Investing carries serious risks, including partial or total loss of capital. Please read the Key Investment Information Sheet and the Risk factors and login before investing.
Quares Sustainability Initiative 2A
Loan
€625,900
total amount raised in round
105%
- Backed by over 50 investors
Conditions of the offer
The QSI 2026 2A compartment of Spreds Finance would participate in the financing of Quares Sustainability Initiative BV/SRL for an amount between €150,000 and €900,000.
From the total amount raised during the offer period, Spreds Finance will use €250 per Participatory Note, subject to compliance with the conditions applicable to this investment.
Maximum amount of the offer: €900,000
Subscription price: Each Participatory Note has a nominal value of €250. There are no subscription fees associated with this offer. The total subscription price of a Participatory Note is therefore a maximum of €250. The minimum subscription amount is €250.
Conditions precedent of the offer:
The Participatory Notes will only be issued if, within 15 working days after the Closing Date (the Effective Date), the following cumulative and suspensive conditions, listed below, are met, which precede the subscription to the loan issued by QSI by Spreds Finance:
The Participatory Notes will only be issued if, within 15 working days after the Closing Date (the Effective Date), the following cumulative and suspensive conditions, listed below, are met, which precede the subscription to the loan issued by QSI by Spreds Finance:
- The total amount of commitments to subscribe to this offer amounts to at least €150,000 and no more than €900,000.
- Spreds Finance subscribes for an amount equal to the result of the subscription to Participatory Notes of the QSI 2026 compartment. This amount must be at least €150,000.
Spreds Finance will, no later than six months after the closing date (the “Effective Date”), i.e. 24/07/2026 (or 26/10/2026 if extended), verify whether these conditions have been met.
If one or more of these conditions are not met on that date, the Notes will not be issued and investors will be reimbursed their subscription amount no later than 15 working days after the Effective Date.
Loan modalities
Nominal interest rate: The gross annual interest rate amounts to 5.50%. Interest is paid in monthly instalments and is calculated on the invested capital. On this gross interest, a tax is due: withholding tax on interest income. This tax amounts to 30% of the gross interest and is withheld at source, meaning that the investor immediately receives a net interest and does not have to pay any further taxes on this net interest later. The net interest rate amounts to 3.85%.
Date from which interest is due: Interest will be due for the first time by QSI one month after the funds have been made available to QSI. If the loan starts on 01/08/2026, the interest will be due for the first time by QSI on 01/09/2026.
Dates on which interest is paid: Interest is paid in monthly instalments (60 payment instalments) and the capital is repaid at the end of the fifth year. If QSI pays interest to Spreds Finance, then Spreds Finance will pay these to the holders of Participatory Notes 15 working days after the date on which it has received them.
This will be the only loan undertaken by QSI. The loan is unsecured. QSI will use this loan to grant a loan to Jade Sustainable Projects BV/SRL (company number BE 0733.785.402) (“JSP”). BNP Paribas Fortis will also provide a loan to JSP. The loan from QSI to JSP will be a subordinated loan. In the event of liquidation of JSP, the creditors of JSP (including therefore QSI) will be repaid after the creditors of JSP holding security, insofar as there is a remaining balance allowing repayment.
Tax shelter
This offer concerns a loan. Under applicable legislation, this offer does not qualify for a tax deduction for Belgian investors under the tax shelter incentive.
Confirmed amounts
An amount of €468,400 has already been raised from external investors in August in the context of this financing round.
Use of funds
The funds will be fully used for the (re)financing of sustainability solutions:
- refinancing of a combined combo-bond of approximately €150,000;
- refinancing of an existing B2B project of €430,000 (The Coca-Cola Company, Viridis, …);
- financing of a new B2B project of €320,000
Subscription period
Start date of the offer period: 09/06/2026
Planned end date of the offer period: 05/07/2026 (inclusive)
Planned end date of the offer period: 05/07/2026 (inclusive)
Extension: maximum 3 months until no later than 05/10/2026 (inclusive)
Conditions for extension: it may be decided to extend the subscription period if the total amount of subscriptions on 05/07/2026 amounts to at least €120,000.
Early closing: The offer may be closed early as soon as the minimum offer amount of €150,000 has been reached. It may also be decided to close early when the total number of orders stated on the signed subscription forms sent to Spreds Finance reaches the maximum amount of the offer.
Consequences if the financing target is not raised within the deadline: If the financing target is not raised, the Participatory Notes will not be issued and all subscriptions to this offer will be cancelled. Investors will be reimbursed no later than 15 working days after the Effective Date for their respective subscription amounts (nominal value of the Participatory Notes + subscription fees). Investors will not have to bear any costs as a result of the offer not reaching the intended amount.
Raise summary
| Duration | 5 years |
| Interest rate | 5.5% |
| Reimbursement frequency | Monthly |
| Reimbursement type | Bullet |
| Crowd investments | €157,500 |
| Committed by others | €468,400 |
| Amount raised | €625,900 |
| Minimum round | €747,400 |
| Maximum round | €1,497,400 |