Latvian Forest Development Fund — LV0000113645 — 11.0%/an · 6 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 · 0.0/75 (8.0 brut, red flags −10)

B1 · Instrument & Structure 4.0/10faible

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

B1.2: 1/3 - Opaque pool structure, applicable law not specified

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 or NBFI licence provided

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

B2.4: 1/3 - Latvian registers not verified, search required

B3 · Garanties & Sûretés 0.0/15faible

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

B3.2: 0/4 - No guarantor assessed

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

B4 · Structure financière 0.0/15faible

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

B4.2: 0/4 - Originator equity capital 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

Data on underlying loan portfolio not communicated (sector 'EMPTY') → 1 pt

B6 · Permis & Maturité 0.0/5faible

No information on track record, licences or legal situation of originator → 0 pt

B7 · Marché & Localisation 1.0/3faible

Latvian SME credit rising (+18.6% in 2025), but GDP 2026 forecast at 1.4%
Stagflation risks → 1 pt

Points forts

✓Debitum platform regulated in Latvia, no published default.

✓Debitum internal rating A assigned to this note.

✓Short duration of approximately six months limiting exposure.

✓Latvian SME credit market documented as growing.

✓Yield of 11% complies with SME-NBFI standard.

Risques identifiés

!No manager of originator identified in file.

!No guarantee or security documented on loan pool.

!Financial data and portfolio of originator not communicated.

!NBFI licence of originator not verified in Latvian registers.

!Latvian growth slowed to 1.4% in 2026, inflation rising.

⚠ 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.