Hemlo's BRF analysis

Bostadsrättsföreningen Borgen

Org. no. 773200-0547 · Karlstad

Acceptable, with remarksBased on the 2024 annual report · Analysed 16 Apr 2026

Summary

Bostadsrättsföreningen Borgen receives Hemlo grade D (6 out of 10) in Hemlo's independent analysis of the 2024 annual report. The debt is 0 kr per square metre and the annual fee is 662 kr per square metre per year. Lower debt per m² than 85% of associations in Karlstad. The annual fee has increased 5% over 3 years. The analysis highlights, among other things: Tomträtt kan driva upp framtida avgifter, Mycket låg underhållsfond i förhållande till behov, Stor låneförfalloklump under 2025.

Compared with neighbouring associations

  • Lower debt per m² than 85% of associations in Karlstad
  • Lower fee per m² than 70% of associations in Karlstad
  • Larger maintenance fund than 75% of associations in Karlstad
  • Lower equity ratio than 83% of associations in Karlstad

Trend over time

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

Fee/m²662 kr/m²
+5% over 3 yr20212024
Debt/m²3 998 kr/m²
-2% over 3 yr20212024
Equity ratio19 %
+2 pp over 3 yr20212024

Association facts

Municipality
Karlstad
Apartments
72
Total area
4 560 m²

Identified risks

  • Long leasehold (tomträtt) can drive up future feesHigh
  • Very low maintenance fund in relation to needsHigh
  • Large loan refinancing chunk during 2025High

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

Full analysis

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  • Debt per square metre0 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 metre662 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 Bostadsrättsföreningen Borgen a financially healthy housing cooperative?
Bostadsrättsföreningen Borgen receives Hemlo grade D (6 out of 10) in Hemlo's independent analysis of the 2024 annual report.
How high is the debt in Bostadsrättsföreningen Borgen?
The debt is 0 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. Lower debt per m² than 85% of associations in Karlstad.
How high is the fee in Bostadsrättsföreningen Borgen?
The annual fee is 662 kr per square metre per year. Fee per square metre makes associations of different sizes comparable. The annual fee has increased 5% over 3 years.
What does Hemlo grade D mean?
Hemlo grade D means “Acceptable, with remarks”. 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. Bostadsrättsföreningen Borgen has a health score of 6 out of 10.