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Baltic Terra — LV0000113215
DE
Debitum 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.

Baltic Terra — LV0000113215

Fragile
41
score / 100
Yield
14.5%/yr
Duration
31 months
Min. ticket
—
Amount raised
200 k€
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À propos

Investment in a pool of business loans originated by Baltic Terra, Latvian operator. The fractional note is issued on the Debitum platform (regulated P2P market in Latvia). Approximate duration of 31 months, rate of 14.5%/year, amount of EUR 200,000.

Plateforme · 17.0/25
A1 · Statut réglementaire 5.0/8
  • FCMC investment licence (Latvia) obtained in September 2021
  • Recognised EU regulator, but investment licence ≠ explicit ECSP passport
  • Recognised EU equivalent → 5 points
A2 · Track Record 5.0/6bon
  • Default 0% → 6/6
  • Delay >90 days 0% → 6/6
  • Actual return vs announced return not disclosed → 0/6
  • A2 = (6×0.5)+(6×0.3)+(0×0.2) = 4.8, rounded to 5
  • Caveat: statistics cover ABS, not underlying loans
A3 · Rigueur de sélection 2.0/4

Transition to ABS model involves a structured selection process (FCMC licenced), but selection rate not published and process poorly detailed publicly → 2 points

A4 · Santé financière 3.0/4bon
  • Independent platform operational for >3 years (2021+), active in 2026, no platform distress signal identified
  • No known institutional shareholder → 3 points
A5 · Protection investisseurs 2.0/3
  • Investor protection EUR 20,000 provided by Latvian law (1 regulatory point)
  • FCMC licence implies continuity plan (1 point)
  • Secondary market or segregated escrow not confirmed → 0 points third criterion
Projet · 24.0/75 (29.0 brut, red flags −5)
B1 · Instrument & Structure 6.0/10
B1.1: 5/5 - Simple obligation fixed rate, recognized EU Latvian law
B1.2: 1/3 - Direct originator loan, Latvian law but poorly documented
B1.3: 0/2 - ABS pool structure, subordination undocumented, senior debt unknown
B2 · Opérateur & Track record 4.0/15faible
B2.1: 1/4 - Entity Baltic Terra named, no management identified
B2.2: 2/5 - SME lending activity in Latvia, insufficient history
B2.3: 0/3 - No documented history on Debitum
B2.4: 1/3 - No procedure identified but balance sheet unavailable
B3 · Garanties & Sûretés 4.0/15faible
B3.1: 2/9 - Pool of underlying loans without identified security on file
B3.2: 0/4 - Guarantor creditworthiness not assessable, no balance sheet data available
B3.3: 2/2 - NBFI originator licensed by FCMC, operating >2 years
B4 · Structure financière 5.0/15faible
B4.1: 2/5 - taux de couverture de la dette not disclosed, SME portfolio without detailed ratios
B4.2: 2/4 - Originator equity contribution not documented
B4.3: 0/4 - No stress test presented, Loan-to-Cost (ratio prêt/coût total)/Loan-to-Value (ratio prêt/valeur actif) unknown
B4.4: 1/2 - Latvian market in growth, operator data absent
B5 · Pré-commercialisation 3.0/10faible
  • Pool of active SME loans (SME-NBFI grid)
  • Poorly documented portfolio, concentration and diversification not disclosed
  • Insufficient client data for higher score
B6 · Permis & Maturité 5.0/5✓ max
  • NBFI activity established under valid FCMC Latvian licence, legal framework in order
  • ABS structure operational for >2 years
B7 · Marché & Localisation 2.0/3
  • Latvian market in growth (business loans +18.6% in 2025)
  • Low banking NPL, credit-to-GDP low (29%) leaves room for growth
  • Geopolitical risks and 2026 slowdown noted
⚠ Alertes détectées · −5 pts déduits
Aucune garantie réelle sur ce projet −5 pts

No documented security on this EUR 200K NBFI loan - ABS pool without identified collateral

Points forts
✓Latvian SME lending market in strong growth (+18.6% in 2025).
✓Debitum platform licensed by FCMC, zero default history on ABS.
✓Rate of 14.5%/year within SME-NBFI norms for risk class.
✓Originator Baltic Terra under active Latvian NBFI regulation.
Risques identifiés
!Operator Baltic Terra with no identified management or balance sheet available.
!No real security documented on underlying pool loans.
!Stress test absent, DSCR and financial structure not disclosed.
!Near-empty file: industry, originator profile and securities missing.
!Latvian GDP slowdown projected at 1.4% in 2026, stagflation risk.
Score card
Score card — Baltic Terra — LV0000113215
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