Latvian Forest Development Fund — LV0000113660 — 12.0%/an · 12 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 · 9.0/75

B1 · Instrument & Structure 5.0/10

B1.1: 2/5 - Fractional score on pool, contractual documentation absent from file

B1.2: 2/3 - Originating loan Latvian, EU law recognised

B1.3: 1/2 - Rank not documented, 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 or NBFI status documented

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

B2.4: 1/3 - Latvian registers not verified, prudence penalty

B3 · Garanties & Sûretés 0.0/15faible

B3.1: 0/9 - No guarantee documented

B3.2: 0/4 - No guarantor identified

B3.3: 0/2 - Central bank licence of originator not documented

B4 · Structure financière 0.0/15faible

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

B4.2: 0/4 - Equity of originator unknown

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

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

B5 · Pré-commercialisation 1.0/10faible

SME-NBFI: 1/10 - Data of underlying loan portfolio not provided

B6 · Permis & Maturité 0.0/5faible

SME-NBFI: 0/5 - No information on legal status, licences or age
Sector not reported (EMPTY)

B7 · Marché & Localisation 1.0/3faible

1/3 - Credit to Latvian enterprises rising (+18.6 %)
GDP 2026 forecast at 1.4 % and stagflation risk signalled
Score adjusted thanks to live data: upward trend, but macro slowdown

Points forts

✓Platform regulated in Latvia, no default published on its notes

✓Modest amount of 200 000 EUR, short duration of approximately 12 months

✓Return of 12 %/year in line with SME-NBFI standard

✓Latvian corporate credit market in growth, low credit/GDP ratio

Risques identifiés

!No originator officers identified in the file

!No guarantee or security documented on the note

!Total absence of financial data and portfolio of originator

!Sector of activity not reported, real nature of pool uncertain

!Forecast slowdown of Latvian GDP in 2026, inflationary pressures signalled

⚠ 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.