Hemlo's BRF analysis

BF Norden nr 2 upa

Org. no. 702001-5363 · Stockholm

Stable associationBased on the 2025 annual report · Analysed 28 Aug 2026

Top 28% in Stockholm

Summary

BF Norden nr 2 upa receives Hemlo grade C (7 out of 10) in Hemlo's independent analysis of the 2025 annual report. The debt is 6,172 kr per square metre and the annual fee is 663 kr per square metre per year. Lower equity ratio than 97% of associations in Stockholm. The annual fee has increased 20% over 2 years. The analysis highlights, among other things: Svag soliditet och negativt eget kapital, Äldre fastighet med begränsat redovisat nyligt underhåll, Lågt underhållskapital i förhållande till framtida behov.

Compared with neighbouring associations

  • Lower fee per m² than 64% of associations in Stockholm
  • Smaller maintenance fund than 64% of associations in Stockholm
  • Lower equity ratio than 97% of associations in Stockholm

Trend over time

Key figures from the co-op's recent annual reports.

Fee/m²663 kr/m²
+20% over 2 yr2023–2025
Debt/m²6 172 kr/m²
0% over 2 yr2023–2025
Equity ratio-19 %
-5 pp over 2 yr2023–2025

Association facts

Municipality
Stockholm
Built
1884
Apartments
42
Total area
2 940 m²

Identified risks

  • Weak equity ratio and negative equityHigh
  • Older property with limited recently reported maintenance expenditureHigh
  • Low maintenance capital in relation to future needsHigh

Details, assessments and suggested actions are part of the full analysis.

Full analysis

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  • Debt per square metre6,172 kr/m²

    Debt per square metre is the association's total loans divided by the total living area — one of the most important financial indicators for a housing cooperative.

  • Fee per square metre663 kr/m²/år

    Fee per square metre makes associations of different sizes comparable.

  • Savings per square metre
  • Fee trend
  • Loan structure and rate terms
  • Interest-rate sensitivity
  • Maintenance plan
  • Planned renovations

Frequently asked questions

Is BF Norden nr 2 upa a financially healthy housing cooperative?
BF Norden nr 2 upa receives Hemlo grade C (7 out of 10) in Hemlo's independent analysis of the 2025 annual report.
How high is the debt in BF Norden nr 2 upa?
The debt is 6,172 kr per square metre. Debt per square metre is the association's total loans divided by the total living area — one of the most important financial indicators for a housing cooperative.
How high is the fee in BF Norden nr 2 upa?
The annual fee is 663 kr per square metre per year. Fee per square metre makes associations of different sizes comparable. The annual fee has increased 20% over 2 years.
What does Hemlo grade C mean?
Hemlo grade C means “Stable association”. The grade scale runs from A to G and is based on Hemlo's health score 0–10 — an independent assessment of the association's annual report. BF Norden nr 2 upa has a health score of 7 out of 10.