Aviaco - Financement d'actifs aéronautiques - Lot 3

Les Entreprêteurs 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.

Aviaco - Financement d'actifs aéronautiques - Lot 3

Average

score / 100

Yield

10%/yr

Duration

18 months

Min. ticket

—

Amount raised

250 k€

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À propos

Third tranche of a 250,000 € bond issuance carried by Financ'Up to finance the acquisition of civil helicopters for dismantling and resale of certified spare parts via Aviaco. The operator specialises in the dismantling of Airbus helicopters (Dauphin, EC135, BK117/EC145), with a Part 145 certified workshop. Duration 18 months including 6 months deferral, rate 10%, simple obligations direct.

Plateforme · 15.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF fonds propres-2023-28 currently valid, confirmed REGAFI 86190
Maximum status

A2 · Track Record 2.0/6faible

Performance indicators published but default rate, delay >90 days and actual yield not precisely disclosed
Recent platform (2023)
Partial penalty applied due to lack of verifiable numerical data

A3 · Rigueur de sélection 1.0/4faible

Selection process not publicly documented, no selection rate published
Platform recognised and regulated, limited track record

A4 · Santé financière 2.0/4

Share capital of 200,000 EUR, young independent platform (licence 2023), no distress signals identified
Viability to be confirmed over time
Member of France FinTech

A5 · Protection investisseurs 2.0/3

4-day reflection period plus mandatory continuity plan (agrément AMF, 1 point)
Segregated funds via Lemonway confirmed (1 point)
Secondary market not documented (0 points)

Projet · 42.0/75 (47.0 brut, red flags −5)

B1 · Instrument & Structure 9.0/10bon

B1.1: 5/5 - Simple obligation fixed rate, French law

B1.2: 3/3 - Issuer Financ'Up distinct operator, clear law

B1.3: 1/2 - No known senior debt but guarantees not registered at formal rank

B2 · Opérateur & Track record 9.0/15

B2.1: 3/4 - Manager Nicolas Rovera appointed with role, verifiable public profile

B2.2: 3/5 - Structured group, Part 145, first aircraft dismantling company France, 2 years old

B2.3: 2/3 - 750K€ already financed and repaid on this platform

B2.4: 1/3 - Capital 2.5M€, company 2 years old, balance sheet not disclosed

B3 · Garanties & Sûretés 10.0/15

B3.1: 7/9 - Trust security over Financ'Up stock (private deed, not notarised) + registered pledge of securities + GAPD Aviaco France

B3.2: 2/4 - Guarantor Aviaco France: capital 2.5M€ but balance sheet not verified, gearing unknown

B3.3: 1/2 - No third-party bank; NBFI not licensed by central bank, limited institutional commitment

B4 · Structure financière 6.0/15faible

B4.1: 2/5 - taux de couverture de la dette not provided, insufficient financial data for calculation

B4.2: 0/4 - 0% equity, 100% crowdfunding

B4.3: 0/4 - No stress test, Loan-to-Cost (ratio prêt/coût total) 100%

B4.4: 1/2 - Implicit margin example EC135: ~53% on spare parts resale but not consolidated across entire activity

B5 · Pré-commercialisation 6.0/10

SME-NBFI: active portfolio with 750K€ financed over 3 tranches, documented recurring international customer base, aerospace parts market structurally under tension
Portfolio diversification poorly detailed

B6 · Permis & Maturité 5.0/5✓ max

Activity established 2+ years, valid Part 145 OSAC certification, regulatory supervision in order, active aerospace licences

B7 · Marché & Localisation 2.0/3

Civil aerospace MRO market in strong growth, documented shortage of Airbus certified parts (delays >12 months)
Niche market with high barriers to entry
Rising trend confirmed

⚠ Alertes détectées · −5 pts déduits

Aucune garantie réelle sur ce projet −5 pts

No first-rank real security registered - private deed trust and GAPD outside registered rank on 250K€ SME loan

Points forts

✓Three previous tranches (750K€) repaid on time on this platform.

✓Part 145 OSAC certification and DGA supervision: strong regulatory credibility.

✓Leading position in helicopter dismantling in France, market under tension.

✓Multiple documented guarantees: stock trust, pledge of securities, GAPD.

✓Civil aerospace MRO market structurally favourable with high barriers to entry.

Risques identifiés

!100% crowdfunding financing without equity contribution or bank debt.

!Financial balance sheet of Financ'Up and Aviaco France not disclosed, gearing unknown.

!Trust security under private deed (not notarised): limited enforcement power.

!Issuer company Financ'Up only 2 years old, limited credit history.

!GAPD Aviaco France under private deed: guarantor solidity not verifiable due to lack of balance sheet.

⚠ 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.