Latvian Forest Development Fund — LV0000113264 — 10.4%/an · 3 mois

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 · 15.0/75

B1 · Instrument & Structure 7.0/10

B1.1: 4/5 - Note of Latvian law loan, contractual documentation not provided

B1.2: 2/3 - Direct borrowing from originator, recognised EU law

B1.3: 1/2 - Unsecured, no known senior debt

B2 · Opérateur & Track record 5.0/15faible

B2.1: 1/4 - Named entity, no identified management

B2.2: 1/5 - Recent fund, no financial history provided

B2.3: 2/3 - First note of EUR 100,000 repaid without incident (live data)

B2.4: 1/3 - Verification of Latvian registers not documented

B3 · Garanties & Sûretés 0.0/15faible

B3.1: 0/9 - No collateral documented, RF8 not applicable (<EUR 500K)

B3.2: 0/4 - No guarantor identified

B3.3: 0/2 - Originator NBFI licence not documented

B4 · Structure financière 0.0/15faible

B4.1: 0/5 - taux de couverture de la dette not disclosed

B4.2: 0/4 - Originator equity unknown

B4.3: 0/4 - No stress testing, ratios unknown

B4.4: 0/2 - Margin and taux de couverture de la dette not disclosed

B5 · Pré-commercialisation 1.0/10faible

Underlying portfolio data not disclosed; sector indicated as 'EMPTY'

B6 · Permis & Maturité 1.0/5faible

Recent activity on platform (since February 2025); licences and legal documents not provided

B7 · Marché & Localisation 1.0/3faible

Latvian SME credit market in growth, but GDP 2026 forecast at 1.4% and stagflation risk
Score adjusted thanks to live data

Points forts

✓Very short maturity of approximately 3.5 months, limiting time exposure.

✓First note of EUR 100,000 repaid in full with interest in May 2025.

✓Yield of 10.4%/year compliant with SME-NBFI standard.

✓Latvian SME credit market in growth, credit/GDP low.

✓No CrowdRevolt registration reported.

Risques identifiés

!LFDF represents approximately 86% of Debitum's outstanding portfolio: systemic concentration risk.

!No collateral, security or buyback commitment documented.

!No financial data on originator or underlying portfolio.

!No originator officers identified in the file

!Forecast slowdown in Latvian GDP to 1.4% and inflation to 3.6% in 2026.

⚠ 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.