Regulated
Bonus running
Can sell early
- Risk level
- High
- Risk-return
- Medium
- Start from
- €50
Referral link · capital at risk
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Credius
Romania
Credius IFN S.A. lends money to people in Romania, repaid in instalments. Mintos investors lend it money and earn interest. Our memo scores it 53 out of 100, a C, and puts the chance it fails to pay within a year at about 5.2%.
Key figures
- Average rate
- 7.52%
- average, not guaranteed
- Loan portfolio
- €17,592,622
- Start from
- €50
Capital at risk. The rate is agreed, not guaranteed: if a borrower defaults you can lose some or all of your money.
Would AI invest?
AI 53 MediumOur AI gives this project 53 out of 100: Medium. How the AI score works
Information, not personal investment advice. The AI score rates the documents the platform publishes, can be wrong, and does not predict returns.
AI review
AILender memo · Romania
Credius: how likely is it to fail to pay its lenders?
Credius IFN S.A. is a Romanian company that lends money to people and is paid back in instalments. Investors on Mintos lend money to it. This memo asks one question: what is the chance it fails to pay those lenders back in the next 12 months, and why.
THIS IS NOT FINANCIAL ADVICE. This memo was prepared with the help of AI from publicly available documents. It is general information for education only — not a recommendation to buy, sell or hold anything, and it does not take account of your circumstances. Figures may contain errors; check them against the original documents. Investing through P2P platforms can result in the loss of all money invested.
Our score
53/ 100
C Watch
ABCDE
about 5.2%chance it fails to pay in the next 12 months
1 in 19the same number, put the other way round
Where that sits on our scale
Our framework caps this lender at 5% of a portfolio. Two separate limits apply and the tighter one wins. The company scores C, and our company scale allows a C up to 6%. Romania scores D, and our country scale — a different scale, with different percentages — allows 5% for all Romanian lenders added together. That 5% is the one that binds. These caps are a convention of our scale, applied to every lender we cover. They are not advice about your money.
Bad loans take nearly a third of its income in a good year and nearly half in a bad one, and in 2024 the owner took out more than the business earned — but the cushion of its own money is thick
We ask six questions about every lender: does it earn enough, are its loans being repaid, does it have enough of its own money to absorb losses, how risky is its country, can we trust its numbers, and are there warning signs. Each is scored 1 to 5 and weighted. The four cards below show how they land — but they are not meant to be added up. The weighted result is the about 5.2% at the top of this page.
💶 Earnings and cushion B
about 2.4%A thick cushion of the owners’ own money, and profits in two of the last three years — but they swing hard, and three-quarters of 2025’s profit before tax rests on one gain the company never explains.
📉 Are its loans being repaid? D
about 12%Bad loans took 45 lei of every 100 of income in 2024. The worst loans leave the books early, sold to a sister company, so the late-loan share looks better than it is.
🇷🇴 How risky is Romania? D
about 12%The leu, not the euro. The largest budget deficit in the European Union, no full government since May 2026 with a third nominee for prime minister rejected on 30 September 2026, and a legal cap on what lenders may charge. A fourth nominee had not been named when we last checked, on 5 October 2026.
⚖️ What we can and cannot check E
about 19%Money sitting with companies connected to it is somewhere between 31% and 60% of the owners’ money depending on what you count, and for 2025 we cannot test it at all. The 2025 figures are unaudited and do not agree with each other.
One test we can run on 2023 and 2024, and cannot run at all on 2025.One of the findings that stops our scoring is a company lending more than half the owners’ money to people or companies connected to it. The audited note for the end of 2024 totals RON 26.3m against RON 44.1m of owners’ money — 60%. But that total is not all lending. Take out RON 7.0m held in current accounts at banks the accounts list as connected, because a bank balance is not a loan, and it is 44%. On that reading, the one we use, the finding does not apply — and most of what remains is not lending either: it is what Finopro owed Credius for loans it had bought. Read it the other way, counting the bank balances, and 60% would fire the finding and take the answer to 25% or more. We think that is the wrong reading, and we are flagging the choice as ours. There is even a third figure, 31%, because the accounts contradict themselves here: the connected-party note says those parties hold RON 5.5m of “other non-financial assets” while the whole balance-sheet line of that name is RON 0.9m. For 2023 the equivalent steps give 50%, 43% and 37% — and that 50% is really 49.8%, a quarter of a point clear. 2025 is the year we cannot test. One line of RON 27.2m of “other financial assets”, never broken down, is 51% of the owners’ money, and there are no audited 2025 accounts to open it up. So this is neither passed nor failed: a test we cannot run on 2025 is not one the company failed, and not one it passed either. If audited 2025 accounts show more than half the owners’ money out to connected companies, we stop scoring and the answer becomes 25% or more.
The owner took out more than the business earned — and whether that was once or twice depends on which set of books you read.Dividends of RON 16.0m in 2023, then RON 29.6m in 2024, in a year the company ended RON 3.0m down after tax. That second year is money taken straight out of the cushion, and retained profit inside the company fell from RON 34.9m to RON 2.3m because of it. Owners taking more than the business earned two years running is one of the findings that stops our scoring and puts the answer at 25% or more, and the distance between our answer and 25% sits on which 2023 profit you use. There are two, worked out under two different sets of rules: the audited accounts show RON 24.1m, more than the RON 16.0m paid out, so 2024 stands alone and the finding does not apply; the summary filed with the tax authorities shows RON 14.8m, less than the dividend, so 2023 and 2024 are two years running and the finding would apply. We use the accounts figure, because it is the basis every other number in this memo is built on, and comparing a dividend against profit from a different set of books tells you little. We will not claim more than that: which set of books a Romanian dividend is legally declared against is something we have not settled, and if it is the tax filing the argument runs the other way.
Why this number matters
Every investment carries risk, and risk is not really a letter or a mark out of ten. It is two plain questions: how likely is it that this company fails, and how much of your money would you lose if it did. Put those together and you can see whether the reward is worth it.
For Credius: about a 5.2% chance of failing in the next 12 months. If we assume about 30% of the money comes back in that case, the risk costs roughly 3.7% a year — so the 7.52% rate on offer is worth about 3.9% once the risk is paid for. That is the thinnest margin of any C-grade lender we have scored.
Show how this works
1. The rate is a promise, not a result
An advertised 7.52% is what you are promised if everything goes well. What you keep is that rate minus what failures cost you. So the rate on its own tells you very little.
2. Put a price on the risk
Risk cost = the chance of failing × the share you do not get back. We assume 30% comes back and 70% is lost. That 30% is an assumption we apply to every lender so they can be compared with each other — it is not a measured figure, and the answer moves a lot if you choose differently.
3. Compare like for like
Take two imaginary lenders. One pays 14% but has a 17% chance of failing within the year: the risk costs about 11.9% a year, leaving roughly 2%. The other pays 9% with a 2.5% chance: the risk costs about 1.8%, leaving about 7%. The bigger number on the screen can easily be the worse one.
Credius, worked through
| With our figures | |
|---|---|
| Chance of failing in a year | 5.2% |
| Loss if it fails (70%) | × 0.7 |
| Risk cost a year | 3.7% |
| Rate offered on Mintos | 7.52% |
| Left after the risk cost | about 3.9% |
The company at a glance
What it is
A Romanian instalment lenderNot a bank, and it takes no deposits. Registered with Romania’s central bank, which supervises it.
Who it lends to
People, in instalmentsLoans of 2,000 to 100,000 lei over one to five years. A broker site in September 2026 showed an example yearly cost of 58.6% a year — high. Section 3 sets out the legal ceilings, which move with the central bank’s rate.
How big its loan book is
About €17.6mIts own loan book at the end of 2025, after costs of bad loans — about €17.6m at 5.1 lei to the euro. It grew 39% in 2025, after falling 5% in 2024.
Who owns it
Lapworth HoldingsA Cyprus company holds 99.99%. Above it is NCH Balkan Fund L.P., which carries no credit rating. Nobody in the group publishes combined accounts.
Where an investor can lend to it
Platform
MintosListed there as “Credius”. Two sister companies — Finopro and Business Microcredit — are listed separately, and their figures are not in this memo. Mintos’s own risk score for Credius IFN was 7.0 out of 10 when we read it on 9 November 2026 (Mintos last updated it on 9 October 2026), built from 7.9 for how the loans perform, 7.9 for servicing, 5.6 for buyback strength and 5.2 for the structure of the arrangement.
Rate on offer
7.52%The average rate on Mintos on 9 November 2026, when about €17.6m was outstanding there. Platform figures read on 9 November 2026.
What it borrows through Mintos
RON 36.9mA credit line from the Mintos financing company at the end of 2024, running to 30 April 2028. It was RON 25.4m a year earlier.
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Information, not personal investment advice. The AI score rates the documents the platform publishes, can be wrong, and does not predict returns.
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