Geldvoorelkaar Review - Crowdlending, P2P lending in Netherlands - Overview, Analysis & Statistics

Returns and risk

Risk level

Medium

Higher means more risk. Write-offs reduce returns by 1.26% a year, and most loans carry mortgages, pledges or guarantees. But 7.45% of loans defaulted in 2025, the highest since 2012, and recoveries average about 30%.

Return level

Lowest

Investors earned 5.72% a year after fees and write-offs across the portfolio (1 August 2026), low compared with similar business-lending platforms.

Risk for the return

Very bad

The level rests on the platform's own net return of 4.46% a year after loans in arrears (1 August 2026), which is a weak reward for the default risk shown in 2025.

Average annual return: 5.72% a yearRealised return (IRR) on the whole portfolio after the investor fee and write-offs, before loans currently in arrears, as of 1 August 2026. After also deducting arrears the platform's net figure is 4.46% a year.

What the platform reports about losses (its own definitions)

Realised losses: 1.26%Return lost each year to loans written off, in percentage points of the annual return of the whole portfolio since 2012, as of 1 August 2026. Average recovery on defaulted loans is about 30%, according to the platform.
Default rate: 7.45%Share of loans, by number, that went into default in 2025: 44 of 591. Default means more than 90 days late on a material payment or repayment unlikely without enforcement. Average over all years 2.97%; published 14 September 2026.
Late loans: 1.38%Return deducted for loans currently in arrears, in percentage points a year, the gap between the 5.72% realised return and the 4.46% net return; 1 August 2026, calculated from the platform's own figures.

Capital at risk. Past returns do not predict future returns; a borrower can pay late or not at all.

Statistics

Last updated 3 Nov 2026

€588.5M
funded so far: 2,687
projects funded

Figures as the platform publishes them.

Pros and cons

Pros

Publishes a realised return, write-offs, arrears and a yearly default table back to 2012 with definitions, the latest dated 14 September 2026.
Operating since 2011, licensed by the AFM (number 32000020), with €400.1 million of principal repaid to investors by September 2026.
Most loans carry a mortgage, pledge or personal guarantee, held by a separate foundation for investors.
Mobile app for iOS and Android and payouts bundled every two weeks.

Cons

7.45% of loans defaulted in 2025, the highest since 2012 and above the platform's expected 3.50%.
Net return after arrears of only 4.46% a year (1 August 2026).
Average recovery on defaulted loans is only about 30%, according to the platform.
No way to sell a loan early is described in the current terms; money stays invested until repayment.

How it works

For investors

Minimum: €100
Fees: Management fee: 0.05% per month on the amount invested, taken from monthly payments
Currencies: EUR
Languages: Dutch
Auto-invest: Yes
Can sell early: Yes
Limits: People aged 18 or over with full legal capacity, and companies, who pass the EU crowdfunding entry knowledge test and a loss simulation; inexperienced investors get extra warnings. Investors must not lend to consumers professionally. Parents can open an account for a minor. Minimum €100 (projects up to €300,000) or €300 (larger projects); no maximum.

For borrowers and companies

Fees: Fundraising fee: 2.4% one-off on the loan amount (2% for property and AndersFinancieren loans)
Management fee: 0.07% per month on the original loan amount
Subscription fee: EUR 750 publication costs once the application is approved, plus EUR 750 contract costs
Security: Mixed · Most loans carry security, but the type varies by loan: a mortgage on property, a pledge on inventory, equipment or receivables, or personal guarantees from the owners, often several together. All security rights are held by a separate foundation, Stichting Zekerheden Geldvoorelkaar.nl, on behalf of investors, and it decides how to enforce them. Borrowers must insure pledged assets. Personal guarantees are not collateral, and many business loans rely on them. There is no buyback, reserve fund or guarantee from the platform. When a loan defaults, investors have on average got back about 30% of what was outstanding, according to the platform, so security reduces losses but does not prevent them. A new risk score from A to F, introduced in September 2026, weighs repayment capacity and the security offered.

About and licence

What it is

Geldvoorelkaar.nl is one of the oldest Dutch crowdfunding platforms, operating since 2011. Private investors lend to Dutch small and medium-sized businesses and property owners. By 1 September 2026 it had funded €588.5 million across 2,687 projects, plus €112.5 million for 91 projects through its AndersFinancieren label. Investors have received back €400.1 million of principal and €81.8 million of interest. The group also runs its own mortgage funds.

How it works

You register, verify your identity, take the EU investor knowledge test and choose loans yourself. Since 1 July 2026 the minimum is €100 for projects needing up to €300,000 and €300 for larger ones; there is no maximum. Loans are annuity, interest-only, flexible or property loans, paid monthly into a wallet at the payment provider, with collected payouts every two weeks. Each loan gets a risk score.

Returns

Geldvoorelkaar publishes a realised return of 5.72% a year for its whole portfolio, after its investor fee and after loans written off (as of 1 August 2026). The method was set up with an external actuary. After also deducting loans currently in arrears, the net figure is 4.46% a year; stricter versions that write off loans more than 90 or 365 days late give 4.26% to 4.34%. These are all-time figures, not by year of lending.

Losses and defaults

Write-offs have cost investors 1.26 percentage points of return a year across the portfolio (1 August 2026). The default rate, counted by number of loans, was 7.45% in 2025: 44 of 591 loans went into default, the highest yearly figure since 2012 and well above the platform's own expected rate of 3.50%. Earlier years ranged from 2.45% to 4.98%, and the average over all years is 2.97%. A loan counts as defaulted when it is more than 90 days late on a material payment or unlikely to be repaid without enforcement. The 2025 rise was driven by the riskiest loan classes, where 11.34% of loans defaulted.

What secures your money

Most loans carry security, but the type varies by loan: a mortgage on property, a pledge on inventory, equipment or receivables, or personal guarantees from the owners, often several together. All security rights are held by a separate foundation, Stichting Zekerheden Geldvoorelkaar.nl, on behalf of investors, and it decides how to enforce them. Borrowers must insure pledged assets. Personal guarantees are not collateral, and many business loans rely on them. There is no buyback, reserve fund or guarantee from the platform. When a loan defaults, investors have on average got back about 30% of what was outstanding, according to the platform, so security reduces losses but does not prevent them. A new risk score from A to F, introduced in September 2026, weighs repayment capacity and the security offered.

Who runs it and its licence

The platform is run by Geldvoorelkaar.nl from Rhenen. It holds a European crowdfunding licence from the Dutch financial markets regulator AFM, number 32000020. Investors' payments go through Online Payment Platform, a licensed payment institution, for investments since 1 April 2023; older investments are paid out through the foundation Stichting Klantengelden Geldvoorelkaar.nl. Security rights sit with Stichting Zekerheden Geldvoorelkaar.nl, which acts for investors if the platform itself fails.

Fees

Opening an account, administration and statistics are free. On every investment that goes ahead, investors pay a running fee of 0.05% a month on the amount invested, about 0.6% a year, taken from the monthly payments; the effective return after this fee is shown when you invest. Borrowers pay €750 publication costs, a one-off success fee of 2.4% (2% for property and AndersFinancieren loans), 0.07% a month on the original loan and €750 contract costs.

Getting your money out

Loans run until they are repaid, which depends on the loan type and term; borrowers repay monthly on annuity loans, so money comes back gradually. The platform's current terms and investor FAQ describe no way to sell a loan before it ends. If a loan defaults, recovery through the security foundation can take a long time.

Our view

Return: Very Low — investors earned 5.72% a year after fees and write-offs. Risk: Medium (higher means more risk) — write-offs cost 1.26% a year, but 7.45% of loans defaulted in 2025, the highest since 2012, and recoveries average about 30%. Risk-return: Very Low — the level rests on the platform's own net figure of 4.46% a year after loans in arrears.

Licence

Geldvoorelkaar.nl holds a European crowdfunding service provider licence under Regulation (EU) 2020/1503, granted by the Dutch Authority for the Financial Markets (AFM), number 32000020. Payments run through Online Payment Platform, a licensed payment institution. No deposit guarantee or investor compensation scheme covers the loans.

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Questions people ask

Is Geldvoorelkaar.nl regulated?

Yes. It holds a European crowdfunding licence from the Dutch regulator AFM, number 32000020. Regulation does not protect you from losses on the loans.

Who holds my money?

Since 1 April 2023 your money waits in a wallet at Online Payment Platform, a licensed payment institution. Older investments are paid out through the foundation Stichting Klantengelden Geldvoorelkaar.nl.

What is the minimum investment?

€100 for projects needing up to €300,000 and €300 for larger projects, since 1 July 2026. There is no maximum.

What returns, and what losses so far?

Investors earned 5.72% a year after fees and write-offs, and 4.46% after also deducting loans in arrears (1 August 2026). Write-offs cost 1.26% a year. In 2025, 7.45% of loans defaulted, the highest since 2012.

What secures my investment?

Most loans carry a mortgage, a pledge or personal guarantees, held by Stichting Zekerheden Geldvoorelkaar.nl for investors. There is no buyback or reserve fund. On defaulted loans investors have on average got back about 30%.

Can I sell early or withdraw?

Loans run until they are repaid. The platform's current terms and investor FAQ describe no way to sell a loan before it ends; on annuity loans money comes back monthly.

What fees do I pay?

A running fee of 0.05% a month on the amount invested, about 0.6% a year, taken from your monthly payments. Opening an account and administration are free.

What happens if Geldvoorelkaar.nl or a borrower fails?

If the platform fails, Stichting Zekerheden acts for investors and payments run through the separate payment provider. If a borrower fails, the foundation enforces the security, which can take time and has returned about 30% on average.

Why did defaults rise in 2025?

The platform's figures show 44 of 591 loans defaulting in 2025 (7.45%), driven by its riskiest loan classes, where 11.34% defaulted. It introduced a new risk score from A to F in September 2026.