0/3

Latvian SME lending market in strong recovery (+18.6% in 2025), credit-to-GDP 29% (under-penetration), low NPL rates
Moderate stagflationary and geopolitical risks in 2026

Points forts

✓Debitum platform licensed ECSP Latvijas Banka, track record 0% default since 2019.

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

✓A rating assigned by Debitum following internal analysis.

✓Short duration (7 months) limiting time-based exposure.

✓11% per annum within SME-NBFI norms, without exceeding RF10 threshold.

Risques identifiés

!Baltic Terra operator anonymous: no identifiable management, no financial statements available.

!No real security registered on the underlying pool of loans.

!Financial data of originator entirely absent from the file.

!Geopolitical and stagflationary risks in Latvia in 2026 (GDP +1.4%).

!Sectoral concentration of pool unknown, diversification not documented.

⚠ 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.