Kapitaal Op Maat Review 2026

What it is

Kapitaal Op Maat is one of the oldest Dutch crowdlending platforms, founded in Rotterdam in 2013. Private investors lend to Dutch small businesses and small property developers. Since October 2023 the company is called KOM Group B.V.; it also runs the English-language brand Capital Circle under the same licence. As of 1 September 2026 the group had arranged €154.0 million in 1,156 projects, of which €97.9 million had been repaid. It reports 7,984 active investors (August 2026).

How it works

You choose loans yourself, from €100, though many projects set a minimum of €500 or €1,000. Loans run 6 to 60 months at a fixed rate, and borrowers repay interest and capital monthly. Each loan is placed in one of six risk classes, from AA (lowest risk) to C. Roughly half of the loans listed in August 2026 were property-related; the rest were trading businesses such as bakeries, shops and farms. There is no automatic investing, and you can cancel any investment within four calendar days.

Returns

Kapitaal Op Maat publishes what investors actually earned. Since 2014 its loans returned 6.77% a year, with interest reinvested (as of 1 September 2026). Over the last 36 months the net return after write-offs and costs was 5.91% a year, a simple average across loans without reinvestment. The average interest rate on the book is 8.09% (August 2026); the gap to the net return is mostly losses. The marketing headline of up to 10% is a maximum rate, not an average. Note that the 6.77% and 5.91% were the same in July and September 2026 although write-offs rose, so they may not have been recalculated.

Losses and defaults

Losses are real and published. As of 1 September 2026, 2.13% of the money lent had been permanently written off, across 95 projects, up from 1.94% (74 projects) on 1 July 2026. By count, about one project in twelve has lost money. The default rate the EU rules require, counted by number of projects more than 90 days late over the last 36 months, is 2.36% (9 of 381); it is 9.8% in risk class B and 28.6% in class CC. A second, amount-based default rate shows 0.78%. On 1 September 2026, 44 of 358 running projects (€4.43 million) were behind on payments, 28 of them by more than 180 days, up from 33 projects in July.

What secures your money

Security depends on the loan. Property loans usually carry a mortgage, first or lower rank; business loans usually carry a pledge on business assets or stock and a personal guarantee from the directors. Some loans have no hard security. The security is held for investors by a separate foundation, Stichting Security Trustee KOM Group, whose board is KOM Group's own management plus one outside member. There is no buyback, reserve fund or insurance, and no published loan-to-value figures. If a borrower is five days late, the claim is handed over for collection; costs are charged to the borrower, but when security is enforced a 10% collection fee and legal costs come out of the proceeds first (August 2026). No recovery figures are published. In plain words: many loans have property or business assets behind them, but you cannot see how much has actually come back from failed loans.

Who runs it and its licence

KOM Group B.V. (formerly Kapitaal op Maat B.V., Rotterdam) is authorised by the Dutch regulator (AFM) as a crowdfunding service provider under the EU rules, licence number 32000003, since 30 November 2022, with a passport to 26 EU countries. Before that it held an AFM exemption (number 19000007). Crowdfunding investments are not covered by the deposit guarantee or the investor compensation scheme.

Fees

Investors pay €0.10 per project, taken from the monthly payment. No other investor fee is listed. When security has to be enforced, collection costs reduce what investors get back.

Getting your money out

Your money comes back through the monthly repayments over the life of each loan, up to 60 months. There is no market to sell loans to other investors and no early exit. If a borrower falls behind, repayment can take much longer.

Our view

Return: Low — 6.77% a year since 2014 and 5.91% a year after losses over the last three years, both the platform's own figures. Risk: High (higher means more risk) — 2.13% of all money lent has been written off, which on its own gives Medium; we set it one step higher, at High, because write-offs and late payments rose quickly in mid-2026 while the headline figures stayed the same, and no recovery data is published. Risk-return: Low — after losses, investors kept 5.91% a year, just under 6%.