Maclear Project Proteam
- Written by
- Just P2P
- •
- Updated October 11, 2025
Score C+
Proteam Ltd, registered in Malta in 2024, specializes in importing and integrating IT infrastructure solutions. The company operates as an equipment trader and systems integrator, sourcing from Asian manufacturers to deliver turnkey projects (servers, storage, networking, and security) to medium and large European enterprises.
The project finances the execution of the integration contract with Eleks Holding OU. The funds cover equipment procurement for design, supply, installation, and commissioning of server and network infrastructure. Successful delivery will position Proteam as a reference in the European IT integration market while generating a significant gross margin.
Investment terms
Loan requested : 350,000€
Period : 14 months
Interest rate : 14.7%
Company contribution : No contribution
The 350,000 € loan represents 382% of 2024 revenue (91,654 €) and 311 times 2024 net profit (1,124 €), demonstrating the significant financing needs for a startup company. In the IT integration sector where projects require substantial advances for equipment purchases, this amount finances the Eleks Holding OU contract valued at 495,000 €, thereby securing 2026 projected revenues of 1,064,571 €.
Risk metrics
Debt/Equity Ratio : 5.2 (High risk)
LTV (Loan to Value) : 83% (Moderate-High risk)
Credit History Score : 8/10 (Good creditworthiness)
The debt/equity ratio of 5.2 falls into the high-risk category (>2.0), reflecting substantial financial leverage for a newly created company with limited equity. The LTV of 83% also indicates high risk (>80%), with limited collateral buffer leaving little safety margin in case of asset depreciation.
The credit score of 8/10 ranks in the “Good” category, providing reasonable assurance on repayment capacity despite limited operating history. Together, these metrics indicate a medium-high risk profile, where heavy reliance on financial leverage and limited collateral buffer are partially balanced by solid creditworthiness and a confirmed client contract providing revenue visibility.
Business profile
Geographic Location : Malta (EU Member State)
Industry Sector : IT integration and equipment trading
Collateral Type : Equipment and company assets
The Maltese location offers an advantageous tax framework for trading activities, a geographic position between Europe and Asia facilitating Asian sourcing, and moderate operating costs. The European IT integration market, valued at 47-50 billion euros in 2024, grows 6-7% per year, driven by digitalization, cloud adoption, and SME cybersecurity needs.
The collateral consists of new equipment linked to the Eleks contract, cash reserves, and a personal guarantee from the founder. The company achieved profitability in its first year of operation in 2024 and quickly secured the Eleks Holding contract, demonstrating the founder’s ability to leverage his IT network to establish a credible market position despite limited size and short operating history.
Positive / Risk factors
Positive factors
- Major Eleks Holding contract secured
- Profitability from 1st operational year
- Attractive gross margins on equipment
- Cost advantage on Asian sourcing
- Founder’s network and expertise
Risk factors
- Very high debt/equity ratio
- High LTV, limited collateral buffer
- Limited operating history (since 2024)
- Heavy dependence on single Eleks contract
- Asian supply chain risks
- Limited capacity (subcontracting needed)
Opinion Proteam
The C+ rating is justified by the high debt/equity ratio (5.2) and high LTV (83%), placing the project in a higher risk category, balanced by a good credit score (8/10) and a confirmed client contract of 495,000 € with Eleks Holding OU guaranteeing 2026 revenue visibility.
Although dependence on a single contract and limited operating history remain concerns, the rapid profitability achieved in 2024, attractive margins in the IT integration sector, and collateral comprising new equipment directly linked to the project provide reasonable comfort.
