Commande Birzuduona — 14.4%/an · 16 mois

Plateforme · 15.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence from AMF valid since 2023
Maximum applicable score without reservation

A2 · Track Record 2.0/6faible

Score adjusted using live data: official rates 0%/0% but documented opacity (borrowers in compulsory liquidation not recorded)
Real statistics unpublishable - default N/C (0), delay N/C (0), yield N/C (0)
Opacity penalty applied
Score: 2/6

A3 · Rigueur de sélection 1.0/4faible

Mention of risk scoring improvements in 2025, but documented financing of borrowers in collective insolvency proceedings indicates historically deficient selection
No selection rate published

A4 · Santé financière 2.0/4

Independent platform, agrément AMF since 2023, outstanding portfolio growing
Lemonway operational blocks documented end 2025
No institutional shareholders
No signal of collective insolvency proceeding on the platform itself

A5 · Protection investisseurs 2.0/3

agrément AMF licensed: reflection period 4 days plus continuity plan = 1 mandatory point
PSP Lemonway third party identified = 1 point (segregation)
Absence of documented secondary market = 0 points

Projet · 35.0/75 (38.0 brut, red flags −3)

B1 · Instrument & Structure 7.0/10

B1.1: 5/5 - invoice financing, directly documented ECSP instrument

B1.2: 1/3 - direct TAMTURBO loan, Finnish law unfamiliar

B1.3: 1/2 - ranking not formally registered, plain bond without known senior debt

B2 · Opérateur & Track record 7.0/15faible

B2.1: 2/4 - Igor NAGAEV appointed, no verified public profile

B2.2: 3/5 - TAMTURBO >10 years, stable industrial sector, negative taux de couverture de la dette but compressor specialist

B2.3: 1/3 - first operation on Bienprêter

B2.4: 1/3 - net loss -7.23M€, margin -76%, very tight balance sheet

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 6/9 - payment delegation on Biržų duona receivable + personal guarantee (delegation takes priority)

B3.2: 2/4 - Biržų duona fonds propres 7M€, moderate gearing, sound situation

B3.3: 0/2 - no identified banking partner, amount <2M€

B4 · Structure financière 5.0/15faible

B4.1: 3/5 - verified private debtor Biržų duona, turnover 31M€ stable

B4.2: 0/4 - no TAMTURBO equity injection documented

B4.3: 1/5 - no stress test, partial coverage via payment delegation

B4.4: 1/2 - TAMTURBO turnover 9.4M€ but net margin highly negative

B5 · Pré-commercialisation 6.0/10

Order signed with Biržų duona (768,500€), debtor identified as solvent (31M€ turnover, margin 7.6%)
Purchase order documented but private debtor not formally investment grade rated

B6 · Permis & Maturité 5.0/5✓ max

TAMTURBO activity established since 2010 (>10 years), all legal documents in order, licences valid, industrial supply contract signed

B7 · Marché & Localisation 1.0/3faible

Finnish/Lithuanian industrial market, oil-free compressor niche
Sector in moderate recovery but Baltic geographic exposure secondary
Stable industrial demand but uncertain macro context

Points forts

✓Final debtor Biržų duona solvent: turnover 31M€, net margin 7.6%, growth +23%.

✓Payment delegation on identified receivable - direct recovery mechanism.

✓TAMTURBO active since 2010, recognised specialist in industrial turbocompressors.

✓Order signed and documented, represents only 2.5% of debtor's turnover.

✓Platform licensed PSFP AMF, PSP Lemonway segregated.

Risques identifiés

!TAMTURBO presents net loss of -7.23M€ and net margin of -76.6% on N-1.

!No TAMTURBO equity injection documented; quasi-total financing by debt.

!Personal guarantee by Igor NAGAEV: patrimony not assessed, guarantee strength uncertain.

!Rate 14.4%/year without registered real guarantee; RF10 triggered (-3 pts).

!Bienprêter: opacity on actual loss rates, Lemonway blocks documented end 2025.

⚠ 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.