{
  "schemaVersion": 1,
  "name": "stock.estate default and repayment report",
  "asOf": "2026-09-30",
  "temporalCoverage": "2023-11-01/2026-09-30",
  "source": "https://stock.estate/statistics",
  "distribution": {
    "json": "https://stock.estate/statistics.json",
    "csv": "https://stock.estate/statistics.csv"
  },
  "licence": "Public data; cite stock.estate/statistics",
  "currency": "EUR",
  "platform": {
    "registeredUsers": 17200,
    "fundedCampaigns": 100,
    "amountInvestedEur": 13532000,
    "principalRepaidEur": 4726000,
    "interestPaidEur": 885000,
    "averageNetAnnualReturnPct": 14.08,
    "basis": "Platform totals from the public statistics endpoint, which adds any figures recorded in the platform statistics settings to the computed records.",
    "definitions": {
      "registeredUsers": "Registered user accounts (not only investors), plus any figure recorded in platform statistics settings, rounded to the nearest 100.",
      "fundedCampaigns": "Successfully funded lending and private-deal campaigns, plus any figure recorded in platform statistics settings.",
      "amountInvestedEur": "Successful investments in published lending, private-deal and sponsorship campaigns, plus any figure recorded in platform statistics settings; rounded to the nearest EUR 1,000.",
      "principalRepaidEur": "Principal repaid to investors through successful repayments, rounded to the nearest EUR 1,000.",
      "interestPaidEur": "Interest on successful repayment transfers after withholding tax and before the platform interest commission (transfer amount less principal), including any figure recorded in platform statistics settings; rounded to the nearest EUR 1,000.",
      "averageNetAnnualReturnPct": "Investment-weighted average annual interest rate of lending and private-deal campaigns with successful investments (funded or still financing), blended with any figure recorded in platform statistics settings, multiplied by 0.9 (10% deducted; net estimate)."
    }
  },
  "loanStatus": {
    "basis": "amountEur is the invested principal (successful investments) of the loans in each status, not the outstanding balance. sharePct is the share of the total invested principal across financing, inProgress, completed, gracePeriod and defaulted; inRecovery is a subset of defaulted.",
    "fundedLoans": 100,
    "rows": [
      {
        "status": "inProgress",
        "label": "In Progress",
        "count": 56,
        "amountEur": 9166936,
        "sharePct": 67.75,
        "subsetOf": null,
        "definition": "Funded campaigns that are paying interest to investors: funded loans that are not fully repaid, late or in default."
      },
      {
        "status": "completed",
        "label": "Completed",
        "count": 43,
        "amountEur": 4038909,
        "sharePct": 29.85,
        "subsetOf": null,
        "definition": "Campaigns fully reimbursed to the investors."
      },
      {
        "status": "financing",
        "label": "Financing",
        "count": 3,
        "amountEur": 163276,
        "sharePct": 1.21,
        "subsetOf": null,
        "definition": "Active campaigns you can invest in today: campaigns with successful investments that are not yet funded or whose fundraising has not ended."
      },
      {
        "status": "gracePeriod",
        "label": "Late (15-90 days)",
        "count": 0,
        "amountEur": 0,
        "sharePct": 0,
        "subsetOf": null,
        "definition": "Campaigns with a delay in payment. A loan is considered late when the project owner is more than 14 days past due on an interest payment or a scheduled partial or full principal repayment. Penalty interest accrues from the first day of delay under the loan agreement."
      },
      {
        "status": "defaulted",
        "label": "Default",
        "count": 1,
        "amountEur": 161703,
        "sharePct": 1.2,
        "subsetOf": null,
        "definition": "Under Article 1 of Delegated Regulation (EU) 2022/2115, stock.estate considers a loan in default when at least one of the following events occurs: (a) the project owner is more than 90 days past due on any material credit obligation, whether interest or principal; (b) stock.estate considers the project owner unlikely to meet its loan obligations in full without additional measures such as enforcing collateral. Materiality threshold. For point (a), a credit obligation is material when cumulative arrears on the loan are at least EUR 20,000. Includes loans in recovery."
      },
      {
        "status": "inRecovery",
        "label": "of which in recovery",
        "count": 1,
        "amountEur": 161703,
        "sharePct": 1.2,
        "subsetOf": "defaulted",
        "definition": "Campaigns where we are in progress of recovering the funds. A subset of defaulted loans, also counted in the defaulted row."
      }
    ]
  },
  "defaults": {
    "currentDefaultedLoans": {
      "count": 1,
      "amountEur": 161703,
      "inRecoveryCount": 1,
      "inRecoveryAmountEur": 161703,
      "definition": "Loans currently in the defaulted loan status, including loans in recovery; amountEur is their invested principal. This is a current count, not the cumulative ECSP default count."
    },
    "ecspReporting": {
      "regulation": "Information published in accordance with Article 20 of Regulation (EU) 2020/1503 and Delegated Regulation (EU) 2022/2115.",
      "asOfDate": "2026-09-30",
      "referenceDate": "2026-01-01",
      "reviewedThrough": null,
      "materialityThresholdEur": 20000,
      "procedureUrl": null,
      "cumulativeDefaultCount": 1,
      "actualDefaultRatePct": 4.1667,
      "dataQuality": {
        "historyComplete": false,
        "riskCategoriesComplete": true
      },
      "forecastUnavailableReason": null,
      "riskCategories": [
        {
          "category": "1",
          "title": "Category 1: real-estate mortgage",
          "definition": "Loans secured by at least one real-estate mortgage on an asset valued by an authorised valuer, regardless of rank or LTV, with or without additional guarantees."
        },
        {
          "category": "2",
          "title": "Category 2: other guarantees",
          "definition": "Loans without a real-estate mortgage but with at least one real or personal guarantee distinct from the loan agreement: suretyship, corporate guarantee, bank guarantee, pledge over shares or other assets."
        },
        {
          "category": "3",
          "title": "Category 3: unsecured",
          "definition": "Loans protected only by the enforceable loan agreement, without real or personal guarantees."
        }
      ],
      "years": [
        {
          "year": 2024,
          "inProgress": false,
          "monitoredLoans": 2,
          "defaults": 0,
          "ratePct": 0,
          "categories": [
            {
              "category": "1",
              "monitoredLoans": 0,
              "defaults": 0,
              "ratePct": null
            },
            {
              "category": "2",
              "monitoredLoans": 1,
              "defaults": 0,
              "ratePct": 0
            },
            {
              "category": "3",
              "monitoredLoans": 1,
              "defaults": 0,
              "ratePct": 0
            }
          ]
        },
        {
          "year": 2025,
          "inProgress": false,
          "monitoredLoans": 12,
          "defaults": 1,
          "ratePct": 8.3333,
          "categories": [
            {
              "category": "1",
              "monitoredLoans": 2,
              "defaults": 0,
              "ratePct": 0
            },
            {
              "category": "2",
              "monitoredLoans": 7,
              "defaults": 1,
              "ratePct": 14.2857
            },
            {
              "category": "3",
              "monitoredLoans": 3,
              "defaults": 0,
              "ratePct": 0
            }
          ]
        },
        {
          "year": 2026,
          "inProgress": true,
          "monitoredLoans": 39,
          "defaults": 0,
          "ratePct": 0,
          "categories": [
            {
              "category": "1",
              "monitoredLoans": 32,
              "defaults": 0,
              "ratePct": 0
            },
            {
              "category": "2",
              "monitoredLoans": 6,
              "defaults": 0,
              "ratePct": 0
            },
            {
              "category": "3",
              "monitoredLoans": 1,
              "defaults": 0,
              "ratePct": 0
            }
          ]
        }
      ],
      "categoryAverages": [
        {
          "category": "1",
          "ratePct": 0,
          "defaultCount": 0
        },
        {
          "category": "2",
          "ratePct": 7.1429,
          "defaultCount": 1
        },
        {
          "category": "3",
          "ratePct": 0,
          "defaultCount": 0
        }
      ],
      "forecasts": [
        {
          "year": 2026,
          "category": null,
          "ratePct": 3.1282,
          "method": "prudential_category_floor",
          "calculatedAt": "2026-09-30",
          "reviewedAt": null,
          "assumptions": "The estimate starts from each risk category's actual default rate over the platform's entire operating history (November 2023 to present). Given the limited observation period and small category samples, prudential minimum estimates of 2%, 8% and 10% apply to categories 1, 2 and 3 respectively. Category 3 is estimated above category 2 despite no observed defaults because it has no collateral or guarantees. Estimates are reviewed annually when the annual statement is published and after every default event. The total is weighted by the number of loans in each category at 1 January 2026; this is an estimate, not a guarantee."
        },
        {
          "year": 2026,
          "category": "1",
          "ratePct": 2,
          "method": "prudential_category_floor",
          "calculatedAt": "2026-09-30",
          "reviewedAt": null,
          "assumptions": "Baseline estimate: arithmetic mean of the completed annual default rates in this risk category over the available history. Assumes unchanged risk composition; prudential minimum estimates of 2%, 8% and 10% apply to categories 1, 2 and 3 respectively. A historical estimate is not a guarantee."
        },
        {
          "year": 2026,
          "category": "2",
          "ratePct": 8,
          "method": "prudential_category_floor",
          "calculatedAt": "2026-09-30",
          "reviewedAt": null,
          "assumptions": "Baseline estimate: arithmetic mean of the completed annual default rates in this risk category over the available history. Assumes unchanged risk composition; prudential minimum estimates of 2%, 8% and 10% apply to categories 1, 2 and 3 respectively. A historical estimate is not a guarantee."
        },
        {
          "year": 2026,
          "category": "3",
          "ratePct": 10,
          "method": "prudential_category_floor",
          "calculatedAt": "2026-09-30",
          "reviewedAt": null,
          "assumptions": "Baseline estimate: arithmetic mean of the completed annual default rates in this risk category over the available history. Assumes unchanged risk composition; prudential minimum estimates of 2%, 8% and 10% apply to categories 1, 2 and 3 respectively. A historical estimate is not a guarantee."
        }
      ],
      "definitions": {
        "cumulativeDefaultCount": "Loans classified in default since the platform launched (November 2023).",
        "actualDefaultRatePct": "Simple average of completed annual rates. For each calendar year, the monitored cohort consists of loans active and non-defaulted on 1 January with a payment scheduled during that year. The annual rate is the number of loans in that cohort that defaulted at least once during the year divided by the number of monitored loans. Each loan counts once, regardless of amount. The actual default rate is the simple average of completed annual rates; the current year is informative and excluded. Categories use the approved assessment at the start of each year. A zero-loan cohort has no rate. Short-term loans outside the starting cohorts require a bias assessment.",
        "annualDefaultRate": "1. Actual loan default rate (Article 2 of Delegated Regulation (EU) 2022/2115). stock.estate calculates the simple average of annual default rates over the entire historical observation period, using non-overlapping 12-month observation windows. For each window, the denominator is the number of non-defaulted loans at its start; the numerator is the number of those loans with at least one default during the window. Loans with no scheduled payment in the window are excluded. Only internal data covering all loans intermediated by the platform are used. Where the operating history is shorter than 36 months, the full operating period is used; subsequently, the entire available history continues to be used.",
        "forecasts": "Where reliable repayment history and risk categories are available, the estimate uses the simple average of completed annual default rates in each risk category. The overall estimate weights these category rates by the current monitored loan count. Alternatively, a reviewed forecast may use documented assumptions. Each estimate shows its calculation or review date and assumptions. Historical averages may not predict future conditions; an estimate is not a guarantee."
      }
    }
  },
  "monthly": {
    "definitions": {
      "invested": "Successful investments by contract-signing month (creation month when unsigned), whole EUR.",
      "investedBefore2024Eur": "Successful investments signed before January 2024, not broken down by month.",
      "repaid": "Principal and interest of successful repayment transfers, grouped by the repayment due month; interest is the transfer amount less principal. Whole EUR."
    },
    "investedBefore2024Eur": 16735,
    "invested": [
      {
        "month": "2024-01",
        "amountEur": 130760
      },
      {
        "month": "2024-02",
        "amountEur": 140664
      },
      {
        "month": "2024-03",
        "amountEur": 32819
      },
      {
        "month": "2024-04",
        "amountEur": 6820
      },
      {
        "month": "2024-05",
        "amountEur": 31000
      },
      {
        "month": "2024-06",
        "amountEur": 155143
      },
      {
        "month": "2024-07",
        "amountEur": 5000
      },
      {
        "month": "2024-08",
        "amountEur": 74980
      },
      {
        "month": "2024-09",
        "amountEur": 29894
      },
      {
        "month": "2024-10",
        "amountEur": 47428
      },
      {
        "month": "2024-11",
        "amountEur": 22376
      },
      {
        "month": "2024-12",
        "amountEur": 32280
      },
      {
        "month": "2025-01",
        "amountEur": 27744
      },
      {
        "month": "2025-02",
        "amountEur": 104013
      },
      {
        "month": "2025-03",
        "amountEur": 109341
      },
      {
        "month": "2025-04",
        "amountEur": 76600
      },
      {
        "month": "2025-05",
        "amountEur": 208515
      },
      {
        "month": "2025-06",
        "amountEur": 265750
      },
      {
        "month": "2025-07",
        "amountEur": 229225
      },
      {
        "month": "2025-08",
        "amountEur": 290130
      },
      {
        "month": "2025-09",
        "amountEur": 373729
      },
      {
        "month": "2025-10",
        "amountEur": 440508
      },
      {
        "month": "2025-11",
        "amountEur": 604215
      },
      {
        "month": "2025-12",
        "amountEur": 322270
      },
      {
        "month": "2026-01",
        "amountEur": 1000037
      },
      {
        "month": "2026-02",
        "amountEur": 1001710
      },
      {
        "month": "2026-03",
        "amountEur": 818971
      },
      {
        "month": "2026-04",
        "amountEur": 718092
      },
      {
        "month": "2026-05",
        "amountEur": 362161
      },
      {
        "month": "2026-06",
        "amountEur": 1628546
      },
      {
        "month": "2026-07",
        "amountEur": 1029291
      },
      {
        "month": "2026-08",
        "amountEur": 1512130
      },
      {
        "month": "2026-09",
        "amountEur": 1683585
      }
    ],
    "repaid": [
      {
        "month": "2024-05",
        "principalEur": 0,
        "interestEur": 13738
      },
      {
        "month": "2024-11",
        "principalEur": 0,
        "interestEur": 38893
      },
      {
        "month": "2024-12",
        "principalEur": 0,
        "interestEur": 563
      },
      {
        "month": "2025-01",
        "principalEur": 0,
        "interestEur": 563
      },
      {
        "month": "2025-02",
        "principalEur": 0,
        "interestEur": 1082
      },
      {
        "month": "2025-03",
        "principalEur": 1931,
        "interestEur": 2454
      },
      {
        "month": "2025-04",
        "principalEur": 3116,
        "interestEur": 3878
      },
      {
        "month": "2025-05",
        "principalEur": 19400,
        "interestEur": 51002
      },
      {
        "month": "2025-06",
        "principalEur": 3491,
        "interestEur": 8334
      },
      {
        "month": "2025-07",
        "principalEur": 3607,
        "interestEur": 10480
      },
      {
        "month": "2025-08",
        "principalEur": 3607,
        "interestEur": 13613
      },
      {
        "month": "2025-09",
        "principalEur": 187745,
        "interestEur": 22434
      },
      {
        "month": "2025-10",
        "principalEur": 26176,
        "interestEur": 21102
      },
      {
        "month": "2025-11",
        "principalEur": 86951,
        "interestEur": 52875
      },
      {
        "month": "2025-12",
        "principalEur": 51284,
        "interestEur": 34975
      },
      {
        "month": "2026-01",
        "principalEur": 250175,
        "interestEur": 42562
      },
      {
        "month": "2026-02",
        "principalEur": 190355,
        "interestEur": 52136
      },
      {
        "month": "2026-03",
        "principalEur": 97890,
        "interestEur": 61239
      },
      {
        "month": "2026-04",
        "principalEur": 1082527,
        "interestEur": 74139
      },
      {
        "month": "2026-05",
        "principalEur": 66004,
        "interestEur": 64004
      },
      {
        "month": "2026-06",
        "principalEur": 537197,
        "interestEur": 69480
      },
      {
        "month": "2026-07",
        "principalEur": 817248,
        "interestEur": 76448
      },
      {
        "month": "2026-08",
        "principalEur": 1063632,
        "interestEur": 90161
      },
      {
        "month": "2026-09",
        "principalEur": 233343,
        "interestEur": 78984
      }
    ]
  }
}