Commande Region Midtjylland — 12%/an · 23 mois

Plateforme · 15.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence from AMF valid since 2023
Maximum applicable score without reservation

A2 · Track Record 2.0/6faible

Score adjusted using live data: official rates 0%/0% but documented opacity (borrowers in compulsory liquidation not recorded)
Real statistics unpublishable - default N/C (0), delay N/C (0), yield N/C (0)
Opacity penalty applied
Score: 2/6

A3 · Rigueur de sélection 1.0/4faible

Mention of risk scoring improvements in 2025, but documented financing of borrowers in collective insolvency proceedings indicates historically deficient selection
No selection rate published

A4 · Santé financière 2.0/4

Independent platform, agrément AMF since 2023, outstanding portfolio growing
Lemonway operational blocks documented end 2025
No institutional shareholders
No signal of collective insolvency proceeding on the platform itself

A5 · Protection investisseurs 2.0/3

agrément AMF licensed: reflection period 4 days plus continuity plan = 1 mandatory point
PSP Lemonway third party identified = 1 point (segregation)
Absence of documented secondary market = 0 points

Projet · 40.0/75 (45.0 brut, red flags −5)

B1 · Instrument & Structure 7.0/10

B1.1: 5/5 - Direct ECSP loan at fixed rate 12%

B1.2: 1/3 - Direct borrowing, applicable law not specified, Italian borrower

B1.3: 1/2 - Priority claimed via delegation, not formally registered

B2 · Opérateur & Track record 9.0/15

B2.1: 2/4 - Andrea Bisi appointed, no profile provided

B2.2: 5/5 - Company since 1997, taux de couverture de la dette 10.3, public debtor

B2.3: 0/3 - No documented history on Bienprêter

B2.4: 2/3 - Sound balance sheet, Italian registers not verified (−1)

B3 · Garanties & Sûretés 8.0/15

B3.1: 6/9 - Payment delegation on public order, invoice not attached

B3.2: 2/4 - Solid debtor, acceptance and guarantee not assessed

B3.3: 0/2 - No banking partner, project below 2M€

B4 · Structure financière 8.0/15

B4.1: 3/5 - Foreign public debtor, total concentration

B4.2: 3/4 - Crowd at 50.4% of order, self-financing estimated

B4.3: 1/4 - No stress test presented

B4.4: 1/2 - Single financial year published, liquidity 1.7

B5 · Pré-commercialisation 8.0/10bon

Order signed for 939,557€ declared by a Danish public debtor
Invoice not attached to the file, production and delivery remaining to be completed

B6 · Permis & Maturité 3.0/5

Activity established since 1997
Legal information is inconsistent (SAS form, head office in France, atypical registration number) and must be updated

B7 · Marché & Localisation 2.0/3

Danish public debtor and stable medical sector
Live data concern Cagliari real estate, off-topic; stable trend, without adjustment

Points forts

✓Solid Danish public debtor, annual budget exceeding 4.5bn€.

✓Operator established since 1997, revenue of 36.5m€ in N-1.

✓DSCR of 10.3 and net margin of 8.3% declared.

✓Financing limited to 50.4% of order amount.

✓Platform licensed PSFP AMF, funds managed by Lemonway.

Risques identifiés

!100% concentration on single debtor, Region Midtjylland.

!File inconsistencies: head office in France, SAS form, duration of 22 or 23 months.

!Invoice and acceptance of delegation not attached.

!Actual defaults not published by Bienprêter, opaque track record.

!Italian registers not verified; live market data off-topic (Cagliari).

⚠ 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.