Acquisition de l'aéronef EC 135 T2 Aviaco - Tranche 1

Les Entreprêteurs Business lending Financé

Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Acquisition de l'aéronef EC 135 T2 Aviaco - Tranche 1

Strong

score / 100

Yield

10.0%/yr

Duration

18 months

Min. ticket

100 €

Amount raised

1.2 M€

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À propos

Refinancing of acquisition of a Eurocopter EC 135 T2 helicopter by FINANC'UP (holding structure of the AVIACO group) for dismantling and resale of certified spare parts. The equipment was acquired for €1.6M and is stored in Austria; tranche 1 of €1.2M covers initial acquisition. Repayment amortisable over 18 months with 6 months capital deferral, managed by the platform Les Entreprêteurs.

Plateforme · 18.5/25

A1 · Statut réglementaire 8.0/8✓ max

Licence agrément AMF AMF fonds propres-2023-28 valid and in force since November 2023
Status verified via live data

A2 · Track Record 3.5/6

Score adjusted based on live data: default rate 0.79% (6/6×0.5=3.0), delay >90 days 7.47% (4.5/6×0.3=0.45), actual versus announced return data not communicated (0/6×0.2=0)
126 mentions on CrowdRevolt document investor complaints regarding delays and guarantee execution

A3 · Rigueur de sélection 2.0/4

Mention of a selection process without published selection rate or complete details
Established platform (2014) and recognised with >850 projects funded

A4 · Santé financière 3.0/4bon

Independent profitable platform, >10 years of existence (since 2014), documented capitalisation €200K, active institutional partnerships
No PLATFORM distress signal identified despite portfolio concerns

A5 · Protection investisseurs 2.0/3

Mandatory 4-day reflection period (licenced agrément AMF) plus legally required business continuity plan (1/3)
Segregated accounts probable but not explicitly documented in provided data (0/3)
No secondary market mentioned (0/3)

Projet · 47.0/75

B1 · Instrument & Structure 8.0/10bon

B1.1: 5/5 - Simple fixed-rate bonds, clear French law

B1.2: 2/3 - Direct loan to operator (Financ'Up SASU), no dedicated separate société dédiée (SPV)

B1.3: 1/2 - No documented senior debt, rank not formally recorded

B2 · Opérateur & Track record 8.0/15

B2.1: 4/4 - Nicolas Rovera named, function specified, publicly identifiable profile

B2.2: 2/5 - Recent company, 1-2 documented operations, partial track record on this model

B2.3: 1/3 - First operation on this platform, verifiable sector reputation

B2.4: 1/3 - Gearing 1.6 (tight), debt/EBITDA leverage of 9.0 elevated, no documented proceedings

B3 · Garanties & Sûretés 10.0/15

B3.1: 8/9 - Trust without dispossession over stock plus pledge of Financ'Up securities plus GAPD under private deed Aviaco France

B3.2: 2/4 - AVIACO France guarantor: financial position not communicated precisely, gearing 1.6 tight

B3.3: 0/2 - No banking partner identified, project <€2M therefore RF2 not triggered

B4 · Structure financière 8.0/15

B4.1: 3/5 - Estimated taux de couverture de la dette ~1.05-1.16 (capacity €1.05M/annual debt service ~€0.9M), zone 1.0-1.5

B4.2: 0/4 - Equity invested €0 explicitly declared in the file

B4.3: 3/4 - taux de couverture de la dette ≥1.3 documented for 2026 according to forecasts, partial stress scenario presented

B4.4: 2/2 - Gross margin 29.4%, net profit positive €113.6K, EBITDA positive €399.9K

B5 · Pré-commercialisation 6.0/10

Active portfolio: one letter of intent for €650K received on the equipment (non-notarised letter of intent)
Documented recurring international customer base
Partial portfolio data - SME-NBFI score 6/10

B6 · Permis & Maturité 5.0/5✓ max

Established activity (AVIACO France SIREN 808302343), workshop certified Part 145, OSAC supervision, all legal documents in order
Activity >2 years, sound and regulated legal structure

B7 · Marché & Localisation 2.0/3

Helicopter spare parts market in chronic tension (Airbus lead times >12 months)
Recurring international customer base
Dynamic niche market but concentration on specific Airbus segment - 2/3

⚠ Alertes détectées · −5 pts déduits

Aucune garantie réelle sur ce projet −5 pts

Equity invested €0 on this project - CANCELLED: GAPD plus trust plus pledge documented (B3.1=8), RF8 does not apply.

Points forts

✓Integrated industrial model controlling the entire aerospace value chain.

✓Structured guarantees: trust over stock, pledge of securities, GAPD Aviaco France.

✓Airbus parts market in chronic tension, sustained global demand.

✓Part 145 certification and OSAC supervision guaranteeing regulatory compliance.

✓First letter of intent for €650K received on this equipment.

Risques identifiés

!Equity invested nil (€0) on this operation - 100% debt leverage.

!Net debt/EBITDA leverage of 9.0x very elevated, initial cash limited.

!GAPD under private deed (non-notarised) - enforceability less robust than notarised deed.

!Forecast 2026 DSCR estimated at ~1.05-1.16, very close to minimum acceptable threshold.

!Recent company, limited track record on dismantling model in volume.

⚠ 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.