Maclear Project Petrolmarca
- Written by
- Just P2P
- •
- Updated December 27, 2025
Score B-
Petrolmarca Srl is an Italian company based in Villorba (Treviso), established in 2008. Since 2022, it has operated as a B2B integrator in telecom engineering, supplying configured components and subsystems for communication and telemetry infrastructure. The company serves telecom operators, system integrators and Italian industrial clients through recurring commercial partnerships.
The financing aims to pre-finance the execution of three confirmed telecom contracts for 2026 with Sertori S.p.A., Axera S.p.A. and S.T.T. Servizi Telematici Telefonici. The funds will cover materials, outsourced production and logistics, bridging the gap between execution costs and 60-day client payment terms.
Investment terms
Loan requested : 1,400,000 €
Period : 13 months
Interest rate : 14.4%
Company contribution : CEO’s personal vehicle (Toyota Land Cruiser 2022, value 62,000 €)
The 1,400,000 € loan represents approximately 26% of 2024 revenue (5.34 M€) and 3.6 times 2024 net profit (390,000 €), a significant but consistent sizing given the projected growth towards 8.97 M€ in 2026. Three firm contracts totalling 1,799,253 € in revenue directly secure the use of funds, providing solid contractual visibility. The CEO’s personal contribution through his vehicle (62,000 €) demonstrates his commitment, although modest relative to the amount requested.
Risk metrics
Debt/Equity Ratio : 1.04 (Medium risk)
LTV (Loan to Value) : 144% (High risk)
Credit History Score : 9/10 (Very good)
The D/E ratio of 1.04 sits at the lower end of the medium risk category (1.0-2.0), indicating controlled financial leverage with a balanced capital structure between debt and equity. The LTV of 144% constitutes a high risk factor (>80%), with the collateral liquidation value (974,476 €) covering only 70% of the requested loan.
The credit score of 9/10 reflects a very good solvency track record, evidencing rigorous financial management since the 2022 strategic shift. These metrics collectively suggest a moderate-to-high risk profile, where the very good credit history and operational solidity partially offset the insufficient collateral coverage.
Business profile
Geographic Location : Italy
Industry Sector : Telecom Engineering / B2B Services
Collateral Type : Company assets (equipment, vehicles, materials)
The company operates in the Italian telecom market estimated at 6.3 billion € in 2024, driven by 5G momentum and infrastructure modernisation. The telecom integration sector benefits from growing demand for custom-configured solutions, a segment underserved by large standardised equipment manufacturers.
The collateral includes telecom production equipment, professional vehicles and contract materials with resale potential on the secondary market. The successful 2022 repositioning, transitioning from petroleum trading to telecom integration with +369% revenue growth over three years, evidences significant strategic adaptability and validates the relevance of this reorientation.
Positive / Risk factors
Positive factors
- Revenue growth +369% since 2022
- Very good credit score 9/10
- Three confirmed 2026 contracts
- Consistent profitability maintained
- Light and flexible structure
- CEO personally committed
Risk factors
- Very high LTV at 144%
- Limited operational track record (3 years)
- Dependence on external subcontractors
- Geographic concentration on Italy
- Continuous margin compression
- Small internal team
Opinion Petrolmarca
The B- rating is justified by exceptional growth since the 2022 strategic shift (+369% revenue), a very good credit history (9/10) and the securing of three firm contracts totalling 1.8 M€ for 2026, which significantly mitigate execution risk. Nevertheless, the 144% LTV represents a major structural weakness with insufficient collateral coverage in case of default.
The operational track record of only three years under the current model limits visibility on long-term resilience. The continuous margin compression (from 14% to 7% net margin) and subcontractor dependence constitute vulnerabilities, but maintained profitability and the CEO’s personal commitment constitute mitigating factors for this moderate-to-high risk opportunity.
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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.