< all projects

Da Vinci International

presented by October Netherlands



48 months


If I had lent to this project?

lent to this project, means…

paid back in total

taxes not included

Create your account

Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.



Vorden, Netherlands



Information & Communication

Presentation of the company

Created in 1997, Da Vinci International is active in the Software developement and sales sector and part of the Da Vinci group. The company, managed by Johan Heersink has 13 employees and is based in Vorden. Da Vinci group is created in 1997. Mr Heersink’s three daughters and Mr Heersinks wife also work in the company. The three daughters are in charge of the daily operations.

Mr. Johan Heersink, managing director, has overall 23 years of professional experience in the sector. Previously, he was managing director at a chain of hairdresser salons.

The group’s main activity is:

  • Developing and selling software for beautysalons and hairdressers in a subscription model.

The group works with around 1700 customers who pay a monthly subscription fee.

Even though hairdressers and beauty salons were closed from march to may following the Corona pandemic, the companies revenue was hardly impacted.

Project Description

The company requests 200. 000 € with 3 months of deferred repayment to finance the further development of the software. This project will be realised by the end of the year.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 45 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 240000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1,22.

The amount offered on the platform is limited to 98000€, which is in line with the regulatory limits.