Maclear Project Move On
- Written by
- Just P2P
- •
- Updated November 24, 2025
Score C+
Move On OOD, founded in 2016 in Sofia, Bulgaria, pivoted in 2022 from web development to artificial intelligence through outsourcing and custom projects. The company operates in the American and European markets, combining software development and specialized hardware procurement, with Tech.us Inc. as a major strategic partner.
The financing targets equipment acquisition: servers, networks and security to deploy a complete AML transaction monitoring system at LCX AG. This infrastructure will enable the company to fulfill a major contract while establishing a technical reference in regulated sectors, strengthening its European position.
Investment terms
Loan requested : 929,000€
Period : 12 months
Interest rate : 14.8%
Company contribution : 255 € (in cash)
The financing represents 90.9% of 2024 revenue and 6.9 times net profit, showing the project’s scale relative to the company’s current size. This scale aligns with the rapidly growing AI sector where system integration contracts commonly reach several million euros.
The 1,440,000 € LCX AG contract includes a service component generating recurring monthly revenue of 35,000 € over 12 months, partially securing future cash flows. The company’s symbolic contribution reflects a cash preservation strategy, with external financing covering 99.97% of total equipment investment.
Risk metrics
Debt/Equity Ratio : 2.7 (High risk)
LTV (Loan to Value) : 85% (High risk)
Credit History Score : 7/10 (Acceptable creditworthiness)
The debt/equity ratio of 2.7 indicates a high-risk profile with significant financial leverage. The LTV of 85% shows limited collateral coverage against the debt. The credit score of 7/10 reflects acceptable creditworthiness but insufficient to offset the high debt/equity ratio and limited collateral coverage. These metrics suggest a risky profile requiring close attention to cash flows and contract execution to ensure debt service.
Business profile
Geographic Location : Bulgaria (EU member states)
Industry Sector : Services (IT/AI)
Collateral Type : Equipment/Company assets
The Bulgarian location offers competitive advantages including lower labor costs for equivalent skills. Sofia has a modern IT infrastructure, an essential asset to support the AI sector which is growing at 29% annually, driven by generative AI and digitalization.
The collateral includes 196,190 € of existing equipment (GPU servers, network infrastructure) and 929,255 € of financed equipment, valued at 743,404 € after a 20% discount, plus 148,997 € in cash. The 2022 pivot to AI improved operating margins from 6.6% to 16.3%, demonstrating management’s ability to adapt.
Positive / Risk factors
Positive factors
- Strong revenue growth
- LCX AG contract secures 2025-2026
- Operating margins > 15%
- Tech.us partnership → U.S. market
- Phased roadmap reduces risk
- Complementary management team
Risk factors
- High debt/equity ratio at 2.7
- Limited collateral coverage at 85%
- Average credit score 7/10
- Heavy dependence on one client
- Dual model complexity
- Limited traditional tangible assets
Opinion Move On
The C+ rating is justified by the combination of a high debt/equity ratio and limited collateral coverage, positioning the investment in the high-risk category despite several significant mitigating factors. The LCX AG contract provides solid contractual visibility, while continuous improvement in operating margins demonstrates operational efficiency.
Although client concentration and the average credit score are relatively concerning, the phased financing structure and cash flow projections, which include full debt service, provide sufficient protections for a viable investment opportunity that requires careful monitoring during execution.
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About the Author
Silvère is an economist and IT engineer with numerous years of experience in business management, FinTech investment and digital marketing. He invests mainly in crowdlending especially P2P lending, P2B lending, and real estate crowdfunding.