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DISQUALIFICATION

Final score of 4.25/100 resulting from combination: platform without verifiable licence (RF5 −10 pts), rate 16.7% without confirmed real security (RF10 −3 pts), platform score of 2/25 (no licence, no track record, no investor protection), and gross project score of 18/75 reduced to 5/75 after deductions. Structure insufficiently documented for any investment.

FF Forest Agricultural loan 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.

Forest Project 20260098

Avoid

score / 100

Yield

16.7%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

120 k€

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À propos

Participating loan of 120,000 € over 24 months at fixed rate of 16.7%/year, financing acquisition and management of deforested forestry land in Latvia by FF Forest platform. Model includes timber harvesting, reforestation for carbon credits and resale of agricultural land. Very early stage: 3% only collected to date.

Plateforme · 2.0/25

A1 · Statut réglementaire 1.0/8faible

FCMC regulation (Latvia) claimed and ECSPR compliance declared, but no registration verification obtained from FCMC or ESMA register
Without independent confirmation, application of minimal level: compliance declaration unverified

A2 · Track Record 0.0/6faible

No default rate, delay rate or realised return statistics published or verifiable
Penalty −2 pts for total absence of published data applied; base already at 0
Final score 0/6

A3 · Rigueur de sélection 0.0/4faible

No documented information on forest project selection process, no selection rate published, no credit committee identified in available sources

A4 · Santé financière 1.0/4faible

Platform financial data insufficient and not independently verifiable
Mention as potentially risky platform (argent-et-salaire.com, May 2026)
Platform operational but financial stability not confirmed

A5 · Protection investisseurs 0.0/3faible

ECSP/agrément AMF licence not confirmed: automatic minimum rule of 1 pt does not apply
No investor protection mechanism (segregation, secondary market, reflection period) documented or verifiable
Score 0/3

Projet · 17.0/75 (20.0 brut, red flags −3)

B1 · Instrument & Structure 4.0/10faible

B1.1: 2/5 - obligation convertible-like without confirmed registered real security

B1.2: 1/3 - Latvian law unfamiliar, applicable law mention absent from file

B1.3: 1/2 - Priority ranking claimed over land but not formally confirmed as registered

B2 · Opérateur & Track record 3.0/15faible

B2.1: 2/4 - Manager 'Morgan Yvon Charles D.' appointed without accessible profile

B2.2: 0/5 - No documented forestry operations delivered, nor verifiable AGRI history

B2.3: 0/3 - First operation on unknown platform

B2.4: 1/3 - No procedure identified but operator untraceable on public registers

B3 · Garanties & Sûretés 3.0/15faible

B3.1: 2/9 - Forestry land mentioned as security, registration in Latvian commercial register, but rank and mortgage registration not confirmed

B3.2: 0/4 - Guarantor solidity not assessable, no balance sheet available

B3.3: 1/2 - Mention of future bank refinancing, no signed agreement at this stage

B4 · Structure financière 4.0/15faible

B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable; land undervalued according to operator but no independent appraisal provided

B4.2: 1/4 - Equity contribution not documented, quasi-total financing by crowd

B4.3: 0/4 - No stress test presented, Loan-to-Value (ratio prêt/valeur actif) unknown

B4.4: 1/2 - Land resale model plus carbon credits mentioned but revenue not contractualised

B5 · Pré-commercialisation 3.0/10faible

Portfolio data not communicated
No signed sales contract, no documented harvest history
Incipient activity, first cycle not demonstrated
Score 3/10 by default SME-NBFI/AGRI insufficient data

B6 · Permis & Maturité 1.0/5faible

Activity very recent, registration in Latvian commercial register mentioned but no forestry licence or verifiable operating permit provided in file

B7 · Marché & Localisation 2.0/3

Stable Latvian agricultural market with growth in cereal yields (+15.5% in 2024) and solid dairy exports
Documented inflationary risks and rise in input costs
Established market, stable trend

⚠ Alertes détectées · −3 pts déduits

Plateforme non régulée Déjà comptabilisé dans le score plateforme (A1)

FF Forest platform without verifiable PSFP/ECSP/CIP/IFP licence - no FCMC or ESMA registration confirmed

Rendement élevé sans garantie réelle −3 pts

Rate served 16.7%/year without confirmed registered real security (mortgage or pledge not verified).

Points forts

✓Security over forestry land registered in Latvian commercial register mentioned.

✓Early exit option after 6 or 12 months with adjusted rates.

✓Documented growth in Latvian agricultural market (yields +15.5% in 2024).

✓Blockchain traceability mechanism as additional audit layer.

✓Guaranteed buyback (buyback guarantee) declared by platform.

Risques identifiés

!FCMC/ECSP licence not independently confirmed: platform potentially unregulated.

!Operator Morgan Yvon Charles D. untraceable on verifiable public registers.

!No published performance statistics; platform flagged as risky.

!Financing at 3% only collected on 120,000 €: project viability uncertain.

!Rate of 16.7%/year without confirmed registered real security: RF10 triggered.

⚠ 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.