Latvian Forest Development Fund — LV0000113546 — 15.0%/an · 36 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 · 8.0/75

B1 · Instrument & Structure 4.0/10faible

B1.1: 2/5 - Fractional note on loan pool, documentation absent

B1.2: 1/3 - Latvian law presumed, structure not documented

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

B2 · Opérateur & Track record 2.0/15faible

B2.1: 1/4 - Entity named, no manager identified

B2.2: 0/5 - No financial history provided

B2.3: 0/3 - History on Debitum not documented

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

B3 · Garanties & Sûretés 0.0/15faible

B3.1: 0/9 - No guarantee documented

B3.2: 0/4 - No guarantor identified

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

B4 · Structure financière 0.0/15faible

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

B4.2: 0/4 - Originator equity unknown

B4.3: 0/4 - No stress test presented

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

B5 · Pré-commercialisation 1.0/10faible

SME-NBFI: 1/10 - Composition of underlying loan pool not communicated

B6 · Permis & Maturité 0.0/5faible

SME-NBFI: 0/5 - No information on originator legal status or licences

B7 · Marché & Localisation 1.0/3faible

B7: 1/3 - Latvian SME lending increasing, but growth 1.4% in 2026 and forestry sector not specified

Points forts

✓Platform regulated by Latvian FCMC, no published default

✓Latvian SME lending market growing (+18.6% in 2025)

✓Limited amount (EUR 200K), contained exposure

✓Debitum internal rating A

Risques identifiés

!Rate 15% per annum with no documented guarantee, at RF10 threshold limit

!No originator manager named in file

!Financial data and loan pool composition absent

!Latvian growth slowdown expected in 2026 and stagflation risk

!Platform statistics bearing on ABS, not on underlying loans

⚠ 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.