À propos
Investment in a package of 12 hectares of forest land in Latvia, carried by FF Forest in partnership with Timbro. The model is based on purchase of undervalued land, timber harvest, reforestation for carbon credits and sale of agricultural land. Bond over 24 months with early exit options at 6 and 12 months.
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 · 19.0/75
(22.0 brut, red flags −3)
B1 · Instrument & Structure
4.0/10faible
B1.1: 2/5 - Hybrid instrument: 'RWA' loan on blockchain, insufficient legal documentation
B1.2: 1/3 - Latvian law mentioned but société dédiée (SPV) structure absent, partial structural opacity
B1.3: 1/2 - Claimed rank (Commercial Register Latvia) but not formally verified
B2 · Opérateur & Track record
3.0/15faible
B2.1: 1/4 - Entity FF Forest named, no clearly identified director with public profile
B2.2: 1/5 - First operation, no documented AGRI track record for FF Forest
B2.3: 0/3 - No history on this platform or other
B2.4: 1/3 - Unable to confirm judicial status in Latvian registers
B3 · Garanties & Sûretés
4.0/15faible
B3.1: 4/9 - Latvian forest land registered in Commercial Register as security, but rank and value not independently verifiable
B3.2: 0/4 - Guarantor (FF Forest) without published balance sheet or verifiable own capital
B3.3: 0/2 - No bank partner identified, amount <€2M therefore no RF2
B4 · Structure financière
3.0/15faible
B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable due to lack of independent valuation of land; collateral machinery/land partial, presumed Loan-to-Value (ratio prêt/valeur actif) 70-80%
B4.2: 0/4 - No documented own capital contribution
B4.3: 0/4 - No stress test presented, unknown Loan-to-Value (ratio prêt/valeur actif) >60% by default
B4.4: 1/2 - Multiple revenue streams mentioned (timber, carbon, land) but not contractualised
B5 · Pré-commercialisation
3.0/10faible
- Emerging activity, no signed harvest sales contract or documented CAP payments
- Timbro partnership mentioned but without formalised commercial commitment
- Score 3/10 by analogy to AGRI first cycle grid
B6 · Permis & Maturité
3.0/5
- Registration in Latvian Commercial Register mentioned; legal forest activity in Latvia; legal documents partially in order
- Recent activity, no specific licence independently verified
B7 · Marché & Localisation
2.0/3
- Latvian agricultural/forest market stable, 2024 harvest growth +15.5%, solid exporting sector
- Live data confirm stable trend
- Risks of energy and fertiliser inflation to monitor
⚠ 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 verifiable independently registered first-rank real guarantee - -3 pts
Points forts
Partnership with Timbro (75 professionals, €80M revenue) provides operational credibility.
Latvian forest market stable with documented growth in harvest in 2024.
Security registered in Latvian Commercial Register, blockchain traceability mentioned.
Accessible minimum ticket (€500) and early exit options at 6 and 12 months.
Risques identifiés
No identifiable regulatory licence PSFP/ECSP/CIP/IFP for FF Forest.
Rate of 18% per annum significantly above AGRI norm (5-10%) without verified real guarantee.
Valuation of forest land collateral not established by independent expert.
No published balance sheet of FF Forest, own capital and solvency impossible to confirm.
Instrument 'RWA blockchain' without clear legal documentation on applicable law.
⚠ 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.