Latvian Forest Development Fund — LV0000113702 — 15.0%/an · 35 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 - Fractioned note, contractual documentation absent from file

B1.2: 2/3 - Loan via originator, recognised EU Latvian law

B1.3: 1/2 - Ranking not documented, no known senior debt

B2 · Opérateur & Track record 2.0/15faible

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

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

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

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

B3 · Garanties & Sûretés 0.0/15faible

B3.1: 0/9 - No guarantee documented in file

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 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

B5: 1/10 - Loan pool data not disclosed (clients, concentration, history)

B6 · Permis & Maturité 0.0/5faible

B6: 0/5 - No information on legal status, licences or seniority
Sector not disclosed

B7 · Marché & Localisation 1.0/3faible

B7: 1/3 - Latvian SME credit rising (+18.6%) but GDP growth 2026 at 1.4%
Score adjusted through live data: upward trend, stagflation risk

Points forts

✓Debitum platform regulated in Latvia (FCMC licence)

✓Platform statistics: 0% default and delay >90d published

✓Latvian SME credit market growing, low credit penetration

✓Limited amount of EUR 200,000

Risques identifiés

!Rate of 15%/year without documented guarantee: RF10 limit, no penalty

!No originator officers identified in the file

!No financial data or portfolio on originator

!Sector not disclosed, consistency between forestry activity and loan pool not verified

!Latvian context: GDP 2026 at 1.4%, inflation at 3.6%, stagflation risk

⚠ 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.